DSP BLACK ROCK TAX SAVER FUND

DSP BLACK ROCK TAX SAVER FUND enjoys an impressive track record, having outperformed its category average in seven of the past nine calendar years.

DSP BLACK ROCK TAX SAVER FUND maintains a heavy largecap bias, where its exposure is higher compared to peers in the same category. With around 70 stocks, the fund’s portfolio is heavily diversified but it retains a healthy exposure in its top picks, allowing higher impact of conviction bets on portfolio returns.

The portfolio turnover is on the higher side, which suggests the fund manager churns stocks often to capitalise on market trends.

DSP BLACK ROCK TAX SAVER FUND has managed to deliver higher alpha than many of its peers, despite its large-cap tilt. With a healthy risk-reward profile, this fund is a worthy pick for conservative investors looking for a tax saving fund.

18_09_2017_124_005_003.jpg

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

For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300

PE Ratio of a Mutual Fund

Invest Mutual Fund Online



Find out how this ratio can help you take an informed decision while investing in mutual funds.

Investors tend to attach much importance to the price-to-earnings (PE) ratio and market capitalisation of a stock while buying. When used in conjunc tion with other metrics, these numbers can help in picking the right stock at the right time.

But can they also help select the right mutual funds? You may find it difficult to ascertain the investing style and preferences of the fund manager only by looking at the fund portfolio. This is where the fund’s PE ratio and average market capitalisation become good reference points. You can make more informed decision using these numbers.

In mutual funds, the PE multiple of a scheme is arrived at by using a weighted average of underlying stocks. In other words, it is the average of the PE of all the stocks that make up the fund’s portfolio, in proportion to their allocation within the portfolio. A high portfolio PE would indicate that the scheme mostly holds stocks that are quoting a valuation premium. This indicates a preference for growth oriented businesses. In a growth based approach, the fund manager does not shy away from paying a high price for stocks that are exhibiting healthy growth in profitability. On the contrary, if the PE of the mutual fund is on the lower side, it signifies a value-conscious approach. Here, the fund manager is more comfortable looking for stocks that are currently out of favour or where the stock price has been beaten down disproportionately to the fundamentals of the company. Growth oriented funds tend to exhibit strong returns within a short span of time but are more volatile. Value conscious funds typically yield great results over a longer period of time and come with lesser volatility in returns.

But the PE ratio is not of much use if used in isolation. Experts suggest using it in conjunction with the average market capitalisation to truly gauge the investing style of the fund. Both metrics should be evaluated within the broader context of its strategy. The valuation metrics in a mutual fund should not be used as an indicator for timing entry or exit, but for relative comparison. Check where the fund’s PE stands in comparison to its peers. Typically, schemes in large-cap category will carry a higher PE multiple compared to mid-cap and small-cap funds.

One should compare within the category to ascertain how the fund manager is positioning the portfolio as also how much risk he is taking on to deliver returns. Bala explains, If a mid-cap fund is carrying a lower market capitalisation than its peers, it suggests the fund manager has dug deeper into mid-and-small cap universe of stocks and is indicative of higher level of aggression. Similarly, a large-cap fund with a much higher average market capitalisation relative to peers implies the fund is more of a pure-play large-cap fund.

Take for instance the Motilal Oswal MOSt Focused 25 Fund, which is a large-cap offering. This top performing fund currently has an unusually high portfolio PE of nearly 25 compared to the category average of 19.

This clearly suggests an emphasis on selecting high growth businesses.

However, the fund’s average market capitalisation stands at nearly half the category average of `1.03 lakh crore. This shows the fund has chosen more nascent large-cap stocks rather than pure-play large-caps. A completely different approach is visible in Franklin India Bluechip, another solid large-cap offering. This fund carries a much lower PE ratio of 18.3 but the portfolio’s average market capitalisation stands at `1 lakh crore. This suggests the fund follows its large-cap mandate to the hilt and refrains from paying a high premium for growth. Similarly, a higher average market capitalisation within the mid-cap funds category would suggest the fund manager’s preference for nascent large-caps rather than pure mid-caps, while a lower valuation would imply a value-driven strategy. The Franklin India Prima Fund, for instance, has a market capitalisation closer to its category average but a lower PE, suggesting a valuation conscious approach. The average market capitalisation is useful in finding out if a fund is following its mandate. We have examples of funds whose mandate is to select stocks from the mid-cap space. However, an analysis of the average market capitalization shows more than 50% of the portfolio is concentrated in large-cap stocks. Such violations of the mandate defeat the purpose of investing in mid-cap funds, which is to create alpha.

These metrics can also be used for delving into funds belonging to the disparate multicap and ELSS categories. Given their multiple flavours, investors may struggle to make an informed choice based only on the return profile of the funds. A closer look at the PE ratio and market capitalisation reveal how the funds are placed in terms of investing preferences. Take for instance the top two performing funds in the ELSS category. With a PE of 29.3 and average market capitalisation of `47,444 crore, Axis Long Term Equity is clearly into growth-oriented businesses. Reliance Tax Saver on the other hand has a PE of 22 and market capitalisation of `18,771 crore, indicating preference for mid-sized businesses and a blend of value and growth approach. Investors should pick funds suiting their risk profile and needs, after filtering based on long-term return profile.

09_05_2016_112_006_010.jpg


Kotak Select Focus Fund

Best SIP Funds to Invest Online

High focus on large-sized companies is a sensible strategy at a time when mid-sized companies are trading at peak valuations. Among schemes, which have a high exposure to large-sized companies, and at the same time, are equally committed to cash in on growth stories in mid- and small-sized companies, is Kotak Select Focus. Kotak Select Focus Fund scheme has more than 70% of its exposure to large-sized companies, and the rest is dedicated to mid- and small-sized companies.

Among multi-cap schemes, Kotak Select Focus has distinguished itself by employing concentrated strategy on sector level and diversified exposure to stocks. This has worked well as it has beaten its benchmark every time in the past seven years. It has delivered 14.7% and 20.4 % in the past three-year and five-year periods, while its benchmark Nifty200 has given 11% and 14%, respectively during the same period. In the past six months, the scheme has enhanced exposure in diversified themes, such as retail to construction. Some of these prominent companies are Bata India and Larsen & Toubro.

SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich

For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

Sundaram Select Focus Fund

Best SIP Funds to Invest Online

Sundaram Select Focus Fund Objective:

To achieve capital appreciation in medium to long term by investing in equity and equity related instruments of select stocks.

Fund Features

• A concentrated large-cap fund.

• The fund would be investing in a MAXIMUM of 35 stocks across sectors with the objective to deliver consistent and steady returns over time with limited volatility.

• The fund would have >80% of the corpus invested in well managed and established large cap companies (Top 100 companies).

• The fund would follow a bottom up approach in stockpicking based on in- house research and fund managers conviction and would generally be focussed around 3-4 themes.

• The investing style would have GARP (Growth at Reasonable Price) bias.

PORTFOLIO CONSTRUCTION – HIGH CONVICTION THEMES

#1 Discretionary Consumption

•Structural attractiveness due to higher incomes, improving consumption patterns and rising market penetration

•Key OW Calls: Autos (Maruti), Consumer goods (Voltas, Whirlpool), Retail banking (HDFC Bank, Kotak Bank, IndusInd Bank)

#2 Domestic Cyclical Recovery

•The Indian economy is expected to witness revival in economic growth which will augur well for cyclical stocks

•Key OW Calls: Corporate lenders (ICICI Bank), Select Industrials (L&T, Cummins)

#3 Government Reforms

•Key OW Calls: Oil marketing companies (IOC, BPCL), Beneficiaries of govt spending (L&T, Cummins)

#4 Weak Outlook on Exporters

•Key UW Calls: Metals ( China demand, protectionism, currency ), Pharma (US generic pricing concerns)

Performance:

Value Research – Data as on April 23, 2018
Equity Fund Category AAUM NAV Returns
Rs. Crore Rs 1 Month 3 Month 6 Months 1 Year 2 Years 3 Years 5 Years 6 Years 7 Years 10 Years Since Launch Launch Date
Sundaram Select Focus Fund – Regular Plan 685 167.39 5.41 -2.93 4.81 18.29 18.74 10.06 14.45 13.20 9.19 7.63 19.60 30-Jul-02

SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich – Best ELSS Funds

For more information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

Kotak Tax Saver Fund

Best SIP Funds to Invest Online

How has Kotak Tax Saver Fund performed?
The fund has lagged behind peers over the past decade. With a 10-year return of 9.55%, the fund has lagged behind the category (11.57%), but has managed to outperform the benchmark index (8.8%).

This tax-saving fund has been rather inconsistent in its performance in recent years, lagging behind peers in its category. The fund’s distinct large-cap bias may be partly responsible for this, as peers have benefited from higher mid-cap exposure. However, the Kotak Tax Saver Fund has ramped up its mid-cap presence over the past year. The fund is reasonably diversified with healthy exposure in its top picks—mostly index heavyweights.

The fund manager is comfortable taking high active positions in lesser-known stocks as well. Barring its heavy overweight stance in construction space and underweight position in automobiles, its sector positioning is in line with the index. With more proven performers in this segment, the fund needs a substantial improvement in return profile to be considered a worthy pick.

SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich – Best ELSS Funds

For more information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

Mirae Asset Emerging Bluechip Fund

Best SIP Funds to Invest Online

To generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization and have market capitalization of atleast Rs.100 Crores at the time of investment.

The standout feature of this fund is its ability to hold onto its five-star ranking without even a small blip since it made its debut in the ratings. Mirae Asset Emerging Bluechip Fund lives up to the ‘blue-chip’ tag in its name by scouting for quality names in the mid-cap space. It has outpaced both its benchmark and peers every year since its launch in 2011.

Mirae Asset Emerging Bluechip Fund has the leeway to invest up to 35 per cent of assets in the top 100 companies by market cap, with 65 per cent parked in mid-cap stocks. The fund prefers to select its portfolio candidates from companies which generate operating profits of around Rs 100 crore. It consciously avoids tiny businesses or micro caps. Though quality conscious, the fund has avoided the temptation to chase quality at any price. This is one of the key factors contributing to its consistency.

Mirae Asset Emerging Bluechip Fund returns have stayed ahead of both benchmark and category returns on a one, three and five-year CAGR, unusual for the category. While many mid-cap funds have found it a struggle to stay ahead of the benchmarks in the last one year, this fund has managed it. The fund has shown ability to keep up with both style and sector rotation in the markets through timely portfolio shifts.

On three and five-year returns, it has outperformed its benchmark by 6 to 11 percentage points and the category by 6 to 7 percentage points. Bull or bear phases have gone equally well for the fund during its short tenure, though it is yet to come up against a vicious bear phase like in 2008.

SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich – Best ELSS Funds

For more information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

SBI Bluechip Fund

Best SIP Funds Online

The valuation gap between large-sized and mid-sized companies has been only too evident in 2017. Since markets move in cycles, expectations are high that this gap may narrow down and largesized companies may see some renewed interest from savvy investors. In such a situation, investing in a scheme which has concentrated focus on large-sized companies makes sense. One such scheme is SBI Bluechip Fund.

SBI Bluechip Fund is one of the most consistent performers almost across market cycles. Sohini Andani has been managing the fund for close to seven years. The fund invests 80% in large-sized companies and remaining money of the portfolio is geared towards mid-sized companies. As regards selecting stocks, Andani follows a bottomup approach which gives a fair idea about financial and sectoral situation of companies. This provides high degree of clarity as to how a company would perform in a given sector in the long term.

This approach has paid rich dividends. In the past three-year and five-year periods, the fund has delivered close to 14% and 18.4% returns while its benchmark index S&P BSE 100 has delivered 9% and 13% returns, respectively, during the same periods. In the past six months, Andani has taken exposure to companies in the financial services space. Given the fact that financial services is one of the key levers that support the economy, these companies are expected to do well in the coming quarters. A few prominent companies Andani has taken exposure to are HDFC Standard Life Insurance, ICICI Lombard General Insurance, Max Financial Services and SBI Life Insurance Company.

SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich

For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

Mirae Asset Healthcare Fund

Best SIP Funds to Invest Online

Mirae Asset Global Investments (India) has launched Mirae Asset Healthcare Fund. The NFO of the fund will be open from June 11, 2018 to June 25, 2018.

Mirae Asset Healthcare Fund is an open-ended equity scheme investing in healthcare and allied sectors. The scheme will invest in Indian equities and equity related securities of companies that are likely to benefit either directly or indirectly from healthcare and allied sectors. The investment strategy of this scheme aims to maintain a concentrated portfolio of 30-40 stocks.

Healthcare is a broad secular theme that includes pharma, hospitals, diagnostics, insurance and other allied sectors. The fund will have the flexibility to invest across markets capitalization and style in selecting investment opportunities within this theme. Neelesh Surana and Vrijesh Kasera will manage this fund.

In a press release, Swarup Mohanty, CEO, Mirae Asset Global Investments (India) said, “Mirae Asset is enhancing its product basket to provide varied investment solutions for its investors and partners. The launch of Mirae Asset Healthcare fund is a step in the same direction. We are confident of the long term prospects for investors in this fund.”

Neelesh Surana, CIO – Equities, Mirae Asset Global Investments said, “The healthcare opportunity is secular and large, and valuations are reasonable owing to consolidation in the recent past. Mirae Asset Healthcare Fund could help investors build an exposure which is complementary to their existing allocation and may have an attractive potential over the long-term.”

?ui=2&ik=a215f9a580&view=att&th=163f74302b71d2f3&attid=0.4&disp=safe&realattid=ii_jickt9o73_163f74302b71d2f3&zw

?ui=2&ik=a215f9a580&view=att&th=163f742ea8acd176&attid=0.3&disp=safe&realattid=ii_jickt39t2_163f742ea8acd176&zw

?ui=2&ik=a215f9a580&view=att&th=163f742710838f61&attid=0.1&disp=safe&realattid=ii_jicksgnw0_163f742710838f61&zw

?ui=2&ik=a215f9a580&view=att&th=163f742ad4cb3f2a&attid=0.2&disp=safe&realattid=ii_jicksski1_163f742ad4cb3f2a&zw

SIPs are Best Investments as Stock Market s are move up and down. Volatile is your best friend in making Money and creating enormous Wealth, If you have patience and long term Investing orientation. Invest in Best SIP Mutual Funds and get good returns over a period of time. Know which are the Top SIP Funds to Invest Save Tax Get Rich – Best ELSS Funds

For more information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

HDFC TOP 200 Fund

HDFC TOP 200 Fund is now called HDFC TOP 100 Fund

HDFC TOP 200 Fund is a large-cap focused fund, which has an impressive long term track record, struggled for a lengthy stretch of time until a few years ago, when its performance started improving.

But the fund is yet to regain its past profile. The fund manager continues to back his high-conviction bets in the banking and financial services sector to the hilt. The portfolio size has been pruned slightly com pared to two years ago, but retains its aggression with large positions in the top picks. It is prone to higher volatility in returns with a tendency to capture market upside much better than peers, but also take a larger hit during downturns.

HDFC TOP 200 Fund is a good offering for investors who are comfortable with a higher degree of volatility and patience to ride out entire market cycles.

04_09_2017_123_005_003.jpg





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

Top 10 Tax Saver Mutual Funds for 2018

Best 10 ELSS Mutual Funds to Invest in India for 2018

1. DSP BlackRock Tax Saver Fund

2. Tata India Tax Savings Fund

3. Birla Sun Life Tax Relief 96

4. Sundaram Diversified Equity Fund

5. ICICI Prudential Long Term Equity Fund

6. Invesco India Tax Plan

7. Franklin India TaxShield

8. Reliance Tax Saver (ELSS) Fund

9. BNP Paribas Long Term Equity Fund

10. Axis Tax Saver Fund

Invest in Best Performing 2018 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

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300

How to choose a Liquid Fund

Best SIP Funds to Invest Online

You have to keep track of four basic factors: return consistency, expense ratio, minimum investment allowed and portfolio quality. If the need is stability, a liquid fund with widely fluctuating returns is not desirable. Also, you don’t want a fund with high expense ratio to eat into your daily returns. The range in expense ratios for liquid funds is between 5 and 100 basis points per annum, with the average being around 25 basis points. One basis point is one hundredth of a percentage point.

The narrow dispersion of returns in among liquid funds makes it harder for an algorithm to pick one over the other. If a liquid fund has a high return and high expense ratio, one has to question whether return comes at the cost of safety. Ideally, one should look for lower expense ratio, lower risk. Here, size is not the enemy of performance. In fact, a large sized and dominant fund house is often the right home for your liquid funds.

Some liquid funds allow a minimum investment of Rs 500 and others may be Rs 10,000. You need to choose the one that suits you.

Also, there is a difference in picking an ETF versus a regular fund. The former needs you to have a demat account and you need to be mindful about tradability of ETF units for the amounts that you want to buy or sell on the exchange.

SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich – Best ELSS Funds

For more information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com