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Showing posts from October, 2017

Mutual Fund Categories

  Invest Mutual Fund  Online   This classification tree will help you understand the different types of mutual funds There are hundreds of mutual funds in India. If you were to try and understand each one individually before deciding which is suitable to invest in, it would be an impossible task. However, the task is made easier if you could divide the funds into categories and sub-categories according to their investment characteristics. Then you can first analyse which category meets your needs. But who is to create the categories? On what basis are they created? How are funds placed in the categories? That's where a specialist mutual funds research and analysis service like Value Research comes in. The purpose of any fund classification system should be to help the investor match his own returns expectations and risk-taking ability with the type of fund that he is going to invest in. The first thing to understand about fund classification is that it is almost entirely about divi

Axis Multicap Fund

Axis Mutual Fund to launch its multicap fund The NFO of the scheme will open for subscription on October 30 and close on November 13. Axis Mutual Fund has announced the launch of Axis Multicap Fund, an open-ended equity scheme that would invest in a diversified portfolio of stocks across the market-cap spectrum. In a press release, the fund house says that the fund will focus on looking for high conviction ideas that have the potential of generating sustainable growth in the medium to long term. The fund house further states, "Within the overall investment process, Axis Multicap Fund distinguishes itself by aiming to identify companies that are at their inflection points – in the midst of circumstances that have the potential to substantially improve the growth trajectory of the company. This can happen for various reasons like mar

TAX PLANNING STRATEGIES

  In simple terms, tax planning is the rightful approach to reduce income tax liabilities by attaining maximum benefits of various exemptions, deductions, rebates and reliefs provided by the government under the Act. This allows a taxpayer to plan his/her finances in an optimised and tax-efficient manner, so as to minimise the cash outflow and maximise the return. A person's filing status; timing of income, purchases and expenditures; claiming deductions; and selection of investments and retirement plans are the common tools for effective tax planning. Features Increases your take home salary More income available to invest Creates a corpus, using the tax saving investment tools. The primary objectives of tax planning are as follows: Reduction of tax liability:   A taxpayer can retain the maximum part of his/her earnings by claiming the deductions under sections 80C to 80U and availing exemptions and other credits admissible under the Act. Minimisation of litigation:   With the tax

Insurable Risk

  What is Insurable risk A risk is insurable if it's out of your control, financially measurable and random in nature. It is important that its occurrence is random because if you can predict its occurrence, it ceases to be risk and becomes more of a certainty. Take life insurance. It covers your dependants financially upon your death. Early death is a risk that is random in nature, but as you grow older its probability increases. So, buying life cover at 30 is easy, at 50 you would have to pay higher premiums, and at 80, you won't be insured. The risk also needs to be financially measurable. When you buy a life insurance policy, you need to choose a sum assured. This is the amount the insurer pays to your beneficiary on your death. Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich For further information contact  SaveTaxGetRich on 94 8300 8300 OR You can write to us at Invest [at]

FRANKLIN INDIA TAXSHIELD

FRANKLIN INDIA TAXSHIELD fund has an impressive longterm track record but, of late, its performance has dipped. The fund's stewardship has changed and so has its approach. It is not being run with any market-cap bias but it remains heavily invested in large-cap stocks. The conservative large-cap focus--a stance carried forward from previous years--is partly the reason for the fund's under performance in recent years, compared to more aggressive peers. The fund still maintains heavy exposure in its top picks, with financials forming a bulk of its larger positions. FRANKLIN INDIA TAXSHIELD has historically had a superior risk-reward profile in its category, but this has been partly eroded with the slip in its returns. However, the new team has proven capabilities to execute the strategy, and is likely to yield results in few years. Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Tax Saver ELSS Fun

Paperwork for your child

It is of utmost importance for parents to ensure that a baby's identity documents are in place. There are some basic documents that one should obtain by the time the baby completes her first birthday. These are mandatory documents required at the time of school admission, opening of a bank account, investments in the name of the child or taking the child overseas on a holiday. Birth certificate This is a mandatory document that must be obtained within 21 days of the child's birth.It records the name, gender, parents' name, address, date of birth and place of birth of the child. Application must be made in the prescribed format with the municipal corporation or panchayat of the place of birth. Birth records and certificate issued by hospital must be attached with fees. Aadhaar card Aadhaar is an essential document for school admission. There is a simplified procedure without biometrics for children below five years. The child's Aadhaar card is linked to the parent's

Aadhaar sufficient for insurance KYC

If you plan to use Aadhaar-based e-KYC when buying insurance, here are some details that you should keep in mind The Insurance Regulatory and Development Authority of India (Irdai) has said that Aadhaar-based electronic-know your customer (e-KYC ) process would be sufficient for the purpose of customer verification. This has come as a part of clarification issued by the insurance regulator on Aadhaar-based e-KYC for insurance companies. It also stated that Aadhaar-based e-KYC can be conducted only with the consent of the customer. If you plan to use Aadhaar based e-KYC when buying insurance, here are some details that you should keep in mind. KYC for insurance For life insurance products, regulatory guidelines mandate that insurers conduct KYC before the sale of the policy in case of direct sales. If the sale is through other channels, such as online, KYC is to be completed within 15 days of the sale of the policy. These practices put the onus on the insurance companies to ensure that

Invesco India Tax Plan - Top Tax Saver Fund for 2017 - 2018

Invest Invesco India Tax Plan SIPs Online Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Tax Saver ELSS Funds. Save Tax Get Rich For further information contact  SaveTaxGetRich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com OR Call us on 94 8300 8300  

LIC Jeevan Utkarsh

Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich Top 10 Tax Saver Mutual Funds for 2017 - 2018 Best 10 ELSS Mutual Funds to Invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Tata India Tax Savings Fund  3. Birla Sun Life Tax Relief 96 4. Sundaram Diversified Equity Fund 5. I CICI Prudential Long Term Equity Fund 6. Invesco India Tax Plan 7. Franklin India TaxShield  8. Reliance Tax Saver (ELSS) Fund 9. BNP Paribas Long Term Equity Fund 10. Axis Tax Saver Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com OR Call us on 94 8300 8300

DSP BlackRock Balanced Fund Details

    DSP BlackRock Fund Online   DSPBR Balanced Fund below the following; 1.        Investment Illustration since inception of this scheme, 27th May 1999. 2.        Portfolio as on 30 th September 2017.   1. Scheme information Inception date 27th May 1999 AUM 5922 crores Equity 72.96% Debt 27.04% Average maturity 3.75 years Modified duration 2.91 years Fund Managers Equity Atul Bhole Fixed Income Vikram Chopra, Pankaj Sharma Exit load < 12 months- 1%: > 12months - Nil    2.  Equity composition (percentage allocation) Large Cap Mid Cap Small Cap Micro Cap 48.4% 12.2% 6.6% 5.8%   3.Dividend history & dividend yield Date NAV Dividend Div yield 28-Sep-17 25.01 0.21 0.84% 28-Aug-17 25.55 0.21 0.82% 28-Jul-17 25.79 0.21 0.81% 28-Jun-17 24.99 0.21 0.85% 26-May-17 25.67 0.21 0.83% 28-Apr-17 25.61 0.21 0.82% 28-Mar-17 24.66 0.21 0.83% 28-Feb-17 24.21 0.21 0.85% 27-Jan-17 24.50 0.20 0.82% 28-Dec-16 22.71 0.21 0.92% 28-Nov-16 23.65 0.21 0.90% 28-Oct-16 25.40 0.23 0.92% 28-Sep-16 25.46
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