Saturday 30 December 2017

Best Performing Mutual Funds of the year 2017

Best Performing Mutual Funds of the year 2017

Best Performing Mutual Funds of the year 2017



The year 2007 remains good for the mutual fund industry and for mutual fund investors as well. Many mutual funds gave high returns to its investors during the year 2017. In fact, mutual funds were in limelight throughout the year for providing the best investment options for the creation of wealth.



Best Performing Mutual Funds of the year 2017

Most of the mutual fund investors have the habit of searching for best performing mutual fund schemes before investing in mutual funds. Today, I will share some best performing mutual funds of the year 2017. Five best performing mutual funds from each category are included in the list. These mutual funds are shortlisted based on their one-year returns. However, the mutual funds included in the list have asset size - 100 Cr or above.


Large Cap Mutual Funds

Large Cap Fund is an open ended equity scheme predominantly investing in large cap stocks. Minimum investment in equity & equity related instruments of large cap companies is 80% of total assets.
Equity: Large Cap - Return One Year
Scheme Name
1 - Year Return (%)*
Reliance Vision Fund
41.39
Invesco India Growth Fund
39.62
JM Multi Strategy Fund
39.49
Mirae Asset India Opportunities Fund
38.58
Reliance Top 200 Fund
38.42
*As on 29/12/2017 Data Source: Value Research Online

Multi Cap Mutual Funds

Multi Cap Fund is an open ended equity scheme investing across large cap, mid cap, small cap stocks. Minimum investment in equity & equity related instruments is 65% of total assets.
Equity: Multi Cap - Return One Year
Scheme Name
1 - Year Return (%)*
IDFC Focused Equity Fund
54.42
Tata Retirement Savings Fund
49.11
Principal Growth Fund
48.73
Principal Dividend Yield Fund
46.6
Reliance ETF Junior BeES
46.3
*As on 29/12/2017 Data Source: Value Research Online

Mid Cap Mutual Funds

Mid Cap Fund is an open ended equity scheme predominantly investing in mid cap stocks. Minimum investment in equity & equity related instruments of mid cap companies is 65% of total assets.
Equity: Mid Cap - Return One Year
Scheme Name
1 - Year Return (%)*
IDFC Sterling Equity Fund
61.34
Aditya Birla Sun Life Pure value Fund
56.04
L&T Midcap Fund
52.33
Edelweiss Mid and Small Cap Fund
52.25
Canara Robeco Emerging Equities Fund
52.05
*As on 29/12/2017 Data Source: Value Research Online

Small Cap Mutual Funds

Small Cap Fund is an open ended equity scheme predominantly investing in small cap stocks. Minimum investment in equity & equity related instruments of small cap companies is 65% of total assets.
Equity: Small Cap - Return One Year
Scheme Name
1 - Year Return (%)*
SBI Small & Midcap Fund
78.66
L&T Emerging Businesses Fund
66.5
Reliance Small Cap Fund
62.97
HDFC Small Cap Fund
60.75
HSBC Midcap Equity Fund
60.41
*As on 29/12/2017 Data Source: Value Research Online




Tax Saving Mutual Funds (ELSS)

ELSS is an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. Minimum investment in equity & equity related instruments is 80% of total assets.
Equity: Tax Saving (ELSS) - Return One Year
Scheme Name
1 - Year Return (%)*
BOI AXA Tax Advantage Fund
57.66
IDFC Tax Advantage (ELSS) Fund
53.35
Principal Tax Savings Fund
48.8
Mirae Asset Tax Saver Fund
47.88
Reliance Tax Saver (ELSS) Fund
46.04
*As on 29/12/2017 Data Source: Value Research Online


Disclaimer: This article is strictly for informational purposes only. Mutual funds do not guarantee any returns. Past performance of a fund may or may not sustain in the future. Please consult a mutual fund advisor or a financial planner before taking any investment decision.

You may also like to read: Best mutual funds to invest in 2018
You may also like to read: How to start a SIP?


You may also like to read: Benefits of SIP | Advantages of SIP
You may also like to read: Loan against mutual funds?

If you liked this article, share it with your friends and colleagues through social media. Your opinion matters, please share your comments.
Best Performing Mutual Funds of the year 2017



How to check EPF Balance | PF Balance

How to check EPF Balance | PF Balance

How to check EPF Balance | PF Balance



EPF (Employee Provident fund)

EPF (Employee Provident Fund) is one of the most popular investment schemes for the salaried persons in India. This fund is being maintained solely by the Employee Provident Fund Organization (EPFO), a statutory body under the Ministry of Labour and Employment, Government of India.



EPF Balance | PF Balance

EPF balance is the amount currently present in your EPF Account. EPF balance consists of the money contributed every month from your salary and the money contributed to your EPF account by your employer.

How to check EPF Balance | PF Balance

In the last few years, the EPFO has started many services to check EPF balance. You can check EPF balance in the following 5 ways.



Ways to check EPF balance

1. Check EPF balance Using EPFO Portal
2. Check EPF balance via SMS
3. Check EPF balance by giving a missed call
4. Check EPF balance via EPFO Mobile App
5. Check EPF balance via UMANG App


Check EPF balance Using EPFO Portal

To check EPF balance using EPFO Portal, you need to have your UAN activated. UAN is Universal Account Number which is unique for all individuals who are the members of EPF scheme. You can obtain your UAN number from your employer to activate your UAN based registration at Unified Portal . Every time you want to check your EPF balance using EPFO portal, you have to log in using your UAN number and password. After logging in you can view or download your member passbook which will give all the details about the monthly PF contribution and the current available balance in your EPF account.

Once your UAN number is activated, follow the below steps to check EPF balance and to download or print your passbook.
1. Go to the EPFO website http://www.epfindia.com/site_en/
2. Click on the link “e-Passbook” at the top right corner of the page.
3. You will be directed to another page.
4. Enter your UAN and password in the space provided.
5. Enter Captcha code and click on “Login” tab.
How to check EPF Balance | PF Balance

6. You will be again directed to a new page and here you will be able to see your Member ID box.
7. Click on the box below “Select MEMBER ID to View PassBook”.
How to check EPF Balance | PF Balance

8. It will open your EPF passbook on the right-hand side of the page.
How to check EPF Balance | PF Balance

9. Now you can check EPF balance and all the details/entries in your EPF passbook.
10. Here you can download or take a print of your EPF passbook for future use.

Check EPF balance via SMS

The EPFO offers SMS service to check EPF balance and last contribution in EPF account. This facility is available to those who have activated their UAN number. You need to send an SMS to 7738299899 from your registered mobile to avail this service.
Format for SMS
EPFOHO UAN LAN
In place of UAN write your UAN number and in place of LAN write your preferred language code. You can receive the EPF balance in different languages like Hindi-HIN, English-ENG, Telugu-TEL, Punjabi-PUN, Malayalam-MAL, Tamil-TAM, Bengali-BEN, Marathi-MAR, Kannada-KAN, and Gujarati-GUJ. This facility helps you to know your EPF balance at any time.



Check EPF balance by giving a missed call

This is the easiest and simplest method to check EPF balance. Under this service, you have to give a missed call to 01122901406 to know your EPF balance. Within a few minutes, you would receive an SMS. The SMS will contain your member details and EPF balance. This service is available totally free of cost to any UAN activated member. You can check EPF balance at any time (24X7) using this service. How to check your EPF balance by missed call facility?

Check EPF balance via Mobile App

EPFO also launched a mobile app (M-Sewa) for smartphone users to check EPF balance and other details like passbook at their convenience. The facility to check EPF balance is available to only those members who have activated UAN to the UAN portal. This app can also be used by subscribers to activate their UAN. You can download this app from the Google Play Store.
1. Download the app on your smartphone. Click on “Member” and then on “Balance/passbook”.
2. Now enter your UAN number and registered mobile number. After verification, it will show updated EPF balance details.
EPF balance/passbook through EPFO Mobile App



Check EPF balance via UMANG App

You can use UMANG app to check EPF balance. UMANG App allows you to download your EPF passbook. Download the UMANG app from Google Play Store on your smartphone. Click on the “EPFO” icon on the home page and you can check EPF balance and download you EPF passbook under the “Employee Centric Services” option. How to download EPF passbook via UMANG App?

Hope now you will be able to check EPF balance using a mode which is convenient for you.

Note: This post was originally published in June 2016 and has been completely updated for accuracy and comprehensiveness.



If you liked this article, share it with your friends and colleagues through twitter or facebook. Your opinion matters, please share your comments.
How to check EPF Balance | PF Balance

Citibank IN CPA - Credit Card IN


Friday 29 December 2017

How to use Google Tez App?

How to use Google Tez App?
Image credit: https://tez.google.com/

How to use Google Tez App?



Google Tez App is a digital payment app launched by Google for India. You can send money home to your family, instantly receive payments directly to your bank account, split a dinner bill with friends, or pay the neighbourhood chaiwala. Make all payments big or small, directly from your bank account with Google Tez app. Google Tez app works with mobile, tablet, laptop, and desktop. The Google Tez app is developed on Unified Payments Interface (UPI) platform. Google Tez App is available in multiple languages.



Features of Google Tez App

1. You can pay directly from your bank account using Google Tez app, it means your money is safe in your account with your bank and you’ll continue to earn interest. There’s no need to open a separate account or worry about reloading wallets.
2. Google Tez app uses UPI (Unified Payments Interface) and works with all major banks in India that support UPI.
3. Each transaction is secured with your UPI PIN and the app is secured with a Google PIN or your screen lock method such as a fingerprint.
How to use Google Tez App?

4. You can send money directly and instantly to a Google Tez app user nearby using Cash Mode and there is no need to share other details like your bank account or phone number.
5. Google Tez app makes it faster and more secure to pay on apps and websites – anywhere that UPI is accepted. 
6. You can pay or get paid by almost anyone because Google Tez app works with all major Indian banks and the vast majority of smartphones.
7. Google Tez app is available in English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu languages.
8. Business and shops owners can link the Google Tez app with their individual current accounts and start accepting payments. Received payments will go directly in their bank accounts and all this with no fees.
9. You can earn Tez Scratch Cards to win up to Rs.1000 per transaction and be eligible to win one lakh every week with Lucky Fridays.



Where to get Google Tez App

Google Tez app is available for Android and iOS users. Android users can download Google Tez app from Google Play Store and iOS users can download Google Tez app from App Store. Install this app on your gadget and link up with your bank account.


How to set Google Tez App on your Android phone

1. Download and install Google Tez app on your smartphone from Google Play Store.
2. Open the Google Tez app and select the language of your preference.
3. Enter your mobile number (use your mobile number that is already registered with your bank account) and request for an OTP to activate your account.
4. Select your email Id from your Google account. In case you have multiple accounts, it will ask you to select one.
5. Now you will be prompted to set additional security by creating a Google PIN or by using your screen lock such as a fingerprint.
6. Link your bank account to the app using the UPI pin. You can select your bank from the list that appears in this step.
How to use Google Tez App?

7. If you have not activated your UPI account, the app will allow you to set it up instantly.
8. Once your account is set up, you can send or receive money through Google Tez app.



How to transact with Google Tez App?

Google Tez allows you to transact through five different modes:
1. Cash Mode
2. Phone number
3. Account number
4. UPI credentials
5. QR code.

Hope the now you will be able to set and use Google Tez app on your Android phone. You can pay or receive money from anyone who is using Google Tez app or any other UPI app.


If you liked this article, share it with your friends and colleagues through social media. Your opinion matters, please share your comments.
How to use Google Tez App?



Best Mutual Funds SIP to invest in 2018

Best Mutual Funds SIP to invest in 2018

Best Mutual Funds SIP to invest in 2018



Today, I will share 10 Best Mutual Funds SIP to invest in 2018. These mutual funds are shortlisted based on several key parameters.


Shortlisting parameters

1. Types of Funds: These mutual funds are shortlisted on the basis of the type of funds like large-cap, multi-cap, mid-cap, small-cap, and ELSS. Two mutual funds have shortlisted from each category.
2. AUM: Shortlisted on the basis of AUM (Assets Under Management). All the selected mutual funds here are higher in asset size – 2500 Cr or above.
3. Crisil Rating: Crisil rated these mutual funds as Rank-1, Rank-2, and Rank-3.
4. Value Research Rating: Value Research rated these mutual funds as 5 stars, 4 stars, and 3 stars.
5. Fund Performance: These mutual funds shortlisted on the basis of 3-5 years performance.

On the basis of the above parameters, the Best Mutual Funds SIP to invest in 2018 are given below
Scheme Name
Value Research Rating (Out of 5)
Crisil Rank
Returns in Percentage*


For quarter ended Sep 2017 
1 Year
3 Years
5 Years
Large Cap Fund




SBI Bluechip Fund
5
2
32.32
14.32
18.5
Mirae Asset India Opportunities Fund
5
2
40.14
16.25
20.96
Multi Cap Fund





Franklin India Prima Plus
4
3
32.41
13.14
18.79
SBI Magnum Multicap Fund
5
2
39.28
17.26
21.14
Mid Cap Fund





Mirae Asset Emerging Bluechip Fund
5
2
50.63
24.6
30.73
Franklin India Prima Fund
4
3
40.93
17.95
25.2
Small Cap Fund





Reliance Small Cap Fund
3
2
65.37
26.42
34.37
L&T Emerging Businesses Fund
4
1
67.7
28.24
NA
ELSS Fund





Axis Long term Equity Fund
4
3
38.25
13.71
22.86
Aditya Birla Sun Life Tax Relief 96
5
2
45.96
17.96
22.14
*As on 28/12/2017 Data Source: Value Research Online

Large Cap Mutual Funds

1. SBI Bluechip Fund

SBI Bluechip Fund aims to provide investors with opportunities for long-term growth in capital. The scheme would invest in a diversified basket of equity stocks of companies whose market capitalization is at least equal to or more than the least market capitalised stock of S&P BSE 100 Index. Currently, the fund is predominantly large cap with opportunistic allocations to high conviction midcaps (up to 20%). The fund is suitable for investors who want exposure to blue-chip Indian companies from a medium to long-term perspective. This fund is managed by Ms. Sohini Andani and she is managing this fund since Sep 2010.
Scheme Name
Value Research Rating (Out of 5)
Crisil Rank
Returns in Percentage*


For quarter ended Sep 2017 
1 Year
3 Years
5 Years
Large Cap Fund




SBI Bluechip Fund
5
2
32.32
14.32
18.5
Mirae Asset India Opportunities Fund
5
2
40.14
16.25
20.96
*As on 28/12/2017

2. Mirae Asset India Opportunities Fund  

Mirae Asset India Opportunities Fund is an open-ended equity oriented scheme that strives to maximise opportunities under different market conditions. The investment approach of the scheme is centered around participating in high-quality businesses upto a reasonable price and holding the same over an extended period of time. The fund combines consistency of large caps with conviction ideas from midcaps. This fund is managed by Mr. Neelesh Surana and Mr. Harshad Borawake.



Multi Cap
Mutual Funds

1. Franklin India Prima Plus

The fund predominantly invests in companies that run large and established businesses and have a long track record. This fund also has some exposure to small cap and mid-cap companies to boost the growth potential of the fund without significantly increasing overall risk. The fund is suitable for Investors who are seeking long-term capital appreciation. This fund is managed by Mr. Anand Radhakrishnan, Mr. Janakiraman Rengaraju, and Mr. Srikesh Karunakaran Nair.
Scheme Name
Value Research Rating (Out of 5)
Crisil Rank
Returns in Percentage*


For quarter ended Sep 2017 
1 Year
3 Years
5 Years
Multi Cap Fund




Franklin India Prima Plus
4
3
32.41
13.14
18.79
SBI Magnum Multicap Fund
5
2
39.28
17.26
21.14
*As on 28/12/2017

2. SBI Magnum Multicap Fund

This scheme would invest in a diversified basket of equity stocks spanning the entire market capitalization spectrum and in debt and money market instruments. The fund invests 50-90% in large-cap, 10-40% in midcap and 0-10% in small cap. The fund aims to provide investors with opportunities for long-term growth in capital along with the liquidity. The fund is suitable for investors looking for capital appreciation with a long-term investment horizon. This fund is managed by Mr. Anup Upadhyay and he is managing this fund since February 2017.


Mid Cap Mutual Funds

1. Mirae Asset Emerging Bluechip Fund

Mirae Asset Emerging Bluechip Fund provides investors the opportunity to participate in the growth of today's medium sized but emerging companies which have the potential to perform well in the coming years. The fund predominantly invests in companies which are not part of top 100 stocks by market capitalization and have a market capitalization of at least Rs. 100 crores at the time of investment. This fund is managed by Mr. Neelesh Surana.
Scheme Name
Value Research Rating (Out of 5)
Crisil Rank
Returns in Percentage*


For quarter ended Sep 2017 
1 Year
3 Years
5 Years
Mid Cap Fund




Mirae Asset Emerging Bluechip Fund
5
2
50.63
24.6
30.73
Franklin India Prima Fund
4
3
40.93
17.95
25.2
*As on 28/12/2017

2. Franklin India Prima Fund

Franklin India Prima Fund invests predominantly in small and mid-sized companies which tend to exhibit higher growth rates than well-established large-sized companies. It aims to identify companies at an early stage of the business life cycle as they have a greater potential for growth. The fund is suitable for Investors who are seeking long-term capital appreciation. This fund is managed by Mr. Janakiraman Rengaraju, Mr. Hari Shyamsunder and Mr. Srikesh Karunakaran Nair.


Small Cap Mutual Funds

1. Reliance Small Cap Fund

The objective of the scheme is to generate long-term capital appreciation. The fund invests predominantly in equity and equity related instruments of small cap companies. The fund also focuses on generating consistent returns by investing in debt and money market securities. The fund focuses on identifying good businesses with reasonable size, quality management, and rational valuation. This fund is managed by Mr. Samir Rachh.
Scheme Name
Value Research Rating (Out of 5)
Crisil Rank
Returns in Percentage*


For quarter ended Sep 2017 
1 Year
3 Years
5 Years
Small Cap Fund




Reliance Small Cap Fund
3
2
65.37
26.42
34.37
L&T Emerging Businesses Fund
4
1
67.7
28.24
NA
*As on 28/12/2017

2. L&T Emerging Businesses Fund

L&T Emerging Businesses Fund is an open-ended equity growth scheme. The fund invests in emerging businesses which have the potential to become future giants and deliver higher alpha. The objective of the scheme is to generate long-term capital appreciation. It invests in equity and equity-related securities, including equity derivatives, in the Indian markets with key theme focus being emerging companies. This fund is managed by Mr. S. N. Lahiri and Mr. Karan Desai.



ELSS Mutual Funds

1. Axis Long Term Equity Fund

Axis Long Term Equity Fund is an ELSS with a 3-year lock-in. The investments under ELSS are eligible for IT exemptions under section 80C of the Income Tax Act, 1961. The scheme is suitable for an investment horizon of at least 3-5 years or more. This fund is suitable for Investors who are seeking capital appreciation over the long term and investment in a diversified portfolio predominantly consisting of equity and equity related instruments. This fund is managed by Mr. Jinesh Gopani since 01 Apr 2011.
Scheme Name
Value Research Rating (Out of 5)
Crisil Rank
Returns in Percentage*


For quarter ended Sep 2017 
1 Year
3 Years
5 Years
ELSS Fund




Axis Long term Equity Fund
4
3
38.25
13.71
22.86
Aditya Birla Sun Life Tax Relief 96
5
2
45.96
17.96
22.14
*As on 28/12/2017

2. Aditya Birla Sun Life Tax Relief 96

Aditya Birla Sun Life Tax Relief 96 is an open-ended ELSS Scheme with a lock-in of 3 years from the date of allotment. This fund provides tax benefit to investors under section 80C of the Income Tax Act. The investment objective of the fund is to save tax while growing your money through equity investments. The fund is suitable for investors who are seeking long-term capital growth. The fund invests in equity and equity-related securities. This fund is managed by Mr. Ajay Garg.


Disclaimer: This article is strictly for informational purposes only. Mutual funds do not guarantee any returns. Past performance of a fund may or may not sustain in the future. Please consult a mutual fund advisor or a financial planner before taking any investment decision.

Also read: How to invest in mutual funds online?
Also read: How to start a SIP? 



Also read: Direct mutual funds platform in India to invest online
Also read: All about ELSS | Equity Linked Savings Scheme | Tax saving mutual funds

If you liked this article, share it with your friends and colleagues through social media. Your opinion matters, please share your comments.
Best Mutual Funds SIP to invest in 2018

Citibank IN CPA - Credit Card IN