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Monday, September 26, 2016

Deferred Expenditure

 
 
 


1 When a business entity incurs an expense on an asset, it uses depreciation to allocate the cost to each year of business. Expenses that are similarly apportioned are called deferred expenditure.

2 Expenses on research and development of a new model, or advertisement and promotion of a product are examples of deferred expenditure.

3 Accounting standards require that the expense incurred is carried on the balance sheet as an asset, until it is written down over the years.

4 Normal business practice is to write off the expenses over a few years, rather than over a longer period of time.However, since expenses impact cost and profits, write-down are subject to rules and procedures.

5 If a large expense is incurred and charged to the profits in a single year, it is called an extraordinary expense, or non-recurring expense.

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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

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Medical Allowance vs Medical Reimbursement

 Medical reimbursement up to Rs 15,000 a year is tax exempt whilst this is not the case for medical allowance
 
 Many employees do not clearly understand the components of their salary structure and the tax implications of each. Typically, salary is the combination of basic pay along with various allowances such as house rent, medical, leave travel and others. Different tax rules apply to each component. Not all allowances qualify for tax exemption. And those that do may have an upper limit till which tax exemption is allowed. The tax implication can also differ based on the nature of payment to the employee.
 
 

For instance, both medical allowance and medical reimbursement are meant to be paid against the medical expenses incurred by an employee. However, the two are treated differently when it comes to taxation. Here is how.

 

What is the difference?
If you get a fixed medical allowance as part of your monthly salary, the whole amount you receive in the year will form a part of your taxable salary. In case of medical allowance, the employee does not have to submit any medical bills to the employer to claim her money. While medical allowance is fully taxable, medical reimbursement is tax-free to a certain extent.

What are the different tax rules?
Section 17(2) of the Income-tax Act, 1961, provides that any reimbursement against medical expenses to an employee by an employer up to R15,000 in a year is exempt from tax, irrespective of whether it has been claimed in part or full. However, only the amount for which proper bills are submitted or R15,000, whichever is less, will be considered for exemption.

 

Let's take an example. If A incurs R25,000 as medical expenses, which her employer reimburses against bills, she will still only be able to claim R15,000 of the total amount as exempt from tax. The remaining R10,000 will get added to her salary and taxed according to the applicable income tax slab. Similarly, if she is entitled to claim R25,000 as medical reimbursement but claims only up toR5,000 during the year, she can get tax exemption only on theR5,000; the remaining R20,000 will be taxed.

 

An employee can claim the reimbursement not only for medical expenses incurred for herself but also for spouse, and dependent children and parents. Bills related to purchase of medicines, medical checkups, doctors' fees or medical procedures can be submitted to claim the tax exemption. Moreover, there are no restrictions in terms of the medical system used; it can be allopathy, homeopathy or any other form of treatment. However, there is no upper limit for exemption in the case of reimbursements for medical expenditure incurred at a hospital or clinic maintained by the employer itself, or maintained by the government, local authority or a hospital approved by the government for its employees. Further, reimbursements of medical expenditure incurred at a hospital approved by the chief commissioner of income tax is entirely tax exempt.

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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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Kotak 50 Regular Plan

Invest Kotak 50 Regular Plan Online
 
The scheme seeks capital appreciation, through investments in equities. The fund portfolio would generally comprise of around 50 companies which may go upto 59 companies.
 
A fund which has managed a strong climb in the rankings since 2013, Kotak 50 has improved its performance sharply in this bull market. This has earned it a four-star rating, up from two stars in 2013. The fund owns a portfolio of less than 50 stocks, drawn mainly from the large-cap basket. It invests 80 per cent of its portfolio in the top 100 stocks by market cap, with the rest parked in smaller bets. The investment philosophy is to seek both growth and quality at a reasonable price. This is again a fund that focuses on sector leaders but with a twist. In the downturn of the past few years, the fund has either bet on companies that have invested in assets which could pay off in an economic revival or on companies that have managed costs well and can expand margins when the upturn arrives.

The fund's three-year returns place it good 5.5 percentage points ahead of the benchmark and about 1.8 percentage points ahead of the peers, but its longer record shows a thinner margin of outperformance. The fund's ten-year returns are a shade below 13 per cent, mainly because of the patchy show in the big bull years of 2009, 2012 and 2013. But returns in the last three years have been quite strong. The fund has seen a fair degree of manager shuffle in the last ten years, with the current fund manager at the helm since January 2014.
 
 





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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. Religare Tax Plan

4. DSP BlackRock Tax Saver Fund

5. Franklin India TaxShield

6. ICICI Prudential Long Term Equity Fund

7. IDFC Tax Advantage (ELSS) Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

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

OR

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PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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Axis Long Term Equity

 
 

Large-caps give stability and small-caps add spice to this fund's performance

It's never too early for your tax-saving investments. If you plan to deploy money in an equity linked savings scheme (ELSS) this fiscal, you can start now instead of waiting till February or March. Axis Long Term Equity is among the best choices in this category.

With an annualised return of nearly 28 per cent over the past three years and 20 per cent over the past five years, the fund ranks in the top quartile among peers. It has beaten its benchmark, S&P BSE 200, by a wide margin, with outperformance in the range of 10-13 percentage points over three to five years.

The fund is a very consistent winner — on a daily rolling basis, its annual returns have been better than the benchmark's almost always.

Since its inception in late 2009, the fund has done well across market cycles, rallying strongly during upsides and containing downsides during weak phases of the market. For instance, while the benchmark has lost more than 3 per cent since the January 2015 highs, the fund has gained about 3 per cent.

Axis Long Term Equity maintains high exposure (96 to 98 per cent of the corpus) to equities most times, with the chunk — 75 to 85 per cent of the portfolio — in relatively stable large-cap stocks. Mid-cap and small-cap stocks that make up the rest help provide a kicker to returns during market rallies

. The fund has a growth investing strategy and does not mind paying a premium for quality companies.For instance, the fund's top holdings HDFC Bank and Kotak Mahindra Bank are costlier than most peers but have consistently registered good growth.

Stock appreciation and healthy inflows have made Axis Long Term equity the largest in its category with corpus close to ₹9,000 crore.

This, combined with a buy-and-hold approach that reduces portfolio churn, has helped the fund keep its expense ratio low compared with most peers. In the last year, the fund added just two new stocks to its portfolio and exited three.

The fund's picks in both large-caps and smaller stocks have mostly played out well in the long term.

For instance, stocks such as Bajaj Finance, Eicher Motors and Symphony have been multi-baggers over three to five years.

Timely exits from losers such as Tree House Education & Accessories also helped. The optimism of the fund manager (Jinesh Gopani) in the domestic growth story has manifested in private banks, finance companies and autos being the largest sector holdings.

PSU banks, though, have been a no-no, given the asset quality concerns. The fund also bets selectively on stocks in export-oriented sectors such as pharma and software as a hedge.

-----------------------------------------------
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

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PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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Sunday, September 25, 2016

Birla Sun Life Medium Term Plan

 

BSL Medium Term Plan Online

Over the past few months, the fund has invested in sovereign bonds to guard against the erstwhile credit concerns. Currently the G-Sec holding in the

portfolio has been brought down significantly (~11%) by booking profits. The cash and CBLO holding in the portfolio is ~28%. The surge in the supply of

credits in various spaces like promoter financing space, real estate space, infrastructure projects / cash flow based projects, securitisation space is
expected to provide ample opportunity for the fund to deploy its cash holdings going forward. Currently, the YTM of the portfolio is 9.08% and the modified  duration is 1.98 yrs.
-----------------------------------------------
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

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PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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Friday, September 23, 2016

SBI Equity Savings Fund



Invest SBI Equity Savings Fund Online










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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. Religare Tax Plan

4. DSP BlackRock Tax Saver Fund

5. Franklin India TaxShield

6. ICICI Prudential Long Term Equity Fund

7. IDFC Tax Advantage (ELSS) Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

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

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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Never invest in an MF NFO

Mutual Fund NFO

Instead of an NFO, choose to invest in equity funds that have a long history and proven track record

 

There is no denying that experience counts. The more of the world you've seen, the more you've gone through, the better decisions you can take. This holds true for life, as well as for mutual fund investments. This is the reason why we always advice investors to pick funds that have a long history and proven track record. When the choice is between a new fund and an old fund, it's better to opt for experience.

 

Investors often make the mistake of looking at an NFO like they'd look at an IPO. But the difference between the two is that the price of a stock is based on the supply and demand of it, whereas mutual fund units have an endless supply. The demand of a fund has no impact on its NAV. Units are created as and when required. NFOs are marketing devices; they're used by AMCs to push their assets under management. In previous years, AMCs used to come out with new funds that were identical to the funds that they already had. For what? Just to create a buzz and excitement for something new and attract new investors. Thankfully, SEBI has put a stop to this. It doesn't approve new fund offers if they're identical to the funds that AMC already has.

 

But yet, AMCs tend to devise newer funds and come out with something new every now and then. However, that doesn't mean you should invest in them. For most equity fund investors, a plain vanilla diversified fund is more than ideal. And that too one that has a proven track record. A fund that has been through various market cycles would be best equipped to take advantage of any bull run or protect your investments during a bull phase. In short, experience trumps everything else. Let the newbies earn their stripes, you have enough experienced funds to choose from.

-----------------------------------------------
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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Canara Robeco MF Equities Fund Manger



Canara Robeco Mutual Fund has appointed Mr. Kartik Mehta as the Fund Manager - equities with effect from August 11, 2016. Subsequent to the appointment the changes in fund management responsibilities (with immediate effect) are as follows:

Scheme NameExistingRevised
Canara Robeco Emerging EquitiesRavi GopalakrishnanRavi Gopalakrishnan & Kartik Mehta
Canara Robeco Capital Protection Oriented Fund - Series 6Ravi Gopalakrishnan & Suman PrasadRavi Gopalakrishnan, Kartik Mehta & Suman Prasad



 
 
 
 
 
-----------------------------------------------
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. Religare Tax Plan

4. DSP BlackRock Tax Saver Fund

5. Franklin India TaxShield

6. ICICI Prudential Long Term Equity Fund

7. IDFC Tax Advantage (ELSS) Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

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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