Invest In Tax Saving Mutual Funds Online
Bond market has gained volatility as the central bank and govt attempt to prop up a flagging rupee, resulting in losses for investors in debt funds
Now debt investors have started closely following the bond market. The government and the Reserve Bank of India's efforts to prop up the rupee has made the bond market extremely volatile. The benchmark 10-year 7.16% 2023 security moved up from 7.50% to 8.88% last month, leading to losses for investors in some debt funds. According to Value Research, an independent mutual fund tracking firm, short-term debt fund category is down 0.25% and income funds category is down 1.52% during the same period.
With the central bank's primary aim is to stabilise a falling rupee, the tightening measures are likely to continue for some time. This means interest rates in the near term are likely to remain high. Investors should invest in short-term bond funds.
Short-term funds generally have a portfolio consisting of certificate of deposits, commercial paper and bonds with less than one year-tomaturity.
As the investments are short term in nature, the portfolio does not carry high interest rate risk. Fund managers also invest in highlyrated securities.
Experts believe the poor performance of some debt funds may continue as there is no clarity on rupee yet. The rupee fell to an all-time low of 62.03 against the dollar on Friday.
In the near term, there is no clarity on where the rupee will stabilise. In such a scenario, tightening by the RBI is likely to continue, which will keep interest rates high.
Among the steps announced last week, the RBI reduced the limit for remittances made by resident individuals from $200,000 to $75,000 per financial year, disallowed use of liberalised remittance
scheme to buy property outside India and has reduced limit for overseas direct investment (ODI) under automatic route for all fresh ODI transactions.
These measures, along with the tightening measures taken in July, led to a sharp rise in short-term rates. Shortterm funds offer a yield-tomaturity (YTM) of anywhere between 10.25% and 10.50%%, giving investors a good entry opportunity.
Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them
OR
You can write back to us at PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- ICICI Prudential Tax Plan Invest Online
- HDFC TaxSaver Invest Online
- DSP BlackRock Tax Saver Fund Invest Online
- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFunds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
0 comments:
Post a Comment