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Sunday, November 30, 2014

When to buy an ELSS Mutual Fund?

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When should I buy an ELSS?

Investing in small bits at regular intervals is smarter than devoting a huge chunk at a single go. That's why Systematic Investment Plans (SIPs) can be a great entry point as they are a safer bet in a relatively unpredictable market. Most SIPs can be started with an initial investment of Rs. 5,000 and periodic investment of Rs. 500.


 

 

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

TATA Short - Term Bond Fund – Invest Online

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TATA Short - Term Bond Fund – Invest Online

 

Launched in August 2002, Tata Short- Term Bond Fund is an open- ended short- term income fund. It has been ranked CRISIL Fund Rank 2 ( good performance) in the short- term income fund category by the CRISIL Mutual Fund Ranking for the quarter ended September. The fund, managed by Raghupathi Acharya ( since May) and Akhil Mittal ( since June), has been ranked in the top 30 percentile (CRISIL Fund Rank 1 and CRISIL Fund Rank 2) of its peer group for seven quarters under the short- term income category.

The fund's average assets under management ( AUM) increased from 320 crore for the quarter ended September 2013 to 1,366 crore for the quarter ended September 2014. The category's AUM decreased 22.77 per cent.

Fund objective

The investment objective is to create a portfolio of debt as well as money market instruments to provide reasonable returns and liquidity to unit holders.

The fund intends to invest in debt instruments ( including bonds, debentures and government securities) and money market instruments such as Treasury bills, commercial papers ( CPs), certificates of deposit ( CDs), repos of different maturities and as permitted by regulation to spread the risk across different kinds of issuers in the debt market. Investors can consider short- term income funds to take advantage of high interest rates as these funds invest in the shorter- tenure paper and hold them until maturity, making it less susceptible to interest rate changes.

Risk/ return attributes

The fund has outperformed its benchmark ( CRISIL Short Term Bond Fund Index) and the category across various time frames – six months; one, three, five and 10 years as on November 20. Over three years, the fund has earned 9.72 per cent compound annualised return vis- à- vis the category's 9.42 per cent and the CRISIL Short Term Bond Fund Index's 9.25 per cent.

A sum of 1,000 invested in the fund at its inception would have grown to 2,522 by November 20 compared to 2,271 for the benchmark and the category's average of 2,427.

The fund is also less volatile than its category; annualised volatility of the fund for the year ended November 20 is 0.85 per cent whereas the category's average is one per cent.

Portfolio analysis

The fund has dynamically churned its portfolio between CPs, CDs and non- convertible debentures ( NCDs) to benefit from variation in interest rates. It increased its exposure to NCDs to 63.13 per cent in April 2014 from 42.43 per cent in November 2013, while reducing its exposure to CDs from 29.45 per cent to 12.51 per cent. This dynamic asset allocation has also had an impact on its average maturity, which changed from 1.29 years to 1.95 years in the aforesaid period. The fund has maintained its average maturity on average at 1.81 years after April, which has helped it to garner superior returns due to the subsequent decline in interest rates.

In terms of the credit profile, the fund continued to maintain a majority portion of its assets in the highest- rated papers. Over one year ended September, an average 72 per cent of its portfolio has been invested in the highest- rated paper


 

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Last Week for sending Tax Returns Verification of 2014

Download Tax Saving Mutual Fund Application Forms

Invest In Tax Saving Mutual Funds Online

Buy Gold Mutual Funds

Leave a missed Call on

94 8300 8300

 

Week to go for sending Tax Returns Verification

120-day window will end this month. If you pass this, your returns will be considered not filed

November 30 is the deadline for sending the income- tax returns verification ( ITR- V) for 2013- 14, as it will be four months or 120 days since July 31, the deadline to file IT returns. And if you don't send your ITR- V till then, your returns will be considered not filed. ITR- V is an acknowledgement of the returns filed.

The I- T department allows you to send ITR- V in 120 days of filing your returns online. If not done, your registration with the department is cancelled.

Around five per cent of tax assesses do not file their ITR- V. Many don't know they need to send the ITRV to the tax departments Bengaluru office after filing returns online. Citizens earning a salary of more than 5 lakh a year need to file returns online.

Sometimes, the department extends the 120- day deadline.

Those who had e- filed returns in 2010 were allowed to send acknowledgements till July 2011. This year also, the department started a campaign reminding taxpayers who had filed their returns without digital signatures and had not sent the signed copy of the ITR- V. The department extended the deadline to October 31.

Not mailing ITR- V on time has many negatives. You might be fined 5,000 a return for failing to file returns by the end of the assessment year.

You have a two- year window to file belated returns, failing which there is no way to do so, One can file income tax returns by

( a) filing it on time at the end of each financial year

( b) till two years after the financial year or

( c) against a notice from the department if the two- year window expires.

 But if there are any errors in the belated returns, you can't revise. If you do not file returns on time, you cannot carry forward capital losses incurred, if any, in a financial year to be adjusted against capital gains made in the subsequent years. The good part: Loss from sale of house property can be carried forward even if returns are not filed on time.

If you are liable for a refund, it stands a good chance of being delayed, as you've filed returns after the due date.

You should sign the ITR- V before posting it.

Acknowledgments signed in black ink are considered scanned copies or photocopies of ITR- V and tend to get rejected. Folding the sheet leads to print ink getting erased on the creases. The department informs you about the rejection by post, which might not reach you in time to act within 120 days.

 



 

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now
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Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now