Prajna Capital |
- Reliance Gold ETF - R* Shares Gold Exchange Traded Fund
- SBI RGESS Fund
- Which is better investment in Gold? e-Gold vs Gold ETF
| Reliance Gold ETF - R* Shares Gold Exchange Traded Fund Posted: 30 Jan 2013 02:42 AM PST Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 8300 (India)
Reliance Mutual Fund has announced a change in the names of two ETFs. Reliance Banking ETF has been renamed as R* Shares Banking Exchange Traded Fund and Reliance Gold ETF as R* Shares Gold Exchange Traded Fund.
The change shall come into effect from September 17, 2012
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 ) 1.ICICI Prudential Tax PlanInvest Online 2.HDFC TaxSaver Invest Online 3.DSP BlackRock Tax Saver Fund Invest Online 4.Reliance Tax Saver (ELSS) Fund Invest Online 5.Birla Sun Life Tax Relief '96 Invest Online 6.IDFC Tax Advantage (ELSS) Fund Invest Online 7.SBI Magnum Tax Gain Scheme 1993 Invest Online 8.Sundaram Tax Saver Invest Online Best Performing Mutual Funds
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| Posted: 30 Jan 2013 01:42 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
SBI RGESS Fund SBI RGESS will only invest in the stocks of the CNX 100, and will be an actively managed fund. Since this mutual fund is specifically targeted at RGESS, there can be no doubt that you will qualify for the RGESS tax deduction by investing in this fund and this is an important point in my mind. That's because no other index fund or mutual fund has so far advertised that they are also eligible under RGESS, and even in the case of SBI – they have the SBI Magnum Index Fund which is a Nifty index fund, and therefore should be eligible for RGESS, so then why is SBI coming up with a new product but not advertising the existing one for RGESS as well? It makes me wonder if there is a condition that makes it mandatory that only schemes launched specifically for RGESS will be eligible? I haven't come across any such condition, but if you know of any then please leave a comment. Moving on to the features of SBI RGESS Fund, here are some key things to keep in mind. SBI RGESS Fund is an actively managed fund Active funds are those where the fund manager has the discretion to pick and choose stocks and try to beat the index and give returns over and above their underlying index. SBI RGESS Fund is such a fund, and the fund manager will try to beat the index but will be restricted to the stocks in the CNX 100. Such funds are typically characterized by relatively high costs, and that's true for SBI RGESS fund also. Expenses of SBI RGESS Fund Mutual funds incur expenses which they then charge back to their investors, and in this is expressed as a percentage, the lower the percentage the better it is. The expenses in the case of SBI RGESS Fund are as follows:
As you can see these expenses are higher than index funds, and that's a negative for a fund that is meant for new investors. In fact I would consider this is as a fairly big negative and wonder why someone shouldn't invest in a low cost index fund instead of this fund? Available for existing investors also Although the fund is targeted for first time investors there is nothing that prevents other investors from investing in this mutual fund if they so desire. There is no lock in period which is interesting because according to the RGESS scheme there should be a blanket one year lock in of the stock or mutual fund you buy to be eligible but that is not enforced at the fund level. The offer document has just been filed with SEBI and no dates have been declared 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 )
------------------ Best Performing Mutual Funds
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| Which is better investment in Gold? e-Gold vs Gold ETF Posted: 30 Jan 2013 12:59 AM PST Download Mutual Fund Application Forms
Before investing in Gold, one should carry out comparative study on Gold ETF and E-Gold. Both are the two best investment in Gold in India. There are very little differences among the two. Both these products score very heavily when compared with Gold coin, Gold funds, Gold fund of funds, Ornaments etc.... The choice is limited to these two. Between the two, one should do detailed study. Both of these products have their own merits and demerits. Differences are very little. Still we can point out a few. Now we are going to do the comparative study of Gold ETFs and E-gold.
Upon comparing the two, we can find out that there are fewer differences among the two. E-gold scores over gold ETFs in trading hours and expenses. Whereas Gold ETFs has lot of choices and competition and selection for the investors to choose from. Although some Gold ETFs have less liquidity in the exchanges, investors have the option of 3 to 4 Gold ETFs which are having good volume in the stock exchanges. With e-Gold, liquidity is not at all a problem. Volume of e-gold is picking up fast. Tracking error is almost nil with E-gold. Whereas in gold ETFs tracking error and expense ratio and impact cost come into play. Lastly, e-Gold is better investment in Gold than gold ETF in respect of less expenses, no tracking error, less impact costs, more liquidity, extended trading hours. But these differences combined make to return percentage gap of 2 to 3% between e-gold and gold ETF. Above said are the reasons behind the increased return percentage for e-Gold when compared with Gold ETFs in India --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs Download Mutual Fund Application Forms Best Performing Mutual Funds
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