India Dynamic Equity Fund Dividend

The declaration of dividend under Dividend options of Invesco India Dynamic Equity Fund, an open ended equity scheme fixing February 27, 2017 as record date for the same.

 

The details are as mentioned below:

 

Name of the Schemes	Plan/Option	Amount of Dividend (per unit)*	NAV as on February 20, 2017 (per unit)	Record Date#
Invesco India Dynamic Equity Fund, an open ended equity fund	Dividend Option	Rs.0.11	Rs.19.11	February 27, 2017
	Direct Plan - Dividend Option		Rs.19.54

 

*The above dividend is subject to the availability of distributable surplus and may be lower to the extent of distributable surplus available on the Record Date. #or immediately following Business Day if that day is not a Business Day. Face value per unit is Rs.10/-.

 

Pursuant to payment of dividend, the NAV of the dividend options of the schemes would fall to the extent of payout and statutory levy, if any.

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

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 SaveTaxGetRich 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

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

 

IDBI Corporate Debt Opportunities Fund

IDFC Tax Advantage Fund - ELSS Fund

IDFC Tax Advantage scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.

The IDFC Tax Advantage Fund which has earned its stripes by beating its benchmark every year except the first one (2009). This performance has earned it a four-star rating for much of the last three years.

The IDFC Tax Advantage Fund has a higher-than-category allocation to both mid-cap and small-cap stocks. Mid caps have made up anywhere between 30 and 45 per cent of the portfolio. Large caps have accounted for 40-50 per cent. Small caps have made up 20 odd per cent. The fund is managed on the basis of a growth-at-a-reasonable-price philosophy. It does take both cash and debt calls on occasion. The fund believes in identifying companies based on a deep understanding of the industry-growth potential and interaction with managements.

The IDFC Tax Advantage Fund is yet to be tested in a severe bear market, as it was launched after 2008. Its record in 2011 showed ability to contain downside. The fund has beaten its benchmark by sizeable margins of 5-6 percentage points over three and five years, though one-year returns show it lagging behind the category. The fund hasn't been a huge category outperformer but a return of 20 per cent (since launch) is not to be scoffed at. The higher mid- and small-cap tilt, however, may peg up volatility if the latter's high valuations prompt a correction.

Investors can take smaller exposures to this fund until a longer track record is at hand.

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

 

Tax Relief under Section 89 for Salary Arrears

You will be eligible for relief under section 89. You will have to fill up Form 10E with these details and then submit it to your employer to claim the relief. Keep your salary slips handy to provide as proof of receipt of the arrears. Please note that if you do not have to pay excess tax due to the arrears, then you do not get the relief.

Section 89 comes in picture when salary/pension or other components are paid in arrears or advance. According to Section 89, if you get salary in arrears or advance in a financial year due to which your total income for the year increases, which in turn increases your taxable income, you can claim for relief under Section 89. You will have to fill up Form 10E with these details and then submit it to your current employer to claim the relief. Form 10E has to be submitted online and no copy is required to be attached with your tax return.

Here's how relief u/s 89 is calculated

Step 1: Calculate tax for the current year (including cess and education cess) on income including salary in arrears/advance/compensations.

Step 2: Calculate tax for the current year (including cess and education cess) on income excluding salary in arrears compensations.

Step 3: Step 1 minus Step 2

Step 4: Calculate tax for the year in which salary ought have been received (including cees and education cess) on income including salary in arrears compensations.

Step 5 : Calculate tax for the year in which salary/compensation ought have been received (including cess and education cess) on income excluding salary in arrears

Step 6 : Step 4 minus Step 5

Step 7 : Relief u/s 89 = Step 3 minus Step 6 (if positive, otherwise nil)

Step 8 : Tax paid for Current Assessment year = Step1 minus step7

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

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 SaveTaxGetRich 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

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

 

International Funds

What are International Funds

Investors looking for geographical diversification in their portfolio can consider investing in international markets using mutual funds. Termed as international funds, they invest in equities of a region or country, or fixed income securities.

1. What are the various types of international funds?

Of the international funds available to investors in India, there are country-specific, re are country-specific, region-specific and thematic funds. For example, there funds that invest in the US, Brazil or regions like Europe.

Apart from this, there are theme-based funds investing in consumption, energy, real estate and so on. As a resident Indian investor, you have to invest only in Indian rupees. Like any other mutual fund, you can select the fund, write a cheque in rupees and submit the applica tion form to the respec tive fund house.

2. How do global funds invest?

Funds on offer to Indian investors invest in inter national markets either directly or have the op tion to invest in other funds in those markets. The latter way is called a feeder route and is typi cally in the form of a fund of fund.

3. What is the advantage of international funds?

There are many stocks or busi nesses which are not available in the listed space in India. For example, cola companies. You can buy these through international funds.International funds help you diversify across geographies. For example, there could be phases when the Indian economy goes through a rough patch, at such a time some international markets may do well and give higher return.

4. Are there any risks of investing in these funds?

In addition to the normal risks of investing in stocks, interna tional funds also carry currency risks. This could arise due to fluctuations in in the value of other markets' currency against the Indian rupee.While investors will invest with rupee, the fund house will have to take exposure to international stocks in different currencies. Due to this, investors have to be prepared for currency risk, due to fluctuations This could impact the net asset value (NAV) of the fund. For example, if the rupee depreciates against the dollar, you will get more rupees for every dollar invested in that region and your NAV could be higher. On the contrary , if the rupee appreciates against the dollar then you get fewer rupees for every dollar invested.

5. What's the tax treatment of international funds?

From taxation perspective, in ternational funds are treated on a par with debt mutual funds.

For a holding period of less than three years, the investor is required to pay short-term capital gains tax on the profits at hisher tax slab. When it is held for more than three years, the investor will get indexation benefit as the profit is treated as long-term capital gains. Post indexation, the gain is taxed at 20%.

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

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 SaveTaxGetRich 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

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