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| HDFC Mutual Fund stricter rules for redemptions Posted: 01 Dec 2013 02:10 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
In order to protect unit holders from fraudulent encashment of redemptions/ dividends, HDFC MF has mandated the investors to submit any one of the following documents in case the pay-out bank details are different from pay-in bank details.
1. Cancelled original cheque leaf from of the pay-out bank account 2. Self attested copy of bank pass book or statement of account with current entries not older than 3 months
3. A letter from bank certifying that the applicant maintains an account with the bank with account information like account number, type, bank branch, branch MICR and IFSC code
The change will be effective from November 1, 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 )
------------------ Best Performing Mutual Funds
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| Posted: 01 Dec 2013 01:02 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
It is a quasi-one year old fund from SBI Funds Management. It was a merger of two old schemes of the mutual fund, SBI Magnum Income Plus Fund-Savings Plan and SBI Magnum NRI Investment Fund-Flexi Asset Plan, which took effect from October 5, 2012. The former was a pure debt scheme, while the latter was a hybrid equity-debt fund with a wide handle to deploy a major portion of corpus either in equity or debt at any time and interchange the equity-debt exposures at the opinion of the fund manager.
Since the merger a year ago, SBI EDGE Fund (SEF) has been a hybrid equity-debt-gold fund. In the 12 months from October 2012 to September 2013, SEF's equity exposure has ranged in a narrow range from 30.80 per cent to 33.70 per cent, the debt exposure has been in a 34.20-40.70 per cent range, while the gold ETF investment has been in a narrow 27.70-33.30 per cent range. The ob jective of SEF is to offer investors multi-asset di versification in a single scheme where three asset gold classes of equity, debt and are given more or less equal exposure.
ASSET ALLOCATION & BENCHMARK:
Asset al location percentage range are 20-45 for equi ties, 20-60 for debt and money market instruments and 20-45 for gold ETF.
Annual recurring expenses, as per available Capitaline NAV data, in SEF between February and July averaged 1.75 per cent.
Further, 71.40 per cent of SEF's debt exposure in September lay in government securities with much of the balance being in money market instruments. It is too early to judge SEF on performance as one year is too short a period to compare it with similar other hybrids.
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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| Posted: 30 Nov 2013 11:36 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Star Medi Classic
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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