Central Bank of India

Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank. Sir Pherozesha Mehta was the first Chairman of a truly 'Swadeshi Bank'.

Central Bank has been playing an increasingly active role in promoting key thrust areas, such as agriculture, small scale industries, and medium and large industries. The bank also introduced a number of self employment schemes to promote employment among educated youth.

Among the Public Sector Banks, Central Bank of India can be truly described as an All India Bank, due to distribution of its large network in 27 out of 29 States as also in 3 out of 7 Union Territories in India. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 3656 branches and 178 extension counters at various centres throughout the length and breadth of the country.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

Invest in 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

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

Leave a missed Call on 94 8300 8300

UTI MNC Fund Online

Invest in UTI MNC Fund Online As markets have turned extremely volatile in the past few months, investing in a quality portfolio with a multi-cap focus has become the need of the hour. One such scheme which has performed well is UTI MNC Fund (launched in 1998). The scheme is managed by Swati Kulkarni. There are four main advantages of investing in the scheme.First, it sharply focuses on multi-national companies across sectors whose products are accepted not only in India but also outside India. Such diversified geographical presence helps the fund manager in maintaining a balanced portfolio. Second, in times when demand is low, such companies whose products have high acceptability, tend to do relatively better than peers. Third, the scheme follows a buy-and-hold strategy in picking companies, which provides handsome returns in the long term. Fourth, the scheme does not have a large cap bias and also has mid-cap MNCs. The scheme has beaten its benchmark indices Nifty MNC and C...

HDFC Equity Savings Fund Online

Invest HDFC Equity Savings Fund Online HDFC Equity Savings Fund, an open-ended equity scheme, after its repositioning, has announced its maiden dividend as under: Name of the Fund Dividend Per Unit # Record Date Face Value (per unit) HDFC Equity Savings Fund Re. 1 28 th April, 2016 Rs. 10 # The dividend will be subject to the availability of distributable surplus and may be lower, depending on the distributable surplus available on the Record Date. Pursuant to payment of dividend, the NAV of the Dividend Option(s) of the above Scheme(s) would fall to the extent of payout and statutory levy, if any. The HDFC Equity Savings Fund takes exposure to both equity and debt asset classes like a Balanced Fund, but lowers volatility from equity markets by partly hedging the equity exposure. Lower unhedged Equity exposure ensures lower volatility while the combined exposure of Equity + Arbitrage offers the tax efficiency of equity oriented funds while offering highe...

Mutual Fund Review: Franklin India Taxshield

It maintains a diversified equity portfolio across sectors and market caps. It tends to maintain a relentless focus on long-term and ignores momentum to a large extent. So, sectors on a high metals and construction in 2007 - will not lead the fund to buy the stocks even at the cost of lower returns. In 2009, the FMCG allocation began to drop towards the year-end, despite the market rallying from March. This again shows the manger sticks to his convictions and does not get swayed by the market. In 2008, it was the third-best performing fund in its category. Instead of resorting to aggressive cash calls (averaged 5per cent), the fund increased its exposure to FMCG and healthcare. The distinct large-cap bias came to its rescue. Though in a rising market (2009), the fund was an average. The majority of the portfolio is held for long and some favourites (Infosys, L&T, Grasim Industries, RIL, Cummins India, Marico) have been around for a long period. The fund takes small position...

Balanced Funds Online

Invest Balanced Funds Online Balanced funds typically maintain an allocation between 65-75% to equity, and the rest in debt. The minimum 65% allocation to equity is to ensure that the fund qualifies for equity taxation. Further, the discretion to vary the allocation lies with the fund manager based on his market views. As an investor, in case you would like to manage the asset allocation, you could invest in a mix equity funds or shares or ETFs , debt, etc. and rebalance the portfolio according to your views. But you should also consider the cost-benefit implications including transaction costs, taxation, etc. of frequent re-balancing. An annual review and re-balancing (if required) of one's portfolio is normally considered adequate. ----------------------------------------------- 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 20...

How to diversify your Portfolio

Look at your portfolio. Do you hold more than five equity funds or carry fixed deposits in more than five banks? If so, you are probably suffering from compulsive diversification disorder! In this article, we ask a fundamental question: Do you really diversify? If so, how? A la carte portfolio Diversification is a process where you hold investments that do not all decline at the same time. In an ideal world, this means you should create a portfolio that has weakly-correlated assets. So, if one investment declines significantly, another will fall only marginally or move higher. But in the globalised world, it is difficult to create such a portfolio, as all assets are often strongly correlated to each other. In such a situation, the best you can do is to create a portfolio with assets that do not all decline by a large amount at the same time. Yet, that is what happens in a global crisis in 2008. Why? In such times, all asset classes tend to move closely, as in...

Invest in Tax Saving Mutual Funds	Download Any Applications
Transact Mutual Funds Online	Invest Online
Buy Gold Mutual Funds	Invest Now

Invest in Tax Saving Mutual Funds	Download Any Applications
Transact Mutual Funds Online	Invest Online
Buy Gold Mutual Funds	Invest Now

Prajna Capital - An Investment Guide

Search This Blog