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| Posted: 23 Nov 2012 03:49 AM PST ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential fixed maturity plan series 65 367 days plan B. The new issue will be open for subscription from November 21. Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- 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 )
Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now  |
| Posted: 23 Nov 2012 02:31 AM PST JPMorgan India MF has announced a change in the exit load of JP Morgan India short term income from November 19. A load of 0.70 per cent will be charged if units are redeemed within nine months. Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- 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 )
Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now  |
| Why ELSS Mutual Fund scores over other tax-saving products? Posted: 23 Nov 2012 01:33 AM PST
The tax-saving season is upon us once again. A whole host of financial products are competing with one another to seek your attention. One such product that is vying for your attention – despite the rather poor performance of the stock market – is the equity-linked saving schemes (ELSS) from mutual funds. They are also known as tax-planning schemes. As the name suggests, these mutual funds schemes invest in stocks and they also qualify for tax deduction if you are ready to part with your money for three years.
Options under section 80C
However, thanks to the large number of products available under Section 80C, you need to weigh your options carefully before committing your money to a particular scheme. On the debt side, you have tax-saving instruments such as National Savings Certificate (NSC), Public Provident Fund (PPF), five-year bank fixed deposits.
All these products offer assured rates of return. However, these instruments have been offering negative real returns (or lower rates than inflation) for some time now and the situation may not change in the near term.
On the equity side, you have ELSS and unit-linked insurance plans (Ulips). Ulips come with a high lock-in period of five years and higher charges, and hence mutual funds serve as a better option to invest in equities that generate inflation-beating returns at least costs. Three-year lock-in is another positive. Other options like NSC come with a six-year lock-in whereas Ulip blocks your money for five years. And PPF is a rather long 15-year haul.
You may also have to look at equity investment if you are looking for real returns in an inflationary scenario. Consider these factors: Inflation is on an uptick, food inflation is still high at 11.05%, and crude prices are soaring. Even the government has admitted that it is difficult to control inflation. Due to the growth in emerging economies and reckless printing of currencies by most countries in the world, high inflation levels are expected to persist for some time. All these are strong reasons for investors to shop for real returns. In such a scenario, equities are a must. Investment in equities through ELSS schemes can be a good bet to beat inflation in the longer term.
A case for equities
In the short term, the stock markets in India have hit a roadblock. There are too many headwinds bothering investors. There are a series of scams right from the 2G, Commonwealth Games to others like the Adarsh Housing scam. Corporate governance is a constant worry for global investors. Inflation remained a cause of worry despite a tight monetary policy due to supply side issues. Then there are FIIs. As India kept the doors open for foreign flows throughout 2010, when other emerging markets closed their doors, it was a classic case of too much money chasing too few assets. No wonder Indian equities were overvalued compared to the growth prospects. India lost the 'preferred destination tag' for foreign institutional investors. Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs Download Mutual Fund Application Forms Best Performing Mutual Funds
Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now  |
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