Prajna Capital

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• IRFC Tax Free Bond Issue Details
• Effective Tax Planning
• Tata Mutual Fund new FMP - Tata Fixed Maturity Plan Series 39
• Debt Mutual Funds to make money for you soon
• SBI Tax Saver Online
• List of Tax Saving Mutual Funds
• Rent Payment to Parents for tax benefits
• Download IRFC Tax Free Bond Application Forms
• Save tax with Leave Travel Allowance ( LTA )
• Investment Norms eased in India for foreign investors – FIIs
• IRFC and Hudco Bonds collect over Rs 10k Crore
• HUDCO Tax Free Bond Details
• Income Tax Saving Online
• ELSS in India
• Bank of India ( BoI ) plans to start MF business by next financial year
• Housing and Urban Development Corporation Tax Free Bond
• IRFC Bonds Oversubscribed Four Times
• HUDCO to raise up to Rs. 4,685 cr through tax-free bonds
• HUDCO Bonds
• SBI Mutual Fund Debt Fund NFO
• Taurus Mutual Fund New FMP - Taurus Fixed Maturity Plan - Series M (370 Days).
• Tax Saving Products
• Apollo Munich Optima Restore
• No loans can be availed against ULIPs
• All you need to know about new KYC rules 2012

IRFC Tax Free Bond Issue Details Posted: 02 Feb 2012 05:26 AM PST Issuer Indian Railway Finance Corporation Limited Issue of Bonds Secured, Redeemable, Non-Convertible bonds in the nature of debentures, having benefits under section 10(15)(iv)(h) of the Income Tax Act, 1961 Issue Size Rs 3,000 crores with an option to retain oversubscription up to ` 6,300 crores (Shelf-limit) Issue Open Date 27th January, 2012 Issue Closing Date 10th February, 2012 Face Value (Rs.) Rs` 1,000 per Bond Minimum Application Rs 10000 (10 Bonds) & in multiples of ` 5000 (5 Bonds) Tenor/Redemption Date 10 Years and 15 Years from the deemed date of allotment Ratings "CRISIL AAA/Stable" by CRISIL, "CARE AAA" by CARE & "ICRA AAA" by ICRA Security Charge on the movable assets comprising of rolling stock such as wagons, locomotives and coaches by way of first/ pari passu charge, present and future, as may be agreed between IRFC and the Trustee, pursuant to the terms of the Debenture Trust Deed Trading Compulsorily in dematerialized form Issuance In dematerialized form as well as physical form, at the option of Applicants. Lead Managers A. K. Capital Services Ltd., SBI Capital Markets Ltd. & ICICI Securities Ltd. Depository National Securities Depository Ltd. and Central Depository Services (India) Ltd Trustee Indian Bank Allocation Category I (QIB+ Corporate)- up to 45% Category II (Individual above 5 Lakhs)- up to 25% Category III (Individual below 5 Lakhs)- up to 30% Listing Proposed to be listed on BSE & NSE Interest on Application Money used towards allotment of bonds @ 8.00% p.a. on the amount for which Bonds are allotted to the Applicants subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, from the date of realization of the cheque(s)/ demand draft(s) or 3 (three) days from the date of banking of the application (being the date of submission of each application as duly acknowledged by the Bankers to the Issue) whichever is later, upto one day prior to the Deemed Date of Allotment Interest on Application Money which is liable to be refunded @ 4.00% p.a. on application money that is liable to be refunded to the Applicants in accordance with the provisions of the SEBI Debt Regulations, or other applicable statutory and/or regulatory requirements, subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, from the date of realization of the cheque(s)/ demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later, upto one day prior to the Deemed Date of Allotment. Provided that IRFC shall not be liable to pay any interest on monies liable to be refunded in case of (a) invalid applications or applications liable to be rejected, and/or (b) applications which are withdrawn by the applicant.  The bonds will be listed on the BSE. IRFC Tax Free Bonds and Bank Fixed Deposits IRFC bonds score well for those in the highest tax bracket. So if you invest . 1 lakh in IRFC bonds, and are in the highest tax bracket, you will get an interest income of . 8,300 per annum for 15 years which is tax free. As against this, even if you earn a 9% interest on a bank fixed deposit and you are in the highest tax bracket (30.9%) you will earn an interest of Rs 9,000 per annum but will pay a tax of Rs 2,781, so the net interest you earn is only Rs 6,219, which is a yield of 6.22% IRFC Tax Free Bonds and PPF Tax-free interest of 8.3% is the highest available after PPF, and there is no upper ceiling on investment. Though PPF offers you an interest of 8.6%, it is subject to revision and the maximum amount you can invest is only Rs 1 lakh per annum. Caution Even though the bonds will be listed, one is not sure if there will be an active secondary market for these bonds. Hence, if you need the money in between, you may have no other way out. How to Apply for IRFC Tax Free Bonds ? Download IRFC Tax Free Bonds below and fill up, attach all the required documents and submit it to any of the collection centre below: Collection canter near you       Options I II Tenor 10 Years 15 Years Face Value(Rs./Bond) `1,000.00 `1,000.00 Minimum Application Size ` 10000 or 10 Bonds ` 10000 or 10 Bonds In Multiples of ` 5000 or 5 Bonds ` 5000 or 5 Bonds Coupon Rate (%)p.a. Retail (Category III) 8.15%* 8.30%* Others (Category I & II) 8.00% 8.10% Interest Payment Annually Annually Interest Payment Date October 15, every year October 15, every year Redemption Date 10 Years from the Deemed Date of Allotment 15 Years from the Deemed Date of Allotment Maturity Amount Face Value + Interest Accrued at the Redemption Date Face Value + Interest Accrued at the Redemption Date   Highlights of Tax Benefits   Ø       The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under section 10 (15) (iv) (h) of IT Act.   Ø       There will be no deduction of tax at source from the interest, which accrues to the bondholders on these bonds irrespective of the amount of the interest or the status of the investors.   Ø       Wealth Tax is not levied on investment in Bonds under section 2(ea) of the Wealth-tax Act, 1957.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Effective Tax Planning Posted: 02 Feb 2012 03:21 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form    With just two months left in the current financial year, time is running out for tax-payers looking to make investments to save taxes. And, since they are most likely to be taken for a ride by greedy advisors, it is also the time for them to be on guard. Here are some tips to avoid the typical mistakes made while carrying out the tax-planning exercise:  Look at the big picture  Tax planning cannot work in isolation. It has to be in line with your overall financial planning. While making an investment, one should clearly weigh the return, security, liquidity, tenure of investment, tax benefits and risks and take a holistic view. The investors make last minute tax investments into those instruments which are most visible, than what is actually required. For instance, investors end up buying an expensive recurring product like an insurance scheme thinking the premium amount will be eligible for tax deduction every year. But this investment may not be in line with the individual's goal and the financial portfolio. Insurance Premium Life Covers They have become a rage of late with a few companies launching single-premium endowment plans. Even if they seem like the right products for you, ensure that the sum assured is at least five times the annual premium. Else, it you may end up foregoing certain tax benefits – in terms of exemptions under Section 80 C for premiums paid and under 10 (10D) for maturity proceeds. For instance, a single premium policyholder would not be eligible to receive the sum as exempt under section 10D except where the same is received by the legal heir in case of death of the policy holder. The amount of 20% cannot be calculated after netting off the amount of premium returned by the agent with regards to the policy sold. For the purpose of deduction under Section 80C in respect of the premium for such policies, the deduction is limited to 20% of the capital sum assured. PPF Investments Are Not Rewarding Tax-payers tend to invest chunks in PPF in the last two months of the financial year. In such cases investors don't benefit from the annual return of 8.6%. Ideally, an investor should invest before the 5th of every month in PPF to earn the interest for that month. In case of cheque payments, ensure your cheque gets cleared by this date. Joint Loans Can Be Doubly Beneficial Some couples who take joint home loans make the mistake of assuming that deductions, too, are available collectively and not individually. However, this is an incorrect impression. In fact, the deduction for interest up to . 1.5 lakh on such loans can be claimed by each of the joint owners and co-borrowers. Similarly, the deduction in respect of principal repayment can also be claimed by each of the co-owners. Invest Property Sales Proceeds In Time A window of two years is available to invest proceeds from property sale, but it is not unconditional. Under Section 54, capital gains realised from sale of residential house are exempt in case of re-investment in the purchase of residential property one year before transfer or two years after transfer, or construction before three years after transfer (That is, investment has to be made within the specified time limit). If the amount is not utilised till the date of filling of return, then deposit must be made in a nationalised bank under the Capital Gains Account Scheme. Look Beyond 80 C There are many tax benefits provided in the Act over and above the . 1 lakh limit provided under Section 80C. For instance, house rent allowance (HRA), paying rent to your parents, mediclaim and the latest tax saving instrument being the infrastructure bonds. To give an impetus to infrastructure spending, the government introduced an additional deduction of up to . 20,000 for subscription in specified long-term infrastructure bonds. This deduction was originally meant to apply for subscriptions made between April 1, 2010 and March 31, 2011, but has been extended up to March 31, 2012. In fact, it makes sense to invest in these bonds in the current interest rate scenario and that too if you are in the highest tax bracket. Investing in infrastructure bonds will be most useful for those in the highest tax bracket as the tax savings potential is the highest. Even for 20% tax slab it is fine. For those in 10% tax slab, it is not really that lucrative and not recommended. While making donations under section 80G make sure you are doing it to institutions approved under Section 80G of the Income Tax Act- The rate of deduction is either 50 or 100% of the qualified income and depending on the organisation chosen. Also, ensure that you keep the receipts in records. Otherwise, you may not be able to claim the deduction u/s 80G. Don't Overlook Tax Friendly Savings Investors tend to ignore minute tax savings/expenses which are incurred by default. For instance, employees forget to include their contribution to the Employee Provident Fund (EPF) as a part of the . 1 lakh limit under Section 80 C. Similarly, parents forget to include the tuition fees paid for their child's education as a part of the . 1 lakh limit. In fact, these components alone take care of the Section 80 C limit. You may be short of time. But still that does not justify you making irrational financial decisions. Take stock of EPF, school fees and other investments before you make fresh investments. That will help you make an informed decision. Life Insurance Premium If your policy's sum assured is less than five times the annual premium, your maturity proceeds will be taxed. Also, deduction under Section 80C for premium will be restricted to 20% of the sum assured     Public Provident Fund Postponing PPF investments to the last two months of the financial year will mean only a part of the 8% annual return accruing to you. You also need to ensure that investment is made before the 5th day of a month     Tuition Fees & PF If you are investing solely to save tax, factor in the tuition fees paid for your children's education before going ahead, since it is part of the 80C basket. Same holds true for provident fund deducted from your salary every month     Proceeds from Property Sale Ensure the proceeds are directed to the Capital Gains Account scheme if you have not utilised the money to buy a property while filing tax return. Else, it will be taxed Health Premium for Parents Try to pay health insurance premiums for your parents if you want to secure the additional deduction of 15,000 under Section 80D. It can go up to 20,000 if they are senior citizens   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Tata Mutual Fund new FMP - Tata Fixed Maturity Plan Series 39 Posted: 02 Feb 2012 02:32 AM PST   Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 39 Scheme D. The new issue will be open for subscription from February 1 to February 7.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Debt Mutual Funds to make money for you soon Posted: 02 Feb 2012 02:09 AM PST Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online   WITH the Reserve Bank of India (RBI) easing its stance on cash reserve ratio (CRR) and ending open market operations (OMO) in Tuesday's monetary policy announcements, fixed income fund managers feel that yields of long-term bond will come down after witnessing a temporary spike. This may mean that the temporary losses incurred by debt mutual fund investors on Tuesday may be reversed quickly. When yields go up, prices of the debt instruments go down and vice-versa. Ten-year bonds that were trading at 8.14 per cent prior to the policy came off to 8.08 per cent following the CRR cut. However, uncertainty on further OMOs has pushed up yields over 8.30 per cent. Expect the benchmark 10-year yield to trade in 8.15-30 per cent per annum range in the near-term. Tuesday's movement in the long-term bonds means that there will be a slight negative impact on investments. On a dayon-day basis, this is not good. But, this might be a short-term movement. With the interest rates cycle likely to be reversed soon, investors must be in a position so that they can catch the up-move as well. However, yields on the shorter-term instruments came down after RBI actions the yields at the shorter end of the maturity spectrum, particularly money market yields have come down by 25-30 basis points due to infusion of primary liquidity in to the system. The entire yield curve to move southwards. Fund managers are of the view that it is important for investors to position themselves according to the type of instrument. Investors with one to three year horizon must consider regular savings funds. At the same time, investors focusing on gilt funds should perhaps wait for the budget to get a better picture. We continue to believe that RBI will look to initiate a rate cut only in the next financial year.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

SBI Tax Saver Online Posted: 02 Feb 2012 01:39 AM PST Invest in Tax Saving Mutual Funds from SBI ( SBI ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest SBI Tax Saving Mutual Funds Online SBI Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download SBI Tax Saving Mutual Fund Application Forms from all AMCs Download SBI Tax Saving Mutual Fund Application Forms   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you       Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

List of Tax Saving Mutual Funds Posted: 02 Feb 2012 01:00 AM PST ELSS Stands for Equity Linked Savings Scheme.   ELSS Fund are mutual funds with 3 years of lock in period and offer income tax benefit under section 80C. They are open ended to purchase. Not all Mutual fund Investments are eligible for tax exception. List of Tax Saving Mutual Funds   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Rent Payment to Parents for tax benefits Posted: 02 Feb 2012 12:35 AM PST Note that the income tax law does not prohibit you from paying rent to your parents. If you are actually paying rent to your parents then you are eligible to claim HRA exemption. Advise that you enter into a formal agreement with your parents and make payment of rent by cheques. --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Download IRFC Tax Free Bond Application Forms Posted: 01 Feb 2012 11:52 PM PST How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Save tax with Leave Travel Allowance ( LTA ) Posted: 01 Feb 2012 11:33 PM PST Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form   Not claiming your leave travel allowance (LTA) can add to higher tax outgo at this time of the year. LTA is simply an allowance granted to you, as an employee, for travelling anywhere within the country when on leave from work. When you don't claim it, the unclaimed amount is taxed according to the slab. If you are entitled to Rs 22,000 as LTA in a year, but claim only ~9,000, the remaining Rs 13,000 gets taxed. Companies urge employees to claim the entire LTA to avoid getting taxed. LTA is a good tax-saving instrument. Under Section 10 of the Income Tax Act, an employee is allowed an income tax exemption when he is travelling, along with his family members, on a holiday for a period of more than five days. Human resource personnel advise employees, in this case, to claim tickets of immediate family members as well, to avoid getting taxed. LTA covers travel for you and your family. Family, in this case, includes yourself, parents, siblings dependent on you, spouse (even if he/she is working) and up to two children. But remember: If your family travels without you, no LTA can be claimed for them. So, you have to make the trip either alone or, if claiming for your family, you should travel with them. Domestic flight tickets can be claimed if you furnish the boarding pass. Train tickets are acknowledged, too. Road travel should be by government bus only. LTA is not applicable for foreign travel. And, the tax benefit one can enjoy depends on the LTA component itself. However, if you get an LTA of ~1 lakh and travel with spouse and two children, even on taking round trip flight tickets you will not be able to avail the entire allowance. If both you and spouse have travelled together and want to claim LTA at respective companies, can you do so? If you claim, your spouse cant. His/her LTA will be taxed. Unless, of course, you go for another holiday. In case of a job change, the LTA can be availed from the both the new and former employers, provided it is unutilised. A small problem with LTA is that you can claim only twice in four year, Haskins and Sells. January 2012 falls under the 2010-2013 four-year period. Importantly, you can claim only once in a year. Both journeys cannot be claimed in a single year. If you do not make the claim on time, you can do so when filing returns and avail a refund.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Investment Norms eased in India for foreign investors – FIIs Posted: 01 Feb 2012 11:11 PM PST Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form    Foreign capital has grown in relevance over the years. It has been influenced by strong domestic fundamentals and buoyant yields, reflecting robust corporate sector performance. In order to give a boost to the sagging capital markets, the government has permitted foreign individuals, pension funds and trusts to subscribe to public offers of domestic companies.    So, qualified foreign investors will be able to invest in initial public offers (IPOs) and follow-on public offers (FPOs). Presently, these investors have direct access to domestic mutual fund schemes.    Also, at present, foreign institutional investors (FIIs) or foreigners, through sub-accounts with registered FIIs, can invest in the equity markets. Unregistered foreign individuals and institutions invest through participatory notes (PNs). In this arrangement, a large number of qualified foreign investors (QFIs), including a large number of diversified individual foreign nationals who want invest in the domestic equity markets do not have direct access. In the absence of a direct route, many QFIs find it difficult to invest in the domestic equity markets.    QFIs have been permitted direct access to mutual fund schemes pursuant to the Union Budget 2011-12. As the next logical step, it has now been decided to allow QFIs to invest directly in the equity markets in order to widen the segments of investors here, attract more foreign funds, reduce market volatility and to deepen the capital markets.    A QFI is an individual, group or association resident in a foreign country that is compliant with the Financial Action Task Force standards. QFIs do not include FIIs or their subaccounts.    This option will allow investors from over 80 countries to access the domestic equity markets. The QFIs will have a separate ceiling, apart from FIIs and NRIs. A QFI can hold up to five percent of paid-up equity in a company. All QFIs put together cannot hold more than 10 percent in a company. QFIs will first need to open a demat account with any depository participant (DP), as sale and purchase of equity will be allowed only through such an account. One QFI will be permitted to open only one account. They would also need to fulfil the 'know your customer' (KYC) norms. The Income Tax Department will issue a separate form for the permanent account number and KYC for QFIs.    The move is expected to increase inflows and add more liquidity to the markets. It is expected to encourage long-term investments and reduce dependence on FII money. It will provide another window for foreign investors to invest in India. Also, companies will be able to increase the investor base and raise resources from a wider investor base. This will lead to greater momentum in the capital markets.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

IRFC and Hudco Bonds collect over Rs 10k Crore Posted: 01 Feb 2012 10:47 PM PST Download IRFC Tax Free Bond Application Forms Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form   Tax-free bond issues of Indian Railways Finance Corporation (IRFC) and Housing and Urban Development Corporation (Hudco) saw reasonably good collection on the first day. Both issues made a combined collection of around ~10,500 crore, according to lead managers and market participants. IRFC, which has been rated AAA by Fitch, collected around Rs 8,000 crore. Lead managers said the portions for qualified institution buyers (QIB) and high net worth individuals (HNIs) were fully subscribed, while the portion for retail investors did not see much action on the first day. IRFC is raising ~3,000 crore, with an over-allotment option ~3,300 crore. Enthusiasm for the Hudco issue was slightly muted. It collected around ~2,500 crore. The portion for QIBs collected ~1,700 crore, the portion for HNIs ~2,400 crore and retail investors put in ~250 crore. Hudco aims to collect ~2,000 crore, with an over-allotment option of ~2,684 crore. Investors are still waiting for refunds from the National Highways Authority of India (NHAI) issue. And, among the two, IRFC is being preferred by investors because of a higher rating," said a lead manager. CARE has rated Hudco AA+. The NHAI issue collected a little over ~25,000 crore. On the first day, both the QIB and HNI portions were subscribed. A total of ~15,000 crore was yet to be refunded. The two banks refunding the majority of the money are Axis Bank and HDFC bank. While Axis Bank made the refunds today, it may not have shown on the accounts of many customers today. HDFC bank is expected to make the payments tomorrow. Arrangers are hopeful of better flows in the next week. While IRFC is offering 8.15 per cent for 10 years and 8.30 per cent for 15 years to retail investors, Hudco is offering 8.22 per cent for 10 years and 8.35 per cent for 15 years. For QIBs and HNIs, IRFC is offering eight per cent and 8.10 per cent for 10 and 15 years, respectively, while Hudco's coupon rate is 8.10 per cent and 8.2 per cent. Last month, NHAI and PFC had offered coupon rates of 8.2 per cent 8.3 per cent for all investors. In both the issues, 30 per cent has been reserved for retail investors, 25 per cent for HNIs and 45 per cent for QIBs. Both the issues carry an additional condition of a stepped-down coupon rate in case retail investors sell the bonds in the secondary market. At present, investors do not seem comfortable with this condition. There was a likelihood that investors from other categories would buy the bonds in the secondary market to avail of the difference in the interest rates. The issuers had a condition to prevent such a practice and ensure the advantage was for only retail investors. The last date for subscription for IRFC's tax-free bond issue is February 10, and that for Hudco is February 6.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

HUDCO Tax Free Bond Details Posted: 01 Feb 2012 10:32 PM PST Download HUDCO Tax Free Bond Application Forms   HUDCO is offering 8.22% for the 10 year series and 8.35% for the 15 year series. There is a difference in rating as well and HUDCO is rated Fitch AA+ by Fitch and CARE AA+ by CARE which is a notch lower than the Indian Railway issue. The minimum investment needed is Rs. 10,000 and you can invest in multiples of Rs. 1,000 after that.  The bonds will list on both NSE and BSE and the bond issue size is Rs. 4,684.72 crores. Option Series I Series II Face Value Rs. 1,000 Rs. 1,000 Minimum Investment Rs. 10,000 Rs. 10,000 Tenor 10 years 15 years Interest Rate: Retail Investors 8.22% 8.35% Interest Rate: Other Investors 8.10% 8.20% Interest Payment Annual Annual This issue also has what's being called the step down feature which means that the higher interest rate that the retail investors get is only applicable as long as they hold the bonds. If they sell the bonds on the stock exchange then the person who buys it from them will not get the higher rate but will instead get the rate decided for the other categories. Can NRIs invest in the HUDCO tax free bonds?  Yes, NRIs can also apply to this offer and can either buy it in the retail category or the other category. Who falls under the retail category? Individuals and NRIs who are going to invest less than Rs. 5 lakhs will fall under the retail category. How will the shares be allotted?   First come first serve   What is tax free: Is the principal tax free or the interest tax free? This is not like the 80CCF infrastructure bonds that are open right now so don't confuse these bonds with them. This is truly tax free in the sense that the interest you receive from these bonds will not be taxed. The infrastructure bonds are called tax saving bonds but are not tax free. They save tax because when you invest in them then you can reduce the amount of investment (up to a maximum of Rs. 20,000) from your income and lower your tax incidence. But the interest income on them is taxable, so they are not tax free. As far as the principal being tax free is concerned – the principal is always tax free. That's your money anyway and tax is charged only on the income by the way of interest or capital gains.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Income Tax Saving Online Posted: 01 Feb 2012 10:03 PM PST Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

ELSS in India Posted: 01 Feb 2012 09:47 PM PST ELSS Stands for Equity Linked Savings Scheme.   ELSS Fund are mutual funds with 3 years of lock in period and offer income tax benefit under section 80C. They are open ended to purchase. Not all Mutual fund Investments are eligible for tax exception. List of Tax Saving Mutual Funds   Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Bank of India ( BoI ) plans to start MF business by next financial year Posted: 01 Feb 2012 09:40 PM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form   PUBLIC sector lender Bank of India is hopeful of starting its asset management business next financial year and at present is waiting for regulatory approvals, a top official said on Monday. Bank of India (BoI) recently bought 51 per cent stake in the mutual fund business of Bharti Axa, which is a joint venture between telecom company Bharti Enterprises and Axa Investment Managers of France. At present, we are waiting for necessary approvals from the regulator. We can't give any time frame but are hopeful of starting our operation in the next financial year. BoI had started its mutual fund business in 1990. Of the six schemes launched by the fund, four had been redeemed and two schemes transferred to Tauras Mutual Fund after giving exit option to investors in 2004.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Housing and Urban Development Corporation Tax Free Bond Posted: 01 Feb 2012 09:33 PM PST Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form   Download HUDCO Tax Free Bond Application Forms Housing and Urban Development Corporation Limited ( HUDCO ) has come out with a Rs 10,000 Crore tax free bond issue HUDCO Tax Free Bond Issue Details HUDCO is offering 8.22% for the 10 year series and 8.35% for the 15 year series. There is a difference in rating as well and HUDCO is rated Fitch AA+ by Fitch and CARE AA+ by CARE which is a notch lower than the Indian Railway Finance Corporation Tax Free Bond Issue. The minimum investment needed is Rs 10,000 and you can invest in multiples of Rs 1,000 after that.  The bonds will list on both NSE and BSE and the bond issue size is Rs. 4,684.72 crores. Option Series I Series II Face Value Rs. 1,000 Rs. 1,000 Minimum Investment Rs. 10,000 Rs. 10,000 Tenor 10 years 15 years Interest Rate: Retail Investors 8.22% 8.35% Interest Rate: Other Investors 8.10% 8.20% Interest Payment Annual Annual This issue also has what's being called the step down feature which means that the higher interest rate that the retail investors get is only applicable as long as they hold the bonds. If they sell the bonds on the stock exchange then the person who buys it from them will not get the higher rate but will instead get the rate decided for the other categories. Can NRIs invest in the HUDCO tax free bonds?  Yes, NRIs can also apply to this offer and can either buy it in the retail category or the other category. Who falls under the retail category? Individuals and NRIs who are going to invest less than Rs. 5 lakhs will fall under the retail category. How will the shares be allotted?   First come first serve   What is tax free -  Is the principal tax free or the interest tax free? This is not like the 80CCF infrastructure bonds that are open right now so don't confuse these bonds with them. This is truly tax free in the sense that the interest you receive from these bonds will not be taxed. The infrastructure bonds are called tax saving bonds but are not tax free. They save tax because when you invest in them then you can reduce the amount of investment (up to a maximum of Rs. 20,000) from your income and lower your tax incidence. But the interest income on them is taxable, so they are not tax free. As far as the principal being tax free is concerned – the principal is always tax free. That's your money anyway and tax is charged only on the income by the way of interest or capital gains. Brief Introduction of the company The housing and urban development sector plays a significant role in the economic and social development of a country. The access to and the quality of housing and urban basic services directly influence the quality of life of people, their productivity levels and growth potential. Before the establishment of HUDCO, the Government of India was operating a number of subsidized housing schemes and loan schemes. The subsidized housing schemes were meant for industrial workers, economically weaker section of the society and slum dwellers, while the loan schemes were targeted for the people in the low-income and middle-income groups as well as rental housing schemes for State Government employees. All these schemes were under the direct control of the Ministry of Works and Housing. Such a system of housing finance did not give the required thrust for promoting housing development activities, which in many cases were considered of lower priority. Issue Closing date - 10 Feb 2012  The bonds will be listed on the BSE. HUDCO Tax Free Bonds and Bank Fixed Deposits HUDCO bonds score well for those in the highest tax bracket. So if you invest Rs 1 lakh in HUDCO bonds, and are in the highest tax bracket, you will get an interest income of Rs 8,300 per annum for 15 years which is tax free. As against this, even if you earn a 9% interest on a bank fixed deposit and you are in the highest tax bracket (30.9%) you will earn an interest of Rs 9,000 per annum but will pay a tax of Rs 2,781, so the net interest you earn is only Rs 6,219, which is a yield of 6.22% IRFC Tax Free Bonds and PPF Tax-free interest of 8.3% is the highest available after PPF, and there is no upper ceiling on investment. Though PPF offers you an interest of 8.6%, it is subject to revision and the maximum amount you can invest is only Rs 1 lakh per annum. Caution Even though the bonds will be listed, one is not sure if there will be an active secondary market for these bonds. Hence, if you need the money in between, you may have no other way out. How to Apply for HUDCO Tax Free Bonds ? Download HUDCO Tax Free Bonds below and fill up, attach all the required documents and submit it to any of the collection centre below: Collection canter near you   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

IRFC Bonds Oversubscribed Four Times Posted: 01 Feb 2012 09:07 PM PST Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online   Download IRFC Tax Free Bond Application Forms   Tax-free public bonds continue to be a big draw for investors. The bond issue of Indian Railways Finance Corporation (IRFC) was oversubscribed by over four times on the very first day of the issue opening for public subscription, as cash-rich corporates and high net worth individuals aggressively latched onto the opportunity to earn over 11% of post-tax returns. With the interest received being tax-free, the effective post-tax returns for individuals in the highest tax bracket will be about 12%. The issue size is. 3,000crore,witha green shoe option of another . 3,300 crore. The issue received subscriptions for . 13,255 crore on Friday. In the qualified institutional buyers category, subscriptions worth . 10,608 crore were received for a reserved limit of . 2,835 crore. In the high net worth individuals category, the issued received subscriptions worth . 2,647 crore as against a limit of . 1,575 crore. The issue is still open for retail investors — that is, investors with application size of less than . 5 lakh. Not even half the reserved limit for the retail section has been subscribed to so far. Against the limit of about . 1,890 crore for the retail segment, the issue received subscriptions for only . 738 crore. For retail investors, the coupon rateofferedis8.30%for15yearsand 8.15% for 10 years. Institutional investors will receive a coupon of 7.90% for 10-year bonds and 8.05% for 15-years bond. The coupon rate was reduced for institutional investors since they buy these bonds for trading and not necessarily for holding them till maturity. The IRFC wanted to encourage retail investors who would invest for the long term,. The issue comes with a step-down clause — only the original allottee will receive the coupon of 8.15% to 8.30%. Once these bonds are sold in the secondary market, the coupon rate would reduce to 7.90% to 8.05%, depending on the tenor of the bond. The bonds issued by National Highway Authority of India and Power Finance Corporation earlier this month, too, got huge response. NHAI raised . 10,000 crore, while PFC raised . 4,033 crore.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

HUDCO to raise up to Rs. 4,685 cr through tax-free bonds Posted: 01 Feb 2012 08:43 PM PST Housing and Urban Development Corporation Ltd (HUDCO) on Thursday said it will raise up to Rs. 4,685 crore through a public issue of tax-free bonds. The company said it had on Wednesday filed a draft prospectus for the same with the National Stock Exchange (NSE), where these bonds would be listed. "The company proposes to make a public issue of tax-free bonds of face value of Rs. 1,000 each in the nature of secured, redeemable, non-convertible debentures... aggregating up to Rs. 4,684.72 crore," HUDCO said in a statement. These bonds would have tax benefits for subscribers under the Income Tax Act, 1961. HUDCO is a public sector firm fully owned by the government for financing of housing and urban infrastructure activities in India. "The finance ministry has given us approval for raising Rs. 5,000 crore through tax-free bonds. We have raised Rs. 315 crore through private placement of bonds. Now we are coming up with a public issue of tax-free bonds to raise up to Rs. 4,685 crore," HUDCO senior executive director R K Khanna told the news agency. The funds would be utilized in project financing, he said, adding that the public issue of tax-free bonds is likely to be launched by the month-end. In the 2010-11 fiscal, we sanctioned Rs. 19,762 crore and out of that, Rs. 5,293 crore was in housing and about Rs. 14,500 crore in infrastructure projects. We are targeting the sanction of Rs. 24,000 crore this fiscal and out of that, 25% would be toward housing schemes. The lead managers of the issue are Enam Securities and SBI Capital Markets. The trustee for the bondholders is SBICAP Trustee Company. Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

HUDCO Bonds Posted: 01 Feb 2012 08:42 PM PST How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

SBI Mutual Fund Debt Fund NFO Posted: 01 Feb 2012 08:30 PM PST   SBI Mutual Fund has announced the launch of new fund offer (NFO) of SBI Debt Fund Series 367 Days 15. The new fund offer will be open for subscription from February 2, 2012 to February 6, 2012.     The minimum investment amount will be Rs.5000/- and in multiples of Rs.10/- thereafter. The scheme will have growth as well as dividend option. It will be listed on Bombay Stock Exchange.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Taurus Mutual Fund New FMP - Taurus Fixed Maturity Plan - Series M (370 Days). Posted: 01 Feb 2012 08:27 PM PST Taurus Mutual Fund has launched a new fund named as Taurus Fixed Maturity Plan -Series M (370 Days). The new fund offer (NFO) will close for subscription on February 2.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Tax Saving Products Posted: 01 Feb 2012 08:25 PM PST Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online   Investing to save tax is a good start, but to consolidate on this approach you should align the tax-saving benefits with your financial goals than be driven with the idea of only saving taxes. There are several products, in which investments qualify for tax deductions under Section 80C up to 1 lakh in a financial year.   Tax planning funds, insurance premium, Ulips, PPF, NSC, bank fixed deposits and pension plans are some of the product categories that you can consider. The lock-in and assured or market-linked returns vary for each of these products.   For instance PPF, NSC and bank fixed deposits provide guaranteed returns, whereas Ulips and tax planning funds have a market-linked return. None of these instruments guarantee 15-20% return that you are expecting. If you are looking for guaranteed returns, with the shortest lock-in; the five-year bank fixed deposit is the ideal investment option for you to save taxes.   If you can stomach some risk, the three year lock-in of tax planning funds can suit your requirements. Depending on your comfort, you can select any of the products to invest and save taxes.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Apollo Munich Optima Restore Posted: 01 Feb 2012 07:59 PM PST Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online   The last couple of years have seen a spate of innovative launches in the health insurance space. Many companies are now designing products with life-long renewability, large covers and outpatient department coverage. Joining the list of products that aim to provide more than standard offerings is standalone health insurer Apollo Munich's recently launched Optima Restore. As the name suggests, the key feature of the product is the sum assured replenishment facility. The product undertakes to reinstate the basic sum insured in case the policyholder exhausts his/her cover in a policy year. The restored sum insured can be used to bear the expenses of any other illness – that is, dissimilar to the one for which claim has been made earlier. This restriction will not be applicable if the claim is made under a floater policy for another family member's treatment. While the company states that the restoration facility comes at no extra charge, it is likely that all benefits will be factored into pricing at the time of issuing the policy, making it a bit more expensive than basic, standard health policies. Do note that premiums charged by various companies depend on a host of factors, including age and state of health of the insured persons. L&T General Insurance offers a similar feature, but the replenishment facility to finance the second claim in a year is triggered only in the event of an accident. Apart from cover reinstatement, the other advantages include no-claim bonuses offered. Termed multiplier benefit, the product offers to increase the basic sum assured by 50% if you haven't filed any claims during the year. If the subsequent year, too, is claim-free, the basic sum insured is doubled. Also, the product does not feature sublimits or restriction on age for renewal. This apart, there is no claim-based loading at the time of renewal. The feature promoted heavily by the company — sum insured restoration for unrelated illnesses and/or other members in family — is its core benefit. When compared with the standard health insurance policies available in the market, Optima Restore is likely to entail a higher premium.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

No loans can be availed against ULIPs Posted: 01 Feb 2012 07:00 PM PST Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online   The Insurance Regulatory and Development Authority (Irda) plans to ban loans by life insurance companies against unit-linked life insurance policies (Ulips). The insurance regulator is not approving any unit-linked plans with a clause of loans against policy. Irda has rejected our new unit-linked plan and has asked us to refile it after removing the loan facility clause. Confirming the development, Irda Chairman J Hari Narayan said, "Fundamentally, Ulips are risky products, given that they are linked with the stock market. In case the fund value drops dramatically due to negative price movement, the risk would come to the insurers. Hence, loans against such products are not advisable." Insurance officials said the move might further dent the sales of Ulips as the loan facility acted as an added feature. The facility first came into force after Irda raised the lock-in period for such plans by two years to five in September 2010. The loan facility was one of the selling points for these long-term insurance products. So, this would impact the sales of unit-linked plans. Ø       Irda not approving any Ulips with loan facility Ø       Sept 2010 Loans against Ulips started Ø       75% of the fund value could be the maximum loan amount Ø       Interest rate offered was benchmarked against the base rate of banks — currently around 10.75-11% Highest loan tenure could equal the policy tenure |90% of the fund value can be the maximum loan amount for traditional policies   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

All you need to know about new KYC rules 2012 Posted: 01 Feb 2012 09:17 AM PST Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online    IT professional Ramesh Nair's mutual fund adviser delivered him bad news last night. Twenty-seven year old Nair, who was traveling abroad for work, has to go through a fresh round of know-your-customer (KYC) rules effective from January 1. Do you share a plight of Nair? Financial Chronicle tells you what new KYC rules are, how they are different from the old ones and what you can do to make things easier. In order to help investors dealing with Securities and Exchange Board of India (Sebi) intermediaries, the markets watchdog has issued three circulars. As per these norms, registered intermediaries were asked to follow a uniform KYC compliance procedure for all the investors. These may impact various investments such as mutual funds and stocks. KYC for new investors only: Will the new KYC requirement, effective January 2012, be applicable to both new and existing investors? No. The rules will be applicable to new investors only. However, if the existing KYC compliant investor would like to deal with any Sebi registered intermediary other than mutual funds, they will have to follow the new KYC compliance procedure. Difference in old and new rules: Simply put, as a senior HDFC Mutual Fund official said: The new KYC norms require certain additional information to be collected as compared with the KYC being done till December 31, 2011. Additionally, it is mandatory for mutual funds to IPV for all their investors. For individuals, you now have to compulsorily mention marital status. There has been slight changes in the modification in slabs for gross annual income details. Otherwise, individuals have the choice to mention their net-worth as on a recent date in lieu of gross annual income details. Thankfully, data like unique identification number (UID)/Aadhar is non-mandatory. IPV is brand new thing: The new common KYC regulation mandates all intermediaries should complete IPV for all investors. Mere submission of identity and address proofs is not sufficient under the new regulations, according to officials. You also need to know who is authorised to perform IPV. Short answer: All intermediaries in the securities market are authorised to conduct IPV. In case of mutual funds, asset management companies (AMCs) and the compliant distributors can perform IPV. In case of any applications received directly from the investors (that is, without being routed through the distributors), the mutual fund has to rely upon the IPV (on the KYC application form) performed by the scheduled commercial banks. Last things: So, can you, as an investor, do a stand-alone KYC without purchase? The answer is no. The KYC application now needs to be accompanied with an investment application. Another important things would be related to investors in micro-SIPs (systematic investment plans). As per the new rules, even the micro SIP investors have to do KYC through this new system and instead of PAN, separate unique number will be generated through KYC/KRA system.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

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