Prajna Capital |
- Buy Gold coin from Post offices in India
- ICICI Prudential Fixed Maturity Plan Series
- RGESS Tax Saving Scheme now with Mutual Funds
| Buy Gold coin from Post offices in India Posted: 04 Feb 2013 03:26 AM PST Download Mutual Fund Application Forms
--------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs Download Mutual Fund Application Forms Best Performing Mutual Funds
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ICICI Prudential Fixed Maturity Plan Series Posted: 04 Feb 2013 12:00 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Launch ICICI Prudential Fixed Maturity Plan Series 66 420 Days Plan A with following features: Tenure : 420 days NFO Period : 5th February to 6th February, 2013 MICR cheques : 5th February, 2013 RTGS and transfer cheques : Till end of business day on 6th February, 2013 Switches : Switches from equity schemes will not be accepted. Till cut off time(specified for switch outs in the source scheme) 6th February, 2013 from non equity schemes Tentative Date of Allotment : 7th February, 2013(Ops to confirm) Date of Maturity : 2nd April, 2014 Option to be launched : Regular Cumulative and Dividend Payout- Default Sub Option - Cumulative Direct Cumulative and Dividend Payout Entry / Exit Load : Nil Minimum Application Amount : Rs.5000 and in multiples of Re.10 thereafter Liquidity : To be listed Benchmark : CRISIL Short Term Bond Fund Index 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 )
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RGESS Tax Saving Scheme now with Mutual Funds Posted: 03 Feb 2013 11:47 PM PST
Rajiv Gandhi Equity Savings Scheme(RGESS): Tax Saving Scheme now with Mutual Funds. The Rajiv Gandhi Equity Savings Scheme (RGESS)which is a Tax Saving Scheme comes now loaded with Mutual Fundsfor your investments. After considering the various views of the marketmen and general sentiment in the Mutual Fund Industry, the Finance Ministry is now proposing to add Mutual Funds as one of the products to avail the tax rebates under the amended rules for Salaried employees. Managing to do a delicate act of pleasing both the investors as well as marketmen. Mutual Fund Market Sentiments. This is in response to the general market sentiments of the Indian Mutual Fund Industry. The Industry was losing direction and focus. The growth had already tappered off and the clearly it was headed for years of down trending. The AAUM were falling, so were the number of new registration of Folio Numbers. The Regulator re-defined couple of rules which made many Asset management Companies reconsider their business models. The regulator set up firewalls between Industry bodies and Self Regulatory Organisations. It also questioned the logic of various fees structures which were being charged to investors. Finally, a change of guard at the Finance Ministry made few changes evident, one of them being the push for adding ELSS scheme to the RGESS albeit in reincarnated form. AUM OF TOP 5 CITIES Reincarnation of Equity Linked Savings Scheme ELSS The popular ELSS survives the government wrath to be reborn in a new avatar as RGESS. ELSS which was eligible for Tax rebates under the Section 80 C was proposed to be removed. The new Direct Tax Code which was intended to be rolled out, excluded the rebates provided for the ELSS. Thus effectively putting an end to a succesful product which was gaining popularity among the retail investors. It takes huge and consistent efforts to educate the investors of benefits of any products. It is certainly a product which was gaining lot of momentum and acceptance since its launch more than 5 years ago. ELSS SALES (RGESS)Rajiv Gandhi Equity Savings Scheme The proposed Rajiv Gandhi Equity Savings Scheme scheme would allow income tax deduction of 50 per cent to new retail investors, who invest up to Rs 50,000 directly in equities, and whose annual income is below Rs 10 lakh. To make the scheme more attractive for retail investors, the Finance Ministry is considering reduction in the lock-in period under the scheme to one year from the proposed three years. Now this will make this a truly retail market product for tax saving instrument. Though as an investor benefits of Mutual Fund investments are better realised over a period of at least 3-4 years. If this product gets launched in the market in the proposed form, it would be the only tax saving instrument with least number of years in terms of the lock-in period. However, this is something no one in currently seems to be worried about. For first time retail investors investing directly in the equity markets, this would be an option which is definitely worth considering. 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 )
|
| You are subscribed to email updates from Prajna Capital - An Investment Guide To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment