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Sunday, May 31, 2015

Reliance Mutual Fund roll over

Reliance Mutual Fund has announced roll over of Reliance FHF XXVI - Series 25 by 783 days. The scheme will now mature on July 24, 2017.

 

The Fund House also declared dividend under Reliance FHF XXVI Series 25-D and Reliance FHF XXVI Series 25-Direct D. The quantum of dividend will be the entire distributable surplus as on the record date.

 

The record date has been fixed as June 02, 2015.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

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

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Tools for Analysing Mutual Funds Performance

Mutual Funds Tools
 
 
 
imggallery 
 


Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

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

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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Do not hod under performing MFs too long

 
 
The flipside of moving out too soon is the tendency to remain invested in funds even though they consistently underperform. In the table below, we have looked at the five worst underperformers in the past five years. These five funds have close to `690 crore of investor money, which has grown at an average annual rate of 4.5% in the past five years.

Thankfully, some investors have noticed the underperformance and punished it. The SBI Magnum Comma has seen its corpus dwindle from `653 crore in December 2009 to `224 crore now, a fall of 66%. Sundaram Select Focus, another chronic underper former, has seen its AUM fall by almost 70%.Still, about `7,000 crore lies in the 25 worst performing funds. This money has grown slower than the Nifty in the past five years.

Why aren't investors dumping these laggards? The advice in the market is often not in the interest of the investor. An adviser will get the investor to put in money but rarely ask him to take it out.

Ideally, one should monitor the performance of funds once in a quarter and review the portfolio once in a year. If a fund consistently underperforms for 3-4 quarters, it may be time to replace it with a better scheme.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

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

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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Invest Mutual Funds Online

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Download Mutual Fund Application Forms from all AMCs

HDFC Mutual Fund Roll over

HDFC Mutual Fund has announced roll over of HDFC FMP 371D June 2014 (1) by 777 days. The scheme will now mature on August 1, 2017.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

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

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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

Invest Mutual Funds Online

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ICICI Prudential Capital Protection Oriented Fund dividend

The ICICI Prudential Fund House also announced dividend under the following schemes:

Scheme

Dividend (R/unit)

ICICI Prudential Capital Protection Oriented Fund - Series IX

0.05

The record date has been fixed as June 02, 2015.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

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

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Friday, May 29, 2015

Canara Robeco Balance Fund

    The scheme seeks to build a balanced portfolio, which would provide a combination of high annual return and capital appreciation. The scheme was made open-ended from March 2000.

If steady returns are the key attribute, then this fund meets this requisite. The fund has retained a four-star rating over most of the last ten years. Trailing returns show a consistent ability to beat the category and benchmark over one, three and five years.

Strategy: The fund doesn't vary its asset allocation much and has generally kept to a 75:25 allocation between equities and debt. The equity portfolio is biased towards large-cap companies, usually featuring a few value picks from the mid-cap segment. But the fund currently has a higher mid- and small-cap exposure because it believes India has entered into a secular bull run. The fund's mid-cap exposure stood at 31 per cent as of February 2015. One unique facet of this fund is that the debt portion is very actively managed too. Duration calls are actively taken to generate alpha. The modified duration of the portfolio has increased from 2.59 years last year to 4.51 years (as of February 2015), with an average maturity of 7.65 years. The portfolio is rebalanced as per economic conditions and investment opportunities.

Performance: The fund's one-year return of 51.1 per cent is 24 per cent ahead of the benchmark and nearly 8 per cent above the category. The three-year and five-year returns are over 2 per cent ahead of the category at 22.3 per cent and 16.2 per cent, respectively. The fund has been quite relentless in outpacing the category as well as its benchmark. The margin of outperformance, however, has not been large, except for the last one year. The portfolio suggests that the allocations between large-, mid- and small-cap stocks have been actively altered with market conditions.

What we don't like: Higher small-cap exposures and the high duration of the debt portfolio can lead to higher volatility if the calls don't play out.

Why invest? The fund is an ideal fit for investors looking for a benchmark-beating fund across market cycles.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

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

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Cutting Your Investment Losses

The difference between where you are and where you want to be is the pain you are unwilling to endure. Microcap investing isn't easy. If you aren't prepared to lose money while the market educates you, then you will never learn and succeed. Unfortunately, investing's greatest lessons can't be taught in a book or in a classroom. They have to be experienced and often times the teacher is loss.

My early investing career was very painful. I learned by making and losing money over and over again. The road to success isnt paved in gold. It is paved in blood, sweat, and tears. Losing money over and over wasnt fun, but there was no way of getting around these painful lessons. An investor must experience the emotional highs and lows for themselves before they can exploit those same emotions in others. Here is a chart of my maturation as an investor over the last 15 years:

My first big winner (the first spike on the chart) was a 15- bagger and it was 95% luck. The bad part of early success is you think it's skill. You get over confident and the market takes its money back. This is when most people just give up. Those that persevere will go through this a few more times each time learning something and forging an investment philosophy around their experiences. Eventually you start losing less money.

The reason why there aren't many great investors is successful investing is difficult. It is the opposite of human nature. It is hard to discipline your mind in such a way. You are only as strong as you are honest. It's human nature to blame others for your misfortunes in life and investing, but your best bet for a successful future is to fully own your past mistakes. If you blame others for your investment mistakes it is the same as admitting you didn't do enough of your own work. But even more importantly when you blame others you wont learn from your mistakes.

In 2010 my investment philosophy got a little sloppy and I made a series of bad investments and lost $600,000 over a 12-month period of time. In the months that followed I became very bitter and blamed everyone and everything but myself. It was easier to blame others than to look in the mirror. Investing is like golf; there is no one to blame for your score but yourself. I hit my own golf ball. I place my own trades. When I fully owned my losses, I learned from them, and slowly climbed back out of the hole.

Rule #1: Fully Own Your Past Mistakes.

'Take your losses quickly and your profits slowly because your objective is not just to be right but to make big money when you are right" - William O'Neil

The key to building wealth isn't just investing in great companies early, it's also cutting your losses early. Warren Buffett's famous quote "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." I think many read that quote and think, "Well duh, of course I don't want to lose money. Thanks for that brilliant advice." It is a simple concept, but I want to take it a step further. To illustrate, if you're down 50% in Year 1, you need to be up 100% in year 2 just to be back to break-even. You need to stay away from big losses because it takes a long time to bounce back from them. If you take a big loss one year it could take you a few years to get back to break-even. Those are precious years that you could be building capital instead of just getting back to break-even. Perhaps you could have retired five years sooner or became a full time investor years earlier. Big mistakes not only cost you financially but also cost you time. Time is one thing we cant get back. Andrew Stanton says "Be wrong as fast as you can". We investors are going to be wrong, and we are going to lose money from time to time.

The key is Rule #2: Take Your Losses Quickly.

It is human nature that pushes us to sell our winners and hold onto and/or buy more of our losers. Investors normally have an anchoring bias towards their cost basis. If you own two stocks both of which you have an initial cost basis of $1 per share and one now trades at $1.25 and the other at $0.75 human nature pushes you to sell the winner to buy more of the loser. Something in all of us says, "I want to average down on my losers so I can break even quicker". In most cases you should be doing the opposite, selling your losers and buying more of your winners.

Rule #3: Work on Eliminating Anchoring Biases.

Cutting your losses quickly can be hard especially if you are a concentrated investor. Its why I'm a big proponent of scaling into a position. I want to buy more as management and the business prove themselves. I love averaging up. I'm a concentrated investor and invest in a total of 5-7 companies. I am not perfect and don't expect perfection. I fully expect one, two, even three of my positions to be losers. I just don't know which ones. Living in this reality lets me work in a state of "Productive Paranoia" (read Great By Choice). The more concentrated and larger your investments in illiquid companies the more important it is to know your positions better than most. Spend twice as much time knowing what you own versus new ideas. What you don't own can't hurt you. As soon as I see cracks forming in the facade of my investment thesis, I start to sell. I cannot afford to wait until it is obvious to the masses. Limiting losses is just as important as fully realizing gains.

Rule #4: Know Your Positions Better Than Most.

Taking big losses is not only detrimental to your wealth but also to your psyche and confidence. After a big loss your confidence is shattered which slows your thinking and leaves you second-guessing your decisions. When you are Waiting For Your Pitch, you need to be able to make disciplined and timely decisions. In bear markets, pitches can look like softballs (more ideas and less competition for ideas) giving you ample time to swing. In bull markets you get less pitches and the ones that are thrown look like 102 mph fastballs. You have much less time to swing the bat. You cant be second-guessing yourself and your abilities.

Rule #5: Don't Lose Your Confidence.

"Analysis of over 25,000 men and women who had experienced failure disclosed the fact that lack of decision was near the head of the list of the thiry-one major causes of failure. Procrastination, the opposite of decision, is a common enemy which practically every man must conquer." - Napoleon Hill

Dont be too hard on yourself after your losses or you might be tempted to give yourself too much credit after your winners. You must control your ego while also not giving into your fear of failure. When you are sitting on a loser and you keep averaging down its your ego that says "I have to be right, keep buying", but the scoreboard says you are wrong. When I get in this mindset I need to remind myself that being broke and right is the same thing as being wrong. Investing is hard and no one is perfect. Fully own your mistakes so you can learn from them. When you know your positions better than most you'll know when to sell. Take your losses quickly when they are still small and you will be amazed at how quickly you can compound your capital.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

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

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

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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