Prajna Capital

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• Mutual Fund Application Online and Mutual Fund Online Investing
• Income tax Section 80CCF - A Tax saving Scheme that has Buyback Option IDFC Infra Bonds
• Average Assets under Management (AAUM) for the quarter of July - September 2011
• Know Your Client (KYC) and Mutual Fund - Part III

Mutual Fund Application Online and Mutual Fund Online Investing Posted: 06 Dec 2011 07:33 PM PST Download Mutual Fund Application Forms, Additional Purchase Forms for Mutual Funds, Mutual Fund SIP / STP / SWP Forms, ECS Stoppage Forms, and Other Mutual Fund Service Forms for ALL Mutual Funds companies from this single location.   Download Mutual Fund Applications   Buy Mutual Funds Online by selecting the Mutual Fund Schemes.   Invest in Mutual Funds Online Mutual Funds Online

Income tax Section 80CCF - A Tax saving Scheme that has Buyback Option IDFC Infra Bonds Posted: 06 Dec 2011 09:15 AM PST IDFC has come out with a public issue of long-term infrastructure bonds in the form of secured redeemable non-convertible debentures. Investments of up to . 20,000 in these infrastructure bonds are eligible for tax exemption under section 80CCF. This is in addition to the . 1 lakh limit available under Section 80C, 80CCC and section 80CCD of the Income-Tax Act. The issue is currently open and will close for subscription on December 16. The bonds on offer have two investment options. While series 1 carries a 9% coupon, payable annually, series 2 is a cumulative option where 9% will be paid compounded annually. The face value of each bond is . 5,000 and one can apply for a minimum of two bonds. The bonds have a lock-in period of five years. At the end of five years, you can sell the bonds on NSE. Also, there is a buyback facility available. Investors can subscribe to these bonds in either the physical form or in demat form. An investment of . 20,000 would fetch a tax exemption of . 2,060 if your tax rate is 10.3%, . 4,120 (if your tax rate is 20.6%) and . 6,180 (if your tax rate is 30.9%). These bonds have got the highest credit rating of AAA from both ICRA and Fitch. The investment limit of . 20,000 per annum for tax benefits in these bonds is in addition to that available under Section 80C, 80CCC and 80CCD. You can't exit these bonds before five years because of the mandatory lock-in period.   Download Section 80CCF Tax Saving IDFC Infrastructure Bonds Application Form   https://sites.google.com/site/infrabondapplications/home/IDFC-Infrastructure-Bond-Application-Forms   Download Section 80CCF Tax Saving L&T Infrastructure Bonds Application Form   https://sites.google.com/site/infrabondapplications/home/l-t-long-term-infrastructure-bond-for-year-2011---2012   Find a collection canter:   Collection canter near you

Average Assets under Management (AAUM) for the quarter of July - September 2011 Posted: 06 Dec 2011 08:35 AM PST Average Assets under Management (AAUM) for the quarter of July - September 2011 (Rs in Lakhs) Sr No Mutual Fund Name Average AUM Excluding Fund of Funds - Domestic but including Fund of Funds - Overseas Fund Of Funds - Domestic 1 AIG Global Investment Group Mutual Fund 72261.76 0 2 Axis Mutual Fund 754478.45 0 3 Baroda Pioneer Mutual Fund 339858.69 0 4 Bharti AXA Mutual Fund 17613.38 0 5 Birla Sun Life Mutual Fund 6421703.15 3153.14 6 BNP Paribas Mutual Fund 524323.56 0 7 Canara Robeco Mutual Fund 692014.56 0 8 Daiwa Mutual Fund 78908.30 0 9 Deutsche Mutual Fund 1276082.58 0 10 DSP BlackRock Mutual Fund 3008371.45 0 11 Edelweiss Mutual Fund 44717.07 0 12 Escorts Mutual Fund 20573.31 0 13 Fidelity Mutual Fund 911951.33 9746.53 14 Franklin Templeton Mutual Fund 3441037.27 175690.09 15 Goldman Sachs Mutual Fund 435758.53 0 16 HDFC Mutual Fund 9182711.19 0 17 HSBC Mutual Fund 495213.26 0 18 ICICI Prudential Mutual Fund 7521710.50 6955.92 19 IDBI Mutual Fund 492581.02 0 20 IDFC Mutual Fund 2890821.24 44959.55 21 IIFL Mutual Fund N/A N/A 22 Indiabulls Mutual Fund N/A N/A 23 ING Mutual Fund 103605.28 36973.39 24 JM Financial Mutual Fund 646827.17 0 25 JPMorgan Mutual Fund 474769.91 0 26 Kotak Mahindra Mutual Fund 3210078.50 34372.71 27 L&T Mutual Fund 413549.35 0 28 LIC NOMURA Mutual Fund 707533.41 0 29 Mirae Asset Mutual Fund 44662.09 0 30 Morgan Stanley Mutual Fund 197142.05 0 31 Motilal Oswal Mutual Fund 27767.72 0 32 Peerless Mutual Fund 560838.04 0 33 Pramerica Mutual Fund 150488.80 0 34 PRINCIPAL Mutual Fund 453561.97 0 35 Quantum Mutual Fund 15669.30 457.63 36 Reliance Mutual Fund 9066060.39 147965.95 37 Religare Mutual Fund 1104213.93 0 38 Sahara Mutual Fund 45583.04 0 39 SBI Mutual Fund 4773139.40 6206.65 40 Sundaram Mutual Fund 1510957.25 0 41 Tata Mutual Fund 2263377.94 0 42 Taurus Mutual Fund 536733.62 0 43 Union KBC Mutual Fund 86937.37 0 44 UTI Mutual Fund 6257986.12 0 Grand Total 71274173.25 466481.56

Know Your Client (KYC) and Mutual Fund - Part III Posted: 06 Dec 2011 07:44 AM PST Q Why do I need to give my Income details? How can I be sure that it will not be misused? A As per PMLA, it is mandatory for Mutual Funds to obtain financial status details from its investors. It is for this reason that the Income details are sought. Please note that no proof / income documents are required. The information given you in the KYC Application form will be treated in a confidential manner and used for regulatory purposes if called for. Q Do I need to inform about my change of Income status? A Yes. If you find an increased/decrease in your income, which would effectively, changed the income bracket that you have declared in the KYC Application form, you should apply to any convenient PoS in the specified form. No proof is needed. Q Can an investor give a COA (Change of Address) along with redemption request? A The redemption transaction accompanied by a KYC Acknowledgement form is likely to be processed without effecting the change of address request. Q Is the KYC Acknowledgement a separate form or is it a part of the Mutual Fund application. Which of the forms require being time-stamped? A KYC Acknowledgement will be done on the photocopy of the form. Time stamping is not required on the KYC Acknowledgement. Q What do I do once I have received my KYC Acknowledgement? A Once the investor is KYC compliant, he will be required to intimate his KYC details to all the Mutual Funds with whom it has investments. The same will be updated in the records of the Mutual Fund. Q What if I have already completed the earlier KYC (MIN) procedure with CVL ? Scenario 1 If the KYC (MIN) was completed by submitting the PAN, the Acknowledgement obtained at that time can be enclosed along with the Investment Application Form(s) / Transaction Slip(s) while investing for the first time in every folio as the PAN number will be stated on the said acknowledgement. You need not repeat the process now. Scenario 2 If the KYC (MIN) was completed without submitting the PAN but with other proof of identity documents, for such cases, CVL will send out a communication to the respective investors requesting them to submit self attested copy of PAN card for KYC compliance.

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