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- Online transfer of PF accounts within Augst 2013
- How to Reduce investment risk?
- Tax free bonds are good for low risk investor
| Online transfer of PF accounts within Augst 2013 Posted: 25 Aug 2013 04:10 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
RETIREMENT fund body is all set to launch online transfer of provident fund (PF) accounts on changing jobs by the end of this month, benefiting over 13 lakh subscribers every year who go through a time-consuming process.
Employees' Provident Fund Organisation (EPFO) has got very encouraging results from the online testing of the service and will be able to launch the service during the last week of this month, a source privy to the development said.
According to the source, EPFO will conduct a live testing of service from Monday onwards whereby workers of some selected establishments would be allowed to file their transfer claims online.
EPFO had started registering digital signatures of employers from July 25, which is a prerequisite for providing the facility and got an overwhelming response from employers particularly from the tech-savvy firms.
As expected establishments which constitute 80 per cent of the transfer claims from sectors like IT, came forward to register their digital signatures. The body had managed about 6.9 lakh establishments in 2011-12. Once the service is launched, subscribers would be able to apply online for transfer claims through their employers. It has set up a central clearance house for the purpose. During 2012-13, 107.62 lakh claims were settled, of which, 88 per cent were processed within 30 days, as prescribed by the body'0charter. 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 )
------------------ Best Performing Mutual Funds
|
| How to Reduce investment risk? Posted: 25 Aug 2013 01:29 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
THERE is a lot of disruption that is being witnessed in the investment world and this is the time that an individual should look towards ensuring that they are doing the right thing.
The choice should be made in such a manner that the end result does not come as a major surprise or disrupt the overall planning of the individual. In this sense, there are a couple of factors that need to be understood in the context of the recent crises that have been witnessed in the capital and commodity markets, and how one can go about tackling the overall situation. Recent situation: There is a situation where investors have been burning their fingers in a lot of areas. The overall turmoil in the global markets has ensured that the position is such that various asset classes are under strain. On one side, gold is no longer the safe haven that it used to be earlier, and on the other, even debt instruments have taken a knock in recent times as the Reserve Bank of India's efforts to stem the rupee slide has led to a negative impact on the debt market. The developments regarding the position in one of the commodity exchanges and the consequent pressure witnessed by several stocks across the board has meant that worries have arisen for the investors in several additional areas. Fixed deposits: Even when it comes to fixed deposits, the situation needs a bit of attention because of the fact that individuals can find themselves in a soup if they do not take the necessary amount of care. This happens due to the fact that there are now several entities that are offering high rates of returns for these kinds of deposits to attract investors. However, as far as the individual is concerned, it is important that they look only at the safety element first because this is significant from the point of the view of ensuring that the investment is safe and that it continues to earn over a period of time. Different periods: One of the factors that have been seen with various fixed deposits especially by institutions and housing finance institutions is that there is a wider element of choice that is now available as far as the investment options are concerned. This is in the form of deposits for different time periods as earlier the most common offerings were for one, two and three years. Now, however, there are some changes being witnessed as some institutions are going in for periods that are different from these ones and they are better options for the individual. This happens because they will be able to invest for intermediate time periods where there might not have been choices earlier but now there are so the individual is able to match their requirements with the choices in front of them. Reducing risk: The whole point of making any investments at this point of time for the individual should be that they are reducing the risk in their investments. This can be done by the proper selection of entities where the investment is made, and also by checking for the condition of the entity that is actually issuing the debt. The point of returns has to be understood in such a manner that they are not the only things that matter because this has to be in the context of the risk that is present in the investment. The reduction of the risk will ensure that there is better confidence for the individual in the whole process.
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 )
------------------ Best Performing Mutual Funds
|
| Tax free bonds are good for low risk investor Posted: 24 Aug 2013 09:43 PM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
For the risk- averse investor, it is a good long- term instrument. But liquidity could be an issue
The season of tax- free bonds is here. With the government allowing state- owned companies to issue tax- free bonds in the first half of the financial year, these will soon be competing with fixed deposits and other debt instruments. Some of the public undertakings that will be raising funds are IIFC, IRFC, PFC, NHAI, Hudco, REC, NTPC, NHPC, Indian Renewable Energy Development Agency, Airports Authority of India and Cochin Shipyard. Together, these entities are looking to raise ₹ 48,000 crore. This should be good news for investors, since 70 per cent of these bonds are reserved for public issuance. Of this, 40 per cent will be reserved for retail investors. In addition, with both equities and the debt market going through a rough phase, it will give them a safe investment option. Raghvendra Nath, managing director of Ladderup Wealth Management, says as these are quasi- government bonds, they are safe to invest. And with G- Sec yields at an all- time high, if any company, comes out with a bond issue now, investors can look forward to high yields. Since the G- Sec is around nine per cent, the yield on tax- free bonds, if issued now, could be around 8.5 per cent. In comparison, banks are offering eight- nine per cent on fixed deposits (FDs) of one to five years. The five- year bank FDs offer tax exemption under Section 80C. However, the interest income earned on five- year FDs is taxed. In tax- free bonds, the interest income is tax- free but any capital gains on selling the bonds are taxed. Fixed maturity plans ( FMPs) of mutual funds, which give benefit of double inflation indexation, benefit are currently offering around 10- 3- 10.4 per cent, while a three- year FMP is offering around 9.8 per cent. What works in favour of such bonds, especially for the risk- averse investor, is that these will be issued for long term (10- 20 years), implying they will be earning a decent rate of return for a longer period. Investors should definitely consider these tax- free bonds, since they will offer competitive yields. However, a word of caution: Look at rating. In the current environment, investors should be very concerned with the rating, because a 10- year period is very long. There have been cases where over long periods, even the best rated instruments have been downgraded. These bonds are better suited for investors in the highertax bracket, 20 per cent or above, as the yields fetch around 10.5 per cent pre- tax. For those in the 10 per cent tax bracket, corporate fixed deposits with high credit ratings are better options since the return from the tax- free bonds would be around 8.5 per cent, while the corporate FD would give 10- 10.5 per cent though they are riskier. Liquidity is an issue because there isn't a strong secondary market and you may have to exit at a discount in case of an emergency.
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 )
------------------ Best Performing Mutual Funds
|
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