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Friday, July 31, 2015

Sundaram Select Focus

 Sundaram Select Focus
 

Sundaram Select Focus launched in July 2002 is a concentrated Large Cap fund with a 13 year track record. The fund is a portfolio of Bluechips that invests in few themes and not more than 50 stocks at any point in time.

Top 10 Holdings as on June 30th 2015 carry more than 40% weightage and consist of the following stocks:-

 
HDFC Bank - 7.4% Infosys - 6.8%
Reliance Industries - 6.4% ICICI Bank - 5.4%
TCS - 4.9% Larsen & Toubro - 4.6%
State Bank of India - 3.8% Axis Bank - 3.6%
HDFC - 3.2% Bharti Airtel - 2.4%

The illustration below shows the outperformance of Sundaram Select Focus vis-a-vis its Benchmark (CNX Nifty) since launch.

A Fund Performance - Key Highlights

  • Sundaram Select Focus Delivered an Annualised return of 21.7% since launch, Vs. its benchmark (CNX Nifty) 18.2% since launch.
  • An Investment of Rs. 10,000 at launch is now Rs 1.26 Lakhs.
  • As SIP of Rs 1000 a month since inception is worth Rs 4,83,179 giving a CAGR of 16.3% while its benchmark (CNX Nifty) delivered 14.6%
  • Declared a cumulative dividend of 315% (Rs 31.5 per unit in total) since inception on the face value of Rs 10 per unit.

 

 

 

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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IDBI Top 100

 

 

The fund's ability to ride out prolonged bear phases is yet to be tested

IDBI Top 100, a large-cap-oriented fund, has a short track record of just over three years.

But during this period, the fund has been nimble on its feet, be it stock choices or sector preferences. Over the three-year period, it has earned a return of about 25 per cent, beating its category average by a margin of 6 percentage points.

It has also outperformed its benchmark, the CNX 100 index, by a comfortable margin over one and three-year timeframes. Investors in the fund can continue to hold their units.

Performance and strategy

A 'Top 100' tag normally means that a fund would predominantly invest in the top 100 stocks by market capitalisation. In other words, it has a mandate to focus on large-cap stocks (stocks with market capitalisation of 10,000 crore and above). IDBI Top 100 has remained faithful to large-caps to a 'T'.

Since its launch in May 2012, the fund has always stuck to large-cap stocks, barring investment in the Tata Global Beverages stock for a brief while in 2013-14. Its returns over the one and three-year periods are better than peers, such as UTI Top 100, ICICI Pru Top 100 and DSPBR Top 100, even as these funds tend to take a bit of mid-cap exposure to give a boost to returns.

The superior performance is possibly because the fund has made up for the low-risk strategy by remaining fully invested in equities. The fund has not taken refuge substantially in cash or debt in choppy markets. Equity holdings have predominantly been over 95 per cent.

However, the fund's mettle in riding out prolonged bearish phases is yet to be tested.

The fund's sector and stock choices, again, reflect the balance it tries to achieve between risk and return.

Its top sectors so far have been a blend of cyclicals and defensives — banks, auto, pharma and consumer non-durables. Stakes in pharma, for example, went up during the 2013 volatility and holdings in auto moved up in 2014. Even in the in-favour auto space, it has churned stocks quite well, rightly reducing stakes in Hero MotoCorp and exiting Bajaj Auto which have grim outlooks or cutting down on richly valued stocks such as Bosch. It has also pruned exposure to software in the last six months.

It normally holds a portfolio of about 40 stocks with stakes in any one stock rarely exceeding 5-6 per cent. The fund's modus operandi shows that it suits investors who don't fancy a high-risk, high-return proposition.

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 -

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Download Application Forms

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

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Birla Sun Life Gilt Plus

 Birla Mutual Fund has decided to change the name of Birla Sun Life Gilt Plus - Regular Plan to Birla Sun Life Constant Maturity 10 Year Gilt Fund. The change will be effective from August 6, 2015.
 

The fund house has also decided to revise the exit load of Birla Sun Life Enhanced Arbitrage Fund to 0.50% if redeemed within 30 days from the date of allotment.

 

Presently it is 0.50% if redeeemed with 90 days from the date of allotment. The change will be effective from August 3, 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

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Tata Retirement Savings Fund

 Tata Mutual Fund has decided to merge Tata MIP Plus Fund withTata Retirement Savings Fund - Conservative Plan, with effect from August 28, 2015.
 Investors of Tata MIP Plus Fund can redeem / switch out units from July 29, 2015 to August 27, 2015 without paying any exit load.

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

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PrajnaCapital [at] Gmail [dot] Com

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Thursday, July 30, 2015

SBI Corporate Bond Fund

 The scheme will actively manage a portfolio of good quality corporate debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders.
 

In a category where most funds pride themselves on actively managing both duration and credit, this fund takes a more passive approach to earn higher yields. It relies mainly on accrual rather than duration calls to make its returns. Having said this, the fund's view on interest rates is bullish and it expects benign global demand conditions and lower prices of crude oil and commodities to support lower inflation. It believes there is scope for a further fall in interest rates.

This is a consistent performer in the income category, beating both its benchmark and category in eight of the last ten years. The underperformance has mainly come during the most bullish phases in the rate cycle and reflects the fund's low portfolio maturity. Average maturity has fluctuated a bit over the years, moving up from under one year until mid-2014 to about three-four years now. However, this could be a function of new inflows rather than active duration bets by the manager.

While the fund's returns since launch are muted at 7.6 per cent, the five-year record, at 9.5 per cent, is among the best in the category. Asset size is a constraint as the fund's average assets have hovered between R20 crore and R200 crore in the last three years. Fluctuating size can force unnecessary churn in the portfolio, which can be difficult to deal with in the less-liquid corporate bond segment. While portfolio yield to maturity is high at 10.2 per cent (April 2015), the small size translates into a not-so-economical expense ratio of 1.38 per cent.

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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Birla Sun Life Dividend

 

Birla Sun Life Mutual Fund has announced dividend under the following schemes:

SchemeDividend (R/unit)
Birla SL New Millennium-D2
Birla SL Enhanced Arbitrage -D0.067
Birla SL Enhanced Arbitrage Direct-D0.067

 

 

The record date has been fixed as July 31, 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

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Wednesday, July 29, 2015

International Funds

 

International funds can help you diversify your portfolio & shield against poor performance of Indian companies, markets or the rupee

 We do recommend international funds to our investors as they help you diversify your portfolio and shield against poor performance of Indian companies, markets or the rupee. Indian markets won't be the best-performing markets at all times and there may be phases when other stock markets beat Indian equities. Having an international fund in your portfolio will thus de-risk your investment and provide you with global exposure
 

You can acquire international exposure in three ways: First, by buying funds that invest 65 per cent of their portfolios in Indian stocks and the rest globally. In this case you will enjoy the tax breaks available to domestic equity funds.Templeton India Equity Income or Birla Sun Life International Equity Fund are the funds that follow this approach.

Second, you can invest in a feeder fund playing on a region or currency that you think will deliver good returns. We are recommending US equity funds at this juncture because of the high-quality stocks available in the US market as well as dollar strength. Franklin US Equities Fund and ICICI Prudential US Bluechip Equity Fund are good options. But remember that such funds are not eligible for the tax benefits of domestic equity funds.

Third, funds playing on a theme such as energy, agriculture or commodities, such as DSP BlackRock World Energy Fund orBlackRock Agriculture Fund or L&T Global Real Assets Fund are also an option. But invest in them only if you have special knowledge about the theme.

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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