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Friday 30 March 2012

Balanced Mutual Funds - Mix of equity and debt

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   The stock market has been disappointing investors for the past five years. Market bellwether BSE Sensex has given a 2.74% annualised return amidst bouts of volatility. But what if you had mixed some bonds (or fixed income instruments in market parlance) with your equity investments? Well, you have fared a little better. According to Morningstar India, a mutual fund tracking entity, balanced funds, as a category, delivered an annualised return of 5.02% in the five years ended December 31, 2011, leaving behind large-cap equity funds (3.16%) and small- & mid-cap equity funds' category (2.97%). Does it make sense for an equity investor to invest in balanced funds now? Balanced funds offer a judicious mix of debt and equity. As equities are attractively valued with limited downside and interest rates almost peaking, one can now expect healthy risk-adjusted returns from balanced funds.  


Balanced funds are in India for almost two decades now. According to the Association of Mutual Funds in India, as on November 30, 2011, . 15,457 crore is invested in 30 open-ended balanced funds. Balanced funds, as the name suggests, try to offer an asset allocation tilted a bit towards equity. Typically, these funds invest 65-75% of their corpus in equities and the rest in fixed income instruments.


A young executive at the start of his career who wants to build a portfolio which is primarily invested in equities and rest in quality fixed income instruments can check out balance funds. "Balanced funds make a good portfolio choice for first time investors who are not aware of their risk taking capacity. Another plus point is moving toward an asset allocation or building a portfolio mix of equity and debt. A balanced fund, of course, brings in the right asset allocation. More importantly it brings in discipline in asset allocation that an individual investor may not necessarily have.


Investing in a portfolio that offers both equities and debt works for investors. Though equities offer spectacular long-term returns, they can provide low or even negative returns during an economic downturn. For a first time investor, the fall in value of his equity portfolio may be tough to handle. If his portfolio has got some allocation in debt, the interest income from such investments would offer some cushion. That is why these funds do well in downturns than diversified equity funds. In CY 2008, balanced funds lost 37.88% against a fall of 53.08% in large-cap equity funds and 59.01% in case of mid- and small-cap equity funds.

A similar performance was recorded in CY 2011, when balanced funds lost 13.47% whereas largecap diversified equity funds lost 24.33% and mid- and small-cap funds lost 24.99%.


Most investors have an uneasy relationship with volatility in the stock market. Most of them get attracted to equity in a bull run. But when the market starts going down, they trend to panic. Many of them try to sell their stocks even at a loss to get out of the market. A balance fund could offer some comfort to such investors. Balanced funds are less volatile compared to their diversified equity counterparts. Standard deviation, a statistical measure of volatility, proves the point. Standard deviation (SD) for balance funds in the last five years ending December 31, 2011 stood at 20.47. The SD for largecap diversified equity funds for the same period was 29.65 and 32.46 for small- & mid-cap diversified equity funds. For the uninitiated, lower the standard deviation, less the volatility. The adjoining table makes it clear that the balanced funds were less volatile than their diversified equity counterparts in three- and ten-year time frame too. Put simply, if you have an uneasy relationship with volatility, better stick to balanced funds.

Asset Rebalancing

Most investors know about the importance of asset allocation and rebalancing of assets periodically. However, only a few managed to practice the theory and earn superior risk-adjusted returns. Often investors fall prey to fear or greed and miss the opportunity to act. Balanced funds can be of help here, too. Fund managers have to stick to the asset allocation. Fund managers sell equity as it surges past the prescribed threshold, thus bringing money to safer fixed income. That works in favour of novice investors who need not necessarily understand when to book profits in equity investments. In falling markets, fund managers end up buying more equities, at cheaper prices. Balanced funds thus address the important challenges faced by investors, such as asset allocation and asset rebalancing, and bring discipline in investing.

Should You Buy?

Young investors looking to build a corpus to meet their medium- to long-term financial goals can invest in balanced funds. "The longer you remain invested in a good balanced fund, the better it is for your portfolio. Consider a balanced fund with a minimum one year horizon. Long-term investments in balanced funds also benefit from favourable tax treatment. "As balanced funds invest at least 65% of the money in equity, the fund is treated like an equity fund for purpose of taxation. If the investor remains invested for one year, the gains do not attract tax. It is better to opt for systematic investment plan to invest in balanced fund as most of the money is invested in equity. Sure, some smart folks would want to know why they can't manage two different funds — one equity and one debt. Sure, you can go ahead with the plan, but be prepared to pay higher taxes. Obviously, it will bring down the post-tax returns. The only and most important downside with balanced funds is the possibility of lower returns compared to diversified equity funds in the longer term. But then that would be the sacrifice you would be making for peace of mind.

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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. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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

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Stock Dividend yield

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A stock's dividend yield is expressed as an annual percentage and is calculated as the company's annual cash dividend per share divided by the current price of the stock. Ideally, a higher dividend yield indicates safety.


   Income investors value a dividend-paying stock, while growth investors have little interest in dividends. Value investors, on the other hand, look out for high dividend yields in a stock as a measure of safety.

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

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. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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

Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

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With Increase in Interest rate Small savings become attractive

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RETAIL investors chasing high-interest bearing debt instruments can also look at several attractive postal schemes, including a new 10-year National Savings Certificate (NSC), introduced by the postal department last year in December.

Scheme of things: In December 2011, the department of posts revised the interest rate for several saving schemes and aligned them with comparable returns yielded by government securities of similar maturity.

The new 10-year NSCs has been introduced by the department of posts, which will issue certificates in denomination of Rs 100, Rs 500, Rs 1,000, Rs 5,000 and Rs 10,000.

Under this scheme, Rs 100 will grow to Rs 234.35 after 10 years.

The new 10-year NSC can be purchased by an adult for himself/herself or on behalf of a minor any time of the year.

Various time deposit schemes with maturity from one year to five years under the revised interest rates, which are compounded quarterly, offer attractive rates of interest to investors.

Fixed deposits: One year fixed deposit (FD) offers 7.7 per cent, two-year FD 7.8 per cent, three-year FD 8 per cent and five-year FD 8.3 per cent.

Monthly Income Scheme: Another very attractive scheme for investors is the Monthly Income Scheme (MIS), where annual interest rate offered now has gone up to 8.2 per cent from 8 per cent earlier. However, the 5 per cent bonus offered earlier on maturity, that is at the end of six years has been discontinued from December 1, 2011. Now the scheme matures in five years.

Under the MIS, an investor can deposit a maximum Rs 4.5 lakh in a single account and Rs 9 lakh in a joint account.

For postal Public Provident Fund (PPF) scheme too with effect from December 1, 2011, the rate of interest on the subscriptions made to the fund on or after and balances at credit of the subscriber in the existing PPF account will earn an interest at the rate of 8.6 per cent per annum.

PPF's interest rate was revised upward from 8 per cent to 8.6 per cent as well and the annual investment limit has been raised from Rs 70,000 to Rs 1,00,000.


PPF is the most popular taxsaving instrument, which offers a rebate under Section 88 of the Income Tax Act. Interest accrued is tax-free.

Also, in a worst-case scenario, a PPF account cannot be attached by the government or any court of law or through any decree.

Among post office schemes, PPF continues to be attractive, but, other schemes also provide alternatives, such as bank fixed deposits and one-time issues like taxfree bonds from PFC and NHAI

Rural push: post office schemes are more suited for rural folks and for people in smaller towns where people have plenty of time, because dealing with post offices, particularly redemptions, takes a lot of time.

Core banking solution (CBS): With the banking services at the post offices now slated to have core banking features, it will be possible for post office savings account holders to withdraw money from any location through ATMs.

According to officials of the department of posts, the core banking transition process is at present underway; the customer can avail of core banking solution in 2013.

Savings accounts: The recent revision in interest rates for savings bank account and freeing of the Rs 1,00,000 limit is, perhaps, a step to align postal banking services with the soon-to-be introduced core banking solution.

Savings account maintained with post offices now from October 1, 2011, will have no limit on retaining balance in single as well as joint savings account, against Rs 1,00,000 limit earlier. A depositor or depositor(s) can deposit any amount into a single as well as joint savings account now. Maturity value of any savings instrument from the department of posts can be credited into savings account of the depositor standing in the same post office, irrespective of the balance in the account.

Earlier, depositors could not keep more than Rs 1,00,000 in a savings account.

From the financial year 2011-12, interest income of Rs 3,500 in the case of single account and Rs 7,000 in case of joint account will be exempted from income tax.

Along with core banking facilities for its customers, the department of posts is looking at new business opportunities. The department of posts has invited a feasibility report from various consultancy firms for setting up a new business structure under it for managing and developing the emerging and premium services in the postal sector.


It is in the process of preparing a project report for setting up the business structure.

The department of posts presently has a vast mandate that ranges from delivery of letters to provision of banking and insurance services. The department is focusing on the international postal business, premium services and emerging services, so that the commercial potential of these business streams is fully exploited and the services are run in a more professional manner.

The department intends to explore the feasibility and viability of setting up a dedicated, wholly-owned company for this purpose.

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

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. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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

Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

Submit filled up application Collection canter near you

Value Investing

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   There is a heated debate going on amidst the investor community on whether the domestic stock markets will fall further or not. Many analysts who were optimistic till a few months ago have now thrown in the towel. The sign of decline in the domestic macroeconomic environment has disappointed even the most optimistic investor.


   There is a sense of resignation that the stock markets will do nothing for sometime or worse may fall further. Which ever side of the debate one belongs to, the common opinion is that most stocks listed in the stock markets are available at mouth-watering valuations.

Best time for value investing    

The question that then arises is should investors pick up some stocks at the current valuations knowing fully well that their stocks can have some downside if the markets correct. The answer obviously is yes.


   Long-term or value investors with an ability to withstand some erosion in the nominal value of their portfolios should probably start investing is a staggered fashion in their favourite stocks.

Become a value investor    

Value investors rely on fundamental analysis for stock picking. Some of the world's best-known investors use fundamental analysis to choose stocks. Fundamental analysis implies understanding the company thoroughly by dissecting its past performance and on that basis trying to predict its future performance, and its stock price.


   Analysing a company's financial and operational data is indeed a time consuming long-drawn process. An easier way to understand a company would be to focus on its numbers. A company's financial numbers - earnings per share (EPS) and price to earnings ratio - can help an investor short list stocks that are worth looking at for value investing.
   

Some of the metrics that can help an investor pick stocks are:


P/E ratio    

This is a valuation ratio of a company's current share price as compared to its per share earnings. A higher price-to-earnings (P/E) ratio indicates that you are paying more for the company in anticipation of high growth. This can work both ways.
   If the investors' expectations are not met the stock price can come down sharply. Hence, a value investor goes for stocks that have lower P/E, indicating that the stock in underpriced in comparison to its performance. Today, most blue-chip companies in the domestic stock markets are quoting at lower P/E ratios.

Dividend yield    

A stock's dividend yield is expressed as an annual percentage and is calculated as the company's annual cash dividend per share divided by the current price of the stock. Ideally, a higher dividend yield indicates safety.


   Income investors value a dividend-paying stock, while growth investors have little interest in dividends. Value investors, on the other hand, look out for high dividend yields in a stock as a measure of safety.

Low debt    

Debt and equity financing are two different financial strategies adopted by a company. Debt means borrowing money for business needs. Equity shows the extent of stakeholders' cash in a company. A higher debt in a company is a danger sign because in tough times like these the company could have trouble repaying it.


   Value investors prefer companies with low debt as such a company is a safe one to invest in.

Free cash flow    

A company's earnings almost never equal the amount of cash it brings in. Companies report their financials using accounting principles, leading to a mismatch in the reported profits and actual cash a company has generated. So, while a company could be reporting a huge profit it could be making very little cash.
   Therefore, it may be a good idea to look for companies with a positive free cash flow. As with the debt-equity ratio, this metric gains significance in tough times.

Returns on capital    

Returns on capital employed (ROCE) is the rate of returns a business is making on the total capital employed in the business. Capital will include all sources of funding (shareholders' funds and debt). Ideally higher the ratio the better it is.


   This ratio indicates how well a company is using its capital. It makes sense to use this ratio on companies along with their peers to get the correct picture.

Qualitative factors    

Stock picking cannot be done on the basis of ratios alone. Qualitative factors such as management matter in a company's valuation. The ratios mentioned are good starting points to identify stocks that are fundamentally-strong for longterm investing. They can start you off on a journey to discover stocks that could be multi-baggers in your portfolio.

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

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. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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

Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

Submit filled up application Collection canter near you

Free cash flow of a company

Tax Saving Mutual Funds Online

Current open Infra Bond Application form

A company's earnings almost never equal the amount of cash it brings in. Companies report their financials using accounting principles, leading to a mismatch in the reported profits and actual cash a company has generated. So, while a company could be reporting a huge profit it could be making very little cash.
   Therefore, it may be a good idea to look for companies with a positive free cash flow. As with the debt-equity ratio, this metric gains significance in tough times.

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

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. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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

Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

Submit filled up application Collection canter near you

IIFL Mutual Fund New FMP

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IIFL Mutual Fund has launched a new fund named as IIFL Fixed Maturity Plan Series 3, a close ended income scheme. The new fund offer will close for subscription on March 29.

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

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. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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

Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

Submit filled up application Collection canter near you

Returns on Capital

Tax Saving Mutual Funds Online

Current open Infra Bond Application form

 

Returns on capital employed (ROCE) is the rate of returns a business is making on the total capital employed in the business. Capital will include all sources of funding (shareholders' funds and debt). Ideally higher the ratio the better it is.


   This ratio indicates how well a company is using its capital. It makes sense to use this ratio on companies along with their peers to get the correct picture.

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

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. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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

Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

Submit filled up application Collection canter near you

CDSL Ventures starts first KRA agency

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CDSL Ventures Ltd (CVL), a fully-owned subsidiary of the Bombay Stock Exchange (BSE) promoted Central Depository Services, today become the first KYC Registration Agency (KRA) in the country. The market regulator has made the KRA system mandatory for all client accounts opened from January 1.

A KRA is a Sebi-registered agency that centrally maintains KYC (know-your-client) records of investors on behalf of stock brokers and other intermediaries.

Investors opening new accounts with brokers will have to complete the KYC formalities only once, which will get uploaded to a KRA. In future if the investor changes the broker, the latter can retrieve the information from a KRA, unlike today, where an investor needs to undergo the entire KYC process once again. It will also benefit intermediaries or brokers, as it will save the back office and employee cost of maintaining KYC documents in physical form.

Intermediaries will benefit, as the KYC documents would be stored centrally with the KRA, which would bring down the storage cost, as these documents need to be preserved for 10 years.

Already, about 300 intermediaries have empanelled with CVL, which will perform the initial KYC of its clients and upload the details in the KRA system.

CVL would charge ~35 to intermediaries for a single KYC request. Meanwhile, KYC registration will be free for investors. There will not be any monetary incentive to intermediaries for uploading a KYC information with a KRA.

Once the KRA system stablises for Sebi, we will ask more financial sector regulators to implement the same. Sebi has already initiated preliminary talks with the regulators but everybody has their own requirements.

Sinha said the KRA initiative was aimed at easing investor experience. Earlier, the KYC process was a major irritant for investors.. There is no ceiling beyond which we won't permit KRAs. But going by the competition, there wont be too many KRAs.

NSDL, promoted by the National Stock Exchange, is also in the process of setting up a KRA.

Experts believe the KRA business might get a push once it is made mandatory for existing clients as well. At present existing clients can continue to transact with intermediaries through an already undergone KYC process.

|Investor opening a new account goes to a broker |Broker completes the KYC formalities and sends the documents to a KRA |KRA scans, digitalises and stores the documents |Investor becomes KYC-compliant |If an investor wishes to change his broker, the new broker pays ~35 to a KRA and gets access to the KYC information of client  

 

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

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. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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

Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

 

Submit filled up application    Collection canter near you

Joint holder in mutual funds

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The goal of having a joint holder in mutual funds is that in the event of the primary holder passing away, the joint holder can establish ownership of the fund units after submitting a death certificate. You will have to contact the fund company and fill out a form that will help you transfer the units in your mother's name.

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

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. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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

Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

 

Submit filled up application    Collection canter near you

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Invest in Tax Saving Mutual Funds Invest Online
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