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- PAN card is not mandatory for Inveting in Mutual Funds when.....
- HDFC Fixed Maturity Plan roll over
- Saving For Child Education
| PAN card is not mandatory for Inveting in Mutual Funds when..... Posted: 10 Dec 2014 04:07 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
A PAN card is mandatory to apply for the above KYC except in the following cases: · In case of transactions undertaken on behalf of Central Government, State Government and officials appointed by Courts e.g. Official liquidator, Court receiver. · Investors residing in the state of Sikkim. · UN entities/multilateral agencies exempt from paying taxes/filing tax returns in India. · Systematic Investment Plan (SIP), where aggregate of instalments in a rolling 12 month period or in a financial year i.e. April to March does not exceed R50,000.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF             |
| HDFC Fixed Maturity Plan roll over Posted: 10 Dec 2014 03:22 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
HDFC Fixed Maturity Plan roll over
HDFC Mutual Fund has decided to roll over HDFC Fixed Maturity Plan 372D December 2013 (1) for 743 days. The scheme will now mature on January 11, 2017 against the previous December 30, 2014.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF      |
| Posted: 10 Dec 2014 12:28 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Saving For Child Education
Not just higher studies & professional courses, schooling costs are rising rapidly too
There was a time when parents hardly planned in advance about how to meet the costs of their children's education, but saved some money for their wedding. Now, thanks mainly to the rising costs of education and competition, parents plan for their children's education.
Till a few years ago, parents thought about meeting the costs of higher education. A new trend is emerging now. Financial planners advise new parents to start accumulating funds for meeting their children's education right from their primary school years
Even at the primary level the cost of education is much higher than what it was just a few years ago, and so for parents it always helps to plan early and lessen the financial burden.
For example, a doctor in Navi Mumbai recently found that the entire cost that his father had to undertake for his five years of medical school is almost the same what he and his wife were paying for their five-year old child's one year of education at a good school in their neighbourhood. This is because the rate of inflation for educational costs is much higher than the consumer inflation rate that the government publishes every month, financial planners and advisers say. Compared to an average CPI rate of 7.6% per annum for the last 10 years, cost of education in India has increased by at least 10% per annum during the comparable period, they estimate. The holds true for wedding costs. With lifestyle factors and the need to show off prevalent even more in today's India, the cost escalation of weddings is probably even higher, they say.
So the question is how parents should approach to meet these costs. Start saving as early as possible, preferably soon after the child is born. If you start early, per month you can save less and still meet your target corpus. In comparison more the delay, less bandwidth you have to meet the expenses for your child's education and wedding. Depending upon your future requirement and present income, either you yourself can set a target corpus and invest accordingly or seek professional help for a fee.
After you have set the target and put in the investments, the second important thing is to cover yourself adequately . When you are planning for your child's education and marriage, usually the time horizon is 1520 years or more during which your life's risks would go up. So you should take sufficient cover so that in case anything happens to you, your child will at least be financially secured for his education.
The third important thing to include while putting in place a financial plan for child's education and wedding is to have a health cover for the family as a whole. You should include the child in the health cover because during the initial years the child is more vulnerable to health issues.
Financial planners and advisers say that given the long tenure for which parents are required to save for these two purposes, it is advisable to use the systematic investment plan (SIP) route in equity mutual funds. You are taking a view for 15,20,25 years. It's better to be in equities. Start when your child is born and keep a discipline. Remember that even a delay by a few years can set you back substantially.
On the issue of planning for the child's wedding, financial planners say that with families becoming more and more nuclear compared to the joint family structure earlier that took care of part of such expenses, parents need to think more seriously about that too. However, on the positive side, they also pointed out that with young people becoming more independent, increasingly they themselves are deciding on their own wedding and so this is coming out of the domain of the parents. For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF     |
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