Prajna Capital

ICICI Prudential Value Discovery Fund
Do not Ignore Life Insurance
Keep your power bills low

ICICI Prudential Value Discovery Fund

Posted: 08 Mar 2015 12:25 AM PST

ICICI Prudential Value Discovery Fund - Buy Online

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

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

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

Leave a missed Call on 94 8300 8300

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Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

Do not Ignore Life Insurance

Posted: 07 Mar 2015 10:36 PM PST

Why do you need life insurance?

You need life insurance not for one reason but many. Life insurance not just provides you guarantee but it also lets you live with ease. Given that your life is exposed to various risks you need life insurance to:

• Fulfil your family's financial requirements:
Sustenance is impossible without an intact cash resource. Your family is dependent on your income more than you are. You need to keep their present as well as future financial requirements in the view. Your family members need to carry on with their lives even when you are not with them. Without you their financial sources will cease. So it is your responsibility to arrange for an alternative source of income for them or anything that can make them move on.

• Repay debt:
Loans and debts are an inseparable part of financial planning for most of the people. It gives you an additional source of funds. There is no harm in taking loans. However, you should also be able to pay it back what so ever is the case. If you have taken a loan you should definitely have a life insurance policy also. Having an appropriate life insurance plan will save your family to take the burden of repayment of loan in case you are no more. Calculate how much debt you need to clear and add it to the sum insured of your life insurance policy.

• Get emergency funds:
A life insurance policy can let you avail loan against the amount you have paid as premium. So it is not just for your family but also to fulfil your own needs.

• Avail other benefits
There are many riders available with a life insurance policy. These riders help you to extend the benefits you get from your life insurance plan. Besides death benefit, you can get many more benefits which add value to your plan. Disability benefit, accidental death benefit and dismemberment benefit, critical illness benefit, waiver of premium, accelerated death benefit and the list goes on. The rider you choose is subject to the kind of life insurance plan you choose.

How much does Life Insurance cost?
Today, you can buy life insurance plans at highly cost effective rates. Do not be surprised if you come across term insurance plans which offer you life insurance coverage of Rs 1 crore at a premium in the range of Rs 7,000-12,000 a year. Online term plans are rather cheaper if you intend to save even more. Not only you save yourself from paying for agent's commission but the comparison of term plans online can let you pick the cheapest term plan with the required sum insured and you are able to save on the premium by 40 to 60 percent.

Taking the above example as yardstick, you can guess how much it would cost to avail insurance of Rs 50 lakh or Rs 2 crore. The prices generally fluctuate by some percentage in case of different coverage points. Nevertheless, it is a buyer's market and you can expect great deals coming your way.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

Leave a missed Call on 94 8300 8300

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

Keep your power bills low

Posted: 07 Mar 2015 07:45 PM PST

Summer means high energy consumption and high electricity bills. But small steps can whittle away power costs

1 Switch off that fan

The power saver in us is quick to switch off lights and replace regular tube lights and bulbs with CFL and LED. But lights are used only after dark, while fans run all day and night. Thus, fans have a bigger impact on power bills. While a tube light consumes around 55 watts per hour, an average fan consumes 75 watts. Old models and inexpensive fans can guzzle up to 90 watts. Replacing your old fan with a power-saver model makes sense as a BEE rated fan consumes around 50 watts. A study by Bijlibachao.com shows an eight-year-old fan consumes as much as 92 watts on full speed, twice as much a BEE-rated fan. Today, super energy efficient models are available, which use around 35 watts. The average cost of operating a fan is `5 per unit.

2 Go easy with the AC

The air-conditioner is the biggest power guzzler among household appliances. If you are planning to buy an AC, a BEE-rated model is a good option. If the choice is between a split and window AC, the split makes more money sense. A 5-star rated window AC is as power efficient as a 4-star split AC. Also, look for an AC with a built-in inverter. Though more expensive, it consumes much less power. An old 1.5 tonne AC uses around 1.5 units per hour, while an inverter AC uses only 0.91 units per hour.

3 Place the fridge right

A refrigerator accounts for 15% of a household's total power consumption. You can make your fridge more power efficient by placing it in a way to allow air circulation around it. It should be at least 2 inches away from the wall. Do not expose it to direct sunlight--it will need more power to function.Don't stuff your fridge full, there won't be enough space for air to circulate inside, reducing the efficiency of the unit. Ice accumulation impacts energy consumption, so defrost regularly. If you are buying a new fridge, go for BEE-rated one. Big fridges and ones with features like instant ice maker use more energy. Replacing an old refrigerator with a new BEE-rated one, can save `1,500 a year on power bills.

4 Reduce standby consumption

It's not enough to just switch off a device. If you don't turn off the main switch the device is connected to, you will continue to pay for the standby power. According to a study conducted by the Department of Energy in the US, a DVD player's standby power consumption is around 7.54 W, and a set-top box's 17.8 W. Switch off the electric point for appliances which are not being used. It is safer to unplug the cord. According to a government report, standby power use in a household accounts for nearly 2% of power consumed.

5 Analyse your bill

If you think your electricity bill is too high, analyse it. Detect the possible issues and take corrective measures. Bijlibachao.com has an online bill calculator which helps you understand the various components of your bill. It gives you approximate figures to show how much your are paying for various appliances in the house. You could save `3,000 a year in electricity bills if you switch from using a desktop to a laptop. Switching from a 1-star refrigerator (200 lts) to 5-star could save you `2,297 yearly.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds