Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ACCOUNTING STANDARD :: due date for vat payment :: form 3cd :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: empanelment :: ACCOUNTING STANDARDS :: VAT Audit :: VAT RATES
News Headlines »
 How to claim income tax refund
 How to time your buys to have best of two tax regimes
 Here's why you must always check Form 26AS before filing tax return
 Want to file your income tax return after June 30? Having Aadhaar card is a must
 Timeline for filing of tax returns extended by two months
 Top 5 common mistakes to avoid while filing your income tax returns
 GST rollout on July 1: Deadline for filing tax returns extended
 What is GST?
 Income-tax (15th Amendment) Rules, 2017?
 Banks get a breather as GST Council extends deadline for tax filing
 Income Tax filing: Your easy guide in 7 steps

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 2017 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