An open-ended Equity Linked Savings Scheme.

Summary

Type	An open-ended ELSS fund	Benchmark Index	BSE 200 Index
Min. investment: Additional purchase: Min. Redemption:	Rs.500/- & in multiples of Rs 500 thereafter Rs.500/- & in multiples of Rs 500 thereafter Rs.500/- and in multiples of Rs.1/-thereafter or the balance in the unit holder’s folio, whichever is lower.	Plans: Options under each plan:	Regular Plan: Direct Plan:   Growth Dividend Dividend Pay-out Facility and Dividend Transfer Facility
Face Value	Rs 10 per unit	Expense Ratio:	Maximum up to 2.50%
Entry Load	Nil	Exit Load:	Nil (lock in period- 3 years)
Issue Opens	October 19, 2015	Issue Closes:	December 4, 2015

 

Investment Objective*

The investment objective of the scheme is “to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time.”

*Source: Scheme Information Document

 

Is this fund for you?

DHFL Pramerica Tax Savings Fund (DPTSF) will actively manage a diversified portfolio seeking strong growth companies with sustainable business models. The fund will reduce risk through diversification of the portfolio, which the AMC aims to achieve by spreading the investments over a range of industries, sectors and market capitalizations.

The Investment Manager will select equity securities on a top-down and bottom–up, stock–by– stock basis, with consideration given to price–to–earnings, price–to–book, and price–to–sales ratios, as well as growth, margins, asset returns, and cash flows, amongst others. The Investment Manager will use a disciplined quantitative analysis of financial operating statistics.

The asset allocation under normal circumstances:

 

Instruments	Indicative allocations (% of total assets)		Risk Profile High/Medium/Low
	Minimum	Maximum
Equity & Equity Related Instruments	80%	100%	High
Cash, Money Market Instruments & Liquid schemes of DHFL Pramerica Mutual Fund	0%	20%	Low to Medium

*Source: Scheme Information Document  

Fund Manager Profile

Mr. Brahmaprakash Singh has over 18 years of experience in broad based investment management. He holds an MMS degree to his credit. He is the Executive Director & CIO of Equity at DHFL Pramerica Asset Managers Private Limited. Prior to working with DHFL Pramerica Asset Managers he was the Chief Investment Advisor at BCP Advisors Private Limited.

Mr. Ritesh Jain has over 13 years of experience in Fixed Income fund Management and overlooking processes, system and risk management with respect to fixed Income investments. He is the Executive Director & Head of Fixed Income at DHFL Pramerica Asset Managers Private Limited. Prior to working with DHFL Pramerica Asset Managers he was the Head of Fixed Income at Morgan Stanley Investment Management Private Limited.

 

Fund Outlook

Considering the fund’s investment objective, indicative asset allocation and suggested portfolio strategies, it is likely that, the fund will invest predominantly in high growth companies. The fund may remain unbiased to any marketcapitalisation. The success of DPTSF largely depends on how the fund manager balances between valuations and the growth prospects of a company. Therefore, quality of risk management will play a crucial role in deciding how the fund performs in future. Being an Equity Linked Savings Scheme (ELSS) where investors are locked in for a minimum period of three years, the fund manager is likely to take positions in stocks with a long term view.

  DISCLOSURE AS PER SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014  

About the Company including business activity

Quantum Information Services Private Limited (QIS) was incorporated on December 19, 1989.

QIS was promoted by Mr. Ajit Dayal with an objective of providing value-based information / views on news related to equity markets, the economy in general, sector analysis, budget review and various personal products and investments options available to the Public. It was the first company to start equity research on an institutional level.

‘PersonalFN' is a service brand of QIS and was started in the year 1999. In 1999, the Company registered the Domain name www.personalfn.com for providing information on mutual funds and personal financial planning, financial markets in general, etc and services related to financial planning and research in various financial instruments including mutual funds, insurance and fixed income products to customers. It offers asset allocation and researched investment recommendations through its financial planning services.

Disciplinary history

There are no outstanding litigations against the Company, it subsidiaries and its Directors.

Terms and condition on which its offer research report
For the terms and condition for research report click here.

Details of associates

1. Money Simplified Services Limited;
2. PersonalFN Insurance Services India Limited ;
3. Equitymaster Agora Research Private Limited;
4. Common Sense Living Private Limited;
5. Quantum Advisors Private Limited;
6. Quantum Asset Management Company Private Limited;
7. HelpYourNGO Private Limited;
8. HelpYourNGO Foundation;
9. QIEF Management LLC, Mauritius
10. Natural Streets for Performing Arts Foundation;
11. Primary Real Estate Advisors Private Limited;
12. Rahul Goel;
13. Ajit Dayal;
14. I V Subramaniam.

Disclosure with regard to ownership and material conflicts of interest
 

1. Neither QIS, it's Associates, Research Analyst or his/her relative have any financial interest in the subject Company, except QIS receives fees for providing research to Quantum Equity Fund of Fund (QEFoF) which is Fund of Fund scheme managed by QMF and our associates has financial interest in the subject company.
2. Neither QIS, it's Associates, Research Analyst or his/her relative have actual/beneficial ownership of one per cent or more securities of the subject Company, at the end of the month immediately preceding the date of publication of the research report.
3. Neither QIS, it's Associates, Research Analyst or his/her relative has any other material conflict of interest at the time of publication of the research report except that QIS is, as per SEBI (Mutual Funds) Regulations 1996, an associate / group Company of Quantum Asset Management Company Private Limited and Trustees and Sponsor of Quantum Mutual Fund (QMF) and to that extent there may be conflict of interest while recommending any schemes of QMF. However any such recommendation or reference made is based on the standard evaluation and selection process, which applies uniformly for all Mutual Fund Schemes. The payment of commission (upfront /annualized & trail), if any, for any Schemes by QMF to QIS is also at arm's length and as per prevailing market practices.
    

Disclosure with regard to receipt of Compensation

1. Neither QIS nor it's Associates have any compensation from the subject Company in the past twelve months.
2. Neither QIS nor it's Associates have managed or co-managed public offering of securities for the subject Company in the past twelve months.
3. Neither QIS nor it's Associates have received any compensation for investment banking or merchant banking or brokerage services from the subject Company in the past twelve months.
4. Neither QIS nor it's Associates have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
5. Neither QIS nor it's Associates have received any compensation or other benefits from the subject Company or third party in connection with the research report
    

General disclosure

1. The Research Analyst has not served as an officer, director or employee of the subject Company.
2. QIS or the Research Analyst has not been engaged in market making activity for the subject Company.
    

Subject Company means Mutual Fund Schemes

Quantum Information Services Pvt. Ltd. 101, Raheja Chambers, 213, Nariman Point, Mumbai - 400021. Tel: +91 22 6136 1200
Website : www.personalfn.com CIN: U65990MH1989PTC054667

 

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Quantum Information Services Pvt. Ltd. 101, Raheja Chambers, 213, Nariman Point, Mumbai - 400021. Tel: +91 22 6136 1200
Website : www.personalfn.com CIN: U65990MH1989PTC054667

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