Prajna Capital

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• LIC Housing Finance Home Loan
• Reinvestment Investment Option
• TATA AIG General Insurance

LIC Housing Finance Home Loan Posted: 26 Oct 2015 05:07 AM PDT   LIC Housing Finance Home Loan Features Features Loan available for purchase, construction, repair, renovation and house extensions. Loans are also available for plot purchase. Eligibility Eligibility Should be engaged in a permanent service, profession or business to be eligible for a loan. Loan schemes are for those funding residential house by way of construction, purchase of new house or flat, existing house or flat not more than 35 years old, extension or renovation of existing house. Loan Amount Home Loan Amount Tenor of a home loan can be up to 20 years for a resident individual and 10 years for non-professional NRIs, subject to maximum age of 60 years for resident Indians and 55 years for NRIs on loan maturity date. In case of home loans for purchase or construction, 85 per cent of the total cost of the house will be available as a loan. Margin Margin 15 per cent of the cost of purchase/ construction/ repair/ renewal/ renovation of a residential property or a vacant plot need to be brought in by the loan seeker. Repayment Period Repayment Period For 'Griha Prakash', the repayment tenure is up to 20 years or before retirement or 60 years of age (whichever is earliest). The loan tenure is 5-15 years, or 60 years of age. For purchase of vacant plot/site, the loan repayment tenure is up to 10 years or before /at the retirement age, or 60 years of age (whichever is earliest). However, in case of purchase from government bodies/statutory bodies, the maximum tenure is 15 years. For Non- Professional NRIs term is restricted to 10 years, but 15 years for Professionals. It shall, however, not exceed retirement age or 55 years of age, whichever is earliest. Documents Required Common requirements: Duly Filled in Application Form. Income Particulars, as applicable, along with copies of Updated Bank Statements / Passbooks of each Applicant for the past 6 months. If Property has been identified / already belongs to the Applicant (s) then: Copy of Approved Plan Copies of Title Papers Additional Documentation for Salaried Applicant (s): Copies of Payslips of the Applicant (s) for the past 6 Months till the Month preceding the Month of Application Copy of Appointment Letter / latest Pay Revision Letter, if possible. Copies of Form 16 with copies of ITRs & Computation Statement for latest Assessment Year. Additional Documentation for Self-employed Applicant (s): Copies of last 3 years ITRs with Computation & Personal Financial Statements of the Applicant (s) along with copies of TDS Certificates / Income Tax Paid Challans. Additional Documentation for NRI Applicant (s): Copies of Valid & Attested / Notarised Passport & Visa / Permanent Resident Card. In case of Employment, copy of the Valid Employment Contract. Copies of Updated Bank Statements / Passbooks of Bank Accounts in India as well as the relevant Country, in case of each Applicant for the past 6 months. Additional Documentation for considering Income from Rentals: Copies of latest Municipal Tax Receipt (s) & Title Papers in favour of the Applicant (s). Copy of Lease Agreement (s). Full details regarding TDS & Monthly / Annual outgoings. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. IDFC Tax Advantage (ELSS) Fund 4. ICICI Prudential Long Term Equity Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. DSP BlackRock Tax Saver Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. HDFC TaxSaver Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online 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 in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Reinvestment Investment Option Posted: 26 Oct 2015 04:44 AM PDT   Reinvestment option   1 Investors who do not need a regular income from their bank deposits, mutual funds or bonds can choose a reinvestment option. 2 This option is provided as an auto-renewal facility in bank deposits, dividend reinvestment option in a mutual fund, or accumulation option in a bond. 3 The interest or dividend income is deployed to buy more units of the mutual fund, or added to the principal amount of the bond, on the date it is due for distribution. 4 The bank deposit in renewed at the current rate of interest on the maturity date for the same tenure when it was begun. 5 Reinvestment enables an investment to earn a compounded rate of return, by redeploying the income. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. IDFC Tax Advantage (ELSS) Fund 4. ICICI Prudential Long Term Equity Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. DSP BlackRock Tax Saver Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. HDFC TaxSaver Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online 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 in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

TATA AIG General Insurance Posted: 26 Oct 2015 03:30 AM PDT   TATA AIG General Insurance Co. Ltd. Tata AIG General Insurance Co. Ltd. is a general insurance joint venture between the Tata Group and American International Group, Inc. (AIG). The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the remaining 26 percent.  The company started its operations in India on 22 January 2001, offering general insurance policies for motor, home, accident & health, travel, energy, marine, property and casualty, liability and specialized financial lines. In January 2008, the company's capital base stood at Rs. 700 crore.  Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. IDFC Tax Advantage (ELSS) Fund 4. ICICI Prudential Long Term Equity Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. DSP BlackRock Tax Saver Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. HDFC TaxSaver Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online 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 in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

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