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ELSS Schemes – IRR Of Systematic Investment

ELSS -Equity Linked Saving Schemes are eligible for deductions u/s 80C.

Here we have listed all mutual fund schemes with their IRR for systematic investment for period of last 03,05 and 10 years.

ELSS SIP Returns

Please note:

  1. Systematic investment period is considered up to April 2017 , Valuation as on 13th May 2017 and SIP date is 10th of every month.
  2. Schemes which has completed at least 03 yrs and with growth option has considered only.
  3. Past performance is not guarantee of future performance.

20-20:Mutual Funds With 20 Yr Track Record & 20% CAGR / IRR:

Just to give a look,what we have missed if not invested for last two decades.

Here we have compiled list of mutual fund schemes which are 20 yr old and have offered 20%+ returns in terms of CAGR -Compounded annual growth returns and IRR – if invested systematically.

Schemes which have offered 20%+ IRR:

This table gives idea if any investor have invested Rs.10,000 per month since April 1997

 

Schemes which have offered 20%+ CAGR:

CAGR is for lump sum investment of Rs. 1 Lakh made on April 01, 1997:

Best mutual funds 2017

  1. Past performance of any scheme is not guarantee of future performance.
  2. We agree that two decades back Rs.10,000 per month was very high amount for retail investor to invest.
  3. Investor should not expect such high returns in future as economy have moved towards much more saturation in last two decades.
  4. Fund which have offered best in terms of IRR,may or may not offer same best performance in terms of lump sum investment.
  5. Mid cap funds have offered higher returns than large caps but with higher volatility.
  6. To optimize returns,One can use combination of SIP and lump sum.Invest lump sum when market becomes cheaper.

So,whats your view about equity for next decades?How do you invest in mutual funds?Do you think mutual funds will beat the broader market in future also?

 

NFO – Mahindra Mutual Fund Bal Vikas Yojana

As name Bal Vikas Yojana indicates,its a child plan offered by Mahindra Mutual Fund.This is balanced fund and parents/close relatives can invest in name of child for its future needs like education,higher education or marriage.

More details of Mahindra Mutual Fund Bal Vikas Yojana are as follows:

Mahindra Mutual Fund Bal Vikas Yojana

Eligibility:

Units in this scheme shall be held in name of beneficiary child.Child should be less than 18 years of age as on date of application.Guardian can be natural guardian(either parents) or legal guardian.Subsequent purchases may be made till unit holder attains age of 18..till unit holder will be represented by parent or legal guardian.

Lock in period (Optional):

Its optional to opt for lock in period.If lock in period is opted then units will be locked until beneficiary child attains age of 18 years or completion of 03 years from date of allotment,whichever is latter.

If guardian strictly wish to utilize corpus for child’s higher education purpose,then only opt for lock in period.

Asset Allocation:

Mahindra Bal Vikas Yojana is an open ended balanced scheme and will allocate its asset across:

  • Equity(40-60%),
  • Debt(25-55%)
  • Arbitrage opportunities(5-15%).

Equity:

If child is younger,means you have sufficient investment horizon.Equity allocation in such cases will allow investment to grow over a longer period of time.

Debt and Equity arbitrage:

Exposure towards debt and Arbitrage will offer stability to portfolio.

Tax Benefits:

No 80C Benefit:

This fund is NOT eligible for 80C benefit…even though investor opts for lock in period.Only ELSS schemes & Retirement funds are eligible for 80C benefit.

Maturity Taxation:If fund keeps equity allocation (direct Equity + Arbitrage) above 65% then it will eligible for equity taxation and no long term capital gain tax will applicable.Most of the balanced funds keeps equity allocation above 65% to make it eligible for equity taxation.Investor can take information from AMC when it intends to redeem units from this scheme.

Exit Load:

As this fund is linked to longer term goals like child education,marriage,it has exit load provision to discourage investor from premature exit.

Exit load structure:

  • 3% for exit within 365 days.
  • 2% for redemption between 366 -730 days.
  • 1% for redemption between 731 – 1095 days.

Documents needed:

If you decides to invest then you will need following documents:

  • Duly filled application form.
  • KYC of Guardian.
  • KYC of donor (if donor is not guardian).
  • Details of Child bank account  [For redemption credit]  or declaration about the same.
  • Relation document between child and guardian.
  • Age proof of beneficiary child.

This fund offer will open for initial purchase between April 20 – May 04, 2017.From May 19th scheme will be available for continuous sale and purchase.

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Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
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