ICICI Prudential Value Fund - Series 10

Tenure	1100 days
NFO Period	21st December 2016 to 4th January 2017
MICR cheques	Till end of business day on 4th January 2017
RTGS and transfer cheques	Till end of business day on 4th January 2017
Switches	Switches from equity schemes - 4th January 2017; Till cut off time (specified for switch outs in the source scheme) 4th January 2017 from other schemes^
Option to be launched	ICICI Prudential Value Fund - Series 10- Growth & Dividend ICICI Prudential Value Fund - Series 10 Direct Plan - Growth & Dividend
Entry / Exit Load	Nil
Minimum Application Amount	Rs.5,000/- (plus in multiple of Re.10)
Liquidity	To be listed
Benchmark	S&P BSE 500 Index
Fund Manager	Mrinal Singh & Vinay Sharma*

We have recently witnessed high volatility in Indian Equity market due to events like demonetisation, RBI monetary policy, Fed rate hike. Demonetisation is part of long-term structural reforms. It may lead to near term market volatility but we believe it should be followed by growth in financial inclusion, digital payments and banking liquidity as parts of the unorganized economy move into organised and mainstream economy, boosting growth and investors should look beyond near term concerns, as situation will return to normal and the economy can start moving smoothly again.

Also improvement in the macro indicators, focus on new and existing projects, and governments thrust on reforms, we believe the economy has reached the inflection point and is expected to grow over next 3 to 5 years and this strengthens our conviction in launching ICICI Prudential Value Fund - Series 10, a 3 year close ended equity fund that aims to provide long-term capital appreciation by taking exposure in those stocks/sectors that are more levered to the economy and are likely to grow at a faster pace.

Presenting ICICI Prudential Value Fund - Series 10 

The Scheme aims to:

• The fund may invest unto 70% in large cap and 30% in a mix of mid & small cap stocks.#
• The fund will invest in sectors that are likely to get benefited from India's economic recovery and expected to do well in the next 3 years. Sectors which can be benefited are
  • Interest Rate sensitive sector
  • Infrastructure Sector
• Declare commensurate dividends*.

*Dividends will be declared subject to availability of distributable surplus and approval from Trustees.
# The no. of stocks is to explain the investment philosophy and the actual no. may go up and down depending on than prevailing market conditions at the time of investment. The fund may invest in upto 25 stocks depending on the discretion of the Fund Manager. The stock selection and investment strategy will be as per the scheme information document.

 

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

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact SaveTaxGet Rich on 94 8300 8300

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LTCG Tax for those with Income below Threshold

 

LTCG tax for those with income below threshold

 

A resident individual can adjust the basic exemption limit against long term capital gains (LTCG)

 

A resident individual can adjust the basic exemption limit against long term capital gains (LTCG). A resident individual can adjust the LTCG but such adjustment is possible only after making adjustment of other income. In other words, first income other than LTCG is to be adjusted against the basic exemption limit and then the remaining limit (if any) can be adjusted against LTCG. Basic exemption limit means the level of income up to which a person is not required to pay any tax.

The basic exemption limit applicable in case of an individual for the financial year 2015-16 is as follows:

• For resident individual of the age of 80 years or above, the exemption limit is R 5 lakh.
• For resident individual of the age of 60 years or above but below 80 years, the exemption limit is R 3 lakh.
• For resident individual of the age of below 60 years, the exemption limit is R 2.5 lakh.

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

Top 4 Tax Saver Mutual Funds for 2017

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact Prajna Capital on 94 8300 8300

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GOI 8% Savings (Taxable) Bonds 2003

  

Interests on various Bank/Corporate Fixed deposits have fallen. In this scenario, GOI 8% Savings (Taxable) Bonds 2003 is gaining prominence again, as these Bonds are being issued by Reserve Bank of India (RBI) provide safety plus returns that are fixed and assured.

Who can invest	Individual (Sole/Joint basis/Guardian on behalf of minor) HUF University (80G certificate compulsory) Charitable Institution (80G certificate compulsory)
Limit of investment	Minimum Rs. 1000/- and in multiples of Rs.1000/-. No maximum limit
Date of Issue of bonds	Date of realization of cheque
Forms of Bonds	Bond Ledger Account
Interest Option	Non-cumulative / Cumulative. Change of option is not permitted once investment is done
Payment of Interest	In case of non -cumulative option, interest is payable on half yearly basis (1st Feb/1st Aug). In case of Cumulative option, interest is compounded with half yearly rest and is payable at the time of maturity
Tax benefits	Income from the bonds is taxable. Wealth tax is exempted. Tax will be deducted at source while interest is paid
Maturity period	After 6 years
Nomination	Nomination of one or more persons is allowed
KYC Documents Required	Individuals: Self attested copies of PAN, address proof and cancelled cheque leaf
	HUF: Self attested copies of PAN, address proof of HUF and Kartha and cancelled cheque leaf
	Charitable trust/Universities: Registered trust deed/registration certificate, board resolution, list of authorized signatories, PAN and address proof of institution and authorized signatories. Valid 80G Certificate

RBI has authorized few public and private sector banks to collect investments under this scheme. HDFC Bank Ltd & ICICI Bank Ltd are among the banks authorized for this purpose and we have tied-up with both these bankers for marketing this product.

The process and lodgement logistics are as given below:

1) For investment in GOI Bonds through HDFC Bank, the cheque should be drawn in favour of 'HDFC Bank - GOI 8% Savings (Taxable) Bonds 2003'.

2) For investment in GOI bonds through ICICI Bank, the cheque should be drawn in favour of 'ICICI Bank - GOI 8% Savings (Taxable) Bonds 2003'.

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

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact SaveTaxGet Rich on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

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Call us on 94 8300 8300

 

What you need to know WHILE BUYING HEALTH INSURANCE

 

BUYING Best HEALTH INSURANCE Online

10 QUESTIONS TO BE ASKED WHILE BUYING HEALTH INSURANCE

Q. What does it cover?

A. There are many types of health plans ranging from basic hospitalisation and critical illness to disease-based, top-up and daily cash. Buy a basic hospitalisation policy first. Others such as critical illness and disease-specific ones should be the next level of protection.

Q. Is it an indemnity or a benefit plan?

A. While indemnity plans cover hospitalisation expenses such as room rent, doctor's fee, etc, benefit plans pay a lump sum on diagnosis of the disease.

Q. What does it exclude?

A. You need to carefully read policy papers to know what is not covered by the plan.

Q. How long do you have to wait for the coverage to start?

A. It is important to understand what the policy will not cover, whether for a stipulated period or forever.

Q. What additional covers can you take with the policy?

A. If there is a need, additional covers such as international treatment, maternity and critical illness should be considered.

Q. Are there sub-limits?

A. You need to check expense limits for different heads such as room rent and consultant fee to avoid last-minute surprises.

Q. Are there any treatment-specific limits?

A. There can be treatment-specific caps which restrict the amount of money you can claim for a particular treatment even if the sum insured is big.

Q. Is the policy portable?

A. Ask your agent if the policy can be ported. This means you can transfer the policy to another insurer without losing continuity benefits such as coverage of pre-existing illnesses after completion of four years.

Q. How good is claim paying ability of the insurer?

A. Check the claim ratio of the insurer and compare it with that of its peers.

Q. Can you extend the coverage later?

A. As your responsibilities grow you may need to increase your sum insured. Ask your insurer as to what extent it can be done.

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

Top 4 Tax Saver Mutual Funds for 2017

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact Prajna Capital on 94 8300 8300

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Leave your comment with mail ID and we will answer them

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You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Call us on 94 8300 8300

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Investing in Life Insurance

Buy Best Life Insurance Online

Buying life insurance can be a crucial decision. Some people may choose to buy a cover early in life. Others may leave it until later. If you are thinking of investing in a life insurance policy, here are 10 points you may want to know.

1. Necessity: Investing in a life insurance policy can make complete sense if you are taking care of other people. Life insurance provides more than the death benefit. It may help you prepare for any uncertainties. But what if you plan to remain single? Or, you do not have any future liabilities? Then you may think again before buying a life insurance policy.

2. Purpose: You may feel investing in life insurance is a fundamental need. Then consider the purpose of buying your policy. For example, do you expect your policy to pay for your child's education in case of an uncertainty? Or, do you want it as a security for your high-risk job?

3. Coverage: Individuals need different insurance covers. What is the amount of cover you need? Your annual income may not be the ideal figure to calculate your desired cover. You may want to consider other important factors before deciding. What is your age, profession, and medical condition? How many people are dependent on you? What are your financial goals?

4. Category: If you are clear about the purpose of your life insurance and the amount of cover you need, it will help you choose the category of insurance you want to buy. You can opt for either a term insurance cover or a whole insurance cover. Do you want to pay a fixed premium rate for a specific period of cover? Then a term insurance is best for you.

5. Debt: When you decide to invest in a life insurance policy, you have to know how much you are able to pay. So you may want to consider any debts you already have. These existing debts could hamper your ability to pay the insurance premium on time. This delay could end your policy. Most insurance companies may also increase the premium when you renew your policy.

6. Investment: You may not want to ignore the investment element while purchasing a life insurance cover. A unit-linked insurance policy (ULIP) provides for death benefit and financial security. It may also provide an opportunity for your investment to grow by linking it to the stock market.

7. Protection: Your life insurance policy may pay for unexpected events such as death, disability, and sickness. It could provide protection to your loved ones by reducing the effects of loss of income due to death. You can even draw a loan against your life insurance policy. Many banks and financial institutions accept it as a guarantee.

8. Savings: Investing in a life insurance policy could lead to savings. A term life insurance could leave you with cash in hand. You could use this money for other investments. For example, you could pay a certain amount of premium for a specific time. You could then use the rest of the insurance amount to buy a child plan. You may accumulate cash value with permanent life insurance and get tax-deferred growth.

9. Tax benefits: Life insurance premiums are exempt from tax up to a certain amount. The claim amount received by the beneficiary is also tax-free. But each policy is different. So it is important for you to know how much you will be paying to keep your policy practical. Sometimes the cost may be more than the tax benefits.

10. Terms: Each life insurance policy has different terms and conditions. You need to understand and read the complete policy document before signing to buy. You may want to know the future impact on the premium. You may also want to know if there is any bonus or cash value that you could withdraw in the near future.

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

Top 4 Tax Saver Mutual Funds for 2017

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact Prajna Capital on 94 8300 8300

--------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Call us on 94 8300 8300

---------------------------------------------

 

Top Tax Saving Funds of 2017

In 2017, You can Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact SaveTaxGet Rich on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300

 

NRI & Merchant Navy Personnel Tax Implication

 

Tax implication on debt funds for merchant navy personnel

For merchant navy personnel the tax treatment will be similar to that of an NRI

For merchant navy personnel the tax treatment will be similar to that of an NRI which is as follows

Long term capital gains (holding period of more than 3 years) 

Listed debt funds are taxed at 10% without indexation or 20% with indexation whichever is lower but the fund house will deduct TDS at flat rate of 20%. 

Unlisted debt funds are taxed at 10% without indexation.

Short term capital gains (holding period of less than 3 years)

Debt funds are taxed as per your income tax slab, but the TDS is deducted at the highest applicable rate of 30%, irrespective of what tax slab you belong to.

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

Top 4 Tax Saver Mutual Funds for 2017

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact Prajna Capital on 94 8300 8300

--------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Call us on 94 8300 8300

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