Prajna Capital |
- Birla Sun Life Frontline Equity Fund Invest Online
- LIC Nomura MF Interval Fund Quarterly Series dividend
- Investment for Tax Savings under Sction 80C
| Birla Sun Life Frontline Equity Fund Invest Online Posted: 04 Mar 2014 04:14 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
The fund is quite aptly named - BSL Frontline Equity Fund has been a frontline performer through good and bad markets - outpacing its benchmark each year over the last 5 years and almost every quarter over the medium term.
Fund Benchmark : BSE 200
Fund Strategy
Birla Sun Life Frontline Equity Fund has an investment strategy wherein it endeavors to optimize diversification by having sectoral weightage in line with the BSE 200 index. The scheme is managed using 3 key principles:
Discipline - The scheme targets to maintain sector exposure within +/- 25% or absolute +/- 3%, whichever is higher, of the sectoral weight in the benchmark index i.e. BSE 200, in order to maintain diversification and avoid excessive concentration in a single sector.
Bottom up stock picking is the key to generating alpha. The Fund Manager carries out extensive research to select companies mainly on its individual merits that offer higher growth potential.
Profit booking at opportune moments, particularly for mid caps where we have rotated exposure within sectors from expensive stocks to cheaper stocks.
This is a diversified scheme with a bias for large cap stocks but not exclusively focused on them. We intend to take advantage of select mid cap opportunities from time to time.
Performance commentary
The key factor behind the remarkable consistency in long term & medium term performance has been Discipline, wherein it endeavors to optimize diversification by having sectoral weightage in line with the benchmark.
Factors behind the relatively choppy performance during the first quarter of 2011 largely account of following reasons :
Sectoral and thematic preferences
Outlook
As the economy continues to face macro headwinds, we feel that while in the near term Market will be volatile, but overall outlook on the market remains positive. Though we have trimmed exposure to Midcaps over last six monmths, we may intend to buy stocks in this segment if scrips are available at better valuations, within the specified limits of exposure. The focus will be towards stock - specific bottom - up approach & generating alpha.
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
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
2. Franklin India Smaller Companies E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
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 |
| LIC Nomura MF Interval Fund Quarterly Series dividend Posted: 04 Mar 2014 02:59 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
LIC Nomura Interval Fund dividend
LIC Nomura Mutual Fund has announced dividend under the dividend option of LIC Nomura MF Interval Fund Quarterly Series 1. The quantum of dividend shall be the entire distributable surplus as on record date.
The record date has been fixed as February 03, 2014.
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
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
2. Franklin India Smaller Companies E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
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 |
| Investment for Tax Savings under Sction 80C Posted: 04 Mar 2014 01:39 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Around this time of the year, our investment decisions are more linked to what Section 80C of the Income Tax Act, 1961 (‘Act’) says than by the historical trends of the investment. For the uninitiated, Section 80C lists down certain investments / expenses which can be deducted by an individual (or a Hindu Undivided Family) in computing his taxable income. This deduction, clubbed with investments under sections 80CCA, 80CCB and 80CCD of the Act, is subject to a limit of Rs.1,00,000/- per financial year (‘FY’). Simply put, if Mr. Nayak earns an income of Rs.10,00,000/- in FY 2013-14 and invests / spends Rs.1,00,000/- in products eligible for Section 80C deduction, he would be liable to pay taxes only on the balance Rs.9,00,000/-.
Thus, an individual / HUF can save taxes up to Rs.30,900/- for taxable income up to Rs.1 crore in FY 2013-14. Tax savings would be Rs.33,990/- in case the taxable income exceeds Rs.1 crore.
Here we have identified the appropriate investments under sections 80C, 80CCA, 80CCB and 80CCD.
A. Mandatory Investments / Expenses
1. Contribution to Employee’s Provident Fund (‘EPF’) – For a salaried person, this is an automatic deduction from the salary. And if you are lucky enough that this amount exceeds Rs.1,00,000/-, fret no more as your investment for 80C is done! EPF deposits yielded tax free interest of 8.75% per annum in FY 2013-14.
2. Repayment of Home Loan – Repayment of the principal portion of a home loan to any institutions specified u/s 80C is eligible for Section 80C deduction and should be accounted for before deciding on further 80C investments. Such a house cannot be sold for 5 years from the end of the FY in which it was purchased; else the 80C deduction claimed in earlier years will be taxed in the year of sale.
Institutions specified u/s 80C include banks, LIC, National Housing Bank, public companies providing long term finance to construct / purchase residential houses, housing finance companies or your employer, if it is established under any law.
3. Children’s Education – Tuition fees to any educational institution in India for full time education of any 2 children is eligible for 80C deduction.
B. Voluntary (but necessary) Investments / Expenses
1. Public Provident Fund – PPF is an important retirement planning tool, especially if you are not eligible for EPF. PPF yielded a tax free interest of 8.70% in FY 2013-14 and is subject to a lock in of 15 years but can be partially withdrawn after 5 years or borrowed against. One can annually invest up to Rs.1,00,000/- in PPF.
2. LIC Premium – You haven’t planned smart if you and your family members aren’t insured. The premium, if it is less than 10% of the actual sum assured, is eligible for 80C deduction. In certain cases, premium up to 15% of the sum assured can be used.
3. Senior Citizens Savings Scheme (‘SCSS’) – For persons above 60 years or those who have taken voluntary retirement and are older than 55 years, this is the safest investment avenue. Deposits in SCSS earned a pre-tax interest of 9.2% in FY 2013-14. Lock in period is 5 years but account can be closed prematurely after 3 years.
4. Equity Linked Savings Scheme (‘ELSS’) – While SCSS is best suited for senior citizens, ELSS offers to youngsters the potential to earn high returns; albeit with higher risks. Lock in period for 80C purpose is 3 years and dividends and capital gains are tax exempt. CRISIL-AMFI ELSS Fund Performance Index computes a 3-year annualized return of 2.73% as at 31st December 2013 from ELSS schemes forming its part.
4. National Savings Certificate (‘NSC’) – NSCs, which earned an annual pre-tax interest of 8.5% and 8.8% on 5 and 10 year certificates respectively, with a lock in of 5 years, are also a good alternative.
C. Other Voluntary Investments / Expenses
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
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
2. Franklin India Smaller Companies E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
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 |
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