Prajna Capital

SBI MAGNUM MIDCAP ONLINE
Savings GOI Bonds
LIC Mutual Fund Dividend

Posted: 29 Jun 2016 04:54 AM PDT

Invest SBI MAGNUM MIDCAP ONLINE

SBI MAGNUM MIDCAP fund didn't fare well in its initial years but, in recent years, has steadily improved its performance under the capable hands of its current fund manager. Although investing predominantly in mid-cap stocks, the average market capitalisation of its portfolio is lower than other category peers.

Although the stock selection approach is mostly bottom-up, the fund manager doesn't shy away from taking bold sector bets, as is reflected in its large exposure to the healthcare sector. She is equally adept at handling performance across market cycles--the fund has captured more of the upside during market upticks and contained the downside during downturns in a better manner than its peers.

Given its superior risk-reward equation, the fund is a worthy pick in its category.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saver Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 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

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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

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Savings GOI Bonds

Posted: 29 Jun 2016 04:18 AM PDT

Savings GOI Bonds

After the cut in small savings rates of post offices and bank deposit rates, investors are on the lookout for alternative products which offer them safety and slightly higher returns. The 8% sav ings bonds offer slightly more than bank deposits and locks your money for six years.

1. Who can apply in 8% Savings GOI Bonds?

You can apply for the 8% Savings (Taxable) Bonds if you are: an Individual, not being a Non-resident Indian in his or her indi vidual capacity or in individual capacity on joint basis or in individual capacity on anyone or survivor ba sis or on behalf of a mi nor as fathermotherle gal guardian even Hindu Undivided Family (HUF) and eligible charitable in stitutions can apply .

2. What interest will I earn from the Bonds?

Investors can choose from cu mulative and non cumulative bond options.

Bonds will bear interest of 8% p.a. and are payable half-yearly. The interest payment dates are February 1 and August 1 for non-cumulative investments. For the cumulative option, the value of the in vestments at the end of 6 years would be `1,601 (being principal and interest) for every `1,000 invested.

Interest on the bonds is taxable under Income Tax Act 1961.

3. What is the minimum and maximum limit for investment in the 8% Savings (Taxable) Bonds?

You need to invest a mini mum of `1,000. However, there is no maximum limit on investment, but it needs to be in denominations of `1,000.The tenure of the bond is 6 years from the date of issue. No interest will accrue after the maturity of the bond.

4. How much tax do I have to pay?

The interest income from the bonds is taxable. TDS is deducted at the time of interest payment as per the prevailing IT rules.

5. In what form are these bonds issued?

Bonds are issued in the form of a Bond Ledger Account in denominations of `1,000. They are issued through SBI, private sector banks like ICICI, HDFC Bank and institutions like Stock Holding Corporation of India. There is a facility to make a nomination in these bonds.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds
Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 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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LIC Mutual Fund Dividend

Posted: 29 Jun 2016 03:08 AM PDT

LIC Mutual Fund Online

LIC Mutual Fund has announced dividend under the following schemes:

Scheme	Dividend (R/unit)
LIC MF MIP-DQ	0.10433118
LIC MF MIP Direct-DQ	0.10433118
LIC MF Bond-DQ	0.10433118
LIC MF Bond Direct-D	0.10433118
LIC MF Govt Sec-D	0.07825019
LIC MF Govt Sec Direct-D	0.07825019