Tuesday, August 17, 2010
Tips at 2.30
Buy Bfutilty at 998 Tgt 1020 sl 980
FCH 277 TGt 286 Sl 270
Gitanjali 206.5 TGT 212 sl 202
FCH 277 TGt 286 Sl 270
Gitanjali 206.5 TGT 212 sl 202
Friday, August 13, 2010
Thursday, August 12, 2010
Buy Kotak Bank at 820 TGt 850 sl 795 within one month
Buy Kotak Bank at 820 TGt 850 sl 795 within one month
Tips For Intraday
Buy Relinfra at 1098 Tgt 1120 sl 1080
Buy Abanoffshor at 838 TGt 850 sl 825
buy Sbi at 2855 Tgt 2910 Sl 2820
Buy Abanoffshor at 838 TGt 850 sl 825
buy Sbi at 2855 Tgt 2910 Sl 2820
Wednesday, August 11, 2010
GREEN PLYLEVEL DELIVERY CALL MOVE IN 6% UP FROM GIVEN .CHEERS
GREEN PLY LEVEL DELIVERY CALL MOVE IN 6% UP FROM GIVEN ....................CHEERS
Hot Stock for Intraday
Buy Tata moters at 998 TGT 1020 sl 986
Buy VIP at 482 TGt 495 sl 475
Buy Sbi at 2614 TGT 2635 sl 2590
Buy VIP at 482 TGt 495 sl 475
Buy Sbi at 2614 TGT 2635 sl 2590
Tuesday, August 10, 2010
MArket is in big Selling Pressure
MArket is in big Selling Pressure
Avoid to buy new Stock for holding
Avoid to buy new Stock for holding
Mid day Tips
Buy DLF at 318 tgt 325 sl 315
Buy TATA MOTERS AT 901 tgt 920 sl 885
Buy FCH at 292 Tgt 300 sl 285
Buy TATA MOTERS AT 901 tgt 920 sl 885
Buy FCH at 292 Tgt 300 sl 285
Monday, August 9, 2010
Hot stock for Intraday
Buy Gitanjali at 213 Tgt 230 sl 208
Buy P focus at 537.4 Tgt 548 Sl 520
Buy IBR at 179 tgt 182 sl 175
Buy P focus at 537.4 Tgt 548 Sl 520
Buy IBR at 179 tgt 182 sl 175
Equity-linked Saving Scheme 02 Nov 2006
Equity-linked Saving Scheme 02 Nov 2006
-
An equity-linked saving scheme (ELSS) is a great investment option that offers the twin benefits of tax saving and capital gains. Earlier, investors had to spread their investments across different instruments such as PPF, ELSS, NSC and infrastructure bonds. But now, it’s possible to invest the entire limit of Rs 100,000 available under Sec 80C in ELSS. According to the new Income Tax Act, Sec 80C investments in ELSS are allowed as deduction from the total income, up to maximum Rs100,000 in a financial year.
ELSS schemes have a three-year lock-in period, which works to the investors’ benefit as the fund manager can have a portfolio of stocks that can out-perform over a period of time.
Why should one invest ELSS?
· Lock-in for three years helps in staying invested over a long period
· Investments in equity over a long-term delivers better returns
· Tax savings and high returns
· Through SIPs, one can invest small amount of Rs 500 in ELSS every month.
SIP – Systematic Investment Plan route for ELSS
One of the best ways to invest in ELSS is to save and invest on a regular basis. A Systematic Investment Plan (SIP) in ELSS gives the best combination of investments available to investors. The minimum investment in an ELSS through the SIP route can be as small as Rs 500.
SIP helps an investor take advantage of the fluctuations in the stock markets by rupee cost averaging. Rupee cost averaging can be explained with the help of the following example. If Rs 1,000 is invested a month at a price of Rs 20 a unit, the investor will have bought 50 units (1,000/20). But at a price of Rs 10 per unit, he will have bought 100 units (1000/10). Investing a fixed sum regularly means averaging out the cost, as the investor gets fewer units when the price goes up, and more when the price goes down.
An SIP ensures that an investor buys more when the markets are falling and less when it's peaking. But if an investor backs out when the markets are falling, he won't be buying and this will not get him to average his price, the primary reason behind the success of investing through the SIP route.
When markets are falling, it's psychologically difficult for an investor to enter. On the other hand, when the market is at a peak, a lot of investors enter the market. Due to this, the investor ends up buying high and selling low. So, it's very important to continue with the SIP even when the markets are falling.
In the current volatile market, starting an SIP would be beneficial to an investor as he can take the benefit of highs as well as the lows and can average out his purchases. The returns of a few top performing ELSS through SIP, recommended by ICICIdirect is given in the table below.
Rs 1000 invested every month for 3 years
Scheme Units Accumulated NAV ( 31-Aug-06 ) (Rs) Capital Appreciation (Rs) Returns (%)
SBI Magnum Tax Gain Scheme 1993 -815.30 -110.58- 90153.81 -150.43
HDFC Tax Saver Fund 620.74 125.08 77642.36 115.67
Prudential ICICI Tax Plan 897.55 85.41 76659.70 112.94
Sundaram BNP Paribas Taxsaver 1536.58 44.52 68401.56 90.00
HDFC Long Term Advantage Fund 840.35 80.08 67298.22 86.94
Birla Equity Plan 783.45 83.17 65157.88 80.99
Principal Tax Saving Fund 776.41 83.18 64578.95 79.39
Franklin Taxshield Fund 566.41 111.29 63035.71 75.10
Franklin India Index Tax Fund 2247.09 26.65 59894.96 66.37
Tata Tax Saving Fund 480.29 122.78 58971.22 63.81
Source: ICICIdirect Research
-
An equity-linked saving scheme (ELSS) is a great investment option that offers the twin benefits of tax saving and capital gains. Earlier, investors had to spread their investments across different instruments such as PPF, ELSS, NSC and infrastructure bonds. But now, it’s possible to invest the entire limit of Rs 100,000 available under Sec 80C in ELSS. According to the new Income Tax Act, Sec 80C investments in ELSS are allowed as deduction from the total income, up to maximum Rs100,000 in a financial year.
ELSS schemes have a three-year lock-in period, which works to the investors’ benefit as the fund manager can have a portfolio of stocks that can out-perform over a period of time.
Why should one invest ELSS?
· Lock-in for three years helps in staying invested over a long period
· Investments in equity over a long-term delivers better returns
· Tax savings and high returns
· Through SIPs, one can invest small amount of Rs 500 in ELSS every month.
SIP – Systematic Investment Plan route for ELSS
One of the best ways to invest in ELSS is to save and invest on a regular basis. A Systematic Investment Plan (SIP) in ELSS gives the best combination of investments available to investors. The minimum investment in an ELSS through the SIP route can be as small as Rs 500.
SIP helps an investor take advantage of the fluctuations in the stock markets by rupee cost averaging. Rupee cost averaging can be explained with the help of the following example. If Rs 1,000 is invested a month at a price of Rs 20 a unit, the investor will have bought 50 units (1,000/20). But at a price of Rs 10 per unit, he will have bought 100 units (1000/10). Investing a fixed sum regularly means averaging out the cost, as the investor gets fewer units when the price goes up, and more when the price goes down.
An SIP ensures that an investor buys more when the markets are falling and less when it's peaking. But if an investor backs out when the markets are falling, he won't be buying and this will not get him to average his price, the primary reason behind the success of investing through the SIP route.
When markets are falling, it's psychologically difficult for an investor to enter. On the other hand, when the market is at a peak, a lot of investors enter the market. Due to this, the investor ends up buying high and selling low. So, it's very important to continue with the SIP even when the markets are falling.
In the current volatile market, starting an SIP would be beneficial to an investor as he can take the benefit of highs as well as the lows and can average out his purchases. The returns of a few top performing ELSS through SIP, recommended by ICICIdirect is given in the table below.
Rs 1000 invested every month for 3 years
Scheme Units Accumulated NAV ( 31-Aug-06 ) (Rs) Capital Appreciation (Rs) Returns (%)
SBI Magnum Tax Gain Scheme 1993 -815.30 -110.58- 90153.81 -150.43
HDFC Tax Saver Fund 620.74 125.08 77642.36 115.67
Prudential ICICI Tax Plan 897.55 85.41 76659.70 112.94
Sundaram BNP Paribas Taxsaver 1536.58 44.52 68401.56 90.00
HDFC Long Term Advantage Fund 840.35 80.08 67298.22 86.94
Birla Equity Plan 783.45 83.17 65157.88 80.99
Principal Tax Saving Fund 776.41 83.18 64578.95 79.39
Franklin Taxshield Fund 566.41 111.29 63035.71 75.10
Franklin India Index Tax Fund 2247.09 26.65 59894.96 66.37
Tata Tax Saving Fund 480.29 122.78 58971.22 63.81
Source: ICICIdirect Research
Best Tax Saving Funds
August 11th, 2009 • Related • Filed Under
Filed Under: Featured • Mutual Fund • Tax planning Tags: Birla Sun Life Tax Relief 96 • Canara Robeco Equity Tax Saver • Dividend • DSP Blackrock Tax Saver • ELSS • Fidelity Tax Advantage • HDFC Tax Saver • Kotak Tax Saver • Principal Personal TaxSaver • SBI Magnum Tax gain • Tax • Tax planning
Image Credit : alancleaverWhen it comes to Tax Saving and ELSS Funds I prefer to invest in funds where I get maximum dividend and that way I do not need to invest my full amount and also get the Tax benefit of full amount invested. Read how if you still have not read – Full tax saving without investing one lac. Now many people ask me about how to know the dividend history of funds and so for them I have Dividend History of Mutual Funds.
So now using the methods discussed in the above two articles I would list some of the best Tax Saving funds. The list of funds I have selected are based on criteria of consistent dividend for a longer period of time.
Birla Sun Life Tax Relief 96
Best Dividend ever by any Tax saver fund I know off.
Record Date Rate of Dividend
Jun 27, 2008 50 %
Mar 25, 2008 200 %
Mar 16, 2007 500 %
Jan 19, 2007 260 %
Dec 8, 2006 250 %
Principal Personal TaxSaver
One more best dividend Tax saver fund I know off. Principal Personal TaxSaver has given probably the best dividend in the most difficult time.
Record Date Rate of Dividend
Mar 25, 2008 400 %
Feb 26, 2008 200 %
Dec 31, 2007 110 %
Oct 30, 2007 110 %
Mar 13, 2006 100 %
SBI Magnum Tax gain
Yet another fund by SBI Mutual Fund house which has very good track record when it comes to return as well as dividend.
Record Date Rate of Dividend
May 29, 2009 28 %
Feb 15, 2008 110 %
Mar 2, 2007 110 %
Mar 10, 2006 150 %
Jun 10, 2005 102 %
HDFC Tax Saver
Not into one of the best dividend rate like above funds but very consistent when it comes to dividend and also return of this fund is also worth investing.
Record Date Rate of Dividend
Mar 6, 2009 50 %
Mar 7, 2008 80 %
Mar 8, 2007 75 %
Mar 17, 2006 75 %
Feb 17, 2005 50 %
Canara Robeco Equity Tax Saver
Not as good as above ones, but best when it comes to return of the fund.
Record Date Rate of Dividend
Mar 28, 2008 30 %
Mar 15, 2007 60 %
Mar 16, 2006 40 %
Mar 18, 2005 25 %
Mar 26, 2004 15 %
Apart from the above old funds I also expect some good returns for some of the new tax saving funds which till date have not recorded good dividend but that is may be because of the current market situation for last one year or so and so they deserve mentioning.
Fidelity Tax Advantage
Record Date Rate of Dividend
Mar 13, 2008 15 %
DSP Blackrock Tax Saver
Record Date Rate of Dividend
Feb 29, 2008 3 6 %
Kotak Tax Saver
Record Date Rate of Dividend
Feb 8, 2008 35 %
Feb 20, 2007 30 %
http://shabbir.in/best-tax-saving-funds/
Filed Under: Featured • Mutual Fund • Tax planning Tags: Birla Sun Life Tax Relief 96 • Canara Robeco Equity Tax Saver • Dividend • DSP Blackrock Tax Saver • ELSS • Fidelity Tax Advantage • HDFC Tax Saver • Kotak Tax Saver • Principal Personal TaxSaver • SBI Magnum Tax gain • Tax • Tax planning
Image Credit : alancleaverWhen it comes to Tax Saving and ELSS Funds I prefer to invest in funds where I get maximum dividend and that way I do not need to invest my full amount and also get the Tax benefit of full amount invested. Read how if you still have not read – Full tax saving without investing one lac. Now many people ask me about how to know the dividend history of funds and so for them I have Dividend History of Mutual Funds.
So now using the methods discussed in the above two articles I would list some of the best Tax Saving funds. The list of funds I have selected are based on criteria of consistent dividend for a longer period of time.
Birla Sun Life Tax Relief 96
Best Dividend ever by any Tax saver fund I know off.
Record Date Rate of Dividend
Jun 27, 2008 50 %
Mar 25, 2008 200 %
Mar 16, 2007 500 %
Jan 19, 2007 260 %
Dec 8, 2006 250 %
Principal Personal TaxSaver
One more best dividend Tax saver fund I know off. Principal Personal TaxSaver has given probably the best dividend in the most difficult time.
Record Date Rate of Dividend
Mar 25, 2008 400 %
Feb 26, 2008 200 %
Dec 31, 2007 110 %
Oct 30, 2007 110 %
Mar 13, 2006 100 %
SBI Magnum Tax gain
Yet another fund by SBI Mutual Fund house which has very good track record when it comes to return as well as dividend.
Record Date Rate of Dividend
May 29, 2009 28 %
Feb 15, 2008 110 %
Mar 2, 2007 110 %
Mar 10, 2006 150 %
Jun 10, 2005 102 %
HDFC Tax Saver
Not into one of the best dividend rate like above funds but very consistent when it comes to dividend and also return of this fund is also worth investing.
Record Date Rate of Dividend
Mar 6, 2009 50 %
Mar 7, 2008 80 %
Mar 8, 2007 75 %
Mar 17, 2006 75 %
Feb 17, 2005 50 %
Canara Robeco Equity Tax Saver
Not as good as above ones, but best when it comes to return of the fund.
Record Date Rate of Dividend
Mar 28, 2008 30 %
Mar 15, 2007 60 %
Mar 16, 2006 40 %
Mar 18, 2005 25 %
Mar 26, 2004 15 %
Apart from the above old funds I also expect some good returns for some of the new tax saving funds which till date have not recorded good dividend but that is may be because of the current market situation for last one year or so and so they deserve mentioning.
Fidelity Tax Advantage
Record Date Rate of Dividend
Mar 13, 2008 15 %
DSP Blackrock Tax Saver
Record Date Rate of Dividend
Feb 29, 2008 3 6 %
Kotak Tax Saver
Record Date Rate of Dividend
Feb 8, 2008 35 %
Feb 20, 2007 30 %
http://shabbir.in/best-tax-saving-funds/
Best Tax Saving Mutual Funds for 2010
Understanding Taxes
Investment Yogi : Offers a comprehensive list of the Best Tax Saving Mutual Funds Online in 2010 in India.
What is ELSS (Equity Linked Saving Scheme)?
ELSS, popularly known as Tax Saving Mutual Fund, is a category of Mutual Fund where a major portion is invested in Equity & Equity related instruments. Investment up to 1 lakh is exempted from income under section 80C but there is a lock in of 3 years before which you can not withdraw. However there is no upper limit on investments and long term capital appreciations are tax free. Dividends received are also tax free in the hands of the investor.
ELSS is a great instrument for tax planning which also ensures good returns. But investment should be carefully planned and you should devote sufficient time in selecting the right fund.
Types of ELSS
1. Growth: Investor does not get any income during the tenure of the investment. He will get a lump sum amount at the time of redemption or on maturity.
2. Dividend: Investor gets a dividend from the fund house. He has two options:
•He can cash on the dividends.
•He can opt for dividend re-investment option.
In most funds you have Growth as well as Dividend options which you can choose depending upon your priorities.
Best Funds
We present the top 7 funds based on last 5 years’ performance:
Figure 1. Source: Value Research
How to choose a fund for investing?
A good track record is no guarantee for future performance. You should also look at some quantitative measures to evaluate which fund is good for you.
Expense Ratio: Denotes the annual expenses of the funds, including the management fee, and administrative cost. Lower expense ratio is better
Sharpe Ratio: An indicator of whether an investment's return is due to smart investing decisions or a result of excess risk. Higher Sharpe Ratio is better
Alpha Ratio: Measures risk relative to the market or benchmark index. For investors, the more positive an alpha is, the better it is.
R-squared: Measures the percentage of an investment's movement that are attributable to movements in its benchmark index. A mutual fund should have a balance in R-square and ideally it should not be more than 90 and less than 80.
Figure 2. Source: Value Research
Which fund is best for you?
Choice depends upon your risk profile and priorities. You should take an investment decision based on overall financial planning.
Large Cap Funds: These funds mostly invest in the large cap companies. While this may mean muted returns when the markets are rising, it also may mean a limited downside when the going gets tough. Franklin India Tax shield and SBI Magnum Tax gain are a few examples of this type.
Growth Funds: These Funds have about 30% exposure to mid-caps, 10% to small-caps & the rest in large caps in its portfolio. Hence it may give a higher return in rising markets. Sundaram BNP Paribas Tax saver is a good option in this category.
Mid-cap Funds: No pain, no gain. These funds have a sizeable exposure to mid-caps and small-caps. This aggressive investment style can pay rich rewards. Sahara Tax Gain and HDFC Taxsaver are good examples of fund in this class.
Small Cap Funds: Small-cap stocks can act like performance enhancing drugs. In the above discussed types, the maximum allocation to small-caps is 12%. However, Taurus Tax shield has invested almost 30% in this high-risk zone. This can be very rewarding when the going is good, but a dream run can easily become a nightmare. Taurus Tax shield has given 98.01% returns in last 1 year.
Conclusion
You should do sufficient analysis before taking investment decisions. It should be guided by your overall financial situation, goals and risk profile. A Financial Plan is recommended before making investment decisions. SIP (Systematic Investment Plan) for a long time horizon is the most recommended way to invest in equity funds. You should avoid lump sum investment especially when the market is on a high.
http://www.investmentyogi.com/taxes/best-tax-saving-mutual-funds-for-2010.aspx
Related LinksIncome Tax Return India
India income tax rate
Tax system in india
Income tax calculator india
India government tax
India Tax deduction
Tax planning india
Property tax india
India Tax Exemption
Tax Saving Mutual Funds india
Service tax in india
Tax Forms
Tax Haven
Tax Exemption
Inheritance Tax
Endowment Tax
Tax Saving Bonds
Tax Saver Benefit Plan
Tax Saver Fixed Deposits
Tax Deductions in India
Capital gain tax in india
Double taxation india
Gift tax in india
Import Tax in India
Custom Duty in India
Corporate Tax Rate in India
Entertainment Tax in India
Important Concepts Regarding Tax
Tax Structure in India
Types of Tax
Income Tax in India
India NRI Tax
Tax Planning in India
Tax Saving Options in India
Tax Rebate in India
Tax Saver Funds
Tax Saver Schemes
Investment Yogi : Offers a comprehensive list of the Best Tax Saving Mutual Funds Online in 2010 in India.
What is ELSS (Equity Linked Saving Scheme)?
ELSS, popularly known as Tax Saving Mutual Fund, is a category of Mutual Fund where a major portion is invested in Equity & Equity related instruments. Investment up to 1 lakh is exempted from income under section 80C but there is a lock in of 3 years before which you can not withdraw. However there is no upper limit on investments and long term capital appreciations are tax free. Dividends received are also tax free in the hands of the investor.
ELSS is a great instrument for tax planning which also ensures good returns. But investment should be carefully planned and you should devote sufficient time in selecting the right fund.
Types of ELSS
1. Growth: Investor does not get any income during the tenure of the investment. He will get a lump sum amount at the time of redemption or on maturity.
2. Dividend: Investor gets a dividend from the fund house. He has two options:
•He can cash on the dividends.
•He can opt for dividend re-investment option.
In most funds you have Growth as well as Dividend options which you can choose depending upon your priorities.
Best Funds
We present the top 7 funds based on last 5 years’ performance:
Figure 1. Source: Value Research
How to choose a fund for investing?
A good track record is no guarantee for future performance. You should also look at some quantitative measures to evaluate which fund is good for you.
Expense Ratio: Denotes the annual expenses of the funds, including the management fee, and administrative cost. Lower expense ratio is better
Sharpe Ratio: An indicator of whether an investment's return is due to smart investing decisions or a result of excess risk. Higher Sharpe Ratio is better
Alpha Ratio: Measures risk relative to the market or benchmark index. For investors, the more positive an alpha is, the better it is.
R-squared: Measures the percentage of an investment's movement that are attributable to movements in its benchmark index. A mutual fund should have a balance in R-square and ideally it should not be more than 90 and less than 80.
Figure 2. Source: Value Research
Which fund is best for you?
Choice depends upon your risk profile and priorities. You should take an investment decision based on overall financial planning.
Large Cap Funds: These funds mostly invest in the large cap companies. While this may mean muted returns when the markets are rising, it also may mean a limited downside when the going gets tough. Franklin India Tax shield and SBI Magnum Tax gain are a few examples of this type.
Growth Funds: These Funds have about 30% exposure to mid-caps, 10% to small-caps & the rest in large caps in its portfolio. Hence it may give a higher return in rising markets. Sundaram BNP Paribas Tax saver is a good option in this category.
Mid-cap Funds: No pain, no gain. These funds have a sizeable exposure to mid-caps and small-caps. This aggressive investment style can pay rich rewards. Sahara Tax Gain and HDFC Taxsaver are good examples of fund in this class.
Small Cap Funds: Small-cap stocks can act like performance enhancing drugs. In the above discussed types, the maximum allocation to small-caps is 12%. However, Taurus Tax shield has invested almost 30% in this high-risk zone. This can be very rewarding when the going is good, but a dream run can easily become a nightmare. Taurus Tax shield has given 98.01% returns in last 1 year.
Conclusion
You should do sufficient analysis before taking investment decisions. It should be guided by your overall financial situation, goals and risk profile. A Financial Plan is recommended before making investment decisions. SIP (Systematic Investment Plan) for a long time horizon is the most recommended way to invest in equity funds. You should avoid lump sum investment especially when the market is on a high.
http://www.investmentyogi.com/taxes/best-tax-saving-mutual-funds-for-2010.aspx
Related LinksIncome Tax Return India
India income tax rate
Tax system in india
Income tax calculator india
India government tax
India Tax deduction
Tax planning india
Property tax india
India Tax Exemption
Tax Saving Mutual Funds india
Service tax in india
Tax Forms
Tax Haven
Tax Exemption
Inheritance Tax
Endowment Tax
Tax Saving Bonds
Tax Saver Benefit Plan
Tax Saver Fixed Deposits
Tax Deductions in India
Capital gain tax in india
Double taxation india
Gift tax in india
Import Tax in India
Custom Duty in India
Corporate Tax Rate in India
Entertainment Tax in India
Important Concepts Regarding Tax
Tax Structure in India
Types of Tax
Income Tax in India
India NRI Tax
Tax Planning in India
Tax Saving Options in India
Tax Rebate in India
Tax Saver Funds
Tax Saver Schemes
Best Tips to do an Analysis of Mutual Funds
Best Tips to do an Analysis of Mutual Funds
Before investing in mutual funds a proper analysis is required. While all analyses' efforts are aimed at maximizing returns and minimizing risks, it is the latter that gains importance as the single most fundamental criterion to compare mutual funds. This article makes you aware of:
How can you do a mutual fund analysis?
important is the risk factor analysis?
Why is it important to track the record of mutual fund companies?
Investing in mutual funds is not a child's play unless one does a mutual funds' analysis. At least it is not as easy as picking top performers going by indices and investing in them. While all analyses' efforts are aimed at maximizing returns and minimizing risks, it is the latter that gains importance as the single most fundamental criterion to compare mutual funds.
Fundamental Objectives of Investment
To begin with our mutual funds' analysis you need to be clear about the investment objectives you have, that is whether the objective is growth of capital or regular income. Whatsoever be the case, the basics of objective of investment are not to be forgotten.
Tips To Do Mutual Fund Analysis
It is needless to say that you need to have some rudimentary knowledge of investing in stocks and securities apart from street smartness to research mutual funds. Here are a few tips for analysis before investing mutual funds. We will begin our exercise from the point you have collected all the relevant information about competing funds.
Look At The Portfolio of Your Pick of Funds
Most of the plans will have invested in multiple stocks or securities for diversification. Critical point here is in what proportion they have invested in different stocks. Giving a higher weightage to a high returning stock leaves less opportunity for broader allocation and may back fire when market is bearish (plummeting steadily). Also higher returning stocks carry high element of risk.
The Optimum Portfolio Size
What should be the optimum portfolio size (assortment investments under one plan) for your pick of fund? Well, opinions are divided about this, but it is crucial to look into the specifics of stock bets and sectors you will be exposed to. Higher exposure to specific sectors may see you loosing out on broad based rallies in the bourses (stock markets). Optimally 65 % to 85% may be allocated in stocks from different sectors for diversification plus growth and the balance being in typical bond and money market instruments.
Is Your Pick of Funds Really Diversified
Notice that the competing plans, though from different fund companies, perform almost on par as if they have a correlation. They indeed have. So, does it mean you have diversified by spreading your money amongst them? Well, think again. Similar plans have similar pattern of their holdings of stocks and with a similar portfolio. This means, in actual effect you are not diversifying. They all go up and down almost as if they do it in tandem. For clear diversification, pick those with different portfolios though they are similar plans (ex: growth, index or dividend paying etc).
http://www.fundsavvy.com/mutual_funds_articles/research-mutual-funds.htm
Before investing in mutual funds a proper analysis is required. While all analyses' efforts are aimed at maximizing returns and minimizing risks, it is the latter that gains importance as the single most fundamental criterion to compare mutual funds. This article makes you aware of:
How can you do a mutual fund analysis?
important is the risk factor analysis?
Why is it important to track the record of mutual fund companies?
Investing in mutual funds is not a child's play unless one does a mutual funds' analysis. At least it is not as easy as picking top performers going by indices and investing in them. While all analyses' efforts are aimed at maximizing returns and minimizing risks, it is the latter that gains importance as the single most fundamental criterion to compare mutual funds.
Fundamental Objectives of Investment
To begin with our mutual funds' analysis you need to be clear about the investment objectives you have, that is whether the objective is growth of capital or regular income. Whatsoever be the case, the basics of objective of investment are not to be forgotten.
Tips To Do Mutual Fund Analysis
It is needless to say that you need to have some rudimentary knowledge of investing in stocks and securities apart from street smartness to research mutual funds. Here are a few tips for analysis before investing mutual funds. We will begin our exercise from the point you have collected all the relevant information about competing funds.
Look At The Portfolio of Your Pick of Funds
Most of the plans will have invested in multiple stocks or securities for diversification. Critical point here is in what proportion they have invested in different stocks. Giving a higher weightage to a high returning stock leaves less opportunity for broader allocation and may back fire when market is bearish (plummeting steadily). Also higher returning stocks carry high element of risk.
The Optimum Portfolio Size
What should be the optimum portfolio size (assortment investments under one plan) for your pick of fund? Well, opinions are divided about this, but it is crucial to look into the specifics of stock bets and sectors you will be exposed to. Higher exposure to specific sectors may see you loosing out on broad based rallies in the bourses (stock markets). Optimally 65 % to 85% may be allocated in stocks from different sectors for diversification plus growth and the balance being in typical bond and money market instruments.
Is Your Pick of Funds Really Diversified
Notice that the competing plans, though from different fund companies, perform almost on par as if they have a correlation. They indeed have. So, does it mean you have diversified by spreading your money amongst them? Well, think again. Similar plans have similar pattern of their holdings of stocks and with a similar portfolio. This means, in actual effect you are not diversifying. They all go up and down almost as if they do it in tandem. For clear diversification, pick those with different portfolios though they are similar plans (ex: growth, index or dividend paying etc).
http://www.fundsavvy.com/mutual_funds_articles/research-mutual-funds.htm
Best guide for selecting the right mutual funds
Selecting best mutual funds mean a lot more than deciding by indices and their past performances. However, you need to remember one thing that there is no quick gratification in investments of any kind. This article tells you regarding:
How can you select a mutual fund for investment?
Is it important to pick up companies that are performing above average?
Is it advisable to compare mutual funds across category?
When your investment purpose is for saving for retirement, then risk minimization should be your mantra. And one of the best avenues for you to invest now is mutual funds as they have an average of 50 stocks in each portfolio for diversification and cushioning the risks. Selecting best mutual funds mean a lot more than deciding by indices and their past performances. However, you need to remember one thing that there is no quick gratification in investments of any kind.
Let us discuss the dos and don'ts of selecting the best mutual funds. These points should serve as guidelines for making decision on whether your pick is among the best in the industry or not.
Dos In Selecting the Best Mutual Fund
Draw down your investment objective. There are various schemes suitable for different needs. For example retirement plan, capital growth etc. Also get clear about your time frame for investment and returns. Equity funds are not advisable for short term because of their long term nature. You can consider money market and floating rate funds for short term gains. This equals asking - What kind of mutual fund is right for me?
Once you have decided on a plan or a couple of them, collect as much information as possible on them from different sources offering them. Funds' prospectus and advisors may help you in this.
Pick out companies consistently performing above average. Mutual funds industry indices are helpful in comparing different funds as well as different plans offered by them. Some of the industry standard fund indices are Nasdaq 100, Russel 2000, S&P fund index and DSI index with the latter rating the Socially Responsible Funds only. Also best mutual funds draw good results despite market volatility.
Get a clear picture of fees & associated cost, taxes (for non-tax free funds) for all your short listed funds and how they affect your returns. Best mutual funds have lower cost out go.
Best mutual funds maximize returns and minimize risks. A number called as Sharpe Ratio explains whether a fund is risk free based on its expected returns compared against a risk free money market fund.
Some funds have the advantage of low minimum initial investments. You can start investing even with $250 a month. This is advisable for building asset bases over a long period with small regular investments.
How can you select a mutual fund for investment?
Is it important to pick up companies that are performing above average?
Is it advisable to compare mutual funds across category?
When your investment purpose is for saving for retirement, then risk minimization should be your mantra. And one of the best avenues for you to invest now is mutual funds as they have an average of 50 stocks in each portfolio for diversification and cushioning the risks. Selecting best mutual funds mean a lot more than deciding by indices and their past performances. However, you need to remember one thing that there is no quick gratification in investments of any kind.
Let us discuss the dos and don'ts of selecting the best mutual funds. These points should serve as guidelines for making decision on whether your pick is among the best in the industry or not.
Dos In Selecting the Best Mutual Fund
Draw down your investment objective. There are various schemes suitable for different needs. For example retirement plan, capital growth etc. Also get clear about your time frame for investment and returns. Equity funds are not advisable for short term because of their long term nature. You can consider money market and floating rate funds for short term gains. This equals asking - What kind of mutual fund is right for me?
Once you have decided on a plan or a couple of them, collect as much information as possible on them from different sources offering them. Funds' prospectus and advisors may help you in this.
Pick out companies consistently performing above average. Mutual funds industry indices are helpful in comparing different funds as well as different plans offered by them. Some of the industry standard fund indices are Nasdaq 100, Russel 2000, S&P fund index and DSI index with the latter rating the Socially Responsible Funds only. Also best mutual funds draw good results despite market volatility.
Get a clear picture of fees & associated cost, taxes (for non-tax free funds) for all your short listed funds and how they affect your returns. Best mutual funds have lower cost out go.
Best mutual funds maximize returns and minimize risks. A number called as Sharpe Ratio explains whether a fund is risk free based on its expected returns compared against a risk free money market fund.
Some funds have the advantage of low minimum initial investments. You can start investing even with $250 a month. This is advisable for building asset bases over a long period with small regular investments.
Mutual Funds - The Logic behind Investing in Them
Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. This article helps you to know in depth on:
Is it possible to diversify investment if invested in mutual funds?
Find more on the working of mutual fund
Know more about the legal aspects in relation to the mutual funds
At the beginning of this millennium, mutual funds out numbered all the listed securities in New York Stock Exchange. Mutual funds have an upper hand in terms of diversity and liquidity at lower cost in comparison to bonds and stocks. The popularity of mutual funds may be relatively new but not their origin which dates back to 18th century. Holland saw the origination of mutual funds in 1774 as investment trusts before spreading to Anglo-Saxon countries in its current form by 1868.
We will discuss now as to what are mutual funds before going on to seeing the advantages of mutual funds. Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. The stocks these mutual funds have are very fluid and are used for buying or redeeming and/or selling shares at a net asset value. Mutual funds posses shares of several companies and receive dividends in lieu of them and the earnings are distributed among the share holders.
A Brief of How Mutual Funds Work
Mutual funds can be either or both of open ended and closed ended investment companies depending on their fund management pattern. An open-end fund offers to sell its shares (units) continuously to investors either in retail or in bulk without a limit on the number as opposed to a closed-end fund. Closed end funds have limited number of shares.
Mutual funds have diversified investments spread in calculated proportions amongst securities of various economic sectors. Mutual funds get their earnings in two ways. First is the most organic way, which is the dividend they get on the securities they hold. Second is by the redemption of their shares by investors will be at a discount to the current NAVs (net asset values).
Are Mutual Funds Risk Free and What are the Advantages?
One must not forget the fundamentals of investment that no investment is insulated from risk. Then it becomes interesting to answer why mutual funds are so popular. To begin with, we can say mutual funds are relatively risk free in the way they invest and manage the funds. The investment from the pool is well diversified across securities and shares from various sectors. The fundamental understanding behind this is not all corporations and sectors fail to perform at a time. And in the event of a security of a corporation or a whole sector doing badly then the possible losses from that would be balanced by the returns from other shares.
This logic has seen the mutual funds to be perceived as risk free investments in the market. Yes, this is not entirely untrue if one takes a look at performances of various mutual funds. This relative freedom from risk is in addition to a couple of advantages mutual funds carry with them. So, if you are a retail investor and planning an investment in securities, you will certainly want to consider the advantages of investing in mutual funds.
Lowest per unit investment in almost all the cases
Your investment will be diversified
Your investment will be managed by professional money managers
http://www.fundsavvy.com/mutual_funds_articles/mutual-funds.htm
Is it possible to diversify investment if invested in mutual funds?
Find more on the working of mutual fund
Know more about the legal aspects in relation to the mutual funds
At the beginning of this millennium, mutual funds out numbered all the listed securities in New York Stock Exchange. Mutual funds have an upper hand in terms of diversity and liquidity at lower cost in comparison to bonds and stocks. The popularity of mutual funds may be relatively new but not their origin which dates back to 18th century. Holland saw the origination of mutual funds in 1774 as investment trusts before spreading to Anglo-Saxon countries in its current form by 1868.
We will discuss now as to what are mutual funds before going on to seeing the advantages of mutual funds. Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. The stocks these mutual funds have are very fluid and are used for buying or redeeming and/or selling shares at a net asset value. Mutual funds posses shares of several companies and receive dividends in lieu of them and the earnings are distributed among the share holders.
A Brief of How Mutual Funds Work
Mutual funds can be either or both of open ended and closed ended investment companies depending on their fund management pattern. An open-end fund offers to sell its shares (units) continuously to investors either in retail or in bulk without a limit on the number as opposed to a closed-end fund. Closed end funds have limited number of shares.
Mutual funds have diversified investments spread in calculated proportions amongst securities of various economic sectors. Mutual funds get their earnings in two ways. First is the most organic way, which is the dividend they get on the securities they hold. Second is by the redemption of their shares by investors will be at a discount to the current NAVs (net asset values).
Are Mutual Funds Risk Free and What are the Advantages?
One must not forget the fundamentals of investment that no investment is insulated from risk. Then it becomes interesting to answer why mutual funds are so popular. To begin with, we can say mutual funds are relatively risk free in the way they invest and manage the funds. The investment from the pool is well diversified across securities and shares from various sectors. The fundamental understanding behind this is not all corporations and sectors fail to perform at a time. And in the event of a security of a corporation or a whole sector doing badly then the possible losses from that would be balanced by the returns from other shares.
This logic has seen the mutual funds to be perceived as risk free investments in the market. Yes, this is not entirely untrue if one takes a look at performances of various mutual funds. This relative freedom from risk is in addition to a couple of advantages mutual funds carry with them. So, if you are a retail investor and planning an investment in securities, you will certainly want to consider the advantages of investing in mutual funds.
Lowest per unit investment in almost all the cases
Your investment will be diversified
Your investment will be managed by professional money managers
http://www.fundsavvy.com/mutual_funds_articles/mutual-funds.htm
List of Life Insurers
List of Life Insurers
Sr. No.
Name of the Company
1 Bajaj Allianz Life Insurance Company Limited
2 Birla Sun Life Insurance Co. Ltd
3 HDFC Standard Life Insurance Co. Ltd
4 ICICI Prudential Life Insurance Co. Ltd.
5 ING Vysya Life Insurance Company Ltd.
6 Life Insurance Corporation of India
7 Max New York Life Insurance Co. Ltd
8 Met Life India Insurance Company Ltd.
9 Kotak Mahindra Old Mutual Life Insurance Limited
10 SBI Life Insurance Co. Ltd
11 Tata AIG Life Insurance Company Limited
12 Reliance Life Insurance Company Limited.
13 Aviva Life Insurance Co. India Ltd.
14 Sahara India Life Insurance Co, Ltd.
15 Shriram Life Insurance Co, Ltd.
16 Bharti AXA Life Insurance Company Ltd.
17 Future Generali Life Insurance Company Ltd.
18 IDBI Fortis Life Insurance Company Ltd.
19Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd
20AEGON Religare Life Insurance Company Limited.
21 DLF Pramerica Life Insurance Co. Ltd.
22 Star Union Dai-ichi Life Insurance Comp. Ltd.
http://www.irdaindia.org/
23 IndiaFirst Life Insurance Company Ltd.
Sr. No.
Name of the Company
1 Bajaj Allianz Life Insurance Company Limited
2 Birla Sun Life Insurance Co. Ltd
3 HDFC Standard Life Insurance Co. Ltd
4 ICICI Prudential Life Insurance Co. Ltd.
5 ING Vysya Life Insurance Company Ltd.
6 Life Insurance Corporation of India
7 Max New York Life Insurance Co. Ltd
8 Met Life India Insurance Company Ltd.
9 Kotak Mahindra Old Mutual Life Insurance Limited
10 SBI Life Insurance Co. Ltd
11 Tata AIG Life Insurance Company Limited
12 Reliance Life Insurance Company Limited.
13 Aviva Life Insurance Co. India Ltd.
14 Sahara India Life Insurance Co, Ltd.
15 Shriram Life Insurance Co, Ltd.
16 Bharti AXA Life Insurance Company Ltd.
17 Future Generali Life Insurance Company Ltd.
18 IDBI Fortis Life Insurance Company Ltd.
19Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd
20AEGON Religare Life Insurance Company Limited.
21 DLF Pramerica Life Insurance Co. Ltd.
22 Star Union Dai-ichi Life Insurance Comp. Ltd.
http://www.irdaindia.org/
23 IndiaFirst Life Insurance Company Ltd.
SEBI, IRDA working on insurance IPOs
Anto Antony, New Delhi
Life insurance majors like SBI Life Insurance, HDFC Standard Life, Reliance Life and ICICI Prudential may be able to launch initial public offers in the current fiscal itself as the insurance regulator IRDA and capital market regulator SEBI, fresh out of a turf war, have resumed the process for listing these companies. The necessary guidelines are under preparation.
The insurance regulator has already restarted consultations with SEBI to prepare the final draft on the valuation method to be adopted in the case of insurance companies, sources said.
“In simple terms, the embedded value of a life insurer is the sum of the adjusted net worth and the value of in-force business allowing for the cost of solvency margin held. In consultation with IRDA, we will soon come out with a method for calculating this,” said a SEBI official involved in the process.
Disclosure requirements for insurance companies intending to list are in the final form and are likely to be released by the end of the month.
Read full story here: http://epaper.financialexpress.com/FE/FE/2010/07/06/ArticleHtmls/06_07_2010_001_070.shtml?Mode=1
Life insurance majors like SBI Life Insurance, HDFC Standard Life, Reliance Life and ICICI Prudential may be able to launch initial public offers in the current fiscal itself as the insurance regulator IRDA and capital market regulator SEBI, fresh out of a turf war, have resumed the process for listing these companies. The necessary guidelines are under preparation.
The insurance regulator has already restarted consultations with SEBI to prepare the final draft on the valuation method to be adopted in the case of insurance companies, sources said.
“In simple terms, the embedded value of a life insurer is the sum of the adjusted net worth and the value of in-force business allowing for the cost of solvency margin held. In consultation with IRDA, we will soon come out with a method for calculating this,” said a SEBI official involved in the process.
Disclosure requirements for insurance companies intending to list are in the final form and are likely to be released by the end of the month.
Read full story here: http://epaper.financialexpress.com/FE/FE/2010/07/06/ArticleHtmls/06_07_2010_001_070.shtml?Mode=1
Bank Savings
1. Bank Fixed Deposits, [Term Deposit]
In a Fixed Deposit Saving Scheme a certain sum of money is deposited in the bank for a specified time period with a fixed rate of interest.
When you want to invest your hard earned money for a longer period of time and get a regular income, Fixed Deposit Scheme is ideal. It is SAFE, LIQUID and FETCHES HIGH RETURNS.
Loan / Overdraft facility is available against bank fixed deposits. Now many banks don’t charges for premature withdrawal.
2. Recurring Deposits
Under a Recurring Bank Deposit Saving Scheme, investor invests a specific amount in a bank on a monthly basis for a fixed rate of return. The deposit has a fixed tenure, at the end of which you get your principal sum as well as the interest earned during that period.
Recurring Deposit provides you the element of compulsion to save at high rates of interest applicable to Term Deposits along-with liquidity to access that savings any time
http://savingwala.com/
In a Fixed Deposit Saving Scheme a certain sum of money is deposited in the bank for a specified time period with a fixed rate of interest.
When you want to invest your hard earned money for a longer period of time and get a regular income, Fixed Deposit Scheme is ideal. It is SAFE, LIQUID and FETCHES HIGH RETURNS.
Loan / Overdraft facility is available against bank fixed deposits. Now many banks don’t charges for premature withdrawal.
2. Recurring Deposits
Under a Recurring Bank Deposit Saving Scheme, investor invests a specific amount in a bank on a monthly basis for a fixed rate of return. The deposit has a fixed tenure, at the end of which you get your principal sum as well as the interest earned during that period.
Recurring Deposit provides you the element of compulsion to save at high rates of interest applicable to Term Deposits along-with liquidity to access that savings any time
http://savingwala.com/
Government Tax Savings
RBI Bonds, or RBI Relief Bonds
RBI Bonds are tax saving bonds that have a special provision that allows the investor to save on tax. These Bonds are instruments that are issued by the RBI.
The interest is compounded half-yearly. Maturity period of RBI Bonds is five years, and interest received is tax-free in the hands of the investor
http://savingwala.com/
RBI Bonds are tax saving bonds that have a special provision that allows the investor to save on tax. These Bonds are instruments that are issued by the RBI.
The interest is compounded half-yearly. Maturity period of RBI Bonds is five years, and interest received is tax-free in the hands of the investor
http://savingwala.com/
Deduction under section 24(b)
Under this section, Interest on borrowed capital for the purpose of house purchase or construction is deductible from taxable income up to Rs. 1,50,000 with some conditions to be fulfilled.
Deduction under section 80D.
Under This section, a deduction up to Rs 10,000 (Rs 15,000 in case of senior citizens) is allowed in respect of premium paid by cheque towards health insurance policy, like “Mediclaim”. Such premium can be paid towards health insurance of spouse, dependent parents as well as dependent children.
Section 80 CCE
Aggregate deduction u/s 80 C, u/s 80 CCC and 80 CCD can not exceed Rs. 1,00,000. ( One Lac)
80C Tax Saving Mutual Funds
January 20th, 2009 • Related • Filed Under
Filed Under: Investing • Tax planning Tags: 80C • Mutual Fund • Tax • Tax planning
If you are looking for Tax Saving Mutual Funds refer my list of Best Tax Saving ELSS Funds.
Its high time when every one of us start looking for saving tax and so I thought would make a post here where you can find all the funds where you can invest to save your Tax. This are all Equity based ELSS Funds and all figures are taken from valueresearchonline. Also you would not need to invest completely into this to save complete tax. See Full tax saving without investing one lac for full details.
Fund 1 Year Returns P/E Ratio
Baroda Pioneer ELSS 96 -56.4 14.23
Bharti AXA Tax Advantage Eco – –
Bharti AXA Tax Advantage Regular – –
Birla Sun Life Tax Plan -54.63 16.22
Birla Sun Life Tax Relief 96 -61.52 14.92
Canara Robeco Equity Tax Saver -45.02 13.97
DBS Chola Tax Saver -57.7 17.94
DSPBR Tax Saver -55.23 14.15
DWS Tax Saving -56.63 14.34
Edelweiss ELSS – –
Escorts Tax Plan -59.94 6.58
Fidelity Tax Advantage -47.32 14.75
Fortis Tax Advantage Plan -62.73 14.51
Franklin India Index Tax -49.77 16.79
Franklin India Taxshield -46.62 17.57
HDFC LT Advantage -51.62 13.83
HDFC Taxsaver -50.5 13.73
HSBC Tax Saver Equity -49.64 17.17
ICICI Prudential Tax Plan -54.65 12.39
IDFC Tax Advantage (ELSS) – –
ING Tax Savings -62.82 12.44
JM Tax Gain – 12.67
JP Morgan India Tax Advantage – –
Kotak Tax Saver -57.72 15.13
LICMF Tax Plan -54.17 14.81
Lotus India Tax Plan -48.72 11.05
Magnum Taxgain -53.28 16.08
Principal Personal Tax Saver -61.61 11.73
Principal Tax Savings -63.68 12.2
Quantum Tax Saving – 12.27
Reliance Tax Saver -47.89 14.99
Sahara Tax Gain -48.19 14.35
Sundaram BNP Paribas Taxsaver -45.68 12.96
Tata Tax Saving -53.79 14.09
Taurus Tax Shield -52.03 14.28
UTI Equity Tax Savings -52.17 13.49
http://shabbir.in/80c-tax-saving-mutual-funds/
80C Tax Saving Mutual Funds
January 20th, 2009 • Related • Filed Under
Filed Under: Investing • Tax planning Tags: 80C • Mutual Fund • Tax • Tax planning
If you are looking for Tax Saving Mutual Funds refer my list of Best Tax Saving ELSS Funds.
Its high time when every one of us start looking for saving tax and so I thought would make a post here where you can find all the funds where you can invest to save your Tax. This are all Equity based ELSS Funds and all figures are taken from valueresearchonline. Also you would not need to invest completely into this to save complete tax. See Full tax saving without investing one lac for full details.
Fund 1 Year Returns P/E Ratio
Baroda Pioneer ELSS 96 -56.4 14.23
Bharti AXA Tax Advantage Eco – –
Bharti AXA Tax Advantage Regular – –
Birla Sun Life Tax Plan -54.63 16.22
Birla Sun Life Tax Relief 96 -61.52 14.92
Canara Robeco Equity Tax Saver -45.02 13.97
DBS Chola Tax Saver -57.7 17.94
DSPBR Tax Saver -55.23 14.15
DWS Tax Saving -56.63 14.34
Edelweiss ELSS – –
Escorts Tax Plan -59.94 6.58
Fidelity Tax Advantage -47.32 14.75
Fortis Tax Advantage Plan -62.73 14.51
Franklin India Index Tax -49.77 16.79
Franklin India Taxshield -46.62 17.57
HDFC LT Advantage -51.62 13.83
HDFC Taxsaver -50.5 13.73
HSBC Tax Saver Equity -49.64 17.17
ICICI Prudential Tax Plan -54.65 12.39
IDFC Tax Advantage (ELSS) – –
ING Tax Savings -62.82 12.44
JM Tax Gain – 12.67
JP Morgan India Tax Advantage – –
Kotak Tax Saver -57.72 15.13
LICMF Tax Plan -54.17 14.81
Lotus India Tax Plan -48.72 11.05
Magnum Taxgain -53.28 16.08
Principal Personal Tax Saver -61.61 11.73
Principal Tax Savings -63.68 12.2
Quantum Tax Saving – 12.27
Reliance Tax Saver -47.89 14.99
Sahara Tax Gain -48.19 14.35
Sundaram BNP Paribas Taxsaver -45.68 12.96
Tata Tax Saving -53.79 14.09
Taurus Tax Shield -52.03 14.28
UTI Equity Tax Savings -52.17 13.49
http://shabbir.in/80c-tax-saving-mutual-funds/
Deduction under section 80 CCC(1)
This section allows a deduction of up to Rs. 10,000 to an individual in respect of contribution to ‘Pension’ scheme of LIC of India or any other Insurance Co.
Tax saving Pension plans available in market are LIC’s Jeevan Suraksha, ICICI Pru Life Time Pension, Aviva Life Pension Plus, Max Easy Life policy, Tata AIG’s Nirvana Plus etc.
Tax saving Pension plans available in market are LIC’s Jeevan Suraksha, ICICI Pru Life Time Pension, Aviva Life Pension Plus, Max Easy Life policy, Tata AIG’s Nirvana Plus etc.
Tax Rebates under Indian Income Tax Act Specified Investment Schemes u/s 80C
■Life insurance premium payments
■Contributions to Employees Provident Fund (EPF) / GPF
■Public Provident Fund (maximum Rs 70,000 in a year)
■National Saving Certificates including accrued interest. [NSC]
■Unit Linked Insurance Plan (ULIP)
■5-Year fixed deposits with banks and Post Office
■Repayment of Housing Loan (Principal)
■Senior Citizens Savings Scheme (SCSS)
■Equity Linked Savings Scheme (ELSS)
■National Pension Scheme (NPS)
■Tuition Fees including admission fees or college fees paid for Full-time education of any two children of the assessee (Any Development fees or donation or payment of similar nature shall not be eligible for deduction).
■Infrastructure Bonds issued by Institutions/ Banks such as IDBI, ICICI, REC, PFC etc.
http://savingwala.com/
■Interest accrued in respect of NSC VIII issue
■Contributions to Employees Provident Fund (EPF) / GPF
■Public Provident Fund (maximum Rs 70,000 in a year)
■National Saving Certificates including accrued interest. [NSC]
■Unit Linked Insurance Plan (ULIP)
■5-Year fixed deposits with banks and Post Office
■Repayment of Housing Loan (Principal)
■Senior Citizens Savings Scheme (SCSS)
■Equity Linked Savings Scheme (ELSS)
■National Pension Scheme (NPS)
■Tuition Fees including admission fees or college fees paid for Full-time education of any two children of the assessee (Any Development fees or donation or payment of similar nature shall not be eligible for deduction).
■Infrastructure Bonds issued by Institutions/ Banks such as IDBI, ICICI, REC, PFC etc.
http://savingwala.com/
■Interest accrued in respect of NSC VIII issue
Sunday, August 8, 2010
Best Funds to Buy
Best Funds to Buy
Equity Diversified 3 mth 6 mth 1 yr 3 yr
DSP-BR Micro Cap Fund - RP (G) 13.6 37.6 87.7 16.4
IDFC Small&Midcap Eqty -G 12.4 23.9 58.1 -
Birla SL Dividend Yield (G) 13.2 23.5 48.4 20.8
Reliance Equity Oppor - RP (G) 13.7 25.6 63.7 15.1
IDFC Premier Equity - A (G) 17.8 25.8 55.8 24.2
(money control )
Equity Diversified 3 mth 6 mth 1 yr 3 yr
DSP-BR Micro Cap Fund - RP (G) 13.6 37.6 87.7 16.4
IDFC Small&Midcap Eqty -G 12.4 23.9 58.1 -
Birla SL Dividend Yield (G) 13.2 23.5 48.4 20.8
Reliance Equity Oppor - RP (G) 13.7 25.6 63.7 15.1
IDFC Premier Equity - A (G) 17.8 25.8 55.8 24.2
(money control )
Subscribe to:
Posts (Atom)