Wednesday, March 28, 2012
by
Indian Real Estate News
Tax Saving Mutual Funds Online
Current open Infra Bond Application form
L&T Mutual Fund, the asset management arm of the L&T group, will buy Fidelity Mutual Fund in India for an undisclosed amount. For about two months now, US based Fidelity's management has been in talks with several bidders to sell its India fund management operation and L&T MF emerged as the winner although it was not the highest bidder, sources said. What tilted the deal in favour of L&T MF was its willingness to retain a large part of Fidelity MF's existing staff in India. This is L&T MF's second acquisition in the last two years, the first being the buyout of the mutual fund business of DBS Chola in January 2010.
Although the companies did not disclose the transaction value, sources said that the deal was valued at about Rs 550 crore, or about 6% of Fidelity's assets under management (AUM), which as of December 2011 was at about Rs 8,900 crore. Of the total AUM, about 70% is in equity assets while the balance is in debt.
The combined entity, with about Rs 13,000 crore in AUM, will be the 13th largest fund house in India and 10th in terms of equity assets.
As part of the deal, Fidelity's equity fund management team will work with L&T MF's team for a smooth transition, and move out to Fidelity's fold.
---------------------------------------------
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 )
- HDFC TaxSaver
- ICICI Prudential Tax Plan
- DSP BlackRock Tax Saver Fund
- Birla Sun Life Tax Relief '96
- Reliance Tax Saver (ELSS) Fund
- IDFC Tax Advantage (ELSS) Fund
- SBI Magnum Tax Gain Scheme 1993
- 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
Posts
0 comments:
Post a Comment