Posts Tagged ‘Fund’
cantostv: Hedge fund launches to blossom in 2009
Patric de Gentile-Williams at FRM Capital Advisors takes a look at the much maligned hedge fund industry and the opportunities that await the bold investor.
Elss – Secret of Tax Saving With Mutual Fund Investments
As the name suggests ELSS (equity linked savings scheme), invests primarily in equity shares of companies. As per financial regulations, the scheme Fund manager has to invest 80% of the total amount in the equity shares and the remaining 20% per cent can be invested in other instruments like bonds, debentures, government securities and others. When you invest in ELSS your money is locked for a period of three years (minimum). Once you invest in tax saver funds you cannot withdraw the amount for three years, this acts as a blessing in disguise as tax saving funds generally yield high returns during a 3year period. The common man is basically afraid of investing his money in equity shares as he is afraid of loosing money. But a look at the recent past shows that investors who have invested in tax saver funds have never lost out on their money, rather tax saver funds have been the front runners in terms of returns to investors. A small illustration will clarify comprehensions.
If you make an investment of Rs 1,00,000/ ( 1 lac), then under section 80c this complete amount is deducted from your gross income for that particular year. If your annual income puts you in the highest tax paying zone, i.e -34%, then the investment of Rs 1,00,000/ will ensure that you get an annual tax deduction of Rs, 34,000/. So logically speaking you invest Rs 66,000/ considering the deduction. Assuming that the Mutual Fund declares an annual dividend of 10% then your total return on Rs 66,000 is [(10,000/66000)* 100] = 15.15%. This particular dividend earned is also tax-free, hence more profit. Another profitable venture out of this investment is that after a period of 3 years the capital gain that you obtain out of the investment is also tax-free. This is what makes ELSS the most attractive investment for those who have the appetite for moderate risk. However, prior to making an investment selecting a good fund house based on its reputation and track record is important. Elss are considered to be the best tax saving mutual funds in India.
ELSS is a good option to save tax and generate long term capital gains. These gains are obtained from the equity market only if you are investing in a long time horizon. Adding money in a disciplined manner creates a good corpus. The basic confusion that the average investor could have is that they consider Equity Mutual Funds and ELSS to be the same, which in true sense isnât correct. Normal equity funds could be purchased today and disposed off tomorrow. Incase of ELSS there is a compulsory 3 year lock in period. As per the rules related to long-term capital gains, profit from equity MFs after one year becomes tax-free. As per latest sources the top 5 ELSS schemes are 1) Principal Personal Tax-saver, 2) DSP ML Tax Saver Fund, 3) Taurus Libra Taxshield, 4) Lotus India Tax Plan, 5) Franklin India Tax Shield ( FIT). Going by the current volatile market trends and with the current fiscal year approaching an end, investing in a good ELSS fund is a clever option to save taxes.
Secured Personal Loan Finance: Makes Arranging Fund Easy
People finance for their personal usages. Personal finance is availed by a wide variety of commercial institutions including banks, building societies and of course, high street lenders. Of that Secured Personal Loan Finance is considered as the standard form of borrowing. With this, a borrower has to offer a worth asset for the security of the loan. Offering of security gives a sense of repayment hope to lenders. Moreover, you are able to secure a good amount of money.
Generally, amount offered to you varies from you to your colleague borrowers. In addition, it can vary from lender to lender. Lenders assess your offered collateral and then make decision on the value of the loan amount. Wholly, the loan amount evaluates on the current market rates. However, borrowers of any financial class can borrow a sum anywhere from £3,000 to £75,000. You can invest the raised amount as per your requirements.
People invest the financing amount on their business establishment, home improvement, children’s education, for car buying etc. Apart from, you can invest the amount to consolidate your debt too. With the financial process, you can pay off your pending liabilities easily and elegantly.
As for the repayment and fee charges for secured personal financing is concerned, it remains cheaper. For the reason that you provide security to the loan, lenders do not incur upon any unnecessary charge on you. The money you borrowed, you will have to pay in some ten years. If you are not able to do so, even then you need not worry about this. You can extend the repayment tenure of the provision. With this, your repayment term can go up to 25 years. However, it is good if you make your repayment tenure shorter. By doing this, you can save a great amount of your money.
For all of this, you can apply for this money provision online and offline. To make your loan processing fast is easy. You can apply for this money provision online too. Online processing is simple and fast.
