DSP BlackRock Tax Saver Fund

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DSP BlackRock Tax Saver Fund scheme seeks to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors avail of deduction from total income, as permitted under the income tax act.

A play-it-safe fund in the ELSS category, it has retained a four or five-star rating for the last three years, climbing from three stars earlier. It has outperformed its benchmark in eight out of nine years since its launch and its peers in seven of those years.

DSP BlackRock Tax Saver Fund isn’t wedded to any particular style and follows a blended growth-at-a-reasonable-price approach to select stocks. Though multi-cap by mandate, the fund has been quite large-cap oriented in the last five years. Typically, 65 to 75 per cent of the portfolio has been in large-caps and 20 to 25 per cent in mid-caps. The fund also takes tactical calls to capitalise on market trends and opportunities.

DSP BlackRock Tax Saver Fund margin of outperformance relative to the category and benchmark have been quite impressive. On a three and five-year basis, its annualised returns are over 4 to 5 percentage points ahead of the benchmark returns and 1 to 2 percentage points ahead of the category returns, respectively. It is creditable that this has been managed with a distinct large-cap tilt relative to the category.

The annual return record suggests that the fund lost slightly more than the category in 2008 and 2011. It delivered sizeable outperformance in 2012 and 2016. However, as the fund has seen a change in fund manager in 2015 and also adopted a higher allocation to large-cap stocks, past performance may not be a great guide to the future.

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

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SBI Bluechip Fund

Investing in large-sized companies is the most viable option to deal with any uncertainty about earnings growth in the near term. Among mutual fund schemes, which focus on large-sized companies, SBI Bluechip Fund is one of the most consistent performers almost across market cycles.

Sohini Andani has been managing the scheme for close to seven years. The scheme invests 80% in large-sized companies and remaining money of the portfolio is geared towards mid-sized companies. As regards selecting stocks, Andani follows 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 scheme has delivered close to 14% and 18.4% returns while its benchmark index S&P BSE 100 has delivered 9% and 12% returns in the same period. In the past six months, the scheme has enhanced exposure in well-established and little leveraged companies which have sizeable market share in their respective sectors. These are ITC, Bharat Electronics, State Bank of India, HDFC Bank, and Larson & Toubro.

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 of 2018

Best 10 ELSS Mutual Funds to Invest in India of 2018

1. Tata India Tax Savings Fund

2. Sundaram Diversified Equity Fund

3. DSP BlackRock Tax Saver Fund

4. Mirae Asset Tax Saver Fund

5. Birla Sun Life Tax Relief 96

6. ICICI Prudential Long Term Equity Fund

7. Invesco India Tax Plan

8. Reliance Tax Saver (ELSS) Fund

9. BNP Paribas Long Term Equity Fund

10. Axis Tax Saver Fund

Invest in Best Performing Tax Saver Mutual Funds of 2018

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Mirae Emerging Bluechip – Mid Cap Equity Fund

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Managed by Neelesh Surana, the Mirae Emerging Bluechip fund is amongst the best and most steady performers in the mid cap space. The fund is positioned true to its small and mid-cap orientation by maintaining around 75% of its portfolio. The strategy is centered around bottom-up stock-picking with exhaustive filtration laying great emphasis on margin of safety. Surana believes alpha is generated through the right stock selection and not by sector rotation. He only invests in companies that meet the stock selection parameters and would look at both qualitative and quantitative factors. A key quantitative parameter he tends to follow is high return on capital and high cash flows. We believe the fund can hold investors in good stead over a market cycle. The fund currently accepts fresh investments only through the SIP mode.

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

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Tata Hybrid Equity Fund

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Tata Hybrid Equity Fund scheme seeks steady returns from debt along with growth from equities instruments. The likely equity to debt investment ratio is 70 to 30. Earlier known as Tata Equity Growth Fund, Tata Twin Balanced has been merged in to this fund.

This balanced fund is a consistent performer but not a spectacular one. It has retained a four-star rating for most of the period since inception, slipping up a bit in the last one year. The fund has a 75-25 equity-debt allocation, with its equity exposure consistently above 70 per cent. Large-cap stocks usually make up 60 to 70 per cent of the exposure, but the proportion has been pegged up sharply to over 84 per cent lately. The fund is now quite overweight on large-caps compared to its peers.

Tata Hybrid Equity Fund follows a growth at reasonable price (GARP) style of investing. It believes in buying businesses with good earnings growth prospects over the medium term, which are run by quality managements. Each sector is played through a basket of five to eight companies. The top holdings are capped at 4 to 5 per cent to reduce concentration and to capture more opportunities. The debt portion has allocations mainly to G-secs and AAA rated paper. The average maturity stood at about five years in January 2018.

Tata Hybrid Equity Fund has sharply lagged behind both benchmark and peers in the last one year. While three-year returns are now behind the benchmark and category by about 2 percentage points, the five-year returns just about match the category. The fund didn’t fare well in the bear market of 2008, but it navigated 2011 quite well. The 10-year return of 16 per cent compares well even to pure equity funds.

Tata Hybrid Equity Fund – that navigates all kinds of markets well and delivers with high predictability.

Tata Hybrid Equity Fund was earlier called Tata Balanced Fund.

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

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Mirae Asset India Equity Fund

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Volatility has clearly dug in its heels in equity markets this year, and therefore, mutual fund investors in pursuit of good returns need to stay with schemes that invest in quality companies that have performed well in the past few quarters. This growth but also management credibility and other key financial parameters.

Among large-cap schemes that focus on quality of companies, Mirae Asset India Opportunities has distinguished itself by performing consistently well by sticking to its investment mandate. In the past three- and five-year periods, the scheme has given 11% and 21% returns, respectively, while its benchmark, BSE 200, has given 8% and 15% returns in three year and five periods, respectively.

The fund focuses on two key principles. One, buying companies which not only have a high return on capital employed and have generated consistent and incremental cash flows. Two, picking companies at attractive valuations. These factors have played crucial role in the scheme’s outperformance. It has been largely observed that the scheme has 5-10 % higher exposure to large-sized companies than its peers. In buying large-sized companies, the Mirae Asset India Equity Fund scheme’s fund manager, Neelesh Surana, chooses companies keeping their valuations in mind. The fund, co-managed by Harshad Borawake, has favoured consumption stocks, such as Marico, ITC, Dabur, Asian Paints and Hindustan Unilever.

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

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HDFC Balanced Advantage Fund

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HDFC Mutual Fund has proposed to merge HDFC Prudence Fund and HDFC Growth Fund into HDFC Balanced Advantage Fund. HDFC Prudence Fund is a large balanced scheme managing assets worth Rs 36,594 crore. The new scheme is a balanced advantage fund that will dynamically manage its portfolio between equity and debt instruments.

Should you hold your investments in HDFC Prudence Fund or sell it?
According to mutual fund advisors, investors should consider selling their investments in HDFC Prudence Fund.

For investors who had invested in the scheme with a view to keep a 70: 30 allocation (in equity and debt), may exit the scheme after the merger. Going by the changed portfolio allocation and strategy, the scheme will become less volatile. But, it will also generate lesser return in the bull market,” says Shweta Jain, Founder & CEO, Investography. Also, most investors in the fund have come in for the monthly dividend and there is no surety of this payment now

The AMC will allow existing unit holders of HDFC Prudence Fund, who do not wish to continue with the scheme, to exit the scheme without any exit load between May 3 and June 1.

Mutual fund advisors also say that investors should be mindful about a likely to change in taxation of the scheme. HDFC Prudence Fund was an equity-oriented hybrid scheme or balance scheme that is considered as an equity scheme for the purpose of taxation. Investments in equity schemes held over a year qualify for long-term capital gains tax of 10 per cent.

Balanced advantage funds may be treated as non-equity schemes if their equity holdings fall below 65 per cent over a prolonged period, according the notice. If investments in debt schemes are held for more than three years, they qualify for long-term capital gains tax of 20 per cent with indexation benefit.

HDFC Balanced Advantage will be classified as an open-ended balanced advantage fund. The revised scheme may invest up to 100 per cent in equity and equity-related instruments, up to 100 per cent in debt securities and money market instruments, up to 10 per cent in units issued by REITs and InvITs and up to 10 per cent in non-convertible preference shares.

The scheme may also invest up to 35 per cent of its total assets in investment avenues in overseas financial markets via via ADRs/ GDRs and foreign securities for the purpose of diversification. The scheme is also allowed to invest up to 100 per cent of its total assets in derivatives and will be benchmarked against NIFTY 50 Hybrid Composite Debt 65:35 Index.

The scheme will be managed jointly by Prashant Jain, and Rakesh Vyas, who would manage the overseas assets.

These changes will become effective from the close of business hours on June

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

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Mutual Fund scheme changes

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Go through the new fund positioning and understand it. If the basic investment strategy is significantly different and you do not relate to the new positioning you may like to exit.

In the last few weeks, as a mutual fund investor you must have been getting notices from asset management companies (AMCs) on whether you want to exit from the fund where there is a ‘change of fundamental attribute’. It may seem like your entire portfolio of mutual funds is changing. Now, all AMCs have been undertaking this process of changing fund descriptions, consequent to Securities and Exchange Board of India’s (SEBI) fund categorisation rules. In such a scenario, how do you make out what your fund is up to?

New fund positioning

A little research will reveal what the fund, subsequent to the change, is up to. AMCs have communicated the investment objectives, the asset allocation pattern as per the Scheme Information Document (SID) as well as the brief investment strategy / fund positioning. It is available on the website of the AMCs, and also in the notices that are hitting you. Go through the new fund positioning, understand it, and better still, if you have a financial adviser, consult with him.

An easy way to put things in place is to read Sebi-defined fund categories first. Once you understand what each category stands for and what Sebi expects AMCs to do, your life becomes easy. Now that there is uniformity among AMCs on how they can manage funds in each category, you know the baskets in which the ‘blocks’ (the funds you have invested in) would be placed. Sebi-defined fund categories are available on the Sebi website, in the circular dated October 6, 2017. Various AMCs have prepared a presentation / leaflet on which fund of theirs correspond to which category, and that would be available on their respective websites.

Once you have put things into place, you have to decipher to what extent your fund has changed. If it is only a peripheral change with the basic investment strategy remaining same or broadly similar, you have got the answer for yourself. In the few cases the change is significant, you have to see which category the fund is going into. It could be a change in the fund itself, or the fund may be merged with another one. You move your block (i.e. fund) from the existing basket (i.e. category) to a new basket. Once you have understood the ‘basket’, you have to examine whether it suits your scheme of things.

Your final decision

What ultimately matters is your asset allocation and not minor changes in fund description. Your portfolio comprises equity, debt and perhaps a bit of alternates like gold. Even if one of your ‘blocks’ shift to a different category, it is your overall asset allocation that you have to take care of. If that is broadly in place, then don’t rush into anything. Let all the AMCs finish the re-categorisation, and then you can do a proper review of your portfolio.

The benefit of waiting a couple of months will be that once all the AMCs complete the exercise, you will get a full picture of your mutual fund portfolio. The only small downside of waiting is that in the one-month exit window which you get, in case of a ‘change of fundamental attribute’ of a fund, there is no exit load. The context of exit load is relevant only for funds that have an exit load. Tax implication, if you exit, will be there anyway.

In an extreme case you may like to exit a fund, if it has gone through a ‘change of fundamental attribute’ and you do not relate to the new positioning. However, there is no ‘last date’ for exiting; you can do it any day, barring any incidence of exit load in a few funds. You may take your time to analyse what is happening to the funds, and then take a considered decision.

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

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ICICI PRUDENTIAL FOCUSED BLUECHIP

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Fund managers: S Naren, Rajat Chandak

Assets Under Management:17,142 crore

Top Holdings: ICICI Bank, HDFC Bank, Infosys

RETURN: 16.64%

Post the demonetisation announcement, a key mantra which the scheme’s managers followed was sticking to the leader in a given sector. This strategy worked especially well when normalcy returned. The fund managers focused on buying companies in the consumption space, especially discretionary, such as Maruti, TVS Motor, Motherson Sumi and Bajaj Finserv. The fund managers already owned these in their portfolio. Post demonetisation, they enhanced exposure to these stocks. The fund also made profitable gains in IPOs such as Avenue Supermarts.

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

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How are Liquid Funds Taxed?

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If you sell your funds before three years (36 months), you will have to pay short-term capital gains tax

Capital Gains on Liquid Funds are taxable.

If you sell your funds before three years (36 months), you will have to pay short-term capital gains tax. Short-term capital gains are added to your income and taxed as per the income tax slab applicable to you.

If funds are held for more than three years, your gains will qualify for long-term capital gains tax of 20 per cent with indexation benefit on your original investment.

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

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Tata Retirement Savings Fund

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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