Wednesday, February 26, 2014

Prajna Capital

Prajna Capital


What are Bond Yield Curve Strategies?

Posted: 26 Feb 2014 04:07 AM PST

Download Tax Saving Mutual Fund Application Forms

Invest In Tax Saving Mutual Funds Online

Buy Gold Mutual Funds

Leave a missed Call on

94 8300 8300

 

Yield curve strategies

Fund managers can earn above average returns by taking advantage of forecasted movements of the yield curve based on distribution of maturities. When yield curve changes its level as well as shape, it can have a huge impact on the portfolio returns. Some of these strategies are:

  1. Bullet strategies: Here, the portfolio consists of bonds with a single maturity. The fund manager may advise the investor to buy a high yield bond with single maturity if high yield is the investor's prime motive. Though the reward is higher here, interest rate volatility may be a risk here. If the interest rate of the bond falls, it will result in a capital loss to the investor. Hence, interest rate movement must be the top consideration here before taking advantage of a portfolio concentrated at one point in the yield curve.
  2. Barbell strategies:The portfolio is structured so as to consist of bonds which have very short or very long maturities. Thus here, the portfolio is concentrated on two far off points on the yield curve so as to take advantage of the very short term yields and very long term yields.
  3. Ladder strategies: In this strategy, the portfolio consists of bonds which have staggered maturities. In other words, spacing of maturities is done. This strategy is very appropriate when future movements of interest rates cannot be forecasted as maturity spacing ensures that the portfolio has bonds which are maturing in any market conditions. This is a popular strategy when there are great fluctuations in the interest rate. It helps the portfolios to take advantage of rising rates and subdues the effect of lower rates. Different maturity bonds are evenly distributed in the portfolio. The cash flows coming in from a currently maturing bond is typically invested in bonds with longer maturities. This strategy has an added advantage of minimizing the reinvestment risk.

 

 

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

 

 

Leave a missed Call on 94 8300 8300

 

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 Mutual Funds Online

Invest Any Mutual Fund Online

 

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

 

Best Performing Mutual Funds

    1. Largecap Funds             Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds         Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. 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
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds   Invest Online

      1. DSP BlackRock MicroCap Fund

2.       Franklin India Smaller Companies

E. Sector Funds          Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds      Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds        Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds         Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

How to Withdraw My EPF If you are still Working?

Posted: 26 Feb 2014 01:51 AM PST

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)
 

 

You can withdraw your EPF for your marriage, your children’s marriage, or your sibling’s marriage or even your education or your children’s education up to an amount of 50% of your contribution after completing a minimum of 7 years of service. This is permitted thrice during your working tenure. You may have to submit your wedding invitation or your siblings or children’s wedding invitation.You have to submit the proof of education in case you withdraw the amount for your education.

You can withdraw up to six times your monthly salary or the total corpus amount whichever is lesser for your emergency medical treatment as well as that of your spouse, children or dependent parents. You have no restrictions regarding the years of service. You need to show proof of hospitalisation along with your leave certificate for that period from your employer exceeding a period of a month. This could be for major medical conditions such as stroke, cancer, heart attack and so on. There is no limit on the number of times you can avail of this service.

You can construct or purchase a house or flat using funds from your employee provident fund up to 36 times your monthly salary after completing five years of service. Your house should be in your name or the name of your spouse or jointly owned. You can avail of this service once during your working tenure. You can purchase a plot up to 24 times your monthly salary using funds from your employee provident fund once during your working tenure. Your plot should be in your name or the name of your spouse or jointly owned. Your plot should not have any legal issues and should be registered under the Indian Registration Act. You can avail of this service once during your working tenure.

You are eligible to withdraw funds from your employee provident fund up to 36 times your monthly wages provided you have completed 10 years of service for taking a home loan.. Your house should be in your name or the name of your spouse or jointly owned. You can avail of this service once during your working tenure. You are eligible to withdraw funds from your employee provident fund up to 12 times your monthly salary for renovation and construction work once during your working tenure. Your house should be in your name or the name of your spouse or jointly owned.

 

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

National Pension Scheme (NPS) - Tax Saving 2014

Posted: 26 Feb 2014 12:59 AM PST

Download Tax Saving Mutual Fund Application Forms

Invest In Tax Saving Mutual Funds Online

Buy Gold Mutual Funds

Leave a missed Call on

94 8300 8300

 

NPS for Tax Saving 

National Pension Scheme (NPS)

 

NPS, though not very new but is relatively a newer concept for tax payers. Under this scheme, one would get a unique permanent retirement account number or PRAN. After that you would not be required to change the same or obtain the new one even if you change your residence. Any Indian citizen between 18 and 60 years of age who is KYC compliant is eligible to opt of NPS. However, individuals who are not granted an "order of discharge" by a court and those with unsound mind cannot apply for NPS.

 

NPS is a defined contribution based retirement investment product. It offers two types of accounts to subscribers - Tier I and Tier II. While Tier I account is mandatory for opening of an NPS account, opening of Tier II account is optional and to be decided by the subscriber basing on his requirements. Under Tier I account, which is a non- with drawable account, one needs to contribute for retirement. This is a retirement account and can be claimed for tax benefits against the contributions made subject to the Income Tax rules in force. In case, if one opens Tier- II account ( a voluntary savings facility), one is free to withdraw from this account as per wishes. Remember, this is not a retirement account and thus contributions made cannot be claimed for tax benefits.

One can open an NPS account with authorized branches of service providers called Points of Presence, appointed by Pension Fund Regulatory & Development Authority (PFRDA). Tax payers have the option to shift from one branch to another branch at ones convenience.

 

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

 

 

Leave a missed Call on 94 8300 8300

 

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 Mutual Funds Online

Invest Any Mutual Fund Online

 

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

 

Best Performing Mutual Funds

    1. Largecap Funds             Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds         Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. 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
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds   Invest Online

      1. DSP BlackRock MicroCap Fund

2.       Franklin India Smaller Companies

E. Sector Funds          Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds      Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds        Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds         Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

No comments:

Post a Comment