IDFC Tax Advantage (ELSS) Fund

  

IDFC Tax Advantage (ELSS) scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.

IDFC Tax Advantage (ELSS) Fund  which has earned its stripes by beating its benchmark every year except the first one (2009). This performance has earned it a four-star rating for much of the last three years.

The fund has a higher-than-category allocation to both mid-cap and small-cap stocks. Mid caps have made up anywhere between 30 and 45 per cent of the portfolio. Large caps have accounted for 40-50 per cent. Small caps have made up 20 odd per cent. The fund is managed on the basis of a growth-at-a-reasonable-price philosophy. It does take both cash and debt calls on occasion. The fund believes in identifying companies based on a deep understanding of the industry-growth potential and interaction with managements.

The fund is yet to be tested in a severe bear market, as it was launched after 2008. Its record in 2011 showed ability to contain downside. The fund has beaten its benchmark by sizeable margins of 5-6 percentage points over three and five years, though one-year returns show it lagging behind the category. The fund hasn't been a huge category outperformer but a return of 20 per cent (since launch) is not to be scoffed at. The higher mid- and small-cap tilt, however, may peg up volatility if the latter's high valuations prompt a correction.

Investors can take smaller exposures to this fund until a longer track record is at hand.

 

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

 

Franklin India Dynamic Accrual Fund

Invest Franklin India Dynamic Accrual Fund Online

Key Highlights:

·         Open ended income fund with primary investment objective to generate a steady stream of income through investment in fixed income securities

·         The fund is positioned in the long term bond fund category that focuses investment in high quality fixed income instruments across segments ie GSecs, Corporate Bonds and Money Market instruments

·         The fund manager strives to generate steady return in the fixed income market by actively managing the fund's portfolio on interest rate movements and credit risk

·         The fund is suitable for investors with a time horizon of 1-2 years having moderate risk profile

Fund Details
Average Maturity	2.25
YTM	10.62%
Duration	1.75

Load Structure:

Entry Load: Plan A:Nil

Exit Load: Exit Load 3% if redeemed within 12 mths of allotment, 2% if redeemed after 12 mths but within 24 mths of allotment and 1 % if redeemed after 24 mths but within 36 mths of allotment ; 0.50% if redeemed after 36 mnths but within 48 months from the date of allotment.

 

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

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

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

 

Best ELSS Funds for 2017

Best 10 ELSS Mutual Funds in India for 2017

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

Tata Equity PE Fund Dividend

Tata Mutual Fund has announced dividend under the dividend option of Tata Equity PE Fund. The quantum of dividend shall be Rs 1.06 per unit.

The record date has been fixed as February 08, 2017.

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

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 SaveTaxGetRich 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

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

ICICI Prudential FMP Roll over

ICICI Prudential Mutual Fund has extended the maturity of ICICI Prudential FMP - Series 72 - 370 Days Plan G by 120 days.

Subsequent to the roll over the scheme shall mature on June 15, 2017.

The existing maturity date of the scheme is February 15, 2017.

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

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 SaveTaxGetRich 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

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

 

e-KYC using Aadhaar

For equity investors, there will be an additional requirement of a PAN card and a cancelled cheque

 

Financial transactions — opening a bank account, investing in a mutual fund or even applying for a personal loan - would require the investor or borrower to go through a tight Know Your Customer (KYC) procedure. The process takes anywhere between two and 30 days to be completed.

With the Unique Identification Authority of India (UIDAI) allowing authorised entities to access its database, things have become simpler for investors, policyholders and borrowers who wish to transact by using their Aadhaar card.

Motilal Oswal recently launched the completely paperless, e-KYC instant trading and demat account facility, becoming the first brokerage to do so in India. Customers who have an Aadhaar card can now open a trading and demat account completely online without any physical documentation in 15 minutes and start investing immediately.

Once the customer gives basic details including Aadhaar number, we send a request to UIDAI. The client, then, gets a one-time password (OTP) on their UIDAI-registered mobile number and email ID. Once the client enters the OTP in our system, we access the required details (personal and address) from the UIDAI database,.

But, how does one transact? In case of an equity account, the customer has to upload copies of PAN and a cancelled cheque. If it is an futures and options account, he has to upload a copy of an income tax return as well.

Bankbazaar.com, the online market place for banking and financial products, too, is planning to offer the Aadhaar eKYC system. Now that the government has opened up the UIDAI data base, authorised entities like us can use that to validate proof of identity of our customers and use it as a substitute for paper documentation. We need not collect documents from customers who apply for loans, etc through our website.

Today, customers have to give documents for proof of identity, address and date of birth while applying for a loan or credit card on Bankbazaar's website. But, once e-KYC is rolled out, the process will become completely paperless.

Some banks offer e-KYC. In such cases, Bankbazaar will be able to forward the application without any documents. If not, customers may still have to show documents to the bank. For instance, Axis Bank offers e-KYC. So, if you walk into a branch or kiosk of the bank, you can open an account using only your Aadhaar number, without any other paperwork. Using your Aadhaar number bank can access your proof of identity and residence from the UIDAI database, says a spokesperson from the bank. Once your account is opened, applying for a loan or purchasing any other investment product from the bank can be done easily. Regulators are pushing for the Aadhaar e-KYC system. Once that happens, more banks will offer e-KYC

Home Insurance Policy

 Buy Home Insurance Policy Online

 1. What is home insurance policy?

Home insurance is a type of property insurance that covers losses caused by fire, natural disasters, burglary or terrorist attacks. The policy has two layers -it pays for re construction of the structure and for loss of contents in the accident.

Structure insurance would pay for physical structure of the build ing, home or apartment.

It does not pay the cur rent market value of the house or the building but only the cost to reconstruct it. Content insurance pays for belongings like furniture, televi sion, refrigerator and jewellery . Some policies also pay for alternative accommodation when the structure is being re constructed.

2. What are the exclusions?

In case of jewellery , there is a cap on how much an insurer pays under the policy . Home insurance policy pays for bur glary but not for losses due to theft. Also, one has to file an FIR to get claim. Second, insurer may not pay for the actu al value of content but the depreciated value.

3. Is it different from the policy bought by a housing society?

Housing societies generally buy insurance that covers the cost of reconstructing the structure of the building. The risk of damage to the content lies with the home owners.In very few cases, the builder or the society buys group property insurance.However, the exposure is limited.

4. What are the most common claims on home owner's policy?

Like motor insurance, home in surance is not mandatory .

Typically , insurers have seen huge home insurance claims from events like earthquake and floods. Most recently , the industry had paid for home insurance during the floods in Chennai.In India, the economic losses are six times that of insured losses. In 2015, there were 25 natural catastrophic events. According to a Swiss Re report, the severe flash floods in Chennai in November last year were the largest disaster, causing estimated economic losses of $2.2 billion whereas insured losses were around $755 million, making these floods the second costliest insurance event in India on sigma records.

5. How big is the industry and what are the parameters to look for while buying home insurance?

The home insurance industry is less than `500 crore. There are 33 crore houses in India, of which around 12 crore are insurable. The premium potential of home insurance is around `5 lakh crore. While buying home insurance policy , one must look into the level of cover required and the cost of items covered. One also needs to review contents every year, depending on the valuables added or value depreciated.

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

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 2017

Best 10 ELSS Mutual Funds in india for 2017

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 2017 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

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