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Friday, February 27, 2015

Franklin India Multi Asset Solution Fund Manager Change

Franklin Templeton Mutual Fund has changed the fund manager of Franklin India Multi Asset Solution Fund from Peeyush Mittal to Anand Radhakrishnan with effect from February 27, 2015.


 
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in 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

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Canara Robeco Indian Opportunities – Series 2 NFO

 Canara Robeco Indian Opportunities – Series 2 NFO will be opening for subscription from 02nd Mar 2015 to 16th Mar 2015. The key features of the scheme are as mentioned below:

Type of Scheme

A Close Ended Equity Scheme

Benchmark

CNX Mid cap

Fund Manager

Mr. Ravi Gopalakrishnan & Mr. Krishna Sangavi

New Fund Offer (NFO) Period

02ndFeb 2015 to 16th Mar 2015.

Minimum Application Amount

Rs. 5000 and in Multiples of Rs.10 thereafter

Plans/ Options Offered

Regular - Growth & Dividend Payout Facility

Direct Plan - Growth & Dividend Payout Facility

Liquidity

To be listed


 
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in 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 Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

HNIs Invest in Ultra Short Term MFs

 

Ultra short-term bond schemes by mutual funds are in vogue among savvy investors these days as firming money market rates due to tight liquidity have boosted returns. This category has given an annualised return of 8.4% over the last fortnight, and fund managers expect rates to firm up over the next few days.
 
HNIs looking to optimise returns and avoid volatility around the Budget are using ultra short-term funds.
 

Over the last fortnight, 1-year certificate of deposit (CD) rates have risen 30 basis points to around 8.85%.Wealth managers said rich investors who partly booked profits in equities before the Union Budget this Saturday are parking their money in these ultra short term bond schemes.

According to fund managers, money market rates typically peak out in February and March, and then come down in the new financial year as liquidity improves. Corporates and individuals withdraw funds to pay year-end taxes that lower liquidity, leading to a spurt in short-term rates.

Given the duration of the fund, investors could earn anywhere between 9-11%, for a timeframe of 45 days to 90 days.

As the year ends and the new financial year sets in, liquidity will improve as government spending will set in the new financial year. In addition, demand for credit during first quarter of the financial year is low and deposit growth outpaces credit growth. This helps in easing system liquidity during this period.

Ultra short-term funds will generate higher accrual income from elevated money market rates and also generate capital appreciation once money market rates start falling, said fund managers The government is running huge surplus in its account with RBI. The surplus will only shore up further owing to government raising over Rs 250 billion (cash inflow as part payment) through spectrum auctions, stake sales of PSUs and advance tax collections in March. On the other hand the government will curtail spending to keep fiscal deficit in check at 4.1% of GDP given that deficit has already crossed 100% of budget as of December 2014.


 
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in 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 Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

What do with Employer Insurance Riders



Most salaried individuals believe that their employers' group health insurance is adequate. If you are among them, you could be wrong. Companies across sectors are cutting down on the range of benefits that they are providing their employees. According to insurance broking firm Marsh India, over 70% of employers surveyed in 2013 had modified their health plans between 2011 and 2012 to manage the rising healthcare costs. The changes included partial or full withdrawal of parental coverage, imposition of rent restrictions and cost sharing with employees on claims. Industry watchers believe that the trend is likely to continue this year. Parents' policies are slowly moving from an employer-funded to an employee-funded model. This trend is likely to continue and expand to more organisations.

Maximise Protection

Now that the benefit of covering your senior-citizen parents may be done away with, how can you bridge the gap? An independent cover will help you during a job switch and make up for any shortfall in coverage. "Before putting in one's papers, the employee should enforce the portability provision and get his parents ported to a retail policy with the same insurer.

To boost your protection, you could buy an indemnity-based regular health insurance, a fixed benefit policy or a top-up plan. The combination would depend on your age, city of residence, preferences, risk appetite and, of course, affordability. For employees over 45 years old, it is advisable to go for an indemnity cover. They can carry on with this cover even after retirement. According to insurance advisers, a family of four (a couple and two children), living in a metropolis, requires a minimum cover of `10 lakh. If you need a larger cover, you can opt for an indemnity based cover of `5 lakh and a top-up plan for the balance.

Under a regular health policy, several expenses are not covered. For instance, an attendant's commuting expenses. Defined plans promise to hand out a pre-determined amount, irrespective of the actual expenses incurred when a claim is made.

Daily cash variants have to be purchased in addition to reimbursement covers. If your cash plan pays, say , `1,000-3,000 per day , it is barely going to cover the room rent


 
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in 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 Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

EGON Religare Life Insurance

EGON Religare Life Insurance
 
 
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URL's
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in 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 Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Sundaram Income Plus exit load

 
 Sundaram Mutual Fund has revised the exit load of the following schemes:
 
Scheme NameExisting exit loadRevised exit load
Sundaram Income Plus2 % if redeemed within 1 year
1.50 % if redeemed between 1 year-1.5 years
Nil
Sundaram MIP-Aggressive Plan2% if redeemed within 12 months
1.50% if redeemed between 12 months-18 months
1% if redeemed between 18 months-24 months
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in 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 Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Thursday, February 26, 2015

BNP Paribas Long Term Equity Fund

A ELSS Fund

The scheme aims to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent from time to time.

The fund was rated five stars for the first time in October 2013. Since then, it has been rated five stars in the last ten out of 13 months. The fund turned around in 2010 after struggling in its initial years. It posted its highest returns in 2011 when it beat its benchmark by 12 per cent. The better performance coincides with the change in the management in the same year. The fund has outperformed the benchmark by 7 per cent in the three- and five-year periods. Among the top five performers in the five-year period, the fund has performed well in both bear and bull phases in the last few years.

It is biased towards large-cap stocks in its portfolio and its exposure to mid-cap stocks is lower than its peers'. Currently, the fund is overweight on stocks in sectors such as communications, services, financials and engineering as compared to its benchmark. The fund believes that companies make money for investors and it picks companies based on its investment philosophy of 'BMV': book value, management and valuations.

The fund is currently betting on private sector banks, telecom and cement. The fund is also investing in some companies in the oil and gas sector as well as in the consumers of crude derivatives as it believes that falling commodity prices, especially crude, will benefit them. It is underweight on mining, metals and FMCG sectors. This tiny fund (it manages only around R300 crore) is suitable for investors with a moderate risk appetite.


Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in 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 Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

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