Does it make sense to invest in a 10-year closed-ended ELSS?

THE ECONOMIC TIMES Fri, Mar 02, 2018 | 08:10 AM IST Mutual Funds Newsletter

Does it make sense to invest in a 10-year closed-ended ELSS? Several mutual fund houses have recently launched 10-year closed-ended Equity Linked Saving Schemes. 10 mutual fund managers who made maximum returns for investors Mutual fund investors know the importance of choosing a good fund manager to take care of their money. Should retirees invest in ELSS to save taxes? Most investment experts used to ask investors to start moving their portfolio towards safer investments as they near retirement. But there has been a lot of change in this approach over the years. How to calculate the future value of your financial goals? Mutual fund houses and advisors are busy promoting goal-based investing. However, most investors fumble when it comes to calculating the value of their future goals. How to invest in mutual funds like a seasoned investor Here is a quick guide to invest in mutual funds like a seasoned investor. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth -4.99 -0.41 21.68 14.26 Mirae Asset India Equity Fund Direct- Growth -5.68 4.39 21.69 13.26 Kotak Select Focus Fund Direct-Growth -3.86 3.43 19.18 12.91 Invesco India Growth Fund Direct-Growth -3.59 8.10 27.60 12.61 Mirae Asset India Equity Fund Regular- Growth -5.72 4.03 20.83 12.39 FeaturedDSP BlackRock Savings Direct Plan-Growth ★★★★★ 0.38 2.83 5.93 6.78 Start SIP Does it make sense to recycle your ELSS investments after return of LTCG tax? Some mutual fund investors love to recycle their investments in Equity Linked Saving Scheme or ELSS to claim tax benefit under Section 80C of the Income Tax Act. Will Rs 1 crore be enough to take care of all your needs after 15 years? We receive many queries on our Facebook page from several mutual fund investors who want to create a corpus of Rs 1 crore after a decade or more.

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 Regular Saving Equity Reg-DM Hybrid: Equity-oriented Open-ended 05 Mar 2018 0.09 UTI M Interval Fund Sr II Ret-D Debt: FMP Open-ended 05 Mar 2018 - UTI Q Interval Fund Sr VI Reg-D Debt: FMP Open-ended 05 Mar 2018 - Taurus Starshare Reg-D Equity: Large Cap Open-ended 05 Mar 2018 0.70 Tata Balanced Reg-DM Hybrid: Equity-oriented Open-ended 05 Mar 2018 0.67 * 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 26-02-2018 3248.05 1574.72 1673.33 8942.59 5140.37 3802.22 23-02-2018 3373.87 1908.29 1465.58 8863.04 6899.30 1963.74 22-02-2018 5903.79 5087.41 816.38 9451.54 11489.85 -2038.31 21-02-2018 3337.15 2166.94 1170.21 6593.86 9110.15 -2516.29 20-02-2018 2952.68 1872.26 1080.42 6853.25 5396.05 1457.20 19-02-2018 2707.94 1928.06 779.88 31.00 72.66 -41.66 16-02-2018 3009.10 2155.77 853.33 8854.07 6378.78 2475.29 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 L&T Midcap Fund Direct-Growth 149.9200 2.36 1648.28 - 1.56 L&T Infrastructure Fund Direct-Growth 18.7200 2.35 1121.22 - 1.66 L&T Midcap Fund-Growth 143.8400 2.34 1648.28 - 2.17 L&T Infrastructure Fund-Growth 18.0000 2.27 1121.22 - 2.27 Axis Long Term Equity Direct Plan-Growth 43.4761 2.26 15324.52 - 1.27 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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