Best ELSS

Investing in ELSS Funds to Save Tax is the Best Tax Saving Options in India for 2017.

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

Reliance Arbitrage Advantage Fund

Reliance Arbitrage Advantage Fund Strategy:

· A Conservative Arbitrage Fund.

· The fund aims to generate income through arbitrage opportunities arising out of pricing mismatch in a security between cash and derivative segment and with derivatives segment along with investments in debt securities and money market instruments.

· Completely hedged portfolio, takes offsetting positions on various markets simultaneously.

· Market neutral; No specific Equity risk.

· In the absence of adequate arbitrage opportunities, the scheme may invest in short term debt or money market securities.

· Completely hedged positions, neutralizes market risk (volatility) and targets absolute returns irrespective of market conditions.

Options Available:

· Growth

· Monthly Dividend – Payout Option and Reinvestment Option

· Dividend: Payout Option and Reinvestment Option

Scheme Information:

· AUM: 3816.188 Crs as on 31st Nov 2016

· Exit Load: 0.25% for 1 Month, Nil thereafter.

Fund Performance:

Report as on: 02-Jan-2017
Compounded Annualised (Return in %) Absolute (Return in %)
Schemes NAV Launch Date Since Inception 5 Years 3 Years 2 Years 1 Year 6 Months 3 Months 2 Months 1 Month 2 Weeks 1 Week
Reliance Arbitrage Advantage Fund – Growth 16.553 14-Oct-10 8.433 8.406 7.416 7.265 6.522 3.332 1.578 0.977 0.473 0.35 0.2

Dividend Track Record (Monthly Dividend Option)

Fund has given consistent dividend. Monthly Dividend History of the Fund. elow Dividend declared under Monthly Dividend Option.

Reliance Arbitrage Advantage Fund
Monthly Dividend option
Record Date Rate (Re/ Unit) Cum Dividend NAV *EX Dividend NAV Dividend Yield on Cum Dividend
26-Dec-16 0.05 10.5785 10.5298 0.47%
21-Nov-16 0.05 10.5829 10.5324 0.47%
24-Oct-16 0.05 10.5719 10.5219 0.47%
26-Sep-16 0.05 10.5681 10.5181 0.47%
30-Aug-16 0.05 10.5686 10.5186 0.47%
25-Jul-16 0.05 10.5539 10.5039 0.47%
27-Jun-16 0.05 10.5376 10.4876 0.47%
23-May-16 0.05 10.5283 10.4783 0.47%
25-Apr-16 0.05 10.5289 10.4789 0.47%
28-Mar-16 0.05 10.5210 10.4710 0.48%
22-Feb-16 0.05 10.5167 10.4667 0.48%
25-Jan-16 0.05 10.5267 10.4767 0.47%
28-Dec-15 0.05 10.5284 10.4784 0.47%
23-Nov-15 0.05 10.5245 10.4745 0.48%
26-Oct-15 0.05 10.5267 10.4767 0.47%
21-Sep-15 0.05 10.5292 10.4792 0.47%
24-Aug-15 0.05 10.5123 10.4623 0.48%
27-Jul-15 0.05 10.5084 10.4584 0.48%
22-Jun-15 0.10 10.5552 10.4552 0.95%
25-May-15 0.05 10.5397 10.4897 0.47%
27-Apr-15 0.05 10.5102 10.4602 0.48%
23-Mar-15 0.10 10.4856 10.3856 0.95%
27-Jan-15 0.10 10.4560 10.3560 0.96%
25-Nov-14 0.02 10.3107 10.2890 0.21%
27-Oct-14 0.05 10.2904 10.2404 0.49%
22-Sep-14 0.06 10.2963 10.2363 0.58%
25-Aug-14 0.06 10.3130 10.2530 0.58%

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

eKYC Guide

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Contact Save Tax Get Rich for eKYC

Now that SEBI has allowed Aadhaar based e-KYC service for MF investors, CAMS is facilitating it on its website and on AMC websites serviced by it. Investors with Aadhaar number and PAN can complete KYC process using Aadhaar based eKYC and open a folio without having to submit forms and doing in-person verification (IPV), claims CAMS.

After the KYC process is completed, investors can open a folio and start transacting in direct and regular plans. CAMS also allows investors to do transactions by keying in distributors ARN code, sub broker code and EUIN.

According to SEBI rules, investors can invest up to Rs 50,000 per financial year per mutual fund using one time password (OTP) based eKYC. However, investors who wish to invest more than this limit need to undergo IPV or biometric based authentication at CAMS point of service.

A number of fund houses have also launched eKYC service for investors. Reliance, Quantum, Birla Sun Life have introduced eKYC service which aims to expedite the process of client verification and reduce paperwork for distributors.

All investors need to do is fill up the online KYC form by keying in details like name, mobile number, email id, address, PAN details etc. and upload the supporting documents like PAN, bank details and address proof. The fund house will verify the information and schedule an online meeting with a client based on his/her convenience to carry out electronic In-Person Verification (e-IPV). Once the e-IPV is done, the fund house will send the application to KYC Registration Agency (KRA) to process the documents.

Typically, KYC Registration Agencies (KRAs) take 8 to 10 days to verify a KYC application. By going electronic, fund officials say that KYC can now be done on a real time basis. Banks and insurance companies are already using Aadhaar linked e-KYC service to carry out their KYC verification procedure. However, many banks and insurance companies insist on submitting physical documents even after carrying out e-KYC.

ICICI Prudential Long Term Equity Fund – Tax Saving Fund

The ICICI Prudential Long Term Equity Scheme seeks long-term capital appreciation by investing approximately 90 per cent of the investments in equity instruments, while the balance 10 per cent would be a parked in debt and money market instrument and cash ( Including-money at call).

This fund has outpaced its benchmark over not one but three different market cycles; it has beaten its benchmark in 13 of the last 15 years. A rare ELSS fund that focuses on the value style of investing, it has managed a four- or five-star rating pretty consistently since 2011.

The fund’s valuation-focused style has helped it regain its four-star rating recently after a blip to three stars for a brief period. The portfolio is constructed around stocks and sectors with cheaper valuation that nevertheless goes with reasonable growth expectations.

Typically 55-65 per cent of its portfolio is allocated to large caps, 20-30 per cent to mid caps and 10-15 per cent to small caps. In the last one year, mid-cap allocations have been raised from 25 to 40 per cent, with small-cap weights trimmed.

ICICI Prudential Long Term Equity Fund is a rare ELSS fund that has managed to stay one step ahead of the benchmark on a trailing one-, three-, five- and ten-year basis, while also beating the category over these periods. The fund’s investment strategy typically delivers outsized returns in the beginning stages of a bull market when sector rotation is in vogue. It trails when markets are overheated. It also works well in containing losses when bears are in control. The value style of stock-picking has suffered setbacks in the last five years but seems to be back on the saddle in the last one year or so.

Overall, with the market tide turning currently, this fund is a good option to get in on trends ahead of the stampeding herd.

eKYC

How to get eKYC Done

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eKYC for Mutual Funds





The Securities and Exchange Board of India (Sebi) has issued guidelines under The Prevention of Money Laundering Act, 2002 (PMLA) which requires investors to be KYC (Know Your Customer) compliant before investing in mutual funds. Completing KYC for investors was a major hurdle for distributors to get investors on board. To solve this problem, Sebi has launched eKYC in mutual funds.

What is eKYC in MFs?

eKYC is a paper less Aadhaarbased process for fulfilling KYC requirement to start investing in mutual funds (MFs).

This has been imple mented after Sebi recently allowed Aadhaar based KYC to be used for MF investments, for the convenience of inves tors. Karvy and CAMS on have facilitated eKYC for investors in MFs.

How does eKYC work and what are the benefits?

The regular KYC process re quires submission of KYC form with investor signature and additional documents for ID and address proof. IPV and sighting the original documents needs to be completed by a competent person. eKYC completely eliminates paper work and IPV to complete the KYC process. CAMSKarvy as a KYC User Agency (KUA) is approved by UIDAI to accept investor’s Aadhaar number and complete KYC verification with one time password (OTP).

What does an investor need to get this process initiated?

Investor can visit the website of CAMS or Karvy . He needs Aadhaar number, PAN number and personal details such as mobile number and email-id. Mobile number is mandatory . He can authenticate himself by receiving OTP on mobile number.

What is the maximum amount of transaction one can make through OTP-based eKYC?

Sebi, the regulatory body, has provided guidance to restrict investments to `50,000 per annum per MF for OTP-based eKYC.However, in case of more investment, the investor needs to do IPV or biometric-based authentication. That can be done through a distributor, or at any office of CAMS / Karvy

How to Save Tax Get Rich

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

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

Best Tax Saving Investment Contact Save Tax Get Rich

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

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

Your Interest Coverage Ratio

Interest rates keep changing and in a rising interest rate environment, your EMIs can well increase beyond comfort. In the period immediately before the global financial crisis in 2008, domestic interest rates were on an upward trajectory.

You might have more than one loan running-two car loans, a housing loan, a second housing loan for that flat you invested in, and also perhaps an EMI for the latest smart phone. Ideally, you should have the liquidity to cover these monthly payments for at least the next few months. Even though you may be getting a monthly salary, unforeseen eventualities could impact regular income.

This is where evaluating your interest coverage ratio – which defines how much cash you have versus your total interest payment-can help.

For companies this ratio is calculated by dividing the annual earnings before interest and taxes by the annual interest expense. You could evaluate your personal interest coverage by deciding how much liquidity you want to create.

We ask clients to add up expenses and monthly interest payouts. The amount of liquidity to be kept aside depends on the certainty of income. If someone has stable income, then two to three times of expenses can be kept in some liquid form. But where entrepreneurs who face seasonality of income, six months to a year of expenses might have to be kept aside.

Add your cash in the bank plus any liquid investments like short-term fixed deposits or liquid fund investments and divide this by your pre-defined monthly interest payouts . An appropriate ratio can’t be predetermined; it will depend on your individual situation.