Prajna Capital - An Investment Guide

Invest ELSS SIP Online      Equity Linked Savings Schemes   (ELSSs) or   tax saving mutual fund schemes come with a mandatory lock-in period of three years. The lock-in period is applicable to every Systematic Investment Plan (SIP) instalment in the ELSS. You can redeem a SIP investment only after it completes the lock-in period of three years. ------------------------------ ----------------- 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 Saver Mutual Funds Online I...

The Reserve Bank recently issued licences to 3 asset reconstruction companies (ARCs) Prudent ARC, CFM and Maximus ARC -to start operations. ET looks at the functioning of ARCs.   1. What's the role of ARCs? ARCs buy sticky business loans from banks with the intension of reviving the companies con cerned. This may be a combination of actions such as infusion of capi tal or finding a buyer for unit that is acquired as security against the bad loan. 2. Shouldn't banks resolve bad loans instead of selling them to ARCs? Banks are always in a better posi tion to deal with their borrowers, since they have had banking relations with them for long, but at the same time, recovery of dud loans can be time consuming. Unlike banks, resolution of bad debt is the core business for an ARC and, therefore, selling bad loans to ARCs will enable banks to focus on the core business of lending and mobilising resources. Secondly , the RBI has given banks incentives by allowing them to amortise any lo...

ELSS or ULIP Savers sometimes think of ELSS funds and ULIPs as alternatives. This is a mistake   Functionally, there is nothing common between ELSS funds and ULIPs . It's a basic rule of saving to not mix up insurance and investments. ELSS and ULIPs are two different products that serve different purposes. While ULIP is a mix of life insurance and investment offered by life insurance companies, ELSS is an equity fund . Both are eligible tax-saving investments but there the similarity ends.   ELSS have predictable cost, and easily understandable returns and are transparent about how the fund operates and what it invests in. Not so with ULIPs. From the premium paid, the insurer deducts charges towards life insurance (mortality charges), administration expenses and fund management fees. So only the balance amount is invested. ULIPs have high first year charges towards acquisition (including agents commissions). In order to evaluate the return generated by a ULIP and thus compare it...

Invest Online ICICI PRU SELECT LARGE CAP This large-cap fund stands out because of its highly focused approach to stock selection. It runs a compact portfolio of just 14 stocks, while remaining true to its label with its strict large-cap focus. Unlike peers, it has an aggressive approach to outperforming the benchmark. Over the years, the fund has built a healthy track record of outperforming peers. A trigger-based fund in its earlier avatar, it continues to allow investors a trigger-based automatic rebalancing tool into one of the pre-selected schemes as a profit-booking mechanism. Those comfortable with a focused strategy in the large-cap space may consider this fund, others may prefer its sister fund ICI CI Pru Focused Bluechip which has a more diversified approach and a better risk-return profile. ------------------------------ ----------------- 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 ...

  Tax benefit on different types of loans Did you know that you can claim tax deduction on loans depending on where the money is being utilised?       When you take a loan, you need to repay it along with the applicable interest rate. But did you know that you can claim tax deduction on loans depending on where the money is being utilised? Here is how.     Home Loans Th e equated monthly instalment (EMI) of a loan has two components- principal and interest. You can claim tax deduction against the principal repayment and payment of interest of the loan. These components qualify for tax deduction under two separate sections of the Income-tax Act, 1961. Under section 80C of the income-tax Act, you can claim the principal repayment amount, and the interest repayment amount can claimed under section 24(b).   If you have taken a home loan for purchase of a house, the tax exemption limit on the interest amount differs depending on the occupancy. If you have taken a loan on a self-occupied...

  Recurring Deposits Online   Recurring Deposits combine regular investing with guaranteed returns - making them an attractive option for risk averse investors   The recurring deposit (RD) is one of the most basic financial products available it the market. It can be used as a tool to inculcate the habit of saving.   What is a recurring deposit? An RD is a type of term deposit offered by banks and non-banking financial companies.   There are two types of RDs- regular and flexible .   A regular RD is offered by all banks, while only some offer flexible ones. A regular RD allows you to deposit a pre-specified amount at pre-decided intervals. It becomes a compulsory investment. The instalment amount once fixed, cannot be altered. For instance, if you sign up with a bank to invest   R 1,000 every month for 12 months in a regular RD, you will have to invest the specified amount at a fixed date every month. In a flexible RD, you can deposit any amount, on any day, and any number of times....

SBI Magnum Balanced Fund Online SBI Mutual Fund   has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) SBI Magnum Balanced Direct-D 1 SBI Magnum Balanced-D 0.7 The record date has been fixed as September 30, 2016. ------------------------------ ----------------- 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. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. IDFC Tax Advantage (ELSS) Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 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...