Prajna Capital - An Investment Guide

  Benefits of Investing Online:   ·                            You can purchase, redeem and order any transactions online. ·                            There is no need for you to contact the broker or any intermediate person for the transaction. ·                            You can view all the portfolio details of your folios online. ·                            You can generate Account Statements; view the past transactions and any other details. ·                            You can update your personal details online. ·                              How to Invest?   As a first time investor, you have to understand the procedures and initial steps to invest online in DSP Blackrock Mutual Fund. Guidelines for investing are available in: Invest Online - https://dspbronline.com/iol_login.aspx?distcode=ARN-74461 https://dspbronline.com/iol_purchaserequestwop.aspx?distcode=ARN-74461   Refer below for more info……. http://prajnacapital.blogspot.com/2011/05/buying-dsp...

How many of you have received a call from an insurance company or an agent trying to sell you a policy? I am sure that every professional in their 20s or early 30s would have received such a call. But have you ever stopped and thought whether you have adequate insurance cover, especially if you are a young working professional with financial liabilities? In most cases, I would assume the answer is a big 'No'. Insurance in the early years of professional life may sound a waste of money when other lifestyle and personal expenses take priority. Young professionals today, anywhere in their 20s or early 30s, are financially independent. Many man age their own finances and investments like paying off education loans, buying own cars and investing in property – mostly first homes. The last decade has also seen a major shift in the lifestyle of young professionals with more working hours, higher stress levels and an alarming rise of related lifestyle diseases like diabetes, obesity ...

  WORLDWIDE Exchange Traded Funds ( ETFs ) are gaining in popularity and their numbers as well as assets under management have risen significantly in recent years. The situation in India is a bit different as these funds have failed to make the kind of impression amongst investors that was expected. There is a need to look at the offerings available in this space in terms of its actual benefits to consider the type of investment possible in this area. Here is a look at this category of funds from this perspective. Nature: The nature of ETFs is such that they are mutual funds but they also have the features of a stock. These features refer to it being listed on the stock exchanges so being available for trade at various points of time during the day and at various prices instead of a single price dependent upon the net asset value at the end of the day like a normal mutual fund. These funds are mostly in the nature of an index fund or they follow the price of an asset so there i...

   With just two weeks left to file the income tax returns, many taxpayers are busy making their final calculations, visiting their tax consultant and filling up the returns form. Before filing the tax forms, you need to deposit the balance tax due and interest, if any. This amount is based on your tax liability for the year, after taking into account advance tax paid and tax deducted at source.    Of late, the scope of tax deduction at source has been increased and includes salary, rent, interest, professional services etc. So, while preparing the tax returns and calculating the tax liability, you should take into account the tax amount already deducted on your behalf. Now, an easy way to do this is to refer to the 26AS statement. This statement is accessible on the NSDL site and is also available online on the websites of many banks.    According to a recent advice issued by the Income Tax Department, taxpayers should review their 26AS statements to check whether all the TDS dedu...

The two main costs incurred are: 1) Expense Ratio: Annual expenses involved in running the mutual fund include administrative costs, management salary, overheads etc. Expense Ratio is the percentage of assets that go towards these expenses. Every time the fund manager churns his portfolio, he pays a brokerage fee, which is ultimately borne by investors in the form of an Expense Ratio. Therefore, higher churning not only leads to higher risk but also higher cost for the investor.   2) Exit Load: Due to SEBI's recent ban on entry loads, investors now have only exit loads to worry about. An exit load is charged to investors when they sell units of a mutual fund within a particular tenure; most funds charge if the units are sold before a year. As exit load is a fraction of the NAV, it eats into your investment.   Try investing in a fund with a low expense ratio and stay invested in them for longer duration. -----------------------------------------------------------------  ...

Currently there is an increasing awareness about the importance of a credit score and the impact it has on any loan who wish to opt for in future! If you are one of those individuals who plan to take a home loan a few years down the line and do not have a credit score at all, then it is time to thought of  starting a credit score record, which will benefit you in the long run. What does a score look like and what is a good score? A credit score is generally a three digit number within the range of 300 and 900. Higher the score the better it is. This score will reflect information from several lenders and across various loans. What information does a credit report contain? Apart from containing all personal identification information the credit report records your repayment history if any in the case of a loan or a credit card. Your credit card can be the single most important factor in improving and increasing your credit score. On the other hand it can also plummet your score ...

SBI Mutual Fund has announced the launch of new fund offers (NFOs) of SBI Debt Fund Series 367 Days –9 & SBI Debt Fund Series 90 Days–51. Both the schemes will be open for subscription on November 1 and November 2 for series 9 and Series 51, respectively. The minimum investment amount will be Rs. 5000 and in multiples of Rs. 10 for both the schemes. The schemes will have growth as well as dividend option. They will be listed on Bombay Stock Exchange   -----------------------------------------------------------------   Also, know how to buy mutual funds online:   Invest in DSP BlackRock Mutual Funds Online   Invest in Reliance Mutual Funds Online   Invest in HDFC Mutual Funds Online   Invest in Sundaram Mutual Funds Online   Invest in Birla Sunlife Mutual Funds Online   Invest in IDFC Mutual Funds Online   Invest in UTI Mutual Funds Online    Invest in SBI Mutual Funds Online   Invest in L&T Mutual Funds Online   Invest in Edelweiss Mutual F...

We are happy to introduce the online investment facility in Birla Sunlife Mutual Fund. This would help you to invest your funds through "Click of a Mouse". The Step by Step demo for investing online is available to guide you to invest Online. You can click the URL for viewing the following Demo. Demo: Step 1: Online Account Access – Registration: This demo helps you to Register for Online Access. Click here to view the demo …. Step 2: Online Access – Demo: This demo will help you to see the demo of "Online Access" and how to make online transactions using the Online Access. Click here to view the demo …. Step 3: Invest Online: You can start investing online by clicking the following link. Once you start investing online, it would save you a lot of time and would help you to simplify your tasks. https://www.birlasunlife.com/Mutual_Fund/Mybsfs/Investor/Login.aspx Refer below for more info….. http://prajnacapital.blogspot.com/2011/06/buying-birla-sunl...

Deregulation of savings account rate would result in new types of accounts with different features and varying interest rates     The talk of deregulation of interest rates on saving bank accounts is creating a buzz among bank customers. Obviously, since almost everyone has a savings bank account with a sizeable amount of money lying idle in it. Sure, the Reserve Bank of India's recent increase of rates on savings account to 4% from 3.5% is pumping up imagination of depositors who believe that they stand to gain the most when the banking regulator deregulates the savings account rate. However, according to banking officials, it need not be the case. True, most bankers don't think the time has not come to resort to deregulation of rates. However, even those who are ready to go along believe that it would lead to more product innovation in the industry.    It is a significant move. Currently, the savings and current account rates are the only two deposit rates regulated by t...

  Benefits of Investing Online:   ·                            You can purchase, redeem and order any transactions online. ·                            There is no need for you to contact the broker or any intermediate person for the transaction. ·                            You can view all the portfolio details of your folios online. ·                            You can generate Account Statements; view the past transactions and any other details. ·                            You can update your personal details online.   Transact Online: http://www.edelweissmf.com/UI/Investor/Transaction/SchemeSelect.aspx?Agent=ARN-74461     Refer below for more Info…… http://prajnacapital.blogspot.com/2011/06/buying-edelweiss-mutual-funds-online.html   -----------------------------------------------------------------   Also, know how to buy mutual funds online:   Invest in DSP BlackRock Mutual Funds Online   Invest in Reliance Mutual Funds Online   Invest in HDFC M...

THOSE looking to save tax should take note of the latest buzz in the debt markets. Power Finance Corporation ( PFC ) and Housing Urban Development Corporation (Hudco) have launched bonds that will help you save more tax than your regular infrastructure bonds. Soon, IRFC and NHAI are likely to follow suit with similar bonds. KP Jeewan, general manager, debt markets, Karvy Stock Broking, says: "The coupon in these bonds are completely tax-free and those in the highest tax bracket can expect an effective yield of 10.75 per cent, compared to the 9.5 per cent a 10-year public sector bond would offer." The PFC and Hudco offerings are of 10- and 15-year tenures, with coupon rates of 7.5 and 7.75 per cent, respectively. Unlike other regular tax-free infra bonds, the tax benefits in these bonds are not capped at ` 20,000. Even besides these tax free bonds, those in the highest tax bracket have had plenty of opportunities to invest in tax saving infrastructure bonds under 80 CCF i...

  Principal Mutual Fund has announced the change in the name of Principal Monthly Income Plan and Principal Money Manager Fund as Principal Debt Savings Fund and Principal Retail Money Manager Fund, respectively.   The exit load will be revised for Principal Debt Savings Fund as 0.50% if redeemed on or before 91 days from the date of allotment.   -----------------------------------------------------------------   Also, know how to buy mutual funds online:   Invest in DSP BlackRock Mutual Funds Online   Invest in Reliance Mutual Funds Online   Invest in HDFC Mutual Funds Online   Invest in Sundaram Mutual Funds Online   Invest in Birla Sunlife Mutual Funds Online   Invest in IDFC Mutual Funds Online   Invest in UTI Mutual Funds Online    Invest in SBI Mutual Funds Online   Invest in L&T Mutual Funds Online   Invest in Edelweiss Mutual Funds Online