Mutual Fund Review: ICICI PRUDENTIAL INDEX FUND

Investment Strategy:

ICICI Prudential Index Fund tracks the Nifty, and invested between 77% and 98% of the fund corpus in the index stocks in 2010. This fund never held more than 1% of the fund corpus as cash. However, this fund had exposure to Nifty futures in all the months of 2010. The percentage of the fund's corpus invested in Nifty futures was in excess of 14% during the first half of 2010. However, since June 2010, the fund's exposure to Nifty futures is below 10% of its corpus.

Asset Size:

The fund AUM is around Rs. 92 crore as at 31 March 2011.

Performance:

Tracking error is the performance metric for an Index fund. So, we considered the tracking error for this fund from 1 year, 3 year and 5 year perspectives. This fund has tracking errors on the positive side for all the three periods and the tracking errors for 3 and 5 year have been more than 1%. The reason for high positive tracking error is due to fund's investment into Nifty futures.

Over a 1 year period, this fund has given 18.73% returns while its benchmark, the S&P CNX NIFTY has given 17.94% and on a 5 year annualized basis, this fund has given 18.08% while the benchmark has given 16.66%.

SBI Magnum Tax Gain Scheme 1993 Applcation Form

https://sites.google.com/site/mutualfundapplications/tax-saving-mutual-funds-elss Investment Details Basics Min Investment (Rs) 500 Subsequent Investment (Rs) 500 Min Withdrawal (Rs) -- Min Balance -- Pricing Method Forward Purchase Cut-off Time (hrs) 15 Redemption Cut-off Time (hrs) 15 Redemption Time (days) -- Lock-in 1095 days Cheque Writing -- Systematic Investment Plan SIP Yes Initial Investment (Rs) -- Additional Investment (Rs) 500 No of Cheques 12 Note Monthly investment of Rs 1000 for 6 months and quarterly investment of Rs 1500 for 4 quarters.

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IDFC Premier Equity Fund dividend

IDFC Mutual Fund has announced dividend under the dividend option of IDFC Premier Equity Fund Direct-D . The quantum of dividend shall be R 4.3464 per unit. The record date has been fixed as May 06, 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]

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