HDFC Midcap Opportunities - Mid Cap Equity Fund

Wednesday, January 31, 2018 by Indian Real Estate News

Best SIP Funds Online

In our opinion, manager Chirag Staved ranks amongst the best portfolio managers in the small/mid-cap space. He has been managing this fund since its inception in June 2007. There is a perceptible quality bias in the investment style, characterized by investments in companies with strong management teams and robust business models. The manager is a patient investor with a long-term investment horizon, which jells well with the quality bias. Given the bias for quality stocks, we expect the fund to underperform the competition in market phases where momentum is in play, but does extremely well over the long term

SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich

For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

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Buying Auctioned Homes

by Indian Real Estate News

Best SIP Funds Online

Repossessed properties sold by banks can appear to be a steal for bargain hunters, but they come with their own set of risks.

Buyers should remember that a bank's claim on a property put up for auction is restricted to the outstanding loans against it. Thus, the base price is determined by the outstanding amount.

This explains why auctioned properties usually go at a discount to the prevailing market price, and this discount can be as high as 30% in some cases.

However, retail investors find it difficult to bid for such properties as high networth real estate investors usually corner them with the help of bank managers, agents, etc. Though the introduction of online auction platforms has made the process more transparent now, the risks involved with these properties remain. The properties are auctioned on an "as is, where is" basis. This means the bank in question will not take any responsibility should any issues arise with the property in future.

This is the opposite of a normal house purchase deed, where the buyer can put a clause asking the seller to indemnify the buyer from any encumbrance on the property prior to the date of registration. "Since these auctioned properties are coming with an 'as is, where is' clause, the banks don't take any responsibility. Prospective buyers need to make sure that the risk is commensurate with the discount they are getting

1. Loans from other lenders
The bank that auctions the property will cover all its dues, but there is no guarantee that the same property is not mortgaged with other lenders. This problem is more acute on land parcels than constructed residential flats or on commercial properties.

This is because most lenders insist on original sale agreement, share certificates and no objection certificates from the housing societies, etc and therefore, you get a fair idea by getting details from there. However, you have to independently verify, in addition to the documents given to you by the bank, with other agencies like municipalities, tax authorities, etc for land being sold. "Since India doesn't have a unique property id, it will be difficult to locate all mortgages linked to that

Also make sure that if it is a joint property, all owners are also co-borrowers for the loan and thus bound by the auction process by the bank. Else, other owners can create trouble later.

2. Other outstanding dues
Though a bank will recover its dues fully from the bid amount, the bid winner has to bear all the related liabilities on that property like pending society dues, electricity bills, property tax, etc. Sometimes, these dues can be substantial, warns Kapoor of Liases Foras. This is because people default on housing loan EMIs last. There is high probability that the borrower might have defaulted on other expenses before that.

Meeting the society members and asking them about pending dues is one way of going about it. However, you have to verify other dues like electricity bills, gas bills, etc yourself. Pending stamp duty claims, if the previous owner has shown less value at the time of registration and the department has raised any claim on that, can be another issue. This can be verified by comparing the value shown with the prevailing rates in that area. For under-construction properties, some dues may be pending

3. Property titles
Generally, it is assumed that the property titles are clear because banks have already lent against it. However, this may not be true. With competition picking up, there are several instances of banks lending against properties with not so clear titles. For instance, for buildings that don't even have occupation certificates. Even if the banks might have taken full precaution at the time of giving loans, illegality might have happened later.

4. Tenants in the house
The chance of earlier owners staying in the house is less because banks usually ask them to vacate before auctioning the property. However, if it is already let out, the tenants may be still staying in the house and it becomes your responsibility to evict them. Freeing a house of its tenant is difficult in India, especially if the tenant has been staying there for long. The best strategy is to avoid a house which is already occupied

5. Physical condition
The existing owners will stop paying towards the upkeep of a property once they realise they are going to lose it. Even before the property is auctioned, the existing owners might stop maintening it due to financial stress. While this is not a very big issue, you do need to visit the house and also the locality to assess the situation.

SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich

For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

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IDBI Small Cap Fund

by Indian Real Estate News

Invest in ELSS Funds Online and Save Tax

Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Top Performing Tax Saving ELSS Funds. Save Tax Get Rich

Top 10 Tax Saving Mutual Funds of 2018

Best 10 ELSS Mutual Funds to Invest in India of 2018

1. Tata India Tax Savings Fund

2. Mirae Asset Tax Saver Fund

3. DSP BlackRock Tax Saver Fund

4. Sundaram Diversified Equity Fund

5. Birla Sun Life Tax Relief 96

6. ICICI Prudential Long Term Equity Fund

7. Invesco India Tax Plan

8. Reliance Tax Saver (ELSS) Fund

9. Axis Tax Saver Fund

10. BNP Paribas Long Term Equity Fund

Invest in Best Performing Tax Saver Mutual Funds of 2018

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact SaveTaxGetRich on 94 8300 8300

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

Call us on 94 8300 8300

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IDFC CLASSIC EQUITY FUND

by Indian Real Estate News

SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich

For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

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How to prevent life insurance claim rejection

by Indian Real Estate News

Best SIP Funds Online

Jyoti Thakur (name changed) was shocked on being told that her claim to her late husband's life insurance policy had been rejected. The insurance company had, in a detailed letter, explained how her husband had failed to disclose necessary information while buying the insurance policy. This is not the first instance of claim rejection due to erroneous disclosure or hiding relevant information while taking a policy. In a recent report, the Insurance Regulatory and Development Authority of India (Irdai) had published data of claim settlement ratio submitted by various life insurers companies. The companies said most claims get repudiated due to non-disclosure of health conditions, misleading details of income and occupation and withholding of insurance with other companies prior to applying for the policy.

Correct details in proposal form

People insure themselves or their loved ones to ensure availability of adequate funds in case of sudden death of the insured having financial responsibilities. The provisions of insurance work like any other contract; albeit, it must be done in utmost good faith. For this, the insured person is required to disclose any potential matter that may influence the insurer's decision to accept the risk of loss.

The information submitted in the proposal form is the basis of contract between the insurance company and the insured, and it determines if the former is liable to pay the mutually consented amount to the nominee in case of death of the life insured. The amount of payment varies according to the terms stated in the contract and the premium paid (single payment or in instalments). Those seeking any kind of life insurance must ensure that they fill in accurate name (of both the insured and the nominees), correct mailing address and other contact details such as phone number and email id, pre-existing diseases, etc.

To avoid any possibility of dismissal of insurance claim, the insured must fill in correct details regarding:

Occupation and income: The maximum life cover allowed by any insurance company depends on the level of income, thus, necessitating the insured to provide right details of his/her income. Authenticity of income details may be determined by submission of last pay slip along with the Income Tax Return (ITR) filed. For those employed in risky occupations including aviation, army, police, defence services or mining jobs, giving information about the nature of job is especially important as the underwriting criteria decided by the insurer requires an added load to the premium paid.

Details of health: Insurance proposers tend to avoid filling details regarding health conditions fearing that information on any ailments may result in the insurer rejecting the contract or asking for a higher premium. It must be understood that insurance companies do not deny any scope for insurance to those afflicted with specific diseases or health troubles, but only after a proper and detailed medical examination along with extra premium.

History of illnesses in the family: Details of correct age along with health details of family members are important owing to the hereditary nature of certain diseases. Two or more people in the family succumbing to some specific illness that may be genetic in nature or exhibiting suicidal tendencies indicates a higher risk of death of those insured, and hence, attract higher premiums.

Taking a life insurance policy in the age of uncertainty is a way to show your loved ones that you care. Since the process involves underwriting a legal contract, it is necessary that extreme caution is taken while filling out the form. This will ensure timely and complete payment of the claim to the nominee.

SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich

For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

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Tax liability on sale of Housing Society flat

by Indian Real Estate News

Best SIP Funds Online

Where an assessee acquires a capital asset under a gift or will, cost of acquisition of the property shall be deemed to be the cost for which the previous owner acquired it. This deemed cost of acquisition will have to be subtracted from the sale considera-tion for the purpose of computing income under the head 'Capital Gains'. If entire sale proceeds are used to purchase/ build a new house within three years, then the entire capital gain shall be exempt. In this case, if only 50% of the sale consideration is spent on the purchase of flat, only 50% of the capital gains shall be exempt.

SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich

For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

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Why you must buy Insurance ?

by Indian Real Estate News

Best ELSS Funds Online

Have you got clumsy hands? Does your mobile slip too often? How do you protect it? With a mobile cover and a screen guard. Some even go to the extent of insuring their gadget. All this, because you absolutely love your phone.

How about insuring your life. Most of us think, life insurance is for old age. But this is not the truth. All our life we constantly work hard to earn money for our family but the thought of securing their future with a plan comes seldom.

Insurance remains the most ignored part of investment planning. Insurance penetration marginally rose to 3.4% in 2015 from 3.3% in 2014. While penetration for life insurance stood at 2.7%, it was below 1% at 0.7% for non-life insurance, as per IRDAI Report 2015-2016.

Although planning should begin with insurance, most of us do not realise the need for it. It's a stark reality but most of us buy insurance for tax planning only. The fact is that insurance is not for us, it's for our family.

Financial planning without insurance is futile. Though investment and insurance are two different concepts. Both complement each other and the key for wealth creation lies in finding the right balance. Securing the future is as important as investing for it.

Insurance pays in future by acting as a financial backup for the family's wellbeing when you are not around. Insurance gives the much needed financial support at the time of emotional disruption for someone losing his loved one.

The money received by the family can be utilised to repay a loan or any bigger liability when the breadwinner is no more there.

Even in the absence of the earning member, money goals can be fulfilled if the future expenses are secured with a life insurance plan in time. There is no right age to have insurance. One should buy insurance the day your family is financially dependent on you. You can nominate your parents, spouse or children.

Most financial instruments including bank savings accounts, demat accounts, PPF, even mutual funds ask you to name a nominee. But since it's not compulsory, we usually miss out on the same. In case of insurance, it's mandatory by regulation to name a nominee. This helps in smooth transfer of money to your chosen nominee in case something happens to you.

There are mainly two types of insurance: Life and Non-Life. Life Insurance plans include endowment, whole life, term plans and ULIPs. While Term Plans act as life cover . Endowment and Whole Life Plans are long-term plans that come with wealth protection features. Many of these policies over guaranteed returns, thus affecting the overall returns. Among non-life insurance, health plans are the most common.

Today, when investments are shifting to the online platform and all the receipts are delivered in email account, the world of insurance has changed too. You can buy insurance at the click of a button.

You can buy all kinds of insurance online. For the aggressive investors ULIPs can be a great bet. Unit Linked Insurance Plans are participating plans that can garner smart returns, comparable to mutual funds, because of the equity advantage. ULIPs invest the premium paid by you in different funds and the fund value depends on the stock market performance.

Experts believe, equity market has the capability of giving double digit returns if held for more than 10 years.

While MF provide good returns, there is no life cover attached to it. On the other hand, in case of ULIPs either the higher of the cover amount or the fund value of the ULIP is paid out, or both the fund value and cover amount is paid out on death –depending on the type of ULIP chosen.

A family floater usually covers spouse, children and dependent parents. But it's wiser to buy separate policy for senior citizens in the family. As the premium is calculated according to the age of the oldest member. It's always better to add a health insurance plan to your portfolio at the earliest to get the age advantage. Health insurance is of great help in case of an emergency.

You can choose from cashless and reimbursement option on case of mediclaim. All that is required is 24-hour hospitalisation for the members covered in the policy. Though the penetration is still on the lower side, skyrocketing medical inflation has made it more of a necessity in metro and tier one and two cities.

SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich

For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

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Sundaram Diversified Equity Fund

Tuesday, January 30, 2018 by Indian Real Estate News

Best SIP Funds Online

How Sundaram Diversified Equity Fund performed?

With a 10-year return of 8.59%, the Sundaram Diversified Equity Fund mirrors the category average (8.43%), but has outperformed its benchmark index (5.72%). The fund's long-term performance is similar to the category average.

Sundaram Diversified Equity Fund: Not among the best tax saving funds

Sundaram Diversified Equity Fund: Not among the best tax saving funds

The current fund manager, who took over only a few years ago, has brought about a change in its investment approach. The portfolio construction is benchmark-agnostic, with modest exposure in individual bets, even as the portfolio has grown in size to around 70 stocks.

Currently, the fund has taken a higher exposure in construction and engineering sectors compared to its index. While the fund has improved its risk-return profile to some extent of late, it is yet to show

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Home Loans

by Indian Real Estate News

Top SIP Funds to Invest in India Online

SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich

For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

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Best Tax Saving Mutual Funds or ELSS Funds to Invest in 2018

by Indian Real Estate News

Best ELSS Funds Online

Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Top Performing Tax Saving ELSS Funds. Save Tax Get Rich

Equity Linked Savings schemes or ELSSs are often called the 'first' mutual fund scheme. This is because most mutual fund investors get into mutual funds via ELSSs or tax saving/planning mutual fund schemes. Investments in ELSSs qualify for tax deductions of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. Most investors start investing in ELSSs to save taxes, and and slowly they start investing in other equity mutual fund schemes.

If you are not investing in ELSSs to save taxes under Section 80C, you should reconsider your decision to stick to traditional tax-saving options like Public Provident Fund (PPF), National Savings Certificate (NSC), etc. The government-backed tax-saving options offer assured returns. However, the returns are likely to be modest. So, using these options to fund your long-term financial goals may not be a wise idea.

ELSSs come with the shortest mandatory lock-in period of three years among the tax-saving options available under Section 80C. Other popular options like PPF and NSC have a much longer lock-in period. Though PPF allows partial withdrawal after five years, it is a product with a tenure of 15 years. NSC has a lock-in period of six years.

Sure, ELSSs are riskier than government-sponsored schemes. This is because ELSSs invest in stocks and stocks are risky and volatile in the short-term. That is why it is important to invest in ELSSs with a longer horizon than the mandatory three-year lock-in period. Since ELSSs are equity schemes, investor should be prepared to stay invested for at least five to seven years.

However, ELSSs also reward investors for the extra risk. For example, ELSS category has offered tax-free returns of around 13.52 per cent in three years, 17.29 per cent in five years, and 9.83 per cent in the 10-year horizon. Other government-backed schemes offer single-digit returns.

Top 10 Tax Saving Mutual Funds of 2018

Best 10 ELSS Mutual Funds to Invest in India of 2018

1. Tata India Tax Savings Fund

2. Sundaram Diversified Equity Fund

3. DSP BlackRock Tax Saver Fund

4. Mirae Asset Tax Saver Fund

5. Birla Sun Life Tax Relief 96

6. ICICI Prudential Long Term Equity Fund

7. Invesco India Tax Plan

8. Reliance Tax Saver (ELSS) Fund

9. BNP Paribas Long Term Equity Fund

10. Axis Tax Saver Fund

Invest in Best Performing Tax Saver Mutual Funds of 2018

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact SaveTaxGetRich on 94 8300 8300

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

Call us on 94 8300 8300

Methodology:
Save Tax Get Rich Mutual Funds has employed the following parameters for shortlisting the mutual fund schemes.

1. Mean rolling returns : rolled daily for the last three years.
2. Consistency in the last three years : The three-year period is divided into smaller time periods each with a progressing weighting.

3. Downside risk : We have considered only the negative returns given by the mutual fund scheme for this.
X = Returns below zero
Y = Sum of all squares of X
Z = Y/number of days taken for computing the ratio
Downside risk = Square root of Z

4. Outperformance : It is measured by Jensen's Alpha for the last three years. Jensen's Alpha shows the risk-adjusted return generated by a mutual fund scheme relative to the expected market return predicted by the Capital Asset Pricing Model (CAPM). Higher Alpha indicates that the portfolio performance has outstripped the returns predicted by the market.

Average returns generated by the MF Scheme - [Risk Free Rate + Beta of the MF Scheme * {(Average return of the index - Risk Free Rate}
5. Asset size : For equity diversified funds, the threshold asset size is Rs 100 crore, and Rs 50 crore for balanced funds.

We have also conducted a back testing of our model portfolios. These returns are forward returns from the base date.

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Invest in Mutual Fund SIPs for a bright future

by Indian Real Estate News

Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

For further information contact SaveTaxGetRich on 94 8300 8300

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

Call us on 94 8300 8300

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What is Paid up Insurance Policy?

by Indian Real Estate News

Best SIP Funds Online

A paid-up policy is one that requires no further premium payments and continues to provide benefits till maturity.

A policy can be converted to a paid-up policy once it acquires a surrender value which is typically after 2-3 annual premiums are paid for traditional plans. For Ulips, there is a lock-in period of 5 years.

Paid-up value is usually calculated as number of paid premiums X sum assured /total number of premiums.

In case of a paid-up Ulip, the policy administration charges, mortality and fund management charges continue to be applicable and negatively impact the fund value.

This is a useful option when one is stuck with an inappropriate product due to wrong selection and can be opted for instead of surrendering the policy to avail of a life cover.

SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich

For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

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Mutual Fund Application Forms	Download Any Applications
Invest in Tax Saving Mutual Funds	Invest Online
Infrastructure Bond Application Forms	Download Applications

Mutual Fund Application Forms	Download Any Applications
Invest in Tax Saving Mutual Funds	Invest Online
Infrastructure Bond Application Forms	Download Applications

Mutual Fund Application Forms	Download Any Applications
Invest in Tax Saving Mutual Funds	Invest Online
Infrastructure Bond Application Forms	Download Applications

Real Estate News India

Real Estate News India

HDFC Midcap Opportunities - Mid Cap Equity Fund

Buying Auctioned Homes

IDBI Small Cap Fund

Top 10 Tax Saving Mutual Funds of 2018

Best 10 ELSS Mutual Funds to Invest in India of 2018

IDFC CLASSIC EQUITY FUND

How to prevent life insurance claim rejection

Tax liability on sale of Housing Society flat

Why you must buy Insurance ?

Sundaram Diversified Equity Fund

Home Loans

Best Tax Saving Mutual Funds or ELSS Funds to Invest in 2018

Top 10 Tax Saving Mutual Funds of 2018

Best 10 ELSS Mutual Funds to Invest in India of 2018

Invest in Mutual Fund SIPs for a bright future

What is Paid up Insurance Policy?

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