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Thursday, June 13, 2013

HDFC Top 200 Fund

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

Over the past two years HDFC Top 200 has not done as well as an average large- & mid-cap fund. In 2011 the fund lost 24 per cent , 1 per cent more than average large- & mid-cap fund. In 2012, it gained 32 per cent, which is 2 per cent more than the category average. Now it's a large-cap fund.

 

Also the reason for its recent underperformance is not hard to decode. The fund manager thinks that today's market is highly polarised. Investors in their risk aversion are willing to pay very high premium for few great companies. They lose sight of an objective valuation and ignore many good businesses that trade at a compelling valuation. For example, the fund has preferred State Bank and Canara Bank in its portfolio against very richly valued HDFC Bank or Kotak Bank, fancied by peers. Its preference for PSU oil companies against Reliance is another such instance. He believes that he will be proved right for his preference for value orientation in his portfolio.

 

The fund has a compelling history. Since its launch in September 1996, the fund has given an annual return of 22 per cent (as on May 9, 2013). In this 16-year history the fund has underperformed against peers only in four calendar years.

 

In our view, its marginal underperformance against other large cap funds in recent years is disappointing but one should not be perturbed by this.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

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OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

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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 Plan Invest 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
  9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

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