Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT Audit :: due date for vat payment :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: cpt :: list of goods taxed at 4% :: articles on VAT and GST in India
 
 
News Headlines »
 Income tax exemption for FY19
 How will the new provisions really work?
 How to save income tax? Best tips for young earners
 Forgot to verify your income tax return? Here's help
 Notification of Government e-Marketplace (GeM) under section 138 of the Income-tax Act
 Income tax returns can be filed even if you missed deadline
 What is the difference between a tax return and a tax refund?
 Improving tax compliance in India
 How to invest in the new LTCG tax regime
 5 Tips to help you save tax
 Why to file income tax return?

Tax saving funds top returns chart
November, 09th 2006
Equity-linked savings scheme category emerged as the top performer among various categories for the week to Friday, notching up the highest average return of 2.13 per cent. 
 
The pharma sector funds posted a significant rise to 2.09 per cent from 0.54 per cent in the previous week. 
 
However, technology funds were the worst-hit and the only category to have registered negative average return. 
 
On the debt side, the rise in bond yields led to a fall in returns of long-term gilt funds. However, short-term debt schemes maintained stable returns. 
 
In tax-saving schemes, Principal Mutuals Personal Tax Saver fund performed the best, delivering 3.93 per cent return, followed by ING Vysya Tax Savings Fund (3.75 per cent) and Kotak Tax Saver Fund (3.48 per cent). 
 
The worst performer was Sahara Tax Gain Fund, with 0.02 per cent return for the week. 
 
Diversified equity schemes registered 2.95 per cent average return. In this category, the top three performers were Taurus Star (7.63 per cent), Taurus Discovery (5.34 per cent) and UTI Infrastructure (5.02 per cent). 
 
Five diversified equity schemes ended in negative territory. They were Kotak Contra (-0.02 per cent), BOB Diversified (-0.26 per cent), ING Vysya Dividend Yield (-0.36 per cent), Principal Dividend Yield (-0.37 per cent), and Kotak MNC (-1.32 per cent). 
 
Index funds posted 1.65 per cent average return, underperforming the Sensex and the Nifty, which ended 1.74 per cent and 1.77 per cent up, respectively. 
 
Nifty Junior BeES, benchmark mutual fund, was the top performer scheme with a 2.22 per cent average return. 
 
Pharmaceutical funds posted average weekly return of 2.09 per cent, beating BSE Healthcare Index, which rose 1.19 per cent on the back of robust September quarter earnings of major pharma companies like Ranbaxy, Sun Pharmaceutical Industries, and Cipla. The top-performing scheme was Reliance Pharma Fund, posting 3.11 per cent return. 
 
The FMCG category underperformed, giving 0.79 per cent average return, compared with 1.51 per cent rise in BSE FMCG Index. 
 
Similarly, banking sector funds category, with 0.58 per cent average return, fared poorly compared with CNX Bankex, which rose 1.22 per cent. 
 
UTI Banking Sector Fund delivered 1.49 per cent average return, while Reliance Banking Fund underperformed, ending with a negative return of 0.33 per cent. 
 
Compared with the 0.22 per cent fall in BSE Auto Index, automobile funds category gave a positive average return of 0.53 per cent. 
 
The worst performance was from technology funds category, after topping the charts for a couple of weeks earlier. Technology funds category, however, was able to beat benchmark indices. 
 
Compared with CNX-IT Index and BSE-IT Index falling 2.16 per cent and 1.66 per cent respectively, this category posted negative average return of 0.27 per cent. 
 
On Friday, the 10-year benchmark, the 7.59 per cent, 2016 bond closed at 7.6415 per cent, compared with 7.6086 per cent in the previous week. The rise in yield levels impacted long-term schemes, which invest at the long end of the yield curve. 
 
Long-term gilt and medium-term income funds registered a fall in returns. Medium- and long-term gilt funds posted 0.11 per cent average return, compared with 0.18 per cent in the previous week. 
 
Medium-term income schemes fetched 0.08 per cent average return, compared with 0.12 per cent in the previous week. 
 
In a rising yield scenario, short-term schemes managed to put up consistent performance as these schemes have low mark-to-market component and do not take a hit on their returns. 
 
LIC Mutuals Liquid Fund, JM Money Manager Super Plus Fund, and Tata Liquidity Management outperformed in the liquid fund category, giving 0.14 per cent return.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions