Download Tax Saving Mutual Fund Application Forms
Invest In Tax Saving Mutual Funds Online
Leave a missed Call on
94 8300 8300
As per Finance Act 2014, we wish to inform you that there is a change in the methodology of calculating Dividend Distribution Tax (DDT) for non-equity oriented mutual fund schemes w.e.f. October 1, 2014.
The change is in the DDT calculation methodology; which we have tried to simplify for better understanding.
· DDT rate was being applied on the net dividend payout
· Effective October 1, 2014, as per Finance Act 2014, only DDT rate should be grossed up for deriving the DDT amount. The surcharge and education cess would then be derived from the DDT amount
· Due to the change in DDT calculation methodology , there would be a slight fall in the dividend payout from non-equity oriented mutual fund schemes, on account of higher DDT amount being deducted as shown in the below illustration
Illustration for DDT calculation
| DDT for Individuals/HUF @ 25% | DDT for investors other than Individual/HUF @ 30% | ||
Particulars | Upto Sept 30, 2014 | From Oct 1, 2014 | Upto Sept 30, 2014 | From Oct 1, 2014 |
Net Dividend Paid | 100.000 | 100.000 | 100.000 | 100.000 |
Dividend Distribution Tax | 25.000 | 33.333 | 30.000 | 42.857 |
Dividend Distribution Surcharge @ 10 % | 2.500 | 3.333 | 3.000 | 4.286 |
Dividend Distribution Edu Cess @ 3% | 0.825 | 1.100 | 0.990 | 1.414 |
Total Dividend Distribution Tax to be paid | 28.325 | 37.767 | 33.990 | 48.557 |
Note: The figures given in the above table are for illustration and general information purpose only. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy.
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
Download Mutual Fund Application Forms from all AMCs
Download Mutual Any Fund Application Forms
---------------------------------------------
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Franklin India Bluechip
- ICICI Prudential Top 100 Fund
B. Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Birla Sun Life Front Line Equity Fund
- Franklin India Prima
C. Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Birla Sun Life Dividend Yield Plus
- SBI Emerging Businesses Fund
- HDFC Mid-Cap Opportunities Fund
- ICICI Prudential Discovery Fund
D. Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Franklin India Smaller Companies
E. Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- ICICI Prudential Banking and Financial Services Fund
F. Tax Saver Mutual Funds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
G. Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
- 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