For retail investors too, the near 7.9% returns could lead to capital appreciation as Indian yields could in all likelihood get lower.
Foreign funds, which were net sellers in the past, have turned buyers in the last four sessions. A lot of uncertainties from global developments have impacted G-Sec yields in the past six-seven months. Uncertainties will reduce after the Fed meet and a directional rally should begin post the Budget. Levels are now quite attractive to enter MF debt schemes like income or G-Sec funds.
Between December 8 and 11, foreign portfolio investors bought about `1,188 crore worth of debt securities compared with `1,320 crore equities net sold by them during the same period. The benchmark government bond yield has risen, pushing prices down to the level seen in January , before RBI started slashing rates. The yield has been hovering around 7.80%. The central bank has cut rates by 125 basis points this year.
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. IDFC Tax Advantage (ELSS) Fund
4. ICICI Prudential Long Term Equity Fund
5. Religare Tax Plan
6. Franklin India TaxShield
7. DSP BlackRock Tax Saver Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. HDFC TaxSaver
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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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