Prajna Capital

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• PF Mobile App
• Guide to Health Insurance
• BNP Paribas Equity

PF Mobile App Posted: 16 Dec 2015 04:02 AM PST   Know your PF Balance and Status Online   You can now activate your UAN, know your PF balance and download your passbook via mobile app launched by the Employees' Provident Fund Organisation (EPFO). Earlier, you could Check PF balance on Mobile via SMS only but to make things easier and convenient EPFO has come out with a mobile app enabling EPF members (employees), employer and pensioners to operate and view their EPF account on the move also. In all, three services were launched by EPFO: PF Mobile App (M-Sewa) SMS based UAN Activation Missed Call Service PF Mobile App Getting abreast with the latest technology and in line with the PM Modi's dream of digital India, EPFO has launched the much anticipated mobile App integrating various facilities under one roof. Downloading PF mobile App You have to visit the link:http://search.epfoservices.org:81/EPFOMobileApp/mobileApp_en.php to download the application in .apk format. Remember you will have to turn-on "Allow Installation of apps from unknown sources" under the security settings on your android phone. The mobile app user interface looks like this: You will be given three options to choose your category viz. Member (employees), Pensioner and Employer. For Members (Employees) After clicking on MEMBER tab, two options will be shown on the screen: Activate UAN and Balance/Passbook Activate UAN Before moving on with the UAN activation, you should first know your UAN and for this you have to visit http://uanmembers.epfoservices.in/ and click on the Know your UAN Status blinking on the top left corner as shown below: You will have to fill-in the required details to receive your UAN number on your registered mobile number. Once you get your UAN number, you are required to select office from the drop-down menu, enter establish code, extension (usually 000), your employee number, UAN (received on your mobile) and the registered mobile number in the PF mobile App to activate your UAN. Remember you have to check on the "Declare above details pertain to me and are correct" situated below the UAN activation form. PF Balance and View Passbook After activating UAN, you can check your EPF balance or download Passbook by clicking on the BALANCE/PASSBOOK tab from main menu. The screen looks like below Simply enter you UAN number and registered mobile number and the balance will be displayed on your screen as shown below Further, you can also view your EPF passbook by click on the button "View Passbook" on the balance screen. The passbook will be shown on your mobile screen having carry forward balance from the last fiscal year and monthly contribution of the current fiscal year as shown below. For Pensioners Pensioners can check information about pension disbursement and payment by entering the 13 digit alpha-numeric PPO number and date of birth in ddmmyyyy format in the form shown below. For Employers Employer can check the status of EPF deposit/remittances by entering the 13 digits TRRN (Temporary Return Reference Number) number as shown below SMS Based UAN Activation This facility is useful for those who do not use smartphones. In order to activate UAN through SMS, you have to SMS your 12 digit UAN number to 7738299899 in the following format EPFOHO UAN LAN Where UAN would be your 12 digit number and LAN would be your desired language of information whose codes are English: ENG, Hindi: HIN, Telugu: TEL, Punjabi: PUN, Gujrathi: GUJ, Marathi: MAR, Kannada: KAN, Malyalam: MAL, Tamil: TAM, Bengali: BEN. Members having their UAN activated can also use this service to know the details of their EPF account such as balance, contribution amount etc. Missed Call Service Last sort of getting PF related information is to give a miss call on 01122901406. You would get message containing your PF balance and other account details.   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

Guide to Health Insurance Posted: 16 Dec 2015 03:20 AM PST   There are innumerable examples of people being shocked on seeing a hospital bill at the time of being discharged. It happened to my family last year, where a somewhat complicated procedure ended up costing us more than twice the amount we thought it would. Insurance covered less than a third of the total bill. As a result, the remaining amount was borne by us. (Calculate the amount of health insurance cover you required based on your city of residence). Most of us are fortunate enough not to have anyone in our family get hospitalised for a serious illness. And therefore, the following table might come as a surprise. Given below are potential costs of hospitalisation for certain ailments across leading hospitals in Mumbai (amounts are in Rs Lakh and the highest 1% of bills have been removed). Costs in other cities are not much lower.     Source: Paramount Healthcare Management cost data for 2012-13.   There is a very good chance that you have health insurance from your employer.Compare some of the above costs to how much coverage your current policy covers you for. Most of the time, we assume that serious diseases will never happen to anyone in our family as we are more or less healthy. That would be an incorrect assumption, as diseases like cancer can happen to anyone.  Health care costs have inflated at a double digit rate over the years Further, as you grow older, medical costs will be far higher than they are today (over the last decade these have been inflating at double digit rates per annum). Your company cover will cease to exist when you need it the most – after you retire. At that point, it might be too late to get yourself a new health insurance policy. In a few quick steps BigDecisions walks you through how to ensure you are in control of your family's health: The most important starting point is to understand and see for yourself how much healthcare costs of different ailments in your city cost. If you are a family of two ie. no children the most prominent diseases list will be different from that of a family of four that includes two children. This can be viewed in a matter of seconds. The next step is to then see how much health insurance is adequate for your family. While there is no way to be absolutely certain, we take a conservative approach and assume how adequate is the amount needed, assuming each member of the family might need to be hospitalised once during a year. It is always better to be conservative in such cases than to be sorry. Of equal importance is to get a sense of how much it might cost to get a health insurance amount that is deemed adequate. All of us would love to have lots of insurance but unfortunately, it comes at a cost and each consumer has to make his own decision of how much he can afford to pay. At this stage, you have understood how much is adequate so you are unlikely to go for an amount that is inadequate for your family, even though you might not opt for the highest amount suggested. Post this, the only step is to select a product, which now becomes a lot easier since you have understood your exact need and can now be decided based on: Annual price or premium that you will need to pay. Your comfort with the brand/company and their reputation. Appropriateness of the policy's conditions for you. 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

BNP Paribas Equity Posted: 16 Dec 2015 02:50 AM PST   BNP Paribas Equity - Invest Online   Investors can continue to hold their units in BNP Paribas Equity. The fund has been earnestly building a steady track record over the past 2 years, after witnessing quite a bit of shuffling – in terms of changing hands a couple of times until 2010 and also seeing some scheme mergers with itself in 2011. Its 2-year return at a compounded annual 13.3% is superior to the benchmark CNX Nifty's return, as well as the category average return of 10.5% annually. The Fund and Suitability BNP Paribas Equity was launched in September 2004 by ABN Amro AMC. It collected about Rs 350 crore in its NFO, considered sizeable then. The fund was housed under the ABN Amro stable until 2008, when it changed hands to Fortis AMC. Again in 2010, as a result of changes in the fund's global parent, this fund came in to BNP Paribas AMC's fold. The next year, in July 2011, a few funds within the house, including a sector fund and global fund, were consolidated into BNP Paribas Equity. This also helped beef up the fund's small size to over Rs 100 crore. The fund has since been making a mark in terms of well-calculated sector and stock moves. BNP Paribas Equity is a diversified equity fund with a bias for large-cap stocks. Stocks with a market-cap of over Rs 10,000 crore accounted for about 80% of the fund holding as of August 2013. Still, it takes strategic positions in mid-cap holdings and gains well from active calls in that segment. It has therefore managed to deliver returns higher than typical large-cap focused funds. While the fund's performance has been encouraging, given the changes it has witnessed, its performance record in its latest avatar is only a little over 2 years. Hence, while existing investments can continue in the fund, fresh exposure can be taken after watching its record for at least 1 more year. Performance We have taken a 2-year time period to assess the fund's performance, given the changes it underwent before that. On a rolling 1-year return basis, the fund managed to beat its benchmark CNX Nifty a good 92% of the times in the last 2 years. Notably, whenever the Nifty delivered negative 1-year returns, the fund managed to contain downsides better than the Nifty on all such occasions, suggesting that the fund coped with bear markets well. It did not do this by going in to high cash levels. It held over 93% in equities almost on all occasions, including the down markets in 2011 and in the volatility in 2013 thus far. In the last 1 year, the fund has beaten diversified funds such as Canara Robeco Equity Diversified, Mirae Asset India Opportunities as well as more large-cap focused funds such as ICICI Pru Focused Bluechip. Its timely move in to the IT sector appears to be a key reason behind its recent success; besides profits in choice mid-cap picks. Portfolio BNP Paribas Equity has been fairly aggressive in churning its portfolio. Such active moves did the fund good in the volatile market of the last few years. The fund benefited well from the FMCG and pharma sectors in the down market of 2011. While it did hold on to FMCG in 2012, it upped exposure to the banking space, benefiting from the rally that ensued.  By early 2013, although banking remained its top sector, it was already paring exposure in this sector and instead, began accumulating software stocks. It also took some tactical calls in telecom. Meanwhile, it reduced exposure to the FMCG space. These sector moves were all well-timed. Mid-cap picks such as Repco Home Finance, Idea Cellular, Vardhaman Textiles and more recently, Sobha Developers have all delivered well for the fund this year. The fund is managed by Shreyash Devalker. It had Rs 128 crore of Assets Under Management as of September 2013. 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 Download Mutual Any Fund Application Forms 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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