Prajna Capital

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• Leave encashment and Tax implications
• Chola Family Floater Health line Insurance Policy
• Retirement Planning - Plan for retirement early stage of life to be comfortable in the end
• Changes to ICICI Prudential Long Term Floating Rate
• Infrastructure bond 2012
• ELSS Online 2012
• Muthoot Finance plans a third NCD issue of Rs 700 crore
• What is Buyback Offer ?
• UTI Mutual Fund plans fixed term fund - UTI - Fixed Term Income Fund Series XI
• Canara Robecco Equity Taxsaver
• Section 80CCF Tax Saving Infra bonds
• Best Performing ELSS Mutual Funds
• Hybrid Mutual Funds / Balanced Mutual Funds / Monthly Income Plans can help to balance debt and equity in your portfolio
• Debt instruments: Safety of corpus and assured returns
• Equity Investing - Tips for beginners
• Edelweiss Mutual Fund Change in Fund Management
• Franklin US Opportunities Fund

Leave encashment and Tax implications Posted: 04 Feb 2012 05:04 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form   The Income Tax Act, 1961, provides for certain exemptions in connection with leave encashment   AS THE famous saying goes -"All work and no play makes Jack a dull boy." The same is applicable to employees of an organization. Therefore, to overcome such a situation, employers in every sector, usually have a policy for providing annual leaves to their employees for a healthy work-life balance. Employers may also have a policy of paying cash in lieu of leaves that have not been availed by the employees during the year or at the time of their retirement or leaving the organisation. Leave encashment: The unutilised leaves to the employee's credit may lapse or ac cumulate or can be encashed, depending upon the leave policy of the employer. upon the leave policy. The unutilised leaves are called `earned leaves' and the amount received in lieu of this is popularly known as `leave encashment' or `leave salary'. Tax implications: As per the provisions of Section 10(10AA) of the Income Tax Act, 1961 (the Act), the amount received towards leave encashment from the employer is taxable as salary income of the employee. However, the Act also provides for certain exemptions in respect of leave encashment to an employee, subject to specified conditions. These provisions can be categorised separately for government employees and non-government employees. For central and state government employees: The amount received towards leave encashment at the time of retire ment whether on superannuation or oth erwise is tax free, that is the entire amount received is fully exempt from tax. For non-government employees: The amount received towards leave encashment is exempt subject to specified conditions. The exemption is restricted to the least of the following: Cash equivalent of earned leave to the employee's credit only at the time of retirement whether on superannuation or otherwise (earned leave entitlements cannot exceed 30 days for every year of actual service rendered for the employer from whose service one has retired). Ten months' salary, which is calculated on the basis of average salary drawn during the period of 10 months immediately preceding retirement, whether on superannuation or otherwise. Leave encashment actually received at the time of retirement whether the time of retirement whether on superannuation or otherwise. Salary for the aforesaid purpose means basic salary and includes dearness allowance if terms of employment so provide, but excludes all other allowances and perquisites. The limit is Rs 3,00,000, which can be availed of during the lifetime by an employee. It has been clarified that in case any amount received towards leave encashment is received by an employee from more than one employer, the aggregate amount so exempt should not exceed the overall exemption limit mentioned above. In addition, if the amount received towards leave encashment is received in one or more financial years, the exempt amount claimed earlier has to be taken into account while computing the present exemption. For example, if the specified exemption limit of leave encashment in the present year is Rs 3,00,000 for non-government employees and in an earlier year, the employee had received Rs 2,00,000 towards leave encashment, which was not considered as taxable in that year, then the limit of the leave encashment in the present year to be exempt would be reduced to Rs1,00,000 (Rs 3,00,000 minus Rs 2,00,000).   --------------------------------------------- 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 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

Chola Family Floater Health line Insurance Policy Posted: 04 Feb 2012 04:18 AM PST   Cholamandalam MS General Insurance company has launched a new Chola Family Floater Health line Insurance Policy, which offers comprehensive hospitalisation coverage.   --------------------------------------------- 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

Retirement Planning - Plan for retirement early stage of life to be comfortable in the end Posted: 04 Feb 2012 03:21 AM PST Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form   The earlier you begin planning your retirement corpus, the better off you will be later    With an increasing lifespan and disintegration of joint families, saving for the retirement years has become a necessity. Depending on your risk tolerance and investment horizon, you have to determine your asset allocation strategy. If you start planning for your retirement early in life, you have a longer investment timeframe and higher risk tolerance level. Hence, your portfolio will be heavily titled towards equity. Those who procrastinate till the later years will have to invest in low-risk debt instruments such as fixed deposits.    Consider a person with a very low appetite for risk. By simply investing in the Public Provident Fund (PPF), he can build a healthy retirement corpus. Interest rates on the PPF have been revised upwards recently from eight to 8.6 percent. The ceiling on annual contributions to the fund is Rs 1 lakh now from Rs 70,000 earlier.    If you set aside Rs 1 lakh per year in a PPF account, in a period of 30 years, your investment would have grown to the tune of Rs 1.30 crores approximately. This is the power of compounding and benefit of starting early.    If you have a higher threshold for risk, you can invest in equity, precious metals and such avenues, besides maintaining some exposure to debt products such as a fixed deposit.    A general thumb rule states that a person can withdraw roughly four percent from his retirement corpus that includes inflows in the form of interest and dividends. This quantum of withdrawal is estimated to support a person, even 25 years after retirement.    Ganesh has saved Rs 1 crore towards his retirement fund. He can withdraw from his Rs 1 crore retirement savings an initial amount of Rs 4 lakhs (four percent). However, one has to factor in the impact of inflation on the purchasing power of an individual.    Suppose the inflation rate were nine percent, he would have to withdraw Rs 4.36 lakhs from his retirement fund to retain the same spending power The next year, factoring in inflation, his withdrawal must be Rs 4.72 lakhs and so on. By increasing the inflows, Ganesh can maintain the same level of purchasing power round the year despite inflationary pressures.    Rebalancing your portfolio so that the asset allocation is on target is critical. Rebalancing of a retirement portfolio must be done at least once a year. An investor has the choice to pump in more money into an under-weighted holding or sell some holdings to rebalance the asset allocation. A well-invested and balanced portfolio will meet all your retirement needs.   --------------------------------------------- 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

Changes to ICICI Prudential Long Term Floating Rate Posted: 04 Feb 2012 02:36 AM PST   ICICI Prudential Mutual Fund has announced the change in the fundamental attributes of ICICI Prudential Long Term Floating Rate Plan, with effect from February 21, 2012. Now, the name of scheme will be changed to ICICI Prudential Corporate Bond Fund. Accordingly, its benchmark will be CRISIL Short-term Bond Fund Index, it may invest upto 100% in debt instruments or money market instruments. It will have quarterly as well as half yearly dividend options.   Investors of ICICI Prudential Long Term Floating Rate Plan may exit without paying any exit load between January 20, 2012 and February 20, 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     Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Infrastructure bond 2012 Posted: 04 Feb 2012 02:18 AM PST Invest in Tax Saving Infra Bonds upto Rs 20,000 and Save tax under Section 80CCF. This is over and above Rs 1 lakh tax saving investment option available under Section 80C. You can save tax upto Rs 6100 and earn returns in excess of 9% over long period of time 10 to 15 years.   Download Infra Bond Application form below.   --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information   Current open Infra Bond Application form     Submit filled up application    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   Submit filled up application    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 2012 Posted: 04 Feb 2012 01:57 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

Muthoot Finance plans a third NCD issue of Rs 700 crore Posted: 04 Feb 2012 01:26 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form   GOLD loans major, Muthoot Finance, is planning a Rs 700 crore retain non-convertible debenture (NCD) issue, the company's third issue this financial year. The second issue for Rs 600 crore met with a tepid response even after an attractive 13.25 per cent interest rate on offer. With the third issue, the total sum raised by Muthoot Finance through retail non-convertible debentures this financial year would go up to Rs 1,750 crore. In the first issue, against an issue size of Rs 1,000 crore, the company raised Rs 693 crore, and in the second issue, it raised Rs 460 crore against an issue size of Rs 600 crore. The idea to come out with the third issue is the same as the first two issues, that is, to diversify our credit source. During the previous issues, many investors could not participate and there were a lot of enquiries. The interest rate for the third issue, however, may not be much higher than the 13.25 per cent offered during the second issue, he said, considering the interest rates have peaked. In its financial results for the quarter ended December 2011, Muthoot Finance has clocked a 61 per cent growth with a net profit of Rs 251 crore, against Rs 155 crore registered in the corresponding quarter last year. Total income grew by an impressive 91 per cent to Rs 1,231 crore during the quarter, indicating the kind of opportunities present in the gold loans business. The net interest margins, however, slipped to 10.81 per cent during the quarter, against 11.24 per cent in the third quarter of last year, due to the interest rate pressure. Capital adequacy ratio improved to 18.33 per cent, against 15.29 per cent last year. The total outstanding gold loans of the bank stood at Rs 22, 695 crore as of December 2011, with a 66 per cent growth over the previous year. The average ticket size of the loans also increased to Rs 39,944, against Rs 31,944 last 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 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 Buyback Offer ? Posted: 04 Feb 2012 12:58 AM PST Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form Share buybacks are in the news. And there are not one but two reasons for this. Obviously, one is that Reliance Industries has announced one which, if it lives up to the hype, could be the largest ever in India at about . 15,000 crore. The other reason could actually be more important. The Securities and Exchange Board of India (Sebi) is said to be in the process of changing the rules of buybacks in order to give an advantage to small investors. However, Reliance's buyback will have nothing to do with the change in regulations. The thing to understand here is that there are two entirely different ways in which companies can buy back there shares. In one method, companies make an offer to all shareholders to buy back a proportion of the shares they own. So if the company is planning to buy back 1% of its shares, than all shareholders get a fair chance to sell back 1 share for every 100 they own. It's rather like a rights issue in reverse. You have the right to sell a certain number of shares at an offered price, which you may choose to exercise or not. What Sebi is doing now is to give smaller shareholders an enhanced right to participate in buybacks. Under the new rules, the buyback ratio will be higher for those shareholders who hold less than a certain number of shares. Since buybacks are always done at a price that is higher than the prevailing market price, this gives smaller shareholders a bit of a leg up. Financially, all shareholders are still treated equal because the smaller ones still get the same price as others — they are just able to sell a higher proportion if they want to. Sebi is doing this because it believes that larger and institutional shareholders have inherent advantages and this restores the balance a little bit. However, this is not all there is to buybacks. There is another route which is not a very structured one. In this, a company just announces that it will conduct a buyback and states the total amount and a maximum price. It could say, for example, that it will buy up to . 1,000 crore of shares at a maximum price of . 500 a share over a certain period of time. This announcement is just a nonbinding statement of intent. The amount and the price is a maximum. It is under no obligation to actually buy anything close to the amount it has announced. The actual purchases are made on the exchanges through stock brokers and the company just announces periodically how much buyback has been done and how much of its capital has thus been extinguished. Of course, when a company announces a buyback, it is very likely to get a bump up in its stock price based on the maximum size of the buyback offer it has announced, something which is of obvious advantage to a lot of people. So in this sense, if the buyback is less (or, as it frequently happens, a lot less) than the original announcement, then that announcement eventually amounts to not much more than a misleading statement that moves the price at some point of time. There have been many cases like this in the past and as it happens, Reliance's own previous buyback announcement was something like this. In December 2004 the company announced that it would buy back close to . 3,000 crore worth of shares. The price ran up by more than 10% in a fortnight but the buyback was eventually just a meagre 5% of the announced amount. Of course, that was at the height of the brothers' conflict. The then vice-chairman Anil Ambani had made strong public statements against the buyback plan and that may have had something to do with its fate. However, the moral of the story probably is that this laissez faire route of asyou-like optional buybacks should be abandoned. They can easily amount to price manipulation and they are not in the shareholder's best interest, which are best served by buybacks through the other route. Companies should make a public commitment to the shareholders on buyback and then be obligated to stick to it.   --------------------------------------------- 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

UTI Mutual Fund plans fixed term fund - UTI - Fixed Term Income Fund Series XI Posted: 04 Feb 2012 12:32 AM PST   UTI Mutual Fund has filed offer document with Sebi to launch UTI - Fixed Term Income Fund Series XI, a close ended income scheme. The new fund offer price is Rs 10 per unit.   --------------------------------------------- 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

Canara Robecco Equity Taxsaver Posted: 04 Feb 2012 12:12 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form   When Shah quit earlier in 2011, investors were worried about the future performance of this fund. Going by the way Lahiri has handled the turbulent market, there does not seem to be too much reason for concern.   While Lahiri follows the same style of investing - a diversified portfolio with no market cap or sector bias and a focus on growth-oriented companies with strong fundamentals, he differs in his conviction levels. After taking over from Shah, he got rid of stocks which had a very small allocation in the portfolio. "This is my general style," he explains. "I don't like holding small quantities in a stock. Because if you are bullish on a stock and don't have a significant allocation, you won't get to benefit much when the stock performs well."   Does that mean the stock bets are high? No. Though allocation to a single stock has gone up to 9 per cent, it has been done only in select large caps. The allocation to the top five holdings (24%) is in line with the category average.   The fund follows a combination of the top-down and bottom-up approaches. Once Lahiri takes a view on which sectors look good, he picks stocks in those sectors which he thinks will give significant outperformance. When doing so, he looks at "factors like increasing cash flows or positive cash flows and it should not be highly leveraged."   The portfolio has shown some contrarian bets in the past. The risk is that it could be hit aversely if the bets don't play out. This far it has worked for the fund's benefit.   Going by its performance over the past five years, consistency is what stands out. It beat its category in 2007 but truly impressed in 2008. It was the least hit fund (-46.85%) in its category that year thanks to the cash and debt exposure that cushioned its fall. Yet, surprisingly, in December 2008, when the market went up, the fund delivered 15.10 per cent (highest in its category) while the category average was 8.38 per cent. Shah managed this by increasing exposure to Banking and booking profits in Metals. The last quarter of 2008 saw the fund register the lowest fall of 10.57 per cent (category average: -22.97 per cent).   In 2009, being fully invested when the market took off helped the fund gain a position among the top 10. In 2010 again, the fund was among the top 10. And in 2011, it was amongst the least hit in its category.   --------------------------------------------- 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

Section 80CCF Tax Saving Infra bonds Posted: 03 Feb 2012 07:59 PM PST Invest in Tax Saving Infra Bonds upto Rs 20,000 and Save tax under Section 80CCF. This is over and above Rs 1 lakh tax saving investment option available under Section 80C. You can save tax upto Rs 6100 and earn returns in excess of 9% over long period of time 10 to 15 years.   Download Infra Bond Application form below.     --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information   Current open Infra Bond Application form     Submit filled up application    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   Submit filled up application    Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Best Performing ELSS Mutual Funds Posted: 03 Feb 2012 09:58 AM PST Some of the best Tax saving Mutual Funds available are: 1. HDFC TaxSaver 2. ICICI Prudential Tax Plan 3. DSP BlackRock Tax Saver Fund 4. Birla Sun Life Tax Relief '96 5. Reliance Tax Saver (ELSS) Fund 6. IDFC Tax Advantage (ELSS) Fund 7. SBI Magnum Tax Gain Scheme 1993 8. Sundaram Tax Saver   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 --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form Submit filled up application    Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Hybrid Mutual Funds / Balanced Mutual Funds / Monthly Income Plans can help to balance debt and equity in your portfolio Posted: 03 Feb 2012 09:12 AM PST Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online   HYBRID funds typically comprise those funds which invest in a combination of debt and equity assets. Some well known fund types in this category are balanced funds, MIPs (monthly income plans) and asset allocation funds. Fundamentally, these fund types are quite similar. The difference is in the proportion of debt and equity investments. Some could be equity-oriented like balanced funds (typically 60 per cent or higher equity component) or aggressive MIPs (which typically have an equity component of 25 per cent or more) or some could be debt oriented. MIP, as an asset class, have been quite popular with the retail investors, especially because, as the name suggests, many MIPs have monthly dividend payout option. Balanced funds typically try to capture large part of the gains when equity markets are bullish and try to protect the downfall when equity prices are falling since they have 30-35per cent allocation in debt and money market instruments. Although, the name suggests that equity and debt ratio should be 50:50, equity allocation is kept at 65 per cent or higher in order to avail the favourable long-term capital gains tax which is at zero for equity oriented funds. In terms of taxation, there is a difference between MIPs and balanced funds. The former is taxed as a debt fund and the latter as an equity fund. Hence, while in a balanced fund the long-term capital gains tax is zero, in an MIP it is 10 per cent without indexation and 20 per cent with indexation (not including surcharges). There is a difference even in terms of the short-term capital gains tax, which for balanced funds is 15 per cent and for MIPs as per the income tax slab applicable for the investor. As far as dividend option is concerned, in balanced funds the dividend distribution tax is zero, whereas, in MIPs it is at present around 14 per cent. Asset allocation funds, on the other hand, could have somewhat different features, and allow the fund manager of the scheme to switch from debt to equity or vice versa depending on his/her view on asset classes giving superior returns. Therefore, the performance of this fund would depend on the fund manager's ability to correctly anticipate turns in both the markets. One may ask why hybrid funds, and why not invest in a pure equity or debt product. The biggest advantage which often is not thought of by investors is that investing in hybrid funds can help avoid the hassles of investing separately in either debt or equity. Prudent financial planning says that investors should ideally allocate their funds as per their risk appetite, return expectations and liquidity requirements. Thus, both debt and equity funds should form part of the portfolio. Once an investor has decided on what proportion he should divide his investments in equity, debt and other asset classes like gold and real estate, he can invest in a well managed hybrid fund which invests in a similar proportion. Incremental investments can also be made instead of being broken down every time into two different funds. In most hybrid funds, typically, the debt portion would be managed by a debt fund manager and equity by an equity fund manager, both experienced professionals in their fields. However, these funds do not fulfil liquidity requirements as they have exit loads and an investor needs to stay invested for a year or more. These funds also have high MTM (mark-to market) exposure, implying that, they are prone to price risk, credit risk and interest rate risk. Hence, capital protection is also ruled out.   --------------------------------------------- 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? 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Debt instruments: Safety of corpus and assured returns Posted: 03 Feb 2012 08:37 AM PST Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form    In the domestic economy, the interest rates have gone up quite high over the last couple of years, and have almost reached their peaks. The policymakers have already indicated a hold on further key interest rate hikes in the previous monetary policy review. Now with the inflation rate cooling down, analysts are expecting the Reserve Bank of India (RBI) to take some monetary softening measures, going forward.    The draw of debt instruments has increased over the last few months due to their higher returns as the interest rates have gone up. On the other hand, the equity markets are going through a phase of uncertainty due to the global turbulence. Analysts suggest small investors should increase their portfolio allocation towards safer debt instruments as the situation is quite uncertain in the equity markets.    These are some debt-based instruments for risk-averse investors: Savings deposit     A savings deposit is virtually risk-free and also offers good returns in terms of interest. Savings deposit schemes include different types of bank deposits, provident funds, public provident funds, National Savings Certificate etc. Some of the long-term deposits also qualify for rebate on income tax and therefore become more attractive for individual investors.    Every investor should have some exposure to these safe instruments and it is a good time to invest in these instruments as the interest rates are almost at their peaks. Debt mutual fund     The debt-based mutual funds invest their corpus amounts in debt instruments such as government bonds, securities, corporate fixed deposits and debentures. Since the interest rates have gone up, debt based mutual funds are expected to offer better returns due to better realisation on underlying debt instruments. There are many options available among debt funds and you can invest according to your investment horizon and risk-returns balance. Short-term investors can invest in liquid funds which offer good returns and are highly liquid. On the other hand, investors looking for higher returns can invest in pure debt funds or balanced funds. Tax-saving options     Tax-saving instruments provide double benefits for investors - saving income tax on their earnings as well as locking their funds in safe instruments. It is close to the end of the current financial year and investors who have not yet completed their tax planning can look at investing in appropriate tax-saving instruments.    There are many long term debt funds available in the market at the moment. The returns net of tax are quite attractive in most of these schemes as they offer tax benefits too. Market-linked structured products     There are many innovative and structured products available in the markets. These products offer capital protection as they invest a major percentage of the fund in debt instruments. On the other hand, the returns are based on market movements and linked to the equity markets through F&O strategies. Therefore, these products promise a better balance of risk and returns.    These are new products and are sold on mathematical calculations and derivations. Many of these products have high management charges and fees. Therefore, investors should go through the various fund management charges as well as their terms and conditions carefully before committing large sums to these instruments.    The draw of debt-based instruments is high as the interest rates have peaked after several successive monetary tightening steps by the RBI. Some analysts are expecting interest rates to start coming down in the near future. Debt instruments hold potential for all investors - those with a high risk appetite as well as those with a low risk appetite. The RBI is expected to take some monetary softening measures now that the inflation rate is cooling down Since the markets are going through an uncertain phase, small investors should increase their allocation towards safe debt instruments There are many options for risk-averse investors such as PPF, FD, RD, NSC etc. Long-term deposits also qualify for rebate on income tax   --------------------------------------------- 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? 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Equity Investing - Tips for beginners Posted: 03 Feb 2012 08:10 AM PST Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form      The stock markets attract fresh investments every day due to their draw of higher returns over a long term. However, they have been in a consolidation mode since the last couple of months, and therefore offer a good opportunity for long-term investors planning to invest in equity or equity-based instruments.    These are some of the significant aspects of building and managing an equity portfolio: Planning     Realistic expectations: First of all, it is very important to have realistic expectations when you are investing in equity-based instruments. There is no doubt equity-based investments have yielded extraordinary returns during certain phases in the past, but it is important to keep in mind that past performances may not be repeatable in the stock markets.    Time management: Investments in equity and equity-based instruments are not completely passive in nature. They require some active tracking and involvement from the investors, to identify the right opportunities to enter and exit.    Risk appetite: It is important to understand that investments in equity-based instruments are risky and in adverse conditions investors may face a loss. That is why it is advisable for you to invest only your risk capital in equity-based instruments. You should also understand your risk profile to identify appropriate instruments. The risk profile of an investor depends on many individual factors such as age, financial background, earning visibility and stability, and family background.    Diversification: You should allocate a percentage of your total investment portfolio to equity-based instruments. You should diversify and balance your total investment kitty among various instruments such as life insurance, medical insurance, tax-saving instruments, commodities, property, and other safer instruments such as bank fixed deposits etc.    Timing: It is not possible to predict and buy only at the lowest level of the markets. Therefore, investors should buy in smaller quantities at regular intervals in order to ensure a good average entry price on investments. Picking stocks     Identifying sectors and stocks for a portfolio is not a difficult task. However, it requires some patience and tracking.    These are some steps you can take to choose stocks for your portfolio.    Prepare tracking list: The first step is to prepare a tracking list of stocks from various sectors. You can pick the stocks for your tracking list considering the tips offered by market analysts, stock brokers etc. Investors should analyse the basis of the recommendations rather than follow the advice implicitly.    Track stocks: Once the tracking list is formed, investors should keep tracking the news and developments around these stocks including quarterly results, management interviews, analysts' columns etc. This information is easily available. Once you feel comfortable with the stocks and they appear to be good buys, you can start investing with a long-term perspective.    Discussion group: This is a good way to analyse and identify stocks to invest in. Due to the dynamic nature of stock markets, it is very difficult for an individual to track all the significant market events.    Investors can form a small group or participate in discussion forums to analyse equity investments. This gives a good platform to learn through mutual interaction and be attentive to many market developments.   --------------------------------------------- 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? 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Edelweiss Mutual Fund Change in Fund Management Posted: 03 Feb 2012 07:08 AM PST   Edelweiss Mutual Fund has announced the change in the fund management responsibilities of all Equity and Fixed Income schemes, with effect from January 23, 2012. Now, Mr. Dhilip Krishna will be the Co-Fund Manager of all Equity and Fixed Income schemes instead of Mr. Nandan Malik.   Consequently, Mr. Nandan Malik will cease to be the Co-Fund Manager and will take charge of other assignments with in the Fund House.   --------------------------------------------- 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

Franklin US Opportunities Fund Posted: 03 Feb 2012 06:28 AM PST Franklin Templeton unveils fund of funds for US equities Tax Saving Mutual Funds Online Current open Infra Bond Application form   INDIAN investors can now take a call on US equities by investing in new fund that will invest in a $2.34 billion US fund. Franklin Templeton on Tuesday announced the launch of a new open ended fund-of-funds called FT India Feeder - Franklin US Opportunities Fund. The new fund offer will be open from January 17 to January 31. The fund will invest into the Luxembourg-domiciled Franklin US Opportunities Fund, which invests in US-based companies across sectors and market capitalisation range. Launched in 2000, the master fund invests in US companies which have above average growth and profitability relative to the overall economy. The fund has 89 stocks in its portfolio and 75 per cent of them are large cap stocks. This is first activelymanaged fund for US to be launched in India, Franklin Templeton officials said.       --------------------------------------------- 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  --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information   Current open Infra Bond Application form     Submit filled up application    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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