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| New KYC Norms for Mutual Funds from December 2012 Posted: 29 Nov 2012 10:00 PM PST All Mutual Funds have implemented uniform KYC (Know Your Customer) norms in accordance with the SEBI Circular pertaining to the same. An existing investor who has not submitted the KYC norms shall have to submit the same along with the necessary documents at any of the SEBI registered intermediaries. In Person Verification will be necessary at the time of submission. The above formalities have to be mandatorily completed by November 30, 2012 before making any new investments.
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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
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: 29 Nov 2012 08:55 PM PST
UTI Mutual Fund has announced the entire distributable surplus as dividend under the dividend option of UTI fixed income fund interval fund -monthly interval plan II. 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
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| Posted: 29 Nov 2012 06:52 PM PST Choose an instrument that carries AA or higher rating THE interest rates on bank fixed deposits (FDs) are falling. While most top banks are offering an interest rate between 7 and 8.75 per cent for deposits below Rs 15 lakh with one-year maturity, company deposits of various housing finance companies (HFCs) and non-banking finance companies (NBFCs) on the other hand are offering more than 9 to 10 per cent. For maturity period of two to five years, the company FDs are offering yields of 10.23-13.36 per cent. Although the return may be high, company FDs are more risky and unsecured (not secured against a collateral), compared with bank FDs. In case a company goes kaput, you will not get your money back. Also, remember that fixed deposits of all banks (including foreign banks, regional rural banks and co-operative banks) are insured up to Rs 1 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC) against default of banks due to liquidation, cancellation of banking licence or merger. There is no such guarantee on company FDs. Here are a few factors you should consider before investing in a company FD: Check the financials of the company: Since, economic slowdown is affecting several companies, it is advisable to invest in reputed and strong firms. Check the credentials and financials of the company in which you are investing. A strong company that regularly pays out dividends and has no losses, would be safer than a company that offers very high interest rate but is posting regular losses. The key factors to look into would be profits, growth, capital adequacy, non-performing assets and a low debt to equity ratio.
Tax deducted at source (TDS): TDS will be deducted if the interest on a company FD exceeds Rs 5,000 in a financial year. Therefore, spread your investments in multiple FDs if your interest is going to be more than Rs 5,000 from one FD. Also, calculate the post-tax return before investing. A pursuit of higher returns from company FDs comes with risks that are not commensurate with the extra post-tax return you will get from it, compared with the slightly-lower posttax returns from bank FDs and debt schemes of mutual funds. So, be a bit wary. 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  |
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