Prajna Capital - An Investment Guide

    Mutual fund investors doing SIPs will have to use National Automated Clearing House (NACH), a new system of clearing, which has been implemented by National Payments Corporation of India (NPCI), instead of the erstwhile ECS (Electronic Clearing Service). All new mutual fund (MF) SIPs will have to be registered using NACH mandates only. 1. What is NACH OTM (one-time mandate) in mutual funds? NACH is a one time registra tion process which allows an inves tor to register systematic investment plans (SIPs) in MFs. By registering this mandate, you authorise your bank to debit a certain amount to enable investments in a mutual fund scheme. This mandate can either be given for a fixed period (say one year or three years) or perpetual till you cancel it. Every folio needs a separate man date. If you have SIPs in different fund houses , you will have to fill in separate NACH forms . 2. How to register for NACH OTM? Registration is just a one-time process per folio that you hold in a mut...

Invest SBI Magnum Midcap Fund Online       The scheme aims to provide investors with opportunities for long term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well-diversified basket of equity stocks of Midcap companies.   A climber in this space, this fund recorded a middling show until 2010 only to manage a steady improvement in its performance from 2011. From a one-star rating in 2011-12, the fund has climbed to four stars in 2015. The fund isn't defined as a small-cap fund by mandate and seeks to invest 65 to 90 per cent of its portfolio in stocks that figure between the 100th and 400th stock by market cap. The fund is quite true to label, with large-cap allocations rarely crossing the 10 per cent mark. The fund hunts for structural growth stocks, emerging companies in any sector which are growing faster than the peers and companies where there is a turnaround in business fundamentals. A growth-style fund, it also filters f...

Apply for Any Loan Online   Cross-check the costs involved and interest rates of a loan, not just the speed of approval, before taking it     Are you looking to take a loan from a bank? With the use of technology and ability to access information such as your transactional data, income data and credit scores, existing as well as new customers are able to get faster approvals compared with 2-3 years ago. "For existing customers, we offer pre-approved loans through Net banking. By and large, the turnaround time for loans has been reduced by 50-60% thanks to the use of technology. Overall, we see a lot of enquiry generation through mobile and internet     Many banks even offer instant loans. But faster loans doesn't mean the risks and caveats that a borrower needs to be aware of, change. The basic rule remains the same: don't take a loan you can't service. So, before you are attracted by the speed of getting a loan rather than a real need for it, you need to understand...

 A ll your retirement benefits have to be shown while filing your ITR. The retirement benefits like employee provident fund, leave encashment gratuity and pension will have to be disclosed under the head 'Income from Salary'. ----------------------------------------------- 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 Saver 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 Saver Mutual Funds Online Invest Online Download Application Forms For further information contact Prajna Capital on 94 8300 8300 by leaving ...

I nvest UTI Dynamic Bond Fund Online        The scheme seeks to generate optimal returns with adequate liquidity through active management of the portfolio, by investing in debt and money market instruments.     A conservatively managed fund in a category where risk-taking is quite prevalent, the UTI Dynamic Bond Fund has managed to outperform its category and benchmark over both three- and five-year periods since inception, though one-year returns are below both. The scheme seeks to generate returns through active management of the portfolio. An entrant to the category in 2010, this fund has nevertheless proved to be a good performer, earning a four-star rating. The fund has managed this while making no compromises on credit quality and without going overboard on duration.   The track record of this fund shows that it has been quite risk-averse in adding lower-rated bonds to its portfolio, sticking mainly with G-secs and AAA or A1+ corporate exposures through the last couple of yea...

  BSL Dividend Yield Plus Online                 ----------------------------------------------- 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 Saver 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 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 m...

  Income tax returns are due to be filed by 31 July, and apart from what's in your Form 16 it also needs to have details about your capital gains and losses, if any. However, many people don't know which of their financial transactions qualify as capital asset transactions and therefore may attract tax.   Indians buy gold, as a gift for themselves or others. They also sell it for cash or to buy new jewellery. Many also buy it purely as an investment, believing that its value will appreciate in future.   However, very few people know that a tax liability arises out of any gain made from sale of gold, be it jewellery, coins or bars. The same goes for other assets such as real estate. Many people tend to forget mentioning the tax implications that a simple transfer of property may give rise to in their tax return.   The rule of thumb with capital gains should be that irrespective of the amount of the capital transaction and regardless of whether you make a gain or a loss, you h...