Invest In Tax Saving Mutual Funds Online
Rate cuts have resulted in a shift to income funds, with FMPs losing out and going out of favour...
The cut in key interest rates has resulted in a shift in investor interest from fixed maturity plans to income funds. A fall in rates will be good for long-term gilt and income funds. Moreover, further anticipated rate cuts is only attracting more investments into this class of funds.
The phenomenon is not new. In 2010 and 2011, the net inflows into FMPs was positive, given the high interest rate regime. In fact, the inflows into FMPs then were Rs 43,644 crore and Rs 89,046 crore, respectively, and the prevailing interest rates were increasing from 5 per cent to 8.5 per cent (See: One's loss is another's gain). At the same time, income funds witnessed a mass exodus with outflows touching Rs 1,60,600 crore in 2010 and Rs 30,940 crore in 2011.
In 2012, the reverse was being witnessed with a drop in interest rate and further cuts on the anvil; with investors fast shifting their money out of FMPs into income funds. From the later part of 2012, there was a spike in investments in income funds in anticipation of the imminent rate cuts, resulting in a net inflow of Rs 1,10,448 crore, while at the same time FMPs witnessed net outflows of Rs 12,223 crore. The scenario has only strengthened since January 2013, when income funds witnessed Rs 17,000 crore inflow in one month alone, with exits from FMPs to the tune of Rs 15,000 crore. What has been one category's loss has been the other's gain.
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
No comments:
Post a Comment