ELSS – Equity Link Saving Scheme. 8 Best ELSS Scheme

by Ashok Kumar | Sep 10, 2019 | Mutual Fund

DSP TAX SAVER
ICICI PRU LONG TERM EQUITY
AXIS LONG TERM EQUITY
SBI MAGNUM TAX GAIN
HDFC TAX SAVER
RELIANCE TAX SAVER
FRANKLIN INDIA TAX SHIELD
L&T TAX ADVANTAGE

The ELSS category is very competitive. It comprises a motley mix of funds with strong and established strategies. Funds that fall under this category are diversified equity funds with no restriction on the market cap. So they could be multi cap or large cap or mid cap oriented.
Equity Linked Savings Schemes, or ELSS, fall under Section 80C of the Income Tax Act. Investments made here are eligible for a deduction up to Rs 1,50,000.

DSP Tax Saver
Date of Analysis: March 2019
Analyst Rating: Neutral
Fund Manager: Rohit Singhania
The fund’s gestation period will be longer in a more competitive category with strong and established strategies.
There have been significant changes within the investment team as well as at the fund-house level. In May 2018, BlackRock and DSP parted ways from their decade-old joint venture. The equity investment team also witnessed significant turnover, with some of its key managers– S. Naganath (CIO), Anup Maheshwari (CIO of equities after Naganath), and Harish Zaveri– exiting the fund company between 2017 and 2018, which is a cause for concern.
The fund’s strategy, however, has stayed consistent under Singhania. He runs it in line with its investment mandate, which allows him to adopt a fluid investment approach without any bias or restrictions in terms of stocks or sectors. In the manager’s own words, this fund doesn’t have a defined investment approach, which in turn provides him the liberty to capitalise on any investment opportunity that he sees in the market, provided it makes a grade on his selection parameters.

Consequently, the fund’s portfolio turnover tends to be on the higher side.

While an unconstrained process can be very rewarding, it is risky, too. A wrong bet can lead to significant under performance. Also, the absence of a rigidly defined method means investments are made on a somewhat intuitive basis. Hence, it must be noted that the success of the investment process largely depends on Singhania’s execution skills.

We believe that the fund is yet to make a cut for itself within the category and needs more time before it could qualify for an upgrade.

ICICI Prudential Long Term Equity
Date of Analysis: November 2018
Analyst Rating: Neutral
Fund Manager: Sankaran Naren, Harish Bihani

There has been another change in manager in this fund. After taking over its mantle in October 2015, George Herber Joseph has relinquished the fund’s management responsibility effective November 5, 2018.

This fund has passed through multiple hands in the past few years. CIO Sankaran Naren (October 2005 till February 2011), Munzal Shah (March 2011 till May 2011), and Chintan Haria (June 2011 till September 2015) have managed this fund earlier. George Herber Joseph started comanaging this fund along with Haria from April 2015 and took over as the lead manager in October 2015. He comes from ICICI’s portfolio-management-services division.

The following report was based on our opinion on Joseph and his investment style.

Pleasingly, and despite the changes, the investment strategy largely stays the same.
However, within the defined framework, Joseph has realigned the portfolio since taking over the fund in line with his investment thesis and understanding of macroeconomic scenarios. Joseph plies a free-flowing multi-cap strategy and follows a benchmark-agnostic approach for constructing the portfolio. He is fairly valuation-conscious and stays away from expensive stocks/sectors. He scouts for companies having good management with strong long-term track records, good free cash flow generating capabilities, and strong balance sheets. While investing, Joseph prefers staying away from investing in highly leveraged stocks.

Admittedly, the fund hasn’t done badly despite the changes at the helm, with the year 2017 being an exception. This year, the fund underperformed substantially as the manager’s valuation-conscious investment approach and strategy of taking contra bets has been out of favour, which dragged its overall performance under Joseph’s stewardship down with regard to benchmark index and category peers. However, these are still early days for Joseph at the helm here. We would like to evaluate his ability in executing the process over a market cycle to build conviction.

What is best way to start SIP / Mutual Fund Investment ? MFU Why Best Option ?

by Ashok Kumar | Sep 5, 2019 | Mutual Fund

Today in Investment market every one is coming with Online Transaction Platform, Like- PayTm, Grow, ETmoney, Every AMC with online app/portal.

So it very important to know which platform and why, you have to choose

MFU- Mutual Fund Utility

MF Utilities India Pvt Ltd (MFUI) is the Mutual Fund Industry’s “Shared Services” initiative formed by the Asset Management Companies (AMCs) of SEBI registered Mutual Funds under the aegis of AMFI, with an objective of investor empowerment, distributor / RIA convenience, consolidation of information to various agencies, operational efficiency for RTAs and benefits to AMCs, thereby benefitting all stakeholders in the industry. The prime objective of MFUI is to consolidate all “Transaction Requests” received by the industry from multiple sources and transmit it to the “Fulfiller” of the request (Transfer Agent), thereby bringing in operational efficiency by reducing multiplicity and duplication of activities. Towards achieving this objective, MFUI has developed the Portal, MF Utility (MFU), which operates as a “Transaction Aggregating System” for transactions in Mutual Funds.

MF Utility (MFU) is an innovative initiative of the Indian Mutual Fund Industry that brings significant benefits to all stakeholders, i.e. Investors, Distributors, RIAs and Asset Management Companies, by leveraging technology, MFU will bring many conveniences to the investors and distributors /RIAs and allow Mutual Funds to significantly enhance their reach and presence in the country to further the goals of retail penetration. MFU will also help remove duplicities in the system and reduce the inherent risks in the industry.

MFUI is equally owned by the AMCs of SEBI registered Mutual Funds in India.

Benefits of MFU vs Other Platforms

Editor View

Therefor my personal recommendation to don’t go with Private Players, As they have personal interest and they may be charged after certain time, which will give you panic situation in between of your investment.

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Best SIP Mutual Funds Portfolios to invest in 2019

by Ashok Kumar | Sep 4, 2019 | Mutual Fund

There are different Types of Mutual Funds for SIP that include equity, debt, balanced and ultra-short term funds.

However, Equity Mutual Funds offer maximum returns when invested via a SIP. Financial advisors suggest that the investors must invest in best mutual funds for SIP basis their investment objectives and the period of SIP investment.

Why Invest in Top Ten SIP Funds?

SIPs give a disciplined approach to investing Systematic investing helps in financing the future dream and major goals like- retirement, child’s career, purchase of a house/car or any other assets SIPs help in making the most of compounding and are ideal for young investors Systematic Investment Plans minimize the risk of equity fluctuations.

Recommended portfolios for Aggressive investors 

Recommended portfolios for moderate investors 

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