Prajna Capital |
| Posted: 11 Jun 2015 08:19 AM PDT
Mutual Funds are classified into five categories by the role they play in a mutual fund portfolio. For instance, the Growth part of the portfolio can be further divided into three sub-categories: Conservative, Stable and Aggressive. Balanced funds, ELSS and large-cap equity funds offer Conservative Growth and lend stability to the portfolio. They are best for investors looking for reasonable returns and have an investment horizon of 4-5 years. The Stable Growth category comprises the large and midcap funds, multicap schemes and the more aggressive ELSS funds. These carry a higher risk but also offer higher returns than the Conservative Growth portfolio. The Aggressive Growth category is a mix of mid and small-cap funds and aggressive tax saving schemes. They are meant for investors with a higher risk appetite. The Income category has short-term debt funds and income schemes. These offer safe returns but are more tax efficient and liquid than bank fixed deposits. Liquid funds also fall in this category. Mutual funds are all about diversification. But very few consider geographical diversification and international funds are rarely analysed in detail in India. So, the section on global funds may be quite useful. It tells you where the funds invest and the kind of global exposure you get from investing in it. For newbie investors, the book has a detailed section on how to read a fund report and make sense of the numbers that populate the document. Of particular use is the chapter on how to build a mutual fund portfolio. The first step is setting your goals, then choosing the appropriate funds and tracking their performance. The book also guides you on the benefits of using the free online mutual fund portfolio tracker. It's a sophisticated tool that allows the investor to not only keep track his portfolio but also analyses it for him. The Portfolio Manager keeps track of dividends and bonuses that accrue on your holdings. The icing on the cake is the capital gains calculator that adds up the short-term and long-term gains you make every time you sell a mutual fund. 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 - 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 Download Mutual Fund Application Forms from all AMCs | ||||||||
| Health Cover - Refill or Top up Posted: 11 Jun 2015 04:55 AM PDT Under refill plans, you can get double the sum insured
It takes a medical crisis to make most of us realise that our health insurance cover is too small. Insurers are aware of this and therefore, almost all comprehensive medical plans from standalone health insurance companies now come with a built-in sum insured restoration or refill benefit.
Under these plans, the basic cover automatically gets reinstated in case you exhaust it during a policy year. Take for instance, you have a health insurance cover of `5 lakh. During the policy year you fall ill and run up a claim of `2 lakh which the companies settles. In a few months, another claim of `4 lakh arises. In regular policies you would have got only the outstanding `3 lakh out of the total `5 lakh cover and would have had to pay the remaining `1 lakh from your pocket. However, in a policy that comes with the restoration benefit, you will get the full `4 lakh. Health insurers reinstate up to 100% of the sum insured in a year. In effect, you are actually covered for double the amount of your basic cover size. For a `5 lakh cover, you can claim up to `10 lakh with the restoration benefit. Not surprisingly, this benefit costs slightly more than a standard health plan. For instance, a regular `5 lakh indemnity plan would cost a 35-year-old a little more than `6,000 annually , while the plan with restoration benefit would cost more than `7,000. Also, there is no loading on your next year's premium for using the refill benefit. According to the new health insurance regulation, a health insurance company is not allowed to charge a higher premium from the customer post a claim. The rule applies to restoration plans as well and the cost for this benefit is built-in from day one. Sounds too good a deal to be true? The catch is that the restored sum insured can be only used for any other illness or diseases unrelated to the ones for which claims have been made during the year. So, if your previous medical claim was related to your heart ailment or diabetes, any hospitalisation that remotely relates to the illness won't be claimable. In a family floater plan the treatment is slightly different. Under floater plans, the illnesses are individual specific and each ailment is treated as fresh case for different members. Nevertheless, this clause beats the whole purpose of having a bigger cover as the chances of you falling ill with an existing condition or a relapse is always higher than developing a new ailment. It is, therefore, better to opt for a basic health plan and a top-up combo. Though buying two products may cost slightly more, the benefits are bigger. One, the top-up plan does not come with the `claims different ailments only' clause. It simply kicks in once you cross the basic threshold deductible limit and pays for all ailments irrespective of where a similar claim has been made during the year. Two, you have the flexibility to choose a higher cover. This means even if you have a base cover of `5 lakh, you can always opt for a `10 lakh top-up. In a restoration plan, the maximum you get is double the sum insured. However, make sure you pick a `super top up' and not any regular top-up plan. The difference is that in the case you choose a regular top-up policy , for you to get the claim, the expenses for a single treatment should be over the threshold. Whereas, in a super top-up your total expenses in a year have be above the threshold level for the policy to kick in. 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 - 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 Download Mutual Fund Application Forms from all AMCs | ||||||||
| TDS on premature PF withdrawal may go Posted: 11 Jun 2015 03:15 AM PDT TDS on premature PF withdrawal may go The Finance Ministry is reconsidering its Budget provision to tax premature provident fund (PF) withdrawals of `30,000 or more, even as the Finance Act of 2015 has been notified and deduction of tax at source from PF accounts settled before five years of service comes into force on June 1. "The government is mulling two options to hold back the implementation of this tax, after it was pointed out that it would be unfair to tax retirement savings of people whose income is less than `2.5 lakh," said a senior official. The finance ministry may issue a directive to put the implementation of this clause in the Finance Act in abeyance or raise the `30,000 trigger for tax deductions from PF accounts. 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 - 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 Download Mutual Fund Application Forms from all AMCs |
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