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Jul92014 by wealth18.comNo Comments

Franklin India Income Opportunities Fund – Details & Review

Mutual Funds

Franklin India Income Opportunities Fund / Templeton India Income Opportunities Fund Category - Debt Income AUM - Rs 3992 crores (30-6-2014) Minimum Investment - Rs 5000 Expense Ratio - 1.65% ( 31-3-2014) Exit Load - 3% for redemption within 180 days 2% for redemption between 181 - 365 days 1% for redemption between 366 - 540 days Fund's Performance AUM 1 year 2 year 3 Year 5 Year Rs crore Franklin Templeton India Income Oppor. (G) 3846 9.1 9.8 9.7 Fund's Portfolio Company Instrument Credit Rating % Assets Indian Bank 2014 Certificate of Deposit P1+ 4.95 10.55% JSW Steel 2017 Debenture AA 4.9 10.85% Incline Realty Pvt Ltd. 2016 Debenture AA+ 4.62 4% HPCL Mittal Pipelies 2021 Debenture AA- 3.66 Tata Sky 2017 Debenture A 3.54 11.35% Dew...

Jul92014 by wealth18.comNo Comments

Franklin India Corporate Bond Opportunities Fund – Details & Review

Mutual Funds

Franklin India Corporate Bond Opportunities Fund / Templeton India Corporate Bond Opportunities Fund Category - Debt (Income) AUM - Rs 6224 crores (30-6-2014) Minimum Investment - Rs 5000 Exit Load - 3% for redemption within 365 days , 2% for redemption between 366 - 720 days , 1% for redemption between 721 - 900 days Fund's Performance AUM 1 year 2 year 3 Year 5 Year Templeton Corporate Bond Opp. (G) 6224 9.5 10 Fund's Portfolio - Top Holdings Company Instrument Credit Rating % Assets 10.55% JSW Steel 2017 Debenture AA 4.76 Vijaya Bank 2014 Certificate of Deposit P1+ 3.91 JSW Techno Projects Management 2016 Debenture A 3.61 Tata Sky 2018 Debenture A 3.4 4% HPCL Mittal Energy 2022 Debenture AA- 2.57...

Jul92014 by wealth18.comNo Comments

Franklin Templeton India Short Term Income Plan – Retail Plan – Details & Review

Mutual Funds

Franklin India Short Term Income Plan is a Debt Plan ( Short Term) Launch date Jan 31 2002 Minimum Investment - Rs 5000 Exit Load - 0.5% for redemption within 1 year Expense ration - 1.52% (31-3-2014) AUM - Rs 9080 crore 9 as on 30-6-2014) Performance of Franklin Templeton India Short Term Income Plan - Retail Plan over last 5 years ( as on 9/7/2014) AUM 1 year 2 year 3 Year 5 Year Rs in crores Templeton (I) ST Income -Retail (G) 9080 9.1 9.8 9.7 8.7 Portfolio of Franklin Templeton India Short Term Income Plan - Retail Plan Instrument Credit Rating 1Y Range % Assets 10.55% JSW Steel 2017 Debenture AA 4.5 Andhra Bank 2014 Certificate of Deposit P1+ 3.83 Dewan Housing Fin. Corpn. 2019 Debenture AA+ 3.64 International Maritime & A...

Jul92014 by wealth18.comNo Comments

Birla Sun Life Medium Term Plan Fund – MF Review

Mutual Funds

Birla SL Medium Term Fund is Debt fund Launch date - 25 Mar 2009 Minimum Investment Rs 5000 Exit Load - 2% for redemption within 365 days & 1% for redemption between 366 - 730 days Expense ratio - 1.46% ( 31-3-2014) Funds Performance over past 5 years (updated on 9/7/2014) AUM 1 year 2 year 3 Year 5 Year Birla SL Medium Term - RP (G) 2223 9.9 10.9 10.7 9.1 Portfolio of this Fund Company Instrument Credit Rating % Assets DLF Debenture A 10.76 RKN Retail Pvt. Structured Obligation A 9.29 IOT Utkal Energy Services Structured Obligation AAA 5.67 Tata Motor Finance Debenture AA 5.45 Sterlite Technologies Debenture A+ 4.76 TRIL Infopark Structured Obligation A 4.55 Rural Electrification Debenture AAA 4.48 Power...

Jul92014 by wealth18.comNo Comments

Birla Sun Life Short Term Opportunities Fund – MF Review

Mutual Funds

Birla Sun Life Short Term Opportunities Fund is Ultra Short term Debt Fund / Credit Opportunities Fund Launch Date - 27 June 2008 Minimum Investment - Rs 5000 Exit Load - 1% for redemption within 1 year Expenses - 1.14 % ( 31-3-2014) Returns AUM 1 year 2 year 3 Year 5 Year (Rs in Crore) Birla SL Short Term Opp-RP (G) 2520 9.5 10.8 10.5 9.1 Portfolio of this Fund ( as on 09/07/2014) Company Instrument Credit Rating % Assets Rural Electrification Debenture AAA 14.49 TRIL Infopark Structured Obligation A 7.58 LIC Housing Fin. Debenture AAA 6.6 Power Finance Corp. Debenture AAA 6.13 Power Finance Corp. Floating Rate Notes AAA 5.84 Tata Motor Finance Debenture AA 3.08 Sterlite Technologies Debenture A+ 2.83 GSPC Distribution Networks St...

Jul82014 by wealth18.comNo Comments

Rakesh Jhunjhunwala buys 2% stake in MCX for Rs 66 crores

Stocks

Rakesh Jhunjhunwala today purchased nearly 2% stake in commodity exchange MCX for over Rs 66 crore ( @ Rs 664 / share) According to information available with the stock exchanges, Financial Technologies (India) Ltd (FTIL) has sold a total of 10.19 lakh shares, amounting to 2% stake in MCX. FTIL diluted its holding in MCX from 26 % to 24% . Jhunjhunwala picked up 10 lakh shares of Multi Commodity Exchange (MCX) on an average price of Rs 664 per share. This values the transaction at Rs 66.4 crore.+ Also Read - Rakesh Jhunjhunwala Latest Portfolio Holdings - July 2014 These transactions took place at a time when parleys are being held on for sale of 24 per cent stake by Jignesh Shah-promoted FTIL in MCX and the interested bidders include Kotak Group and Reliance Capital. However, the st...

Jul82014 by wealth18.comNo Comments

13 things to know before filing Income Tax returns

Taxation

Last date for filing returns in 31-July. Here are some tips & important points you should take care while filing your income tax returns. (Link to all articles below open in New Window, so you can click directly without leaving this post) 1) E filing of income tax return is mandatory – if your total Income is Rs 5 lakhs or more, you need to file Income Tax return online / electronically. Digital signature is not required to file e-returns. Read this post to see when efiling is mandatory 2) Enter Email Id and Mobile number - Now, you need to mention your email id and mobile number compulsory while filing IT return. Read more details on this 3) Any Refund mandatory via ECS – So if you are claiming any refund, you need to provide bank Account number for direct credi...

Jul82014 by wealth18.comNo Comments

Mobile Number & EMAIL ID must for filing online tax returns : CBDT

Taxation

The Central Board of Direct Taxes (CBDT) has made mobile number and email address mandatory for filing income-tax returns. This additonal contact details is expected to improve efficiency and add an extra layer of security. "A valid email ID and mobile number has to be registered/updated on the e-filing website of the Income Tax Department so that drect communication with taxpayer can be possible," the CBDT said in a release issued. A one-time password will be sent to the email address and mobile phone to be entered by the taxpayer after logging into his account for authentication. The password will be valid for 24 hours. One mobile number or email id can be used for 10 accounts as primary contact. This will help file returns of family members who may/may not have a personal e-mail id Ho...

Jul82014 by wealth18.comNo Comments

eFiling of Income Tax returns ITR is must – For Whom ?

Taxation

e-Filing of Income Tax Returns/Forms is mandatory for : If Total income is Rs 5 Lakhs and above (from AY 2013-14 and subsequent Assessment Years.) A resident who has signing authority in any account located outside India. A person who claims relief under sections 90 or 90A or deduction under section 91. Individual/ HUF, being resident, having assets located outside India from AY 2012-13 and subsequent Assessment Years. READ - 13 things to know before filing Income Tax Returns this July ----------- All companies. Firm (to whom provisions of section 44AB is not applicable), AOP, BOI, Artificial Juridical Person , Co-operative Society and Local Authority required to file ITR 5 from AY 2014-15 and subsequent Assessment Years. An assessee required to funish...

Jul72014 by wealth18.comNo Comments

Important Changes in ITR for AY 2014-2015

Taxation

In this post, we are listing some important changes made in Income Tax Return ITR Forms for AY 2014-2015. last date for filing returns is 31-Jul. Direct Credit of Tax Refund via ECS - All refunds to be now received via ECS – no refunds via cheques 87A rebate - Space added to claim relief under section 87A – Read this to check - if you are eligible to claim Rs 2000 80EE deduction - Space added to claim deduction under section 80EE – Read this to check - if you are eligible Income from Salary - Allowances - Details of Allowances or Exempt Income under section 10 under the head Short Term and Long Term Capital Gains details to be now bifurcated between Immovable Property – Equity Shares or Mutual Funds – Bonds Debentures. Detailed information about capital gains ...