Only few days are left to invest for saving tax under section 80C -Income Tax Act for the financial year 2009-2010. The ELSS mutual funds are declaring dividends to lure investors.

ICICI Tax Plan

• Dividend: Rs. 1.00 per unit
• NAV : Rs. 18.77 per unit ( as on 17/03/2010)
• Record Date: 19-March-2010
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Canara Robeco Canequity Tax Saver Fund -

• Dividend: Rs. 2.00 per unit
• NAV : Rs. 20.70 per unit ( as on 17/03/2010)
• Record Date: 19-March-2010
• Download form

Sundaram BNP Paribas Tax Saver Fund -

• Dividend: Rs. 1.00 per unit
• NAV : Rs. 12.03 per unit ( as on 17/03/2010)
• Record Date: 19-March-2010
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To check latest NAV of the schemes, click here. After record date, NAV will fall to the extent of dividend declared.

Mutual Funds are subjected to market risks. Please read scheme information document carefully before investing.

Sundaram BNP Mutual Fund AMC has launched yet another Equity Fund  - Sundaram BNP Paribas PSU Opportunities Fund. It is a diversified equity fund that will equity and equity-related securities of public sector companies to the extent of atleast 65%. The fund may also invest in bonds and other fixed-income instruments issued by public sector entities.

NFO start date: 25-November-2009

NFO End date: 23-December-2009

Issue price: Rs. 10.00

Sundaram BNPP PSU Fund’s other features:
Options: Growth and dividend
Entry load: Nil
Exit load: 1% for units redeemed within one year from allotment date
Minimum application: Rs 5,000 and in multiples of one rupee thereafter
Fund manager: Venkatesan

Sundaram BNP Paribas PSU Opportunities Fund - Download Form

Why you should invest in PSU Fund?

As per Sundaram BNP Paribas mutual fund AMC, following are the reasons to invest in this fund-

•      PSUs are focussed on the high-growth sectors of the economy - energy, financial services, infrastructure and utilities.
•     Demonstrated ability to create share holder value: Basket of 48 PSUs listed since 2000 have shown a CAGR of 24.2% as opposed to S&P CNX 500 which showed 13.5%.
•     Robust financials: moderate leverage, sizeable cash & investments.
•     As more equity is sold in existing PSUs, floating stock will improve as will institutional investor interest in PSUs.
•     The ownership of floating stock is well distributed between FIIs, DIIs and retail investors indicating good appetite for PSU stocks.
•     PSU stocks’ share in benchmarks likely to rise as floating stock improves. This will attract more funds, especially from FIIs and exchange-traded funds tracking India, which are becoming a dominant way to play the India story for foreign investors.
•     The first few years as a post-privatised entity have led to robust improvement in operational efficiencies, stock price & valuation. This fund will also play this subtheme.
•     PSUs trade at a discount of about 25% to the broad market and 40% discount to the private sector. If there is a 50% re-rating of PE multiples, potential increase in value of listed PSUs could increase by about $58 billion.

Sundaram BNP Paribas mutual fund has decided to give away dividend on Sundaram Financial Services Opportunity Funds.

Dividend: Rs. 2.00 per unit

NAV : Rs 13.61 (as on 04-11-2009)

Record Date: 6th November, 2009

Sundaram Financial Service Opp. Fund Performance

Sundaram BNP Paribas has announced 10% dividend on its SBNPP financial services opportunites fund.

The record date has been set to 12th June. Its NAV as on 8th June, 09 is Rs. 12.6856. Its latest NAV can be found here. ♥

Investors will get Re.1 (on its face value of Rs.10) for every unit they own.

Sundaram BNP Paribas has announced 10% dividend on its Entertainment & opportunity fund. The record date has been set to 5th June, 09.

The fund’s age is not even a year, still  it has delivered the growth of 32% (approx) as on 2nd June, 2009

It has indeed outperformed its peers. All details, company wise allocation, sectorwise allocation can be found here

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Check top performing funds

To attract customers, mutual fund asset management companies come up with different tactics. But, no tactic can be better than the one that directly benefits the customer.
Sunadaram BNP Paribas mutual fund has announced not to charge entry load on its India leadership fund. This means that investors will not have to pay any charge over and above existing NAV of the fund. The scheme will continue till 14th October, 2009
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Although entry-load, which is normally charged at 2.25% of NAV, should not be the criteria to select a fund, Sundaram India leadership fund will be able to get more business from this scheme.

Do you want to know which is the best mutual fund scheme? Which fund will fetch you highest return? Just read this article

For more information, please visit here and let your money grow!
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