Prajna Capital - An Investment Guide

Invest in Mutual Fund ELSS SIPs Online   In our previous articles, How Mutual Fund SIPs have created wealth over the last 15 years: Large Cap and Diversified Equity and Mutual Fund SIPs have created wealth over the last 10 years: Small and Midcap funds , we had discussed how Systematic Investment Plans (SIPs) in good large cap , diversified equity and small & midcap funds have created wealth for the investors. In this article, we will discuss how Equity Linked Savings Schemes have created wealth for the investors in the last 12 years. Equity Linked Savings Schemes (ELSS ) offer twin benefits of wealth creation and tax savings under Section 80C of the Income Tax Act. Investment in ELSS of up to Rs 1 lakh each year is eligible for deduction from your taxable income when assessing your income tax obligation for the year. From a fund portfolio perspective, an ELSS is essentially a diversified equit...

Invest HDFC Top 200 Fund Online   Dividend declaration in  HDFC Multiple Yield Fund - Plan 2005 and HDFC Top 200 Fund. Record Date : Thursday, March 03, 2016   Name of the Scheme / Plan/Option Amt of Dividend ( Rs / unit) # Dividend Rate Fave Value Record Date NAV as on Feb 25, 2016 ( Rs / Unit) Dividend Yield HDFC Multiple Yield Fund - Plan 2005 -   Dividend* 0.72 7.20% 10.00 Thursday, March 03, 2016 11.761 6.14% HDFC Multiple Yield Fund - Plan 2005 - Direct -   Dividend* 12.4081 5.82% HDFC Top 200 Fund - Dividend 3.50 35.00% 10.00 39.582 8.84% HDFC Top 200 Fund - Direct -Dividend 40.418 8.66% # The Dividend will be subject to the availability of distributable surplus and may be lower, depending on the distributable surplus available on the record date. * Dividend amount mentioned is applicable for Individuals and HUF, For other it is 0.6692/unit. ----------------------------------------------- ...

Invest Reliance Regular Savings Fund – Debt Option Online  The Reliance Regular Savings Fund – Debt Option is a low duration, credit opportunities Fund which may be ideal for investors seeking relatively higher returns than traditional fixed income investments such as FDs, and is capable of generating higher post-tax returns . Analysis of 3 years average rolling return shows that the fund has generated nearly 3% return per annum (nearly 10% additional return on the original investment over a period of 3 years). i.e., On an investment of Rs. 10 Lakhs, the additional return has been nearly Rs. 1 Lakh over 3 year time periods.     ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saving Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India...

  The finance minister Arun Jaitley announced an additional five per cent tax on all taxable services under the new Krishi Kalyan Tax aimed at benefiting the farming community. This tax will be over and above the service tax already levied on services. However, the finance minister did not explain the channel or area for usage of the corpus collected under this scheme.     ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saving Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) Fund 9. Religare Tax Plan 10. Birla Sun Life Tax Plan Invest in Best Performing 2016 Tax ...

Invest Reliance Regular Savings Fund – Balanced Option Online   Balanced Funds offer the triple benefits of wealth creation through equity exposure, stability and therefore, lower volatility through the debt exposure and tax efficiency of equity-oriented funds. By combining Systematic Withdrawal Plans (SWP) in Balanced Funds , investors could choose to get regular cash flows as well, which could compare favorably over propositions such as Post Office Monthly Income Schemes . The average rolling return in RRSF – Balanced has been 14% compounded over different periods of 3, 5 and 7 years. If any investor had invested Rs. 10 Lakh and done a SWP @9% for a period of 5 years, the investor would have not only ensured regular cash flow of Rs. 7500 per month (Rs. 90,000 per year / Rs. 4.5 Lakhs in 5 years ), the original investments also would have grown in value.   ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Gr...

  By introducing an additional deduction of Rs 50,000 in the Budget 2016 proposal, Finance Minister Arun Jaitley has given some reason to cheer to the first time home buyers. This additional deduction has been given on interest for loan up to Rs 35 lakh, provided the house value doesn't exceed Rs 50 lakh. An additional deduction was much awaited as the costs of housing units have increased much over the recent years.   A home buyer in India is entitled to claim both the interest and principal components of home loan repayments for tax benefits. Currently interest payable on a 'self-occupied' house is subject to a maximum deduction of Rs 2 lakh under the head 'Income from House Property', under Section 24(b). Taxpayers and industry experts were expecting the government to increase the tax deduction limit for housing loans, especially in metropolitan cities, by about Rs 1 lakh to Rs 3 lakh as the current limit of Rs 2 lakh is insignificant. Besides interest, the por...

  In Budget 2016, the finance minister has made withdrawals from NPS on maturity tax free upto 40% of the total corpus accumulated. Currently, none of the withdrawals were tax-free unlike other competing instruments such as PPF and EPF where the total withdrawal was tax -free. This is a major step towards making the NPS scheme more attractive and bringing it on par with the other EEE pension schemes.   This has implicitly made it attractive for investors to withdraw the corpus after 60 years (and not before) as any withdrawal before 60 years requires the utilisation of 80% of the corpus for purchasing annuity. This means that only 20% can be withdrawn before 60 years. Hence for getting the maximum tax benefit, it seems prudent to withdraw after 60 years. This is because after 60 years you can withdraw upto 60% of the corpus and out of this as per the new proposal 40% will be tax-free.   As per current tax laws, under Sections 80 CCD (1) and 80CCE an investment of up to 10% of Basic P...