IntenseDebate - shwetamisra

13 years ago @ PersonalMoney.in - Top 10 Mutual Fund (EL... · 0 replies · +1 points

Thanks for your comment Shantanu, you can look at Canara Robeco Equity Tax Saver and Fidelity Tax Advantage.

Meanwhile, I will compile a list of Top MFs (diversified, ELSS, etc) for 2011 too. So, stay connected or subscribe to our email updates/RSS feeds. Thanks!.

13 years ago @ PersonalMoney.in - Top 10 Mutual Fund (EL... · 0 replies · +1 points

Yes. Thanks Deepika for answering the question.

13 years ago @ PersonalMoney.in - Top 10 Mutual Fund (EL... · 0 replies · +1 points

Hi Kushal,

Very interesting comment. You have brought up a topic that many Mutual Fund investors are confused about. But first, let me tell you that investing in Mutual Fund Schemes solely for dividends is not advisable! Read on to know why...

Suppose, the Mutual Fund scheme has NAV of Rs. 12.25 and it pays out a dividend of Rs.1.25 per unit to investors. The new NAV for the scheme on the dividend payout date will be Rs.11 (12.25 - 1.25).

So, you got the Rs.1.25 dividend per unit from your holdings only. Unlike stocks, where you get Dividend from the income earned by the company, Mutual Funds take the money out from the scheme's kitty and distribute to investors. Its not dividend, its a kind of withdrawal.

I prefer Growth option while investing myself in Mutual Fund schemes. The only benefit of choosing dividend payout option in ELSS scheme is that you can get the tax free amount back from the ELSS investments even during lock-in period while enjoying the tax benefit on the full amount invested initially.

Regards,
Shweta

13 years ago @ PersonalMoney.in - Need a loan? Improve y... · 0 replies · +1 points

The credit card settlement is updated in CIBIL. If you have fully settled your outstanding then the bank should update your account in CIBIL. You can contact the concerned bank and request them to make necessary update in CIBIL.

13 years ago @ PersonalMoney.in - Top 10 Mutual Fund (EL... · 0 replies · +1 points

you will get the majority of the amount less STT, Service Tax and Exit Load (if any)

13 years ago @ PersonalMoney.in - Top 10 Mutual Fund (EL... · 0 replies · +1 points

try HDFC Taxsaver!

14 years ago @ PersonalMoney.in - Demystifying LTA exemp... · 0 replies · +1 points

Hi Rajesh,

no there is no such mandate from the Govt. on this, however different employers have their own policies regarding LTA reimbursements. For newly joined employees, employers some time have a time duration before which the employee can not claim the LTA. Most of them make it mandatory for employee to take around 5 days of Privilege Leave, to claim LTA. I suggest that you clarify the policy regarding LTA reimbursements with the HR of your company.

14 years ago @ PersonalMoney.in - Top 10 Mutual Fund (EL... · 0 replies · +3 points

you are always welcome!! Sai

14 years ago @ PersonalMoney.in - Demystifying LTA exemp... · 0 replies · +1 points

@Hariprasad,

The exemption is allowed on two journeys in block of four years. there is no amount specified in Income Tax Act.

14 years ago @ PersonalMoney.in - Demystifying LTA exemp... · 0 replies · +1 points

Ankit, you need to check with your company if they can allow reimursement on bills pertaining to FY-2009-10 in FY-2010-11. If they can recognize it as a FY-2009-10 then fine, else you can carry forward it and provide bills of the current year.

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