Prajna Capital - An Investment Guide

  ELSS funds are an advantageous way to use the Rs 1.5 lakh limit for tax saving investments under Section 80C     Under Indian tax laws , savers have a complete range of tax saving instruments available to them. And yet, individuals often take sub-optimal investment decisions with their tax-saving investments. Deposits with long lock-ins that hardly pay anything more than inflation; insurance schemes that eat away a lot of the gains in agent commissions; Equity linked Savings Schemes (ELSS) of mutual funds chosen with scant regard to performance track-records--all these (and more) are often seen when it comes to tax-saving investments.     Why does this happen? One common reason is that there is a confusion of goals between saving tax and making investments. The typical investor makes this decision either in late March under the duress of having the deadline slip by, or under intense pressure by a salesman who drives home the fact that time is running out. At the end of the day, we...

  Advantages and disadvantages of online insurance plans   As you will have no agent to help you out, you should read the policy document carefully and understand its implications fully   LIC also has online insurance plans. However, LIC term plans are more expensive when compared to other insurers with a good claim settlement ratio. Purchasing insurance online is convenient and cheaper than using an agent. Pure term covers are also simple products. Websites of insurance aggregators also allow you to compare quotes from all leading brands and find the best deal. Online insurance purchases have their share of shortcomings, too. Since no agent is involved, you should read the policy document carefully and understand its implications fully.   There are some points that you need to remember while making online purchase of insurance plan. Ensure that you make a comparison of policies from various companies. Once you have chosen the policy you will be required to provide personal details su...

How to check the status of your tax return acknowledgement sent by post   A large number of taxpayers are likely to send physically signed ITR-Vs to the CPC. In that case, here's how you can track your acknowledgement   According to a press release by the Central Board of Direct Taxes (CBDT), 7.53 million taxpayers used the e-verification facility to verify their income tax return (ITR) this year (till 5 August). Popularity of e-verification soared this year compared to assessment year (AY) 2015-16, when about 3.29 million taxpayers had used this facility till 7 September 2015, the last date that year. For AY 2016-17, the last date for filing ITR was extended to 5 August this year.     Aadhaar as a means of e-verification also found favour with more people. While about 1 million had used it in 2015, about 1.77 million used Aadhaar this year. Roughly 22.7 million e-returns had been filed till 5 August, "thus, over 35% of taxpayers have already completed the entire process of ...

  Invest Mirae Asset Great Consumer Fund Online   For retail investors, investing in the current market scenario seems to be a tricky exercise. One theme that works not only in the short term but also in the long term is consumption. Among schemes which have sharp focus on consumption theme , Mirae Asset Great Consumer Fund has consistently delivered good returns . At present, close to 25% of the scheme's portfolio is exposed to banking and financials. One of the chief reasons for this is that these sectors serve as the backbone of the economy by funding growth. The scheme also has reasonably good exposure to other themes under the broad consumption category. One such theme is automobiles. The scheme's fund managers Neelesh Surana, Bharti Sawant and Sumil Agrawal have consistently stuck to the fund house's philosophy of refraining from buying overvalued stocks and buying those firms which have high cash flows and good investment ratios. Due to this, the scheme has beaten...

Invest Principal Emerging Bluechip Fund Online     Achieve long term capital appreciation by investing in equity of Mid and Small Cap companies Stock selection focused on stocks of higher growth companies at attractive valuations Performance History of more than 7 years Actively managed yet benchmark aware portfolio management ------------------------------ ----------------- 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 In...

Invest Tax-Saver Funds Online   Here are the top performing equity linked savings schemes, or tax-saving funds . Below are the filters used to arrive at them. Top performers: 5-year annualized returns Category: Equity Linked Savings Scheme (ELSS) Schemes: Open ended Growth plans (dividend plans excluded) Regular plans (direct plans excluded) Axis Long Term Equity : 19.70% This fund made its mark in 2010 and 2011. It topped the chart in 2010 with a return of 30% and fell the lowest the very next year when the market tanked. Not only is it consistently a top quartile performer, it is often the best in its category (2010, 2011, 2013). BNP Paribas Long Term Equity : 16.49% From 2007 to 2010, the fund consistently underperformed the category average. Anand Shah joined the AMC in 2011 and the change was immediately evident. Since then the fund has delivered above average returns and is now quite a contender in the category. Reliance Tax ...

  Mutual Fund Investment to Benefit a Minor Child   You can make investments in MFs in your child's name to meet their long-term goals such as higher education and wedding 1 . Can I make a mutual fund investment in the name of a minor child? Yes, you can make an investment in any scheme of any mutual fund in the name of a minor child. The minor shall be the first and the sole holder in a folio. No joint holder will be al lowed in a folio held by a minor. Guardian in the folio should either be a parent (i.e. father or mother) or a court ap pointed legal guardian. Minor investments are identified by the date of birth of the investor, so when you make an in vestment you have to provide the child's date of birth and age. You will have to give a copy of age proof namely a copy of the document viz. birth certificate, passport copy , etc. evidencing date of birth of the minor and relation ship of the guardian (natural or legal guardian) with the minor. This nee...