Do You know what is 54EC Bonds

Do You know what is 54EC Bonds

When individuals or businesses sell their capital assets they can accrue capital gains if the asset is sold for a profit or capital loss if the purchase price exceeds the sale price. Capital assets could include land, building etc which if held for more than 36 months or 24 months or 12 months depending on the asset, are called as Long term capital assets. When you accrue capital gain on the sale of such capital assets, the capital gain on such sale is subject to taxation. Long-term capital gain (LTCG) is taxable at 20% (with indexation) or 12.5 % without Indexation for real estate. This is where 54 EC Bonds come into picture to save your hard earned money from being heavily taxed! 54 EC Bonds are also called as Capital Gain Bonds. If a person invests the capital gains accrued from a sale of an asset, into capital gain bonds, they would be eligible for a tax exemption on such gains.

What are 54EC Bonds?

54EC Bonds are investment options that act as a tax saving mechanism! They are a type of bond which are part of fixed income instruments. When you invest in capital gain bonds or 54 EC Bonds, you would be eligible for a tax exemption.

These bonds are tax saving Bonds, the name of which is derived from Section 54EC of the Income Tax Act, 1961. Under this section, an investor need not pay any tax on any long-term capital gains arising on the sale of any property, if the amount accrued as of capital gains is invested in certain specified bonds. Capital gain bonds are one of the various eligible 54 EC investment options. These bonds are issued by certain permitted Public Sector Units which means these entities are backed by the government.

List of Capital Gain Bonds

REC Capital Gains Tax Exemption Bonds-Series – XX

PFC Capital Gain Tax Exemption Bonds –Series X

IRFC Capital Gain Tax Exemption Bonds –Series IX

HUDCO Capital Gains Tax Exemption Bonds - Series I

 Who issues 54 EC bonds

Only a few Public Sector Undertakings (PSUs) are permitted to issue 54 EC Bonds.

Following are a few frequent issuers :

REC - Rural Electrification Corporation Limited (REC 54EC Bonds)

PFC - Power Finance Corporation Limited

IRFC - Indian Railways Finance Corporation Limited

HUDCO - Housing & Urban Development Corporation Limited

Features of 54 EC Bonds

Here are a few features to keep in mind when you invest in 54 EC Bonds

Investment amount

The minimum investment amount is INR 20,000 (2 bonds) and the maximum amount is INR 50 Lakhs in a financial year (500 bonds)

Interest

54EC Bonds have an interest rate of 5.25% per annum currently which is payable annually. This income is taxable although no TDS is deducted.

Tenor

54 EC bonds have a maturity of 5 years from the date of issuance.

Lock-in

These bonds have a lock-in of 5 years from the date you invest which are then automatically redeemed at par at maturity

Holding

54 EC bonds can be held in your existing demat accounts or in physical form based on your preference.

Time Limit to invest

Investment in 54 EC Bonds should be within six months from the capital asset sale to avail the exemption

Exemption

Exemption is claimed only for profits from property sales comprising land and buildings, both residential and commercial

Benefits of 54EC Bonds

Safe and secure

Capital gain bonds 54 EC are a safe investment option as they are backed by the government and therefore carry minimal risk.

Tax saving option

Capital gain bonds are tax exempted which makes it a great tax saving investment option that can also be reinvested.

High Rating

54 EC Bonds have a rating of AAA as these bonds are backed by the government. This makes these bonds a safe investment option.

Additional income

Investors can earn 5.25% interest annually on their investment.

If you want to buy 54EC Capital Gain Bonds to save Tax , Contact us.

BUILD 1 CRORE IN 10 YEARS SIP BY SIP

 

How to Build 1 Crore in 10 years through SIP

 

Building Rs 1 crore in wealth is all you need are three things: consistency, patience, and discipline. There’s no secret formula, no “hot tips” , and definitely no unicorn sighting needed to build wealth. Just old-school endurance of investing regularly, ignoring the noise around market highs and low

 

The 10-year 1 crore plan

If you start an SIP of Rs 45,000 per month and continue for 10 years, assuming an annualised return of 12 per cent, your investment can grow to just over Rs 1 crore.

 

Why 12 per cent? Because that’s a reasonable, data-backed estimate. Over the past decade, large-cap mutual funds have delivered around 12.63 per cent annualised returns, so it’s not an exaggerated number.

 

If you feel you cant afford Rs 45000 SIP every month , you can start a Rs 37,000 monthly SIP, and simply increase your SIP by 5 per cent every year. This is something most of us can manage as our salaries grow. This step-up SIP ensures your investments keep pace with your income and inflation, helping you reach the same Rs 1 crore mark in 10 years.

 

Now for many investors, Rs 37,000–45,000 a month can feel daunting. At this point, it’s easy to get discouraged and think, “What’s the point if I can’t reach a crore in 10 years?”

But here’s the thing: you don’t have to become a crorepati in exactly 10 years.

 

There’s no stopwatch. Investing isn’t a race; it’s a lifelong journey.

 

And as long as you stay consistent, your patience will pay off. Big time.

 

Let’s say you start with a modest Rs 10,000 per month SIP and increase it by 5 per cent every year. Here’s what your journey would look like:

 

Year 1–10: Rs 27 lakh

Year 11–15: +Rs 38 lakh → total Rs 65 lakh

Year 16–20: +Rs 72 lakh → total Rs 1.37 crore

Year 21–25: +Rs 1.36 crore → total Rs 2.73 crore

 

See what happened there? The first 10 years felt slow, but the next 15 were explosive. In fact, your investment can grow far more than a crore (Rs 1.36 crore to be precise) between Years 21 and 25. That’s thanks to compounding

 

The magic of compounding

 

Compounding is the single most powerful concept in investing, and yet, it’s also the most underappreciated.

Think of it as “returns earning returns”. When your profits are reinvested, they start generating more profits, and over time, this snowballs into massive growth.

The secret isn’t genius stock-picking. It’s time.

 

The longer you stay invested, the more compounding works in your favour. That’s why starting early and staying invested matter far more than chasing short-term returns

 

CONCLUSION

Reaching Rs 1 crore may look like a distant dream, but it’s actually just a series of small, consistent steps.

 

Start small, but start now.

Increase your SIP amount as your income grows.

Stay invested, even when markets wobble.

Let compounding do the heavy lifting.

 

Because when you think about it, wealth isn’t built overnight — it’s built every day.

SIF : A New baby is born

 

SIF  : A New baby is born

What is SIF and How it is different from MF ??

What is MF

Most of us are familiar with Mutual Fund .  Mutual Fund pools money from many investors and invests in stocks, bonds, commodities  or a combination thereof, according to a stated investment objective. It is governed by SEBI’s mutual fund regulations and offers:

• Low minimum investment (as low as ₹500 SIPs)
• High transparency with daily NAVs
• Simple long-only strategies (equity, debt, hybrid, index)
• High liquidity with open-ended redemptions

What is a Specialised Investment Fund (SIF)?

A Specialised Investment Fund (SIF) is a new category of mutual fund-like scheme permitted to run complex strategies such as long-short, arbitrage, special situations, and hybrid allocations. It offers:

• Minimum investment of ₹10 lakh (HNIs, family offices)
• Single, defined advanced strategy per scheme
• Combines mutual fund governance with AIF-style flexibility
• Interval or restricted redemption structures

Key Differences Between SIFs and Mutual Funds

Below is a detailed comparison across major parameters.

1. Structure & Regulation

• Mutual Fund: Operates entirely under SEBI Mutual Fund Regulations. Every scheme is part of a mutual fund trust.
• SIF: Housed inside the mutual fund structure but regulated separately under SEBI’s SIF framework, with more flexibility for strategy.

2. Investment Strategy

• Mutual Fund: Primarily long-only (equity, debt, hybrid, index funds). Limited derivative usage for hedging.
• SIF: Advanced strategies like equity long-short, sector rotation, special situations, arbitrage, covered calls, pair trades, etc.  Detailed Guide on Types of SIFs in India.

3. Minimum Investment

• Mutual Fund: Very low entry barrier; ₹500–₹5,000 SIPs possible.
• SIF: High entry barrier; typically ₹10 lakh minimum per investor per strategy.

4. Liquidity / Redemption

• Mutual Fund: Mostly open-ended; daily purchase and redemption at NAV.
• SIF: Many are interval funds with limited redemption windows (e.g. twice a week) or lock-in periods.

5. Risk Profile

• Mutual Fund: Risks are linked to underlying asset class (equity, debt) but generally transparent and diversified.
• SIF: Strategy risk + derivative risk + liquidity risk. More complex than regular MFs; may exhibit hedge fund-like volatility.

6. Taxation

• Mutual Fund: Taxation depends on category (equity/debt); LTCG/STCG as per current laws.
• SIF: Generally LTCG at 12.5% beyond 12–24 months depending on asset class; taxed in investor’s hands; may be more efficient vs Cat III AIFs.

7. Transparency & Reporting

• Mutual Fund: Daily NAV disclosure, monthly factsheets, portfolio transparency.
• SIF: NAV disclosure as per SID; complex positions may be harder for retail investors to interpret.

8. Investor Suitability

• Mutual Fund: Suitable for retail investors, beginners, SIP investors.
• SIF: Designed for HNIs, sophisticated investors seeking tactical/hedge strategies.

Key Differences

 

Regulation : MF is strictly regulated by SEBI , While SIF is also regulated by SEBI but in addition has SIF framework regulation also,

 

Strategies : Its strategy is Long only , Long means only buy ( Equity, Debt, Commidity) and benefit from price rise in underlying Assets . So it mostly works in Bullish market. (MF does not do Short selling means first selling High and buying cheap later.)

SIF strategy is combination of Long, Short, Derivatives (Future, Option) , Hedge   all so it performs both in Bullish and Bear Market.

 

Minimum Investment : In MF you can invest as low as Rs. 500 one time or SIP  so it is popular among common people ( Aam Janta ki choice hai ye). In SIF minimum investment is Rs. 1000000 (Ten Lakh) initially   then can do SIP of any amount.

 

Liquidity : In  MF one can buy or sale any day and any time so it is highly Liquid. SIF can be purchased at interval and  redemption is limited only twice a week.

 

Risk : In MF risk is in Asset class components and also MF does not perform much in Bear market ( When market is falling). SIF strategy is Long – Short , Hedge all so can perform both in Bull as well as Bear Market

 

Transparency : MF is highly transparent , NAV is daily disclosed , you instantly know value of your Fund , SIF is complex investment strategy some components values are known only on expiry days

 

Taxation : MF taxation is Simple as it has only 3 classes Equity , Debt and Hybrid  and all are Long so only LTCG and STCG apply  .  SIF has many components Taxation on derivatives, Short and Long is different  and require calculation of Capital gain differently

     

---

Conclusion

Both Mutual Funds and SIFs operate under SEBI rules and regulations. In fact SIF is new variety of  Mutual Fund itself . But Mutual Fund is very simple and with access of common people . Garib aur Aam Janta bhi MF mei invest kar sakte hain . SIF is for rich and affluent class as every one can not invest Rs. 10 Lakh in one go . Before planning to invest in SIF  assess your income , corpus ,  risk tolerance, liquidity needs, and investment objectives before deciding.

Which one will give you more Profit on your Investment ??

That is the Biggest question . Well MF is proven strategy and every one know that investing in MF is always profitable in the Long run ( 3  years beyond) but SIF is a new born baby still in cradle , It is yet to see the light of Market , Face its volatiliy , show its maturity then only  future will tell its success rate.

Recently 3 SIF has been launched SBI MAGNUM SIF , Edelweiss Altiva SIF and Quant Mutual Funds QSIF and all of them are still in NFO stage.

If you have any queries , please ask us any day any time.

Happy Investing

 

@Ajit

SHOULD YOU INVEST IN SBI SIF

 

Minimum investment Requirement in one go is Rs. 10 Lakh so this article is for you only if you can invest Rs. 10 Lakh in one Fund and one go.... then read ahead...

 

Magnum Hybrid Long-Short Fund NFO Review 2025 – Should You Invest in SBI SIF?

 

SBI Mutual Fund has launched a new offering under its Specialised Investment Fund (SIF) platform – the Magnum Hybrid Long-Short Fund. This innovative product blends equity, derivatives, and fixed income strategies to deliver a balance between growth and stability. The NFO opens on October 1, 2025 and closes on October 15, 2025. If you are an investor seeking hybrid strategies with hedged and directional exposure, this article provides an in-depth review.

 

What is SIF?

Specialised Investment Funds (SIFs) are investment strategies offered under a pooled structure that combine equity, debt, and alternative strategies. Unlike conventional mutual funds, SIFs can take both long and short positions in equities and derivatives, allowing fund managers to capture opportunities across market cycles. SBI SIF offers multiple strategies, and the Magnum Hybrid Long-Short Fund is one of its flagship hybrid strategies.

SIFs under SBI include:

• Arbitrage & Derivatives-focused strategies – target low volatility returns.
• Hybrid Long-Short strategies – combine equity and derivatives for balanced risk/return.
• Fixed Income-oriented strategies – focus on debt with tactical equity exposure.
• Thematic or event-driven strategies – capitalize on special situations.

The Magnum Hybrid Long-Short Fund falls under the hybrid long-short category, which uses a mix of hedged equity, selective unhedged equity, derivatives, and debt instruments.

Magnum Hybrid Long-Short Fund NFO Issue Details

• Scheme Name: Magnum Hybrid Long-Short Fund (Magnum SIF)
• Mutual Fund: SBI Mutual Fund
• NFO Opens: 1 October 2025
• NFO Closes: 15 October 2025
• Minimum Investment: ₹. 10,00,000 (aggregate across SBI SIF strategies)
• Benchmark Index: NIFTY 50 Hybrid Composite Debt 50:50 Index
• Plans & Options: Regular & Direct Plans; Growth and IDCW options available.
• Fund Manager: Mr. Gaurav Mehta
• Re-opening for Continuous Sale/Repurchase: Within 5 business days from the date of allotment

Investment Objective

The objective of the Magnum Hybrid Long-Short Fund is to generate regular income through arbitrage opportunities and derivative strategies like covered calls, and to achieve long-term capital appreciation through selective unhedged equity exposure.

Asset Allocation Pattern

• Equity & Equity related instruments: 65–75%

o                    Hedged/Arbitrage/Derivative strategies: up to 75%

o                    Unhedged (short derivatives): up to 25%

• Debt & Money Market Instruments: 25–35%
• Units issued by REITs & InvITs: up to 10%
• Overseas Securities/ETFs: up to 35% of net assets

This allocation aims to provide a blend of income, liquidity, and growth potential while maintaining risk control through derivatives.

Why to Invest in Magnum Hybrid Long-Short Fund

• Diversification: Exposure across equity, derivatives, and debt.
• Active Risk Management: Use of hedging and arbitrage reduces volatility.
• Potential for Consistent Returns: Arbitrage income plus selective equity upside.
• Flexibility: Ability to take short positions to benefit from market declines.
• Professional Management: Managed by SBI Mutual Fund’s experienced investment team.

Risk Factors

• Market Risk: Equity and derivatives are subject to market fluctuations.
• Credit & Interest Rate Risk: Debt investments carry credit and interest rate risks.
• Derivatives Risk: Leveraged instruments can amplify gains and losses.
• Liquidity Risk: Limited redemption (twice a week) could restrict liquidity.
• Foreign Investments Risk: Currency and political risks on overseas exposures.

Investors must read the Investment Strategy Information Document (ISID) for full risk disclosures.

Who Should Invest in Magnum Hybrid Long-Short Fund?

• Investors with at least ₹. 10 lakhs to allocate across SBI SIF strategies.
• Those seeking a hybrid strategy combining equity, derivatives, and debt.
• Investors with moderate-to-high risk appetite who understand derivatives-based strategies.
• Those aiming for consistent returns with some growth potential over the medium to long term.

Conclusion – Should You Invest in Magnum Hybrid Long-Short Fund?

The Magnum Hybrid Long-Short Fund NFO offers a unique proposition for investors seeking a diversified hybrid strategy under SBI SIF. With a blend of arbitrage income, selective equity upside, and active risk management, it can suit HNI investors looking for medium- to long-term wealth creation with controlled volatility. However, investors should be comfortable with derivatives and hybrid strategies, and must meet the ₹. 10 lakh minimum threshold.

 If you understand market volatility , have basic knowledge of understandingh of stock , debt, commodity , derivatives etc being traded in stock exchange and risk associated with it and can put Rs. 10 Lakh in single scheme you can go for it . The risk reward will be worth . 

Please note that after initial investment of Rs 10 Lakh one can do SIP of any amount , SWP and STP like MF , all features are like MF but in MF trading is not allowed and market benefits from upwards trends only but in SIF trading is allowed and both in rising market and falling market so it benefits from both riing and falling market so provides likely  higher return.

Please note that article is only for your understanding and not an inducement to invest. Please understand that any type of Investment in capital Market involves Risk .

 

Understanding SIF

What is SIF ?

 What Are Long-Short Mutual Funds and How Do They Work?

Recently SEBI has approved a new Asset Class Called SIF Specialized Investment Fund (SIF)?

The Specialized Investment Fund (SIF) is a new category of investment product introduced by SEBI to bridge the gap between Mutual Funds (MFs) and Portfolio Management Services (PMS). While in Mutual Fund you can invest as low as Rs 500 , A PMS requires minimum 50 Lakh to invest . This 50 Lakh requirement is almost beyond the capacity of middle class investors , so  the regulator believes that while over the years, India’s financial market has witnessed an expansion in investment products with varying degrees of risk, complexity, and regulatory oversight, a gap exists between mutual funds and PMS. So the Concept of  SIFs was introduced which requires only 10 Lakh to invest  to provide a middle ground, offering portfolio flexibility while ensuring regulatory compliance and investor protection like MF and also benefit of PMS with regulatory protection.

To achieve the success of SIF the Concept of Long Short Fund has emerged and many Fund Houses has started Launching their SIF products like Quant MF has started QSIF Long Short Fund, SBI MF launching MAGNUM SIF and Edelweiss MF launching Altiva SIF and many other Fund houses are in the process of Launching their SIF products

Basically all these SIF will be based on “Long Short” concept

What is LONG SHORT Concept ?

We know that traditional MF schemes invests in equity funds Long way . (A long means Buy a stock first  in capital market )  – they buy stocks first at lower price  and benefit selling it when stock prices move up. Accordingly, equity funds can typically only deliver positive returns in bullish market conditions when stock price are moving up.

But there is another concept in stock market called “Short” means sell first and buy later . you will say how it is possible ? when we do not have stock at all how can we sell first ?

Well those familiar with stock market are also familiar with ‘Stock Borrowing “ &  “Future and Option” called derivatives strategies

Short selling means  borrowing a security, selling it on the open market, and then repurchasing it later at a lower price to return to the lender (in BEARISH market ).Benefitting from difference of prices.  Essentially, a short seller is betting that the security price will go down.

When a Fund Manager believes that a particular stock price may fall for some period , he may adopt short selling strategy – may sell the stock (through F&O or Stock Borrowing strategies) at a small price called premium  and later buy  it when   price falls and make profit ..

However it is risky strategy  It requires a deep understanding of market mechanics, careful risk management, and the ability of Fund manager to take quick decision of timely  entering and exit of market .

 So essentially in Long & Short fund , fund manager  makes profit no matter whether market is Bullish or Bearish

Is it for you ???

First understand that nothing is risk free in stock market , some actions and strategies have high risk while other have comparatively low risk. If you have long term perspective , Risk taking ability and good capital to Invest (Minimum 10 Lakh ) you can subscribe to SIF and get better return then MF .

@Ajit

FD का बाप

 FD का बाप है ये Fund 

आम तौर पर लोग बैंक FD को सुरक्षित समझते हैं क्योंकि इसमें रिस्क नहीं रहता है भले ही रिटर्न्स कम हो ।

आम तौर पर ज्यादातर लोग शेयर मार्केट को डुबाने वाला ही समझते हैं और उससे दूर ही रहना चाहते हैं , लेकिन आज हम आप को एक ऐसा फंड बताएंगे जो शेयर मार्केट से जुड़ा तो है लेकिन रिस्क बिल्कुल नहीं है और FD से अच्छा रिटर्न देता है , ये फंड है Arbitrage Fund. इस फंड में Risk लगभग जीरो है और रिटर्न FD से ऊपर और post tax return भी शानदार ।

क्या  है ARBITRAGE FUND ?

आर्बिट्रेज एक तरीका है जिसमें एक ही चीज (जैसे कोई शेयर) को एक बाज़ार में सस्ता खरीदकर, उसी समय दूसरे बाजार में महंगा बेच दिया जाता है. इस खरीद और बिक्री के फर्क से थोड़ा-थोड़ा मुनाफा कमाया जाता है. 

मान लीजिए एक शेयर की कीमत कैश मार्केट (जहां आज ही सौदा होता है) में ₹100 है.

वही शेयर फ्यूचर्स मार्केट (जहां भविष्य की तारीख में सौदा तय होता है) में ₹102 का मिल रहा है.

तो फंड मैनेजर उस शेयर को कैश मार्केट से ₹100 में खरीद लेगा और फ्यूचर्स मार्केट में ₹102 में बेच देगा. इस तरह ₹2 का फायदा मिल गया, वो भी बिना किसी रिस्क के.

ये फंड कैश मार्केट और फ्यूचर्स मार्केट के बीच कीमत के फर्क (Price Difference) को पहचानते हैं. फिर एक साथ शेयर खरीदते और बेचते हैं. फर्क से जो मुनाफा होता है, वो निवेशकों को मिलता है. यही है ARBITRAGE .

आज बैंक FD की कम ब्याज दरों के चलते लोग आर्बिट्रेज फंड्स की तरफ मुड़ रहे हैं. ये फंड्स कम जोखिम और बेहतर रिटर्न देते हैं. जून 2025 में इन फंड्स में 155 अरब रुपये का निवेश हुआ. आर्बिट्रेज फंड्स में लिक्विडिटी और टैक्स सेविंग भी मिलती है, जिससे ये एक स्मार्ट चॉइस बनते हैं. 

पिछले एक-दो वर्षों में आर्बिट्रेज फंड एक बेहतर विकल्प बनकर उभरा है. इसमें जोखिम काफी कम होता है और रिटर्न काफी अच्छा. ऊपर से टैक्स सेविंग और लिक्विडिटी भी मिले, तो और क्या चाहिए? अगर आप शॉर्ट टर्म में पैसा लगाना चाहते हैं और FD से बेहतर रिटर्न पाना चाहते हैं, तो आर्बिट्रेज फंड आपके लिए एक स्मार्ट चॉइस हो सकता है.

इन फंड्स की खास बात यह है कि इनमें से तब पैसा निकाला जा सकता है, जब जरूरत हो. इसके अलावा टैक्स में भी फायदा मिलता है. अगर आप 1 साल से कम समय के लिए निवेश करते हैं, तो STCG 20 फीसदी टैक्स लगता है, लेकिन 1 साल से ज्यादा रखने पर सिर्फ LTCG 12.5 फीसदी टैक्स देना होता है. वहीं, FD या लिक्विड फंड में मिलने वाला ब्याज आपकी इनकम स्लैब के हिसाब से टैक्सेबल होता है, जो हाई इनकम वालों के लिए महंगा पड़ सकता है.

Top Arbitrage Funds

SBI Arbitrage Fund, Tata Arbitrage Fund, Aditya Birla Arbitrage Fund, HDFC Arbitrage Fund, Invesco India Arbitrage Fund

उपरोक्त सारे आर्बिट्राज फंड 8 से 9% सालाना रिटर्न देते हैं वो भी बिना रिस्क के लेकिन खास बात यह है कि LTCG पर 12.5% ही TAX देना है वो भी Rs. 1.25 lakh से ज्यादा मुनाफा साल भर में निकालें तब ही , जब की FD की ब्याज पर तो आप को पूरे ब्याज पर स्लैब दर पर Tax देना पड़ेगा ।

तो अपना पैसा सेविंग बैंक या FD में क्यों रखना , आर्बिट्राज फंड में रखिए , जब जरूरत हो उसी मुताबिक निकालिए नहीं हो तो पार्क ही रहने दीजिए और FD से ज्यादा मुनाफा कमाए 

Disclaimer : This is only for educative purpose and not an inducement to invest .

@Ajit 

छोटा बच्चा जान के हमको ना समझाना रे

small is HUGE

आज कल कम समय में ज्यादा पैसा कमाना सबका उद्देश्य होता है चाहे बिजनेस करें या share market में पैसा लगाए । वैसे सीधे स्टॉक या शेयर में पैसा लगाना बहुत ज्यादा जोखिम भरा होता है क्योंकि आप के पास  मार्केट की चाल समझने न समय है न ही ज्यादा समझ , ऐसे में म्यूचुअल फंड में निवेश करना सबसे ज्यादा फायदेमंद और समझदारी भरी बात है क्योंकि म्यूचुअल फंड का मैनेजमेंट Expert  Fund Manager करते हैं और आप को Diversified OPTIONS मिलता है ।

म्यूचुअल फंड में अगर आज के समय में किसी Category ने Highest return दिया है तो वो है Small cap Fund .

क्या आप स्मॉल कैप Mutual Fund का मतलब जानते हैं?

आपने स्मॉल कैप फंड के बारे में जरूर सुना होगा. पिछले तीन साल में म्यूचुअल फंडों की स्मॉलकैप Mutual Fund स्कीम ने बेहतरीन रिटर्न दिया है. हालांकि, एक साल की अवधि में इनका रिटर्न बहुत अच्छा तो नहीं रहा

इसकी वजह शेयर बाजार में आई गिरावट है. इस गिरावट की मार स्मॉलकैप और मिडकैप शेयरों पर ज्यादा पड़ी है. लेकिन यही तो वो अवसर है जब की Small cap Fund में निवेश किए जाए क्योंकि गिरने के बाद ही मार्केट ऊपर जाती है ।

आइये आपको बताते हैं कि स्मॉल कैप Mutual Fund क्या होते हैं?

स्मॉल कैप Mutual Fund वैसे फंड होते हैं, जो कम मार्केट कैप (Market Capitalisation) वाली कंपनियों में निवेश करते हैं. शेयर बाजार में सूचीबद्ध ऐसी कंपनियों के कारोबार में वृद्धि की तेज संभावनाओं का आंकलन करने के बाद इनकी पहचान की जाती है.

मार्केट कैप के लिहाज से शेयर बाजार की शीर्ष 250 कंपनियों को छोड़कर बाकी कंपनियों में स्मॉल कैप Mutual Fund निवेश करती हैं. स्मॉल कैप Mutual Fund अपने निवेश की रकम का 65% तक छोटी कंपनियों में लगाते हैं. इसके बाद बची 35% रकम को फंड मैनेजर मिड, लार्ज या स्मॉल कैप कंपनियों के शेयरों में लगाते हैं.

स्मॉल कैप Mutual Fund की लोकप्रियता की क्या वजह है?

स्मॉल कैप Mutual Fund सेगमेंट में फंड मैनेजर के पास बड़ी संख्या में कंपनियों के शेयरों को चुनने की आजादी है. पूंजी बाजार नियामक सेबी की तरफ से स्कीम कैटेगरी की शर्तें तय करने के बाद फंड मैनेजर के पास लार्ज कैप और मिड कैप सेगमेंट में निवेश करने के विकल्प सीमित हो गए हैं.

जहां लार्ज कैप Mutual Fund सेगमेंट में सिर्फ 100 कंपनियां निवेश के लिए उपलब्ध हैं, वहीं मिड कैप Mutual Fund सेगमेंट में 150 कंपनियां हैं. स्मॉल कैप Mutual Fund सेगमेंट में 2,000 से अधिक कंपनियों के शेयर निवेश के लिए उपलब्ध हैं.

लार्ज कैप Mutual Fund सेगमेंट में एक ही कंपनी को 30-40 विश्लेषक कवर करते हैं क्योंकि ज्यादा large  cap companies nahin hai । जबकि BSE NSE के स्मॉल कैप इंडेक्स में कई कई शेयरों को एक विश्लेषक भी ट्रैक नहीं करता क्योंकि इतने ज्यादा कंपनी है कि सब fund house सबको ट्रैक करे यह आसान नहीं है । इससे फायदा यह होता है कि small cap Fund house अपने रिसर्च से अच्छा कंपनी में निवेश कर पाते हैं इसका फायदा आप को मिलता है ।

स्मॉल कैप सेगमेंट से फंड मैनेजरों के पास अल्फा जेनरेट करने की काफी गुंजाइश है. स्मॉल कैप Mutual Fund सेगमेंट बड़ा होने की वजह से फंड मैनेजर इनमें निवेश बढ़ाना चाहते हैं.

किन लोगों को स्मॉल कैप Mutual Fund में पैसे लगाने चाहिए?

निवेश करने से पहले आपको यह ध्यान रखना चाहिए कि स्मॉल कैप Mutual Fund हाई रिस्क मार्केट कैटेगरी है. इसलिए जो लोग निवेश में काफी जोखिम उठा सकते हैं और जिनका निवेश का नजरिया 5 — 7 साल का हो, उन्हें ही स्मॉल कैप Mutual Fund में निवेश करना चाहिए.

. अगर आप स्मॉल कैप Mutual Fund में निवेश कर रहे हैं तो SIP उत्तम माध्यम है . अगर आप रिटायरमेंट या बच्चे की शादी  या पढ़ाई जैसी लंबी अवधि के लक्ष्य के लिए निवेश करना चाहते हैं, तो आपके लिए स्मॉल कैप Mutual Fund अच्छे विकल्प साबित हो सकते हैं.

Small cap funds में अभी करीब 30 फंड्स है लेकिन यहां 5 top small cap funds के नाम दिए गए हैं  जिनके returns 25 से 37% CAGR है और जिसने 3 साल में निवेश डबल और 5 साल में 4 गुणा कर दिए हैं

1. Bandhan small cap fund (5star) 1 lakh को 3 साल में 2.34 लाख और 5 साल में 4.55 लाख कर दिए है ।

2. Nippon Small Cap Fund 5star) 1 lakh को 3 साल में 2.06 लाख और 5 साल में 4.80 लाख कर दिए है ।

3. Invesco Small Cap Fund 4star) 1 lakh को 3 साल में 2.15 लाख और 5 साल में 4.17 लाख कर दिए है ।

4. Tata Small Cap Fund (4star) 1 lakh को 3 साल में 2.01 लाख और 5 साल में 4.20 लाख कर दिए है ।

5. HDFC Small Cap Fund (3star) 1 lakh को 3 साल में 2.01 लाख और 5 साल में 4.30लाख कर दिए है ।

Note यह सामान्य जानकारी के लिए ही है , निवेश की सलाह नहीं हैं, म्यूचुअल फंड लंबी अवधि निवेश के लिए होती है । जोखिम तो है लेकिन धैर्य हो तो अच्छी रिटर्न निश्चित है ।

@अजीत