Tax Saving Mutual Funds Online

Toll free customer care nos. of all mutual fund houses in India.

Toll Free Number of all Mutual Fund House

	Mutual Fund House	Toll Free No.
1	Tata Mutual Fund	1800-209-0101
2	DSP Blackrock	1800-200-4499
3	HDFC Mutual Fund	1800-233-6767
4	SBI Mutual Fund	1800-425-5425
5	Reliance Mutual Fund	1800-300-1111
6	Kotak Mutual Fund	1800-22-2626
7	Axis Mutual Fund	1800-3000-3300
8	ICICI Pru Mutual Fund	1800-200-6666
9	L&T Mutual Fund	1800-209-6565
10	Religare Mutual Fund	1800-209-0007
11	Sundram Mutual Fund	1800-425-1000
12	UTI Mutual Fund	1800-22-1230
13	Quantum Mutual Fund	1800-22-3863
14	Principal Mutual Fund	1800-22-5600
15	Peerless Mutual Fund	1800-200-9995
16	Mirae Aseet Mutual Fund	1800-1020-777
17	Morgan Stanley	1800-425-1313
18	JP Morgan Mutual Fund	1800-22-5763
19	JM Mutual Fund	1800-22-3132
20	Fidelity Mutual Fund	1800-2000-400
21	Franklin Templeton Mutual Fund	1800-425-4255

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Invest Mutual Funds Online

Download Mutual Fund Application Forms from all AMCs

Best Performing Mutual Funds

Largecap Funds Invest Online

DSP BlackRock Top 100 Fund
ICICI Prudential Focused Blue Chip Fund
Birla Sun Life Front Line Equity Fund

Large and Midcap Funds Invest Online

ICICI Prudential Dynamic Plan
HDFC Top 200 Fund
UTI Dividend Yield Fund

Mid and SmallCap Funds Invest Online

Reliance Equity Opportunities Fund
DSP BlackRock Small & Midcap Fund
Sundaram Select Midcap
IDFC Premier Equity Fund

Small and MicroCap Funds Invest Online

DSP BlackRock MicroCap Fund

Sector Funds Invest Online

Reliance Banking Fund
Reliance Banking Fund

Gold Mutual Funds Invest Online

Relaince Gold Savings Fund
ICICI Prudential Regular Gold Savings Fund
HDFC Gold Fund

Monday 28 May 2012

Fixed Maturity Plans (FMP)

Fixed maturity plans (FMP) make sense for risk-averse investors who have a set timeframe. So, if there is an FMP on offer that matches your investment timeframe and you don't want to assume any risk, go for it. FMPs are structured in such a manner that they assume very low risk. They are low on costs and generate fairly predictable returns. However, the best time for FMPs might be coming to an end because of the falling interest rates, so you might as well consider income funds.

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Invest Mutual Funds Online

Download Mutual Fund Application Forms from all AMCs

Best Performing Mutual Funds

Largecap Funds Invest Online

DSP BlackRock Top 100 Fund

ICICI Prudential Focused Blue Chip Fund

Birla Sun Life Front Line Equity Fund

Large and Midcap Funds Invest Online

ICICI Prudential Dynamic Plan

HDFC Top 200 Fund

UTI Dividend Yield Fund

Mid and SmallCap Funds Invest Online

Reliance Equity Opportunities Fund

DSP BlackRock Small & Midcap Fund

Sundaram Select Midcap

IDFC Premier Equity Fund

Small and MicroCap Funds Invest Online

DSP BlackRock MicroCap Fund

Sector Funds Invest Online

Reliance Banking Fund

Reliance Banking Fund

Gold Mutual Funds Invest Online

Relaince Gold Savings Fund

ICICI Prudential Regular Gold Savings Fund

HDFC Gold Fund

Wednesday 23 May 2012

Gold Savings Fund

Gold Savings Funds

An interesting way of buying Gold is developing in India nowadays. It is thorugh Gold savings funds. They resemble Gold fund of funds, but there are some drastic differences between them. Gold savings fund usually invest the money in Gold ETFs of the parent company and small percentage in fixed deposits and other money market instruments. where as Gold fund of funds invest in physical gold and equity and other instruments. Major merit of this type of investments is the non requirement of Demat account for the investors. In other words, unlike Gold ETF, you don't need a demat account for buying the units of Gold savings fund.

If an investor want to buy the units of the fund, just go to the branches of asset management company and buy and sell the units. Another merit is the presence of SIP or EMI options in the scheme. You can remit SIP as low as Rs.100. For those sections of the population which are still outside the Demat network can buy Gold through this route. Main demerit of Gold Savings fund is the high expense ratio. It is more expensive than Gold ETF. At present three mutual funds are offering this type of funds. SBI, Kotak and Reliance mutual fund. These funds mirror the performance of the parent Gold ETF. Expense ratio is high when compared to Gold ETF. For those who have demat account, gold ETF is a better option. For those who don't have Demat account, Gold Savings fund can be a better a option.

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Invest Mutual Funds Online

Download Mutual Fund Application Forms from all AMCs

Best Performing Mutual Funds

Largecap Funds Invest Online

DSP BlackRock Top 100 Fund

ICICI Prudential Focused Blue Chip Fund

Birla Sun Life Front Line Equity Fund

Large and Midcap Funds Invest Online

ICICI Prudential Dynamic Plan

HDFC Top 200 Fund

UTI Dividend Yield Fund

Mid and SmallCap Funds Invest Online

Reliance Equity Opportunities Fund

DSP BlackRock Small & Midcap Fund

Sundaram Select Midcap

IDFC Premier Equity Fund

Small and MicroCap Funds Invest Online

DSP BlackRock MicroCap Fund

Sector Funds Invest Online

Reliance Banking Fund

Reliance Banking Fund

Gold Mutual Funds Invest Online

Relaince Gold Savings Fund

ICICI Prudential Regular Gold Savings Fund

HDFC Gold Fund

Tuesday 22 May 2012

ICICI Prudential Dynamic Plan

Tax Saving Mutual Funds Online

ICICI Prudential Dynamic Plan is a flexi-cap opportunity fund launched in November 2002. The fund has been ranked in the top 30 percentile, that is, either CRISIL Fund Rank 1 or CRISIL Fund Rank 2, of the peer group in the 'Diversified Equity Funds' category under CRISIL Mutual Fund Ranking methodology for 13 of the past 16 quarters. This methodology looks at a fund's performance in the past two years.

Over a longer time frame, the fund has been ranked CRISIL Fund Rank 1 in the 'Consistent Performers - Equity' category for the quarter ended December 2011, wherein the fund entered this category for the first time. The 'Consistent Performers' category ranks those funds which have been part of the CRISIL Mutual Fund ranking for a five-year time frame. The rank is a composite of historical performance of the fund in the CRISIL Mutual Fund Ranking and risk-adjusted return of the fund over a five year period. The fund's average assets under management (AUM) were ~3,962 crore for the quarter ended December 2011.

Investment style The fund dynamically manages its equity exposures in response to equity market valuations. It has increased the equity exposure when the markets were undervalued and decreased it when the markets were overvalued. As compared to peers, the fund has aggressively managed its equity exposure. Since inception, the fund has been able to outperform its benchmark(S&P CNX Nifty) 71 per cent of times in a downtrend (benchmark giving negative returns quarter-onquarter) and 68 per cent of the times in an uptrend (benchmark giving positive returns quarter on-quarter). This indicates that the fund's strategy has helped in outperforming the benchmark on majority occasions across market phases.

Performance The fund has outperformed both the benchmark and the category across multiple time frames, viz., one, two, three, five and seven years. For the past one year, the fund gave positive annualised return of three per cent as against two per cent by the category and negative return of one per cent by the benchmark. Over the longer time frame of seven years, the fund gave an annualised return of 21 per cent vis-à-vis 14 per cent and 16 per cent by the benchmark and category, respectively. A monthly systematic investment plan (SIP) investment of ~1,000 for seven years would have grown to ~1,42,139 as on March 14, 2012 (principal invested of ~84,000) resulting in annualised returns of 15 per cent. A similar investment in the benchmark would have grown to ~1,16,958, yielding nine per cent annualised gains.

Risk The fund has managed to generate higher returns than the benchmark and category while maintaining low volatility over the past five years. The average monthly volatility for the fund over this period was 23 per cent vis-à-vis 27 per cent and 28 per cent for the category and benchmark, respectively. Since inception, the fund has a beta of 0.8 indicating relatively lower risk.

Portfolio analysis The fund has a well diversified portfolio with average 59 stock holdings over the past three years. At the sector level, the fund is more concentrated than its peers. The top 5 sectors of the fund formed 63 per cent of the fund as against 56 per cent for the category over the past three years. Within equities, the fund has taken a majority exposure to large cap stocks. Over the past three years, the fund has taken an average 77 per cent of its equity exposure to CRISIL defined large cap stocks. Further, almost 52 per cent of these stocks were part of the S&P CNX Nifty.

Overweight ex

posures to sectors like pharmaceuticals, healthcare and telecom and underweight exposures to petroleum products, power and industrial

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

HDFC TaxSaver

ICICI Prudential Tax Plan

DSP BlackRock Tax Saver Fund

Birla Sun Life Tax Relief '96

Reliance Tax Saver (ELSS) Fund

IDFC Tax Advantage (ELSS) Fund

SBI Magnum Tax Gain Scheme 1993

Sundaram Tax Saver

Check your KYC Status

You can check your KYC verification status by going CVL website.

Enter your PAN NO & check status will be shown as:

KYC under Process : KYC in process
KYC Complete : KYC verify
KYC Rejected : Invalid data

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Invest Mutual Funds Online

Download Mutual Fund Application Forms from all AMCs

Best Performing Mutual Funds

Largecap Funds:

DSP BlackRock Top 100 Fund

ICICI Prudential Focused Blue Chip Fund

Birla Sun Life Front Line Equity Fund

Large and Midcap Funds

ICICI Prudential Dynamic Plan

HDFC Top 200 Fund

UTI Dividend Yield Fund

Mid and SmallCap Funds

Reliance Equity Opportunities Fund

DSP BlackRock Small & Midcap Fund

Sundaram Select Midcap

IDFC Premier Equity Fund

Small and MicroCap Funds

DSP BlackRock MicroCap Fund

Sector Funds

Reliance Banking Fund

Reliance Banking Fund

Gold Mutual Funds

Relaince Gold Savings Fund

ICICI Prudential Regular Gold Savings Fund

HDFC Gold Fund

Met Life Monthly Income Plan

Product Details

Met Life's Monthly Income Plan is a scheme that guarantees payment of a monthly income to the policyholder for a period of 15 years after the end of the premium paying term. In the event of the death of the policyholder, the regular monthly income shall accrue to the nominee. Investors can choose a policy term of 20 or 25 years. The corresponding premium paying term for the same is 5 and 10 years, respectively.

Additional Features

The scheme pays an additional 25% of the sum assured to the nominee in the event of the death of the policyholder during the policy term. The additional sum assured is paid along with the payment of regular monthly incomes until the maturity of the policy.

Policy At A Glance

Assuming the age of a healthy male policyholder to be 55 years and the policy term to be 20 years, the premium payable during the limited premium paying term of 5 years and the benefits that will accrue to the policyholder at various quanta of monthly income are illustrated herewith…

Met Life Monthly Income Plan is structured in a manner so as to provide the amount of the sum assured to the policyholder in installments, as a regular monthly income, during the policy term itself, rather than return the same as a lumpsum on maturity. The policy thus makes sense for those nearing their retirement age, as it will ensure a regular stream of income then.

However, as far as the returns are concerned, for the policy taken at 55 years of age, the absolute gains from this plan over a period of 20 years are less than 9%. While the returns are relatively higher at lower age groups, say, 18% if the policy is taken at 30 years of age, the same fail to match even the returns that one can gain by investing in bank term deposits during this tenure.

Invest in this plan only for the sake of the convenience of regular income. Those seeking higher returns may give this one a skip.

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Invest Mutual Funds Online

Download Mutual Fund Application Forms from all AMCs

Best Performing Mutual Funds

Largecap Funds:

DSP BlackRock Top 100 Fund

ICICI Prudential Focused Blue Chip Fund

Birla Sun Life Front Line Equity Fund

Large and Midcap Funds

ICICI Prudential Dynamic Plan

HDFC Top 200 Fund

UTI Dividend Yield Fund

Mid and SmallCap Funds

Reliance Equity Opportunities Fund

DSP BlackRock Small & Midcap Fund

Sundaram Select Midcap

IDFC Premier Equity Fund

Small and MicroCap Funds

DSP BlackRock MicroCap Fund

Sector Funds

Reliance Banking Fund

Reliance Banking Fund

Gold Mutual Funds

Relaince Gold Savings Fund

ICICI Prudential Regular Gold Savings Fund

HDFC Gold Fund

Budget 2012 - Insurance policy gets tax benefits

When this year's budget laid down new rules for life insurance, it was presumed that mis-selling would lose its sting. Far from it, mis-selling has now become more dangerous for your finances. Till 31 March, if someone was missold an unsuitable life insurance policy, the most he would have lost was the liquidity and the opportunity to invest in a more lucrative avenue. But at least he got the tax benefits—tax deduction of the premium under Sec 80C and tax-free income on maturity under Sec 10(10D).

Now, if a buyer is not careful, he may end up buying a policy that won't offer any tax benefits. Even the money received by his nominee in case of death will be taxable if the policy does not cover the buyer for 10 times the annual premium. Individual agents as well as aggregator sites are happily selling insurance policies that are not eligible for tax benefits. Till last week, a prominent insurance portal was hawking Jeevan Vriddhi, a single premium plan from LIC that covers the buyer for five times the premium. Posing as a buyer, ET Wealth called up the portal and was given the assurance that the policy will offer the tax benefits under Section 80C and Section 10(10D).

Insurance agents also have their hands in the till. They are bombarding buyers with attractive benefit illustrations without educating them on the post-budget tax implications. An agent of a private insurance company approached us with an endowment insurance policy that offered a cover of seven times the premium. It is by itself a good plan because it offers the option of a whole life cover as well as term cover and accidental death riders But the five-year option that he was trying to sell is not eligible for any tax benefits and he was oblivious of the fact. When this was pointed out to a senior official, he mumbled that the company will soon be conducting training sessions on the changes in the rules.

The budget has very clearly stated that policies issued after 1 April must meet the 10 times criteria to claim the tax benefits. "The Sec 80C tax de duction is not as important for insurance buyers as the Sec 10(10D) tax exemption," says V. Srinivasan, chief financial officer, Bharti AXA Life Insurance. For a buyer who is not aware of the 10 times norm, there may be a rude shock waiting when the policy matures or when his nominee gets the insured amount after his death.

To ensure that companies don't design products to circumvent the rules, the budget has clarified that the cover shall not include bonuses and other payments made by the company. Only the basic cover will be taken into account The budget has also mentioned that the cover should remain at least 10 times throughout the tenure of the policy. This means that plans in which the cover comes down from the second year onwards will also not make the cut.

If you are planning to invest in a life insurance policy make sure it complies with the new eligibility norms for tax benefits. The base cover offered by the policy should be at least 10 times the annual premium. For instance, if the premium is 12,000 a year, then the cover should be at least 1.2 lakh.

Two weeks back, Finance Minister Pranab Mukherjee had asked the Insurance Regulatory and Development Authority to take strict action against companies that are mis-selling insurance. The truth is, companies don't mis sell—their agents and advisers do. The problem is that companies don't actively dis courage the mis-selling and er rant agents usually get away with a mild rap on the knuckles. Insurers will have to take stricter action against mis-selling. If they do not take cor rective measures now, in a few years Irda will be inundated with mis-selling complaints from taxpayers who have been denied tax deduction and ex emption on their investments in life insurance.

What to check before you buy

• The cover should be at least 10 times the annual premium of the policy.

• The life cover should not fall below the 10 times level even in subsequent years.

• The sum assured should only be the basic cover and should not include bonuses and other payments.

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Invest Mutual Funds Online

Download Mutual Fund Application Forms from all AMCs