Friday, May 31, 2013

Daily Headlines: Friday, May 31, 2013

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Insurance Journal Daily Headlines
May 31, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Is European Hurricane Model Better Than U.S. Model?

When forecasters from the National Weather Service track a hurricane, they use models from several different supercomputers located around ...

Central U.S. Warned of Severe Storms With Tornadoes, Floods Today

Severe thunderstorms, baseball-sized hail, flooding and possibly tornadoes may sweep across parts of Oklahoma, Missouri and Arkansas today, ...

Best Revises Outlook on Travelers and Most Subs to Positive; Affirms Ratings

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of 'A+' (Superior) and ...

Best Affirms State Farm Companies, Affiliates and Subs Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A++' (Superior) and issuer credit ratings (ICR) of "aa+" of State Farm ...

HCC Insurance Holdings Launches Construction Property Risks Division

HCC Insurance Holdings, Inc. has expanded into builder's risk insurance with the launch of its new Construction Property Risks Division. ...

China Group Missing Deposit Date Could Ground AIG's Plane-Lease Sale

A Chinese group's purchase of ILFC, one of the world's largest airplane leasing businesses, could collapse after insurer American ...

Federal Safety Officials Look to Accelerate Self-Driving Cars, Vehicle Technologies

Self-driving cars being developed by Google Inc. and some automakers are getting a lift from U.S. auto-safety regulators eager to ...

AIG Ends a Bailout-Related Lawsuit Against N.Y. Federal Reserve

American International Group Inc. has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer ...

From MyNewMarkets.com Travelers Launches OnDemand Risk Control Service for Commercial Clients

The Travelers Insurance Cos. has launched an interactive, on demand service for property and casualty insureds looking to manage and...
Carrier Management

Software Solution Development Tools--Sounds Good, But...

Over the past decade, tooling has become an attractive option for both insurers and software vendors as a way to create...
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East

Paterno Family Sues NCAA Over Penn State's Sandusky Fine

Joe Paterno's family has sued the National Collegiate Athletic Association over penalties levied against Pennsylvania State University and ...

Conn. Senate Approves Driver's Licenses for Undocumented Immigrants

Connecticut's state Senate approved legislation early Thursday that would allow immigrants to obtain driver's licenses regardless of their ...

Cross Insurance Hires Construction Risk Specialist in New Hampshire

Cross Insurance, an insurance brokerage and subsidiary of Bangor, Maine-based Cross Financial Corp., announced the hiring of Mike Guarino ...

Group Applauds N.Y. Senate Passage of Certificates of Insurance Bill

The Professional Insurance Agents of New York State Inc. applauded the New York State Senate for passing a bill, S.3084-A/A.3107-B, on ...

N.Y.-Based Navigators Management Taps AIG Exec as New Chief Claims Officer

Rye Brook, N.Y.-based specialty insurer The Navigators Group appointed Glen Bronstein as chief claims officer of Navigators Management ...
Midwest

Michigan Broker Gets 5 Years in $1M Fraud Case

A northern Michigan insurance broker accused of fleecing elderly clients out of more than $1 million has been sentenced to 5 years in ...

Workers' Comp Panel Approves $1 Billion Rebate to Ohio Employers

Directors of Ohio's insurance fund for injured workers have unanimously approved Gov. John Kasich's (KAY'-sihks) proposal to send $1 ...

Iowa Governor Issues Another Disaster Proclamation

Gov. Terry Branstad has issued a disaster proclamation for another eight counties hit by recent storms and flooding. Branstad made the ...

A.M. Best Revises Ohio's Buckeye Outlook to Negative

A.M. Best Co. has revised the outlook to negative from stable of Piqua, Ohio-based Buckeye State Mutual Insurance Co. and its insurance ...
Southeast

Florida Gov. Scott Hits Citizens for Secrecy; Signs Clearinghouse, Cap Bill

Florida Gov. Rick Scott is sounding off anew against the state's largest property insurer. Scott on Wednesday signed a bill that includes ...

Mississippi Homeowners Renew Lawsuit Against Exxon Over Alligators

Tom Christmas and his wife argue that they didn't discover the 84-plus alligators on land next to their homestead until four years after ...

Florida Fines Universal P/C $1.3M for Claims Delays, Notice Failures

Florida's second largest property insurer is being hit with a fine of nearly $1.3 million. Florida Insurance Commissioner Kevin McCarty ...

Mississippi Court Throws Out $700K Judgment Over Police Chase

The state Court of Appeals has thrown out a $700,000 judgment against the city of Jackson involving an accident during a police chase in ...
South Central

More Severe Weather and Tornadoes Forecast For Oklahoma, Ozarks

More dangerous weather, spawning baseball-sized hail and tornadoes, was predicted for Oklahoma and parts of the Ozarks on Friday after more ...

Man Dies in Texas Construction Accident

Police say a construction worker at a site in College Station, Texas has died after being pinned to the ground by two 1,500-pound, ...

Tornadoes Rip Through Oklahoma, Arkansas

Severe storms spawned a dozen reported tornadoes in Oklahoma and Arkansas on Thursday, injuring at least five people and sending residents ...
West

EQECAT: Likely No Damage From Two California Quakes

According to EQECAT's CatWatch on two moderate sized earthquakes in California this week there should be little to no damage is expected. ...

Ex-Chivas USA Employees File Discrimination Suit in California

Two former Chivas USA youth coaches have filed a discrimination lawsuit against the Major League Soccer team, claiming they were fired ...

Baucus in Montana Eyes Summer Deal On Farm Bill

Montana farmers told U.S. Sen. Max Baucus that planned cuts to the farm bill could make the crop insurance safety net too expensive. Baucus ...

Digital Insurance Acquires Fallick in Northern California

Employee benefits agency Digital Insurance has acquired  Fallick Insurance Services of Mountain View, Calif. Fallick joins the Los ...

Fakhimi To Lead MassMutual's Sacramento Office

MassMutual San Francisco's General Agent Robert B. Fakhimi will expand his responsibilities with Massachusetts Mutual Life Insurance Co. ...
International

Hurricane Barbara Wind, Rain, Flood Damages in Mexico: AIR Analysis

Catastrophe modeling firm AIR Worldwide has released a preliminary analysis of the damages caused by Hurricane Barbara, when it came ashore ...

Trade Ministers Running Out of Time to Save Global WTO Talks

WTO member countries have until the end of July to revive moribund global free trade talks in time for a meeting scheduled for December in ...

Xchanging Expands in SE Asia with New Office in Malaysia

Xchanging, the UK-based technology services provider, announced the expansion of its presence in Southeast Asia, with a "significant growth ...

Triggs Joins Aon Benfield Securities in Expansion Move

Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, announced the ...

Ratings Roundup: Product Care, Taiping (Singapore)

A.M. Best Asia-Pacific Limited has assigned a financial strength rating of 'B++' (Good) and an issuer credit rating of "bbb" to Product ...
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Sponsored Content

Former U.S. Federal Reserve Insurance Counsel Frank Alerte Joins Colodny, Fass, Talenfeld, Karlinsky, Abate & Webb

Ft. Lauderdale, FL, 5/31/13 - Frank Alerte, a former executive insurance counsel at the U.S. Federal Reserve, Guy Carpenter and BB&T, has ...
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The Good and the Bad: Healthcare Reform and Medical Liability

The Patient's Protection and Affordable Care Act (ACA) has very little to do with the medical...
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Changes in Underwriting Medical Professional Liability

The United States is undergoing a massive transition -- and that's healthcare reform, says...

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New Discussions in the Forums

24 Hour CA Restaurant
Posted: Fri May 31 -- Depending on the loss history I may have a couple PEO markets that will take a look at this risk. Please give me a call if PEO is an option... Chad Filley
1st Year as a Producer Stories
Posted: Wed May 29 -- Rainmaker, thank you for the advice. I am 9 months in so far and excited to hit year 2 soon. For me, the hardest part of being a new... californiadude
Insurance agencies for sale ?
Posted: Mon May 27 -- Yikes - call Marsh Berry or Dowling Hales. Rainmaker
Non compete lawsuit
Posted: Mon May 27 -- I've moved three books as a producer from a small agency, to a regional, to a global. I've also run practice groups and was a Regional CEO... Rainmaker
CPCU - Advice
Posted: Mon May 27 -- Perfect...bears repeating: "In the interest of full disclosure, I work for the Institutes (American Institute for... Rainmaker
What marketing efforts are generating business?
Posted: Mon May 27 -- If you line up a hundred people and ask this question - you will most certainly obtain a hundred different answers! It's a great question... Rainmaker
non compete clause
Posted: Mon May 27 -- All very good advice. I would simply add that the strength of non-competes will vary by state and the circuit court governing those states.... Rainmaker
Workers Comp TX Oilfield Service Contractor
Posted: Fri May 24 -- Guys, can anyone help. Need a market for a new customer (have all other lines) for WC. This company is a startup and the President has years... JohnnyLaw

Reader Comments

Judge Allows Mississippi Liability Suit Over Underage Drinker to Proceed
Posted: Tue May 28 -- There's no possibility he had a fake ID? Can they prove whether he was served at the bar or became intoxicated at the Condo? Did anyone... Whodathunkit?
Mississippi Man Run Over by Lawnmower Sues Manufacturer
Posted: Wed May 29 -- something is missing here...if he bought it two months before the accident switch must have been altered. I'm betting any manufacturer of... UW
Mixed Reaction in Georgia to Push to Lower DUI Limit
Posted: Thu May 30 -- ""We are not prohibitionist. We are not interested in eliminating drinking," Martin said." Like heck they aren't. If I recall, even... ExciteBiker
Wage and Hour Claims Among Top Threats to U.S. Employers
Posted: Fri May 24 -- Really??? You accept a job that you are advised is 40 to 45 hours per week however after you accept it you are told you must work an... Questionning
Employer Contraception Mandate Headed to Court for Ban Ruling
Posted: Tue May 28 -- Libby: Why don't you just answer the question? Affordable, LOL. Read this from the New York Times. This will impact a whole lot of Democrats... Sargeant Major

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NPS - Should you invest?

Posted: 31 May 2013 02:13 AM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

 

The Pension Fund Regulatory and Development Authority (PFRDA) declared the annual weighted average returns (see graphics) for the National Pension System (NPS) investment funds on May 15. Although, the returns look impressive but when you are looking at a long-term product, you can't set much store with just one indicator of annual return. You need to understand the product fully and your commitment towards it.

A look at the returns

Since most pension fund managers track Nifty, we looked at the returns of the Nifty index for FY13. Nifty returned 6.05% in FY13. "Nifty return doesn't take into account the dividend yield which index funds factor in their return calculation. Dividend yields can make a difference of about 1.5-2 percentage points. So if the returns are more than Nifty by that margin, it means the funds have returned close to the Nifty returns," said Manoj Nagpal, CEO, Outlook Asia Capital, a wealth management firm.

For an investor, the maximum exposure to equity is capped at 50% but for the other two schemes - government and corporate debt - you can invest up to 100% of your money. However, there isn't a benchmark that can be strictly comparable. Mukesh Jindal, partner, Alpha Capital, a financial planning firm based in Gurgaon attempts a comparison. "If you look at the Crisil 10-year Gilt Index, for FY13 it has returned 11.25%. Even other mutual funds that invest purely in government securities have returned in the range of 12.54-14.89%. Looking at these numbers, the NPS government scheme has outperformed most of the other comparable schemes," he said.

Even the corporate debt scheme looks like an outperformer. "If you compare the corporate debt scheme to Crisil Composite Bond Fund Index, NPS scheme has outperformed by a huge margin. Crisil Bond Index Fund returned 9.24% compared with 14.19% of the NPS scheme. Other comparable mutual funds have returned in the range of 11.12-12.62%," said Jindal.

Understand the product

The one-year return definitely looks impressive but it's not enough to take a decision. NPS is still in its infancy stage and need to be understood well. An investor needs to look at diversification, risk appetite, liquidity and tax issues.

Lock-in: Since it is aimed at targeted savings, it locks in your investments till 60 years of age. If you wish to withdraw it before you turn 60, you will have to annuitise at least 80% of your money. Annuity is a pension product that gives you a periodic income for life. At 60 you can withdraw 60% of the money as lump sum. The remaining 40% needs to be annuitised.

Returns are market linked: Even as the returns are impressive these are not the final returns. That's because this is a market-linked product and the returns are not guaranteed. But if you take Public Provident Fund or Employees' Provident Fund, if you are a salaried individual, the return on your investment is guaranteed once declared. NPS is taxable: The amount you contribute qualifies for a tax deduction of R1 lakh subject to a maximum of R1 lakh under the overall section of 80C of the Income-tax Act. On maturity, the 60% of the corpus that you can have as lump sum is taxable.

What should you do?

NPS is not meant for equity investors since the scheme caps equity investment at 50%. But even for an investor who is looking to balance her portfolio with a limited exposure to equity, there have been certain changes in NPS that needs a mention. Unlike the original idea of investing in equities through index funds, PFRDA has allowed pension fund managers to invest directly in stocks, although with guidelines to ensure investments in large and liquid stocks and caps to mitigate concentration risks. This has made investments in equities riskier as it has introduced the risk of the fund manager's choice.

But if you want to invest in debt schemes, then you should first maximise your EPF and PPF. The scheme offers no liquidity and makes it mandatory to annuitise a part of the corpus on maturity. Investors looking to save for retirement should first invest in guaranteed products such as EPF and PPF before looking at NPS

Have a proper asset allocation and maximise your debt savings first with PPF and EPF before you look at NPS.

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 Plan Invest 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
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

ETFs Can Get Returns On Par With Market

Posted: 31 May 2013 12:52 AM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

Low expenses ensure that such passive funds don't disappoint investors


John C Bogle, the US born legendary mutual fund veteran always insisted on bringing down the costs of fund management for the simple reason that any savings on costs by the mutual fund scheme that you have put your money in would add to the corpus. And in the long run, this could make a substantial difference to the total corpus you accumulate compared to what you would have got if the costs were higher.


The result of such a logic was the launch of exchange traded index funds, popularly known as exchange traded funds (ETFs), although late ly other types of ETFs have also been launched in the market with varied degrees of success.


ETFs are usually passively managed funds, meaning these funds track some bench mark index or the price of some physical or financial as sets and, unlike regular mutual funds, do not try to out perform their benchmark index by regularly buying-selling the portfolio of stocks.


So, ETFs naturally come with much lower costs compared to actively managed ones. In India, the average costs for ETFs could be in the range of 0.50-100 basis points (100 basis points = 1 percentage point) per annum. Compared to this, actively managed equity funds can charge up to 2.80% per annum. As a result, over the years, not only the savings on costs would get compounded, even the performance would get compounded and adds to your portfolio.


Supporters of the active fund management style often say that good fund managers can beat the market and give you higher returns, but the fact of the matter is at times even the best of the fund managers also underperform the market. One of the best things about ETFs is that if you are invested in an ETF, you would get a return that is on par with the market.
The chance of you being disappointed with your re turns in comparison with the market returns is very low according to an official at a domestic fund house.


Gold ETFs outshine others


Some of the basic attributes to look for while selecting an ETF are liquidity (how quickly you can sell your ETF without adversely affecting its market price), expense ratio (lower the expense ratio, better managed it is) and tracking error (the variance of its NAV from its underlying benchmark).


In India, of about Rs 13,000 crore worth of investors' money that is invested in ETFs of various types, about Rs 11,000 crore is invested in gold ETFs. The balance is in various other types of ETFs, like the ones which have an underlying market index, some sectoral indices, or some foreign indices.


Of the total 20-25 ETFs available in India, a majority are gold ETFs, catering to the huge popularity of gold as an investment for a large number of Indians. Globally, however, the scenario is quite different. In the US for example, the inflows into ETFs of all types together, of late, are surpassing the inflows into mutual funds. The main reason for the muted response to ETFs in India is that distributors get no commission for selling these products. In comparison, these distributors earn about 70-80 basis points per annum as trail commission for selling equity and hybrid mutual funds.


In the case of ETFs, brokers can get brokerage co mission when they are bought or sold on the exchanges. But in India, brokers mainly thrive on frequent buying and selling by their clients while the same does not (and should not) happen in the case of ETFs, veterans of the ETF space say. Since they (distributors) don't get commission, they don't sell passive funds.


So, a new model is being tried in the market. Under this, you as an investor would be required to pay the seller/distributor of the ETF while the seller/distributor will not take anything from the fund house whose scheme is being sold. In this way, the seller/distributor will be answerable and responsible to the investor fully rather than running after higher commission from the fund house and often trying to sell mutual fund schemes to an investor which may not be the best fit for his/her financial needs and risk profile.

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 Plan Invest 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
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Why you must have life insurance

Posted: 30 May 2013 10:00 PM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

In the case of situations where the prime purpose is that of saving and the risk appetite is low, endowment plans and money back plans are the best possible options

THE concept of life insurance is not a new one. However, the purposes it fulfills go a lot beyond providing financial security upon the death of the breadwinner of the family. In addition to securing a person's future, life insurance also offers various other benefits too. These days, life insurance plans have evolved into an investment tool along with the benefit of protection and savings, catering to various risk appetites. These benefits can be availed of through the various types of life insurance covers that are available today.

Reasons for which you should have life insurance: Protection: The most basic kind of life insurance plan that one could opt for is a protection plan, also known as a term plan. The main purpose of this type of a plan is purely that of provid ing life cover. In a term plan, the insured does not get any benefit if he/she survives the policy term, but is beneficial to secure the family's financial future in case of premature death.


This type of life cover is also usually the cheapest kind of life insurance.


Investment: The next available option in life insurance is an investment plan. For people who are open to taking risks, unit inked insurance policies (Ulips) are a good choice to go with. These are market linked plans that give customers the opportunity to participate in capital markets. Ulips are a flexible option, and allow the customer to choose the type of fund that they would like to invest in as per their risk appetite. Ulips also come with a death benefit and maturity value, thereby, helping you build a corpus and providing security in case of a premature death.


Savings: In case of situations where the prime purpose is that of saving and the risk appetite is low, endowment plans and money back plans are the best possible options. These plans help you to sys tematically save for financial goals such as your children's education, their marriage, a long desired holiday to name a few. These plans are relatively safer comparison with Ulips as they invest in secured assets. At the same time, they also offer some guaranteed benefits, further securing the corpus.


Retirement: Also known as pension plans, this type of life insurance policy allows you to build a substantial corpus over the years. Such a plan will enable you to live the same lifestyle, upon retirement, that a regular income would. In order to build the corpus in retirement plans, an individual can invest regular amounts during their working years, during their working years, and contribute towards the retirement plan.

In this type of a plan, upon the vesting date, out of the corpus, one needs to buy an immediate annuity plan which starts pension immediately, as per selected options.

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 Plan Invest 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
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund