In India people invest only for save tax. All mutual fund have ELSS scheme but last one month performance of good scheme are not good. Some under perform ELSS fund out perform right now. Related this Top 5 ELSS scheme performance of one month as below.
Sundaram Tax Saver -7.48%
Can Robeco Equity Tax Saver -9.02%
Religare Tax Plan -9.14%
Tata Tax Savings -9.18%
Axis Tax Saver -9.29%
All ELSS perform negative return but here most valuable thing is that before that all says about Reliance, Birla and HDFC ELSS fund they are not get place on top 5 rank. It means they lost their charm and not perform well.
Wednesday, August 31, 2011
Saturday, August 27, 2011
Upcoming Dividend
ICICI Pru Dynamic Fund
This is the best perform fund in all scheme the aim of fund to invest primarily in equities and for defensive consideration in fixed income securities including money market instruments with the aim of generating capital appreciation. The actual percentage of investments in will be decided after considering the prevailing market and economic conditions.
Scheme Name : ICICI Pru Dynamic(D)
Current NAV : 15.93
Div % or Div in Rs. : 5% or Rs. 0.5 per unit
Dividend Yield % : 3.14
Record Date : 30 Aug 2011
This is the best perform fund in all scheme the aim of fund to invest primarily in equities and for defensive consideration in fixed income securities including money market instruments with the aim of generating capital appreciation. The actual percentage of investments in will be decided after considering the prevailing market and economic conditions.
Scheme Name : ICICI Pru Dynamic(D)
Current NAV : 15.93
Div % or Div in Rs. : 5% or Rs. 0.5 per unit
Dividend Yield % : 3.14
Record Date : 30 Aug 2011
Friday, August 26, 2011
Launch of SBI Gold Fund
SBI Gold Fund from August 22, 2011. SBI Gold Fund is a fund of fund which will invest in the units of SBI Gold Exchange Traded Scheme (SBI GETS).
Brief on SBI Gold Fund :
The two most important concerns while buying gold are purity and safety (in terms of storage). To address both these concerns , SBI GETS (Gold ETF ) was launched where investments are made in dematerialized (demat) form. Considering that dematerialization is a new concept in India and there is very low penetration of demat accounts amongst Indian investors. This low penetration has prevented access to gold as an asset class for investors who don’t have a demat account. Continuing our endeavor to provide investors an access to this investment vehicle, SBI Mutual Fund is launching a SBI Gold Fund. SBI Gold Fund is an investment avenue for the investors, where investors can invest in gold ( through gold ETF ) without a demat account, This fund also offers the facility of Systematic investment plan.
Key feature of the fund are as under :
· Type of Fund : Open ended Fund of fund
· Investment Objective: The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by SBI Gold Exchange Traded Scheme (SBI GETS).
· NFO Launch date: August 22, 2011
· NFO closes on: September 05, 2011
· Scheme Re-opens on: September 19, 2011
· Fund Manager: Ravi Prakash Sharma
· Minimum investment: Rs. 5000 and in multiples of Re. 1 thereafter.
SIP Dates: SIP cycle of 5th/ 10th/ 15th / 20th /25th/30th (for February last business day)
·
Plan and Options Offered: Growth and Dividend Plan (under dividend- reinvestment & payout facility both are available)
·
Benchmark: The Scheme’s performance will be benchmarked against the price of physical gold. The price here refers to the morning fixing of Gold by London Bullion Market association (LBMA).
Load Structure
During NFO as well as ongoing basis
o Entry Load : Nil
o Exit Load
§ Exit within 1 year from the date of allotment – 1 %
§ Exit after 1 year from the date of allotment - Nil
Brief on SBI Gold Fund :
The two most important concerns while buying gold are purity and safety (in terms of storage). To address both these concerns , SBI GETS (Gold ETF ) was launched where investments are made in dematerialized (demat) form. Considering that dematerialization is a new concept in India and there is very low penetration of demat accounts amongst Indian investors. This low penetration has prevented access to gold as an asset class for investors who don’t have a demat account. Continuing our endeavor to provide investors an access to this investment vehicle, SBI Mutual Fund is launching a SBI Gold Fund. SBI Gold Fund is an investment avenue for the investors, where investors can invest in gold ( through gold ETF ) without a demat account, This fund also offers the facility of Systematic investment plan.
Key feature of the fund are as under :
· Type of Fund : Open ended Fund of fund
· Investment Objective: The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by SBI Gold Exchange Traded Scheme (SBI GETS).
· NFO Launch date: August 22, 2011
· NFO closes on: September 05, 2011
· Scheme Re-opens on: September 19, 2011
· Fund Manager: Ravi Prakash Sharma
· Minimum investment: Rs. 5000 and in multiples of Re. 1 thereafter.
SIP Dates: SIP cycle of 5th/ 10th/ 15th / 20th /25th/30th (for February last business day)
·
Plan and Options Offered: Growth and Dividend Plan (under dividend- reinvestment & payout facility both are available)
·
Benchmark: The Scheme’s performance will be benchmarked against the price of physical gold. The price here refers to the morning fixing of Gold by London Bullion Market association (LBMA).
Load Structure
During NFO as well as ongoing basis
o Entry Load : Nil
o Exit Load
§ Exit within 1 year from the date of allotment – 1 %
§ Exit after 1 year from the date of allotment - Nil
Wednesday, August 3, 2011
Top 5 mutual funds of the week
Planning to invest in mutual funds and confused which scheme to invest your money in? How about taking a look at today's top five mutual funds according to Mutual funds India.
UTI Wealth Builder Fund - Series II - Growth :
UTI Wealth Builder Fund - Series II - Growth is an open ended equity oriented scheme. The investment objective of the Fund is to achieve long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments along with investments in Gold ETFs and Debt and Money Market instruments. The fund manager of the scheme is Harsha Upadhyaya. The scheme was initiated on 17 December 2008. The scheme grew by 0.91 percent in the last one month and over the year the scheme grew by 12.19 percent. The latest Net Asset Value of the scheme is 20.07 as on 2 Aug 2011. The ratio P/E is 26.97 as on June 2011. The key holdings are ITC, Petronet Lng, Gujarat Ambuja Cements, Titan Industries, Housing Development Finance Corporation.
Canara Robeco InDiGo Fund - Growth :
Canara Robeco InDiGo Fund - Growth is an open ended scheme. The investment is to generate income from a portfolio constituted of debt & money market securities along with investments in Gold ETFs. However, there can be no assurance that the investment objective of the Scheme will be achieved. The fund manager of the scheme is Ritesh Jain. The latest Net Asset Value of the scheme is 11.09 as on 2 August 2011. The scheme grew by 2.53 percent in the last one month and over the year the scheme grew by 11.60 percent. Some of the key holdings are Benchmark Mutual Fund, Kotak Mahindra Mutual Fund, State Bank of Bikaner and Jaipur, Sesa Goa, State Bank of Hyderabad.
HDFC Balanced Fund - Growth :
HDFC Balanced Fund - Growth an open ended scheme whose primary objective is to generate capital appreciation along with current income form a combined portfolio of equity & equity related and debt & money market instruments. The fund managers of the scheme are Chirag Setalvad, Anand Laddha. The scheme was initiated on 11 September 2000. The fund size of the scheme as on 30 June 2011 is 351.07. The latest Net Asset Value of the scheme as on 2 August 2011 is 57.75. The scheme grew by 0.23 percent in the last one month and over the year the scheme grew by 11.07 percent. The ratio of P/E is 20.40 as on June 2011. Some of the key holdings are State Bank of Patiala, Tata Motors, Canara Bank, Bajaj Finance, Tata Consultancy Services.
HDFC Multiple Yield Fund - Growth :
HDFC Multiple Yield Fund - Growth an open ended scheme with an investment objective to generate positive returns with very low risk of capital loss over medium time frame. The fund managers of the scheme are Vinay Kulkarni, Anand Laddha, Anil Bamboli. The scheme was initiated in 17 September 2004. The fund size of the scheme is 51.94 as on 30 June 2011. The latest Net Asset Value is 18.53 as on 2 August 2011. The scheme grew by 0.70 percent in the last one month and over the year the scheme grew by 8.05 percent. The ratio of P/E is 24.88 as on June 2011. Some of the key holdings are Corporation Bank, Bank of India, ICICI BANK, Mahindra & Mahindra Financial Services.
Escorts Liquid Plan - Growth :
Escorts Liquid Plan - Growth is an open ended scheme. The primary investment objective of the scheme is to provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market and debt instruments. This income may be complemented by possible capital appreciation. The aim is to optimize returns while providing liquidity. Surabhi Chaddha is the fund manager of the scheme.The scheme was started in 3 October 2005. The fund size of the scheme is 31.62 as on 31 March 2011. The latest Net Asset Value is 15.39 as on 2 August 2011. The scheme grew by 0.87 percent in the last one month and over the year the scheme grew by 9.47 percent. Some of the key holdings are Religare Finvest, Edelweiss Capital, Future Capital Holdings, First Leasing Company of India, Everest Industries.
UTI Wealth Builder Fund - Series II - Growth :
UTI Wealth Builder Fund - Series II - Growth is an open ended equity oriented scheme. The investment objective of the Fund is to achieve long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments along with investments in Gold ETFs and Debt and Money Market instruments. The fund manager of the scheme is Harsha Upadhyaya. The scheme was initiated on 17 December 2008. The scheme grew by 0.91 percent in the last one month and over the year the scheme grew by 12.19 percent. The latest Net Asset Value of the scheme is 20.07 as on 2 Aug 2011. The ratio P/E is 26.97 as on June 2011. The key holdings are ITC, Petronet Lng, Gujarat Ambuja Cements, Titan Industries, Housing Development Finance Corporation.
Canara Robeco InDiGo Fund - Growth :
Canara Robeco InDiGo Fund - Growth is an open ended scheme. The investment is to generate income from a portfolio constituted of debt & money market securities along with investments in Gold ETFs. However, there can be no assurance that the investment objective of the Scheme will be achieved. The fund manager of the scheme is Ritesh Jain. The latest Net Asset Value of the scheme is 11.09 as on 2 August 2011. The scheme grew by 2.53 percent in the last one month and over the year the scheme grew by 11.60 percent. Some of the key holdings are Benchmark Mutual Fund, Kotak Mahindra Mutual Fund, State Bank of Bikaner and Jaipur, Sesa Goa, State Bank of Hyderabad.
HDFC Balanced Fund - Growth :
HDFC Balanced Fund - Growth an open ended scheme whose primary objective is to generate capital appreciation along with current income form a combined portfolio of equity & equity related and debt & money market instruments. The fund managers of the scheme are Chirag Setalvad, Anand Laddha. The scheme was initiated on 11 September 2000. The fund size of the scheme as on 30 June 2011 is 351.07. The latest Net Asset Value of the scheme as on 2 August 2011 is 57.75. The scheme grew by 0.23 percent in the last one month and over the year the scheme grew by 11.07 percent. The ratio of P/E is 20.40 as on June 2011. Some of the key holdings are State Bank of Patiala, Tata Motors, Canara Bank, Bajaj Finance, Tata Consultancy Services.
HDFC Multiple Yield Fund - Growth :
HDFC Multiple Yield Fund - Growth an open ended scheme with an investment objective to generate positive returns with very low risk of capital loss over medium time frame. The fund managers of the scheme are Vinay Kulkarni, Anand Laddha, Anil Bamboli. The scheme was initiated in 17 September 2004. The fund size of the scheme is 51.94 as on 30 June 2011. The latest Net Asset Value is 18.53 as on 2 August 2011. The scheme grew by 0.70 percent in the last one month and over the year the scheme grew by 8.05 percent. The ratio of P/E is 24.88 as on June 2011. Some of the key holdings are Corporation Bank, Bank of India, ICICI BANK, Mahindra & Mahindra Financial Services.
Escorts Liquid Plan - Growth :
Escorts Liquid Plan - Growth is an open ended scheme. The primary investment objective of the scheme is to provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market and debt instruments. This income may be complemented by possible capital appreciation. The aim is to optimize returns while providing liquidity. Surabhi Chaddha is the fund manager of the scheme.The scheme was started in 3 October 2005. The fund size of the scheme is 31.62 as on 31 March 2011. The latest Net Asset Value is 15.39 as on 2 August 2011. The scheme grew by 0.87 percent in the last one month and over the year the scheme grew by 9.47 percent. Some of the key holdings are Religare Finvest, Edelweiss Capital, Future Capital Holdings, First Leasing Company of India, Everest Industries.
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