Mutual funds- L & T Tax Saver Fund and Principal Tax Savings Fund.

L & T Tax Saver Fund

It is an open ended tax saver fund by L &T Mutual Fund. Asset size of the fund is Rs 28.33 Cr (30 Sep 2011). Fund started on 26 October 2005. Rs 500 is the minimum investment. Anant Deep Katre is the fund manager. Fund’s one year return is (-23.2) %. Nifty’s one year return is (-18.9) %. 2008 was a gigantic year for global stock markets. Nifty gave a negative return of 51% in the year. Fund also gave a negative return of 58.7% in that period. 2009 was a terrific year for Indian capital markets. Nifty gave 75% return in the year. Fund gave an exceptional return by 90.2% in that period. Fund gave 23.9% annualized return in the last three years.

ICICI Bank, Infosys, ITC, Reliance Industries, Housing Development Finance Corporation, Tata Motors, Rural Electrification Corporation, Tata Consultancy Services, HDFC Bank, Sterlite Industries, Bharti Airtel, Petronet LNG Ltd, Mahindra & Mahindra, Dr Reddys Laboratories and Bahrat Heavy Electricals are the top holdings of the fund. Banking/Finance, Oil & Gas and Technology are the main sectors preferred by the fund. 96.25% of amount is invested in equities. 52 week high and low of NAV is Rs 17.56 and Rs 12.73 respectively. NAV of the fund closed at Rs 12.87 (24 November 2011).

Principal Tax Savings Fund

It is an open ended tax saver fund by Principal Mutual Fund. Asset size of the fund is Rs  Cr (30 Sep 2011). Fund started on 26 October 2005. Rs 500 is the minimum investment. Fund’s one year return is (-23.2) %. Nifty’s one year return is (-18.9) %. P.V.K. Mohan is the fund manager. 2008 was a gigantic year for global stock markets. Nifty gave a negative return of 51% in the year. Fund also gave a negative return of 58.7% in that period. 2009 was a terrific year for Indian capital markets. Nifty gave 75% return in the year. Fund gave an exceptional return by 90.2% in that period. Fund gave 23.9% annualized return in the last three years.

Reliance Industries, ICICI Bank, ITC, Infosys, Lupin, Apollo Tyres, Gujarat State Petronet, Tata Consultancy Services, Oracle Financial Services Software, Hathway cable & datacom, Cipla, Hindustan petroleum Corporation and State Bank of India are the top holding of the fund. Banking/Finance, Oil & Gas and Technology are the main sectors preferred by the fund. 91.66% of amount is invested in equities.52 Week high and low of NAV is Rs 83.78 and Rs 60.73 respectively. NAV of the fund closed at Rs 61.45 (24 November 2011).

 

 

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