Top 10 mutual fund managers who created the most wealth for investors

THE ECONOMIC TIMES Tue, Aug 29, 2017 | 06:31 AM IST ET Wealth Newsletter

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Top 10 mutual fund managers who created the most wealth for investors ET Wealth teamed up with Morningstar India to bring you its comprehensive annual study of the best equity fund managers based on their 5-year performance. How employees need to adapt when working for family-run business Owner-driven businesses are usually defined as those where promoters have either built profitable businesses from the beginning or have used debt financing. Pros and cons of working for a family-run business Since the family wants sustainability of business, they have hired you for the long term. Your loyalty will be reciprocated and you will have a job for life. Missed filing IT Returns? There is still a chance Don't worry if you have missed even the extended deadline of August 5, 2017, for filing income tax returns for FY2016-17. Here's all the information you need to file a belated return. From our Partners Start Investing in Mutual Funds with as low as INR 500 with ET Money! A complete investing solution for smarter generation; Invest in Mutual Funds, Manage Expenses & Buy Insurance online From our Partners Leadership 2.0- Sculpting leaders of tomorrow for a new financial paradigm The Financial Sector needs new leaders! Is it a good idea to copy the portfolios of the best mutual fund managers? Given the constraints, most investors would be better served by investing in the right mutual funds rather than trying to mimic them. How will proposed mergers impact PSU banks' stocks? Investors should wait and watch as the situation is still fluid. This is because the exact framework of these mergers is still being worked out. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 0.05 15.87 24.18 17.28 Motilal Oswal MOSt Focused 25 Fund Direct-Growth 0.33 15.54 24.38 16.88 Invesco India Growth Fund Direct-Growth -0.06 17.59 21.95 16.75 Mirae Asset India Opportunities Fund Regular- Growth -0.01 15.46 23.26 16.36 SBI Bluechip Direct Plan-Growth 0.17 13.33 16.13 16.10 FeaturedDSP BlackRock Focus 25 Direct Plan-Growth -0.34 12.34 15.13 15.23 Start SIP How financially secure you feel depends on these 5 factors We can have enough money in our bank accounts. However, whether we feel secure, safe and satisfied with what we have depends on multiple factors. How many mutual funds should you invest in? Find out Investors think that investing in two funds is better than one, three is better than two, four is better than three and so on. Where does this stop?

Financial Calculators Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

Why venting work-related anger via social media can ruin your career Employees are increasingly getting into big trouble over their work-related rants on social media. Many cases studies show a public rant never helps. Why children need to be financially literate Lakhs of fresh graduates enter the workforce every year and become easy targets for exploitative financial institutions and unscrupulous distributors BNP Baribas Equity Fund: Has lagged peers but beaten index over last decade With a 10-year return of 11.08%, the fund has outperformed the benchmark (9.12%) but underperformed the category average (12.40%). Stock pick of the week: Why analysts feel Ahluwalia Contracts is a worthy bet Due to a significant correction in the recent past, the company's valuation is also reasonable compared to other mid-cap construction companies. How mutual fund managers have handled AUMs bloating due to huge inflows Three years ago, only two equity diversified funds boasted assets of more than Rs 10,000 crore. Now, there are 11 such funds. ​How should you nominate investment beneficiaries? Nominations and joint holdings are two of the simplest ways of identifying beneficiaries for investments made by investors. How to get prepaid tag for tolls on national highways The FASTag is a reloadable tag that allows automatic deduction of toll without having to stop for carrying out the cash transaction. What percentage of Indians use online banking channels? Here's a survey estimate 26% of Indian customers prefer to access services via their bank's website, and the same number would prefer to use a mobile app. MF Portfolio Doctor: Hiking SIPs can help Jagadheesan reach goals despite late start If you want to get your fund portfolio examined, write to us. Our Portfolio Doctor will assess the health of the mutual funds held by you. Family Finance: Why Pandas need to increase investment in line with goals Fincart suggests that Nisith should allocate his stocks and a portion of his mutual fund corpus to achieve his goal without taking a loan. How to calculate short-term and long-term capital gains and tax on these Read on to find out how to distinguish between short-term and long-term capital assets and calculate the gains in each case. Geo-political, growth worries top global equity risks: Anurag Jain, Canara HSBC OBC Life Insurance "A robust and well-functioning capital market is good for investors as well as the economy," Anurag Jain CIO, Canara HSBC OBC Life Insurance. Startup Streamlyn helps publishers better monetise their digital content "We are seeing great traction and growing at 20% month-on-month," Raja Chakrabarty and Naveen Kumar, Co-founders, Streamlyn. Smart things to know about Index of Industrial Production IIP measures changes in the production of a basket of industrial products during a given time period, compared to a base year. Alternative investment returns monitor: For the week ending August 23, 2017 The scope and attractiveness of alternative investments is increasing. Here's a weekly tracker of returns from such investments.

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News Digest: Karnataka govt to bring in universal health cover

		THE TIMES OF INDIA
		Tuesday, August 29, 2017
		Today's Headlines

		India
		Karnataka govt to bring in universal health cover Violence pre-planned, was at behest of Dera chief: FIR The violence in Panchkula that followed the conviction of Dera Sacha Sauda chief Gurmeet Ram Rahim on August 25 was pre-planned and allegedly perpetrated at the instance of the sect chief, according to one of the 54 FIRs lodged in Panchkula and Sirsa. Dera followers go from hospital to jail More India News»

		Business
		Amazon may back Grofers to counter Alibaba-BigBasket Ikea to make India manufacturing hub for sofas, furniture Trai looks at fresh sale of spectrum even as telcos reel under financial stress More Business News»

		Environment
		Palm oil kills orangutans in Indonesia peat swamp The Tripa peat forest has been called the orangutan capital of the world, but its great apes are under threat by palm oil plantations gobbling up thousands of acres of native vegetation to instead grow the trees that produce the most consumed vegetable oil on the planet. Loveless monkey adopts chicken at Israeli zoo More than 200 doomed Puerto Rico dogs saved by airlift to US "The shelters in Puerto Rico have no choice," said Kimberly Alboum, director of policy engagement and shelter outreach for the Humane Society of the US. "They run out of room and, unfortunately, they have to euthanize for space. It's heartbreaking for the staff and it's devastating because these animals are all highly adoptable." More Environment News»

		World
		Harvey brings death, destruction to Houston   Floodwaters from Tropical Storm Harvey, which has already killed at least seven people in Texas and was expected to drive tens of thousands from their homes, will likely rise in the coming days, officials warned on Monday as heavy rains continued to pound the US Gulf Coast. Thailand's Yingluck fled at 'last minute': Aides "She chose to leave because she heard from her sources that the court would give her a heavy sentence and would not grant her bail," said one source close to Thailand's former prime minister Yingluck Shinawatra. Car bombing at busy Baghdad market kills 12 people The explosives-laden car went off at the wholesale Jamila market in Baghdad's Shiite district of Sadr City, a police officer said. The explosion also wounded 28 other people, he added, saying the death toll was expected to rise further. More World News»

		Entertainment
		Esha Deol gets a surprise baby shower Actress Esha Deol, who is expecting her first child, tied the knot with hubby Bharat Takhtani again in full bridal grandeur during her god bharai ceremony as per Sindhi rituals. However, her younger sister Ahana Deol had different plans for Esha's baby shower and went ahead to give her a surprise in her favourite theme - Lavender. Karan Johar 'likes' Kajol's gorgeous Instagram picture It's no news that friends-turned-foes, Kajol and Karan Johar, are friends again. The duo has gone ahead and extended the olive branch to each other on different occasions. Kajol recently shared a picture clicked by Vidya Balan at a bash with designer Manish Malhotra. Watch: Zareen Khan's 'Aksar 2' trailer Hold your breath as the trailer for the sequel to the hit 2006 Emraan Hashmi flick 'Aksar' has just arrived. More Entertainment News»

		Science
		Turns out, 80-year-olds as street-smart as 18-year-olds Genes that make you friendlier identified How eating cheese changed human skull shape The advent of farming, especially dairy products, had significant effect on the shape of human skulls, new research has found. More Science News»

		Sports
		I would play against Pakistan even if my one leg is not there: Dhoni MS Dhoni was almost ruled out for a crunch India-Pakistan match in the Asia Cup last year after he suffered an injury but the then captain's determination saw him not only turning up for the game but also winning it, according to national chief Selector MSK Prasad. TV shouldn't dictate scheduling: Vimal on Saina Nehwal match "I feel sad for Saina. She didn't get enough time to recover for the semifinal match. She had a late quarterfinal match and then she had to play in the morning. I think the overall scheduling was a problem," Vimal Kumar said. SC refuses to direct BCCI to e-auction IPL media rights The Supreme Court on Monday refused to direct the BCCI to conduct e-auctioning for awarding media rights relating to the Indian Premier League matches. More Sports News»

		Technology
		Moto G5S Plus smartphone to launch in India tomorrow Lenovo-owned Motorola is all set to launch its third smartphone under the G series in India. The company has sent out media invites for the launch event on August 29, where it will launch the Moto G5S Plus smartphone. India and Pakistan hit by spy malware, claims cybersecurity firm Symantec Symantec Corp, a digital security company, says it has identified a sustained cyber spying campaign, likely state-sponsored, against Indian and Pakistani entities involved in regional security issues. Xiaomi Mi 5X smartphone to launch in India on September 5 It seems that Chinese smartphone maker Xiaomi is all set to launch its first dual camera smartphone in India. More Technology News»

		Education
		NCERT to work on courses about India's tradition, culture: HRD Minister Prakash Javadekar "We will replicate such courses with NCERT because we think our true identity begins with the identity of our nation. Without knowing it, we will not be able to decipher the truth about the world. We are open to discussions about the value of our past," Javadekar said. 11 lakh teachers to be trained by March 2019 Under new rules, less than 50% private MBBS seats filled Deemed universities and private colleges across the country are staring at a huge crisis of unfilled undergraduate medical seats under the new system of centralised counselling introduced under the Supreme Court’s orders this year. More Education News»

		Mumbai
		All gaothans and koliwadas finally out of slum maps Virar farm that housed 26/11 dogs welcomes 3 retired CISF canines 26% of farmers who ended lives in 2 years were Marathas More Mumbai News»

		Delhi
		Both homebuyers, lenders will have to bear brunt of bankruptcy: SBI official Delhi high court rejects Arvind Kejriwal's plea against speeding up case After fare hike, Delhi Metro sees dip of 1.5 lakh in daily ridership over last year More Delhi News»

		Bangalore
		4,000 sqm of prime land to be acquired for Vellara station More Bengaluru roads to get TenderSURE makeover Citizens in Majestic, Gandhinagar and KR Market can now look forward to safe pedestrian pathways and better roads. Citizens, authority: Road-like structure flouts NGT order "Excavation is on to lay the pipeline and the soil that has been removed is being levelled.So it is starting to look like a road. More Bangalore News»

		Hyderabad
		Cap on knee implants' price likely to reduce supply: Docs A date with glamour Ayushmann Khurrana: Sometimes I feel I am a South Indian trapped in a North Indian's body More Hyderabad News»

		Chennai
		Train runs over 3 youths crossing tracks near Kodambakkam station A suburban train on Sunday night fatally kno- cked down three young men, including a computer applications graduate, near Kodambakkam railway station. Writ challenges plan to install statue of former CM Jayalalithaa Manual scavenging at corpn headquarters More Chennai News»

		Ahmedabad
		Google explores tie-up with govt Gujarat BJP to focus on OBC welfare for polls 'PAN requirement will hurt gold trade' More Ahmedabad News»

		Allahabad
		Allahabad University basks in poll warmth, dates still in limbo Rs 290 crore for civil airport in Allahabad before Ardh Kumbh Allahabad HC orders inquiry into Swarnjyanti Puram land allotment, former GDA officials under scanner At a time when GDA is under CAG scanner, more skeletons are tumbling out of GDA's closet. More Allahabad News»

		Bhubaneswar
		Teachers' strike reaches 13th day, demand fair deal from the govt Agitating block grant teachers decided to observe teachers’ day as black day and involve students and parents in their protest. Braving inclement weather conditions thousands of teachers have been staging protest demanding abolition of block grant system and equal pay for equal work for the last 13 days on Monday. Rain lashes Odisha, met predicts more rain Most parts of Odisha witnessed spells of heavy rain under the influence of a low pressure area stationed over interior districts of the state on Sunday overnight. Children play with police rifles, Odisha Police left red-faced The state police on Monday served show-cause notices to some constables of Odisha industrial security force (OISF) for allegedly putting their firearms at risk and allowing family members, including children to carry the rifles. More Bhubaneswar News»

		Bhopal
		3 monsoon months gone, major dams still thirst for water in MP Three months of rainy season are over, yet all major dams of the state are still way behind their full capacity. Normal monsoon is reported in 23 districts and 27 districts are still rainfall deficient. Dera girls' school shut down in MP The Madhya Pradesh school education department on Monday issued a notice to the authorities of a girls’ school in Budhni run by Dera Sacha Sauda chief Gurmeet Ram Rahim Singh, seeking to know why it was shut down without notice for an indefinite period. H1N1 claims one more life in Bhopal, death toll at 11 One more person died due to H1N1 infection in the state capital on Monday. The deadly contagion has led to 11 deaths in Bhopal since July. Four people also tested for positive for dengue in Bhopal. More Bhopal News»

		Chandigarh
		Bus services resume Bus services to Haryana and Delhi were restored after three days owing to the mayhem following the court verdict in a rape case against Dera Sacha Sauda chief Gurmeet Ram Rahim Singh in Panchkula. However, 11 trains were cancelled. Curfew in Patiala, 3 booked after incident of rioting Patiala district administration imposed a preventive curfew at 2pm on Monday in view of a special CBI court announcing the punishment for Dera Sacha Sauda chief Gurmeet Ram Rahim Singh at Rohtak jail, three days after he was convicted of rape in Panchkula. Marriage in times of curfew: Groom overcomes all for her More Chandigarh News»

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