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

Wednesday, April 26, 2017

What is Credit Risk




 It refers to the risk that a borrower or issuer of a security may not repay the principal of the loan or interest associated with it to the lender.

Credit risks are computed based on factors that impact future cash flows of the borrower or issuer since that defines their ability to repay.

Rating agencies analyse borrowers or issuers in an effort to measure the credit risk of the particular debt security and publish the results as ratings for lenders to read and compare.

If a security has a low rating (BBB or lower), the borrower or issuer has a high risk of default; if it has a high rating (AAA is the highest), it is considered to be a safe investment.

If there is a higher level of perceived credit risk, investors and lenders demand a higher rate of interest for their capital.








Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300



 

Cash transaction charges





Charges are levied by the bank for every cash transaction over and above a limit for free deposits and withdrawals per month.

These charges will only be applicable on cash transactions at branches and ATM withdrawals will not be considered in calculating the number of transactions.


he free transaction limit is different for different banks and is also based on the types of accounts. However, the restrictions are largely aimed at savings bank accounts.


The move is in line with the government's efforts to move towards a cashless society.


The new rule would negatively impact people who make withdrawals for daily or weekly use, or those who frequently transfer money from one city to another to their families.







Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300



 

Professional Loans




Banks and NBFCs both offer special loans for self employed or salaried professionals like doctors, chartered accountants, architects and company secretaries, who are considered professionals.

 Professional Loans fall in the category of unsecured loans as there is no collateral involved.

As the default ratio is very low in this segment, professional loans have lower rates, higher loan amounts and easier processing facilities.

The loan tenor ranges from 1 to 5 years and the loan amount can go up to `30 lakh or even higher, depending on the current income and repaying capacity.

The degree certificate and in most cases a minimum post qualification experience is required to avail of this loan.








Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300



 

Tuesday, April 25, 2017

You can Redeem Liquid Funds Instantly

 




Liquid funds with instant redemption facility offer investors a clear advantage over bank FDs.

Interest rates on bank fixed deposits are likely to fall further because of the surplus liquid ity that's been pumped into the system after the demonetisation exercise. Liquid and ultra short-term funds have emerged as a more viable alternative for parking the excess cash lying in bank savings accounts. These funds offer a much higher yield for investors.

However, while bank fixed deposits (FD) offer instant liquidity to investors, liquid funds, until recently, took at least one business day to return investors' money.This has changed recently, with two prominent fund houses--Reliance Mutual Fund and DSP BlackRock Mutual Fund--offering instant redemption facility on their liquid funds.


Both these ultra-short term schemes, allow investors to withdraw their money any time by placing a redemption request and the money is credited to the investor's bank account instantaneously. Investors can redeem up to 95% of the amount in their account, subject to a maximum of `2 lakh per day. The minimum withdrawal amount is `500 for Reliance Money Manager and `100 for DSP BlackRock Money Manager Fund. While other fund houses are expected to follow suit, the market watchdog, Securities and Exchange Board of India (Sebi), is reportedly exploring the option of making instant withdrawals, subject to certain caps, mandatory for liquid funds.


Reliance mutual fund also offers Any Time Money Card--an ATM cum debit card--which offers easy accessibility to money parked in its liquid schemes through Visa-enabled ATMs. Investors can withdraw upto 50% of their corpus in the scheme, or `50,000 per day, whichever is less. It also doubles up as a debit card, where investors can spend upto 50% of the corpus or `1 lakh, per day. This facility has been extended to investors of Reliance Liquid Fund--treasury and cash plans--and Reliance Money Manager Fund.


The added benefit of easy liquidity makes liquid funds a better alternative to both savings bank account and bank FDs. "With instant redemption facility, liquid funds now carry a distinct advantage over the traditional savings avenues.They are particularly useful for those with a large balance in their savings accounts, which is highly tax inefficient for interest income in excess of `10,000. Even a sweep-in fixed deposit facility--where funds can be transferred between savings bank and fixed deposits--would yield sub-optimal returns compared to Investing money in a liquid fund.


Liquid funds are essentially very low-risk funds, investing in highly liquid money market instruments with a residual maturity of not more than 91 days. As such, the volatility in these instruments is very low. Liquid funds have delivered around 7.6% over the past one year.Since these are debt funds, gains are taxed in accordance with one's income tax slab, if held for less than three years. Assuming a 7.5% return on liquid funds, after-tax returns work out to be 6.8%, 6% and 5.3% respectively for individuals in the 10, 20 and 30% tax bracket. This currently works out higher than the after-tax return from bank fixed deposits.







------------------------------------------
Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact Prajna Capital on 94 8300 8300

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Call us on 94 8300 8300

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

 

Mutual Fund EXIT LOADS AND TAXES



EXIT LOADS AND TAXES



To meet one's short term goals, one could either invest through liquid funds, ultra short term funds or accrual funds. One could also set up an SIP in these funds. Ideally, if the goal is about 6-7 months or less than a year, liquid fund are better, while for goals which are about a year from now, ultra short term funds could be preferred. And if the time left to achieve the financial goal is more than a year, say about one to two years, then one could use an SIP in an accrual fund.

In these funds one does not witness much fluctuation in the interest rate in the market, and hence the rate of return, over the short duration. Also in all these funds the chances of loss of principal amount is very less.In accrual funds the fluctuations in interest rate could be about 1-1.5% over the tenure of the investment.But it could move either ways and could even be in favour of the investor.


Investors investing in these funds, however, should keep in mind two very important things. One is the exit load. If the duration of the investment attracts exit load, that is from the time one starts the SIP to when one withdraws the corpus, then one should look for funds with no exit load for the same duration. The other thing is if there is any expected tax burden on the return that one generates during these 1-2 years of investment.


Know more about Mutual Fund Taxes Click





Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

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

Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300



 

Payment Banks



Payment banks


were introduced by the RBI to widen financial inclusion to small savings account holders, low income households, unorganised sector, migrant workers and small businesses.

NBFCs, corporate business correspondents, mobile phone firms, supermarket chains, public sector entities and others can set up payment banks meeting the minimum capital requirement of rs 100 crore.

Payment banks restrict activities to acceptance of demand deposits, remittance services, Internet banking and other specified services but cannot undertake lending services.

A payment bank can accept only savings and current deposits of up to rs1 lakh per customer. They can issue ATMdebit cards but not credit cards.

They can distribute nonrisk sharing simple financial products like mutual funds and insurance products.






Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300


OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300





Monday, April 24, 2017

Inflation - 3 Factors

Inflation - Have You Considered These 3 Factors?

Inflation - we all are aware of. If not, then wake up. Change in price of goods, commodities and services that we consume is known as inflation. To measure inflation rate there are two indices - Wholesale Price Index (WPI) and Consumer Price Index (CPI). We as retail consumer should be concerned only about CPI.

Average inflation (CPI) in India in last 10 years stands at around 8%. This clearly means that if our money earns a lesser interest than 8% (post tax) then real return on our investment is negative. That again means that we are not even protecting the purchasing power of money, creating wealth is a distant dream then.

But the real threat is that we might have not yet understood the effect of inflation properly. Why am I saying this? 3 reasons are behind this:

  1. The price increase that we experience when we buy goods from neighborhood kirana stores or when we pay school fees of our children or when we admit our parents in nearby nursing homes - is way higher than what the govt. released CPI says.
     
  2. The set of goods, commodities that we buy today are not going to remain same forever. We all aspire for better brands or better qualities of goods as years go by. This means even if inflation rate is not increasing our expenses are still going to reach new highs at every passing year. A family which used to buy Lux last year is using Dove now. And next year - you guess.
     
  3. While same set of goods will see a change in brand or quality, new set of goods and services will also become part of our life. Few years back data charges or rental for wi-fi service was not in our monthly list of expenses, but now it is. You may buy a car sooner if you have not bought yet. That will again push up your regular monthly expenses. Netflix (on-demand movie viewing) has not yet caught our attention in a big way, but who can say tomorrow paying Netflix fees will also be in our list of our monthly expenses!

So you see there are more to it than what meets our eyes. Are you prepared?







-----------------------------------------------
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 2017 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
Related Posts Plugin for WordPress, Blogger...

Popular Posts

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