Posted by:  My Multibaggers on ( 09-May-08 03:45 ) | | | Price : BSE: Rs 116.15 ( -1.61 % ), NSE: Rs. 116.25 ( -1.52 % ) | Dear friends,
your mind will stop working if you will calculate the kind of returns these mutual funds have given just because of dividend payments.
Be ready to read further....
Concentrate...take a deep breath...
now go...
Birla Sun Life Tax Relief 96 (D):
Rs.75 (Rs.25 + Rs.50) & Rs.76 (Rs.26 + Rs.50) paid as a dividend in 2006 & 2007 respectively. In start of 2008 Rs.20 has already been paid as a dividend
Current NAV: Rs.93.66/- per unit (9th May 2008)
Principal Personal Tax Saver Fund:
Rs.60 (Rs.20 + Rs.40) & Rs.22 (Rs.11 + Rs.11) paid as a dividend in 2008 & 2007 respectively.
Current NAV: Rs.93.88/- per unit (9th May 2008)
SBI Magnum Tax Gain Scheme (D):
Rs.11 has been paid as a dividend in both 2008 & 2007 respectively.
Current NAV:53.82 per unit (9th May 2008)
Assumptions:
# Suppose next year too;
a) Birla Sun Life Tax Relief 96 (D) announce Rs.75/- yearly Dividend
b) Principal Personal Tax Saver Fund announces Rs.60 yearly Dividend
c) SBI Magnum Tax Gain Scheme (D) announces Rs.11 yearly Dividend
Then,
Person, who has invested Rs.10,00,000 at today's NAV will get cheque of dividend next year amounting to....
Rs.7,87,500/- (on approx. 10,500 units) from Birla Sun Life Tax Relief 96 (D)
Rs.6,24,000/- (on approx. 10,400 units) from Principal Personal Tax Saver Fund
Rs.2,00,200/- (on approx. 18,200 units) from SBI Magnum Tax Gain Scheme (D)
Shocked.....ha...ha...ha...
This is called research....
BUT
Dividend pay outs are depend on market performances by fund houses. Many schemes pay dividends. But so many schemes are irregular in paying Dividends every year.
Above 3 schemes are paying dividend continuously since last 3 to 6 years.
If we estimate even half of our Dividend assumption as these MF's will pay next year, then too we will get:
Rs.3,93,750/- (on approx. 10,500 units) from Birla Sun Life Tax Relief 96 (D)
Rs.3,12,000/- (on approx. 10,400 units) from Principal Personal Tax Saver Fund
Rs.1,00,100/- (on approx. 18,200 units) from SBI Magnum Tax Gain Scheme (D)
Aren't they look very interesting?
Take the best decision. |
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