Prajna Capital |
| ELSS Mutual Funds for Retirees Posted: 04 Dec 2014 02:46 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 ELSS is great for Retirees alsoIf a senior citizen has taxable income, then ELSS funds are an excellent option for tax-saving By all means, he should invest in ELSS funds for saving tax. Everyone who has taxable income should invest in ELSS. It's one of the most misguided and harmful beliefs of investment planning that equity investments are not suitable for seniors. The idea that equity is risky and therefore suitable only for young people actually pushes many old, retired people towards financial problems.
Equity investment is only risky over the short term. For investment periods of three to five years or longer, equity investments are low in risk and high in returns. In fact, when you take inflation into account, it is bank FDs and similar deposits that are harmful. The returns are barely higher than the inflation rate and in effect, your father is losing value or barely maintaining it.
There are also some other points you should consider: 1. The returns your father will earn from ELSS will also be tax-free because there is no long-term capital gains tax payable on equity. On FDs, the returns are taxable and TDS is deducted yearly. The yearly deduction of TDS further reduces returns by making less money available for long-term compounding. 2. ELSS is more liquid because the lock-in is three years. In tax-saving FDs, the lock-in is five years. 3. Unlike other kinds of FDs, tax-saving FDs are completely illiquid. Not only can you not break them prematurely, you can not take a loan against them either. Of course, like all equity investments, the either way of investing in ELSS funds is through monthly SIPs throughout the year. However, your father can still invest whatever he needs in about five evenly-spaced instalments over the remaining part of the year.
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: 04 Dec 2014 12:51 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
What is a flash crash?
It is a stock market term used to define a sudden and sharp drop in a benchmark index. However, global market regulators are yet to specify the quantum of the drop and the time frame within which it should happen. The biggest example of a flash crash is the over 1,000 points (more than 9%) drop in the Dow Jones index in the US on May 6, 2010, at about 2.30pm. Post the crash, the index recovered within a few minutes. The US Securities & Exchange Commission and the Commodity Futures Trading Commission are yet to pinpoint the cause of that crash.
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 | ||||||||
| L&T Equity Fund - Invest Online Posted: 03 Dec 2014 09:11 PM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 L&T Equity Fund The scheme aims to follow bottom up stock picking, without any bias for sectors or market capitalizations. The scheme will attempt to be fully invested in equities at all times, however, upto 20 per cent of its assets can be invested in cash and cash equivalents. The fund is good at managing risk. An above-average performer in the large-cap space, L&T Equity Fund (formerly Fidelity Equity Fund) has climbed in the Value Research rating in the past one year due to a sharp improvement in returns in this bull-run. The fund's 59.7 per cent return in the last one year beat the benchmark and category by nearly 10 per cent. The fund's average ratings which have hovered between 3 and 4-stars for much of its life, have improved to 4-star since April 2014. While many funds in the large-cap space consciously adopt a concentrated strategy to outperform the index; L&T Equity prefers the other extreme. It consistently owns a very large number of stocks in its portfolio with average holdings usually under 3 per cent, a reason why the current stock count is 53, compared to the category average of 43 stocks. However, this is way below the 70-80 stocks it held under Fidelity. An extremely fragmented portfolio requires a rather large number of the fund's calls to pay off, to deliver stand-out returns, which is a cause of concern. Yet, the move has helped the fund contain downside, but mutes returns in a trending market. The other distinct feature is the sizeable mid-cap allocation compared to peers. While the typical large-cap funds hold over 90 per cent of their assets in bluechips, L&T Equity has kept large-cap allocations at 65-70 per cent, with the rest going into mid or small-caps. Mid cap allocations have risen in the last one year and provided a kicker to returns. The long-term returns of L&T Equity Fund appear middling, but the recent improvement offers promise over the long term; 5-year returns for the fund, at 16.6 per cent are ahead of the category by 4 per cent annually, 3-year returns of 18.6 per cent compare well to the top performers and so do the 1 year returns. The fund's recent returns have largely helped lift its overall returns, which had suffered a setback in 2012 and 2013. Buy in small lots and raise exposures if the fund keeps up the good work.
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 |
| You are subscribed to email updates from Prajna Capital - An Investment Guide To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment