Hope capital gains tax and STT will go: Jimmy Patel of Quantum Mutual Fund on Budget 2020

THE ECONOMIC TIMES Fri, Jan 31, 2020 | 08:14 AM IST Mutual Funds Newsletter

Hope capital gains tax and STT will go: Jimmy Patel of Quantum Mutual Fund on Budget 2020 The union budget 2020 has its importance as the economy is going through the worst slow down since the global financial crisis of 2008. Top 10 mutual funds to invest Here are two schemes from five important categories - aggressive hybrid, large cap, mid cap, small cap, and multi cap schemes - you may consider investing to meet your long-term financial goals. We believe these schemes should be enough for regular mutual fund investors. Apurva Bhosale, 27, started with an ELSS, and built a wedding fund with debt mutual funds Apurva Bhosale also had two short to medium term goals: a marriage fund and vacation. To meet these goals, she invested in a banking & PSU fund and a corporate bond fund. Three fund houses decide not to side pocket Voda Idea bonds Franklin Templeton Mutual Fund is the largest holder with paper worth Rs 2,049 crore, Aditya Birla Sun Life Mutual Fund holds securities worth Rs 508 crore, Nippon India holds paper worth Rs 241 crore, and UTI Mutual Fund Rs 551 crore. Smart investors' guide to ELSS mutual funds The section 80C includes a host of options that qualify for tax deductions. That includes your Employees Provident Fund or EPF, ELSS and life insurance premium. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 19.78 22.99 12.40 -0.06 Invest Now Axis Bluechip Fund-Growth ★★★★★ 18.26 21.58 11.80 -0.15 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 15.44 20.97 14.41 1.06 Invest Now Sundaram Select Focus Fund Regular-Growth ★★★★★ 14.50 17.34 9.54 -0.25 Mirae Asset Large Cap Fund Direct- Growth ★★★★★ 14.18 15.40 10.09 -1.03 Start SIP FeaturedAditya Birla Sun Life Tax Relief 96 Direct-Growth ★★★★★ 12.58 10.67 13.73 1.39 Invest Now How will Vodafone Idea issue impact debt mutual fund investments? The ​Vodafone papers have hit some schemes badly and different schemes are dealing with the issue differently. Most schemes have marked their exposure down to zero per cent in these troubled papers. Gold, international mutual funds offer 20% returns in 2019. What should be your strategy? If you are convinced about the efficacy of these `diversifiers,' you may consider allocating a small part of your portfolio to them, only if you have a sizeable portfolio.

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 Axis ESG Equity Fund Reg-D Equity: Thematic Open-ended 22 Jan 05 Feb 5000.00 Axis ESG Equity Fund Reg-G Equity: Thematic Open-ended 22 Jan 05 Feb 5000.00 Axis ESG Equity Fund Direct-D Equity: Thematic Open-ended 22 Jan 05 Feb 5000.00 Axis ESG Equity Fund Direct-G Equity: Thematic Open-ended 22 Jan 05 Feb 5000.00 ITI Small Cap Fund Direct-D Equity: Small Cap Open-ended 27 Jan 10 Feb 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Canara Robeco Conservative Hybrid Reg-DM Hybrid: Conservative Hybrid Open-ended 31 Jan 2020 0.07 Aditya Birla SL Short Term-D Debt: Short Duration Open-ended 31 Jan 2020 0.74 SBI Arbitrage Opportunities-D Hybrid: Arbitrage Open-ended 31 Jan 2020 0.06 Canara Robeco Equity Hybrid Reg-DM Hybrid: Aggressive Hybrid Open-ended 31 Jan 2020 0.60 Aditya Birla SL Medium Term-D Debt: Medium Duration Open-ended 31 Jan 2020 0.55 * 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 28-01-2020 3361.82 2608.21 753.61 10250.47 11194.81 -944.34 27-01-2020 2585.95 2738.52 -152.57 6748.23 4586.34 2161.89 24-01-2020 2766.96 2279.08 487.88 7339.91 6211.98 1127.93 23-01-2020 5798.30 6721.73 -923.43 7242.29 6609.50 632.79 22-01-2020 3147.90 3571.37 -423.47 9334.82 6026.05 3308.77 21-01-2020 2348.18 2599.24 -251.06 8360.59 6550.33 1810.26 20-01-2020 2537.98 3557.69 -1019.71 6990.32 5618.16 1372.16 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 Kotak Gold Fund Direct-Growth 17.5857 2.42 194.51 - - 0.60 Kotak Gold Fund Regular-Growth 17.0259 2.41 194.51 - - 0.60 Axis Midcap Direct Plan-Growth 45.0800 1.30 3669.53 - 0.61 Axis Midcap Fund-Growth 41.4100 1.27 3669.53 - 1.99 Axis Focused 25 Direct Plan-Growth 34.1800 1.15 8759.16 - 0.66 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 BOI AXA Midcap Tax Fund Series 2 Regular - Growth 12.1100 1.25 50.35 - 0.63 BOI AXA Midcap Tax Fund Series 2 Direct - Growth 12.2800 1.24 50.35 - 0.36 BOI AXA Midcap Tax Fund Series 1 Regular - Growth 9.5900 1.16 83.98 - 0.78 BOI AXA Midcap Tax Fund Series 1 Direct - Growth 9.7400 1.14 83.98 - 0.68 BOI AXA Tax Advantage Eco-Growth 60.9500 1.11 254.31 - 2.65 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

More Newsletters

Daily Newsletter Special stories that round up the major developments of the day

Markets Watch Round up of stock, currency, bond, money and real estate market

ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox.

Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more.

View All

Follow Us on ET:

About us| Advertise with us| Feedback| Sitemap| Code of Ethics © 2020 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here