SEO Simplified By Gabs Gaurs &amp; Geets

Share buyback has been the buzzword for many companies in the past year. Over 20 companies, including market movers like Reliance Industries, have announced their plans to buy back shares. Many would be also tempted to participate in these, especially if the price announced is higher than the existing market price.

For promoters, there are several options to buy back shares. While the Ambani brothers bought shares from the open market, companies can buy back shares directly from individual shareholders, popularly known as the tender route. "The former typically happens if the buyback price is much higher than the market price.

Though the price offered might be higher, individual investors need to take into account an important aspect, tax liability. When an individual does not sell shares on the stock exchange, ie sells it in a buyback, open offer or private placement, capital gains earned in such transactions get indexation benefit." Say, you earn ~1 lakh from sale of shares in a buyback, off the stock exchange. Assuming you had the shares for more than a year, you would be taxed at 10 per cent without indexation or 20 per cent with indexation, whichever is lower. In an open market transaction, if shares were held for more than a year, long-term capital gains tax would stand at zero, provided the securities transaction tax (STT) is paid.

If the stock was held for less than a year, then the capital gains would be added to the income and taxed, according to the slab. In other words, the taxation could be as high as 33 per cent in the short term, whereas it would be 15 per cent in case of open market transaction.

The process works like this: The shareholder transfers the shares to an escrow account and submits the buyback form (with a proof of escrow transfer) to the depository or the company. Since this sale is taking place through a private deal between the promoter and the shareholder, the income tax department taxes it differently.

This transaction changes the process to calculate tax on long-term capital gains. Since off-market transaction is not required to pay STT, the long term capital gains tax is indexed and then calculated

Typically, debt instruments, property and even physical gold get the indexation benefits. Executive director (tax & regulatory practices), This is the process to calculate tax liability on capital gains on transfer of shares, but not through the stock exchange. Any long term asset can get indexation benefit. For instance, gains from sale of house property after three years also get indexation benefits.

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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

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

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

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Application form for Tax Saving Infrastructure Bond and more information

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Should you Hold Insurance Policies in electronic form ?

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Posted: 07 Mar 2012 05:01 AM PST

In an era where the business world is increasingly moving towards paperless transactions, the insurance sector does not seem to have kept pace. At least in certain aspects, that is. For instance, even in this digital age, life insurance policyholders are required to preserve the policy document issued over a period of 15-20 years, that is, the entire policy tenure. Of course, you can always ask for a duplicate copy by calling up your agent or insurer, but wouldn't it be easier if you could simply maintain it in the electronic form? After all, investors have had the comfort of holding equity shares in dematerialised form for a long time. In case of mutual funds too, you are not required to produce a physical proof of your mutual fund investments for trading and redemption purposes.

Enter DeMat Policies

Realising the need to put in place similar infrastructure for insurance policies too, the Insurance Regulatory and Development Authority (Irda) issued guidelines last year for converting them into electronic form. It is expected to become operational by April 2012. To begin with, only life insurance policies — including pension plans — can be dematerialised, but the regulator plans to extend the same to health and motor policies, going forward. So far, the insurance regulator has given an in-principle approval to NSDL, CDSL, Karvy, CAMS and STCI to function as insurance repositories. These repositories will maintain basic information about policyholders and their dependents or nominees, along with the records of any claims made or loans taken against the policies.

Signing Up For E-Insurance

If you intend to convert your life policies into the demat form, you will have to open an e-insurance account, which is a one-time process. They can either approach any of the insurance repositories to open an account or submit an account opening form along with the proposal for insurance cover to the insurance provider. In case of new policies, the insurer will forward it to the approved repositories set up specifically to facilitate the process. You will need to submit your identity and address proofs for the purpose. Once the policy is issued, it will arrange to share the policy details with the insurance repository who in turn will update it to the customer's insurance account.

Those with a policy can open the account by themselves by submitting the policy conversion request along with the policy document to the repository. While the insurance company will not levy any charges, you may have to pay a fee to the repositories. In case of new as well as old policies, the repository will intimate the policyholder after the account is opened and updations are made. You can view all these details by logging in to your e-insurance account using the log-in ID and password provided by the repository.

Convenience Amplified

Many feel that e-insurance can do to the insurance space what dematerialisation of equity shares did to the capital markets. The biggest advantage is the convenience it offers. Policy documents can be maintained in the electronic form, eliminating the need to make efforts to preserve them.

Moreover, if you have an account, you needn't go through the KYC compliance procedure every time you buy a policy. If you own multiple policies, all of them will be reflected in a single account and thus keeping track will become easier. Now, most customers buy policies from various companies. If, at a later stage, there is a need to modify personal details like address, they will have to approach all these companies individually. However, if they have an e-insurance account, they would need to intimate the repository only once. It could be a source of comfort for your nominees to. They will not have to run around looking for the documents if there is a claim. Since the repository will consolidate all policies under a single account, the family will immediately come to know of the policies purchased by an individual, in case of an emergency. Also, the repositories will facilitate processing of service requests, which hitherto could only be serviced through the agents or the branches of the insurances companies. Assigning a policy if you are taking a loan against it will also be simpler through this route.

A Single Solution To All Problems?

Not really. At least, not in the initial phase. You will still have to contact your insurance company or agent for certain services. As thing stand now, policyholders will be able to view only the basic data through the account initially. For the information on say fund value of your Ulip, you will still have to approach the insurance company. In the future, though, the customer may get to view such information too.

While it promises to eliminate several layers of communications that delay procedures, don't forget that your agent's services may come in handy at the time of a claim.

And finally, you need to remember that it is an option that policyholders can exercise and is not mandatory. You can always insist on a physical policy if you are not comfortable with e-insurance. Also, should the need arise in future, you can get the electronic versions reconverted into physical documents.

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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

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

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

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Application form for Tax Saving Infrastructure Bond and more information

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How to apply to REC Bonds?

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Mutual Fund SIPs Make more Sense in volatile stock markets

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Posted: 07 Mar 2012 03:35 AM PST

Every pundit on Dalal Street has his favourite 'retail' joke. "Retail investors have only one strategy: Buy when the market is at all-time high, and sell when it is at all-time low. The best strategy to lose money in the market," laughs a seasoned stock broker, who never gets tired of repeating the story. "I used to tell my team it was time to scoot when worthless IPOs would start getting subscriptions from small towns you have never heard of," jokes a mutual fund manager, who prefers not to be named. Well, these jokes were out of fashion in the last two years. Suddenly, the same people were talking about the 'mature' retail investors and their commitment to the market. The proof is in the systematic investment plan (SIP) numbers, they would aver. However, it seems, the celebration was a bit premature. Guess what, investors are back to what they do the best: Selling or getting out when the market is low. Probably, they will also get back when the market recovers.

As per the data from Karvy Computershare, a registrar of mutual funds, the number of SIP investors dropped sharply to 80,823 in 2011-12, from 3.16 lakh in 2010-11. According to CAMS, another registrar, new SIP registrations dropped from 23.65 lakh to 18.9 lakh during the same period. It is due to three different reasons. One, equities are not doing well. Second, even mutual funds are pushing debt products at the moment. Third, there is still a distribution vacuum created by the ban of entry load on mutual funds. For example, a SIP in HDFC Top 200, the scheme with the largest asset under management (AUM) at more than . 10,000 crore, has given a return of 6.5% in the past year (if you had put in money using the SIP route every month, this was the return you would have got) HDFC Equity Fund, the scheme with the second-largest AUM, has given a negative return of 1.71% while Reliance Growth has given a return of a mere 3.46% in the same period. Compared to such uninspiring performance, bank and company fixed deposits are offering returns in the range of 9%-11% per annum. This difference in returns, according to MF distributors, has resulted in investors closing their SIPs and shifting money to fixed income instruments.

But is it a smart strategy? Sure, it may make sense if you look at the numbers in the short term. However, it could prove a huge mistake if you look back after a longer period of, say, 10 years. Keep your SIP running for a longer period and do not stop it in downturns. You will lose out a chance to make money in the long term if you stop your SIP midway when the market tanks. In fact, that statement encapsulates what SIP stands for. The whole idea behind starting a SIP with an equity scheme is to go on investing regardless of the market conditions. In that sense, SIPs help you control your emotions and go ahead with your long-term investment plans in equity. Another important feature of SIP is that it helps you buy more number of units when the market is down, this would help you to average your cost of holdings in the MF scheme of your choice. Look at the numbers for yourself.

According to mutual fund tracking firm Value Research, those who have stayed invested in good MF schemes for 10 years have pocketed handsome returns. Reliance Growth tops the list with an annualised return of 26.86%, followed by DSPBR Equity at 25.48% and HDFC Top 200 at 25.18%. In fact, even the worst performing SIP, Taurus Discovery Fund, delivered 8.23% while JM Equity delivered a return of 11.11% in the period. Sure, some self-proclaimed pundit may tell you that you could have done better if you timed the market, but always remember that timing the market is easier said than done.

They should link equity SIPs to their long-term goals such as children's education, retirement or buying a house," says Anil Chopra, Group CEO, Bajaj Capital. "If you are investing . 10,000 per month in SIPs, split it up into four or five funds. Have a mix of largecap, mid-cap, value style and thematic funds as part of the SIP portfolio. Experts like him reiterate SIPs are the best way for individuals to enter the stock market, as it imparts discipline and also one can invest as little as . 50 a month in an equity scheme. Just identify a scheme from a good fund house that has been a consistent performer over the past five years and start investing in it. And don't forget to review the performance of the scheme regularly.

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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

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

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

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Application form for Tax Saving Infrastructure Bond and more information

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Double sum insured health plan – Who is it for ?

Posted: 07 Mar 2012 03:19 AM PST

A HEALTH insurance policy is a must for anyone today, even if the employer provides a health cover for the entire family, considering how medical costs have gone up. Health insurance companies too have been coming up with interesting products to meet the varied health needs of individuals and families.

One such product, which many health insurers offer now, is the double sum insured health insurance product where the insured, after exhausting the original sum insured can avail a higher cover at no additional cost, in case of a sudden medical need.

For instance, an individual takes a double sum insured product, with a basic sum insured of Rs 3,00,000, which gets used up, say for a heart ailment.

Subsequently, he gets an arm fractured in an accident. He would still be able to get insurance cover for the accident although, he has already exhausted his sum insured. The additional coverage is for a maximum of Rs 3,00,000.

Star Health Insurance's 'Family Health Optima,' Apollo Munich Health Insurance's 'Optima Restore Health' and L&T General Insurance's 'Medisure Prime Insurance' are such double sum insured products. Here are what the buyer has to know before going for such products: These policies are more expensive: The premium to be paid for a restoration policy with a basic sum insured of Rs 3,00,000 and the option of doubling it, would be at least a few thousand rupees higher than a policy with just a basic sum insured of Rs 3,00,000. The risk of a possible additional coverage has been factored in while pricing the premium for these products.

Additional cover only unrelated conditions: Most of these policies provide the additional cover only when the condition is different than the one for which claim was made. For instance, if a diabetic with a Rs 2,00,000 sum insured policy exhausts it, following the amputation of a toe and then later develops diabetic retinopathy during the tenure of the policy, it will not be covered. In fact, only a few of these policies offer additional cover only in cases of accidents that require hospitalisation, after the original sum insured is exhausted.

Minimum amount for additional cover: Since the risk is high in such insurance covers, the minimum sum insured for such products is also high. The minimum cover for such double sum insured products is Rs 3,00,000 and most of these products are family products rather than for individuals.

Coverage only for a different family member: In a family restoration policy, if one member exhausts the entire sum insured, he can not avail the additional coverage. It will only be available for another member of the family who is covered by the policy.

Who can buy such products? There are no clear rules on who can take these policies and who cannot. It depends on the health risk that one perceives for himself and his family. A basic policy is a must for anyone.

If someone already has a policy but feels that the coverage is inadequate, he can go in for a top-up policy with a lower premium, which will be of use if the first policy is exhausted.

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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

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

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

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Application form for Tax Saving Infrastructure Bond and more information

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IDBI Federal Bondsurance Plan

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Posted: 07 Mar 2012 02:50 AM PST

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.

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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

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

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

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------------------------------------------------
How to apply to REC Bonds?

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Income Tax Benefits under Section 80D, Section 80DD and Section 80DDB

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Posted: 07 Mar 2012 12:31 AM PST

Complete guide income tax deductions under sections 80D, 80DD and 80DDB which relate to medical expenses and health insurance / mediclaim. Good understanding will help you in substantial tax savings.

Every family has regular medical expenses. This may be towards a health insurance premium, or expenditure related to a family member's disability/critical illness. The Income Tax Act of 1961 has made provisions to reduce this burden through tax deductions under Income Tax section 80D, section 80DD, section 80DDB. Read on to understand how to use these sections to your benefit.

Section 80D in Respect to Health Insurance Premiums

Investments made towards payment of health insurance premiums, qualify for a tax deduction under section 80D.

Available Deduction - For individuals less than 65 years of age, amount of health insurance premium paid or Rs. 15,000, whichever is lesser. For senior citizens above 65 years, amount of health insurance premium paid or Rs. 20,000, whichever is lesser.

A further deduction of Rs 15,000 could be claimed, for buying health insurance policy for your parents (Rs 20,000 if either of your parents is a senior citizen). This is irrespective of whether they're dependent on you or not. No deductions can be claimed for in-laws.

Scope of Deduction - Individual assesses can claim deduction for premiums paid towards health insurance of self, spouse, parents and children.

For HUF assesses, premium paid for insuring the health of any member of the HUF, can be used for deduction.

Key Factors to keep in mind

The premium may be paid by any mode of payment, other than cash.
The health insurance premium that you pay must be from the taxable income applicable for the year you claim. Premiums should not be from gifts received by you.
Part payment of premium is allowed. For example, suppose your parents contribute 50% of their health insurance premium and you pay the balance 50% of their premium. In such a case, you could avail the deduction for the amount contributed by you and your parents too could avail deduction for their contribution.

Section 80DD for Medical Treatment of Handicapped Dependents

If you are incurring expenditure for the treatment of your handicapped dependent, you could claim a deduction under section 80DD.

Available Deduction - Rs 50000, or actual expenditure incurred, whichever is lesser. For severe handicap conditions Rs. 1,00,000 is the deduction limit.

Scope of Deduction - Deduction can be claimed for dependent parents, spouse, children and siblings. Dependents must not have claimed any deduction for their disability.

Deductions are permissible in either of the following cases.

a) Costs incurred for medical treatment, training or rehabilitation of a disabled dependent, including amount spent for nursing.

b) Amount paid towards an insurance scheme for the maintenance of your disabled dependent in case of your untimely death.

Meaning of Disability- Disability means a person suffering from 40% or more of any of the below disabilities. A severe disability condition is 80% or more of the disabilities.

a) Blindness and Vision problems

b) Leprosy-cured

c) Hearing impairment

d) Locomotor disability

e) Mental retardation or illness

Key factors

a) Individuals would need to produce a copy of the disability certificate as issued by the central or state government medical board to claim deduction.

b) Insurance policy obtained must be in your name and should be a policy for life. It could pay either an annuity or a lump sum amount for the benefit of the dependent on your death.

c) If the disabled dependent predeceases you, the policy amount is returned to you, and treated as income for the year in which you receive it, thus fully taxable in your hands.

Section 80 DDB for Treatment of Specified diseases

Costs incurred for treatment of specified illnesses, could fetch you a tax benefit under section 80DDB.

Available Deduction - For individual assesses less than 65 years of age, a deduction limit of Rs. 40,000 is applicable. For a senior citizen, the limit is Rs. 60,000.

Scope of Deduction - Deduction is applicable for treatment of self, spouse, children, siblings, and parents, wholly dependent on you.

Diseases covered

a) Neurological Diseases (where the disability level has been certified as 40% or more).

b) Parkinson's Disease

c) Malignant Cancers

d) Acquired Immune Deficiency Syndrome (AIDS)

e) Chronic Renal failure

f) Hemophilia

g) Thalassaemia

Key Factors

If you are already receiving any reimbursement for the treatment from your insurance company or employer, deductions cannot be claimed. If you are receiving partial reimbursement, the balance amount can be used for a deduction.
A certificate would be required from a specialist working in a government hospital, as proof for the specified ailment.

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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

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

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

---------------------------------------------

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------------------------------------------------
How to apply to REC Bonds?

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Non FMP NFO funds in the market

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Posted: 06 Mar 2012 11:44 PM PST

LEAVING aside the regular stream of fixed maturity plan (close-ended debt funds) in the mutual funds' new fund offer (NFO) space, there has been a dearth of NFOs of equity and non-FMP (fixed maturity plan) debt funds in recent months. An FCRB analysis, however, reveals no let up in the steady flow of draft offer documents being filed by various mutual funds with the securities market regulator, Securities and Exchange Board of India (Sebi), which propose the launch of non-FMP funds. Although, draft offer documents for FMPs still outnumbered the former.

Some of the proposed non-FMP funds from the draft offer documents even offer attractive features and scope for investors. In the past one year (March 2011 to February 2012), as per Capitaline NAV India mutual fund database, 34 NFOs took place for funds which were not FMPs. Of these, 13 were non-FMP bond funds, four were liquid funds, five gold fund of-funds (FoFs), three equity funds, two gold exchange-traded funds (ETFs), two gilt funds, two tax-planning equity funds, two global FoFs, and one equity index ETF.

In the same one-year period, as per the Sebi website, 213 draft offer documents were filed with Sebi, out of which, 92 were not for FMPs. However, of these 92 proposed NFOs, only 18 hit the mutual fund NFO market. The balance 74 have not come out with their NFOs either due to non-receipt of clearances from Sebi or due to their own delays. However, industry officials say the purpose of going to Sebi with draft offer documents of funds is to actually launch NFOs on those funds and not to delay them.

These 74 funds, whose draft offer documents were filed with Sebi but did not hit the NFO market, included the usual range of funds from regular bond funds to domestic equity funds. But, they also included some novel or uncommon NFO proposals such as Smallcap Benchmark ETF (filed in May last year before Goldman Sachs India MF acquired Benchmark MF), BNP Paribas Russia Fund, Axis Focussed 25 Fund, DSP Blackrock Emerging Europe Fund, Baroda Pioneer Global Equity-Gold and Mining Fund, HSBC China Consumer Opportunities Fund, DSP Blackrock IIFL Dividend Opportunities ETF Global Allocation Fund, Quantum Multi Asset Fund and FT India Feeder-Templeton Asian Growth Fund.

This is not the first time that the mutual funds have come up with such a wide array of funds providing enhanced choices for Indian investors. In 2008, Benchmark MF had filed draft offer documents to launch ETFs on crude oil, silver and government securities and global FoFs investing pre-dominating in ETFS covering the themes of clean energy, private equity and water. In 2010, Birla Sun Life MF filed a proposal for a T-20 Fund and Reliance MF filed one for an Indonesia Opportunities Fund.

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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

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

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

Submit filled up application Collection canter near you

------------------------------------------------
How to apply to REC Bonds?

Apply for REC Tax Free Bonds forms below

SBI Mutual Fund new debt fund

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Posted: 06 Mar 2012 08:07 PM PST

SBI Mutual Fund has announced the launch of SBI Debt Fund Series 90 Days 58. The new fund offer will be open for subscription from March 9.

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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

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

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

Submit filled up application Collection canter near you

------------------------------------------------
How to apply to REC Bonds?

Apply for REC Tax Free Bonds forms below

IRFC Tax-Free Bonds list on stock exchanges

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Posted: 06 Mar 2012 06:46 PM PST

The tax-free bonds of the Indian Railway Finance Corporation (IRFC), the financing arm of Indian Railways, made their debut today on the National Stock Exchange and Bombay Stock Exchange at a premium.

RFC in January 2012 issued tax free, secured, redeemable, non-convertible bonds of face value of Rs 1,000 each in the nature of debentures, having benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, as amended (bonds) aggregating to Rs 3,000 crore with an option to retain oversubscription of upto the shelf limit of Rs 6,300 crore.

These bonds carry a coupon rate of 8.00% p.a for 10 years (ISEC Comment: Series I) and 8.10% p.a for 15 years (ISEC Comment: Series II). An additional coupon rate of 0.15% p.a. and 0.20% p.a. on series 1 and series 2 respectively shall be available to Resident Indian Individuals, Hindu Undivided Families through the Karta and Non Resident Indians on repatriation as well as non-repatriation basis, applying for an amount aggregating upto and including Rs 5 lakh across all series in the tranche (available only to the original allottees).

The bonds have been rated 'CRISIL AAA/Stable' by CRISIL, '[ICRA] AAA' by ICRA and 'CARE AAA' by CARE, indicating highest degree of safety for timely servicing of financial obligations.

SBI Capital Markets Limited, A K Capital Services Limited and ICICI Securities Limited are the Lead Managers to the issue. Indian Bank shall be the Trustee to the issue.

The company intends to utilize the Issue proceeds for financing the acquisition of rolling stock and financing the capacity enhancement works in the Indian Railways.

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