Friday, May 1, 2015

Prajna Capital

Prajna Capital


Religare Invesco Active Income Fund exit load

Posted: 01 May 2015 03:28 AM PDT

 

Religare Invesco Mutual Fund has revised the exit load of the following funds:

 

Scheme Name

Existing Exit Load

Revised Exit Load

Religare Invesco Active Income

1% if redeemed on or before 90 days

NIL

 

The effective date is April 30, 2015.

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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

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

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OR

Leave a missed Call on 94 8300 8300

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Tax on FMP Profits

Posted: 30 Apr 2015 11:08 PM PDT

Gains realized from debt funds having tenure of less than 3 years are considered as short term capital gains

 

The gains you make on the NAV of the fund will be treated as short term capital gains and you will have to pay tax on it at 10 per cent, your tax slab rate. Gains realized from debt funds having a tenure of less than three years are considered as short term capital gains according to current tax laws, which came into effect last year. You cannot avail double indexation benefits due to the change in tax laws.

 

An investor cannot extend his term in a closed-ended fund. However, the AMC may choose to roll over the fund and extend its maturity. In such a case, the fund will write to you asking if you would like to rollover. You can opt for rollover if you don't need the money immediately. It is also tax efficient to rollover FMPs so that your holding period is at least 3 years.

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

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

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

FMPs Rollover

Posted: 30 Apr 2015 08:34 PM PDT

 



1 Fixed maturity plans (FMPs) are closed-end funds issued for a specific maturity period, at the end of which units can be redeemed or rolled over.

2 A rollover if offered by a mutual fund, enables investors to stay invested in the FMP for a longer period of time, until the next maturity date.

3 CBDT has clarified that such rollover of FMPs will not attract capital gains tax, as the scheme remains the same.

4 Rollover has become important after the modification of holding period for applicability of long term capital gains tax on FMP was modified from 12 months to 36 months.

5 Investors can choose to exit at NAV depending on their needs and pay applicable tax. Rollover will not be treated as redemption by the taxman.

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

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

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

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