Career Search

Tuesday, April 23, 2013

EPFO to Invest in Infra Debt Funds

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

In a big boost for India's trilliondollar infrastructure development ambitions, the country's largest pension fund — the Employees' Provident Fund Organisation — is finally ready to route some of its $100 billion corpus into the cash-strapped sector through Infrastructure Debt Funds or IDFs.


Such long-term savings would be crucial for building new infrastructure that faces severe funding constraints, with banks and developers having little room to deploy fresh funds into longgestation projects that are hampered by red tape.


IDF is the government's big idea to provide long-term funds to infrastructure projects, and the finance ministry has been trying to route insurance and pension savings into these funds as they can be an important source of stable and, more importantly, domestic money.


Since late 2012, the ministry has been pursuing the idea with the insurance regulator IRDA and the labour ministry, which oversees the retirement savings of over 6 crore formal sector workers parked with the provident fund office.


The provident fund department, also known as EPFO, is now veering around to the finance ministry's point of view.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax PlanInvest Online
  2. HDFC TaxSaverInvest Online
  3. DSP BlackRock Tax Saver FundInvest Online
  4. Reliance Tax Saver (ELSS) FundInvest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) FundInvest Online
  7. SBI Magnum Tax Gain Scheme 1993Invest Online
  8. Sundaram Tax SaverInvest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFundsInvest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)