Saturday, March 30, 2013

What is Interest rate on PPF for 2013-2014 ?

Interest rates on PPF (Public provident Fund) and other small savings scheme has been reduced.

PPF Interest rate was 8.8% for year 2012-2013 has now been reduced by 0.1% to 8.7% for year 2013-2014, with effect from 1st April 2013.

Similarly Post office Monthly Income Scheme (MIS) will earn an interest of 8.4% for 5 year maturiy.
The National Savings Certificates (NSC) having maturity of 5years and 10 years will attract 8.5% and 8.8% interest respectively, reduced by 0.10% from previous year.

Friday, March 29, 2013

Top performing Mutual Funds for FY12-13


Following are the Top performing Mutual Funds for the Financial year 2012-2013.

LARGE CAP FUNDS
1. SBI Blue Chip Fund        - 18.1
2. Axis Equity Fund (G)    - 17.3
3. Religare Equity Fund (G) - 16.2
4. Birla SL Frontline Equity  - 15.0
5. Escorts Leading Sectors   - 13.5

SMALL and MIDCAP FUNDS
1. SBI Emerging Busi (G)        - 22.0
2. Taurus Discovery Fund       - 19.8
3. Axis Mid Cap Fund (G)      - 17.6
4. Franklin (I) Smaller Cos      - 17.3
5. Principal Emerging Bluechip - 16.6

DIVERSIFIED EQUITY MUTUAL FUNDS
1. Birla SL India GenNext     -   17.5
2. ICICI Pru Services Indus.  -   17.4
3. Franklin High Growth Cos -   16.0
4. Tata Equity Management  -     15.3
5. Reliance Equity Oppor     -     14.0

ELSS TAX SAVING MUTUAL FUNDS
1. Union KBC Tax Saver     -   16.1
2. HSBC Tax Saver Equity   -   15.4
3. Principal Tax Savings -    14.0
4. Axis Long Term Equity     -   13.8
5. DSP-BRTax Saver Fund   -    13.1

EQUITY ORIENTED BALANCED FUNDS
1. SBI Magnum Balanced Fund -
2. ICICI Pru Eqty-Volatility Adv. -
3. ICICI Pru Balanced Fund (G) -
4. Principal Balanced (G)     -
5. Tata Balanced Fund (G)      -

BENCHMARK RETURNS  for the same period.
Sensex    -10.0
Nifty       -  9.4
BSE 100 -  9.0

source of data moneycontrol.




Friday, March 1, 2013

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.