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Showing posts from November, 2012

New KYC Norms for Mutual Funds from December 2012

All Mutual Funds have implemented uniform KYC (Know Your Customer) norms in accordance with the SEBI Circular pertaining to the same. An existing investor who has not submitted the KYC norms shall have to submit the same along with the necessary documents at any of the SEBI registered intermediaries. In Person Verification will be necessary at the time of submission.   The above formalities have to be mandatorily completed by November 30, 2012 before making any new investments.   Happy Investing!! We can help. Call 0 94 8300 8300 (India) 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 in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be u...

UTI MF dividend

UTI Mutual Fund has announced the entire distributable surplus as dividend under the dividend option of UTI fixed income fund interval fund -monthly interval plan II. Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) ICICI Prudential Tax Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest Online Edelweiss ELSS Invest Online ---------------------------------------- Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write ba...

Investing in company FDs

Choose an instrument that carries AA or higher rating THE interest rates on bank fixed deposits (FDs) are falling. While most top banks are offering an interest rate between 7 and 8.75 per cent for deposits below Rs 15 lakh with one-year maturity, company deposits of various housing finance companies (HFCs) and non-banking finance companies ( NBFCs ) on the other hand are offering more than 9 to 10 per cent. For maturity period of two to five years, the company FDs are offering yields of 10.23-13.36 per cent.   Although the return may be high, company FDs are more risky and unsecured (not secured against a collateral), compared with bank FDs. In case a company goes kaput, you will not get your money back. Also, remember that fixed deposits of all banks (including foreign banks, regional rural banks and co-operative banks) are insured up to Rs 1 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC) against default of banks due to liqui...

UNIT LINKED INSURANCE PLANS (ULIPS) - Tax Saving

 Ulips, or marketlinked insurance schemes, are also eligible for deduction under Section 80C. As these schemes provide investors the benefit of both life cover and investment in equity and debt markets, these are highly popular with investors.   Investors would, however, do well to check the premiums charged by these schemes before making an investment decision as most Ulips charge high premiums. Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) ICICI Prudential Tax Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest Online Edelweiss ELSS Invest Online ---------------------------------------- Happy Investin...

LIC Nomura Mutual Fund dividend

LIC Nomura Mutual Fund has announced the entire distributable surplus as dividend under the dividend option of LIC Nomura MF interval fund quarterly plan series 2. Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) ICICI Prudential Tax Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest Online Edelweiss ELSS Invest Online ---------------------------------------- Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com -------------------------------------...

Franklin Templeton Mutual Fund dividend

Franklin Templeton Mutual Fund has announced Rs 0.52 per unit dividend for individuals and HUFs under Franklin templeton fixed tenure fund-series IX-plan B. Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) ICICI Prudential Tax Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest Online Edelweiss ELSS Invest Online ---------------------------------------- Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com --------------------------------------------- ...

Axis MF exit load

  Axis Mutual Fund has announced a change in the exit load of Axis dynamic bond from November 12. A load of 1 per cent will be charged if units are redeemed within six months. Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) ICICI Prudential Tax Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest Online Edelweiss ELSS Invest Online ---------------------------------------- Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [do...
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