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Wednesday, June 24, 2015

IDFC Premier Equity

IDFC Premier Equity - Invest Online

IDFC Premier Equity may not be impressive in the short run, but it's long-term record still holds it in good stead 

 The fund's one- year return of 57 per cent is ahead of the S&P 500, though it is short of the category. Its five-year record is still well ahead of the category. It is a four-star rated fund as per our ratings. You might not be impressed with its one-year and three-year performance, but fund returns for short time frames certainly should not be seen in isolation and you need to view them with reference to the risk the fund takes on. We find that the fund has a bias towards quality companies and generally carries much lower risks than its peers. This feature may be important in the mid- and small-cap category, where the downside in the event of a market correction is high.

You can see its returns in comparison with the category average returns (as of June 19) in the accompanying table.

YTD 1-Month 3-Month 1-Year 3-Year 5-Year
IDFC Premier Equity returns (%) 5.57 -3.44 -4.81 33.63 30.37 19.44
S&P BSE 500 returns (%) 0.17 -1.89 -4.52 11.61 18.58 8.99
Category returns (%) 2.94 -1.11 -2.5 31.2 31.71 17.07
Rank within Category 23 114 102 51 31 16
Number of funds in category 112 114 114 112 52 47

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

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