Prajna Capital

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• Equity Linked Savings Scheme ( ELSS )
• IRFC bond issue closes today
• IDBI Federal Bondsurance Plan
• Magnum Tax Gain Online
• Mutual Funds ELSS
• Tax Free Bonds and Bank Fixed Deposits - A Comparison
• IRFC Tax Free Bond Issue Closing 03 Feb 2012
• Indian Railway Finance Corporatio​n Limited Tax Free Bond Issue Closing Today
• IRFC Tax Free Bond Form
• IRFC Tax Free Bonds
• Fund of funds can be used to balance your portfolio
• Launch of DSP BlackRock FMP - Series 32
• Loan against Mutual Fund Investments
• Kotak Mutual Fund new FMP NFO - Kotak FMP Series 73
• NHAI Tax Free Bond Allotment Status
• Defaulting Mobile Bill Payment Can Affect Your Credit Score
• What is a Joint Account ?
• HUDCO Tax Free Bond Application Forms
• ELSS Online India
• Fidelity Planning to Sell India mutual fund business

Equity Linked Savings Scheme ( ELSS ) Posted: 03 Feb 2012 04:12 AM PST ELSS - 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

IRFC bond issue closes today Posted: 03 Feb 2012 03:47 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form   After raising money successfully, Indian Railway Finance Corporation (IRFC) will close its issue of tax-free bonds on Friday, a week earlier than the scheduled closing on February 10. Subscription to the institutional and high net worth individual (HNI) portion closed on Wednesday, garnering ~17,000 crore. The retail portion generated ~1,890 crore, of which ~1,700 crore came till Wednesday. On an average, IRFC got ~250 crore a day for the retail portion. The bond size was ~3,000 crore, with an over-allotment option of ~3,300 crore. Said a well placed source, "The issue is being closed as there was over-subscription from corporate and HNIs on the first day itself. Allotments are yet to be made, which will be on a first-come, first-serve basis, except for those who applied on the first day. The latter will be allotted bonds on a pro-rata basis." Rated AAA by Fitch, the issue has 30 per cent reserved for retail investors, 25 per cent for HNIs and 45 per cent for corporate and qualified institutional buyers (QIBs). IRFC is offering 8.15 per cent for 10 years and 8.30 per cent for 15 years to retail investors. QIBs and HNIs had been offered 8 per cent and 8.10 per cent for 10 and 15 years, respectively.   --------------------------------------------- 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

IDBI Federal Bondsurance Plan Posted: 03 Feb 2012 03:36 AM PST Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form IDBI Federal Bondsurance is a single premium insurance cum-investment plan that promises guaranteed returns on maturity to the policyholder. In the event of death of policyholder before maturity, the nominee is entitled to a death benefit equal to five times the amount of single premium paid by the policyholder. Investors can choose 5-10 years as policy term for this plan. Key Feature The tax-free guaranteed returns offered by Bondsurance can be broadly compared to the post tax returns earned in a bank term deposit at the highest tax-slab. Also, policyholders have the option to choose the amount of premium they would like to invest in this scheme, subject to a minimum of Rs 20,000, and get the maturity and death benefits accordingly. Surrender Value This being a single premium plan, it does not really make sense for policyholders to surrender the scheme before maturity. However, those in need of liquidity may surrender the policy after a year of commencement. While the surrender value payable will be at the company's discretion, according to the scheme document, the same will not be less than 80% of the amount paid as single premium. Return Analysis Assuming investment tenure of 10 years by a healthy male individual aged 30 years, the returns likely to accrue to the policyholder in Bondsurance vis-à-vis a 10-year term deposit in SBI along with Term Plan for 10 years is illustrated herewith:     Our View At the current peak interest rate of about 9.25% offered by State Bank of India for tenures ranging from 1 to 10 years, the post tax returns of term deposits are more lucrative than those offered by IDBI Bondsurance. But if the interest rates were to gradually cool off from the current levels, say even to 8.5% per annum, Bondsurance stands a good chance to be considered as an alternative investment option to bank deposits from returns perspective. At an interest rate of 8.5%, the post tax yield from term deposits, at the highest tax slab, comes to around 6.69% while it ranges from 6.34% — 6.92% in case of Bondsurance. However, being a single premium plan, this policy may not be affordable by many retail investors, especially those looking for high insurance cover. As far as insurance needs are concerned, the plan suits those able and willing to pay higher sums as single 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

Magnum Tax Gain Online Posted: 03 Feb 2012 02:56 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

Mutual Funds ELSS Posted: 03 Feb 2012 02:04 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   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

Tax Free Bonds and Bank Fixed Deposits - A Comparison Posted: 03 Feb 2012 01:46 AM PST Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form   Download HUDCO Tax Free Bond Application Forms   Tax Free Bonds and Bank Fixed Deposits IRFC / PFC / NHAI / HUDCO / REC bonds score well for those in the highest tax bracket. So if you invest Rs 1 lakh in these 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 / PFC / NHAI / HUDCO / REC 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

IRFC Tax Free Bond Issue Closing 03 Feb 2012 Posted: 03 Feb 2012 01:15 AM PST Indian Railway Finance Corporatio​n Limited Tax Free Bond Issue Closing Today         --------------------------------------------- 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

Indian Railway Finance Corporatio​n Limited Tax Free Bond Issue Closing Today Posted: 03 Feb 2012 01:10 AM PST Indian Railway Finance Corporatio​n Limited Tax Free Bond Issue Closing Today 03 Feb 2012   --------------------------------------------- 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 Tax Free Bond Form Posted: 03 Feb 2012 01:07 AM 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 --------------------------------- 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   --------------------------------------------- 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

IRFC Tax Free Bonds Posted: 03 Feb 2012 01:07 AM PST 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

Fund of funds can be used to balance your portfolio Posted: 02 Feb 2012 10:42 PM PST   Tax Saving Mutual Funds Online Current open Infra Bond Application form   THERE are several options available for investors within the mutual fund fold; so, the choice in front of them is massive. But, they also need to look at what are their exact requirements and how they can actually ensure that these are met through the various options available. One such choice that is often ignored by the investors is that of fund of funds. This concept, in India, has not worked out well in terms of mass popularity, but that does not mean that the investors who need to take a careful look at the position here should ignore this. Nature: Fund of funds are a type of scheme that is offered by the mutual funds, wherein, they invest into other funds, so the holdings of the scheme consists of other mutual funds. The manner in which the other funds are selected depends upon the strategy that is determined by the fund. The other thing is that there is a lot of variation when it comes to these funds because one can find funds with different characteristics within the fold. This can range from pure equity funds to those having a mixture of debt and equity and even funds that select holdings from different fund houses to construct the overall portfolio. This means that the investor should not look at the fund of funds as a single investment but should consider this as a slice of their portfolio. Asset allocation: One of the reasons why this type of fund can be considered for the portfolio is that it enables making an asset allocation decision. Often, it is difficult for the individual investor to construct their portfolio with a specific type of asset allocation. This happens due to the fact that there are a lot of funds that need to be taken into consideration and completing the process from this wide choice is not something that is very easy for the individual. There is also some trouble for investors once the initial investment is made, as the maintenance of the required asset allocation figure could be difficult. This could actually be done for them by the fund of funds in a simple way. Choice: Initially, when this category was introduced, there used to be some restriction for investors, as they would have investments within a single fund house. So, the end holdings would constitute funds from a single fund house, which might not give the best results for the investors. Now, there are lots of funds that actually invest in the schemes of other fund houses changing the entire dynamics of the situation. The investor gets the best or the specific choice that they would actually want for their investments and not something that is forced upon them due to the lack of choice. Measure up: There is a cost that has to be paid by the investor when they are getting this kind of facility in the form of higher indirect expense while making actual investment in the fund of funds. Here, the cost of the direct holding as well as the indirect holding of various funds comes into the picture. However, this has to be seen in the context of the savings in time and effort that is gained by avoiding multiple investments. Due to this reason, there are a lot of situations when the cost is reasonable in terms of the benefits provided, needing a proper evaluation.   --------------------------------------------- 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

Launch of DSP BlackRock FMP - Series 32 Posted: 02 Feb 2012 09:50 PM PST Date of Opening Feb 08, 2012 (Wednesday) Date of Closing Feb 09, 2012 (Thursday) – All switches needed to submitted before 3:00 p.m. on the closing date– All applications need to be submitted before 4.00 p.m. on the closing date Options Growth (Default option) and Div Payout Min Application Rs.5,000/- and multiples of Rs.1/-thereafter Date of Maturity                      February 14, 2013 (Thursday) Date of payout February 15, 2013 (Friday) Listing The units are proposed to be listed on BSE or any other recognized Stock Exchange as may be approved by the Trustee, within 5 business days from the date of allotment Loads Entry Load – NIL            Exit Load – Not Applicable (The Units under the schemes cannot be directly redeemed with the Mutual Fund as the Units will be listed on the Stock Exchange/s)       --------------------------------------------- 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

Loan against Mutual Fund Investments Posted: 02 Feb 2012 07:57 PM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form   THERE are different types of loans that are available from banks and while, the choice is large, the individual borrower has to be careful when he is making a specific choice due to the fact that this can have consequences down the line. The loans also need to be checked from the perspective of the cost that will have to be paid. Usually, loans that are secured in nature and have the backing of some asset have a lower interest rate compared with others that are unsecured. One issue that is often ignored is that of loans against mutual fund units. Here is a look at the features of these loans: Nature: As the name suggests, this is a loan offering that is available to borrowers against the mutual fund units that they hold in their name. The loan can be available against any type of the mutual funds that are present in the portfolio, therefore, there is no restriction on this front, although, some of the features for a loan against various types of mutual funds could be different. This difference will have to be taken into consideration when the actual transaction is being completed. The way in which this works is that the investor gives the mutual fund units as security and the lender provides a loan against it. The loan is then repaid over the specified period that is mentioned in the agreement. If the investor is not able to repay the loan, then the lender will sell the mutual fund units to get back the money. Choice: A person has choices as far as lenders are concerned when these types of loans are compared because they are offered both by banks as well as the non-banking financial institutions (NBFCs). This implies that there is no restriction in terms of the place from where the loan is taken. A procedural aspect of the loan is that when there are joint holdings in the mutual fund, then, the permission of all the unit holders is required for loan. Rates: The good news for borrowers when it comes to loans against mutual fund units are concerned is that these loans are available at a rate that is lower than what they will get for unsecured loans. The presence of the mutual fund units acts as a means of security that helps in bringing down the rates as compared with an unsecured loan. The other thing is that the mutual fund will take a lien on the units so they cannot be sold by the individual investor once he invests in the mutual fund. However, there are other factors, such as receiving dividends that can continue normally, so this is something that the individual borrower should know when he avails a loan Percentage: The key element of the entire loan is the amount that will actually be sanctioned because there has to be an adequate margin present. The amount of the loan actually depends upon the nature of the mutual fund holding. If it is a debt fund, then, the percentage of the loan compared with the fund value will actually be higher, but, there will always be some amount of margin that is actually maintained by the lender. On the other hand, when it is an equity-oriented fund, then the amount of the margin will be higher with the end result that the discount could be very high and could go up to 4050 per cent of the value of the units. While borrowing of all kinds, including those against mutual fund units, should be avoided, it remains an option that can be used when other alternatives are not present.   --------------------------------------------- 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

Kotak Mutual Fund new FMP NFO - Kotak FMP Series 73 Posted: 02 Feb 2012 07:35 PM PST Kotak Mutual Fund has extended the new fund offer (NFO) period of Kotak FMP Series 73. Now, the new fund issue will close on 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

NHAI Tax Free Bond Allotment Status Posted: 02 Feb 2012 09:28 AM PST You can use below link to find the NHAI Bond Allotment Status   http://www.mcsdel.com/index001.asp     ------------------------------------------------ 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   --------------------------------------------- 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

Defaulting Mobile Bill Payment Can Affect Your Credit Score Posted: 02 Feb 2012 09:20 AM PST Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form   Default on your mobile bill and you may soon become ineligible for a home loan or a car loan. Non-payment of telephone bills will also rule out the possibilities of getting a new credit card or even another mobile number. CIBIL, the country's credit information bureau, which tracks credit history of consumers, is taking steps to include mobile and telephone bill payment history to the credit worthiness of an individual. It has already launched a pilot initiative with Vodafone's postpaid customers and is in talks with the country's largest telco by customers, Bharti Airtel for a similar project. It is also learnt to have approached other leading telcos for tie-ups. "Our aim is to eventually link the telecom utility payment history to the banking and financial records of customers and make available as a CIBIL record to banks and other financial institutions. CIBIL issues a numerical score out of 900X, which indicates a customer's payments history of loans. This score is issued to a bank which enquires financial history of a prospective borrower. The agency is now looking at adding telecom bill payments of post-paid customers, landline users and broadband subscribers as a weightage in that CIBIL score. Only 5% or about 50 million of the 900 million mobile connections in the country have a post-paid connection, but this represents the high-end customer base in the nation. The country also has about 50 million and 14 million landline and broadband customers, respectively. Once the tie-ups with telcos are in place, Banks such as ICICI, HDFC, SBI and others may see an individual's phone bill payment history to deny or approve a car, credit card or housing loan. The database can also be used by a telecom service provider when issuing a post-paid number to an individual. It will lower delinquencies and improve their quality of customers Vodafone confirmed the deal with CIBIL and said it had entered into an agreement with the credit bureau and TransUnion Software Service, a move that would enable it to assign credit limits, speed to market and improve customer service. Prior to this, Vodafone's subscribers were provided with a pre-assigned minimum credit limit, until the full credit validation process is completed. This, at times, restricts the customers' ability to use services beyond a point, especially data and value-added services (VAS), the company added. Other telcos are also set to come on board soon. We are exploring the possibility of mutual partnership to leverage CIBIL and Bharti's database for the benefit of the industry and both the organisations. Both the organisations carry rich database of consumer behavior and history which can be used for customer profiling based on financial as well as telecom spend.   --------------------------------------------- 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

What is a Joint Account ? Posted: 02 Feb 2012 09:11 AM PST  Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form    Don't fool yourself. This was never a technical question. Of course having a joint account makes sense: they are super-efficient, streamline expenses and force financial discipline. We all know that (at least we should). It is the idea behind opening a joint account with the partner that is disconcerting — that thing about sharing money?    Saints and diehard romantics vehemently deny feeling the twinge. But all other lesser mortals can't help the queasy feeling in the gut when it comes to pooling resources. Let's admit it, we love our money more than we think. And in a relationship, monetary transactions go beyond give and take. They reflect the balance of power between partners. That often matters more than hard cash.    Grandmas rubbish power equations and espouse the all-or-nothing philosophy: if married, both partners have a 100% stake in everything each owns. That includes money — all of it. If the oldie gang had its way, married children would divert entire salaries into one common cache.    But you can't grudge them this oversimplification: they were the likely beneficiaries of the first wave of liberalisation in India when the man deigned to open a joint account with the woman who kept house. And marriages were a different species then. Division of Labour Today unions are not always marriages. They could be live-in relationships, friendships with benefits or long courtships. All the types comprise two independent individuals, both of whom earn a living and desperately need "personal space". That space includes money.    Counsellors say control over finances is perhaps the most important tool to assert individualism. So when a squabbling couple comes for help, no matter the problem, they probe the money arrangement between the two. It rips open the relationship, warts and all.    So why do modern-day urban couples prefer to split responsibilities than pool in the money they earn? He pays the EMIs and she looks after household expenses. School fees are on his task-list, children's clothes on hers. Sometimes down to, he gets the booze, she buys party crackers. Money Matters When confronted, couples come up with vague responses that can be best deciphered as: it is messy. The explanations span social and psychological differences: we come from different backgrounds or our approach to money is poles apart. He is a tight git and I like to live large. A joint account is deemed a potpourri that would make them face their differences. This is strictly avoidable.    Do separate accounts ensure there are no fights over money? "Of course we argue, but I am sure the frequency and intensity would escalate if the money was pooled," says an indignant one-half of a couple that wishes to remain anonymous.    The truth, however, lies beyond the fights. Relationship experts pin it down as trust. This nebulous concept becomes a reality when we need to part with or share our most precious possessions. And money tops the list. Mine vs Yours Very few partners have the confidence that the other half will handle the money the way they want. They fear the latent premise of 'mine versus yours' will surface. And neither gender can claim a moral high ground on this one. A woman married for 12 years confides: "I am afraid he'll spend my money on funky gadgets that he'll rarely use." Doesn't the husband question her spending? "He jokes about how I can spend my entire salary on eating out. We have divided the bills among us, so these are light-hearted conversations. Imagine if he were to spend thousands on some fancy toy and I got the SMS (from a joint account)? I would be mad." The Way Out A couple due to get married in February admits going through the first sulk-periods over who is spending what. "Technically, we are coming together as one cohesive unit. But she thinks I can spend a fortune on the honeymoon while she is cautious about gifts. Why the double standards?" asks the man.   Would a combined marriage fund, in spirit akin to a joint account, sort out the problem? Not necessarily. It could lead to more questions: who puts in how much money? Should contributions be in the ratio of incomes? But don't both partners enjoy the benefits of expenses equally? The future of the set up may be more petty: are his cigars a household expense like my cheese? In reality, what is bothering the groom-to-be is whether the close-fisted attitude of his fiancée is a measure of her affection. Is it possible to be madly in love yet hoggish about money? Don't ask therapists or relationship experts for the answer. They don't offer an unqualified yes or no. But they do recommend the middle path: a joint account as the symbol of togetherness (route EMIs, rents and daily expenses through them,) and separate accounts for freedom and the sense of control. For in coupledom, perception matters more than reality.   --------------------------------------------- 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 Application Forms Posted: 02 Feb 2012 08:54 AM 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

ELSS Online India Posted: 02 Feb 2012 08:31 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   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

Fidelity Planning to Sell India mutual fund business Posted: 02 Feb 2012 07:46 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form   Losses hit Mutual Fund unit which oversees assets worth Rs 8,800 cr   International mutual fund giant Fidelity is considering the sale of its India business, hurt by mounting losses and years of underperformance. Fidelity has appointed multinational investment banking firm JP Morgan to find a buyer for the business which oversees assets worth Rs 8,800 crore. People close to the situation said JP Morgan has sent a 'request for proposal' to prospective buyers. "Fidelity Worldwide Investment is conducting a strategic review of its onshore asset management business in India; as with strategic reviews, all options are being covered. The review is underway and it is too preliminary to discuss any outcome. We remain fully engaged in and committed to the process of successfully managing money for clients using all the resources of the company as required. In addition, the outcome of this review will take full account of our fiduciary duty to, and the interests of, our clients," a Fidelity spokesman told ET. A JP Morgan spokesperson declined comment. Indian equity markets have experienced a roller-coaster ride over the past five years but are still among the strongest performers in emerging markets. The Sensex has risen 80.87% since 2005, the sixth best performer after Brazil, Chile and China, Philippines and Malaysia. Mutual funds were at the forefront of the bull run till 2008 when the financial crisis overwhelmed global markets. Some funds, which had entered India in the 1990s, have exited while others have grown exponentially taking advantage of the unprecedented bull run. Nippon Life recently bought 26% in Reliance Mutual Fund, where 35% of the money is invested in equities. The deal was valued at about 6.8% of Reliance's assets and while Fidelity is unlikely to get the same price due to its losses and high cost structure, it has an advantage in its asset composition. Over 60% of Fidelity's assets are invested in equties mutual fund, industry officials say. A higher percentage of equity assets help funds get a better price as many investors prefer equity over debt. Very few mutual funds in India have a 50%-plus exposure to equity and Fidelity can take advantage of it, say experts. Fidelity, they add, may seek a price of 3.5% to 4% of the total assets which would work out to about Rs 300-350 crore. But the Indian unit also has accumulated losses of Rs 306 crore and that may work against a higher valuation. The boom helped Fidelity lift its performance but it could never match the pace set by Indian competitors. Since April 2006, Fidelity's assets have grown 137% compared with a 301% jump for HDFC, a 219% jump for Reliance and a 152% rise for ICICI Prudential. In August 2009, markets regulator Securities and Exchange Board of India (Sebi), banned the practice of levying an upfront fee on investors. The ban was widely criticised and ended up hurting the profitability of funds, who use these fees to pay distributors. "With the kind of cost structures Fidelity has and stringent selling rules by the regulator, it was getting tough to estimate the turnaround period," a person with close knowledge of the development said. Employee remuneration costs at the fund rose 51% to Rs 68 crore for the year ended March 2011 while business development expenses rose 102%. Rentals, during the same period, have risen 51%. Fidelity has spent heavily on marketing and employee costs were also quite higher than industry standard. Despite this, it could not make much headway in India. It is more of a failure in strategy than anything else. It could not read the Indian market well. Fidelity's decision also comes in the wake of the regulator's direction to shift the fund's trading desk from Hong Kong to India in July last year. Sebi wanted Fidelity to shift its trading desk here even if it meant making India the regional trading hub. This would have been too tedious. The Indian mutual fund, as well as the foreign institutional arm of Fidelity, run their trading desks in Hong Kong, which also serves as the firm's regional trading centre.   --------------------------------------------- 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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