How to invest in Mutual Funds Part – 2 (A guide for Non Resident Indians)

Invest In Tax Saving Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

Dividend
No dividend distribution tax on equity oriented schemes (schemes that have invested more than 50% of their total proceeds into the equity markets).

Dividend Distribution Tax (Levied on Debt Funds)
Mutual fund pays a distribution tax of 14.16% (14.16% + 2.5% surcharge*) directly to the government on dividends from fixed income funds.

Long-Term Capital Gains Tax
If the investment is held for more than 12 months, the gain is considered to be a Long Term Capital Gain and is taxable at 11.00% (10% + 10% surcharge*) if you do not account for inflation or at 22% (20% + 10% surcharge*) if you adjust your base for inflation.

Short-Term Capital Gains Tax
If the investment is held for less than 12 months, the gain is considered a Short Term Capital Gain and is taxable at the individual's appropriate marginal tax rate that is currently capped at 33 % (30% + 10% surcharge*).

STT
Tax will be deducted at the rates prescribed under the relevant finance act by the mutual fund at the time of redemption.

The investor is provided a tax deduction certificate by the mutual fund for the tax deduction.

Surcharge
There is no surcharge if your annual taxable income in India is less than Rs. 8,50,000.

Happy Investing!!

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

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

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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. 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

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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
2. 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
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFundsInvest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund