LIC Jeevan Lakshya

HSBC Mutual Fund - Change in Fund Manager

Mr. Jitendra Sriram is moving to another HSBC group company. Hence, he will cease to be the fund manager of these schemes with effect from November 16, 2011. The fund management responsibilities have been realigned as following : Schemes Fund Manangers HSBC Equity Fund Tushar Pradhan HSBC Unique Opportunities Fund Tushar Pradhan HSBC India Opportunities Fund Tushar Pradhan HSBC Dynamic Fund Tushar Pradhan (for equity) & Sanjay Shah (for fixed income) HSBC Tax Saver Equity Fund Aditya Khemani HSBC Progressive Themes Fund Dhiraj Sachdev HSBC MIP - Savings & Regular Plan Aditya Khemani (for equity) and Sanjay Shah & Ruchir Parekh (for fixed income) ----------------------------------------------------------------- Also, know how to buy mutual funds online: Invest in DSP BlackRock Mutual Funds Online Invest in Reliance Mutual Funds Online Invest in...

Templeton India Corporate Bond Opportunities Fund (TICBOF)

Income Fund from Templeton India Templeton India Corporate Bond Opportunities Fund (TICBOF) is an open-end income fund, which seeks to provide regular income and capital appreciation by focussing on corporate securities. The fund manager will invest in corporate securities with an optimal liquidity and credit risk. He will follow an active investment strategy taking defensive/ aggressive postures depending on the opportunities available at various points in time. The minimum amount on application is . 5,000. The NFO closes on November 29. An income fund invests in a mix of corporate bonds as well as government securities. The fund manager has the option to change the maturity profile of the fund based on the interest rate environment. So, in a rising interest rate scenario, the average maturity period of the portfolio is low (typically 1 to 2 years) while in a falling interest rate environment, the average maturity period is high (typically 4 to 5 years). TICBOF will not invest in go...

Gifts to relatives will not attract tax

Tax Saving Mutual Funds Online Current open Infra Bond Application form Gifts are always special to the recipient and it would be extra-special if there is no tax payable on these. The taxman believes so, too. In the provision introduced in Section 56 of the Income Tax Act, if any sum of money is received gratis by an individual or Hindu Undivided Family (HUF) during any year, it shall not be taxable if from a relative. The law has already defined the term 'relative' and HUF. However a case that came up before the Income Tax Tribunal shows that some clarifications were still needed. Background The law also exempts gifts during special occasions like marriage of an individual or under a will or by way of inheritance and even in contemplation of death of the payer. Money received as grants or loans from educational institutions/universities, charitable trusts or similar institutions is also exempt. The term relative has been defined in the law to include spo...

Mistakes Smart Investors avoid

Tax Saving Mutual Funds Online Current open Infra Bond Application form Stay the course in a bear market and think long-term to gain from stock play Stock market was not a great place to be in last year. A host of issues like the euro zone crisis, slowdown in the domestic economy and the policy paralysis spooked investors in 2011. While the broad-based Nifty lost 21% during the year, the CNX Mid Cap lost 32%. Some sectoral indices like the CNX Infrastructure and Bank Nifty were down 39% and 32%, respectively. And things don't look rosy for 2012. Most investment experts believe the stock market is likely to remain subdued this year too. However, these don't mean you (or investors) should stay away from the market, as the market can always spring a surprise. For example, not many people were bullish on the market in 2009, but it gained over 80% that year. That is why it is important that you tread cautiously in the market so that you can reap the...

New FMPs from SBI Mutual Fund

SBI Mutual Fund has launched SBI Debt Fund Series 367 Days - 11 & SBI Debt Fund Series 90 Days - 52. The new fund offer of both the funds will open for subscription between November 15, 2011 and November 22, 2011 for Series 11 and November 28, 2011 for Series 52. The minimum application amount will be Rs. 5000/- and in multiples of Rs. 1/- thereafter. 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...

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Prajna Capital - An Investment Guide

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