Prajna Capital

Steps for a valid will
Paperless Income Tax Filling for 2015
Sectoral Funds

Posted: 14 Aug 2015 04:02 AM PDT

A will is a legal declaration of the intention of the testator with respect to his property which he desires to be carried into effect after his death. There is no specific format to make a will so long as the testator follows legal requirements to fulfil a valid will such as requirement of witnesses, sound mind without any undue influence, signature and appointment of executor.However, it is possible that after the death of the testator, the will is challenged by a relative in court. Here are steps that one can take to ensure that a will sustains a challenge.

Clarity

Any ambiguity or uncertainty in the language of the will and specific bequests can render the will or the bequest void.Hence it is important to clearly state all the wishes of the testator so as to avoid any misinterpretation or confusion.

Schedule of property

The testator should make a list of all the property (immovable and movable) that he owns as on the date of making the will. This schedule is appended to the will, making it a part of the will. This ensures that no asset is left out from the scope of the will.

Residuary clause

A residuary clause disposes of such property to a desired person, which has not been expressly bequeathed to anyone in the will. This clause helps bequeath any property that has been missed to be included in the will.

Reasons for disinheritance

If the testator wishes to disinherit a particular close relative from the will, it is a good idea to state the reason for such an action in the will so as to avoid any dispute.

Single copy

It is of prime importance to maintain only a single copy of a will. All older wills must be destroyed. Registration of the latest will supports this cause. Superseding existing will is good practice while making a new will.

Registration of a will ensures safe custo dy of the will and prevents tampering, mutilation or theft of will.

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Leave a missed Call on 94 8300 8300

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Invest Any Mutual Fund Online

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Paperless Income Tax Filling for 2015

Posted: 14 Aug 2015 03:11 AM PDT

Paperless Tax Filling 2015

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

Sectoral Funds

Posted: 14 Aug 2015 12:53 AM PDT

Sectoral Funds Won't Have it Smooth All the Time

Sanket Dhanorkar

These funds shot up in 2014, but you must be careful when investing in them because they need good timing

Sector funds, for long in the dumps, emerged among t h e b e s t p e r fo r m i n g schemes in 2014. However, chances are the sector on a hot streak today may have already had its time under the sun. Before you rush to grab a piece of this pie, make sure you know what you are getting into.

FLUCTUATING FORTUNES

A sector fund allows you to take concentrated exposure in a particular sector that you believe will do well in the immediate future. With a sectorfocused fund, the onus is entirely on you to time your entry into and exit from the fund. This is because even during a secular bull run, rarely does one sector go on a performance spree. The huge gains that can be seen in specific sector funds now may fizzle out as the next sector comes into focus. So, logistics and infrastructure companies may not continue to top the performance charts. On the other hand, sector funds focused on FMCG and technology , which are currently lagging, may make a strong comeback this year if earnings in other sectors continue to disappoint.

Sector funds require proper timing. We normally recommend sector funds to only those investors whose risk profile is moderately aggressive

A diversified equity fund, on the other hand, would be able to shift in and out of sectors as the story plays out, thus enabling you to harvest the benefits of a possible secular bull run in the equity market without looking for opportunities yourself. Also, you will not have to bother about your investment time horizon with a diversified fund. There is very little reason to opt for a sector fund when a diversified fund can position itself and shift dynamically between sectors.

If at all you are inclined to take a concentrated bet with a sector fund, do so with caution.

Do not follow the herd. Try to understand if the rally in a particular sector is really supported by fundamentals. We normally suggest taking an exposure into a particular sector when the going seems to be tough, but there is a definite performance potential in the long term.

Her firm started recommending infrastructure funds in 2011, when this sector was underperforming in a big way , and although this category has delivered stellar performance in the current year, they are still advising investors to hold on to the unds from this sector. If you go for the current table toppers in the category. In an economic upturn, the banking sector is likely to participate and outperform for some time.

LOOK UNDER THE HOOD

Often, sector funds invest beyond the sector they are supposed to represent. Sometimes, the sector being represented is itself home to a diverse range of businesses. This lends little certainty to what the fund portfolio will be made of at any given point.

For instance, last year's top performer, the UTI Transport and Logistics Fund, is almost like a dedicated automobile sector fund.Its top-10 holdings are concentrated in automobiles and auto ancillaries. The top-five holdings of Franklin Build India Fund, which aims to invest in companies engaged directly or indirectly in infrastructure activities, comprises mainly banks.

When selecting a sector fund, investors should check if the fund is actually following the mandate