Prajna Capital - An Investment Guide

Tenure 1100 days NFO Period 21st December 2016 to 4th January 2017 MICR cheques Till end of business day on 4th January 2017 RTGS and transfer cheques Till end of business day on 4th January 2017 Switches Switches from equity schemes - 4th January 2017 ; Till cut off time (specified for switch outs in the source scheme) 4th January 2017 from other schemes^ Option to be launched ICICI Prudential Value Fund - Series 10- Growth & Dividend ICICI Prudential Value Fund - Series 10 Direct Plan - Growth & Dividend Entry / Exit Load Nil Minimum Application Amount Rs.5,000/- (plus in multiple of Re.10) Liquidity To be listed Benchmark S&P BSE 500 Index Fund Manager Mrinal Singh & Vinay Sharma* We have recently witnessed high volatility in Indian Equity market due to events like demonetisation, RBI monetary policy, Fed rate hike. Demonetisation is part of long-term structural reforms. It may lead to near term market volatility but we believe it should be followed by

  LTCG tax for those with income below threshold   A resident individual can adjust the basic exemption limit against long term capital gains (LTCG)   A resident individual can adjust the basic exemption limit against long term capital gains (LTCG). A resident individual can adjust the LTCG but such adjustment is possible only after making adjustment of other income. In other words, first income other than LTCG is to be adjusted against the basic exemption limit and then the remaining limit (if any) can be adjusted against LTCG. Basic exemption limit means the level of income up to which a person is not required to pay any tax. The basic exemption limit applicable in case of an individual for the financial year 2015-16 is as follows: For resident individual of the age of 80 years or above, the exemption limit is   R 5 lakh. For resident individual of the age of 60 years or above but below 80 years, the exemption limit is   R 3 lakh. For resident individual of the age of below 60 ye

   Interests on various Bank/Corporate Fixed deposits have fallen. In this scenario, GOI 8% Savings (Taxable) Bonds 2003 is gaining prominence again, as these Bonds are being issued by Reserve Bank of India (RBI) provide safety plus returns that are fixed and assured. Who can invest Individual (Sole/Joint basis/Guardian on behalf of minor) HUF University (80G certificate compulsory) Charitable Institution (80G certificate compulsory) Limit of investment Minimum Rs. 1000/- and in multiples of Rs.1000/-. No maximum limit Date of Issue of bonds Date of realization of cheque Forms of Bonds Bond Ledger Account Interest Option Non-cumulative / Cumulative. Change of option is not permitted once investment is done Payment of Interest In case of non -cumulative option, interest is payable on half yearly basis (1 st Feb/1 st Aug). In case of Cumulative option, interest is compounded with half yearly rest and is payable at the time of maturity Tax benefits Income from the bonds is taxabl

  BUYING Best HEALTH INSURANCE Online 10 QUESTIONS TO BE ASKED WHILE BUYING HEALTH INSURANCE Q. What does it cover? A. There are many types of health plans ranging from basic hospitalisation and critical illness to disease-based, top-up and daily cash. Buy a basic hospitalisation policy first. Others such as critical illness and disease-specific ones should be the next level of protection. Q. Is it an indemnity or a benefit plan? A. While indemnity plans cover hospitalisation expenses such as room rent, doctor's fee, etc, benefit plans pay a lump sum on diagnosis of the disease. Q. What does it exclude? A. You need to carefully read policy papers to know what is not covered by the plan. Q. How long do you have to wait for the coverage to start? A. It is important to understand what the policy will not cover, whether for a stipulated period or forever. Q. What additional covers can you take with the policy? A. If there is a need, additional covers such as international

Buy Best Life Insurance Online Buying life insurance can be a crucial decision. Some people may choose to buy a cover early in life. Others may leave it until later. If you are thinking of investing in a life insurance policy, here are 10 points you may want to know. 1.  Necessity:   Investing in a life insurance policy can make complete sense if you are taking care of other people. Life insurance provides more than the death benefit. It may help you prepare for any uncertainties. But what if you plan to remain single? Or, you do not have any future liabilities? Then you may think again before buying a life insurance policy. 2. Purpose:   You may feel investing in life insurance is a fundamental need. Then consider the purpose of buying your policy. For example, do you expect your policy to pay for your child's education in case of an uncertainty? Or, do you want it as a security for your high-risk job? 3. Coverage:   Individuals need different insurance covers. What is the amount

In 2017, You can Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity 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  SaveTaxGet Rich on 94 8300 8300 Leave your comment with mail ID and we will answer them OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com OR Call us on 94 8300 8300  

  Tax implication on debt funds for merchant navy personnel For merchant navy personnel the tax treatment will be similar to that of an NRI For merchant navy personnel the tax treatment will be similar to that of an NRI which is as follows Long term capital gains (holding period of more than 3 years)   Listed debt funds are taxed at 10% without indexation or 20% with indexation whichever is lower but the fund house will deduct TDS at flat rate of 20%.   Unlisted debt funds are taxed at 10% without indexation. Short term capital gains (holding period of less than 3 years) Debt funds are taxed as per your income tax slab, but the TDS is deducted at the highest applicable rate of 30%, irrespective of what tax slab you belong to. ------------------------------ ------------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 Best 4 ELSS Mutual Funds to invest in India for 2017 1.