Prajna Capital

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HDFC Mutual Fund Swing STP Posted: 25 Feb 2012 06:16 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form     HDFC Mutual Fund has launched HDFC Swing STP which is the expansion of STP facility, with effect from February 21, 2012.   It works like any other Systematic Transfer Plan (STP). The only difference is that Swing STP tries to achieve the Target Market Value which can be more or less than the lump sum invested in debt scheme. So, every time, it transfers the amount from one scheme to another (must be growth Plan) based on the difference between Target Market Value and Actual Market Value of current holdings.   The minimum balance or minimum investment amount must be Rs.12000 for this. The minimum installment amount would be Rs.1000/- for weekly, monthly and Rs.3000/- for quarterly.   Everytime, the amount will be calculated as {(first installment amount*No. of installment including current)-Market value of equity investments}.   The most unique thing about Swing STP is Reverse Transfer. In case, Actual Market Value of current holdings is more than Target Market Value, it will transfer the difference from equity to debt scheme in order to maintain Target Market Value.   At the time of last installment, the remaining balance would be transferred and Swing STP will be closed.       --------------------------------------------- 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

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