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| Posted: 19 Jul 2014 11:39 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
What is fiscal deficit?
One of the most talked-about figure in every Budget is the fiscal deficit figure which is expressed as a percentage of the GDP. If it is too high, say above 4.5% of the GDP or more, it becomes a cause for concern for the government.
On the other hand, if it is contained well within the budgeted level, the FM is appreciated. Fiscal deficit is the difference between a government's revenues and expenditure for a particular year. If the two don't match, and expenses are more than earnings, the government usually borrows money to bridge this shortfall. Higher government spending, lower revenue earnings and higher inflation leading to higher interest outgo could lead to fiscal deficit. Higher deficit number could mean the government is spending more, earning less or it's a combination of the two. Higher level of spending by the government can also lead to higher inflation, thus leading to even a higher fiscal deficit figure in subsequent years. A large deficit number means either the government or the economy is not performing properly and is an indication of troubles ahead.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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--------------------------------------------- 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
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 |
| PineBridge Quarterly Interval Series dividend Posted: 19 Jul 2014 09:02 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
PineBridge Quarterly Interval Series I declares dividend
PineBridge Mutual Fund has announced dividend under the dividend option of PineBridge Quarterly Interval Series I - Direct. The quantum of dividend shall be R17.5231 per unit.
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
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 |
| Retirement - Ensure regular earnings Posted: 19 Jul 2014 06:38 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Retirement - Ensure regular earnings
Start early planning as the debt fund tax will hurt even monthly income plans
Imagine this: Your monthly income scheme invests 60 per cent in equities and 40 per cent in debt. Ideally, it should be treated as an equity scheme and returns should be tax- free after one year. Wrong. It will still be treated as a debt fund and be taxed at 20 per cent ( with indexation benefit) after completing three years. Worse still, if you are paid in the interim, either in form of dividend or monthly income, there will be a dividend distribution tax ( around 30 per cent) and income will be taxed in line with the income- tax slab.
While the recent Union Budget has introduced the new tenure, additional dividend distribution tax and additional income tax on your MIPs, previous Budgets have created the basic anomaly of defining an equity fund as one in which ' 65 or more money is invested in equities'. In other words, everything else qualifies as a debt, even foreign fund- of- funds which invest in equities. For ones, who have already invested in monthly income plans for regular income, there isn't any option. Investors in MIPs, unless the government changes the tax laws, will have to live with them. Anyway, they are giving higher returns than conventional fixed deposits. So, there is still a case for them." While there are strong indications that the government may not impose the new debt tax from April 1, investors might have to pay tax on instalments that are paid to them after the government specifies the date of tax imposition. Either they can choose withdraw the entire sum and put it in a fund that is heavily loaded in favour of equities. But the returns will be uncertain.
Or, they can invest in arbitrage funds which will give safe returns of eight to nine per cent but get the tax treatment of equity funds ( another anomaly). There are three basic things you need to answer. If you are looking for safe regular returns, go the fixed deposit or post- office savings scheme or senior savings schemes that give regular returns way; if you are willing to take some risk, MIPs are still a better option because though the returns may vary due to the equity component, they would be higher than fixed deposits and other safe instruments; don't bother too much about tax arbitrage.
If you are just a few years away from retirement and seeking regular income post retirement, invest in a hybrid or asset allocation fund ( growth option) which invests from five per cent to 30 per cent in equities. Invest in such schemes for three years. After which, set up a systematic withdrawal plan ( SWP) in the same plan to get money on a monthly basis. Choose hybrid funds also because when you are closing on retirement, just a few years or so, it does not make sense to be over aggressive on equities. While there will be a tax on the regular income, one can decide the sum that they want every month from the scheme and pay income- tax. Also, once you have retired, the income level is likely to go down. Another advantage of these funds is that there is restricted exposure to equity and the fund manager regularly keeps rebalances the portfolio to ensure safety
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
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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