Friday, September 20, 2013

Prajna Capital

Prajna Capital


Franklin India Smaller Companies Fund

Posted: 20 Sep 2013 01:52 AM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)
 

 

The fund defines mid and small companies as the ones which have a market capitalisation below that of the 100th stock in the S&P CNX 500 index. It aims to invest at least 75 per cent of the corpus in such companies and the rest in companies above the mentioned capitalisation or not forming part of CNX 500 index.
Since the companies it looks for carry an inherent risk, this is reflected in the fund's varying fortunes over the years.

 

Performance


Till 2011 the fund had not posted any significant performance barring 2009. But the last 18 months have witnessed a heightened activity and the fund has emerged as a strong competitor to the best performing funds in the category.


It was part of the top quartile last year and has managed to curtail its fall better than peers when we look at its year-to-date returns. It has also done better than the benchmark in the past two years. The fund's portfolio has a lot of stocks which have been around for more than 6 years, such as Gujarat State Petronet, Exide Industries and Pidilite Industries.


While its mid cap bets have mostly turned profitable, the same cannot be said of its small cap bets which have more losses against their name than profits and hurting performance.


The top gainers for the fund include IPCA Labs, Yes Bank, Mahindra & Mahindra Financial services, Pidilite Industries and IndusInd Bank while service sector bets like Mercator, Television Eighteen India and Trent have been drags on the fund's profits.

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

UTI FMP NFO

Posted: 19 Sep 2013 11:55 PM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)


 

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

When you lose tax exemptions

Posted: 19 Sep 2013 10:22 PM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 


You have claimed some exemptions on your income or investments, you could lose the For instance, if a taxpayer does not fulfil the allowing exemption/ deduction, then the exemption already allowed shall be withdrawn. In such cases, it is the taxpayer's duty to report the withdrawal of exemption in says Vineet Agarwal, exemption being reversed, it will not be accepted. Ignorance of law is not a justification for tax evasion." Some of the instances under which these exemptions could be withdrawn are:

 

Selling your house bought on loan within five years of buying it If you take a home loan to buy ahouse, you are entitled to exemption on the re- payment of the principal under Section 80C. You can claim exemption up to 1 lakh under this head. However, if you sell the house within five years of buying it, you will lose this exemption in the year you sell the house. For that year, the principal amount gets added to your income and you will be taxed according to your income slab.

However, the exemption for interest paid, under Section 24 (b), will not be withdrawn.

Surrendering a life insurance policy within two years Premiums paid towards life insurance policy are also exempt under Section 80C, up to a maximum of 1 lakh. If you purchase a life insurance policy and realise it does not meet your needs or the premium is more than what you expected, you may decide to discontinue the policy. However, if you surrender the policy within two years, you will lose the exemption on the premium paid.

Withdrawing provident fund amount before five years If the amount contributed to provident fund ( PF) is withdrawn before five years of continuous service ( subject to specified conditions), the exemption / deduction availed at the time of making the contribution shall be withdrawn in the year of PF withdrawal.

Many of us withdraw our PF money while changing jobs. But if it is within five years, then not only will the PF money be taxed upon withdrawal, but the tax exemption received in the previous year will also be withdrawn.

Selling of property, which is exempt from capital gains, within three years of purchase When you sell a property, you can claim exemption from capital gains under Section 54 of the I- T Act by investing in house property. For instance, if you had purchased a property for 40 lakh and sold it later on for 1 crore, you can claim exemption for the 60 lakh profit by investing in another house. However, if you sell the second house within three years, then the exemption claimed earlier will be withdrawn.

The entire amount will be added to your income (in this case 60 lakh) and you will be taxed accordingly.

Delay in construction of house for which loan is taken If you have taken a home loan to construct a house and the construction is not complete within three years from the end of the year of taking the loan, then the deduction for interest on the house will be restricted to 30,000.

Cash donation made for an amount above ~ 10,000 Any donation made in cash under Section 80G for a social cause or for any government recognised charity is allowed for exemption only up to 10,000. If the donation is more than 10,000, then deduction under Section 80G is not allowed.

For business purposes Businessmen or self- employed persons are allowed deduction for various kinds of expenditure incurred as part of their business. For instance, money paid to a vendor or contractor or salary paid to staff, and so on. In case the tax deducted at source (TDS) is not deducted before making the payment, then the taxpayer is required to pay tax on the entire expense incurred. This rule was introduced from 2005, says Gokhale.

For instance, if you incur an expense of 1 lakh as part of your business, then you are liable to deduct 2,000 as TDS, following which you can claim tax exemption on the 1 lakh. But if you forget to deduct the TDS, then the 1 lakh is added to your income and taxed according to your tax bracket.

However, if the taxpayer pays the TDS before the due date of filing the returns, then the exemption on the expense will be allowed.

"Though the responsibility of disclosing withdrawal of exemption in the tax return and paying taxes on the same rests with the taxpayer, in case he or she fails to report the same, then the tax authorities may seek information for the past six years under section 148 of the I- T Act," says Agarwal.

If you claim them on certain items of income or investments, adhere to the rules or be prepared to pay a penalty for tax evasion

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

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