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Tax implication on gifting something to close relatives
The person who gives the gift can never claim any income tax deduction or exemption from his/her income
Top 10 Tax Saver Mutual Funds for 2017 - 2018
Best 10 ELSS Mutual Funds to invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. ICICI Prudential Long Term Equity Fund
5. Birla Sun Life Tax Relief 96
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2017 Tax Saver Mutual Funds Online
Invest Best Tax Saver Mutual Funds Online
Download Top Tax Saver Mutual Funds Application Forms
For further information contact SaveTaxGetRich on 94 8300 8300
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Tax benefit for Investing in Atal Pension Yojana contributions for spouse?
The tax benefit under section 80CCD (1B) can only be availed on contributions made in your own name
Top 4 Tax Saver Mutual Funds for 2017 - 2018
Best 4 ELSS Mutual Funds to invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. BNP Paribas Long Term Equity Fund
Invest in Best Performing 2017 Tax Saver Mutual Funds Online
Invest Best Tax Saver Mutual Funds Online
Download Top Tax Saver Mutual Funds Application Forms
For further information contact SaveTaxGet Rich on 94 8300 8300
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DIFFERENT RISK PROFILES
Unlike funds with a clearly defined investment universe -- large-cap, midcap or even multi-cap schemes in the ELSS category do not specify their investment focus. While these schemes have the flexibility to invest anywhere, most tend to follow a defined template.
For instance, some funds take a distinct large-cap tilt with a limited exposure to mid or small-cap stocks. Others prefer a higher exposure to the small-cap basket, with a modest large cap exposure, mostly intended to ensure liquidity in the portfolio. Some maintain a balanced portfolio, while a few adopt a more fluid approach, changing the portfolio mix according to market circumstances.
This difference in investment focus is evident in the portfolio of ELSS schemes. While the median portfolio market capitalisation (average market cap of a company a fund invests in) for ELSS funds is around Rs 36,000 crore, there are schemes with average portfolio market cap as high as `87,500 crore and as low as `13,000 crore, highlighting the disparity in the portfolio construction across ELSS funds.
A differentiated approach to portfolio construction means that the risk profile of ELSS funds varies substantially across schemes. Fund selection, therefore, is critical. The choice of fund should ideally be based on your risk profile, and not purely on a fund's return profile.
Investors should identify the nature of underlying exposure of the ELSS funds to ensure that the scheme objectives are in line with their own requirements.
If you are looking for an aggressive tilt and higher alpha or excess returns and can stomach volatility, then a scheme with a clear mid-cap bias would suit you better. Funds like Reliance Tax Saver, Sundaram Tax Saver and IDBI Equity Advantage come under this category .
For those who prefer stability over alpha, funds with a conservative, large-cap orientation would be a better fit. Franklin India Taxshield, DHFL Pramerica Tax Savings and Edelweiss Tax Advantage comprise such funds. Schemes like Axis Long Term Equity, Birla Sun Life Tax Plan, ICICI Prudential Long Term Equity, among others, have a more balanced portfolio.
Identifying the investing focus can also help you zero in on an ELSS fund that best complements your equity fund portfolio. If your existing portfolio is heavy on large-cap funds, you may opt for a tax-saving fund that focuses on mid-caps. Investors need to assess the risk-adjusted performance of funds in this category. It is critical that investors understand the risk involved owing to the portfolio mix. Mid-caps can fetch far higher returns but can witness a sharp fall during a correction. Also, keep an eye on the expense ratio while selecting the fund. A high expense will eat into your returns over time.
Already INVESTED IN ELSS Funds? What Next
For existing investors, this may be a good time to review their investment and see if the fund merits a place in your portfolio.
Some investors have the habit of opting for a different ELSS fund every year. This is far from ideal. Since you would also be holding a few traditional diversified equity funds, having more ELSS funds will lead to an overlap in your portfolio.
Try to limit your ELSS investments to one or two schemes. A financial adviser would be best placed to guide you towards the right ELSS fund, after considering your existing investments and risk profile. Don't be in a hurry to redeem your investment after the mandatory three-year lock-in period. Experts suggest staying with the fund for as long as one can.
Also, tax saving should not be the sole criterion for picking an ELSS fund. These funds are also suited for wealth creation over a long term and patient investors can reap rewards by staying invested for a reasonable period.
Top 10 Tax Saver Mutual Funds for 2017 - 2018
Best 10 ELSS Mutual Funds to invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. ICICI Prudential Long Term Equity Fund
5. Birla Sun Life Tax Relief 96
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2017 Tax Saver Mutual Funds Online
Invest Best Tax Saver Mutual Funds Online
Download Top Tax Saver Mutual Funds Application Forms
For further information contact SaveTaxGetRich on 94 8300 8300
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This is a fund which has earned its stripes by beating its benchmark every year except the first one (2009). This performance has earned it a four-star rating for much of the last three years.
IDFC Tax Advantage Fund has a higher-than-category allocation to both mid-cap and small-cap stocks. Mid caps have made up anywhere between 30 and 45 per cent of the portfolio. Large caps have accounted for 40-50 per cent. Small caps have made up 20 odd per cent. The fund is managed on the basis of a growth-at-a-reasonable-price philosophy. It does take both cash and debt calls on occasion. The fund believes in identifying companies based on a deep understanding of the industry-growth potential and interaction with managements.
IDFC Tax Advantage Fund is yet to be tested in a severe bear market, as it was launched after 2008. Its record in 2011 showed ability to contain downside. The fund has beaten its benchmark by sizeable margins of 5-6 percentage points over three and five years, though one-year returns show it lagging behind the category. The fund hasn't been a huge category outperformer but a return of 20 per cent (since launch) is not to be scoffed at. The higher mid- and small-cap tilt, however, may peg up volatility if the latter's high valuations prompt a correction.
Investors can take smaller exposures to this fund until a longer track record is at hand.
Top 10 Tax Saver Mutual Funds for 2017 - 2018
Best 10 ELSS Mutual Funds to invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. ICICI Prudential Long Term Equity Fund
5. Birla Sun Life Tax Relief 96
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2017 Tax Saver Mutual Funds Online
Invest Best Tax Saver Mutual Funds Online
Download Top Tax Saver Mutual Funds Application Forms
For further information contact SaveTaxGetRich on 94 8300 8300
------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
Invest [at] SaveTaxGetRich [dot] Com
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Credit risks are computed based on factors that impact future cash flows of the borrower or issuer since that defines their ability to repay.
Rating agencies analyse borrowers or issuers in an effort to measure the credit risk of the particular debt security and publish the results as ratings for lenders to read and compare.
If a security has a low rating (BBB or lower), the borrower or issuer has a high risk of default; if it has a high rating (AAA is the highest), it is considered to be a safe investment.
If there is a higher level of perceived credit risk, investors and lenders demand a higher rate of interest for their capital.
Top 10 Tax Saver Mutual Funds for 2017 - 2018
Best 10 ELSS Mutual Funds to invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. ICICI Prudential Long Term Equity Fund
5. Birla Sun Life Tax Relief 96
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2017 Tax Saver Mutual Funds Online
Invest Best Tax Saver Mutual Funds Online
Download Top Tax Saver Mutual Funds Application Forms
For further information contact SaveTaxGetRich on 94 8300 8300
------------------------------
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Invest [at] SaveTaxGetRich [dot] Com
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These charges will only be applicable on cash transactions at branches and ATM withdrawals will not be considered in calculating the number of transactions.
he free transaction limit is different for different banks and is also based on the types of accounts. However, the restrictions are largely aimed at savings bank accounts.
The move is in line with the government's efforts to move towards a cashless society.
The new rule would negatively impact people who make withdrawals for daily or weekly use, or those who frequently transfer money from one city to another to their families.
Top 10 Tax Saver Mutual Funds for 2017 - 2018
Best 10 ELSS Mutual Funds to invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. ICICI Prudential Long Term Equity Fund
5. Birla Sun Life Tax Relief 96
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2017 Tax Saver Mutual Funds Online
Invest Best Tax Saver Mutual Funds Online
Download Top Tax Saver Mutual Funds Application Forms
For further information contact SaveTaxGetRich on 94 8300 8300
------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
Invest [at] SaveTaxGetRich [dot] Com
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Call us on 94 8300 8300
Professional Loans fall in the category of unsecured loans as there is no collateral involved.
As the default ratio is very low in this segment, professional loans have lower rates, higher loan amounts and easier processing facilities.
The loan tenor ranges from 1 to 5 years and the loan amount can go up to `30 lakh or even higher, depending on the current income and repaying capacity.
The degree certificate and in most cases a minimum post qualification experience is required to avail of this loan.
Top 10 Tax Saver Mutual Funds for 2017 - 2018
Best 10 ELSS Mutual Funds to invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. ICICI Prudential Long Term Equity Fund
5. Birla Sun Life Tax Relief 96
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2017 Tax Saver Mutual Funds Online
Invest Best Tax Saver Mutual Funds Online
Download Top Tax Saver Mutual Funds Application Forms
For further information contact SaveTaxGetRich on 94 8300 8300
------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
Invest [at] SaveTaxGetRich [dot] Com
OR
Call us on 94 8300 8300
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