Prajna Capital |
- Birla Sun Life Capital Protection Oriented Fund Series
- Guaranteed Return Insurance Plans
- Dividends in Mutual Funds are Tax Free
| Birla Sun Life Capital Protection Oriented Fund Series Posted: 17 Dec 2015 04:06 AM PST Birla Sun Life Capital Protection Oriented Fund, Series - Invest Online Birla Sun Life Mutual Fund has launched Birla Sun Life Capital Protection Oriented Fund, Series 29. The hybrid scheme will invest in equity and debt securities. The minimum investment is `5,000 and the NFO closes on 7 December.
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 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 | |
| Guaranteed Return Insurance Plans Posted: 17 Dec 2015 03:28 AM PST Guaranteed Return Plans You should buy insurance separately and invest in other products with higher returns, they say The Reserve Bank has cut the benchmark interest rate by 125 bps till now in 2015 and is expected to lower it further. Investors are already feeling the pinch due to the reduction in bank fixed deposit rates and the thought that they will go down further is making them nervous. Insurance companies are using this opportunity to push `guaranteed return' products. How do these plans work? Let's explain this by analysing AEGON Religare Guaranteed Growth Insurance Plan. If a 30-year-old male puts `1 lakh for 8 years to get `10 lakh insurance cover, he will get back 150% of the annual premium (excluding taxes) at the end of every year from the 10th year to the 17th year.While the total investment will be `8 lakh (plus taxes) over the first 8 years, he will get back `12 lakh between 10th year and 17th year. Though the `150% guaranteed return' sounds lucrative, it is not the case because this does not consider the `time value of money'. And if you calculate the annualised returns, it will be only around 4%. What should you do then?
Financial planners suggest you to keep your investments separate from your insurance. You should buy a simple term cover to meet your insurance requirements and look at more remunerative avenues for investment. Since the time frame is very long, investors can consider equity mutual funds if they have the ability to take risk. This way , the final proceeds will also be tax-free in your hands. If you are risk averse, then you should consider Public Provident Fund (PPF).Though the rate may come down in coming years, PPF is offering 8.7% tax-free interest now. Debt MFs are another option worth considering.For example, liquid funds have returned 8.66% in the last five years and 7.57% in the last 10 years. The only glitch is that these returns are taxable as long-term capital gains at 20% after indexation benefit. 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 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 | |
| Dividends in Mutual Funds are Tax Free Posted: 17 Dec 2015 02:17 AM PST It depends up on what is your investment goal. If dividend receipts is your main aim, then dividend option is ok. However, you should remember that dividend from equity funds may not be regular, while there are some types of debt schemes which pay regular dividend.Also you should not go for dividend income from the tax savings angle. Investments of more than one year in equity funds are tax free while that of more than three years in debt funds attract nil or negligible tax.In the long run growth options may deliver higher returns than dividend options. You should also remember that a dividend payout reduces the net asset value (NAV) of a scheme by the extent of the dividend paid. 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 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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