Archives for

MF

Mutual Funds: Changes in Budget 2013 – Increased DDT, Lower STT

There are two things that have changed for mutual funds in budget 2013. We discuss both one by one. I would start with the good news first. Lower Securities Transaction Tax (STT) on Mutual Funds: The securities transaction tax has been lowered substantially on redemption of Mutual Funds (MF) and Exchange Traded Funds (ETFs) from [...]

How to Stop SIP in Mutual Fund? [Download Application Form]

Systematic Investment Plan (SIP) in Mutual Fund is one of the best way to accumulate wealth and works especially well for long term goals. Keeping this in mind investors do long term SIPs like 5 years, 10 years or even perpetual. Perpetual SIPs are those which have no ending date and so the SIP would [...]

12 Changes in 2012 that impacts your Investment

Today is the last day of 2012 and thanks to SEBI, RBI, and Finance Ministry among others which made some significant changes in your personal finance and investment. I have listed 12 of them. 1. One Scheme One Plan for Mutual Funds: Mutual Funds till now had multiple version of the same scheme – one [...]

Tax Treatment for Various Financial Assets

Tax Treatment of Various Financial Instruments

Taxation on your investment is as important as the return on Investment. All financial instruments go through three stages Investment Earning Withdrawal The tax rules vary across the above three phases. This post would tell you how different financial Instruments are taxed in these three phases and what would be its impact on you. Based on [...]

Best Tax Saving Mutual Fund ELSS Fund to invest in 2011-12

Best Tax Saving Mutual Fund / ELSS Fund to invest in 2012-13

ELSS (Equity Linked Saving Scheme) also popularly known as Tax Saving Mutual Funds are one of the best investments you can do to save tax and create wealth in the long run. But unfortunately according to the proposed direct tax code ELSS would be a thing of past and it would no more be eligible as tax saving instrument under section 80C of Income tax. Nevertheless Financial [...]

Birla Sun Life Recurring Savings Plan – Review

Birla Sun Life Mutual Fund has put big front page advertisement in all leading dailies about its Recurring Savings Plan (RSP). On checking out the details of the RSP, you would realize it’s the same old Systematic Investment Plan (SIP) coupled with free group life insurance with a new name of Recurring Savings Plan (RSP). [...]

FMP VS Fixed Deposit – Where to Invest?

Fixed maturity plans (FMP) are closed ended debt mutual funds which are very similar to fixed deposit by banks. These are of varying tenures like three months, six months, one and two years and rarely for three years. These schemes portfolio consists of debt securities such as Government Securities, certificate of deposit and commercial papers of [...]

IDBI India Top 100 Equity Fund – Should you Invest?

IDBI Mutual Fund has launched its second equity fund – IDBI India Top 100 Equity Fund which has opened for subscription on April 25, 2012. Investment Objective: To provide investors with opportunities for long-term growth in capital through active management of a diversified basket of equity stocks, debt and money market instruments. The investment universe [...]

Five Ways to Invest in Gold

Gold has always fascinated us Indians. Traditionally the only way to own gold was in form of Jewelry which was passed from generation to generation. These jewelries are commonly made of 22 Karat gold which means 91.6% gold. Next, the fascination for pure gold lead to a market for 99.9% pure Gold coins and bars. [...]

What does Mutual Fund Name tells You?

Whats in the name! said Shakespeare… but we differ here. Mutual fund names can tell you a lot more. The names tell you the broad strategy is the fund is going to follow for investment. This helps them differentiate from the plain vanilla equity mutual fund schemes. Growth Funds: This is the most common fund [...]

Birla Sunlife Century SIP: Free Life Insurance with Mutual Fund

Mutual Funds (MF) are one of the best investment vehicles to create wealth in the long run. And Systematic Investment Plan (SIP) the best way to invest in them. What if the Mutual Fund companies start offering free insurance with MF SIPs in their schemes! According to me it’s an excellent opportunity to start doing [...]

Personal Finance: Changes from April 2012

With start of new financial year 2012-13, a lot would change from today in personal finance space. Here is the list. Good News: Increased Interest on Small Savings Scheme like PPF, NSC, etc: The government has increased interest rates on post office deposits like PPF, NSC, Fixed Deposit, Recurring Deposit, and Senior citizen Scheme in [...]

Best Tax Saving Mutual Fund / ELSS Fund to invest in 2011-12

ELSS (Equity Linked Saving Scheme) also popularly known as Tax Saving Mutual Funds are one of the best investments you can do to save tax and create wealth in the long run. But unfortunately according to the proposed direct tax code ELSS would be a thing of past and it would no more be eligible as [...]

The advantage of being Woman – Financially!

There are advantages of being a woman – both financially and other wise. But this post focuses on the advantages the women have in the financial world. Income Tax Benefit: Under the current tax regime, women pay less tax than men. For the present financial year (2011 – 12), the tax exemption limit for women [...]

IDFC Premier Equity Fund Opens for subscription – March 2012

IDFC Mutual Fund has announced the re-opening of IDFC Premier Equity Fund for new subscriptions, with effect from March 1, 2012. Units will be available at the applicable NAV. Last time, it was opened on March 31, 2011. So whats so great about it? IDFC Premier Equity Fund is one of the best mid cap [...]

Cost of Buying Mutual Fund through Demat Account

Are you are the one who invests in Mutual Funds using your Demat Account or who loves its convinience? Well the good news is Reliance Money has finally revised its Mutual Fund Investment Fee with effect from 2nd February 2010. As you might be aware SEBI had removed Mutual Fund Entry Load and had given [...]

Axis Equity Fund – First Equity Fund from Axis AMC

Axis Equity Fund: Fund Facts Fund objective The fund seeks long-term capital appreciation from a diversified portfolio of stocks across the market capitalization spectrum. The fund will follow a bottom-up stock-picking system and focus on growth companies with sustainable business models. NFO opening date November 11, 2009 NFO closing date December 08, 2009 Fund Manager Chandresh Nigam Benchmark Index S&P CNX [...]