With election results the markets have been bouyant and it reflects that the faith in policy reforms. We believe that this will support investment sentiment going forward. There could be some volatility due to global factors but India remains strong on macroeconomic front. We believe that strong government could attract foreign investment to India. With the implementation of goods and services tax (GST), will support long-term structural reforms as aimed by the government. With the government's focus on the policy front would assist the unorganised economy move into organised and mainstream economy, thus boosting growth. Investors should look beyond near term concerns, as situation will return to normal and the economy will start moving smoothly again.
The economy has reached the inflection point and is expected to grow over next 3 to 5 years and this strengthens our conviction in launching ICICI Prudential Value Fund - Series 12, a ~3.5 year close ended equity fund that aims to provide long-term capital appreciation by taking exposure in those stocks/sectors that are more levered to the economy and are likely to grow at a faster pace.
ICICI Prudential Value Fund - Series 12
The Scheme is a ~3.5 year close ended equity scheme that aims to provide long-term capital appreciation by taking exposure in those stocks/sectors that are more levered to the economy and are likely to grow at a faster pace. The Scheme aims to:
The fund can invest across market capitalisation.
The fund will be choosing stocks bottom up.
The fund will invest in sectors that are likely to get benefited from India's economic recovery and expected to do well in the next 3 years. Sectors which can be benefited are
• Shift from Unorganised to Organised Sectors
• Infrastructure Sector
Declare commensurate dividends*.
*Dividends will be declared subject to availability of distributable surplus and approval from Trustees.
Top 10 Tax Saver Mutual Funds for 2017 - 2018
Best 10 ELSS Mutual Funds to invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. ICICI Prudential Long Term Equity Fund
5. Birla Sun Life Tax Relief 96
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2017 Tax Saver Mutual Funds Online
For further information contact SaveTaxGetRich on 94 8300 8300
Leave your comment with mail ID and we will answer them
You can write to us at
Invest [at] SaveTaxGetRich [dot] Com
Call us on 94 8300 8300