Saturday, October 31, 2015

Prajna Capital

Prajna Capital


Post Office Interest Rate – FY 2015-16

Posted: 31 Oct 2015 04:03 AM PDT

 

The finance ministry has revised the interest rate for small savings (post office) schemes for the financial year 2015-16. The new rates will come into effect from 1 April 2015.

Interest Table for Post Office Schemes

InstrumentFY-2013-14FY-2014-15Min & Max. Limit
Saving Account4.00%4.00%Rs. 20 for opening
Recurring Deposit (RD)8.30%8.40%Min Rs. 10 per month or any amount multiply by 5
SCSS - Senior Citizen Saving Scheme9.20 %9.20 %Only one Deposit in account in multiply of Rs. 1000 Max Limit 15 Lakh
MIS 5 year8.40%8.40%In Multiply of 1500 Max Limit 4.50 lakh in single a/c & 9.00 lakh in Joint a/c
NSC - 5 Yr8.50 %8.50 %Min Rs. 100 - No max Limit
NSC - 10 Yr8.80 %8.80 %Min Rs. 100 - No max Limit
SCSS - 5 yr9.20 %9.20 %multiply of Rs. 1000 - Max Limit Rs. 15 lakh
Time Deposit - 1 Yr & 2 yr8.20 %8.40 %Min Rs. 200 & in multiply thereof.
Time Deposit 3 Year8.308.40 %Min Rs. 200 & in multiply thereof.
Time Deposit 5 year8.40%8.50 %Min Rs. 200 & in multiply thereof.
PPF - Public Provident Fund8.70 %8.70 %Min Rs. 500 Max Rs. 1 lakh in a financial year
.

Recurring Deposit Account (RD)

Any Individual can open this account.

Part withdrawal facility available.

Premature closer allow after 3 years.

Time Deposit

Post office Time Deposit is Fixed Deposit where you put your money for fixed tenor. The interest is compounded Quarterly and paid annually. Any person can open this account. You can also open joint account, or one in minor child holder.

If deposit is withdrawal after one year from the date of deposit, interest will be calculate 1% less.

Minimum Deposit for this account Rs. 200. There is no maximum limit.

Tax Implication

Investment in 5 year Fixed Deposit qualified for section 80C benefit of the Income Tax Act. Interest that you earn is taxable. i.e. If you invest 50,000 in 5 year FD then you can claim 50000 under 80C. Interest on that Investment is taxable.

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

Mutual Fund e-statement online

Posted: 31 Oct 2015 03:03 AM PDT

Mutual Fund Statement Online
 
Fund HouseRegistrarStatement Link
Axis Mutual FundKarvyLink.
BOI AXAKarvyLink.
Baroda PioneerKarvyLink.
BNP ParibasSundaram BNPLink.
Birla Sun LifeBirlaLink
Canara RobecoKarvyLink.
DSP BlackRockDSP BlackRockLink
Deutsche Asset ManagementKarvyLink.
Edelweiss Asset ManagementKarvyLink.
Escorts Asset ManagementEscorts MutualLink
Franklin TempletonFranklinLink
Goldman SachsKarvyLink.
HDFC Mutual FundHDFC MutualLink
HSBC Asset ManagementHSBCLink
IDBI Asset ManagementKarvyLink.
IL&FS InfraIL & FSLink
India Infoline IIFLIndia InfolineLink
IndiabullsKarvyLink.
ICICI PrudentialICiCi /prudentialLink
IDFCIDFCLink
ING Investment ManagementINGLink
JPMorganJPMorganLink
JM FinancialKarvyLink.
Kotak MahindraKotakLink
L&T Investment ManagementL&TLink
- LIC NOMURAKarvyLink.
Motilal OswalKarvyLink.
Mirae AssetKarvyLink.
Morgan StanleyKarvyLink.
Principal PNBKarvyLink.
PinBridgeKarvyLink
PeerlessKarvyLink.
PPFASPPFASLink
PramericaKarvyLink.
RelianceKarvyLink.
SBISBILink
SundaramSundaramBNP ParibasLink.
TATA Mutual FundTataLink
Union KBCUnion KBCLink
 
Note : Sundaram & BNP Mutual Fund Google Crome Browser not support Use other Browser

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

House Holders Insurance

Posted: 31 Oct 2015 02:08 AM PDT

 

House Holders Insurance - Overview

 

Home insurance, or house-owner/householder insurance as it is also known, is important, and you should purchase one. 

 

Be it a humble hut or a bungalow, rented or owned, it is advisable to insure your house and belongings to guard against unforeseen risks.

 

In addition to protecting your home, the typical home insurance covers your valuable personal property as well. Your personal property could consist of your furniture, clothing, stereo, computer equipment, jewelry etc.
 

 

Your householders' insurance policy provides you with a choice of cover for:

  • The building (structure) of your home, and,
  • The contents or belongings in your home/building

Householders' insurance protects both the structure of a building as well as the belongings in it.

Coverage for natural wear and tear
If you read carefully, insurance companies specifically state that they will not pay for damages caused due to regular wear and tear. Read to know more about coverage.

 

Even if you have purchased the mechanical and electrical breakdown section, the insurance company is not liable to pay for the damages. If you read carefully, insurance companies specifically state that they will not pay for damages caused due to regular wear and tear. The company is liable to pay only for losses or damages arising out of accidental electrical or mechanical breakdown. It will not cover items that are more than 7 to 10 years old and nor will it cover for acts considered willful or due to negligence on your part or the supplier or manufacturer.

Coverage for insured house let out to tenant

 

If you own the building or house, you may purchase the householders' insurance policy for it. In case your tenants want to insure their belongings, they have to purchase a separate policy for their belongings.

 

I live on rent; do I still need home insurance?

If you live on rent, you may not want to purchase insurance for the building. But what about your belongings? The householders' policy covers you for damage or loss of a whole range of household items, such as domestic and electronic appliances.

Can I buy home insurance even if my spouse uses one of the rooms as an office?

No. Homes used for business purposes are not covered under this policy. In such cases, you will need the Merchant Cover Plan to insure your office.

 

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Axis Tax Saver Fund

3.IDFC Tax Advantage (ELSS) Fund

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.BNP Paribas Long Term Equity Fund

9.Reliance Tax Saver (ELSS) Fund

10.HDFC TaxSaver

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

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