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- TATA Short - Term Bond Fund – Invest Online
- Last Week for sending Tax Returns Verification of 2014
- New Kisan Vikas Patras (KVP)
| TATA Short - Term Bond Fund – Invest Online Posted: 30 Nov 2014 05:03 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 TATA Short - Term Bond Fund – Invest Online
Launched in August 2002, Tata Short- Term Bond Fund is an open- ended short- term income fund. It has been ranked CRISIL Fund Rank 2 ( good performance) in the short- term income fund category by the CRISIL Mutual Fund Ranking for the quarter ended September. The fund, managed by Raghupathi Acharya ( since May) and Akhil Mittal ( since June), has been ranked in the top 30 percentile (CRISIL Fund Rank 1 and CRISIL Fund Rank 2) of its peer group for seven quarters under the short- term income category. The fund's average assets under management ( AUM) increased from ₹ 320 crore for the quarter ended September 2013 to ₹ 1,366 crore for the quarter ended September 2014. The category's AUM decreased 22.77 per cent. Fund objective The investment objective is to create a portfolio of debt as well as money market instruments to provide reasonable returns and liquidity to unit holders. The fund intends to invest in debt instruments ( including bonds, debentures and government securities) and money market instruments such as Treasury bills, commercial papers ( CPs), certificates of deposit ( CDs), repos of different maturities and as permitted by regulation to spread the risk across different kinds of issuers in the debt market. Investors can consider short- term income funds to take advantage of high interest rates as these funds invest in the shorter- tenure paper and hold them until maturity, making it less susceptible to interest rate changes. Risk/ return attributes The fund has outperformed its benchmark ( CRISIL Short Term Bond Fund Index) and the category across various time frames – six months; one, three, five and 10 years as on November 20. Over three years, the fund has earned 9.72 per cent compound annualised return vis- à- vis the category's 9.42 per cent and the CRISIL Short Term Bond Fund Index's 9.25 per cent. A sum of ₹ 1,000 invested in the fund at its inception would have grown to ₹ 2,522 by November 20 compared to ₹ 2,271 for the benchmark and the category's average of ₹ 2,427. The fund is also less volatile than its category; annualised volatility of the fund for the year ended November 20 is 0.85 per cent whereas the category's average is one per cent. Portfolio analysis The fund has dynamically churned its portfolio between CPs, CDs and non- convertible debentures ( NCDs) to benefit from variation in interest rates. It increased its exposure to NCDs to 63.13 per cent in April 2014 from 42.43 per cent in November 2013, while reducing its exposure to CDs from 29.45 per cent to 12.51 per cent. This dynamic asset allocation has also had an impact on its average maturity, which changed from 1.29 years to 1.95 years in the aforesaid period. The fund has maintained its average maturity on average at 1.81 years after April, which has helped it to garner superior returns due to the subsequent decline in interest rates. In terms of the credit profile, the fund continued to maintain a majority portion of its assets in the highest- rated papers. Over one year ended September, an average 72 per cent of its portfolio has been invested in the highest- rated paper For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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--------------------------------------------- Invest Mutual Funds Online
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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 |
| Last Week for sending Tax Returns Verification of 2014 Posted: 30 Nov 2014 03:15 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 Week to go for sending Tax Returns Verification 120-day window will end this month. If you pass this, your returns will be considered not filed November 30 is the deadline for sending the income- tax returns verification ( ITR- V) for 2013- 14, as it will be four months or 120 days since July 31, the deadline to file IT returns. And if you don't send your ITR- V till then, your returns will be considered not filed. ITR- V is an acknowledgement of the returns filed. The I- T department allows you to send ITR- V in 120 days of filing your returns online. If not done, your registration with the department is cancelled. Around five per cent of tax assesses do not file their ITR- V. Many don't know they need to send the ITRV to the tax departments Bengaluru office after filing returns online. Citizens earning a salary of more than ₹ 5 lakh a year need to file returns online. Sometimes, the department extends the 120- day deadline. Those who had e- filed returns in 2010 were allowed to send acknowledgements till July 2011. This year also, the department started a campaign reminding taxpayers who had filed their returns without digital signatures and had not sent the signed copy of the ITR- V. The department extended the deadline to October 31. Not mailing ITR- V on time has many negatives. You might be fined ₹ 5,000 a return for failing to file returns by the end of the assessment year. You have a two- year window to file belated returns, failing which there is no way to do so, One can file income tax returns by ( a) filing it on time at the end of each financial year ( b) till two years after the financial year or ( c) against a notice from the department if the two- year window expires. But if there are any errors in the belated returns, you can't revise. If you do not file returns on time, you cannot carry forward capital losses incurred, if any, in a financial year to be adjusted against capital gains made in the subsequent years. The good part: Loss from sale of house property can be carried forward even if returns are not filed on time. If you are liable for a refund, it stands a good chance of being delayed, as you've filed returns after the due date. You should sign the ITR- V before posting it. Acknowledgments signed in black ink are considered scanned copies or photocopies of ITR- V and tend to get rejected. Folding the sheet leads to print ink getting erased on the creases. The department informs you about the rejection by post, which might not reach you in time to act within 120 days. 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: 29 Nov 2014 11:18 PM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 New Kisan Vikas Patras (KVP)
The new Kisan Vikas Patras (KVP) have been launched with much fanfare but experts doubt if they will generate interest among urban investors. "There are many fixed-income products that offer higher returns compared to these new KVPs," says Delhi-based tax consultant Surya Bhatia. The Public Provident Fund (PPF), for instance, offers 8.7% tax-free returns. But the interest earned on KVPs is fully taxable, so the post-tax return for someone earning more than ` . 10 lakh a year gets pared down from 8.7% to a niggardly 6% (see table). The only difference is the ` . 1.5 lakh annual investment limit in the PPF. There is no upper limit for investments in the KVPs. But bank deposits don't have investment limits as well. Small private banks such as Lakshmi Vilas Bank and Karnataka Bank and a few PSU banks are offering up to 9% on fixed deposits of 8-10 years, making them a better proposition than the KVPs. Senior citizen investors should also stay away from these re-launched instruments.They can get 25-30 basis points higher interest on bank deposits. Besides, the Senior Citizens' Savings Scheme offers them 9.2% as well as tax benefits under Section 80C. The post-tax returns in the 30% bracket work out to 35 basis points higher than what . 15 KVPs offer. The only disadvantage is the ` lakh-investment limit per individual in the Senior Citizens' Saving Scheme. Financial planners say the new KVPs should appeal to the unbanked population in rural areas. Cheque books and bank accounts are not necessary and investments and the maturity amount can be in cash. However, the acceptance of cash doesn't mean these instruments can be used for money laundering. The government has clarified that investors will have to comply with KYC rules applicable to other small savings schemes of the post office. The KVPs can be transferred to another person any number of times.
 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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