Amid sharp volatility in key Indian benchmark indices, investors are increasingly looking for balanced mutual fund schemes to get some risk cover. Balanced funds, which typically invest ~35% of assets in debt and the rest in equities, are considered ideal for those seeking this risk cover during heightened volatility. The category invests in equities when valuations are reasonable and books profits when the markets are rising, limiting risk and aiming to provide good returns. This strategy has resulted in the fund delivering 5.48% compared to -3.25% by Nifty 50 over the past 1 year.
| 3 Months | 6 Months | 1 year | 2 years | 3 years |
BSL Balanced '95 | 6.47 | 4.75 | 5.48 | 12.64 | 20.99 |
HDFC Prudence | 6.15 | -0.20 | 1.09 | 5.85 | 19.60 |
I Pru Balanced Adv | 5.50 | 3.11 | 3.54 | 10.86 | 20.35 |
CRISIL Bal Fund Index | 4.02 | 3.67 | 1.35 | 6.02 | 11.77 |
Nifty 50 | 4.77 | 2.89 | -3.25 | 3.29 | 13.09 |
S&P BSE Sensex | 4.14 | 2.16 | -4.79 | 2.00 | 12.49 |
Since Inception, BSL Balanced '95 Fund has declared 28 dividends amounting to Rs 108.93 as dividend payouts. The fund is declaring its first quarterly dividend of 2016-17, an amount of Rs. 2.46/unit (approx. dividend yield of 1.78%), record date being 30 June 2016. Following are the fund features:
· Currently with an AUM of Rs 2,889 crores (as of 24 June'16), BSL Balanced '95 Fund is one of the oldest in the balanced fund category, with one of the best track records of performance in this category.
· The fund has outperformed 3 benchmark indices, CRISIL Balanced Fund index (65:35 Equity:Debt) Nifty 50 and S&P BSE Sensex (100% equity) across time periods, which clearly indicates its superior asset class re-balancing and superior portfolio selection ability in each of the asset classes by the fund managers (Mr. Mahesh Patil & Mr. Pranay Sinha).
· A SIP of Rs 10,000 every month in BSL Balanced '95 Fund, since inception i.e. for the past 21 years would have yielded Rs 3.64 Crores at a 21.01% (XIRR) compared to Rs 85 Lakhs by CRISIL Balanced Fund Index (SIP period – 28 Feb'95 to 31 May'16)
Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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
-----------------------------------------------