Posts filed under 'ELSS'
Magnum Taxgain from SBI Mutual Fund has announced a dividend of 110%. February 15, 2008 will be taken as the record date.
SBI Magnum Taxgain is one of the most popular Tax Savings (ELSS) Mutual Fund. The scheme was launched in March 1993 and has net assets worth Rs. 3,549.90 (as of January 31, 2008). Gopal Agrawal is currently the fund manager of the scheme.
The scheme has Financial Services, Energy, Metals & Metal Products and Basic/Engineering amongst its top sectoral holdings. In regard to stock specifics, the scheme has Reliance Industries, Jai Prakash Associates, Welspun-Gujarat Stahl Rohren, Larsen & Toubro and Reliance Communications as its Top 5 stocks.
Earlier, the scheme has announced as many as 10 dividends:
31-MAR-95: 1.000000 per unit
31-MAR-96: 0.800000 per unit
15-DEC-99: 2.500000 per unit
26-SEP-03: 1.500000 per unit
31-DEC-03: 1.500000 per unit
26-MAR-04: 1.500000 per unit
29-OCT-04: 2.700000 per unit
10-JUN-05: 10.200000 per unit
10-MAR-06: 15.000000 per unit
02-MAR-07: 11.000000 per unit
February 12th, 2008
Kotak Tax Saver from Kotak Mutual Fund has announced a dividend of 35%. The record date for the dividend distribution will be taken on February 8, 2008. Kotak Tax Saver is an ELSS Tax Saver Mutual Fund.
This is the second time that the scheme is announcing a dividend. The earlier dividend announcement was for 30% announced in February last year.
Kotak Tax Saver has Krishna Sanghavi, Anurag Jain as its fund manager and has a corpus of Rs. 466.26 Crores. Its first allotment on November 23, 2005.
The scheme as Petroleum Products, Textile Products, Construction, Finance and Banking as the top five sectoral holdings. Financial Services, Construction, Energy, Metal & Metal Products form the top 4 sectoral holdings. (as of Dec 31, 2007)
NAV of the scheme as of February 1, 2008 is as follows:
Kotak Tax Saver-Scheme-Dividend: Rs. 15.579
Kotak Tax Saver-Scheme-Growth: Rs. 19.579
February 4th, 2008
ICICI Prudential Tax Plan is an ELSS Tax Saver Mutual Fund. The Investment objectives of the scheme are: “To seek to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities”. The scheme is largely into Services, Energy, Construction, Technology and Financial Service stocks and has Reliance Industries, Sadbhav Engineering, ICICI Bank, Tata Tea, Zee Entertainment Enterprises as about 25% of its holding.
The scheme has 8 dividend announcements since March 2000. The most recent dividend was for 20% announced in August 2000.
The scheme is a kind of laggard compared to its peers though the returns are consistent during the previous quarters, thanks for the positive movement of stocks across the board.
January 14th, 2008
Investors in the Dividend plan of Reliance Tax Saver (ELSS) scheme would get a dividend of Rs. 1 per unit. The record book date is November 2, 2007. It may be recalled, the scheme announced a dividend of Rs. 1 earlier on February 21, 2007.
The NAV of the scheme is Rs. 17.34 as of October 29, 2007. The Asset Size of the scheme is Rs. 2,087.88 crores as of September 28, 2007.
Top sectoral holdings of the scheme are Basic/Engineering, Automobile, Technology, Construction and Financial Services
October 30th, 2007
Principal Personal Tax Saver, an ELSS scheme from Principal Mutual Fund has announced a dividend of 110% on a face value of Rs. 10 per unit. The record date for the dividend is October 30, 2007.
The scheme’s inception date is Dec 26,1996 and has an NAV of Rs. 188.5100 per unit under the growth plan.
October 27th, 2007
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