Franklin India Multi Asset Solution Fund Manager Change
Franklin Templeton Mutual Fund has changed the fund manager of Franklin India Multi Asset Solution Fund from Peeyush Mittal to Anand Radhakrishnan with effect from February 27, 2015.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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Type of Scheme | A Close Ended Equity Scheme |
Benchmark | CNX Mid cap |
Fund Manager | Mr. Ravi Gopalakrishnan & Mr. Krishna Sangavi |
New Fund Offer (NFO) Period | 02ndFeb 2015 to 16th Mar 2015. |
Minimum Application Amount | Rs. 5000 and in Multiples of Rs.10 thereafter |
Plans/ Options Offered | Regular - Growth & Dividend Payout Facility Direct Plan - Growth & Dividend Payout Facility |
Liquidity | To be listed |
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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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
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Over the last fortnight, 1-year certificate of deposit (CD) rates have risen 30 basis points to around 8.85%.Wealth managers said rich investors who partly booked profits in equities before the Union Budget this Saturday are parking their money in these ultra short term bond schemes.
According to fund managers, money market rates typically peak out in February and March, and then come down in the new financial year as liquidity improves. Corporates and individuals withdraw funds to pay year-end taxes that lower liquidity, leading to a spurt in short-term rates.
Given the duration of the fund, investors could earn anywhere between 9-11%, for a timeframe of 45 days to 90 days.
As the year ends and the new financial year sets in, liquidity will improve as government spending will set in the new financial year. In addition, demand for credit during first quarter of the financial year is low and deposit growth outpaces credit growth. This helps in easing system liquidity during this period.
Ultra short-term funds will generate higher accrual income from elevated money market rates and also generate capital appreciation once money market rates start falling, said fund managers The government is running huge surplus in its account with RBI. The surplus will only shore up further owing to government raising over Rs 250 billion (cash inflow as part payment) through spectrum auctions, stake sales of PSUs and advance tax collections in March. On the other hand the government will curtail spending to keep fiscal deficit in check at 4.1% of GDP given that deficit has already crossed 100% of budget as of December 2014.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
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
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Most salaried individuals believe that their employers' group health insurance is adequate. If you are among them, you could be wrong. Companies across sectors are cutting down on the range of benefits that they are providing their employees. According to insurance broking firm Marsh India, over 70% of employers surveyed in 2013 had modified their health plans between 2011 and 2012 to manage the rising healthcare costs. The changes included partial or full withdrawal of parental coverage, imposition of rent restrictions and cost sharing with employees on claims. Industry watchers believe that the trend is likely to continue this year. Parents' policies are slowly moving from an employer-funded to an employee-funded model. This trend is likely to continue and expand to more organisations.
Maximise Protection
Now that the benefit of covering your senior-citizen parents may be done away with, how can you bridge the gap? An independent cover will help you during a job switch and make up for any shortfall in coverage. "Before putting in one's papers, the employee should enforce the portability provision and get his parents ported to a retail policy with the same insurer.
To boost your protection, you could buy an indemnity-based regular health insurance, a fixed benefit policy or a top-up plan. The combination would depend on your age, city of residence, preferences, risk appetite and, of course, affordability. For employees over 45 years old, it is advisable to go for an indemnity cover. They can carry on with this cover even after retirement. According to insurance advisers, a family of four (a couple and two children), living in a metropolis, requires a minimum cover of `10 lakh. If you need a larger cover, you can opt for an indemnity based cover of `5 lakh and a top-up plan for the balance.
Under a regular health policy, several expenses are not covered. For instance, an attendant's commuting expenses. Defined plans promise to hand out a pre-determined amount, irrespective of the actual expenses incurred when a claim is made.
Daily cash variants have to be purchased in addition to reimbursement covers. If your cash plan pays, say , `1,000-3,000 per day , it is barely going to cover the room rent
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
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
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
 URL's |
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
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
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Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Sundaram Mutual Fund has revised the exit load of the following schemes:
| Scheme Name | Existing exit load | Revised exit load |
| Sundaram Income Plus | 2 % if redeemed within 1 year 1.50 % if redeemed between 1 year-1.5 years | Nil |
| Sundaram MIP-Aggressive Plan | 2% if redeemed within 12 months 1.50% if redeemed between 12 months-18 months 1% if redeemed between 18 months-24 months |
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
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
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
A ELSS Fund
The scheme aims to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent from time to time.
The fund was rated five stars for the first time in October 2013. Since then, it has been rated five stars in the last ten out of 13 months. The fund turned around in 2010 after struggling in its initial years. It posted its highest returns in 2011 when it beat its benchmark by 12 per cent. The better performance coincides with the change in the management in the same year. The fund has outperformed the benchmark by 7 per cent in the three- and five-year periods. Among the top five performers in the five-year period, the fund has performed well in both bear and bull phases in the last few years.
It is biased towards large-cap stocks in its portfolio and its exposure to mid-cap stocks is lower than its peers'. Currently, the fund is overweight on stocks in sectors such as communications, services, financials and engineering as compared to its benchmark. The fund believes that companies make money for investors and it picks companies based on its investment philosophy of 'BMV': book value, management and valuations.
The fund is currently betting on private sector banks, telecom and cement. The fund is also investing in some companies in the oil and gas sector as well as in the consumers of crude derivatives as it believes that falling commodity prices, especially crude, will benefit them. It is underweight on mining, metals and FMCG sectors. This tiny fund (it manages only around R300 crore) is suitable for investors with a moderate risk appetite.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
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
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
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