Are you confused about how to claim tax deductions in ELSS?

THE ECONOMIC TIMES Fri, Dec 15, 2017 | 08:09 AM IST Mutual Funds Newsletter

Are you confused about how to claim tax deductions in ELSS? Many investors in tax saving mutual funds or Equity Linked Saving Schemes get confused about their SIP investments and claiming tax deductions on them. Look at ELSSs as an investment option for long-term goals, says Saurabh Kataria of BOI AXA Tax Advantage Fund ET.com Mutual Funds spoke to Saurabh Kataria, fund manager of the scheme to find out how he managed to achieve the feat. These balanced schemes became riskier in 2017 Balanced mutual fund schemes are considered less risky due to their mixed allocation to equity and debt. Allocate a large portion to multicap/large cap funds: Neelesh Surana of Mirae Asset We spoke to the fund manager of Mirae Asset India Opportunities Fund, the best performing largecap-oriented diversified equity fund, about the scheme's performance and strategy. Largecap mutual fund schemes stage a comeback in 2017 Most mutual fund pundits were predicting a strong performance by largecap schemes since the last few years. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 1.16 10.48 35.16 16.15 Invesco India Growth Fund Direct-Growth 1.16 12.67 37.61 15.82 Mirae Asset India Opportunities Fund Regular- Growth 1.10 10.11 34.20 15.26 SBI Bluechip Direct Plan-Growth 1.26 7.52 27.64 14.72 Motilal Oswal MOSt Focused 25 Fund Direct-Growth 3.75 6.14 30.42 14.05 FeaturedDSP BlackRock Income Opportunities Direct Plan-Growth ★★★★★ 0.21 2.97 7.22 9.59 Start SIP Multicap mutual funds are a must own category, says Sumit Agrawal of IDFC Focused Equity Fund IDFC Focused Equity fund is one of the top performers in the multicap category in 2017. Where are big mutual funds investing these days? Housing finance and power & generation sectors witnessed highest rise in inflows during the year.

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New Fund Offers Fund Name Category Type Open Close Min Inv Indiabulls Tax Savings Fund Direct-D Equity: Tax Saving Open-ended 21 Sep 20 Dec 500.00 Indiabulls Tax Savings Fund Direct-G Equity: Tax Saving Open-ended 21 Sep 20 Dec 500.00 Indiabulls Tax Savings Fund Reg-G Equity: Tax Saving Open-ended 21 Sep 20 Dec 500.00 Indiabulls Tax Savings Fund Reg-D Equity: Tax Saving Open-ended 21 Sep 20 Dec 500.00 UTI Long Term Advantage Fund - Series VI Direct-D Equity: Tax Saving Closed-end 05 Oct 12 Jan 500.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Tata Equity Opportunities Reg-D Equity: Multi Cap Open-ended 15 Dec 2017 1.40 Franklin India Dynamic Accrual-DQ Debt: Credit Opportunities Open-ended 15 Dec 2017 0.11 Franklin IGSF Composite-DQ Debt: Gilt Medium & Long Term Open-ended 15 Dec 2017 0.11 Principal Balanced-DM Hybrid: Equity-oriented Open-ended 15 Dec 2017 0.29 Franklin India Inc Builder A-DQ Debt: Income Open-ended 15 Dec 2017 0.14 * Funds with daily dividend distribution frequency options are excluded More >>

Weekly Mutual Funds Activity Date Equity ( Cr.) Debt ( Cr.) Gross Purchase Gross Sale Net Pur./Sale Gross Purchase Gross Sale Net Pur./Sale 08-12-2017 3119.42 2255.04 864.38 8299.63 5264.41 3035.22 07-12-2017 2821.74 2037.69 784.05 12365.77 7869.16 4496.61 06-12-2017 2550.46 1531.02 1019.44 8178.16 5721.19 2456.97 05-12-2017 2688.06 1557.30 1130.76 7363.42 3871.34 3492.08 04-12-2017 2173.81 1711.21 462.60 6591.80 3857.64 2734.16 01-12-2017 1867.73 1692.69 175.04 5.48 106.58 -101.10 30-11-2017 6202.59 5361.24 841.35 9876.59 6857.38 3019.21 Click here to view all WMF >>

Top Mutual Funds of the week (5-Star Rating) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt JM Multi Strategy Direct Plan-Growth 32.5476 1.33 148.36 - 2.89 JM Multi Strategy Fund-Growth 30.7521 1.31 148.36 - 2.89 SBI Small & Midcap Direct-Growth 62.7841 1.28 730.50 - 1.37 SBI Small & Midcap Fund-Growth 59.5317 1.26 730.50 - 2.33 Motilal Oswal MOSt Focused 25 Fund Direct-Growth 22.5251 1.21 734.43 - 1.32 Click here to view all TMFW (5 Star) >>

Top Mutual Funds (All Ratings) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt Click here to view all TMF ( All Ratings) >>

QUICK LINKS - MUTUAL FUND STATS 3 Best Funds- Category Wise Top Tax Saving Schemes Schemes with Lowest Expense Ratio Top Performing Schemes Latest Dividends Schemes with Highest Risk Adjusted Returns Top Star Rated Schemes AUM Monitor Category Performance Exchange traded funds

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