Balanced funds are suggested for those who are willing to have a stabilized return for their investments. These balanced funds are suggested for people who are not ready to take the risks of the market. The balanced funds are making a part of their investment in debentures too apart from the normal investment in equities. Whereas in the case of diversified equity funds, the total investment will be done in equities. Balanced fund from TATA is an attractive one. This fund ensures us the high return from the equities along with the secured returns from the debentures. The fund is making about 70% investment in equities and 30% in debentures. This fund had made a growth of about 91% in last year.

At present the fund is having about 74.35% investment in equities and 19.27% in debentures. The major investments in the equities are with companies such as Lupin, Oracle Financial services, Crompton Greaves etc. The debenture investment includes Export Import bank, State bank of Bikaner, IDBI bank, Punjab National bank, ICICI bank etc.

This fund was early known as TATA equity growth fund. TATA twin balanced fund is dissolved in this fund. Investments in this fund can be made through systematic investment also. The risk grade of this fund is average and the return grade is above average. This fund is suggested for long term investors who are not willing to take risks. The last bonus was declared on April 24, 2009. The fund is the one among the 5 funds that had made highest gain in last 3 years,

Crisis cover is a term policy from ICICI prudential that provides the life coverage along with the coverage from 35 serious illnesses.  The term policy can thus provide the coverage similar to a mediclaim policy. In crisis cover the diseases are classified into two. For the first set of diseases the policy owner will get the sum assured totally. For the second category of diseases, the policy owner will get 50% of the sum assured for Angioplasty or maximum 5 lakh Rs, whichever is lesser. The maximum coverage for diseases under this section is 10 lakh Rs. Apart from this coverage, if death or permanent disability happens, this policy returns back the sum assured completely.

Persons from 18 years to 60 years can join in this Policy. The minimum sum assured is 3 lakhs Rs and Maximum sum assured is 20 lakhs. The annual premium for a person with 25 years of age for a term of 15 years is Rs 2435. For a person with 45 years of age it is Rs 9804.

Birla Sun life tax Relief 96 is an equity based tax saving scheme. Even though the middle term performance of this fund is average, it can provide good and returns. The lock in period for this scheme is only 3 years and it provides good return in long term. The scheme was started on March 1996. The annual return from the initial date is 32.72%. 29.91% is the average return for last 5 years. The fund is having a better performance that the BSE benchmark of 200. This fund was having a black time in the year 2008. It secured its position in the very next year. The annual return of the fund for one year is 125.86% and 13.20% for 3 years. In 2008, it was having a negative return rate of 62.67%.

The major portion of the fund is invested in large cap equities. About one third was invested in small and midcap equities. The fund is having an asset of 1220.07 crore Rs. This fund has investments of 61.72 % in large cap shares, 22.12% in mid cap shares, 15.13% in small cap shares and 0.36% in tiny cap shares. At present the fund is having a cash reserve of 1.84%.

The fund is having 49 shares. The major investment is the Reliance Industries which is 7.01%. The portfolio also includes 5.22% Infosys, 4.72% L&T, 4.17 % Jindal steel and power, 3.97% SBI etc. The major investments are done in the financial sector. It is about 24.56%. It was about 31% before 3 months before. The other investment areas include 13.56% in Energy sector, 12.28 in Engineering, 11.45 in metal and 8.62% in technology.

The fund was able to show good performance when the market is bullish. This performance is not achieved at the bearish time. This fund is better for long term investors. The fund is a combination of risk above average and return above average. The fund also provides option of investing up to 20% in DET instruments. 20% of the investment can also be done in money market. The fund manager is Mr. Ajay Garg. The current NAV is 80.79 Rs. The highest NAV for last 52 weeks is 89.26 Rs and lowest NAV is 40.8 Rs. This fund is suggested for long term investors. Tax benefits are also obtained along with the return from this fund.

DWS alpha equity regular is an open ended long term equity fund which aims at long term capital growth. DWS Alpha equity regular maintains investment in a diversified portfolio of equity and equity related securities. The benchmark followed is NSE Nifty. Dividend and growth plans are available in this scheme.

The application amount for the DWS Alpha Equity Regular plan is Rs 5000. Further investments can be done in multiples of Rs 1. The minimum redemption is Rs 1000 and in multiples of Re 1 thereafter. Investments by NRI’s are allowed on a full repatriation basis which needs the approval of Reserve Bank of India if any. There is no Entry load. There is an exit load of 1 % if redeemed or switched out within one year of allotment. Exit load won’t be charged for the switching of options in the same scheme. In the case of switching to DGTOF of Deutsche Mutual Fund, there won’t be any differential loads charged. For the allotted bonus units and reinvested units there is no exit load charged.

The 1 year return in percentage is 65.17%. The 3 year return is 12.59% and the worst quarter returns is -36.08%. The sharpe ratio is 0.38 and risk score is 0.88. The net asset value is 73.04 Rs and average assets under management is 204.22 crore Rs.

Sahara growth is a large cap mutual fund. The investment objective of this fund is to achieve capital apperciation by investing in equity and equity related instruments. The minimum amount of investment is 3000 Rs and additional amount is Rs 500 and in multiples of Rs 1. There is no entry load for this fund and has an exit load of 1% if redeemed on or before 12 months. No exit load if redeemed after 12 months. The fund was launched on 3rd september 2002.

The one year returns in percentage is 69.71 %. The 3 year returns is 15.65% and the worst quarter return is -30.25 The sharpe ratio is 0.46 and the risk score is 0.83.The NAV of this fund is 77.97 Rs and the average assets under management is 6.06 crore Rs.

This fund constitutes equity and equity related securities of 100 large companies listed in India. This is an open ended growth scheme. The sectors in which the investment is made are Banks, Petroleum products, Software, Pharmaceuticals, Power, Industrial Capital Goods, Construction Project, Consumer Non Durables, Auto, Gas. The important stocks held by this fund are Reliance Industries, Larsen & Toubro, Tata Consultancy Services, State Bank of India, Bharat Petroleum Corpn, GAIL (India), Infosys Technologies, Cipla, ITC, Tata Power Co.

STP, SWP, Nomination and Direct deposit application facilities are available with this scheme. The Redemption proceeds issued normally within 3 Business Days and the NAV is declared on all business days.

The Plans available are regular and institutional. In regular the minimum investment is of Rs 5000 and the investments thereafter in the multiples of Rs 1. The minimum investment in the institutional plan is Rs 5 crore and multiples of Rs 1 thereafter.

The percentage of return for 1 year is 77%. The 3-year returns are 16.74 %. The worst quarter returns is -30.99 %. The sharpe ratio is 0.50 and the risk score is 0.81. The Net Asset Value is 91.12 Rs and the average assets under management is 2,406.60 crore. DSP BR Top 100 Equity Reg is the major player among the large cap funds.

This Daily Investment plan of L&T mutual fund facilitates the investors to transfer the amount daily from fixed deposits to the open ended equity schemes. The daily investments in the equity schemes of the company can provide profit for the investors in accordance with the day to day fluctuations in the Share market. The minimum investment limit is 10000 Rs. Subscription has already being started. In the “Eligible Equity Scheme” investor can deposit 50 Rs daily. L&T Mutual fund authorities says that this new schemes makes the investors to familiarize the market changes.

The tution fees of your children have something efficient to do in your tax planning. Let us see how tax saving can be achieved through the tution fees. The reduction in income tax is in accordance with section 80 c in the income tax rules.

The tution fee is only considered for the tax reduction.  The donations offered at the time of admission and the development fees etc paid are not considered.

The tax deduction is calculated for the fees paid for the full time courses in India. The courses are not restricted to the courses from government affiliated colleges.  The fees paid in parallel and tutorial colleges are also considered. The fees paid for education abroad are not considered.

The tax deduction is considered in the limit of 1 lakh rupee considered under section 80 c. The tution fees of only 2 children can be considered for the tax reduction for a tax payer.