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Monday, November 30, 2015

KYC under FATCA CRS

 KYC under FATCACRS

Effective November 1, 2015, all new investors who wish to purchase units of mutual funds have to provide additional KYC related information required for Foreign Account Tax Compliance Act (FATCA) CRS compliance. From January 1, 2016 even existing investors who wish to make fresh purchases, need to complete the additional KYC requirements.

Form

`Supplementary KYC, FATCA, CRS selfcertification form' needs to be filled by the investors to comply with the additional KYC requirement. This form is available on mutual fund or Registrar's websites and is available at investor service centres of AMCs.

Information

The form requires an individual to provide information about hisher country and place of birth, occupation, income details, net worth, whether he is a politically exposed person, tax residency status and tax identification number. If the investor is a tax resident of that country, details about the taxpayer identification number and the name of the country also needs to be provided.

Documents

If PAN has not been provided, permissible documents include passport, election ID card, Aadhaar card, driving license, NREGA or a government ID card. In case tax-payer identification document is not available, an explanation needs to be attached.

Physical submission

The said form, duly signed by the investor, along with necessary documents, may be submitted at any AMC branch or investor service centre.

Online submission

R&T agents offer facility of filling up an online form. PAN needs to be submitted to generate form and OTP is sent to registered email ID and mobile number.

 

The form needs to be filled up by all joint holders, guardian of a minor as well as power of attorney holder.

This information is required to be provided by all individual investors, irrespective of whether they are residents of India or not.

Non-individual investors are required to submit a separate form providing ultimate beneficial owner (UBO) information on similar lines.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

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

Axis Mutual Fund DoYourHomework

Axis Mutual Fund has launched the platform #DoYourHomework to show parents how to plan their children's education. The module enables parents to find out education costs for various careers across countries both at present and in the future, and also suggests the ideal amount to invest to meet the requirements.
 

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

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

Canara HSBC Oriental Bank of Commerce Life Insurance Smart Future Plan

Canara HSBC Oriental Bank of Commerce Life Insurance Smart Future Plan
 
Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd has launched Smart Future Plan, to help customers secure their children's future financial needs. You can choose from 5 investment funds ranging from 0% to 100% equity exposure and a Safety Switch option to safeguard returns.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

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

ICICI PRU LONG TERM EQUITY - A ELSS Fund

ICICI PRUDENTIAL LONG TERM EQUITY FUND- Invest Online
 
A ELSS Fund
 
The hallmark of this equity-linked savings scheme is its consistent outperformance. Even though the fund has struggled over the past year, it has a stellar long-term track record. Like most of its category peers, it straddles all market capitalisations and shifts allocation according to changes in their relative valuations.The fund manager adopts an uncon strained, benchmark-agnostic approach in executing the fund's strategy. Although the fund is not known for scorching the performance charts, it has managed to contain the downside well. On the flip side, the fund manager tends to churn the portfolio aggressively. Investors can, however, opt for this fund because of its proven track record.
 

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

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

L&T India Prudence dividend

 
L&T India Prudence-DM0.11
L&T India Prudence Direct-DM0.11
SchemeDividend (R/unit)

The record date has been fixed as November 24, 2015.

 

Also, with effect from November 20, 2015 under the existing open-ended schemes of the Fund, transfers under STP of only fixed sums can also be made on a daily basis i.e. Monday to Friday.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

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

Pre-paid Gift Cards

 
Pre-paid gift cards


1 Banks offer prepaid gift cards to let buyers pay for gifts which can be bought later by a beneficiary with greater flexibility.

2 A gift card can be ordered in favour of a specific person, valid for a specific period (typically one year) and loaded with a prespecified sum (Usually `500 to `50,000).

3 The card gets delivered to the beneficiary, who can use it to shop at merchant outlets until the preloaded amount is exhausted.

4 Pre-paid gift cardholders can check the balance on their cards at ATMs and also call the bank's customer service to find out how much remains unspent.

5 Gift cards can be ordered online using Internet banking facilities, and delivered by the bank to the beneficiary.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

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

ICICI Bank Canada Student Guaranteed Investment Certificate (GIC)

ICICI Bank Canada has announced the Student Guaranteed Investment Certifi cate (GIC) program. Students applying for a study permit in Canada are required to invest in a GIC of C$10,000 with a bank in that country. The scheme enables Indian students to transfer funds from any bank account in India to their ICICI Bank Canada account. The money is paid back to the student in 12 instalments along with interest.
 

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

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

Bharti AXA Life Insurance Invest Once

Bharti AXA Life Insurance has launched Invest Once, a single premium traditional plan. The product, available online, provides guaranteed additions of up to 9% interest. The target policyholder is one in the 25-35 year age bracket. There are two policy term options of 5 years or 10 years. The minimum annual base premium is `5,000.
 

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

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

DHFL Pramerica Tax Savings Fund

DHFL Pramerica Mutual Fund has launched DHFL Pramerica Tax Savings Fund. The scheme will invest in equity & equity related instruments. The minimum investment is `500 and the NFO closes on 4 December.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

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