Prajna Capital

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• Consolidated Account Statement for Mutual Funds - CAMS, Karvy, FTAMIL
• FMPs Double Indexation Benefit
• Credit Counselling

Consolidated Account Statement for Mutual Funds - CAMS, Karvy, FTAMIL Posted: 27 Mar 2014 05:07 AM PDT 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   SEBI has mandated all Mutual Funds to issue Monthly Consolidated Account Statement (CAS) based on PAN of unit holders detailing all the financial transactions during the month and unit holding at the end of the month across all schemes of all mutual funds. For the purpose of issuance of CAS, the folios that have a) financial transactions in a month and, b) identical unit holders, identified based on valid PAN are considered and consolidated. Further, mutual funds are also required to send a CAS every half year (September/March) detailing unit holding at the end of six months, across all schemes of all mutual funds, to all such investors in whose folios no transaction has taken place during those six months.   For your benefit and to promote green initiatives, it is proposed to start sending CAS via email to investors (eCAS). eCAS, consisting of transactions/unit holdings across all folios maintained with different mutual funds, will be sent via email to one single email id of the investor and hence it is imperative that you maintain a single email id across all your folios maintained with different mutual funds.   If you have registered different email ids in different folios, it is possible that every month eCAS may be emailed to a different email id, depending upon the folio in which you transact during the month or the email id available in your KYC records maintained with CDSL Ventures Ltd. (CVL). eCAS will be sent to the valid email id registered in your KYC records. If the same is not available, eCAS will be sent to the email id registered in the last transacted folio where you have transacted during the month.   Investors can now request for a single Consolidated Account Statement across their entire holdings in CAMS, Karvy and FTAMIL serviced Mutual Funds. If you have registered an email address in your folios across Funds serviced by CAMS, Karvy and FTAMIL, you can use this to obtain a consolidated PDF Account Statement at your registered email address. 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 Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Franklin India Bluechip ICICI Prudential Top 100 Fund B. Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Birla Sun Life Front Line Equity Fund Franklin India Prima C. Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Birla Sun Life Dividend Yield Plus SBI Emerging Businesses Fund HDFC Mid-Cap Opportunities Fund ICICI Prudential Discovery Fund D. Small and MicroCap Funds Invest Online DSP BlackRock MicroCap Fund 2.Franklin India Smaller Companies E. Sector FundsInvest Online Reliance Banking Fund Reliance Banking Fund ICICI Prudential Banking and Financial Services Fund F. Tax Saver Mutual FundsInvest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund G. Gold Mutual FundsInvest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Birla Sun Life Gold H. International fundsInvest 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 Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

FMPs Double Indexation Benefit Posted: 27 Mar 2014 03:02 AM PDT 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     As the financial year comes to an end, distributors are nudging investors to park their money in fixed maturity plans (FMPs) with tenures of 370-380 days. Distributors say investors can make anywhere between 9.0-9.5% on these as investments made in March will fetch them the benefit of double indexation at the time of redemption, which will make their tax liability zero or negligible . Moreover, the current rates are extremely attractive, they add. “Liquidity is tight in the last month of the financial year. It makes sense to lock money at the current rates and earn high returns. Investors will also get the benefit of double indexation, which will make returns virtually tax-free,” says Deepali Sen, a Mumbai-based certified financial planner. Currently, FMPs from Birla Sunlife (372 days), DWS Mutual Fund (373 days), HDFC Mutual Fund (378 days), ICICI Prudential (376 days), among others, are available for subscription. Double Indexation Benefit Double indexation helps in reducing tax liability significantly by stretching your investments over three financial years. For example, when you invest in a 375-day FMP before March 31, your investment is spread across three financial years. Assume you invest . 1 lakh in a 375-day FMP in March 2014. Chances are you could earn 9.2-9.5% for 365 days (1 year). This means you will earn . 9,500 as capital gains on your investment of . 1 lakh and your total investment value will be . 1,09,500 in April 2015. Now, if you claim double indexation benefit, the value of your . 1 lakh investment would be . 1,14,483. This is how it works. The government releases cost inflation index (CII) every year to adjust the cost of purchase of an asset to reflect inflation. The CII for the year 2013-14 is . 939. Assuming a conservative 7% inflation for the next two years, CII will be . 1,005 for 2014-15 and . 1,075 for 2015-16. When the FMP is redeemed in April 2015, you can also take into account the CII of 2015-2016. This is because even though you have held your investment only for 375 days, you get the benefit of CII number for three years. So, the final value of your investment is . 1,14,483 (. 1 lakh multiplied by CII at the time of sale (. 1,075) and divide it by CII at the time of purchase (. 939). Now, the capital gains after providing for double indexation turns out to a capital loss of . 4,983 (. 1,09,500 minus . 1,14,483), which makes your tax liability nil. In fact, you can even carry forward this loss for eight years and set it off against long term capital gain. 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 Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Franklin India Bluechip ICICI Prudential Top 100 Fund B. Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Birla Sun Life Front Line Equity Fund Franklin India Prima C. Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Birla Sun Life Dividend Yield Plus SBI Emerging Businesses Fund HDFC Mid-Cap Opportunities Fund ICICI Prudential Discovery Fund D. Small and MicroCap Funds Invest Online DSP BlackRock MicroCap Fund 2.Franklin India Smaller Companies E. Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund ICICI Prudential Banking and Financial Services Fund F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund G. Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund 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 Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Credit Counselling Posted: 27 Mar 2014 12:40 AM PDT 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     The third eye is said to be the eye of insight - an eye that provides a vision beyond the ordinary. So is Credit Counselling a Third Eye to your Financial Planning? Well we will find out! The concept of Financial Planning is surely better known than Credit Counselling. But let me begin with decoding each concept…step by step! Financial Planning, at its simplest can be defined as a process wherein a Financial Planner would examine your current financial situation, understand future financial goals and then develop a customized plan for you. This is the process. Next, let me list down the broad steps taken by a Financial Planner: Understand and examine current financial situation Establish goals – Buying a new house, retirement planning etc. Develop a step by step detailed financial plan customized as per your needs Implement the financial plan to help you protect your assets and grow your money Review and revise the plan as required On the other hand, Credit Counselling can be defined as a process wherein a Credit Counsellor would understand your current loans and credit cards, understand your current budgets & servicing capacity, examine your credit report, score and history and then develop a customized plan for you. I have listed down the broad steps that are taken by a Credit Counsellor: Understand and analyze your current liabilities – loans, credit cards, EMI Guide you on how to read and understand your credit reports and scores Develop solutions and strategies to improve credit scores Handhold you throughout the credit life cycle process Going back to my question – Is credit counselling really the third eye to your financial planning? The answer could be yes! But let us logically buy into this opinion. Let me explain this to you with the help of a story. Let us assume Mr. Aam Aadmi – an investment banker! He has set certain goals which he wants to achieve at different stages of his life. Typically, Aam Aadmi would approach a Financial Planner who would examine his current assets and investments and draw out a detailed step by step plan that would facilitate him in achieving his goals. But a fact that cannot be ignored is that Aam Aadmi might have to take a loan for his car, house or child’s education! Now what if Aam Aadmi’s loan is rejected due to a poor credit report and score? All because his liabilities were not examined and neither was his credit behaviour. Aam Aadmi was taught to save for the rainy day but not about the importance of repaying loans on time and maintaining a healthy credit life! For further information contact Prajna Capitalon 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 Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Franklin India Bluechip ICICI Prudential Top 100 Fund B. Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Birla Sun Life Front Line Equity Fund Franklin India Prima C. Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Birla Sun Life Dividend Yield Plus SBI Emerging Businesses Fund HDFC Mid-Cap Opportunities Fund ICICI Prudential Discovery Fund D. Small and MicroCap FundsInvest Online DSP BlackRock MicroCap Fund 2.Franklin India Smaller Companies E. Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund ICICI Prudential Banking and Financial Services Fund F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund G. Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund 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 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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