Prajna Capital |
- Mutual Fund FMP Tax Structures
- BNP Paribas Mutual Fund
- Debt Mutual Funds Will See Capital Gains on RBI Rate Cut
| Mutual Fund FMP Tax Structures Posted: 22 Jan 2013 03:57 AM PST Fixed maturity plans (FMPs) don't levy any securities transaction tax (STT). However, capital gains tax will be liable on the earnings from any FMP of 366 days or more. As far as dividend distribution tax (DDT) is concerned, FMPs have to pay that to the tune of 11.9 per cent. The growth option of an FMP would be better for someone in the highest tax bracket, because gains that are over a year old will considered as capital gains and won't be added to your taxable income. Hence, your tax liability will be lesser if you go for the growth option. Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
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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: 22 Jan 2013 03:14 AM PST BNP Paribas Mutual Fund
Till 2004, this AMC used to be known as ABN Amro Mutual fund. In 2007, a consortium, including Fortis Investments, bought into ABN Amro resulting in the AMC changing its name to Fortis Mutual Fund. To complicate matters further for this AMC, global financial realignments lead to Fortis being bought by BNP Paribas in 2009. BNP Paribas was already present in India through a joint venture with Sundaram Asset Management. It had to either sell Fortis Mutual fund's India operations or merge the same into itself. BNP Paribas exited the joint venture with Sundaram and the Fortis AMC was renamed BNP Paribas.
The impact of such changes, including the fund management team, has been multi-pronged, with the inability of the management to steer the operations. Despite several changes, the AMC has a fair mix of funds in its stable, though the tilt is towards debt schemes. On the performance front it has been a mixed bag with some badly faring funds along with some good ones. With BNP Paribas now taking over the reins, it brings with itself a ray of hope, which should also lend stability to the fund offerings. 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 )
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| Debt Mutual Funds Will See Capital Gains on RBI Rate Cut Posted: 22 Jan 2013 02:43 AM PST Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 8300 (India)
A lower interest regime will allow investors of these schemes to gain from rising NAVs
If you want to invest in debt funds for twothree years, you can opt for long-term income and gilt funds to gain from capital appreciation when interest rates start falling and bond prices go up. And if you are looking to invest for an even longer duration, then you should gradually increase your allocation of funds in open-ended bond funds instead of getting locked in FMPs
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 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 ) 1.ICICI Prudential Tax PlanInvest Online 2.HDFC TaxSaver Invest Online 3.DSP BlackRock Tax Saver Fund Invest Online 4.Reliance Tax Saver (ELSS) Fund Invest Online 5.Birla Sun Life Tax Relief '96 Invest Online 6.IDFC Tax Advantage (ELSS) Fund Invest Online 7.SBI Magnum Tax Gain Scheme 1993 Invest Online 8.Sundaram Tax Saver Invest Online Best Performing Mutual Funds
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