Mutual Fund Queries answered by Prakash Lohana, CFP, Ascent Financial Solutions

THE ECONOMIC TIMES Fri, Jan 13, 2017 | 08:13 AM IST Mutual Funds Newsletter

Mutual Fund Queries answered by Prakash Lohana, CFP, Ascent Financial Solutions Prakash Lohana, CFP, Ascent Financial Solutions answers mutual fund queries sent by the readers. NFO Review: IDBI Midcap Fund The scheme will invest 65 to 100 per cent of the corpus in midcap stocks. Investments in debt and money market instruments would be in the range of 0-35 per cent of the corpus. Should you invest a lumpsum in ELSS? All tax-saving investments that qualify for tax deductions under Section 80C come with a mandatory lock-in period. The lock-in period is three years for ELSSs. Is it time to take a close look at Equity Savings Funds? Equity Savings Funds emerged after the changes in taxation of debt funds in Budget 2014. 8 Indian mutual fund houses that allow USA/Canada-based NRIs to invest Most fund houses in India don't allow NRIs from US and Canada because of the cumbersome compliance requirements under FATCA. Should you shift investments from liquid funds to arbitrage funds? "Arbitrage funds give you around 40 per cent additional returns because of the favourable taxation laws." Four Equity linked Savings Schemes to invest this year ET.com Mutual Funds has picked four ELSSs we believe have the potential to offer you superior returns.

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 Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Reg-G Equity: Tax Planning Closed-end 27 Sep 20 Mar 500.00 Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Reg-D Equity: Tax Planning Closed-end 27 Sep 20 Mar 500.00 Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Direct-D Equity: Tax Planning Closed-end 27 Sep 20 Mar 500.00 Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Direct-G Equity: Tax Planning Closed-end 27 Sep 20 Mar 500.00 UTI Long Term Advantage Fund - Series IV Reg-D Equity: Tax Planning Closed-end 10 Oct 18 Jan 500.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Reliance Vision-D Equity: Large Cap Open-ended 13 Jan 2017 4.25 Reliance Vision Inst-D Equity: Large Cap Open-ended 13 Jan 2017 27.00 Reliance Vision Direct-D Equity: Large Cap Open-ended 13 Jan 2017 4.25 ICICI Pru Balanced Advantage Direct-DM Hybrid: Equity-oriented Open-ended 13 Jan 2017 0.08 JM Arbitrage Advantage-D Hybrid: Arbitrage Open-ended 16 Jan 2017 0.09 * 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 10-01-2017 1748.40 1541.80 206.60 4556.60 4020.40 536.20 09-01-2017 1533.70 1310.70 223.00 2816.70 2691.90 124.80 06-01-2017 822.10 755.10 67.00 3648.20 2301.10 1347.10 05-01-2017 1423.50 1094.10 329.40 5645.10 3974.30 1670.80 04-01-2017 1275.00 969.20 305.80 7193.20 2294.60 4898.60 03-01-2017 1504.30 1139.50 364.80 9168.20 4406.50 4761.70 02-01-2017 1054.60 938.90 115.70 9157.00 3534.40 5622.60 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 Birla Sun Life Banking & Financial Services Fund Direct-Growth 20.6500 3.72 779.36 - 1.69 ICICI Prudential Banking and Financial Services Direct Plan-Growth 45.7800 3.29 1185.94 - 1.16 L&T India Value Fund Direct-Growth 30.0560 2.74 2050.82 - 1.54 Birla Sun Life Advantage Direct -Growth 343.2600 2.60 1857.45 - 1.11 DSP BlackRock Tax Saver Direct Plan-Growth 37.9800 2.36 1461.32 - 1.14 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 Edelweiss Exchange Traded Scheme-Nifty Bank 1898.5567 4.18 1.09 - 0.15 SBI ETF Nifty Bank Fund-Growth 191.6461 4.18 376.93 - 0.20 Mirae Asset China Advantage Fund Direct-Growth 14.6820 4.04 6.80 - - 1.37 Mirae Asset China Advantage Fund-Growth 14.2440 4.02 6.80 - - 2.29 Taurus Banking & Financial Services Fund Direct-Growth 17.7400 3.93 6.12 - 1.83 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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