Prajna Capital

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• How Does NPS Work?
• Repo Rates and Reverse Repo Rates?
• Target based Financial Plan needs to be reviewed periodically

How Does NPS Work? Posted: 26 Sep 2013 04:19 AM PDT Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India) If you are between 18 and 60 yrs, you can get a Permanent Retirement Account Number from entities like SBI, UTI, ICICI Bank and Axis Bank   Minimum annual contribution Rs 6,000. Fees much lower than those charged for pension plans sold by insurance companies Choose fund manager from 8 players. More players can come in now with up to 26% foreign investment allowed. At least one fund manager to be from public sector You can choose from a mix of equity, debt and gilts. Now, the govt has agreed to a new scheme that will offer minimum assured return NPS gives you flexibility of changing fund manager, investment mix annually At 60, you can withdraw up to 60% of corpus but need to use at least 40% to buy annuities that will earn a monthly pension No tax will be levied if entire corpus is used to buy annuities 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 ) ICICI Prudential Tax Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest Online Edelweiss ELSS Invest Online ------------------ Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Birla Sun Life Front Line Equity Fund Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Small and MicroCap Funds Invest Online DSP BlackRock MicroCap Fund Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund Tax Saver MutualFunds Invest Online ICICI Prudential Tax Plan HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Repo Rates and Reverse Repo Rates? Posted: 26 Sep 2013 03:24 AM PDT Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     Repo rate, also called repurchase rate, is the rate of interest that banks pay when they borrow money from the Reserve Bank of India to meet their short-term fund requirements. This is called repurchase rate because when they borrow money from the RBI, they keep government securities with the central bank as collateral. When they pay the money back to RBI, they take the collateral back. Reverse repo rate is the rate of interest that banks get when they keep their surplus money with the RBI. Repo rate is always higher than the reverse repo rate. At present, the repo rate is 7.50% per annum and the reverse repo rate is 6.50%. By controlling these rates, the RBI controls the rate of interest in the economy. On Friday, the RBI unexpectedly raised repo rate by 25 basis points from 7.25% and that led to a lot of volatility in both the bond and the equity markets. 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 ) ICICI Prudential Tax Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest Online Edelweiss ELSS Invest Online ------------------ Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Birla Sun Life Front Line Equity Fund Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Small and MicroCap Funds Invest Online DSP BlackRock MicroCap Fund Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund Tax Saver MutualFunds Invest Online ICICI Prudential Tax Plan HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Target based Financial Plan needs to be reviewed periodically Posted: 26 Sep 2013 01:54 AM PDT Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India) Investors must revisit financial plans regularly when higher rates push up EMIs and volatility erodes investment Everybody talks about goal-based financial planning these days. It is taken for granted that a goal-based plan would automatically deliver future goals. However, experts point out that goalbased planning cannot be a 'do it and forget it' exercise — especially when the external environment is volatile like the current situation. Assumptions on expected returns on equities have gone wrong in the past five years. Debt mutual funds have given negative returns in the recent past. Interest rates on home loans have gone up, pushing up EMI. There are no meaningful hikes in income in an otherwise slowing economy When calculations go wrong, people tend to tweak their plan. For example, when higher EMI or pay cut put strain on cash flows, one may cut down on investments or postpone the increase in allocations committed earlier. A depressed equity market or debt market could also upset return calculations. Review is the key Goal-based financial planning works when you take the regular reviews of financial plan seriously. Most financial planners stress that goal-based financial planning is not a product but a process. And if you have taken the yearly review seriously, there is a low chance that you would go off track by a wide margin. However, there could still be some troubles ahead. If a financial planner has accounted for 18-20% returns on equity allocation, you may not be able to achieve your goals on time because of the poor performance of equities in the last few years. There is no quick fix here. You have to be patient and the corrective actions too will take some time to deliver. Slash discretionary spending If you are running on tight budget, you may have to prioritise your goals. List your goals and identify the more important ones. For example, if you are planning to upgrade your car this year and you also have to pay for your son's college fees after three years and you are running short of money, just scrap the car-upgrade plan. In short, you should take a hard look at discretionary spends if you have budget constraints. Most financial planners ask their clients to identify opportunities to cut on the discretionary spends such as eating out, movies, week-end visits to malls. In some cases, the high-cost loans are the culprits. If you can transfer your personal loans to asset-backed loans such as home against property or loans against gold, you save a good amount of money on interest. You can also consider switching a high-cost home loan to a low-cost one. Don't wait till the last moment Volatile situations such as the current one also need prudent decisions. If an important goal is due next year, it is better to invest all the money in conservative investment options such as liquid funds or fixed deposits. Just because you are running short of funds to achieve your financial goals due next year, do not bet available money on risky assets such as equities to make some quick buck. It may backfire if equities continue to fall further. Protection of wealth is a more important component of financial planning, he asserts. First Things First List your goals and prioritise them Allocate more weight to needs and less to wants In case of a short fall of funds, push your goals forward In case of a short fall of funds, push your goals forward Do not bet available money on risky assets to make a quick buck Stick to your asset allocation and keep rebalancing at regular intervals 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 ) ICICI Prudential Tax Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest Online Edelweiss ELSS Invest Online ------------------ Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Birla Sun Life Front Line Equity Fund Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Small and MicroCap Funds Invest Online DSP BlackRock MicroCap Fund Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund Tax Saver MutualFunds Invest Online ICICI Prudential Tax Plan HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

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