Invesco India Tax Plan - Top Tax Saver Fund for 2016 - 2017

Invest Invesco India Tax Plan Online

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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 2016 - 2017

Best 4 ELSS Mutual Funds to invest in India for 2016 - 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 2016 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact Prajna Capital on 94 8300 8300

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Optimise Your Savings

If you want to keep your basic intact but do not mind a slightly lesser take-home pay, reduce your allowance and increase your retiral benefits to reduce your tax liability. The employer's contribution to PF is linked to your basic (12%) and unalterable. However, you can increase yours using the voluntary provident fund (VPF) route. VPF is even better than PPF because while both earn similar returns, PPF has a lock-in period of 15 years.Your EPF contributions can be withdrawn without any tax implication after five years of service. If tax liability is not nil after exhausting the Section 80C investment limit of `1.5 lakh, contribute towards NPS to claim an additional `50,000 deduction under the new Section 80CCD (1b). An employee's contribution is also considered as a self-contribution and therefore eligible for deduction under Section 80CCD (1b). One can first maximise his claims under Section 80C and then claim any residual under the new section. NPS, however, does not enjoy as high a liquidity as PF. Withdrawal is only allowed at retirement or under special circumstances.

Not all long-term benefits are tax-efficient, and you may want to get rid of a few as well. For instance, gratuity, another common long-term benefit is tax-free up to 15 days of basic pay or `10 lakh, whichever is lesser. However, it is payable only after five years of service. So, it is redundant if you do not plan to stick around for so long. Although not a very big com ponent, you should try and adjust the money under some other head.

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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. 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

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Birla Sun Life Mutual Fund Schemes

Invest Birla Sun Life Mutual Fund Online

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2016 - 2017

Best 10 ELSS Mutual Funds to invest in India for 2016 - 2017

1. DSP BlackRock Tax Saver Fund

2. Axis Tax Saver Fund

3. Invesco India Tax Plan

4. BNP Paribas Long Term Equity Fund

5. Tata India Tax Savings Fund

6. Franklin India TaxShield

7. ICICI Prudential Long Term Equity Fund

8. IDFC Tax Advantage (ELSS) Fund

9. Birla Sun Life Tax Relief 96

10. Reliance Tax Saver (ELSS) Fund

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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National Pension System New Changes

NPS New Changes

The National Pension System (NPS) is arguably one of cheapest investment products in the world. On an investment of Rs.1 lakh, the fund management fee is just Rs.10 a year, compared to Rs. 1,500 - Rs. 2,500 charged by a mutual fund or a Ulip. It is also a very tax-friendly product. Besides enjoying tax deduction under Sec 80C, the NPS offers an exclusive window of Rs.50,000 under Section 80CCD (1) and additional deduction to corporate employees who invest in the scheme under Sec 80CCD (2). Besides, the there is no tax incidence if the investor switches from one asset class to another or changes his pension fund manager.

To make the scheme more attractive to subscribers, the Pension Fund Regulator and Development Authority (PFRDA) has made several changes in the rules governing the scheme. Here are those changes:

» INCREASED EQUITY EXPOSURE - A major drawback of NPS was that it caps the equity exposure at 50%. With introduction of the new life cycle fund option, NPS now allows up to 75% equity exposure. The Aggressive Life Cycle Fund (LC-75) will have 75% exposure to equities till the age of 35 and thereafter start reducing it by 4% every year. » EXPOSURE TO ALTERNATIVE INVESTMENTS - Introduction of a new asset class that allows up to 5% of the corpus to be invested in alternative investments such as mortgage-based or asset-backed securities, real estate investment trusts (REITs), units issued by infrastructure investment trusts and alternative investment funds (AIFs). » DEFERRING PURCHASE OF ANNUITY - NPS investors have to compulsorily buy an annuity with 40% of the corpus. Planners say this is restrictive because annuity rates are based on the interest rates prevailing at that time. PFRDA has now allowed investors to defer the purchase for up to three years. » 40% OF CORPUS MADE TAX FREE ON MATURITY - This year's Budget had made 40% of the NPS corpus tax-free on maturity. This changed the NPS from an EET product to a quasi EET instrument where 60% of the corpus is taxable while 40% escapes tax. It has also made NPS better than pension plans offered by insurance companies, where the tax free withdrawal is restricted to 33%. » EARLY WITHDRAWALS ALLOWED - NPS investors can now withdraw up to 25% of their own contribution for specific needs such as children's higher education or marriage, construction or purchase of first house, treatment of critical illness for self, spouse, children or parents. » LOWER MINIMUM INVESTMENT OF Rs.1,000 - PFRDA has lowered the minimum investment from Rs. 6,000 to Rs.1 ,000 a year. The lower limit will encourage people to experiment with NPS.

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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 2016 - 2017

Best 4 ELSS Mutual Funds to invest in India for 2016 - 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 2016 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact Prajna Capital on 94 8300 8300

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Gold Mutual Fund Returns

Gold Mutual Fund Online

 

 

 Despite the current short term bounce, the returns of gold funds over a 5 year period have been disappointing

 

 

 

The Brexit bedlam triggered shock waves in global markets, but the fear benefitted one specific set of investors: gold bugs. Gold prices have just hit multi-year highs amid renewed market jitters over how Britain's decision to leave the European Union will impact growth and earnings. However, the short term spike in gold price does not hide the fact that the long-term performance of gold mutual funds has been pedestrian.

 

 

U.S. gold is trading near highs of $1,370. Indian gold prices have moved up in-step. Standard gold (99.5 purity) in Mumbai has climbed to R31,315 per 10 grams. Pure gold (99.9 purity) is trading near R31,465 per 10 grams. In December 2015, gold in the domestic markets was trading just below R25,000.

 

Just after Brexit became a reality, World Gold Council said: 'With Britain voting to exit the European Union, we expect to see strong and sustained inflows into the gold market driven by the staggering level of protracted uncertainty that investors now face.'

 

Cashing in on fear
The month ended June 30 has seen 4.3-8.99% gains for gold mutual funds, shows data from Value Research. This has led too high year-to-date gains on gold savings funds. Invesco India Gold Fund (31.19%), Axis Gold Fund (up 25.49%), IDBI Gold Fund(24.01%) and SBI Gold Fund (21.92%) lead the charts. Gold ETFs, which passively track gold prices, have clocked YTD gains of 24-26%, in-line with gold's swashbuckling innings.

 

The feel-good factor may stay when you look at 1-year returns as well. For the one year ended June 30, gold ETFs have clocked 16.68-17.86% gain, with UTI Gold ETF, ICICI Prudential Gold ETFand Goldman Sachs Gold ETF leading the charts. Among gold savings funds, returns ranged from 12.1 per cent to 15.8 per cent.

 

But returns for longer time horizons like 5 years change the picture drastically.

 

Gold savings funds as a theme were heavily marketed after the second quarter of 2011, a year when equity benchmark Sensex dropped by over 24%. Gold touched all-time highs in 2011, as demand for safe-haven assets grew in the face of economic turmoil and weak equity markets. Investments at those highs haven't really paid off.

 

The 5-year return for Kotak Gold Fund Regular Plan is 4.42%,Quantum Gold Savings Fund gained 5.09% and Reliance Gold Savings Fund has managed 4.7% in the same period.

 

There are nearly 10 gold ETFs with a 5-year history. In terms of returns, they have given 6.3-6.55% gains in this long tenure. Those returns are paltry. In the same five year period ended June 30, large-cap equity funds gave 4.2-16 per cent, mid-cap funds 8.38-23.91% and even debt funds (dynamic) managed 7.6-11.16%.

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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. 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

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Franklin India Short-Term Income Plan

Invest Franklin India Short-Term Income Plan Online

 

Key Highlights:

·         Open ended short term income fund whose investment objective is to provide stable returns by investing in fixed income instruments

·         Invests primarily in corporate bonds with a focus on higher accrual income

·         The fund focuses on investment opportunities at the short end of the yield curve by maintaining a low average maturity profile

·         The fund is positioned between a liquid fund and an income fund in terms of risk reward  

·         This fund is suitable for investors with a time horizon of 9-15 months with moderate risk profile who prefer higher accrual and credit quality focused debt fund

Fund Details
Average Maturity	1.84
YTM	10.38%
Duration	1.46

Load Structure:

 

Entry Load: Nil

Exit Load: 0.50% if redeemed / switched out within 1 year of allotment date.

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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

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REC and NHAI Capital Gain Bonds - Section 54EC CGTE Bonds

Rural Electrification Corporation of India Ltd (REC) & National Highway Authority of India (NHAI) have decided to reduce the interest rate applicable for 54EC Capital Gain Tax Exemption bonds w.e.f 01-12-2016. The new rate of interest for these bonds will be 5.25 % per annum.

The amount invested in these bonds, where the amount of investment is credited in Collection Accounts on or after 01^st December, 2016, the coupon/ interest rate will be 5.25 % per annum.

The amount of investment which is credited in Collection Accounts till 30.11.2016 will only be eligible for the present interest rate of 6.00% pa.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2016 - 2017

Best 10 ELSS Mutual Funds to invest in India for 2016 - 2017

1. DSP BlackRock Tax Saver Fund

2. Axis Tax Saver Fund

3. Invesco India Tax Plan

4. BNP Paribas Long Term Equity Fund

5. Tata India Tax Savings Fund

6. Franklin India TaxShield

7. ICICI Prudential Long Term Equity Fund

8. IDFC Tax Advantage (ELSS) Fund

9. Birla Sun Life Tax Relief 96

10. Reliance Tax Saver (ELSS) Fund

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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DSP BlackRock FTP Series Dividend

Invest DSP BlackRock FTP Series Online

DSP BlackRock Mutual Fund has announced dividend under the dividend option of the following schemes:

Schemes
DSPBR FTP Ser 33-24M Reg-D
DSPBR FTP Ser 33-24M Direct-D

The quantum of dividend will be the entire distributable surplus as on the record date.

The record date has been fixed as December 01, 2016.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2016 - 2017

Best 10 ELSS Mutual Funds to invest in India for 2016 - 2017

1. DSP BlackRock Tax Saver Fund

2. Axis Tax Saver Fund

3. Invesco India Tax Plan

4. BNP Paribas Long Term Equity Fund

5. Tata India Tax Savings Fund

6. Franklin India TaxShield

7. ICICI Prudential Long Term Equity Fund

8. IDFC Tax Advantage (ELSS) Fund

9. Birla Sun Life Tax Relief 96

10. Reliance Tax Saver (ELSS) Fund

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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Leave your comment with mail ID and we will answer them

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You can write to us at

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Leave a missed Call on 94 8300 8300

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