Posts filed under 'ELSS'
Mutual Fund
IDFC Mutual Fund
Scheme Name
IDFC Tax Advantage (ELSS) Fund
Objective of Scheme
to seek to generate long-term capital growth from a diversified portfolio of predominantly Equity and Equity related securities.
Scheme Type
Open Ended
Scheme Category
ELSS
New Fund Launch Date
1-Dec-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
17-Dec-2008
Indicate Load Separately
Of less than Rs. 5 Crores (including for SIPs & STPs) - 2.25%; Of Rs. 5 Crores or more (including for SIPs & STPs) - Nil; By an FOF (irrespective of the amount of Purchase) - Nil
Offer Price (Rs.)
Rs. 10/- per Unit (s)
Minimum Subscription Amount
Rs. 500/-
December 15th, 2008
Draft offer documents of the following Mutual fund schemes are submitted to SEBI for approval and are now put on SEBI website for public view and commenting:
Bharti Axa Tax Advantage Fund
October 20th, 2008
Top ELSS (Tax Planning) Mutual Fund Schemes and their 1-year returns:
Sundaram BNP Paribas Taxsaver 6.13%
Magnum Taxgain -6.94%
HDFC LT Advantage -6.9%
HDFC Taxsaver -9.79%
Principal Tax Savings -13.41%
Birla Sun Life Tax Plan -14.46%
Canara Robeco Equity Tax Saver -6.59%
Principal Personal Tax Saver -6.96%
Franklin India Index Tax -1.24%
Birla Sun Life Tax Relief 96 -12.58%
August 30th, 2008
With the markets going down drastically in the past few days, Mutual Funds are busy readjusting their portfolios. Needless to say, many of them are booking profits and getting their equity portfolios reduced considering that there is a possible downside of up to 4% from now on. Few fund houses went ahead and began announcing the sharing of the dividends for some of their schemes:
Here is a partial list of dividend announcements made recently:
Birla Sun Life Tax Relief 96 – Dividend of 50% of its face value - 8th Dividend
Birla Sun Life Midcap Fund – Dividend of 20% of its face value - 10th Dividend
Birla Sun Life New Millennium Fund – Dividend of 20% of its face value - 2nd Dividend
ICICI Prudential Equity and Derivatives Fund - Income Optimiser Plan - 6% on the face value
ICICI Prudential Blended Plan – Plan A - Dividend of 6% of its face value
Investors who have opt for Dividend Payout option will be getting the dividends depending on the number of units in their folios as on the record date i.e – June 27, 2008.
June 24th, 2008
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
Previous Posts