Tax Saving Mutual Funds Online
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Single KYC registrations for investors
THE SECURITIES regulator, the Securities and Exchange Board of India (Sebi), is in informal talks with other financial market regulators to explore the possibility of a single know your client (KYC) registration system for investors across the country's financial markets – banking, insurance and pension, in addition to stock markets.
"Sebi is currently involved in informal discussions with other financial regulators," the regulator's chairman UK Sinha said, after inaugurating the country's first KYC Registration Agency (KRA) for investors in the securities market segment. The KRA is floated by CDSL Ventures, a wholly-owned subsidiary of Bombay Stock Exchange-promoted Central Depository Services (India).
According to Sebi rules on common KYC, an intermediary (stock brokers, mutual funds and depository participants, among others) should perform the initial KYC of its clients and upload details on the system of the KRA.
When the client approaches another intermediary, the intermediary can verify and download the client's details from KRA's system. As a result, once the client has undertaken a KYC with a Sebi-registered intermediary, the investor need not undergo the same process again with another intermediary.
Stating that the KRA was a major initiative of Sebi to eliminate procedural hurdles for investors, Sinha said the new system will avoid duplication of KYC process from an investor's perspective and bring down costs and back-office work for intermediaries. Sinha said the new system will remove the disincentive for investors in switching from one intermediary to the other for better services. The level of participation in the Indian capital market by households, according to Sinha, is much below the desired level.
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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- HDFC TaxSaver
- ICICI Prudential Tax Plan
- DSP BlackRock Tax Saver Fund
- Birla Sun Life Tax Relief '96
- Reliance Tax Saver (ELSS) Fund
- IDFC Tax Advantage (ELSS) Fund
- SBI Magnum Tax Gain Scheme 1993
- Sundaram Tax Saver
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Application form for Tax Saving Infrastructure Bond and more information
Current open Infra Bond Application form
Submit filled up application Collection canter near you
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