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Monday, May 30, 2016

IDBI India Top 100 Equity Fund dividend

Invest IDBI India Top 100 Equity Fund Online
 

IDBI Mutual Fund has announced dividend under the following schemes:

SchemeDividend (R/unit)
IDBI India Top 100 Equity-D1
IDBI India Top 100 Equity Direct-D1
 
 
 
 The record date has been fixed as May 30, 2016.
 
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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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-----------------------------------------------

Parents can help to Save Tax

Save Tax Get Rich
 

If your parents' income is below the basic exemption limit or in a lower tax bracket, while yours is in the higher bracket of 30%, you can earn tax-free income by gifting them money and investing it. The exemption limit for senior citizens (above 60 years) is `3 lakh and for super seniors (above 80 years) it is `5 lakh.

Also, unlike investments in the name of a spouse or a minor child, there is no clubbing of income for parents (in come they earn will not be clubbed with your income and taxed). So, a parent can essentially earn a tax free income of `3 lakh. If they in vest in a tax-saving scheme un der Section 80C, they can earn up to `4.5 lakh a year without paying tax.

INVEST IN THE PPF IN THEIR NAME

If you exhaust your Section 80C limit of `1.5 lakh by investing in other avenues, you can invest in the Public Provident Fund account of your parents and earn tax-free income. The current interest rate for the PPF is 8.1%. In fact, you can deposit `1.5 lakh in each of your parents' names and claim `3 lakh as deduction, which can earn tax-free income.

INVEST IN TAX-FREE BONDS

You could also invest in long-term tax-free bonds in your parents' name. These are for the long term (10, 15, 20 years) and interest income is tax-free. This interest can be invested by the parents in other saving schemes like the Senior Citizen Savings Scheme, which offers 8.6% interest, to lower tax liability.

TRADE IN STOCKS IN PARENTS' NAME

If your parents' income is less than the basic exemption limit of `3 lakh, the short-term capital gains will not attract 15% tax. So you can open a demat account in their name and trade in stocks.

OFFSET CAPITAL LOSSES

If you have incurred long-term capital losses, you could offset them against long-term capital gains by making an off-market transaction. Since it's difficult to find off-market buyers, you could sell the shares to your parents and offset your losses.

PAY THEM RENT AND CLAIM HRA

You could lower tax liability if you are living with your parents and the house is registered in their name. If you are salaried and receive house rent allowance, you could pay them rent and claim tax exemption. Make sure that your parents' income is below the basic exemption limit to avoid raising their tax liability.

HEALTH INSURANCE PREMIUM

If you buy a medical insurance policy for your senior citizen parents and are paying the premium, you can claim an exemption of `30,000 under Section 80D.

MEDICAL TREATMENT DEDUCTION

You can claim `60,000, or amount actually paid, whichever is lesser, as deduction for medical treatment of your parents if they suffer from specified diseases (such as Parkinson's disease, dementia, cancer, etc.) under Section 80DDB.

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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

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

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

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

NPS Changes

 
 


Government employees can henceforth choose from among seven pension fund managers.
 
Government employees who have opted for the National Pension System (NPS) can henceforth choose their own fund manag ers. Till now, government staffers had to choose from three PSU-backed options-- LIC Pension Fund, UTI Retirement Solutions and SBI Pension Fund. The latest move to make the NPS more user-friendly and bring government employees on par with private NPS subscribers will give them access to all seven pension fund managers.These include private sector players HDFC Pension Fund, ICICI Prudential Pension Fund, Kotak Pension Fund and Reliance Capital Pension Fund.
 

However, a number of issues in the scheme remains to be ironed out. To start with, the 15% cap on equity exposure for government NPS subscribers remains. Private sector NPS subscribers, on the other hand, can opt for equity exposure up to a maximum of 50%. It also remains to be seen if the government would consider withdrawing the maximum equity cap of 50% for private subscribers. Many subscribers feel that new employees who are willing to take a higher risk on their portfolio should be allowed to opt for more equity exposure.

 

On the other hand, many EPF subscribers are of the opinion that the compulsory equity exposure of 5-15% imposed on them should be done away with. The argument is that if NPS subscribers are allowed an `ultra safe option' with zero equity exposure, a similar `benefit' should not be denied to EPF subscribers.

 

There is also a need to educate people about the NPS. A recent online survey conducted found that 13.2% of educated Indians were not even aware of the scheme. NPS is the lowest cost pension plan in the world and this low cost structure is its USP. However, the same cost factor is coming in the way of spreading awareness. Since the expense ratio is very low (0.01% the AUM), pension fund managers have not been able to put aside money for increasing awareness.

 

Pension fund managers have also been reporting losses. IDFC Pension Fund Management Company was forced to shut shop and others may also follow suit in coming years. Even if PFRDA allows an increase in expense ratio to 10 bps, NPS will still remain the cheapest pension product.

 

Another hurdle in the path of awareness is the very low commission paid to distributors.For instance, an NPS distributor gets only 25 bps or `20, whichever is higher, for fresh investments. There is no trail commission based on AUM like mutual funds. Here again, there is a need for the PFRDA to consider increasing the commission by maybe a flat 10 bps.

The compulsory annuity clause is another major negative that works against the NPS.

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

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

Wedding GIfts

 
 imggallery
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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

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

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

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

Sunday, May 29, 2016

Best Tax Saver Mutual Funds for 2016

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2016

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. DSP BlackRock Tax Saver Fund

6. Invesco Tax Plan

7. Birla Sun Life Tax Relief 96

8. Tata India Tax Savings Fund

9. Franklin India TaxShield

10. Birla Sun Life Tax Plan 

 

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

Birla SL India GenNext Fund Dividend

Invest Online Birla SL India GenNext Fund
 

Birla Sun Life Mutual Fund has announced dividend under the following schemes:

SchemeDividend (R/unit)
Birla SL Enhanced Arbitrage -D0.07
Birla SL Enhanced Arbitrage Direct-D0.07
Birla SL India GenNext-D1.8
Birla SL India GenNext Direct-D2
 
 
 
 
The record date has been fixed as May 27, 2016.
 
-----------------------------------------------
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

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

Kotak Emerging Equity Fund dividend

Invest Online Kotak Emerging Equity Fund
 

Kotak Mahindra Mutual Fund has announced dividend under the following schemes:

SchemeDividend (R/unit)
Kotak Emerging Equity Reg-D1.3
Kotak Emerging Equity Direct-D1.3
 
The record date has been fixed as May 27, 2016.
 
-----------------------------------------------
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

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

OCI Investing in Mutual Funds

 

OCI investing in mutual funds

 

Overseas Citizens of India (OCI) have equality with Non Resident Indian (NRIs) in all spheres of financial, economic and educational fields, barring the purchase of agricultural or plantation properties

  You can continue to hold and invest in mutual funds. However, you should intimate your bank and mutual funds about your change in citizenship.
-----------------------------------------------
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

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

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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