Prajna Capital - An Investment Guide

  Silver in India comes next to gold in the jewellery buying preference of Indians. With the current downward spiraling of gold prices, silver is the new-found love of Indians. The shiny metal has been able to hold its price and even seen appreciations in a time when gold has been continuously losing shine for the past 2-3 years. Silver in various forms is popular in the Indian culture. The most significant role is played by it in weddings and birthdays. Other ceremonies which see silver being used as gifts and puja item are naming ceremony of babies, engagement ceremonies and pujas during Indian festivals like Diwali and Holi. Importance of India in the Global Silver Jewellery Market India is a huge exporter of silver jewellery and silverware. Huge demand for silver is seen from countries like the United States and those in the Middle East. Silver export companies in India are trying to expand to newer pastures like markets in China, Russia and Australia. In terms of silver jewellery,...

  Mutual fund objectives   To invest properly in a mutual fund, you need to understand the types of mutual funds that are available to you. These include: Equity:   Also known as growth funds, these invest exclusively in the stocks of domestic companies listed on the stock exchanges. These are categorized as high-risk funds. Money market:   These are mainly meant for investors looking at short-term profits and easy liquidity. These funds are invested in money market instruments such as Treasury bills (T-Bills), Commercial Papers (CPs), Repurchase Agreements (Repo) and government securities. These are categorised as low-risk funds. Debt:   These are also called income funds and provide fixed returns by investing exclusively in low-risk fixed income securities. Debt funds are typically low-risk funds. Hybrid or balanced:   These funds invest in both fixed income securities (debt) and stocks (equities), thereby offering a balanced portfolio to investors. Mutual funds are also hyphenated o...

 Micro-cap Funds - Invest Online   In 2015, of about 300 diversified equity funds (except tax-saving, thematic and sectoral), nine of the top 10 funds by returns were focused on mid- and small-sized companies. And six of these focused on—in terms of the size of the underlying holdings—tiny companies. These mutual fund (MF) schemes are commonly known as micro-cap funds. NEED TO DIFFERENTIATE As the equity market expands and more index funds and exchange-traded funds are launched, it's getting tougher for fund houses to set their large-cap funds apart from their competitors'. Beating the benchmark and peers will also get more difficult as more of these funds make their debut. That's one reason why some fund houses have been launching schemes that tap the smaller range of companies; they try to be among the first to spot such companies before others pick them up as well and stock prices start to rise. One such emerging category is micro-cap funds. WHAT IS ITS SIZE? Different ...

  Aadhaar for filing income-tax returns The income-tax department is making life easier for taxpayers willing to link their Aadhaar while filing returns. The Central Board of Direct Taxes , apex body of the department, introduced a column in the I-T return for 2015-16, where an e-filer can provide his Aadhaar number that will have to be authenticated on the official website of the department via a One Time Password. Earlier, despite filing a return online, taxpayers had to take printouts of the acknowledgement and send it by post to the department in Bengaluru. -------------------------------------------------- Invest Rs 150000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds There are a lot of mutual funds that customers can choose from but some of the best Tax Saver mutual funds in India right now are: Top 10 Tax Saver Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Te...

  How Reduction In Repo Rate & CRR Affects Customers Finally  RBI announced slashing of repo rate by 25 basis points (bps ) and cash reserve ratio (CRR) by 25 bps which industry experts believe will fuel the economic growth to some extent. Although experts were expecting higher rate cut this year. This lowering of the rate cuts has taken place for the first time in nine months. Now let's see how reducing the repo rate (defined in economic term as the rate at which RBI lends money to the banks) relates to the following individuals and sectors: Banking:   Lowering of repo rate directly reduces borrowing costs of a bank. Banks in turn reduces interest rates on different types of loans such as home, auto, business etc. Similarly trimming down of CRR allows banks to unlock money for lending to the customers i.e. with 0.25 rate cut banks are estimated to lend more than INR. 17 Crores. Consumers:   Lower repo rate does not necessarily benefit existing loan borrowers but new loan se...

  What is saving bank account? It is an account for day to day operations providing easy access to our funds, which are not safe now a days when kept in home, office, or in person. Is saving bank account interest taxable? The interest is taxable upto certain limit and varies from time to time according to the income tax rules. Is it a type of investment? Yes, this is also a type of investment, like other accounts and investment types. Why is the interest rate so low? Since it is a fluctuating type of a/c where in deposits changes on day to day basis, based on rbi and banks guidelines, the interest on such type of a/c is kept nominal. Banks cannot earn more interest on such type of deposits, hence banks do not pay more interest on the balances kept. When is the interest paid by the bank? As per the RBI rule, banks in India are free to choose the interest paid on accounts. Earlier the interest was paid on minimum balance kept between 10th and last working day of any month. But starting ...

  e-KYC (Electronic Know Your Customer) Features When someone want to open bank/mutual fund & other account, the biggest challenge faced is submission of multiple documents such as address proof, ID proof and others. But Ministry of Finance, Government of India has given their approval for paperless authentication or eKYC. What is eKYC eKYC service is offered by UIDAI and it's main objective is for the verification of his/her credentials digitally Aadhar card holders can now get following personal details verified at various organizations while applying for new account: ID & Address Proof E-mail Address Mobile Number Gender Photograph 3. This way, paper documents which had traditionally been mandatory for verification won't be required saving time, efforts and cost of bank employees and customers. Process What customer needs to do: In order to free themselves from carrying hard copy of required documents everytime; Aadhar card holders will have to give their consent to ...