Prajna Capital

---

• Ulips are still good bet If you understand the product well
• File your tax return the E-filing
• Axis Mutual Fund SWP Facility

Ulips are still good bet If you understand the product well Posted: 26 Nov 2013 03:34 AM PST Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   OVER the years, life insurance has usually been synonymous with life protection for the family of the policyholder upon his death. However, these days, it offers a lot more. In order to meet demands for better returns on insurance, unit-linked insurance policies (Ulips) were designed as a dual-benefit product. This product is a unique way to invest in the equity market along with getting the benefit of a life cover at the same time. What makes Ulips even better is that it is one of the most transparent financial products at present available. Ulips have appeared more beneficial for the customer after having gone through a lot of regulatory changes in the recent past. Some of the reasons that it is still a good bet are as mentioned below. Better returns: Following the revised guidelines for Ulips, commissions and charges have been capped. These days, the policyholder has an opportunity to get higher/ better returns on their investment, as a larger amount will be going into the selected fund(s). Longer lock-in period: Keeping your money secure is an essential part of your Ulip investment. Following the revision of the guidelines for Ulips, the lock-in period has been increased from three years to five years, thus giving the corpus more time to grow. Also, since Ulips are essentially long-term tools, the increased lock-in period becomes attractive for those looking at long-term savings, thus ensuring more protection for a longer period. Lower surrender charges: In the past, Ulips had a 30-40 per cent surrender charge. However, with the introduction of the discontinuance fund, there is a reduction on the cap on discontinuance charges, which means the policyholder does not have to forgo large amount of money as surrender charges. No policy lapse: Previously, non-payment of a premium could result in a policy lapse. However, following the revised guidelines, it is not so. In case of discontinuance, that is, a situation that could arise from non-payment of premium, the fund value gets transferred into a separate fund known as the discontinued policy fund/ policy account value till the policy is revived or up to the end of the revival period, whichever is earlier. The policy remains in force with the risk cover as per the terms and conditions of the policy. This fund gives minimum guaranteed interest rate of 4 per cent on the discontinued fund (subject to change in line with interest rates provided by the savings accounts of certain banks, during the period the policy was in discontinuance).   Balance your portfolio: The biggest advantage of unitlinked products is that they are flexible tools, as they allow you to safeguard the investment against the vagaries of the market through the fund switch option. Few insurers offer unlimited free fund switching options, allowing you to alter the proportion of equity and debt investments, to help you achieve best returns in accordance to your age, risk appetite and financial goal. The biggest advantage of Ulips is that this type of plan comes with the twin benefits of life protection as well as a marketlinked growth for the investment. Since this product is a bouquet of multiple benefits such as risk cover, extra coverage in the form of riders, long-term investment, tax benefits; bundled in one along with a good spread of risk, it can be treated as a comprehensive financial tool. Changes in the Ulip guidelines with regards to reduced remuneration have resulted in attrition in its distribution. However, for an aware customer, it is still one of the best options available today in the financial market. 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

File your tax return the E-filing Posted: 26 Nov 2013 12:57 AM PST Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     The clock is ticking. It is that time of the year when scores of taxpayers are scrambling to file their Income Tax returns (ITR). Tax filing is the logical end to all savings and investments done by citizens through the year and is an important recurring activity year after year. Gone are the days when taxpayers would stand in long queues to file their ITRs or alternatively submit their Form 16 to a chartered accountant to get their tax-filings done. In the past 2-3 years, we have seen an emerging tribe of enterprising taxpayers who have taken the online route to file their ITR. This has paved the way for a number of tax filing portals and other financial intermediaries which offer online tax filing services to individuals. E-filing gets a fillip:   E-filing of tax return is a win-win proposition for the taxpayers as well the Income Tax Department. On the one hand, the taxpayer can file the ITR from the convenience of home or office. On the other, the online push has reduced the processing time of applications for the Income Tax Department, which has resulted in faster tax refunds, ease and convenience. In fact, the Central Board of Direct Taxes (CBDT) has made it mandatory for individuals earning in excess of Rs 5 lakh to file their ITR online, effective this financial year. Tax portals are highly user friendly: E-filing of ITR definitely comes with its own advantages. The tax portals are very user friendly and they decode most of the technical details. These portals have inbuilt mechanisms. Once you upload your Form 16, certain details get populated by itself. Some portals also offer verified tax return service, which cross checks the details already known/available at the IT department database on a real-time basis as the taxpayer keys in the financial details. Thus a taxpayer can file an error free return. Value-added services need of the hour: An investor essentially looks for a one stop shop for all his/her investment needs with convenience and simplicity in transactions. Hence it was a logical extension for many players to augment their products & services suite to accommodate tax-filing services with an aim to provide better, faster and simpler solutions to clients. Secondly every investment option has a tax connotation. So an avid investor or a trader's tax filing requirements can get complex. Hence what investors require today is a tax filing service bundled with value-added services, which will help them file tax returns not only in a jiffy but also in an aided manner. So it is advised to avoid the last minute rush and untangle the tax web by filing your tax return online. And also try to keep it simple and error free. COMMON TAX FILING MISTAKES Non-reporting of interest income: Banks deduct only 10% TDS on interest income. If you fall in 20% or 30% tax slab, ensure you report the interest income. Last minute tax saving investments: If your employer has cut excessive taxes due to non-declaration of such investments, you may be eligible for a tax refund, hence mention these investments in your tax return. Non-reporting of exempt income: Dividends and longterm capital gains on listed securities are exempt from tax. But brokerages/ companies declare this information to the tax department, hence report this income. Providing right contact details: Ensure you mention an accurate email ID and mobile number in your return since all the communication by the tax department is done via email or SMS. Not-reporting income from previous employer: If you change jobs during the year, both the employers will give tax benefit of basic exemptions and deductions. Hence less TDS will be deducted from salary, which increases your tax liability at the time of filing the return. Not submitting ITR-V: You have to send a signed copy of the one-page acknowledgment called the ITR-V within 120 days of e-filing. Otherwise, it merits to non-filing of income tax return 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

Axis Mutual Fund SWP Facility Posted: 25 Nov 2013 11:05 PM PST Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)       Axis Mutual Fund has introduced Systematic Withdrawal Plan (SWP) facility under Axis Dynamic Bond Fund, Axis Short Term Fund, Axis Income Fund, Axis Treasury Advantage Fund, Axis Banking Debt Fund, Axis Constant Maturity 10 Year Fund with effect from July 23, 2013. 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

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