Retirees chasing small, midcap schemes for higher returns, say advisors

THE ECONOMIC TIMES Fri, Mar 31, 2017 | 08:13 AM IST Mutual Funds Newsletter

Retirees chasing small, midcap schemes for higher returns, say advisors A bullish stock market and eye-popping returns offered by small and midcap funds are making it extremely difficult for mutual fund advisors to dissuade retirees from taking risk. Not KYC compliant yet? You can still invest in ELSS You can invest in an ELSS and apply for KYC simultaneously. Don't split money into too many ELSSs, say advisors Investments in ELSS qualify for tax deduction under Section 80C of the Income Tax Act. The last day to make the investment is March 31. Should you lose sleep over short-term underperformance of international funds? The poor show over the last one month is due to two major reasons: downfall in the global commodity prices and appreciation of rupee against dollar. Returns from your banking funds are slipping. What should you do? The category has returned 38.24 per cent in one year, 17.79 per cent in three months, 2.85 per cent in one month and 0.30 per cent in one week. Is it a temporary blip or beginning of a long-term trend? Investing lumpsum in ELSS is fine, say mutual fund advisors Mutual fund advisors are having a tough time convincing investors to commit a lumpsum in Equity Linked Savings Schemes (ELSSs) in the final week of the tax planning season. New investors should stay away from credit opportunities funds, say experts The advice to stay away from credit opportunities funds follows the Taurus fiasco in which many existing investors burnt their fingers.

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 BNP Paribas Balanced Fund Reg-D Hybrid: Equity-oriented Open-ended 17 Mar 31 Mar 5000.00 BNP Paribas Balanced Fund Direct-G Hybrid: Equity-oriented Open-ended 17 Mar 31 Mar 5000.00 BNP Paribas Balanced Fund Reg-G Hybrid: Equity-oriented Open-ended 17 Mar 31 Mar 5000.00 BNP Paribas Balanced Fund Direct-D Hybrid: Equity-oriented Open-ended 17 Mar 31 Mar 5000.00 ICICI Pru Capital Protection Oriented Fund XI 1215 Days Plan F-D Hybrid: Debt-oriented Conservative Closed-end 20 Mar 03 Apr 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit ICICI Pru Income Plan-DH Debt: Income Open-ended 31 Mar 2017 0.17 ICICI Pru MIP-DQ Hybrid: Debt-oriented Conservative Open-ended 31 Mar 2017 0.34 SBI Magnum Balanced-D Hybrid: Equity-oriented Open-ended 31 Mar 2017 0.60 SBI Arbitrage Opportunities-D Hybrid: Arbitrage Open-ended 31 Mar 2017 0.06 ICICI Pru Equity Arbitrage-D Hybrid: Arbitrage Open-ended 31 Mar 2017 0.04 * 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 28-03-2017 2296.90 1936.20 360.70 54.40 82.40 -28.00 27-03-2017 1907.70 2331.40 -423.70 10935.40 5632.10 5303.30 24-03-2017 2169.10 1477.30 691.80 7791.80 5651.60 2140.20 23-03-2017 1658.40 1832.90 -174.50 6473.30 3221.60 3251.70 22-03-2017 1500.20 1799.40 -299.20 8002.40 4113.20 3889.20 21-03-2017 1813.20 1907.80 -94.60 7313.00 11594.80 -4281.80 20-03-2017 1585.90 1528.10 57.80 3967.20 12341.20 -8374.00 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 Franklin India Smaller Companies Direct Fund-Growth 53.5952 3.26 4029.43 - 1.07 Birla Sun Life Tax Plan Direct-Growth 33.6500 3.03 405.29 - 1.57 Franklin Build India Direct Fund-Growth 37.5867 3.01 681.71 - 1.40 Franklin Build India Fund-Growth 35.8198 2.99 681.71 - 2.81 Birla Sun Life Tax Relief 96 Direct-Growth 26.6300 2.98 2422.56 - 1.36 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 LIC MF Banking & Financial Services Fund Direct-Growth 11.1583 4.41 54.05 - 1.28 LIC MF Banking & Financial Services Fund Regular-Growth 11.0218 4.37 54.05 - 3.00 Sundaram Select Micro Cap Series III Direct-Growth 28.2822 4.20 60.02 - 2.69 Sundaram Select Micro Cap Series III Regular-Growth 27.4943 4.19 60.02 - 3.04 Sundaram Select Micro Cap Series II Direct-Growth 28.8837 4.17 71.93 - 2.69 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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