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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

IDFC Infrastructure Debt Fund - New Fund Manager

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

Posted: 27 Mar 2012 04:54 AM PDT

IDFC Mutual Fund has appointed Mr. Rajesh Kumar Mishra as the Co-Fund Manager of IDFC Infrastructure Debt Fund with effect from March 27, 2012.

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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

Taurus Mutual Fund - Taurus FMP Series

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

Posted: 27 Mar 2012 04:41 AM PDT

Taurus Mutual Fund has announced dividend under the dividend option of Taurus FMP Series L. The quantum of dividend will be the entire distributable surplus as on the record date.

The record date has been fixed as March 28, 2012

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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

Fidelity Mutual Fund FMP - Fidelity FMP - Series

Submit filled up application Collection canter near you

Posted: 27 Mar 2012 03:44 AM PDT

Fidelity Mutual Fund has announced the book closure date of Fidelity FMP - Series V - Plan F. The book closure date is March 28, 2012.

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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

IT Returns Filing Exemption

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

Posted: 27 Mar 2012 02:16 AM PDT

There is some good news for salaried taxpayers with a total income of less than Rs 5 lakhs. They don't have to file their income tax returns for the current financial year - 2011-12 also. Last year, the government had extended this relief.

The Central Board of Direct Taxes (CBDT) has issued guidelines to this effect. It has specified that individuals with a total income of up to Rs 5 lakhs in a financial year and comprising only income under the heads 'salary' and 'income from other sources' are exempt from filing income tax returns for the assessment year 2012-13 applicable to the financial year 2011-12.

Further, it has been clarified that 'income from other sources' is interest from a savings account in a bank not exceeding Rs 10,000. In order to be eligible for the exemption from filing tax returns, an individual must furnish his PAN and details of income of bank interest to his employer, pay the entire tax due through deduction of tax at source, and obtain a certificate of tax deduction on Form16.

The individual should receive a certificate of tax deduction at source (Form 16) from his employer which mentions his PAN, details of income, and the tax deducted at source and deposited with the central government. Further, the individual should have discharged his total tax liability for the assessment year through tax deduction at source, and it must have been deposited by the employer with the central government. Also, he should have received salary from a single employer throughout the financial year. In addition, he should not have claimed a tax refund on the income of the relevant financial year. In order to claim an income tax refund, such persons will have to file returns.

Who won't get the exemption

It has been clarified that taxpayers receiving salary from more than one employer, having income from sources other than salary and interest from a savings bank account, or having refund claims will not be entitled to the exemption from filing tax returns.

Further, the exemption from filing tax returns is not available where a notice is issued to an individual to file returns under certain specified sections.

Benefits

The move will reduce the burden on a large number of taxpayers and simplify the process. It is another step in the right direction to simplify the tax process and increase compliance. It will also reduce the workload of the Income Tax Department, which can then concentrate more on other areas of tax collection.

As it is still February, eligible employees can provide the requisite details to the employers, so as to be eligible for the exemption from filing IT returns.

There are about 85 lakh salaried taxpayers in the country who will tend to benefit because their yearly incomes, including earnings from other sources like bank deposits, does not exceed Rs 5 lakhs.

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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

HSBC Mutual Fund - HSBC Fixed Term Series

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

Posted: 27 Mar 2012 01:22 AM PDT

HSBC Mutual Fund has announced dividend under the dividend payout option of HSBC Fixed Term Series 79. The quantum of dividend will be the entire distributable surplus.

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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

National Buildings Construction Corporation ( NBCC )

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

Posted: 26 Mar 2012 11:11 PM PDT

Investors should subscribe to the initial public offering of National Buildings Construction Corporation (NBCC). The government is offloading 10% of its stake in NBCC. No fresh shares are being issued through this offer. Strong order book, zero debt and its low-risk business model make the issue a lucrative proposition for the long term.

BUSINESS

NBCC operates in three segments: project management consultancy (PMC), civil infrastructure and real estate development. In the PMC segment, NBCC provides consultancy services for construction projects including buildings, hospital, roads and storm water drains. Through the civil infrastructure segment, it is involved in engineering and construction activities for power plants.

As of January 31, 2011, the company had a land bank of 125 acres. The company's order book in the PMC & civil infrastructure segments is over 10,000 crore, which is 3.4 times the FY11 revenue from the two segments. The company executes construction and power orders related to government bodies and agencies. These orders give a niche focus to the company's business in comparison with private players.

FINANCIALS

At the end of the September 2011 quarter, the company had net revenues of Rs 1,381 crore and net profit of Rs 75 crore. In the last five years the company's net sales have grown at a compounded annual growth rate (CAGR) of 26%, while its net profit has grown at a CAGR of 50%. The company has maintained an operating profit margin of 6-8% in the last five years.

VALUATIONS AND CONCERNS

The company almost entirely relies on the central government for new projects. Any slowdown in the award of new projects would hinder its growth prospects.

What is encouraging is that the government usually allocates funds to the company at the start of a project. These funds take care of its working capital requirements. As of December 2011, it had a cash balance of Rs 1,170 crore, which is 1.8 times its net worth. In addition, the company has a track record of paying dividends since the last three years. These factors would continue to be the strong reasons in driving the company's growth.

NBCC does not have a listed peer and hence a comparison is not possible. At the high end of the price band, the issue is placed at a P/E of 8 times and it has price to book ratio of 1.77. Companies in the construction sector with a comparable market capitalisation are trading at a P/B of 1.0 to 1.5. NBCC deserves a premium over them due to its healthy order book and low-risk business model.

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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

Edelweiss Mutual Fund - Edelweiss FMP Series

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Posted: 26 Mar 2012 09:44 PM PDT

Edelweiss Mutual Fund has extended the new fund offer (NFO) period of Edelweiss FMP Series 6 (380 Days). Now, the NFO will close on March 27 instead of March 20.

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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

Make use of ELSS Mutual fund tax benefits

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

Posted: 26 Mar 2012 08:41 PM PDT

Current open Infra Bond Application form

MUTUAL fund investors have something to cheer about in this Union budget because they will find that this investment route retains its importance in their portfolio. The rollout of the direct taxes code (DTC) has been pushed forward, making the tax saving route of equity linked savings scheme (ELSS) available for investors in the coming financial year also. This, along with the other applicable tax benefits for mutual funds as a whole, should ensure that various schemes remain on the investment radar for most investors.

ELSS funds going forward: Now that the details for the coming year are clear, it is obvious that ELSS funds will continue to be available for investment for the coming year also. This means that the planning for investments allocation to complete the Section 80C benefit of Rs 1 lakh, can be done at this point of time so that the savings and allotment strategy is also planned out carefully.

However, two things remain important for the investor to keep track of.

First of all, they must see when the DTC is introduced, as this will signal the end of the road for ELSS funds. The second thing is the nature of the taxation of the earnings from the funds should also be seen once the DTC is introduced, so that they are able to get an idea about the tax liability that they will incur when the shift actually occurs.

There is also some additional competition that the funds might face from the Rajiv Gandhi Equity Savings Scheme. The nature of the benefits that are proposed in this scheme and the overall situation shows that ELSS retains an edge and, hence, they should look towards making efficient use of the available funds.

A limitation of the new scheme could also be that this is meant for new investors and there is also a limit present for the income for the investors (Rs 10 lakh) who can make use of the scheme. All such restrictions are not present when it comes to the ELSS funds and, hence, these should remain in the forefront of the choice when it comes to tax savings.

Equity funds: Equity-oriented mutual funds still remain very tax-efficient due to the fact that dividends remain tax-free for the investor. At the same time, there is no dividend distribution tax in the hands of the mutual fund, so, there is no indirect impact for the investor too.

The real benefit, however, remains in the field of long-term capital tax gains where this is tax-free for the investors. Investors should continue to use equity-oriented mutual funds for their long term needs to grow capital.

However, there could be tough times ahead for the investors in these funds due to the fact that the equity market situation could remain weak as far as the performance of the funds is concerned in the short term. However, investors need to take a longer timeframe into consideration and continue their investments so that there is a rise of the equity cult in the country. This will provide benefits over the longer term as a lot of the goals of the individual can be achieved using this route.

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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

AIG India Equity Fund Regular

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

Posted: 26 Mar 2012 07:47 PM PDT

AIG India Equity Fund Regular has, largely beaten the benchmark Sensex since its inception. In 2009, when the markets were looking up, the fund switched to defensives. This shift helped it to record a better performance than the Sensex. In the last three-year period, the fund has given 33.8% as against the Sensex, which gave 28.2% for the same period. Also in the last one year, when the Sensex has given negative returns, the fund has delivered a positive return of 8.7%. The fund has been careful in following this strategy and has avoided picking up many predictable index stocks that are accorded a high value in most diversified equity funds. Though the fund has a few obvious heavyweights like L&T, HDFC Bank and Hero MotoCorp, it bases its selection till the heavyweight continues to have an edge over its peers in various business parameters.

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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