Prajna Capital |
- ICICI Prudential Focused Bluechip Equity Fund - Invest Online
- PPF account for children
- Tax Efficient Instruments
| ICICI Prudential Focused Bluechip Equity Fund - Invest Online Posted: 07 Jul 2014 05:06 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
ICICI Prudential Focused Bluechip Equity Fund (G) Performance Indicators
Annual returns compared to benchmark  Cumulative returns compared to benchmark 
Value of Rs 10,000 invested 5 years ago  Value of monthly SIP of Rs 10,000 over 5 years 
Chart data as on 31.03.2014 Scheme Information
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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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 | ||||||||||||||||||||||||
| Posted: 07 Jul 2014 03:12 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
PPF account for children
Parents may decide to open a PPF account in the name of their minor children for longterm savings and reduced taxes. An individual can maintain only one PPF account in his name. When investors open the PPF account for their minor children, the account of the child is maintained under the guardianship of the parent. For all practical purposes, both accounts are seen as one.
Eligibility A resident individual can open a PPF account on behalf of a minor child in the capacity of a guardian.
Either of the parents can open the PPF account on behalf of the minor.
Documentation KYC documents, a passport size photograph along with the proof of age of the minor child (birth certificate/school certificate) are required to be submitted along with the account opening form.
Investment limit An individual's PPF account and PPF account under his guardianship together have an annual investment cap of `1 lakh.
According to PPF rules, the `1 lakh limit is applicable for an individual, not on per account basis. Interest will not be paid on amounts exceeding the limit.
Declaration Individuals need to declare all their PPF accounts -held in their name or their minor childrens' name -when opening a PPF account for a minor.
Tax exemption The guardian can claim a maximum of `1 lakh under section 80C. This limit will apply on the balances in both PPF accounts.
Both parents cannot open a PPF account for the same child. One account per person rule will apply.
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 | ||||||||||||||||||||||||
| Posted: 07 Jul 2014 01:47 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Tax Efficient Instruments
In India, more than half the population is below 25 years of age, while over 65% are below 35.
And by 2020, the estimated average age of an Indian will be 29 years. This young population is either employed or soon will be earning to make a living. While this is good news, the not so good news is that with neither any social security system nor any old-age financial support system in place in India, these youngsters are likely to face problems meeting their financial needs when past their working age. Additionally, the concept of job security is also diminishing. Together, these are the prime reasons why the youth of today should put in place a financial plan as soon as they start working.
Financial planners and advisers, however, say that for most of those joining the workforce, the preference is to spend rather than save. And they add that this attitude should undergo a radical change to have a better financial future -from living a life dictated by wants and aspirations, youngsters should live a life driven by needs. There is a need to educate and guide the first-time earners of today to plan their resources in the right manner to achieve their financial goals and objectives.
One of the main reasons for this, according to financial planners and advisers, is that the regularity of income is seen as a blessing in general for the salaried class, who also enjoy the benefits of superannuation systems. And these two together, in most cases, make this class complacent about their post-retirement financial needs. Later when they realize that the retirement corpus is inadequate to meet their financial needs comfortably during their sunset years, either they are forced to compromise on their lifestyle or delve into their savings to maintain the lifestyle they had before their retirement.
According to financial planners and advisers, the basics of financial planning lie in valuing earnings, starting to invest early and investing regularly like systematic investment plans (SIPs) through the mutual fund route.
The youth should also re Il member that their main approach towards financial planning should not be aimed at saving tax. So, they should not go overboard with tax-saving instruments. According to one senior executive with a large fund house, in their aim to save on taxes, people at times miss out on investments that give better returns than the tax savings instruments. Also, youngsters must create an emergency fund by investing in instruments that are liquid in nature and this corpus should cover at least three months of their expenses.
From the very beginning, first-time earners should also be careful to avoid getting into the vicious cycle of a debt trap and EMIs. They should also prioritize their need for investing before expenditure to participate in the growth process, financial planners and advisers say. Also, they should keep in mind that there are no shortcuts. So, youngsters should always avoid the lure of quick returns, and be patient with their invested corpus.
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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