Mutual Fund–Our Way

So the market is so volatile that even seasoned players also are not very sure where it is going. Every day is a new day. So does "Systematic Investment Plan" (SIP) works in this environment. Mostly people have monthly SIP but a month now appears to be a longish period and the advantage of SIPs that you average out and do not try to time the market does not work any more. So how do we do it. We have done something of modified SIP in our own way. The way we went about it is as follows: 1. Selected following Mutual Funds: BSL Dividend Yield Plus Direct-G Franklin India Bluechip Direct-G HDFC Equity Direct-G HDFC...

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New beginnings

So we went in silent mode. Yes lot of things were happening. Most of our team members got busy with there life, marriages, career. Nearly all of us moved places and settling at new place, new environment, additional family responsibilities and so on. In all this our site also moved from one hosting to other... And then one day which is today, stumble back on it. Pondering on where to start thought of planning again and start afresh. Earlier the focus was on IPO as that was mostly we were investing. IPO dried up and other then SMEs no one is in IPO market. In fact late last week and this weeks mayhem of stock markets...

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Increase in Dividend Distribution Tax in Debt Mutual Funds - Impact

(Courtesy HDFC Securities) In the FY14 Budget, the Finance Minister has proposed to increase the Dividend Distribution Tax (DDT) on Debt Mutual Funds (other than liquid and money market funds on which the DDT was already 25%) from 12.5% to 25% (plus surcharge and cess) for individuals and HUFs. The hike is proposed to provide uniform taxation for all types of funds other than equity oriented mutual funds in the Mutual Fund Industry. This amendment will take effect from 1st June, 2013. Classification of Funds: As far as tax implications on Indian mutual funds are concerned, they are classified as three parts as ‘Equity...

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