STT on Mutual Funds reduced in budget 2013-14

Securities transaction tax is reduced. STT on mutual fund and exchange traded fund redemption is reduced to 0.001% from 0.25% earlier. STT on MF/ETF purchase and sale on exchanges is reduced from 0.1% to 0.001%, only on the seller.

STT on futures has come down to 0.017% to 0.01 %
CTT has been introduced on non agro based commodities at the same rate applicable to equity futures of 0.01% to make it par with STT

But there was some good news for travellers. If you are going abroad, you are allowed Duty-free shopping upto Rs 50,000 for a male passenger and Rs 1 lakh for a female passenger.

Fun Movie One idiot by IDFC Mutual Fund

Must watch movie for all youngsters. Its fun movie about investments, life goals, life styles.

http://www.youtube.com/embed/vU1l1TB7GzI

what is better ? ELSS , FD or PPF

There is this nice article on comparison of ELSS vs FD vs PPF. what is better you can check out for yourself on this article.

http://wealthforumezine.net/MUTUALFUNDVSFDVSPPF021212.pdf

Basic Financial Planning Calculator

This is nice little easy to use financial planning calculator by Reliance Mutual Fund.

http://reliancemutual.com/GoalsCalculator.aspx

It covers most of the basic life goals of an Individual.

Buying a House
Higher Education
Marriage
Buying a Car
International Vacation
Retirement Calculation

Top Performing Equity Funds since last Diwali

Following is the list of few of the top performing equity funds since last Diwali.

LARGE CAP FUNDS
1. SBI Blue Chip Fund        - 19.9
2. Reliance Top 200 Fund   - 19.5
3. Reliance Equity Fund       - 18.1
4. ICICI Pru Top 100 Fund - 16.9
5. Religare Equity Fund        -16.7

Category Average is 10.4 %

SMALL & MIDCAP FUND
1. Principal Emerging Bluechip Fund - 26.3
2. Axis Midcap Fund                       - 25.9
3. ICICI Pru Discovery Fund           - 24.1
4. BNP Paribas Midcap Fund          - 23.4
5. Franklin Smaller cos Fund            - 22.7

Category Average : 15.9%

DIVERSIFIED EQUITY FUND
1. Reliance Equity Oppor Fund - 24.8
2. Birla Sun Life India GenNext - 20.2
3. Reliance RSF Equity             - 19.9
4. Templeton Equity Fund         - 19.6
5. Principal Dividend Yield        - 19.0

Category Average - 10.7%

ELSS TAX SAVING CATEGORY
1. Reliance Tax Saver         - 22.7
2. Principal Tax Savings      - 19.8
3. HSBC Tax Saver Fund   - 19.4
4. ICICI Pru RIGHT Fund  - 17.6
5. DSP-BR Tax saver Fund - 16.9

Category Average - 11.6 %

BALANCED FUND
1. Reliance RSF - Balanced       - 18.1
2. SBI Magnum Balanced Fund - 17.5
3. Tata Balanced Fund               - 17.1
4. Principal Balanced Fund        - 15.7
5. ICICI Pru Balanced Fund      - 14.9

Category Average - 12.0%

SENSEX - 7.6%
NIFTY - 8.9%

Dividend Declared Birla Sun Life Equity Mutual Funds

Birla Sun Life Mutual Fund has declared dividend under the schemes
Birla Sun Life Frontline Equity Fund - Rs. 0.50
Birla Sun Life MNC Fund - Rs 4.0
Birla Sun Life Opportunities Fund - Rs 0.75
The record date is 9/11/2012

Fidelity Mutual Fund Merged with L&T Mutual Fund

Merger of Schemes of Fidelity Mutual Fund with Schemes of L&T Mutual Fund

Fidelity Mutual Fund has announced the merger of
Fidelity Flexi Gilt with L&T Gilt,
Fidelity Wealth Builder-Plan A with L&T MIP.

Fidelity Equity with L&T Equity,
Fidelity Tax Advantage with L&T Tax Advantage,
Fidelity India Prudence with L&T India Prudence,
Fidelity Cash with L&T Cash,
Fidelity Intl Opp with L&T Indo Asia,
Fidelity Global Real Assest with L&T Real Assests,

The Unit holders of L&T and Fidelity Mutual Fund are given an option to redeem/switch out from the schemes within October 15, 2012 to November 15, 2012 without paying any exit load. New names of the schemes will be applicable from November 16, 2012.