A mutual fund investor’s (5-minute) guide to Budget 2020

THE ECONOMIC TIMES Fri, Feb 07, 2020 | 08:14 AM IST Mutual Funds Newsletter

A mutual fund investor's (5-minute) guide to Budget 2020 If you are opting for the new tax regime for convenience, you should be careful about your savings and investments. Should you say bye to ELSS, Section 80C, and opt for new tax rate? Many mutual fund advisors fear that many individuals would opt for the new personal tax rate for inconvenience and neglect their investments. Budget 2020: dividends from mutual funds to be taxed at slab rate from April; TDS in Nirmala Sitharaman proposed to change the current system of mutual funds paying the DDT and move to the classical system of taxing dividend in the hands of the unit holders or investors. Sebi may reclassify mid cap, small cap mutual funds to offer more flexibility Mutual fund managers claim the categorization had taken away their flexibility to invest, resulting in money flowing into a set of stocks. This has impacted performance of mutual fund schemes, say a few fund managers. LTCG tax stays; budget 2020 disappoints mutual fund investors Many mutual managers and investors were hoping that the government may do away with LTCG tax to boost the market sentiment. However, the finance minister did not address the issue in her budget speech. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 19.68 21.48 15.19 4.98 Invest Now Axis Bluechip Fund-Growth ★★★★★ 18.15 20.04 14.50 4.86 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 15.12 19.48 17.98 4.94 Invest Now HDFC Index Sensex Fund-Growth ★★★★★ 14.06 12.37 11.62 1.50 Invest Now Sundaram Select Focus Fund Regular-Growth ★★★★★ 13.84 15.53 11.74 2.73 FeaturedL&T India Large Cap Fund Direct-Growth ★★★★★ 11.09 15.58 13.27 3.80 Invest Now Sebi seeks reply from Franklin Templeton MF on markdown in Vodafone Idea Sebi Chairman Ajay Tyagi parried questions on whether such a move is illegal or if it hurts the broader cause of protection of investors' interests. For patient long-term investor, small cap funds are attractive, says S Naren Budget 2020 was an attempt by the government to spur consumption by leaving more money in the hands of the lower and middle income individuals, says S Naren.

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 ITI Small Cap Fund Direct-D Equity: Small Cap Open-ended 27 Jan 10 Feb 5000.00 ITI Small Cap Fund Direct-G Equity: Small Cap Open-ended 27 Jan 10 Feb 5000.00 ITI Small Cap Fund Reg-D Equity: Small Cap Open-ended 27 Jan 10 Feb 5000.00 ITI Small Cap Fund Reg-G Equity: Small Cap Open-ended 27 Jan 10 Feb 5000.00 SBI Capital Protection Oriented Fund - Series A (Plan 7) Reg-G Hybrid: Conservative Hybrid Closed-end 27 Jan 10 Feb 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Nippon India Banking-D Equity: Sectoral-Banking Open-ended 07 Feb 2020 3.98 Nippon India Banking Direct-D Equity: Sectoral-Banking Open-ended 07 Feb 2020 3.98 SBI Equity Hybrid-D Hybrid: Aggressive Hybrid Open-ended 10 Feb 2020 0.86 SBI Equity Hybrid Direct-D Hybrid: Aggressive Hybrid Open-ended 10 Feb 2020 1.27 * 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 04-02-2020 2941.05 2878.18 62.87 10636.49 9494.59 1141.90 03-02-2020 3763.88 3177.73 586.15 9244.89 5971.58 3273.31 01-02-2020 2987.50 3211.52 -224.02 1.59 0.15 1.44 31-01-2020 5407.69 2266.82 3140.87 8546.39 6979.41 1566.98 30-01-2020 4018.64 8259.07 -4240.43 11714.41 7782.68 3931.73 29-01-2020 4853.41 3472.70 1380.71 9740.93 11968.36 -2227.43 28-01-2020 3361.82 2608.21 753.61 10250.47 11194.81 -944.34 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 Axis Long Term Equity Direct Plan-Growth 55.6957 2.69 21037.72 - 0.92 एक्सिस लॉंग टर्म इक्विटी फंड-ग्रोथ 51.4984 2.68 21037.72 - 1.63 Axis Bluechip Fund Direct Plan-Growth 35.8600 2.49 9120.49 - 0.63 Axis Focused 25 Direct Plan-Growth 35.0300 2.49 8759.16 - 0.66 Axis Focused 25 Fund-Growth 32.1200 2.46 8759.16 - 1.85 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 Canara Robeco Equity Tax Saver Direct- Growth 75.2300 3.15 985.58 - 1.33 Canara Robeco Equity Tax Saver Regular - Growth 71.8600 3.11 985.58 - 2.31 Axis Long Term Equity Direct Plan-Growth 55.6957 2.69 21037.72 - 0.92 Axis Long Term Equity Fund-Growth 51.4984 2.68 21037.72 - 1.63 BOI AXA Tax Advantage Eco-Growth 62.5200 2.58 254.31 - 2.65 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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