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The Reserve Bank today notified a0.1 per cent reduction each in interest rates on the Public Provident Fund (PPF) and the Senior Citizen Savings Scheme (SCSS), to be effective from the financial year beginning April 1.

The rate of interest on PPF has been lowered from 8.8 per cent to 8.7 per cent.

The rate of interest on a five year SCSS has been reduced to 9.2 per cent from 9.3 per cent for entire 2013- 14 financial year, it said.

RBI said the new rates will come into force from April 1, following government's memorandum on March 25, which advised on the rate of interest on various small savings schemes for the financial year 2013- 14.

RBI said banks should bring this content to the notice of their branches operating PPF and SCSS accounts. It also said the new rates should also be displayed on the notice boards of their branches for information of the PPF and SCSS subscribers.

Following the government's decision earlier this week, millions of small savers and PPF account holders will earn less on their post office savings schemes. However, the government kept unchanged rates on savings on deposit schemes and on fixed deposit of up to one year run by post offices at four per cent and 8.2 per cent, respectively.

Further, post office Monthly Income Schemes (MIS) of five- year maturity will earn an interest of 8.4 per cent.

The National Savings Certificates (NSC), having maturity of five and 10 years, will attract 8.5 per cent and 8.8 per cent interest, respectively, down 0.10 per cent each.

Revision in interest rates follows a decision taken by government last year to link small savings returns with market rate.

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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

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

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

ICICI Prudential Tax PlanInvest Online

HDFC TaxSaverInvest Online

DSP BlackRock Tax Saver FundInvest Online

Reliance Tax Saver (ELSS) FundInvest Online

Birla Sun Life Tax Relief '96 Invest Online

IDFC Tax Advantage (ELSS) FundInvest Online

SBI Magnum Tax Gain Scheme 1993Invest Online

Sundaram Tax SaverInvest Online

Edelweiss ELSS Invest Online

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DSP BlackRock Top 100 Fund

ICICI Prudential Focused Blue Chip Fund

Birla Sun Life Front Line Equity Fund

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ICICI Prudential Dynamic Plan

HDFC Top 200 Fund

UTI Dividend Yield Fund

Mid and SmallCap Funds Invest Online

Reliance Equity Opportunities Fund

DSP BlackRock Small & Midcap Fund

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IDFC Premier Equity Fund

Small and MicroCap Funds Invest Online

DSP BlackRock MicroCap Fund

Sector Funds Invest Online

Reliance Banking Fund

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ICICI Prudential Tax Plan

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Dividend from BOI Axa MF

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

BOI Axa Mutual Fund has announced dividend under the dividend option of BOI Axa equity eco.
The quantum of dividend under the scheme will be Rs 0.5 per unit.

Happy Investing!!

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

Leave your comment with mail ID and we will answer them

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

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

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

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

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

ICICI Prudential Tax PlanInvest Online

HDFC TaxSaverInvest Online

DSP BlackRock Tax Saver FundInvest Online

Reliance Tax Saver (ELSS) FundInvest Online

Birla Sun Life Tax Relief '96 Invest Online

IDFC Tax Advantage (ELSS) FundInvest Online

SBI Magnum Tax Gain Scheme 1993Invest Online

Sundaram Tax SaverInvest Online

Edelweiss ELSS Invest Online

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

Best Performing Mutual Funds

Largecap Funds Invest Online

DSP BlackRock Top 100 Fund

ICICI Prudential Focused Blue Chip Fund

Birla Sun Life Front Line Equity Fund

Large and Midcap Funds Invest Online

ICICI Prudential Dynamic Plan

HDFC Top 200 Fund

UTI Dividend Yield Fund

Mid and SmallCap Funds Invest Online

Reliance Equity Opportunities Fund

DSP BlackRock Small & Midcap Fund

Sundaram Select Midcap

IDFC Premier Equity Fund

Small and MicroCap Funds Invest Online

DSP BlackRock MicroCap Fund

Sector Funds Invest Online

Reliance Banking Fund

Reliance Banking Fund

Tax Saver MutualFundsInvest Online

ICICI Prudential Tax Plan

HDFC Taxsaver

DSP BlackRock Tax Saver Fund

Reliance Tax Saver (ELSS) Fund

Gold Mutual Funds Invest Online

Relaince Gold Savings Fund

ICICI Prudential Regular Gold Savings Fund

HDFC Gold Fund

Do not base your plans on immediate past of the Investment

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

Do not base your plans on immediate past of the Investment as the financial environment constantly changes

Financial planning and investing is done to have a secured financial future, and it is done looking ahead. Unfortunately for a large number of investors, the first question while starting a financial plan is not what or which assets will perform better going ahead. Usually, the first question is which stocks, or products, performed better during the previous one year. So, while the investor is planning for the future, he/she is more intent on knowing what happened in the immediate past — a perfect example of trying to take financial decisions looking at the rear view mirror.

This is also true for investing in mutual funds. And that's one of the main reasons why you read the caveat on any mutual fund-related literature: Past performance may or may not be sustained in the future.

One of the overwhelming reasons for not investing looking at the historical performance is that the investing environment is always in a state of change, and the reasons for which a product performed well the previous year have almost certainly been replaced by a new set of factors, some of which are completely different to each other.

The investment environment is constantly changing with respect to government policies, interest rates, disposable income, inflation and also economic growth. And since all these factors have a bearing on the performance of mutual funds, stocks, bonds, gold, real estate, etc, so the sectors or stocks which had given strong returns earlier may fail to repeat such a stellar performance on a continuous basis. In fact, there is every chance that an investment strategy that gave you smart returns last year, may turn out to be a complete dud, and become the reason for your losses in your portfolio in the current year.

Besides that, investments follow a demand-supply pattern over the long term. They follow a cyclical pattern, going from a phase of low buying interest to a stage of being highly sought after and then again sliding to a phase of weak demand. These cycles come (among other reasons) due to changes in the domestic and international economic climate. Ideally, one should try to buy during the lower end of the cycle.

A similar approach is often observed among mutual fund investors. They look at the schemes that have given the most fantastic returns over the past one year, two years, three years or more and attempt to zero in on the best performer. True, such performances do reflect the consistency in performance of the fund manager (if the same fund manager has managed the fund through all these years). But rarely in the history of mutual funds has a fund manager consistently outperformed others.
So the question is how to get on top of this habit of investing by looking at the past performance. One of the more realistic decisions you can take is to try and understand just the basics of investing and then try to implement the same in your portfolio. Another way out is to depend on a good financial planner or advisor.

As expounded above, you could try and understand how government policies work, if there is any pattern in policy formulations by the centre and the states that can have some major bearings on your portfolio, the interest cycle, the economic environment, global factors, etc. It might seem like a complex task to begin with. But with the help of a professional financial advisor, the learning process becomes simpler.

Financial planners also suggest two additional ways of investing for the long term. One is to go for systematic investment plan (SIP), and the other one is to settle for passive index investing. You can go for one SIP in a mutual fund scheme or several SIPs in an equal number of fund schemes, depending upon your risk appetite and the time horizon of your investments.

Under an SIP, you invest a certain amount of money each month or quarter in a particular mutual fund scheme for several years. In essence, what an SIP does is it buys more when the markets are down while it buys less when the markets are up, thus bringing to the table a practice that financial markets call rupee-cost averaging.

The other option, that is passive investing, could be done by investing through exchange traded funds (

ETFs) which are based on a broad-based index. In these ETFs, the fund manager tries to replicate the index constituents in his/her portfolio. And as the index rises or falls, the ETF also rises and falls. The strategy to invest in index-based ETFs can also help you get a better return than a strategy based on rear view investment approach, because historically it has been seen that over the long term, that is more than 10 years, in a majority of the cases passive investing had given better returns than those who tried to time the market.

Happy Investing!!

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

Leave your comment with mail ID and we will answer them

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

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

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

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

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

ICICI Prudential Tax PlanInvest Online

HDFC TaxSaverInvest Online

DSP BlackRock Tax Saver FundInvest Online

Reliance Tax Saver (ELSS) FundInvest Online

Birla Sun Life Tax Relief '96 Invest Online

IDFC Tax Advantage (ELSS) FundInvest Online

SBI Magnum Tax Gain Scheme 1993Invest Online

Sundaram Tax SaverInvest Online

Edelweiss ELSS Invest Online

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

Best Performing Mutual Funds

Largecap Funds Invest Online

DSP BlackRock Top 100 Fund

ICICI Prudential Focused Blue Chip Fund

Birla Sun Life Front Line Equity Fund

Large and Midcap Funds Invest Online

ICICI Prudential Dynamic Plan

HDFC Top 200 Fund

UTI Dividend Yield Fund

Mid and SmallCap Funds Invest Online

Reliance Equity Opportunities Fund

DSP BlackRock Small & Midcap Fund

Sundaram Select Midcap

IDFC Premier Equity Fund

Small and MicroCap Funds Invest Online

DSP BlackRock MicroCap Fund

Sector Funds Invest Online

Reliance Banking Fund

Reliance Banking Fund

Tax Saver MutualFundsInvest Online

ICICI Prudential Tax Plan

HDFC Taxsaver

DSP BlackRock Tax Saver Fund

Reliance Tax Saver (ELSS) Fund

Gold Mutual Funds Invest Online

Relaince Gold Savings Fund

ICICI Prudential Regular Gold Savings Fund

HDFC Gold Fund

How to get started on next year Income Tax Planning ?

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

Check and review last year's return. This is to ensure you won't miss out on any deductions and credits in the current year.

Get organized by setting up a simple file system, and separating your information by type, income, deductions, credits and so on.

Keep track of all your expenses and retain receipts even though you don't necessarily have to submit them with your return.

Keep more of your year-end pay cheques by equitably distributing the deductions across the 12 months.

Make your tax payments on time if you are self-employed and required to pay tax instalments during the year. This way you'll also avoid interest and penalties.

Perform a check-up on your financial health by reviewing your overall financial plan. It's easier to measure your results against objectives when every aspect of your financial life is laid out before you.

Consider taking help of a professional tax preparer. It does cost some money but consider the amount you can save in taxes and anxiety. And in case of a dispute, your preparer can represent you at the Income Tax department.

One tax-saving strategy you shouldn't ever overlook: Be sure to talk to your professional adviser to ensure you take full advantage of every tax-reducing opportunity available to you.

Well, maybe it's a little too late to practise early tax preparation this fiscal. But try it out next year and you will certainly keep more of what you earn.

Happy Investing!!

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

Leave your comment with mail ID and we will answer them

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

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

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

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