Direct mutual fund investors hit most in the recent market correction

THE ECONOMIC TIMES Fri, Feb 16, 2018 | 08:10 AM IST Mutual Funds Newsletter

Direct mutual fund investors hit most in the recent market correction Mutual fund advisors are getting frantic calls from panicky mutual fund investors, mostly direct investors, after the recent volatility in the market. Mutual fund advisors face tough time dealing wth LTCG tax calculation Mutual fund advisors are flooded with queries from their clients about the actual computation of the new long term capital gains tax on equity mutual fund schemes. DSPBR Mutual Fund changes attributes of some schemes DSP BlackRock Mutual Fund has decided to change certain fundamental attributes of some schemes to comply with the new SEBI amendment. Mutual fund investors confused about LTCG tax calculation LTCG over Rs 1 lakh in a financial year would be taxed at a flat rate of 10 per cent without any indexation benefit. LTCG tax confusion hits last-minute ELSS investments Re-introduction of long term capital gains tax on equity mutual fund schemes has adversely hit last minute investments in Equity Linked Saving Schemes this tax-saving season. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth -4.57 3.06 25.07 14.84 Mirae Asset India Opportunities Fund Direct- Growth -3.81 7.74 25.03 13.59 Invesco India Growth Fund Direct-Growth -2.12 11.40 29.72 13.02 Kotak Select Focus Fund Direct-Growth -3.11 5.71 21.74 12.79 Mirae Asset India Opportunities Fund Regular- Growth -3.87 7.37 24.15 12.73 FeaturedDSP BlackRock Small and Mid Cap Direct Plan-Growth ★★★★★ -5.66 10.83 21.53 16.51 Start SIP Want to beat LTCG tax? Invest in these consistent mutual fund schemes Everyone wants to know how to avoid paying the re-introduced long term capital gains tax on equity mutual funds. Some experts suggested selling the mutual fund holdings immediately; some suggested churning regularly. CAMS to provide modified capital gains statement to MF investors from April 1 Computer Age Management Services Pvt Ltd (CAMS) is in the process of modifying its investment performance reports to incorporate the new long term capital gains tax on equity-oriented mutual fund schemes introduced in the budget.

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 SBI Long Term Advantage Fund Series V Reg-G Equity: Tax Saving Closed-end 21 Dec 20 Mar 500.00 SBI Long Term Advantage Fund Series V Reg-D Equity: Tax Saving Closed-end 21 Dec 20 Mar 500.00 SBI Long Term Advantage Fund Series V Direct-D Equity: Tax Saving Closed-end 21 Dec 20 Mar 500.00 SBI Long Term Advantage Fund Series V Direct-G Equity: Tax Saving Closed-end 21 Dec 20 Mar 500.00 UTI Long Term Advantage Fund - Series VII Direct-D Equity: Tax Saving Closed-end 21 Dec 21 Mar 500.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Tata Large Cap Reg-D Equity: Large Cap Open-ended 16 Feb 2018 4.00 Reliance Diversified Power Sector-D Equity: Others Open-ended 16 Feb 2018 4.00 IDFC Sterling Equity Reg-D Equity: Mid Cap Open-ended 16 Feb 2018 1.38 ICICI Pru Banking and Financial Services-D Equity: Banking Open-ended 16 Feb 2018 4.80 ICICI Pru Banking and Financial Services Direct-D Equity: Banking Open-ended 16 Feb 2018 4.80 * 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 14-02-2018 2578.77 2717.65 -138.88 6773.63 4509.73 2263.90 12-02-2018 3279.86 1574.21 1705.65 5479.92 3707.65 1772.27 09-02-2018 2164.30 2022.30 142.00 6486.05 3622.74 2863.31 08-02-2018 4376.85 2156.19 2220.66 5067.38 3587.95 1479.43 07-02-2018 2983.80 2511.29 472.51 4322.42 4018.52 303.90 06-02-2018 4115.70 2803.65 1312.05 6820.73 5915.68 905.05 05-02-2018 3656.28 2796.69 859.59 6684.68 5876.94 807.74 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 Pure Value Direct Fund-Growth 68.6491 4.06 2180.73 - 1.07 SBI Small & Midcap Direct-Growth 64.5707 3.55 852.83 - 1.39 SBI Small & Midcap Fund-Growth 61.1307 3.53 852.83 - 2.28 Canara Robeco Emerging Equities Fund Direct-Growth 100.2700 2.67 2744.77 - 0.90 L&T Infrastructure Fund Direct-Growth 19.0800 2.64 1121.22 - 1.66 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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