Prajna Capital - An Investment Guide

Non-resident Indians are allowed to open No n Resident (External) Accounts (NRE Account) and Non Resident Ordinary Accounts to open savings account or fixed deposits with banks in India. However, since many NRIs find it difficult to visit the bank branch in India to complete the account opening formalities, they can instead opt to open the account at their convenience, from the comfort of their overseas homes by following these simple steps. Downloading the form The form for non-face-to-face account opening is available on bank websites. This form needs to be downloaded and filled up by the NRI who wishes to open the account.Some banks also provide the facility of filling up the form online. Documents needed Approved proof of identity has to be submitted, as well as proof of NRI or PIO status in the form of copies of passport with valid visa or PIO card. Approved proof of address also needs to be provided.Payment instrument for initial contribution needs to be enclosed with the app...

Buy Health insurance Online   An NRI cannot buy health insurance policy for himself in India   An NRI cannot buy health insurance policy for himself in India. You must check with insurance companies in Indonesia to get an overseas health cover for you and family while in India. ----------------------------------------------- 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 Invest Online Download Application Forms For further information contact...

Invest NPS Online       As per the budget 2016 proposal, an individual can withdraw 40 per cent of the corpus in National Pension Scheme (NPS) tax-free at the time of retirement .   The budget has not done away with the mandatory provision of using a minimum 40 per cent of the corpus to buy an annuity. It sill exists. Earlier, the individual had the option to use minimum 40 per cent of the corpus to buy an annuity and withdraw 60 per cent of the corpus at the time of retirement, but the withdrawal was taxed as per the Income Tax slab applicable to the individual. Now, he can withdraw 40 per cent of corps tax-free. This is the only change proposed in the budget regarding NPS.   The individual always had the option to use the entire corpus to buy an annuity if she wanted to escape paying taxes at the time of retirement. Now, such an individual just need to use 60 per cent of the corpus to buy annuity to escape tax, as the government is giving her the option to withdraw 40 per cent of ...

    Invest in Best Debt Funds Online   These financial strategies can help optimise the returns from safe investments   There are many reasons why investors prefer to be safe than sorry. Some of them can't stom ach the volatility that comes with stock investments. Others may have had a bad experience, which is why they want to stay away . The risk profile of an individual is determined by a combination of factors (see chart). Based on the factors that determine risk appetite, we have developed a risk tolerance test (see below). If your score puts you in the low-risk segment, here are some tips for you to optimise your returns. GO FOR TAX EFFICIENT INVESTMENTS Bank deposits are all-time favourites of those seeking low-risk instruments.They are easy to understand, widely available and anyone with a bank account can open one. Thanks to Netbanking, they also do not require paperwork. But bank deposits are tax inefficient because the interest earned is added to your income and taxed ...

  High-dividend stocks are normally good investments. However, this may not be true in the current situation. The Budget proposal to tax dividends exceeding `10 lakh in a year has led to a flurry of dividend announcements by companies. Many companies want to pay out hefty dividends before the proposal becomes a rule in 2016-17. But experts say that the dividend yield alone should not make you buy a stock. The dividend payout and the dividend coverage ratios are better indicators than just the dividend yield of a stock. High dividend stocks assure stable returns even in a volatile market. However, companies declaring very high dividends from their profits are best avoided since they might not retain enough profits to invest in future growth and expansion plans. This, in turn, would limit the upside of stock prices. Companies that have unstable dividend policies are also unreliable since they may be declaring one-time dividends to gain investor interest. Others say that one should not l...

Buy NPS Online   ----------------------------------------------- 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 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 OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 -...

 Invest in G-Sec Funds or GILT Funds Online   With falling interest rates, long-term gilts may generate good returns. Here's how you should invest in them.   Owing to a strong possibility of a rate cut by the Reserve Bank of India (RBI ), long-duration gilts and gilt funds have started rally ing. Most long-duration gilt funds have generated an absolute return of more than 3% in the past one month. Experts feel the momentum will continue for some time. Given that rates are expected to trudge downwards in the coming days, returns from bond funds are likely to go up. So, investors should consider gilt funds now. Bond yields and prices are inversely proportional--prices go up when yields fall and vice-versa. The general expectation is that the RBI will cut rates by 25 basis points on 5 April and further cuts could happen in the coming meetings. Retail investors' interest in government securities has remained elusive, and gilts have been the sole preserve of institutional invest...