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Tuesday 31 January 2017

Tata Dividend Yield Fund



 
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1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund



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Birla Sun Life Equity Fund Dividend


Birla Sun Life Equity Fund Dividend




Dividend declared for Birla Sun Life Equity Fund (An Open-Ended Growth Scheme) The dividend has been declared by the trustees of Birla Sun Life Mutual Fund with the record date of 30th November, 2016.





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Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 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. BNP Paribas Long Term Equity Fund



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Best Tax Saver Options for 2017

Best 10 ELSS Funds of 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Birla Sun Life Tax Relief 96

4. ICICI Prudential Long Term Equity Fund

5. Axis Tax Saver Fund

6. BNP Paribas Long Term Equity Fund

7. FundFranklin India TaxShield

8. Reliance Tax Saver (ELSS) Fund

9.  Birla Sun Life Tax Plan

10. Tata India Tax Savings Fund 

ICICI PRUDENTIAL TOP 100 Fund


Invest ICICI PRUDENTIAL TOP 100 Fund Online



Although classified as a multi-cap fund, this fund is distinctly large-cap focused. It has been among the consistent outperformers in the large-cap category in recent years, with a healthy alpha (index outperformance). It adopts a value-conscious investment style, where the fund managers initially identify sectors which provide a contrarian play--priced cheap in relation to growth prospects--and then pick quality sectoral stocks that offer value on a relative basis.

This value-driven approach is evident in the portfolio's lower average market capitalisation compared to its category. While this approach is fraught with risk, the presence of a highly skilled manager and proven execution of the strategy should comfort investors looking for a large-cap fund.



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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to invest in India for 2017 - 2018

1. DSP BlackRock Tax Saver Fund

2. Axis Tax Saver Fund

3. Invesco India Tax Plan

4. BNP Paribas Long Term Equity Fund

5. Tata India Tax Savings Fund

6. Franklin India TaxShield

7. ICICI Prudential Long Term Equity Fund

8. IDFC Tax Advantage (ELSS) Fund

9. Birla Sun Life Tax Relief 96

10. Reliance Tax Saver (ELSS) Fund


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

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High Alpha Funds or Low Beta Funds


 
 
For investors in actively managed equity mutual funds, the worth of a fund lies in how much return it is able to generate over that given by the relevant benchmark. So, at a basic level, the choice of fund will have to be driven by how much value a fund manager is adding vis-a-vis an index.

Alpha, which measures this value addition, is often taken as a metric to gauge fund performance. Investors who seek outperformance would be drawn towards funds running a higher alpha. But can investors always benefit from the pursuit of high alpha?

IMPORTANCE OF ALPHA

Simply told, alpha is the excess return delivered by a fund over its benchmark index. But more precisely , it is the excess return or value generated by a fund manager over the fund's expected return. This expected performance is based on the risk taken by the fund manager relative to the market, which is defined by beta.

Thus, a fund's alpha is derived from its underlying beta. A beta value of 1.5 indicates the fund would deliver 1.5% return for every 1% gain in the value of its underlying index.

Suppose a fund with a beta of 1.5 delivers a return of 18% over a certain period while its underlying benchmark index posts 12% returns. Given the beta, the fund manager would be expected to deliver a return of 18% (12%*1. 5). So, in this case, the fund manager has actually failed to generate alpha even though the fund has delivered 6% excess return over its benchmark.

If the fund delivered a return of 20% for the same underlying risk, the alpha generated would be 2%. Which implies that alpha represents the fund manager's expertise in stock selection or portfolio building. Most top-performing funds over longer time periods boast of a high alpha. In most cases, if a fund has generated high alpha in the past, it is likely to generate the same in the future too. Thus, it would bode well for investors to pay attention to a fund's alpha when selecting equity funds.

However, experts insist that consistency in delivering alpha is critical. Certain funds are good at delivering alpha only during a market uptrend.The fund should show consistency in generating alpha across various time frames and market cycles. Alpha can be a good indicator of a fund manager's ability provided there is consistency in the philosophy and processes driving the portfolio selection. Also, bear in mind that extent of alpha varies between fund categories. Typically, mid-cap oriented equity funds are able to deliver higher alpha than large-cap oriented ones. While mid-cap funds can comfortably clock alpha in excess of 8-10%, alpha in large-cap funds is typically lower.

WHERE ALPHA MAY NOT WORK

Alpha as a metric has a few shortcomings, which can make its extensive use counter-productive. First, alpha depends on the underlying benchmark index for the fund. Even though we may measure it in absolute terms, alpha is actually a relative measure dependent on market proxy . This can have several implications.

It can prevent effective comparison between funds, even within the same fund category . Since different equity funds within the same category also tend to be benchmarked against different indices, the alpha statistic will measure outperformance relative to that benchmark. You can end up comparing apples to oranges.

Besides, since it measures performance relative to beta, the accuracy of alpha depends on the credibility of the beta measure. The beta value of a fund may be flawed if its correlation to the underlying index is very low. So, a fund's alpha may be misleading if it does not have high correlation to the benchmark it is being compared with.
 

Another gripe analysts have with using alpha is that it is ignorant of the risk-adjusted performance. While it measures excess return given the level of market risk, it makes no adjustment for the risk involved in delivering that additional performance. As such, experts insist that alpha should not be used in isolation while picking funds.It should be supplemented with other metrics to really gain true understanding of the performance of the fund. Investors give equal importance to the underlying risk.  Go with a fund offering healthy alpha but lower beta.

Birla Sun Life Pure Value, for example, has delivered a healthy alpha of 10% over the past five years with a beta of 1.06. Its peer in the same category , BNP Paribas Midcap Fund has delivered similar return although at a lower beta of 0.83. Belapurkar says just looking at alpha does not provide the entire picture. Investors need to dissect the number further to see where the alpha is actually coming from. If it is due to a high risk taken by the fund manager, then it could be a red flag. Investors need to consider other risk factors apart from beta.

For instance, a large-cap fund taking high exposure to midor smallcap stocks would likely fetch a high alpha but that doesn't reflect the fund manager's acumen. Finally, investors should understand that past performance is not and never should be relied on as indicator of future performance.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saver Mutual Funds to invest in India for 2017

Best 10 ELSS Mutual Funds in India for 2017

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

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Invest Online

Download Application Forms

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

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Bajaj Finance FD



The revised interest rates of Bajaj Finance Ltd FD are effective from 5th February'17.


Rate of Interest per annum valid up to INR 5 Crore (w.e.f 6th Feb'17)

Tenor in months

Cumulative

Non-Cumulative

Monthly

Quarterly

Half Yearly

Annual

12 - 23

7.80%

7.53%

7.58%

7.65%

7.80%

24 – 35

8.00%

7.72%

7.77%

7.85%

8.00%

36 – 60

8.05%

7.77%

7.82%

7.89%

8.05%





------------------------------------
Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 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. BNP Paribas Long Term Equity Fund



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

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Leave your comment with mail ID and we will answer them

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Invest [at] SaveTaxGetRich [dot] Com

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Call us on 94 8300 8300

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Axis Long Term Equity Fund Online

Invest Axis Long Term Equity Fund Online
 
 
 The scheme aims to generate regular long term capital growth from a diversified portfolio of equity and equity related securities. The Scheme Will invest in companies with strong growth & a sustainable business model.
 
 

A fund which has grown in short order to become the largest in the ELSS category, Axis Long Term Equity has the performance record to back its asset size. The fund has been lodged strongly at a five-star rating for the last three years. The fund's strategy of buying quality stocks with a growth bias has paid off handsomely, with the fund outpacing its category by big margins in every year since launch. While selecting stocks, the fund looks for a superior and scalable business, a high return on capital and secular growth. The fund is also large-cap oriented, with large-cap allocations actually climbing from 55 to 70 per cent in the last couple of years. Mid caps get a 30-40 per cent allocation in the portfolio, with negligible small caps.

 

The fund, being a later entrant, has managed to skip the bear market of 2008. Its performance in 2011, however, showed that it is able to contain loses in a falling market. It has delivered convincing outperformance of both benchmark and peers in most bull years - be it 2010, 2013 or 2014. However, this outperformance is also attributable to the exceptional returns delivered by the fund's 'growth and quality' style of investing in the last five years. The fund has been overweight on domestic consumer stocks such as private banks, housing and automobiles, which have been the front runners of this bull market.

 

Overall it's a solid fund if you like to own quality businesses in the listed space.

-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

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

Invest Online

Download Application Forms

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

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OR

Leave a missed Call on 94 8300 8300

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