Prajna Capital

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• Principal Mutual Fund renames Principal Ultra Short term Fund to Principal Bank CD Fund
• Birla Sun Life Income Renamed as Birla Sun Life Short Term Fund
• Should you invest in mutual funds?
• NHAI bonds to list well on Exchanges
• What HNIs Look for in a Financial Advisor
• DSP BlackRock Mutual Fund Launches 2 New FMPs
• Section 80CCF Tax Saving Infrastructure bonds 2012
• ELSS Tax Saving Fund Online

Principal Mutual Fund renames Principal Ultra Short term Fund to Principal Bank CD Fund Posted: 07 Feb 2012 02:45 AM PST Principal MF has renamed Principal Ultra Shortterm Fund as Principal Bank CD Fund from March 2. Now, the exit load will be 0.25 per cent if redeemed on or before three months.       --------------------------------------------- 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

Birla Sun Life Income Renamed as Birla Sun Life Short Term Fund Posted: 07 Feb 2012 01:56 AM PST   Birla Sun Life Mutual Fund has renamed Birla Sun Life Income Fund, with effect from February 1, 2012. Now, the new name will be Birla Sun Life Short-term Fund.   --------------------------------------------- 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

Should you invest in mutual funds? Posted: 07 Feb 2012 12:23 AM PST Buy Tax Saving Mutual Funds Online   Current open Infra Bond Application form    Over the last few months, inflows into mutual funds have diminished considerably. The stock market volatility has investors with low and medium risk appetite treading with caution. In the backdrop of optimism in economic growth and better-than-expected agricultural and industrial output, the market turbulence may pass soon. However, with the European nations in debt far beyond their GDPs and the shadow of US debt looming not far away, equity investors have reason to worry.    With an uncertain domestic front and a turbulent global influence, small investors are in a dilemma. With fixed deposits yielding 10 percent returns, it makes little sense to take on the additional risks linked to mutual funds.    Should you invest in mutual funds in the present conditions?    Apart from the traditional debt and equity products, mutual funds offer a plethora of innovative products including index funds, exchange-traded funds, fund of funds and arbitrage funds. Depending on the investor's risk tolerance, goals and investment horizon, he can balance the risk reward ratio by adjusting his exposure to numerous asset classes.    Equity and real estate have shown to beat inflation and yield attractive returns when held over a long duration. Adding the right funds to your portfolio basket today will make the returns attractive in the longer run. Investors with a low risk appetite should concentrate on debt mutual funds that invest in high-rated debt paper and government securities. Those with a higher threshold for risk can invest in diversified equity funds or small and mid-cap funds.    Market corrections provide an opportunity for investors to add mutual fund units to their investment basket at bargain prices. Identify the right funds in sync with your investment objective and risk profile. Do not panic at the current volatility and focus on companies that have strong fundamentals and linked to the economy's long-term growth story. Instead of trying to pick stocks on your own, mutual funds lends the investor the expertise of a fund manager.    Most investors try to time the markets. It is a daunting job even for professionals to get it right every time. Rather than waiting for the perfect opportunity, a systematic investment plan (SIP) provides an easy way out for investors. While one becomes a disciplined investor, the benefit of rupee cost averaging is the prime advantage. While investing through a SIP, you buy more units when the price is low and fewer units when the price is high. These market fluctuations are averaged over the investment tenure and the average cost of investment comes down.    One should invest in mutual funds for the long term. A 3-5 year perspective would earn you handsome returns, even beating the inflation rate. In the current scenario of rising interest rates, it makes sense to lock into fixed deposits. However, a share of equity exposure with a 3-5 year investment horizon could bolster your overall portfolio's returns. Choose from the wide array of mutual fund investments depending on your risk appetite and diversify your portfolio.   --------------------------------------------- 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

NHAI bonds to list well on Exchanges Posted: 06 Feb 2012 10:06 PM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form   Optimism is building ahead of the listing of National Highways Authority of India (NHAI) ~10,000-crore bond issue. Market players are expecting a repeat of the bumper profits seen last year when State Bank of India (SBI) bonds were listed. High net worth individuals (HNIs) who'd failed to get their desired quantity of bonds due to the huge oversubscription are still trying off-market deals. The HNI saw demand worth ~8,120 crore against ~3,000 crore of bonds on sale. The institutional category saw demand for ~24,533 crore against ~4,000 crore for sale. The grey market premium for NHAI bonds, ~5 when the issue closed for subscription on January 6, has now jumped to ~22. This means punters expect the bond to list at least ~22 above its face value of ~1,000, with considerable volumes in the market. Similarly, the grey market premium for the ~5,000-crore Power Finance Corporation (PFC) bond has also rallied from ~5 to ~17- 18, dealers from broking firms here said. The NHAI listing will be followed with PFC's in mid-February. Both had closed well before the last subscription date, due to heavy over-subscription. The markets are excited about NHAI bonds, expected to list next Monday or Tuesday. It should be a repeat of the SBI bond listing. Also, bond holders are likely to get more money, as the cut-off date of interest payment, March 31, is near. HNIs do not want to let go of this opportunity. The premium being offered in the grey market for SBI bonds then was ~320 per bond with a face value of ~10,000. The SBI Bond 'N' series was listed at a premium of ~365 on the National Stock Exchange against the face value of ~10,000. During the day, the counter also touched a high of ~10,385 before it closed at ~10,250. --------------------------------------------- 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 HNIs Look for in a Financial Advisor Posted: 06 Feb 2012 09:33 PM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form   What a high net worth individual should check before signing on a wealth manager    Managing a high net worth individuals (HNIs) account is a lucrative job for any wealth manager. After all, the stakes involved are high and the sums involved are huge. According to the 2011 Asia Pacific Wealth report from Merrill Lynch and Capgemini, high net worth individuals' (HNIs) wealth in India grew by 22% in 2009-10 accounting to $582 billion (Rs 28.4 trillion). India's HNI population grew to 1.53 lakh from 1.27 lakh in the same period. Looking at this huge growth and future potential, every intermediary is keen to grab a share of this growing pie. A number of brokerages, banks or boutique firms are expanding their reach beyond the metros by entering Tier II and even Tier III cities. So how do these HNIs choose their wealth managers? HNI needs are very different as compared to normal investors. Besides traditional products such as equities, mutual fund and insurance, HNIs may also need business funding, or advice on succession planning or formation of a trust. They would consider things like capability and reputation of the organisation/ wealth manager, bouquet of products on offer, before selecting a wealth manager. WHY HNI NEEDS ARE DIFFERENT A normal investor's first priority is tax planning, followed by child's needs and financial planning to meet goals such as buying a home or car or an overseas holiday. Basic products such as mutual funds, bonds and insurance would often help meet these needs. However, in the case of most HNIs, many would have met these goals and would be looking beyond these goals. So HNI needs could include the likes of buying a property in Dubai, buying a structured product, picking up a stake in a promising or upcoming business, funding a real estate project through debt or could be even looking at the idea of buying into a distressed asset, or writing a complex will. These needs are far different from investment needs of a regular retail investor. Hence, they need someone with greater depth, understanding and necessary skill sets to meet these needs. CHOOSING AN ORGANISATION Choosing a wealth manager is not an easy task, given that the wealth management industry in India is fragmented and highly unregulated. Since all big brokerages along with private banks as well as foreign banks offer wealth management, making a choice gets that much tougher. Given the busy schedule of most HNIs, it is important to choose someone who can devote time and attention to minute details and handle things with confidentiality. The task becomes all the more difficult since wealth management firms do not have any audited or published performance available in the public domain. Hence, HNIs have to rely on their own judgement or seek references. Larger organisations may have an edge since they can offer indepth research and views from the best analysts in the industry. Smaller organisations may score on account of their flexibility and ability to offer personalised service to their customers. Organisations have different ways of classifying HNIs. Some foreign banks ask for higher threshold levels, while some banks may call you an HNI if you have 50 lakh in deposit, or a brokerage house may call you an HNI if you hold more than 10-lakh worth of stocks in your portfolio. If you have specific needs such as succession planning or overseas investing, then choose your organisation accordingly. Go with an organisation that has a long standing track record and one which can cater to your specific need Alignment Of Interest & Trust Since most organisations link a wealth manager's incentive to the amount of revenue he generates, often the wealth manager ends up selling high-revenue products irrespective of the fact whether that product fits in the client's portfolio or not. This could expose you to higher risk or tilt your asset allocation. Ask questions like what is the incentive structure for the wealth manager. Is it merely on revenue achieved or also on basis of clients' asset appreciation. This will give you an idea whether the organisation is looking to merely increase its profits by taking you as a client or there is more to it. At the same time, also see that the fees charged or charges are reasonable and is inline with industry trends. According to the PWC Global Private banking report 2011: In wealth management, reputation is everything. It is the foundation of trust, bringing successive generations to an institution for vision and advice." "Finally, ensure that there is alignment of interest. Essentially this means, for the wealth manager, the clients' wealth and objectives should always come first. The Right Product Mix Foreign banks have restrictions on products offerings and they can offer products only when approved by their global headquarters. Brokerages have the flexibility in terms of product offerings as the turnaround time is faster, but cannot offer a banking platform or savings bank account or forex transactions. HNIs need a wide range of product offerings with multiple products across asset classes," says Sunil Mishra. Since every individual has a different requirement, it is natural that the solution presented would be different. Check with the kind of products the organisation has come up in the past and how successful they have been. For example, your wealth manager should be able to offer you a portfolio management scheme (PMS) from other organisations as well. Similarly he should be able to offer you structured products, real estate funds or alternate assets. You may also need advice on will drafting or succession planning. "Ensure that the wealth manager will help you meet those requirements, or at least has a tie up with a reputed agency. Advisor Experience More often it is the comfort with the advisor who you deal with that drives the relationship. HNIs prefer advisors with ability to understand and advice across asset classes. To advise across multiple asset classes, the advisor would need to be well educated and qualified. Hence it is important that you know how well qualified and experienced your advisor is. In countries like the US, Securities Exchange Commission (SEC) regulates advisors and each advisor has a registered number. So it is very easy to track the past credentials of any advisor. However, in India, there is no such agency tracking wealth managers and hence one would have to do his own homework. Employee Churn In good times, there is a lot of job hopping, where wealth managers change jobs and many a times the replacement given by the organisation may not be up to the client's satisfaction. The relationship manager whom they meet the most and do business with is the one they trust the most. It is the relationship manager who guides you in the entire journey. Of course these relationships are not build overnight. It could take as long as three years to build a strong relationship. So a new relationship manager's coming in could mean starting all over again. Hence, if the organisation has frequent employee churn, it could hurt your interest. --------------------------------------------- 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

DSP BlackRock Mutual Fund Launches 2 New FMPs Posted: 06 Feb 2012 08:13 PM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form   DSP BlackRock Mutual Fund has launched DSP BlackRock FMP Series 32 - 12M and Series 33 - 3M. The scheme will be open for subscription from February 8, 2012 to February 9, 2012 for Series 32 - 12M and from February 8, 2012 to February 9, 2012 for Series 33 3M.   The maturity date will be February 14, 2013 for Series 32 - 12M and May 15, 2012 for Series 33 3M.   --------------------------------------------- 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

Section 80CCF Tax Saving Infrastructure bonds 2012 Posted: 06 Feb 2012 08:20 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 Infra 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 Tax Saving Fund Online Posted: 06 Feb 2012 07:03 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

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