Mutual Fund Expert

Investing in Mutual Funds by SMS its that simple. IDFC starts SMS transact facility

2012-05-25T14:59:00.001+05:30

I have seen so many people having spare cash in there savings account or in there current account fetching very less interest. Many of this people know that if they invest in liquid fund they can fetch much higher returns but just dont like the hastle of writing a cheque and going all the way to the amc office to submit the form. well well here is a solution. you can just send an SMS and your

'SIP ki Kahani' an animation video explaining the power of SIP by Kotak AMC

2012-03-30T11:30:00.000+05:30

This is an interesting animation movie made by Kotak AMC explaining the power of SIP using filmy style. http://eksipkikahani.com/movie/

Income Tax limits for Individuals for AY 2012 -2013

2012-03-16T12:28:00.001+05:30

Proposed Income Tax slab for Individual Tax payer for AY 2012-2013. upto 2,00,000 - Nil above 2,00,000 till 5,00,000 - 10% above 5,00,000 till 10,00,000 - 20% above 10,00,000 - 30% Rajiv Gandhi Equity Investment scheme encourages tax payer to invest upto Rs 50,000 directly in equity will fetch a tax exemption of around 50% of the Investment. Savings Bank account Interest

Simple yet Best Financial Plan for an Individual.

2011-10-04T13:00:00.000+05:30

Everybody either buys too many financial products like LIC or ULIP or NFO and things keeps getting added based on how many agents have pushed the products and after a while its too complicated and dont know whats happening or an Individual just dont save anything or totally allergic to any financial planning or most people even want to start investing but procrastinate on things or they put all

Tax Deductions on Rental Income of property

2011-09-21T14:07:00.000+05:30

If you have a real estate property which is given on Leave and License and earning rental income then you can claim Tax deductions as follows 1) Rental Income are allowed Standard deduction of 30% or Actual expenses on maintaining the property which ever is higher. 2) you can deduct Property Tax from the same 3) Water charges are also deductible 4) Loan Interest is also deductible if any taken

ATM Transaction charges on use of Third party ATM

2011-08-12T11:27:00.000+05:30

ATM transactions use have been on rise of late and it is an easier and convenient way for masses to access cash. Third Party ATM (use of ATM other than your own bank) use is on rise and more convenient but now there is some changes to that. 1) you will be allowed only 5 free transaction in a month anything above will be chargeable. 2) Even balance enquiry or any other transaction including the

Salaried income of less then 5 lakh do not need to file IT returns with some conditions

2011-07-07T14:08:00.000+05:30

Individual whose main income source is from salary with taxable income of less than Rs 5 lakh will not have to file income-tax returns in the current assessment year. However there are few conditions where exemption is not allowed, few of them are as follows. 1)Salary income of less than Rs 5 lakh in FY 2010-11,is exempted from filing IT return provided the salary

Savings a/c interest rate increased to 4% with immediate effect from 3/05/2011

2011-05-04T08:14:00.001+05:30

Good Newssssssssssss for everybody having a savings account in a bank will fetch them more money. RBI have increased the interest rates for all the banks to be increased to 4% from earlier 3.5% with immediate effect to be effective from 3/05/2011. This means that if you have a Rs 1,00,000 lakh in savings account for a year it would fetch you Rs 4,000 instead of Rs 3,500 earlier. This is a good

UTI Mutual Fund declares BONUS in three schemes;UTI Childrens Career Balanced plan,UTI Unit linked Insurance plan, UTI Retirement Benefit Pension Fund

2011-04-22T15:38:00.000+05:30

UTI Mutual Fund has declared a 1:10 bonus in three of its schemes: 1. UTI Children's Career Balanced Plan 2. UTI Unit Linked Insurance Plan 3. UTI Retirement Benefit Pension Fund. The quantum of bonus will be in the ratio of 1:10 (1 unit for every 10 units held). The record date of bonus is 25/04/2011. UTI-ULIP is an open-end tax saving cum insurance scheme with a corpus

Income Tax limits for Individuals for AY 2011 -2012

2011-02-28T16:31:00.001+05:30

MALE upto 1,80,000 - Nil above 1,80,000 till 5,00,000 - 10% above 5,00,000 till 8,00,000 - 20% above 8,00,00 and above - 30% WOMEN upto 1,90,000 - Nil above 1,90,000 till 5,00,000 - 10% above 5,00,000 till 8,00,000 - 20% above 8,00,00 and above - 30% Senior Citizen(above 60 years) upto 2,50,000 - Nil above 2,50,000 till 5,00,000 - 10% above 5,00,000 till 8,00,000 - 20% above

Documents Required for Investing in Mutual Funds

2011-02-10T17:55:00.001+05:30

Documents to be Submitted 1) Completed Application form of the respective Fund 2) Cheque in favour of the scheme you want to invest in 3) Copy of Pan card (self Attested) 4) ECS Auto debit form in case of SIP 5) KYC (Know your customer)Form, Compulsory for all Investors a) Photograph of the Investor b) Copy of Address Proof self attested (Passport,Ration Card,Electricity Bill etc)

15 years returns of SIP ; Importance of choosing the right Mutual Fund

2010-07-29T09:18:00.000+05:30

The importance of choosing a RIGHT Mutual Fund Following is the results of SIP Investment of Rs.5000 every month for 15 years in Best and worst Mutual Funds. Returns as on May 31,2010 (source : valueresearch) BEST HDFC Equity Fund - 120,17,370 (more then a crore. YES becoming crorepati is easy !) Franklin India Bluechip - 94,87,199 Magnum Multiplier - 51,56,455 WORST

How to close a defunct company from Registrar of companies amnesty scheme

2010-05-31T12:00:00.002+05:30

Many enterpreneurs have created private limited companies and now are not using it or the company is in dormant or defunct state and they want to close it. But to close they have to get NOC from various departments and its big task in itself. so the govt have come up with an amnesty scheme with effect 30/5/2010. The details is given on the site of http://www.mca.gov.in/ as follows: The Ministry

New Income Tax Return Form SARAL II for Assessment Year 2010-11 Download

2010-04-30T12:10:00.000+05:30

Income Tax department had issued a New form called Saral - II for the Assessment year 2010-11 and it is very much simpler and just 3 page to be filled by individuals. you can download the form from the following links http://incometaxindia.gov.in/download_all.asp http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=NOTF&schT=&csId=db162fbb-0555-4653-9e67-c818dd522568&sch=&title=Taxmann%

Top Performing Mutual Funds for Financial Year 2009-2010

2010-04-01T11:56:00.000+05:30

Top Performing ELSS Tax saving Equity Mutual Fund for the Financial Year 2009-2010 are as follows (Returns from Nifty - 73.8% and Sensex - 80.5% ) ICICI Pru Tax Plan - 120.6 % Bharti AXA Tax Advtg - 114.4 % Can Robeco Equity Tax saver - 113.4 % HDFC Tax Saver - 110.5 % Birla SL Tax Releif 96 - 107.0 % All the top 5 funds have outperformed

Best Performing Mutual Funds for the month of February 2010

2010-03-03T11:10:00.000+05:30

Top performing equity diversified Mutual Funds for the month of February 2010 are as follows Birla SL Comm Eqty-GAP Religare AGILE Fund IDFC ss(50 - 50) Equity ICICI Pru Services Indus Edelweiss Nifty Enhancer Top performing Tax saving ELSS equity Mutual Funds for the month of February 2010 are as follows Religare AGILE Tax ICICI Pru RIGHT Fund Axis Tax Saver ICICI Pru Tax Plan Edelweiss ELSS

Income Tax slab for Assesment Year 2010- 2011

2010-02-26T21:39:00.001+05:30

The Income tax for individuals have been revised as follows MALE upto 1,60,000 - Nil above 1,60,000 till 5,00,000 - 10% above 5,00,000 till 8,00,000 - 20% above 8,00,00 and above - 30% WOMEN upto 1,90,000 - Nil above 1,90,000 till 5,00,000 - 10% above 5,00,000 till 8,00,000 - 20% above 8,00,00 and above - 30% Senior Citizen upto 2,40,000 - Nil above 2,40,000 till 5,00,000 - 10%

HDFC Mutual Fund declared dividend in Growth Fund and Capital Builder Fund

2010-02-20T13:33:00.000+05:30

HDFC Mutual Fund has declared the dividend under the dividend option of HDFC Growth Fund - 27.50% HDFC Capital Builder Fund. - 22.50% The record date is 25 th of February 2010.

BEAWARE; income-tax refund fraudulent email from clone of Income-Tax department is doing the rounds

2010-02-11T11:36:00.000+05:30

Following is the detail of a fraud email doing the rounds it claims to give Income -Tax refund, be careful and do not give any information on this website as it is not IT departments website but a fraud website. http://gerolp.com/iti/ ================================ Flag this messageYour Tax Refund is now available in 12 hours !Monday, February 8, 2010 7:02 PM From: "Income Tax Department"

LIC Wealth Plus Plan - Guaranteed returns of Highest NAV from first 7 years payable on maturity

2010-02-09T10:12:00.000+05:30

LIC has launched a Unit Linked plan called Wealth plus plan. The feature of this policy are as follows. Highest NAV payble from first 7 years or NAV on maturity of 8th year whichever is higher on maturity. single premium or 3 years premium payment Min Rs 40,000 for single premium or Rs 20,000 for 3 years Policy matures after 8 years Risk cover 1.25 times of single premium policy / 5 times of

Top performing Mutual Funds for the month of January 2010

2010-02-01T09:48:00.000+05:30

Top performing equity diversified Mutual Funds for the month of Jan 2010 are as follows IDFC Premier Equity ICICI Pru Discovery Fund Religare Mid N Smallcap Fund DSP - BR Micro Cap Fund ICICI Pru Emerging S.T.A.R Fund Top performing Tax saving ELSS equity Mutual Funds for the month of Jan 2010 are as follows SBI Tax advantage Sr-1 Can Robeco Equity Taxsaver Reliance Tax saver ELSS ICICI Pru

Dividend declared by HDFC Long Term Advantage Fund

2010-01-08T19:01:00.000+05:30

HDFC Mutual Fund has declared dividend under HDFC Long Term Equity Fund, Dividend is 12.50%. The record date is January 8, 2010. HDFC Longterm Advantage fund is an ELSS tax saving Fund and on an average in past 1 year its return is 93% and that of sensex is 86%. If you look at the long term return of over 5 years then the return is 20% compounded annually compared with sensex return of 22%.

Top performing Mutual Funds of 2009

2009-12-31T15:50:00.000+05:30

Top performing Equity Mutual Funds for the year 2009 Principal Emerging Bluechip JM Mid Cap Fund ICICI Pru Discovery Fund Taurus Infrastructure Principal LT Equity 3 yr Top performing Balanced Mutual Funds for the year 2009 Kotak Dynamic Asset Allocation HDFC Prudence Fund ICICI Pru CCP - Gift Plan Reliance RSF Balanced Tata Balanced Fund Top performing ELSS Mutual Funds for the year 2009

UTI Mutual Fund declares dividend in Tax saving scheme

2009-12-25T18:53:00.000+05:30

UTI Mutual Fund declares a dividend in two of its schemes. 1) UTI Tax saving ELSS Fund - 15% dividend 2) UTI Transportation and Logistics Fund - 15% dividend. the record date for above dividend is 29th December 2009

Top performing Mutual Funds for the month of November 2009

2009-12-01T18:04:00.000+05:30

Top performing diversified Equity Mutual Fund for the month of November 2009 SBI Magnum Comma Fund JM HI FI Fund Birla SL comm Equity Sundaram Media and Ent. Religare AGILE Fund Top ELSS MF for the monthe of November 2009 Bharti AXA Tax Advantage JM Tax gain Fund DBS Chola Tax saver Fund Religare AGILE Tax HSBC Tax Saver Equity Fund