Prajna Capital |
- IDFC Tax Advantage (ELSS) Fund - Invest Online
- Dividend Distribution Tax calculation methodology from October 2014
- All you should know about Demat Account and KYC
| IDFC Tax Advantage (ELSS) Fund - Invest Online Posted: 10 Oct 2014 01:06 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
IDFC Tax Advantage (ELSS) Fund - Buy Online
The scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments
Consistency has been the hallmark of IDFC Tax Advantage Fund. A top quartile fund over 3 and 5 years, it has clocked a five year CAGR of 18.8 per cent, ahead of the category's 15.2 per cent. Starting with 3-star rating in 2011, the fund has improved its ratings to 4 stars thereafter, mostly retaining these ratings with its predictable performance. The fund's returns in the last one year has been well ahead of the benchmark, at 42.4 per cent, but a tad behind the category average of 43 per cent.
A small-sized fund, this fund tends to actively manage its allocations between large-, mid- and small-cap stocks. The call seems to be based on market conditions and relative valuations. Currently it is a mid-cap stock biased ELSS fund. After retaining 65-70 per cent exposure to large-cap stocks in 2011, the fund has steadily reduced its large-cap focus. At the same time, mid-cap allocations rose from 20-25 per cent for much of 2013 to nearly 47 per cent by end June 2014. The fund is now significantly overweight to mid-cap stocks relative to the category. Its 10-15 per cent exposure to small-caps are almost in line with the ELSS peer group.
This fund may not top the to-buy list among tax saving funds but is a reasonable bet for an investor who seeks consistency in returns.. As the bull market gained strength post elections, the fund has raised weights in mid cap stocks. While its stock choices are in favour of mid-caps, the fund seems to have taken a somewhat defensive position in terms of sector choices in recent months. This fund has managed to beat its benchmark as well as peer group over 3 and 5 year periods with returns of 16.9 and 18.8 per cent relative to 14.2 and 15.2 per cent for the category. One year returns have been somewhat muted though. The fund seems to thrive on sideways markets with a return of 15 per cent in 2013, significantly higher than the peer group's 6.6 per cent. The fund also managed a good show in 2010 and an ability to contain downside well in 2011. 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 | |||||||||||||||||||||||||||||||||||
| Dividend Distribution Tax calculation methodology from October 2014 Posted: 10 Oct 2014 12:21 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 As per Finance Act 2014, we wish to inform you that there is a change in the methodology of calculating Dividend Distribution Tax (DDT) for non-equity oriented mutual fund schemes w.e.f. October 1, 2014.
The change is in the DDT calculation methodology; which we have tried to simplify for better understanding.
· DDT rate was being applied on the net dividend payout · Effective October 1, 2014, as per Finance Act 2014, only DDT rate should be grossed up for deriving the DDT amount. The surcharge and education cess would then be derived from the DDT amount · Due to the change in DDT calculation methodology , there would be a slight fall in the dividend payout from non-equity oriented mutual fund schemes, on account of higher DDT amount being deducted as shown in the below illustration
Illustration for DDT calculation
Note: The figures given in the above table are for illustration and general information purpose only. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy. 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 | |||||||||||||||||||||||||||||||||||
| All you should know about Demat Account and KYC Posted: 09 Oct 2014 11:09 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 All you should know about Demat Account and KYC
 1. What is a demat account and why it is required? Shares and securities are held in dematerialised form in demat account. It is mandatory to have a demat account to carry out a transaction in stock exchange. Once an account is opened, you can buy shares by visiting a broker personally or online. 2. How to open a demat account? To open a demat account, you need to get in touch with a registered depository participant (DP). It is just like a bank or broker. You can get a list of registered DPs from NSDL or CDSL websites, then download or collect an account opening form from the registered DP's office or website. It usually takes a week or two to open your account. It is important to add nominee while applying for demat account. You can open a demat account with banks. However, banks have an option of opening an account with any branch while some have a set of selected branches. 3. Are there any charges levied on demat account? Account opening charges vary from bank to bank. Some private banks such as HDFC Bank and Axis Bank do not charge account opening fee while others may charge. The fees are also refundable. Other types of fee charged are annual maintenance fee, custodian fee and transaction fee. 4. What is depository? A depository is an organisation which holds securities like shares, debentures, bonds, government securities, mutual fund units etc. of investors in an electronic form. The securities are held at the request of the investors through a registered Depository Participant. The depository also provides services related to transactions in securities. 5. What is dematerialisation? Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities in an electronic form and are credited into the beneficiary's account with his DP. 6. Can multiple demat accounts be opened? Yes, you can open more than one account at the same name either with same or different Depository Participants (DP). An investor has to fill the KYC form every time he opens a new account. The KYC norms include Proof of Identity, Proof of Address requirements as stipulated by SEBI and PAN number. The investor has to show the original PAN card at the time of opening of demat account. 7. What is rematerialisation? The process to convert shares back to the physical holding is called as rematerialisation. He needs to fill remat request form (RRF) and request his DP to rematerialize the shares in his account. 8. Can an investor operate a joint account? No, an investor cannot operate a joint account on 'either or survivor' basis like a normal bank account. But if the beneficial owner authorises any person to operate his account by executing a power of attorney and submitting it to the DP, that person can operate the account on behalf of the beneficial owner. 9. Is there any rule to keep minimum balance of securities in demat account? No, there is no such rule to keep any minimum balance in demat account 10. Who is the registered depository in India? Depository registered with SEBI are called as registered depository and currently there are two registered depositories - National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL). 11. What are the benefits of dematerializing securities? There are various benefits of dematerializing securities such as 12. What are the KYC norms to open a demat account? KYC (Know Your Customer) is a customer identification process, which is done to prevent any criminal activity. SEBI has made it mandatory to fulfill the KYC norms in order to open a demat account. These norms include
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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