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Wednesday, January 28, 2015

Invest in Top Tax Saving Mutual Funds for 2015

Below are the Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

 

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

 

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

 

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L&T India Prudence dividend

L&T Mutual Fund has announced dividend under the dividend option of L&T India Prudence-D and L&T India Prudence Direct-D. The quantum of dividend shall be R0.11 per unit.

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

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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Principal Growth Fund - Buy Online

This multi-cap fund's long-term record has been patchy, but there is a sharp improvement in returns, which beat the benchmark and category since 2012. A 3-year trailing return of 26.4 per cent has lifted the fund's rating to 4 stars in the last few months.

Strategy: A distinct tilt towards large-cap stocks (60-65 per cent of assets) as compared to the peers in the last five years--the differential is as high as 10-11 per cent in some months--and a very diversified approach are the key features of this fund. Despite a modest R396 crore assets, the fund owns 65 stocks. The fund tends to invest in companies with superior management quality, distinct and sustainable competitive advantage, good growth prospects and strong financial strength. The fund likes to own companies under-owned by institutional investors. 'As a fund house, we are very target-price oriented and while we do take a long-term view of companies, we are happy booking profits at least in part, if our target prices are achieved with no meaningful revision in fundamentals,' P. V. K. Mohan, the fund manager explained. The improvement in the fund's performance since 2012 coincides with a change in the fund manager.

Performance: This fund's annual returns since 2001 don't appear very impressive, but it has pulled up its socks since 2012 to significantly outperform. An early move into cyclicals has helped returns in the last one year. Its trailing three- and one-year returns beat the benchmark returns by over 9 per cent.

What we don't like: The improvement in returns has been recent and the fund is yet to prove itself in a bear market.

Why invest? The sharp pick-up in returns post-manager change is heartening. But exposures can be kept small and ramped up as the fund builds a track record over an entire market cycle.

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

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Tuesday, January 27, 2015

Use ELSS Option to Save Income Tax Under Section 80C

These schemes also allow investors to take equity exposure at low risk

 

A little over two months remain in the current financial year for you to invest in those financial products that allow you to reduce your tax burden. In the Budget for the current fiscal year, the government has allowed investors to save Rs 50,000 more in a select list of financial products that will cut your total tax burden. Of all the products that are available for saving taxes, financial planners and advisers say that Equity Linked Saving Schemes (ELSS) from mutual fund houses are one of the best that investors should consider, provided their risk profile matches the risks associated with these products.

 

As the name suggests, an ELSS is a mutual fund scheme which invests at least 65% of its corpus in equity and equity linked products to avail of tax benefits for investors. The minimum 65% investment is mandatory for the fund to avail of exemptions under the long-term capital gains tax rules of the Income Tax Act.

As an individual investor, you can invest up to Rs 1.5 lakh each year via the ELSS route to avail of tax benefits under section 80CC of the Income Tax Act. For this, you should also stay invested for at least three years, which is called the lock-in period for these schemes. If you want to withdraw your investments within three years of making the investment, you have to forgo the tax concessions that you had availed of.

 

According to mutual fund industry officials, an ELSS is one of those instruments that are open-ended in structure and, at least for three years, the investment horizon of the investor matches with that of the fund manager. In these schemes, the fund manager is less concerned about the outflow from his fund midway through the investment cycle than in other open-ended schemes from which investors can exit at any point of time. This character of ELSS funds also allows the fund managers to perform better, say industry officials.

 

According to Value Research data, while funds from several other mutual fund categories have given higher returns than the ELSS over a five year period, they carry higher risks. Data shows FMCG funds have given a return of 26.3%, compounded annually, and pharma funds nearly 24%, while ELSS schemes have given a compounded annual return of 13.6%. In comparison, low-risk funds like large-caps have given an average return of 11.1%.

 

Another advantage of these tax-planning funds is that the returns you get are fully tax-free in your hand.

 

Financial planners and advisers pointed out that among the tax-saving instruments notified by the government, ELSS has the shortest lock-in period. Compared to PPF where the lock in is for seven years and notified tax-saving bank FDs are locked in for five years, the lock-in for ELSS is just three years.

In ELSS, you can invest through growth as well as dividend options. However, earlier this month, due to various technical issues related to taxation, the dividend re-investment option has been withdrawn for these funds.

Industry officials and financial planners also point out that since it is preferable to plan your tax-related investments for the full year rather than just for the last three months of the financial year (January-February March, or JFM months in market parlance), it is always better to invest in these schemes through the systematic investment route, commonly known as the SIP route.

There are some risks too.

Since these funds are equity heavy, in case the stock market goes down or is sluggish, the returns on your investments in these funds could also suffer, according to financial planners.

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

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Birla Sun Life Manufacturing Equity Fund

 

Birla Sun Life Mutual Fund has launched the Birla Sun Life Manufacturing Equity Fund, an open-ended fund that will invest predominantly in stocks of manufacturing companies. NFO closes on 27 January.

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

ICICI Prudential Balanced Fund Review

ICICI Prudential Balanced Fund Review


 
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

What is Deflation?

 

1 An economic condition where the average price levels are lower than the price levels witnessed during the previous year as the inflation rate turns negative.

2 The most common cause of deflation is a reduction in spending by companies or individuals leading to low demand for goods and services.

3 Deflation affects the pricing power of companies, erodes profits and forces them to lay off employees, which leads to increased unemployment.

4 Governments and central banks worry about the impact of deflation on employment and wages, and tend to increase spending to encourage demand revival.

5 The problem in many economies is despite keeping the interest rates low and government spending, there is deflation and weak demand.

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

Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now
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