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Old 27th August 2012, 15:43   #256
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Default re: Income Tax savings, Investments and Insurance

In any MF, dividends are already pre-taxed. i.e. anything which comes to you is tax-free.
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Old 27th August 2012, 17:45   #257
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Default Re: The Mutual Funds Thread

There is a good article on the benefits of debt funds on ET wealth today.
Your guide to debt funds: How you can gain from less-known fund category - The Economic Times

However, I don't see any disadvantages of investing in debt funds.
I have 2 lac or rupees in savings account which I keep for emergency.
Should I put say 50% of that in debt funds or liquid funds?
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Old 27th August 2012, 23:57   #258
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Default re: Income Tax savings, Investments and Insurance

Aditya 101
Hi
As carboy has posted all dividends recd from companies and mutual funds are tax free.
When the distribute dividend they pay the so called dividend tax.
There is some more information on debt funds in economic times wealth section.
e-paper Sign-in
If you have the time and inclination go through it.
Over and above SBI dynamic fund there is Birla Sun Life dynamic bond which has assets under management some 8600 crores.Obviously it is quite popular.
Maybe next time i will look at it.
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Old 28th August 2012, 00:54   #259
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Default Re: The Mutual Funds Thread

S U N
Hi
I have posted the same link in Income tax savings,investments and mutual fund thread.
As I have mentioned in my earlier post I invested for my daughter in SBI Dynamic Bond fund.
This link also gave another option viz Birla Sun Life Dynamic fund.That has assets under management of rs 8600+ crores.That seems to be much more popular than SBI(AUM 1200+crores).SBI returns have been better than Birla.
Debt funds are more tax efficient than bank fixed deposits due indexation. So as to diversify I opted for SBI debt fund.Maybe for the next time I will look at Birla.
Regrads
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Old 29th August 2012, 12:27   #260
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Default Re: Income Tax savings, Investments and Insurance

Thanks for the advice - I also went for SBI Fund :-)

Quote:
Originally Posted by faustus77 View Post
Over and above SBI dynamic fund there is Birla Sun Life dynamic bond which has assets under management some 8600 crores.Obviously it is quite popular.
Maybe next time i will look at it.
Regards
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Old 15th September 2012, 13:10   #261
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Default 14,000% Return on a Mutual Fund? Real or not Real?

So I was browsing through moneycontrol.com and came across this fund:

Reliance Liquidity Fund (G)
http://www.moneycontrol.com/mutual-f...or-MRC094.html

It says it gave 10,000% return in 3 months

I know its a super-institutional fund not open to us retail investors but it still seems a bit unreal. Maybe someone can shed some light on it?

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Old 15th September 2012, 15:05   #262
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Default Re: The Mutual Funds Thread

I do not believe it. Now with Interest rates starting to go down, this may be the time when money market funds will deliver. Expect more action in Equities on Monday unless UPA-II develops cold feet.
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Old 20th September 2012, 10:57   #263
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Default Re: The Mutual Funds Thread

I was reading about the new SEBI directive/ recommendation:
-----------------------------------
Sebi also asked MFs to provide a separate plan for direct investments (investments not routed through distributor) in existing as well as new schemes. Such separate plans shall have a lower expense ratio excluding distribution expenses and commission, and no commission shall be paid from such plans.
-----------------------------------
Source:
http://articles.economictimes.indiat...fi-new-schemes

What does this mean? Should I stop investing from FundsIndia.com and go directly with fund houses? Or something else?
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Old 20th September 2012, 11:14   #264
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Default Re: The Mutual Funds Thread

Quote:
Originally Posted by S_U_N View Post
What does this mean? Should I stop investing from FundsIndia.com and go directly with fund houses? Or something else?
Depends on your priorities. I am sticking with StanC for the service.
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Old 20th September 2012, 23:07   #265
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Default Re: The Mutual Funds Thread

SUN
Hi
I too would prefer to stick to my regular agent.
I have been with him for years so wouldnt like to change.Incidentally any idea what are the commission charges?Cant be more than 1 or 2 %
There was an article in economic times(18/9) which paints a bullish picture of the Indian equity market(as per the foreign banks )

http://epaper.timesofindia.com/Defau...&ViewMode=HTML

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Old 21st September 2012, 10:24   #266
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Default Re: The Mutual Funds Thread

@faustus77: Well, in these times, when the returns across three years from MF's are around 8%, after subtracting the expense ratio (typically 1.5-2%), you are left with 6% or so. So, that certainly does not look good when compared to 9.5-10% taxable interest via FD's or somewhere else.
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Old 21st September 2012, 11:02   #267
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Default Re: The Mutual Funds Thread

Most of my Equity funds are showing 7.5% or higher. This return is after expenses, and is not taxable after a holding period of one year. So esp. for those in the 30.9% bracket still looks better than FD. There are two flies in the ointment - you must take into account the higher risk factor in equities, and the returns are not guaranteed. So for those with a less than five year horizon there are issues to consider. You can try an Equity based balanced fund (60/65% + in Equities) for a reduced risk (and gain). Right now with interest rates headed south money market funds should also pay well.
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Old 23rd September 2012, 21:37   #268
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Default Re: The Mutual Funds Thread

SUN
Hi
The returns are after the expenses and as sgiitk has posted are taxfree if held for more than a year.
My agent has suggested that I should always opt for the growth option(we were discussing debt funds).When the profits are distributed as dividend the mutual pays tax on it though it is free in recepient's account.In case you do need the dividend then part redeem to the extent of the fund's profit for the trailing 1 year and take that as the dividend.Keep your capital intact.

Sgiitk
Hi
You posted about money market funds.How would that compare to SBI dynamic bond fund?Time frame of more than a year and until my daughter needs money.
Regards
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Old 24th September 2012, 09:34   #269
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Default Re: The Mutual Funds Thread

@faustus77; No idea about the SBI fund, so am not qualified to comment.

Now with the DTC going for another major revamp and delayed (though PC hope it is not) all bets based on that are off.
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Old 24th September 2012, 10:02   #270
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Default Re: The Mutual Funds Thread

Hi Guys,
Need some suggestions! I have a few funds(SIPs) invested thru Sharekhan. I initially opened an account with Sharekhan for Trading purpose, but now i do not do much of it! I am thinking of closing the account now. I am planning to open an account with fundsindia since i invest now in Funds rather than on Equities.

My questions/concerns -
1. How do i track/redeem the funds i invested thru Sharekhan?
2. Can i add them to FundsIndia, for Tracking and redeem it?
3. How good or Bad is Fundsindia? Any personal experience here? I heard a few good words about them, but not sure how good they are.

Last edited by bond_bhai : 24th September 2012 at 10:03. Reason: ...
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