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Tuesday, September 16, 2014

PF Interest Rate for 2015 is 8.75%

 

 

 

The Employee Provident Fund Organisation retained the interest payment on provident fund deposits for 2014-15 at 8.75%, same as the previous year, but decided against investing in equities. These decision were taken at the first meeting of the Central Board of Trustees.

 

"Employees will get interest at the rate of 8.75% in 2014-15," labour minister Narendra Singh Tomar, who is also the chairman of EPFO, told media after the meeting.

The EPFO has about 5 crore subscribers and the decision will have a bearing on their retirement fund.

The decision to retain the interest rate on the provident fund deposits at last year's level was taken despite some pro test by the trade union members of the CBT, sources said. The interest rates for the current fiscal will be notified shortly after the finance ministry endorses it.

 

"The proposed pattern of investment by Ministry of Finance was discussed and deliberated by the Board and the Board was not in favour of investing in equities and Exchange Traded Funds (ETFs)," the EPFO said in a statement.

 

"It was decided to recommend the make the pattern more flexible to further increase the percentage of investment in government securities," it said.

 

The finance ministry has been urging EPFO to invest in equities to enhance returns to subscribers and also open another avenue for funds for capital market.

Retaining the interest rates at last year's level will leave EPFO with a sur Rs 242.6 crore at the current wage plus of ` ceiling of Rs 6,500 per month

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

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    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
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      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

JP Morgan India Corporate Debt Opportunities Fund

 

JP Morgan India Corporate Debt Opportunities Fund

 

JP Morgan Mutual Fund has launched the JP Morgan India Corporate Debt Opportunities Fund, an open-ended fund that will invest in corporate bonds. The fund manager will take an active view on interest-rate movements, liquidity and other macro-economic conditions. The NFO closes on 17 September.

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

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

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

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Rising Stock Markets

 

Rising Stock Markets





A rising market can pose challenges: buying becomes difficult as quality stocks turn expensive, and it is tough to decide whether to hold or sell the stocks you have. Sanjay Kumar Singh helps you make these decisions.

 

1 While buying, pay heed to valuations

If you scan a list of stocks and their valuations, you will find very few trading below their long-term, say, five year, average valuations. If you do find something inexpensive, it is likely to be a small-cap--they carry high risk--or will have a poor track record. With sentiment turning optimistic, analysts' predictions are getting rosier. High earnings growth rates are being predicted on the basis of an economic turnaround. Still, you should be wary of paying too high a price. What if sentiments change for the worse? No one knows how severe the impact will be when the US Fed raises interest-expected to begin next year--on fund flow to India. There are geopolitical risks as well. If you can't find reasonably priced stocks, don't buy.

2 Hold stocks with sound, long-term prospects

As the bull run continues, valuations of many stocks in your portfolio will turn expensive, tempting you to encash your gains. If you are a long-term investor with a horizon of 7-10 years, and the stock's prospects are sound, avoid the temptation to sell if the degree of over-valuation is marginal. Good companies can keep growing their earnings for years. By selling, you will forgo this growth. Besides, you will incur trading costs. If, however, the margin of over-valuation is high compared to historical averages, book your gains gradually. Often, the valuations scaled during one bull run are not touched again for years. Selling will also enable you to rebalance your portfolio. If you sell a quality stock, keep monitoring it and repurchase when its valuation turns reasonable.

3 Sell the laggards

A bull run often lifts all types of stocks, including the ones with relatively weak fundamentals. Some of the stocks that you have picked may turn out to be duds despite the due diligence by you. If you hold stocks that haven't performed up to your expectations, it is likely that their valuations have also risen in the bull run. Make a comparison of all the stocks in your portfolio and rank them in the order of prospects--from best to worst. Use the opportunity offered by the current bull run to weed out the weaklings from your portfolio.

4 Have a mix of cyclicals and defensives

After clocking 4.7% growth in 2013-14, the economy is expected to grow at 5.5% in 2014-15, and at nearly 6.5% in 2015-16. The government is focusing strongly on reviving investment. If inflation moves along the RBI's expected trajectory, there may be room for rate cuts next year. If investment revives, it will be positive for sectors like capital goods, industrials and infrastructure. Rate cuts and income growth will be positive for auto and real estate. So, evaluate the prospects of stocks in these sectors. While focusing on cyclicals, don't ignore the foreign defensive sectors like pharma and IT. Contrary to expectations, pharma stocks have continued to do well in recent months, while the expected turnaround in the earnings of cyclicals hasn't materialised.

5 Avoid these pitfalls

A bull market offers temptation to make easy money, with long-term investors changing overnight into short-term speculators. Instead of sticking to a fundamental-based investment approach, they adopt momentum-based trading strategies without adequate safeguards. In the short run, you may make money, but when the market sentiment turns negative, you may be left holding stocks of dubious quality. Their value may sink and not revive for a long time, if ever. So, stick to the basic tenets of investing: pick stocks with sound growth prospects and high-quality management; pay only a reasonable price for your purchases; and have an investment horizon of five years or more.

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

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

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

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Sundaram Select Micro Cap Series VI NFO - Invest Now

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Leave a missed Call on

94 8300 8300 

 

Sundaram Select Micro Cap Series VI NFO - Invest Now

 

 

 

 

 

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

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

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

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

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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