Tuesday, September 30, 2014

SBI Arbitrage Opportunities Fund dividend

SBI Arbitrage Opportunities Fund - Invest Online

 

SBI Mutual Fund has announced dividend under the dividend option of SBI Arbitrage Opportunities Fund. The quantum of dividend shall be R0.07 per unit.

 

 

The fund house also announced dividend under the dividend option of SBI Debt Fund Series 366 Days 41 Reg-D and SBI Debt Fund Series 366 Days 41 Direct-D.

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

 

The record date has been fixed as September 24, 2014.

 

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

Leave a missed Call on 94 8300 8300

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 Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. 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
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Posted by Sameer at 11:53 PM 0 comments  

ELSS Investing - Check Risk Profile for Tax Saving 2015

 

ELSS Investing - Check Risk Profile

 

Everyone, it seems, is in love with tax-saving mutual fund schemes or ELSS (equity linked savings schemes) these days. Mutual fund advisors are recommending them to investors who are looking to hike their investments under Section 80C to save taxes.

 

Investors also seem to believe in the sales pitch of "superior returns" within three years. Section 80C of the Income Tax Act allows tax exemption of up to ` . 1.5 lakh on investments in some specified investments, and the limit was increased from ` . 1 lakh . 1.5 lakh in the last Budget. Salaried tax payers go for insurance cover, five-year bank fixed deposits (FDs), public provident fund (PPF), ELSS, among others.

 

Most investors have become positive about the stock market and they readily accept our recommendation. They know the market has given phenomenal returns in the last year, and feel that it is likely to give superior returns in the next few years because of the new central government. Tax-saving scheme category has offered around 60% returns in the last year. Many advisors are heavily banking on the buoyant stock market to peddle these schemes and are dismissive about other conservative options like a five year FD and PPF. I always used to advocate investing in ELSS, but many investors used to prefer investing in insurance policies. But now the market has picked up and more people are ready to invest in ELSS.

 

Though all these sales pitches have some truth, they are not entirely believable. For example, consider the lock-in period. ELSS has the lowest lock-in of three years among the other common choices in the Section 80C basket. Tax-saving FD comes with a five-year lock-in, whereas PPF is a 15-year account which allows partial withdrawals under certain circumstances after six years.

 

However, ELSS does not guarantee any returns, whereas bank FD and PPF come with assured returns. Also, returns from ELSS depend on the market's performance. And, as the disclaimer goes, its spectacular performance in the last year does not guarantee a repeat in the coming years. For example, the category offered 60% in the last year, but it has offered only 14% in the five-year period. It is true that people get swayed by the performance of schemes in the immediate past. But as things stands today , the prospects of this category looks. Even if you look at the long returns, 15% tax-free return after three or five years is not that small.

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

Leave a missed Call on 94 8300 8300

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 Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. 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
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Posted by Sameer at 11:28 PM 0 comments  

The Investment case for Balanced Funds

A general tendency of Indian investors is to invest in equity when the markets are surging high, while pull out money when the markets are underperforming- which may not necessarily lead to the best investment experience. Also, more often than not, in times of market volatility some investors either stay put or panic-sell their investments.

This lack of confidence could arise of out their bleak understanding of equity as an asset class. It is apt to mention here, that equities is a suitable investment for long term wealth creation. One should ride the short-term volatility with patience in order to benefit from the potential capital appreciation in the long-term.

Now with equity markets perched at record highs, certain segment of investors must be waking up to realize that they have been bereft of the upside so far. It may be a prudent strategy to add flavor of balanced funds. These funds seek to capture upside by increasing allocation to equity when the markets are declining, and limits downside by reducing exposure to equities when markets are risingcompletely reverse of what retail investors normally do.

ICICI Prudential Balanced Advantage fund is an interesting offering in this space. Also for Investors who do not wish to take too much risk, but wish to have exposure into equities, balanced funds are a good way forward. These funds are less volatile, and when the markets fall, they are less hurt than others.

Adherence to asset allocation model

Investing in balanced funds, offers the benefits of asset allocation model in a single structure. Adhering to asset allocation, spreads investments across more than one asset class thereby reducing risks and moderating the effect of an individual asset class on the overall portfolio performance. It also instils discipline in investing and helps avoid the tendency to redeem at market bottoms and invest at market tops.

However, managing debt and equity separately could be a tedious task involving churning costs, tax implications and expertise. Further, one may not be able to tactically adjust allocations to market movements. Balanced funds offer the growth of equity and the stability of debt. This diversification protects the portfolio from downside risks if either equity or debt enters a bearish phase.

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

Leave a missed Call on 94 8300 8300

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 Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. 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
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Posted by Sameer at 10:17 PM 0 comments  

Vehicle theft - How to claim insurance

 

Vehicle Theft - How to claim insurance

 

If your vehicle has been stolen, how do you make an insurance claim? The insured must inform the insurance firm and the police. The insurer's representative will help the former through the process. To make a claim, the vehicle needs to be covered under the comprehensive insurance policy, which includes third-party cover, loss / damage to vehicle as a result of an accident, fire or theft, and risks against natural calamities.

FIR

The insured must lodge the First Information Report (FIR) with the police immediately.

Claim form

The insured should call the customer service centre of the insurance company and fill the claim form, giving information like the policy number, vehicle details, as well as the date, time and description of the incident.

Documents

Submit the duly signed claim form, copies of the registration certificate (RC) of the vehicle, driving licence, policy document (first two pages), the FIR and a letter addressed to the RTO intimating theft.

Approval, settlement

After the police submits its final `non traceable report' and the claim is approved, the insured must transfer the RC of the stolen vehicle in favour of the insurance company, hand over all sets of keys and give a letter of subrogation to the insurance company.

Reimbursement

The insured must submit the original repair invoice and payment receipt to the insurer. The amount approved as per the surveyor's report will be reimbursed within seven working days.

Points to note

The insured must obtain a duplicate RC book from the road tax officer's office immediately.

In case the vehicle was taken on loan, the insurer will reimburse the payout amount to the financer, while the excess amount, if any, shall be borne by the insured.

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

Leave a missed Call on 94 8300 8300

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 Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. 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
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Posted by Sameer at 9:20 PM 0 comments  

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