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Monday, December 7, 2015

Prajna Capital

Common Account Number Advantages
What is Risk Profiling?
Top Tax Saver Mutual Funds for 2016

Posted: 07 Dec 2015 02:25 AM PST

Advantages of Common Account Number?

The Common Account Number (CAN) is a reference number issued to MF investors by the new MF Utility platform

The Common Account Number (CAN) is a reference number issued to MF investors by the new MF Utility platform. The platform facilitates consolidation of an investor's holdings across different fund houses into a single statement. It also facilitates transaction in multiple schemes using a common transaction form.

KYC is an one-time activity and you can invest and transact in any AMC once you are KYC complied.

KYC Registration Process

Download KYC form from any of the AMC's website or from transfer agent's website or, visit 'Downloads' section ofhttp://www.cvlindia.com/. Take a print out of the KYC application form for individual (for fresh KYC).
Fill the form as instructed. You need to provide self-attested copies of the following documents and carry originals for in-person verification.

Proof of identity
Proof of Address
PAN Card
Photograph

Submit the duly filled and attested form to either

AMC with which you wish to invest
Registered Transfer Agent such as CAMS, Karvy, Franklin Templeton or Sundaram BNP Paribas Fund Services. Check websites of respective company for the address.

There are no fees for KYC registration.

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

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You can write to us at

PrajnaCapital [at] Gmail [dot] Com

Leave a missed Call on 94 8300 8300

What is Risk Profiling?

Posted: 07 Dec 2015 01:15 AM PST

Risk profiling is a process through which financial planners and advisers try to arrive at the optimal level of risk an investor can take in hisher portfolio. For risk profiling, planners and advisers use various objective and subjective methods, including question jective and subjective methods, including question naire which employ psychometric tools. The three important parts which are consid ered while risk profiling an investor are risk required to achieve an investor's fi nancial goals, the level of risks that an investor can afford to take in hisher portfolio and lastly, a psychological parameter to have an idea about the amount of risk an investor can withstand. As an investor you should have a fair idea about each of the three parts, and they should be realistic. At the same time, your financial planner should be able to help you correct any mismatch about risk and expected return that may creep in when you are investing for your future financial goals.