Mutual fund schemes that tripled investors' money in four years

THE ECONOMIC TIMES Fri, Dec 01, 2017 | 08:10 AM IST Mutual Funds Newsletter

Mutual fund schemes that tripled investors' money in four years We did research to find out whether any mutual fund schemes multiplied investors' money in a short to medium time period 5 things you should know before investing in an ELSS Tax-saving season is here. ELSS or tax planning mutual funds are one of the best way to save taxes under Section 80C of the Income Tax Act. 60% of giant multicap schemes underperform their category An analysis of giant multi cap schemes reveals that six out of 10 largest multi cap schemes, under-performed their category average returns Do not invest a lumpsum in ELSS now, say mutual fund advisors Planners dub December a difficult month because they get countless requests for last-minute tax planning during the month. New ELSS investors are making some common mistakes, say mutual fund advisors Mutual fund advisors complain that new Equity Linked Saving Schemes (ELSS) investors are getting into these tax planning mutual find schemes without doing any homework. According to them, many new investors are flocking to ELSSs these days. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 0.32 11.02 33.08 15.13 Invesco India Growth Fund Direct-Growth 1.24 13.91 36.09 14.86 Mirae Asset India Opportunities Fund Regular- Growth 0.26 10.65 32.13 14.24 SBI Bluechip Direct Plan-Growth 0.70 8.26 25.27 13.62 Invesco India Growth Fund-Growth 1.08 12.95 33.80 12.83 FeaturedDSP BlackRock Treasury Bill Direct Plan-Growth ★★★★★ 0.45 3.03 5.94 6.95 Start SIP Moving to equity from debt now might be a bad decision, say mutual fund advisors Some debt mutual fund investors are selling their investments and shifting the money to equity schemes, say mutual fund advisors. Invest in these ELSS funds to save taxes this year The best tax-saving option available under Section 80C is an Equity Linked Savings Scheme (ELSS) or tax-saving mutual fund schemes.

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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 05 Jan 500.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit ICICI Pru Annual Interval Plan IV Ret-D Debt: FMP Open-ended 04 Dec 2017 0.45 ICICI Pru Multiple Yield Sr 8 1103D Plan C-D Hybrid: Debt-oriented Conservative Closed-end 04 Dec 2017 0.03 ICICI Pru Multiple Yield Sr 8 1103D Plan C Direct-D Hybrid: Debt-oriented Conservative Closed-end 04 Dec 2017 0.03 Escorts Income Bond-D Hybrid: Debt-oriented Conservative Open-ended 05 Dec 2017 0.06 Escorts Income-DM Debt: Income Open-ended 05 Dec 2017 0.05 * 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 27-11-2017 1932.47 1632.84 299.63 5587.69 6115.68 -527.99 24-11-2017 2684.58 1887.79 796.79 7175.66 3580.60 3595.06 23-11-2017 2282.53 1747.22 535.31 7136.10 5044.73 2091.37 22-11-2017 2640.05 1714.78 925.27 7556.25 4852.05 2704.20 21-11-2017 2975.17 2234.96 740.21 4853.98 3391.09 1462.89 20-11-2017 2247.21 1359.62 887.59 5837.94 3237.33 2600.61 17-11-2017 3129.40 1780.35 1349.05 7009.39 6718.19 291.20 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 SBI Small & Midcap Direct-Growth 61.9529 2.33 730.50 - 1.37 SBI Small & Midcap Fund-Growth 58.7660 2.31 730.50 - 2.33 Tata India Tax Savings Fund Direct-Growth 18.5147 0.98 784.51 - 1.47 Tata India Tax Savings Fund-Growth 17.8050 0.96 784.51 - 2.46 IDFC Tax Advantage (ELSS) Direct Plan-Growth 60.2613 0.88 661.74 - 1.41 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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