Best ELSS funds to invest in 2018

THE ECONOMIC TIMES Fri, Jan 26, 2018 | 08:10 AM IST Mutual Funds Newsletter

Best ELSS funds to invest in 2018 Looking to save taxes under Section 80C of the Income Tax Act this tax-saving season? Well, here are the best tax-saving plans for you. Should you switch from small and midcap to largecap mutual fund schemes? Mutual fund advisors are also on the same page and many of them have stopped recommending small and midcap schemes, due to low risk-reward ratio in mid and smallcap schemes 5 things mutual fund investors should not do in this market The market has scaled another significant milestone. There is nervousness all around you. Will Budget 2018 cut tax on switch from dividend to growth option in mutual funds? Many investors don't think much about growth and dividend options in mutual funds. However, when they become aware of the critical distinction (we will tell you a little later) between these options, they also become painfully aware of loads and taxes they need to pay to rectify their mistake. These largecap mutual fund schemes might get reclassified or merged SEBI, in October 2017, has issued a circular, asking mutual fund AMCs to re-categorise their open-ended schemes as per the guidelines mentioned. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 4.10 13.74 36.00 16.01 Invesco India Growth Fund Direct-Growth 3.32 14.35 37.75 15.40 JM Core 11 Direct Plan-Growth 0.43 10.19 31.44 15.22 Mirae Asset India Opportunities Fund Regular- Growth 4.02 13.33 35.02 15.12 Kotak Select Focus Fund Direct-Growth 1.97 9.63 30.16 14.36 FeaturedDSP BlackRock Bond Direct-Growth ★★★★★ 0.49 2.20 5.50 7.98 Start SIP IT sector funds return 18.46% in 3-months. Are the bad days over? The numbers from the big IT players have been good in the last quarter. However, experts believe that the good performance is because of the expensive valuations in the other sectors in the market. New SIP investors worried after recent fall in small and midcap schemes New SIP investors in midcap and smallcap schemes are a worried lot after both these categories have suffered greatly in the recent fall in the market.

TERM OF THE WEEK Consumer Price Index A comprehensive measure used for estimation of price changes in a basket of goods and serv... read more

New Fund Offers Fund Name Category Type Open Close Min Inv BOI AXA Midcap Tax Fund Series 1 Direct-D Equity: Tax Saving Closed-end 10 Nov 09 Feb 500.00 BOI AXA Midcap Tax Fund Series 1 Reg-D Equity: Tax Saving Closed-end 10 Nov 09 Feb 500.00 BOI AXA Midcap Tax Fund Series 1 Direct-G Equity: Tax Saving Closed-end 10 Nov 09 Feb 500.00 BOI AXA Midcap Tax Fund Series 1 Reg-G Equity: Tax Saving Closed-end 10 Nov 09 Feb 500.00 SBI Long Term Advantage Fund Series V Reg-G Equity: Tax Saving Closed-end 21 Dec 20 Mar 500.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit ICICI Pru Corporate Bond-DQ Debt: Credit Opportunities Open-ended 29 Jan 2018 0.01 ICICI Pru Corporate Bond B-DQ Debt: Credit Opportunities Open-ended 29 Jan 2018 0.01 ICICI Pru Corporate Bond Direct-DQ Debt: Credit Opportunities Open-ended 29 Jan 2018 0.03 ICICI Pru Multiple Yield Sr 8 1103D Plan F-D Hybrid: Debt-oriented Conservative Closed-end 29 Jan 2018 0.04 ICICI Pru Multiple Yield Sr 8 1103D Plan F Direct-D Hybrid: Debt-oriented Conservative Closed-end 29 Jan 2018 0.04 * 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 23-01-2018 4960.43 4618.21 342.22 3728.98 5560.35 -1831.37 22-01-2018 2880.48 3021.01 -140.53 6791.70 2740.13 4051.57 19-01-2018 3010.25 2448.48 561.77 5340.58 4631.38 709.20 18-01-2018 3535.66 3879.42 -343.76 5371.13 5066.68 304.45 17-01-2018 3868.87 3325.18 543.69 5133.86 5077.84 56.02 16-01-2018 3301.73 2801.48 500.25 4603.07 3927.84 675.23 15-01-2018 3084.91 2693.98 390.93 4357.02 3602.81 754.21 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 Aditya Birla Sun Life Banking & Financial Services Fund Direct-Growth 30.1300 1.93 1517.75 - 1.14 Aditya Birla Sun Life Banking & Financial Services Fund Regular-Growth 28.9700 1.90 1517.75 - 2.44 Invesco India Growth Fund Direct-Growth 36.4200 1.79 237.72 - 1.08 Invesco India Growth Fund-Growth 33.7600 1.75 237.72 - 2.55 Mirae Asset India Opportunities Fund Direct- Growth 52.3200 1.73 5438.09 - 1.61 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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