IDFC Tax Advantage Fund

Best Tax Saver Funds Online

ü Diversified Equity fund – Avg Market Cap of Portfolio of 101341Cr

ü Portfolio with a mixed exposure to Large, Mid & Small Cap

ü Benchmark Sensitive (S&P BSE 200) – underweight/overweight sectors basis fund managers view

Fund Management Process:

ü Identifies companies based on a deep understanding of the industry-growth potential and interaction with managements

ü Invests in businesses with the following characteristics:

-Return on Invested Capital (ROIC)

-Cash flow generation

-High Operating Leverage

-Prudence in capital allocation

ü Fund Manager: Mr. Daylynn Pinto (20th October, 2016)

Online

FRANKLIN INDIA TAXSHIELD

FRANKLIN INDIA TAXSHIELD fund has an impressive longterm track record but, of late, its performance has dipped. The fund’s stewardship has changed and so has its approach. It is not being run with any market-cap bias but it remains heavily invested in large-cap stocks.

The conservative large-cap focus–a stance carried forward from previous years–is partly the reason for the fund’s underperformance in recent years, compared to more aggressive peers. The fund still maintains heavy exposure in its top picks, with financials forming a bulk of its larger positions.

FRANKLIN INDIA TAXSHIELD has historically had a superior risk-reward profile in its category, but this has been partly eroded with the slip in its returns. However, the new team has proven capabilities to execute the strategy, and is likely to yield results in few years.

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

For further information contact SaveTaxGetRich on 94 8300 8300

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BIRLA SUN LIFE TAX RELIEF 96 Fund

BIRLA SUN LIFE TAX RELIEF 96 Fund has no particular bias towards any market cap size and takes a pure bottom-up view in portfolio construction. The emphasis is on quality–the fund manager prefers businesses with strong moats and the ability to sustain or achieve leadership position over a decade.

The fund manager does not believe in index hugging, and is comfortable taking large posi tions in his top bets, most of which are not a part of the benchmark index. This lends an element of aggression to the portfolio. However, the strict focus on quality ensures there is no junk in the portfolio.

In fact, many of the top picks are from the MNC space. Boasting among the best risk-return profile in its category, the fund’s proven track record makes it a worthy pick.

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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

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DSP BlackRock Balanced Fund Details

DSP BlackRock Fund Online

DSPBR Balanced Fund below the following;

1. Investment Illustration since inception of this scheme, 27th May 1999.

2. Portfolio as on 30th September 2017.

1. Scheme information

Inception date 27th May 1999
AUM 5922 crores
Equity 72.96%
Debt 27.04%
Average maturity 3.75 years
Modified duration 2.91 years
Fund Managers
Equity Atul Bhole
Fixed Income Vikram Chopra, Pankaj Sharma
Exit load < 12 months- 1%:
> 12months – Nil

2. Equity composition (percentage allocation)

Large Cap Mid Cap Small Cap Micro Cap
48.4% 12.2% 6.6% 5.8%

3.Dividend history & dividend yield

Date NAV Dividend Div yield
28-Sep-17 25.01 0.21 0.84%
28-Aug-17 25.55 0.21 0.82%
28-Jul-17 25.79 0.21 0.81%
28-Jun-17 24.99 0.21 0.85%
26-May-17 25.67 0.21 0.83%
28-Apr-17 25.61 0.21 0.82%
28-Mar-17 24.66 0.21 0.83%
28-Feb-17 24.21 0.21 0.85%
27-Jan-17 24.50 0.20 0.82%
28-Dec-16 22.71 0.21 0.92%
28-Nov-16 23.65 0.21 0.90%
28-Oct-16 25.40 0.23 0.92%
28-Sep-16 25.46 0.25 1.00%
26-Aug-16 24.85 0.25 1.00%
28-Jul-16 24.49 0.24 0.98%
28-Jun-16 23.31 0.23 1.00%
27-May-16 23.20 0.23 0.98%
28-Apr-16 22.84 0.23 1.00%
28-Mar-16 22.19 0.22 1.01%
26-Feb-16 20.94 0.21 1.02%
22-Jan-16 22.91 0.75 3.27%

4. Performance of the fund

Performance as on 30th September 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 8 Years 10 Years YTD Since Inception
DSP BlackRock Balanced Fund – Growth (1.52%) 2.63% 6.17% 11.06% 13.91% 13.81% 15.22% 12.13% 11.16% 17.86% 15.43%
CRISIL Balanced Fund – Aggressive Index (1.41%) 2.48% 6.03% 11.87% 10.75% 8.63% 10.90% 8.80% 7.94% 14.60% 12.54%

*inception date 27th May 1999

DSP BlackRock Balanced Fund: Product Labelling:
This Open Ended Balanced Scheme is suitable for investors
who are seeking*
: Capital growth and income over a long term investment horizon; Investment primarily in equity/ equity related
securities, with balance exposure in money market and debt securities

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

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Bharat 22 ETF



It is the second Exchange Traded Fund (ETF) that will be launched by the Union Finance Ministry. ICICI Prudential Mutual Fund will manage the fund.

ETFs are essentially index funds that are listed and traded on stocks exchanges just like regular shares.

They are a basket of stocks with assigned weights that reflects the composition of an index.

Bharat 22 comprises 22 stocks including those of central public sector enterprises, PSU banks and holdings under the Specified Undertaking of Unit Trust of India.

Bharat 22 is a welldiversified ETF spanning six sectors -basic materials (4.4%), energy (17.5%), finance (20.3%), industrials (22.6%), FMCG (15.2%) and utilities (20%).

The ETF is aimed at helping speed up the government’s disinvestment programme.

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

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CANARA ROBECO EQUITY DIVERSIFIED Fund

CANARA ROBECO EQUITY DIVERSIFIED Fund is a large-cap biased fund with a slight exposure to mid and small caps. It has been struggling to outperform peers in the past few years, but has shown signs of a turnaround this year.

The fund manager tweaked the portfolio a year ago, cutting down the number of holdings and bringing in more conviction. Its top bets are index heavyweights, but the fund is not an index hugger.

A shift in focus from industrials and pure banking to NBFCs and other sectors has led to a pick-up in performance. The manager focuses largely on compounding businesses with earnings visibility, scalability and competitive advantages.

The risk reward profile is inferior to many peers and investors should watch for sustained improvement in its returns.

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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

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Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300

Dynamic Equity Funds



Although these funds contain market volatility better than others, they also give lower returns over time.

Equity investors pour more money into the markets when they are going up and stay away during downturns, which can hurt returns. To protect investors from such behavioural bias, there is a category of mutual funds called dynamic equity funds. As the name suggests, these funds dynamically manage their equity portfolios, investing more when markets are down and less when they are up. But are they useful?

Understanding dynamic funds

There are two categories to consider in this context: dynamic asset allocation funds and dynamic equity funds. The former usually have more flexibility to take extreme calls across asset classes. They may even go 100% in on an asset class, based on their strategy. They may also have sub-categories such as aggressive, moderate or conservative, and be an equity or debt-oriented fund accordingly. Some funds in this category also follow the fund of funds structure, whereby the fund invests in other equity and debt funds.

Dynamic equity funds, on the other hand, are largely equity-oriented, and tweak their exposure to equity and cash based on market valuations and other metrics. For instance, Axis Mutual Fund has launched a new fund offer in this category called Axis Dynamic Equity Fund. Based on market valuation, trend and risk, the fund’s equity allocation can be in the range of 30-100%. Given the current readings, the recommendation would be a net equity exposure of 50%. However, the fund will look to maintain a minimum of 65% in gross equity. Any net exposure reduction below that will be achieved through hedging using derivatives.

When does it work?

As dynamic equity funds tweak their exposure based on market levels, they may contain volatility better than diversified equity funds, which are fully invested across market levels and phases. By reducing equity exposure and increasing cash allocation at appropriate market levels, these funds ensure downside protection.

The lower volatility of these funds is also evident in their standard deviation (SD), which measures volatility in a fund’s return.The lower the SD, the less volatile the returns. Their 3-year category average SD is 10.32%, compared to 14.18% for diversified equity funds (see table). But it is higher than that of dynamic asset allocation funds.

When does it fail?

While the volatility of returns in these funds is lower than that in diversified funds, the returns are also lower. Dynamic equity funds have underperformed compared to diversified equity funds over time, as they also tend to time the market. The 5-year category average returns are at 14.57%, whereas that of diversified equity funds is 18.39%.

Further, dynamic equity funds tend to hold higher cash in prolonged rallies and can, therefore, underperform in long upmarket cycles. These funds may underperform during strong market conditions. To get the best out of dynamic equity funds, it is important to invest over a 3-5-year cycle.

Should you opt for it?

It is not easy for a small retail investor to understand the different models and variables used by dynamic equity funds to determine the asset allocation. Investors would be better off doing their own asset allocation at an individual portfolio level. Bala concurs, Asset-allocated portfolios can do a good job if investors look at the performance at a portfolio level instead of looking at individual fund volatility. Dynamic equity funds may be suitable for those who are very conscious of market valuations and are wary of over-valued markets. But diversified equity funds are a better bet, since they are simple to understand and offer higher returns over time.

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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

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Diversified Portfolio can Grow your Wealth



It pays to take the mutual fund route to invest in equity. Your investments will be monitored by experts, allowing your wealth to multiply over time

A common accusation many readers make about this column is that while it encour ages investing in equity, it does not carry specific recommendations about where to invest and how much. That kind of specific investment advice is quite dangerous, though it admittedly makes life easier for the investor.Unless one is a financial adviser, and can take on the responsibility of monitoring how the recommended products are working, it is simply unethical to reel off names.

The question is not of expertise, but of the nature of the business of equity investing itself. Even the most intensive research can come up short when unexpected events impact businesses and markets.There is no telling in advance. It is not as if I hold b ack something precious from the readers of this column; it is just that I cannot forecast the future.

A very comforting emotion is the sense of control. Investors want to believe that the equity investments they make will behave in a manner that they can predict, understand, control, and therefore not worry much about. When they realise that things could go wrong; that their money could be at risk; or that their choices will perform poorly, not doing anything seems like a better place to be in. The comfort of a small fixed interest in the bank seems like a safer option. But that so harshly short changes your wealth.

Many investors know about the benefits of long-term investments in equity. What holds them back from acting, then? Two primary reasons I would think. First, the idea of a higher return must be associated with something concrete. The inability to associate a high return with a specific product makes them think that such examples are hypothetical.

Second, the lack of conviction in the process that can enable a higher return. When I point out that diversification is the only way to achieve better returns, I have lost my investor already. They want me to tell them whether they should buy stock A or stock B, and if I say that they should have both, and a dozen more, so they can manage risks better, investors fail to grasp the merit of this process.The adamant stance to know what can happen in the future clouds their decision-making process.

Let me offer a four-step process, which I hope will help many such investors who fail to make the decision to switch from low return fixed income products, to equity investing. Needless to add, equity is for the long run and for growth in the value of the investment. If you think you will need to draw the money in a short period of time, it is best left in the bank.

First, investing in equity is not about picking the right stocks. It is one thing to be amazed by the story of multi-baggers that made stupendous gains, but it is another to pick one before it becomes a winner. If you spend your time trying to pick stocks, you will have to allow for the many mistakes you will make in the process. The learning curve is steep and the lessons harsh. If you are a first-time investor, choosing to let money idle in the bank rather than invest in equity, you could make expensive mistakes trying to dabble in stocks.Equity means the market as a whole or the asset class that invests in growing businesses. That is the orientation you must keep.

Second, a portfolio of stocks is better than individual bets. Since you cannot foresee the future, you have to begin with a bunch of stocks, and weed out whatever is going bad as you go along. If you are buying stocks, you should hold 20-25 equity stocks to be able to cushion yourself from the wrong decisions you could make. Unless you run a company and are on its board as an inside investor, or have enough wealth to worry about risks, concentrated bets in a few stocks won’t take you too far. If you cannot construct and manage such a portfolio, buy an equity fund or an index fund. Define your search thus: You are looking for a portfolio of stocks, that will be actively managed to throw out what is not performing. You can buy and hold a portfolio passively, only if some one else is monitoring it for quality.

Third, equity investing involves both strategic and tactical choices.For example, if your intention is to be invested in large and wellknown companies that are market leaders in their segment, an investment in a large-cap equity fund or a narrow index like the Nifty will serve your purpose. You will find that large-cap funds tactically modify their holdings in sectors and stocks to do better than the index. The choices in equity funds and indices expands this choice of tactical holdings further, to midcap stocks, small-cap stocks, themes and sectors. Take a pyramid approach–more in strategic choices at the bottom and a tapered smaller holding in tactical portfolios. Fourth, the process of selecting a specific fund can be simplified.Each fund house offers a lengthy list of products, but you are looking specifically for large-cap funds, midand small-cap funds, and themes and sectors if you are taking tactical calls. Discard all names that sound complex, and products that mix up too many things. Look for a diversified portfolio and check if the fund has a 10-year track record. Compare its performance with the benchmark index year-on-year. If the fund has done better than the index in 7 out of 10 years, you should do fine.

I routinely receive queries that ask SIP or lump sum? How much should the SIP be? How many SIPs? In the larger scheme of things this will not matter; that you invested it in equity will. Once you begin investing, you will receive a folio number. You can add to it by buying at any time you wish, whenever you have surplus funds. Choose 4-5 funds or indices at the most. Begin investing and ensure that your money is not idle.

Over time, the benefits of having invested in equity, the merits of having your money in a portfolio, and the advantages of having someone to monitor the stocks in the portfolio, will all come into play to deliver wealth that you would be proud of accumulating. The bridge to cross is the conviction that a good process will deliver good returns, even if you cannot completely foresee or control it. That is the attitude to acquire.

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

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