16 MARKETS & FINANCE

THURSDAY, JULY 14, 2011, DELHI WWW.LIVEMINT.COM

mint money
STRONG SIGNALS
Templeton India Growth fund follows value-investing philosophy. Has done very well in falling markets, done well in rising markets, too.

TAX FILING

What you cant do if you miss 31 July deadline

You are allowed to file tax returns up to 31 March but missing the deadline may also mean missing out on certain benefits you can get otherwise
B Y B INDISHA S ARANG
bindisha.s@livemint.com

BEHIND THE NAV

Value Research Style Box
A nine-box matrix that Growth Blend Value displays both the funds investment approach and Large size of companies in which it invests. Vertically, the three squares indicate Medium size orientation of fundfrom the bottom, Small small-cap, mid-cap and large-cap. Horizontally, the three squares indicate, from right to left, three stages on the value-to-growth spectrum. While the market cap group is assigned as per cut-offs arrived at while finding market cap ranks for individual stocks, investment style is determined by using cut-off points of valuation score for the particular market cap group in which the fund lies. Cash

BASICS
Fund Name

Templeton India Growth

NET ASSET VALUE MINIMUM INVESTMENT VALUE RESEARCH RATING

CORPUS

R862.80 crore
As on 30 Jun

R116.18
As on 12 Jul

R5,000
As on 30 Jun

hile the income-tax (I-T) department allows you to file your returns even after the 31 July deadline expiresyou can file till 31 March 2012it doesnt allow certain other things you can normally do if you are within the deadline. With the last date only about a fortnight away, heres why you should hurry up.

Cant revise returns

Just in case you made an error while filing returns, you will not be able to do so. Says Sudhir Kaushik, co-founder and chief finance officer, Taxspanner.com, a tax portal, If you miss the deadline, you will not be able to revise your returns. But if you file your returns by this deadline and later realize that you need to revise your returns, you get time till two years from the end of financial year or assessment year, whichever is earlier.

Cant carry forward losses

I-T rules permit you to carry forward losses, such as loss incurred in your investment activity, to the next assessment year. But miss the deadline and you wont be able to do so. Says Anil Rego, CEO, Right Horizons, an investment advisory and wealth management firm, If youve incurred some losses from investing in shares or mutual funds, you can carry forward the losses for the next eight years, but if you fail to file your returns by this deadline, you cannot carry forward losses.

tax dues in the current assessment year and you failed to file your returns on time, be prepared to pay an interest. You will be liable for penal interest under section 234A at 1% per month on the amount of tax due from the due date of filing returns, says Rego. Advance tax: You need to pay advance tax on three specific dates every fiscal year that is 30% of total tax before 15 September, 60% before 15 December and 100% by 15 March. Says Kaushik, In case taxes paid before 15 March is less than 90% of total tax then 1% per month penal interest needs to be paid under section 234B from 1 April on the amount less paid (balance amount) at the time of filing returns. Interest for the deferment of advance tax also attracts 1% penalty. For example, if the total tax payable for the year is `1 lakh and you have paid `20,000 before 15 September and `60,000 before 15 December and `10,000 before March 15, then 1% per month will be payable on the balance `10,000 for three months under section 234C. Says Kaushik, If you file your return after 31 July and there is some tax payable then additional interest of 1% per month needs to be paid from 1 August to the date of filing.

Funds expense ratio 2.12%

Category average expense ratio 2.08%

Fund manager J Mark Mobius

With the fund since 14 years

Address
Level 4th, Wockhardt Towers, Ist Bandra Kurla Complex, Bandra (East), Mumbai-400051

Website/toll-free number : www.franklintempletonindia.com/022-22886121

Asset allocation
Total number of stocks

4.19%

RETURNS
1,60,000 1,40,000 1,20,000 1,00,000 80,000 60,000 40,000 20,000 0 10 Sep 1996
Base value taken as 10,000

How R10,000 has grown

Templeton India Growth

1,29,512

34 0

Total number of bonds

Stocks

95.81%

As on 30 Jun

Top 5 sectors
Financial Metal Energy Automobile
Category benchmark (BSE 500)
12 Jul 2011

15.16% 10.01% 19.87% 9.45%

53,603

Chemicals Others
As on 30 Jun

21.97%

23.54%

Fund

Sensex Returns in %

Category average

Top 5 holdings
Tata Chemicals ING Vysya Bank Reliance Infrastructure 14.39 9.45% Hindalco Industries Apollo Tyres Others

1-year 3-year

0.20 14.99

2.64 10.98

0.94

Inception date: 10 Sep 1996 (Returns since inception: 18.84%)

What if you miss 31 March deadline too

If you do so, you may have to pay a one-time penalty. Balwant Jain, chief finance officer, Apnapaisa.com, says, If you miss the 31 March deadline, too, you may have to pay a penalty of `5,000 and the return can be filed by 31 March 2013. So you better get going while there is still time.

RISK MEASURE
3 years 5 years

65.34%

8.54% 7.34% 4.75% 4.58%

Source:

Above average Average

3-year mean return 18.42%

3-year Sharpe ratio 0.45

3-year standard deviation

31.03
As on 30 Jun

Pay interest
Here are two cases where you will have to shell out interest if you miss the deadline. Income-tax due: If you had

Why you should be careful about your MF paperwork

SMOOTH DEAL
N.K. PRASAD
We welcome your comments at mintmoney@livemint.com

tion form. Nomination is at the folio level and all units of all schemes in the folio will be transferred to the nominee(s). If an investor makes further investment in the same folio, the nomination is applicable to the new units also. It may be noted that a nomination can be changed at any time and even cancelled. The relevant form should be filled and submitted to the registrar.

nominee on the demise of an investor. A claimant who is not a nominee would have to produce a host of additional documents such as a will, legal heirship certificate, no-objection certificate from other legal heirs, among others, to get the units transferred. The process is simple if a nominee is registered in the folio.

Why you should fill in vital contact information

MF application forms contain fields for filling vital contact detailsemail ID, cellphone, home and office numberswhich investors often do not fill as it is not mandatory and lose the opportunity to access a host of facilities and services. Email ID: Investors whose email ID is registered in their folios are entitled to several benefits. Emails confirming transactions are sent by most funds. This would assure investors of the successful completion of the transaction and even serve as an alert for a transaction having taken place in the folio. Hard copies of account statements for systematic investment plan (SIP) transactions are only sent quarterly. However, if the email option is given, statements would be sent after every SIP transaction. Phone number: Registering mobile and home/office telephone numbers would entitle one to receive confirmations, reminders and contacts. Most MFs send a transaction confirmation SMS on the completion of the transaction. Timely SMS reminders for upcoming SIP debits are sent by some funds to give investors time to ensure that the amount is available in the bank account. In addition, if the necessity of a contact arise, having updated telephone numbers would help. If one has not registered an email id at the time of submitting an application form, one may submit a written request duly signed as per the mode of holding to enable the registrar to register the same in the folio. N.K. Prasad is president and chief executive officer of Computer Age Management Services Pvt. Ltd.

our familys comfort is of paramount importance to you. You have been diligently investing in mutual funds (MFs) to take care of your family needs now and in the future. But have you done the right paperwork to ensure that your family has access to your investments with ease in case of any unfortunate event? Nomination is both your right and responsibility. It ensures your investments reach your nominees, without any complication. An investor can nominate a person to whom his/her MF units will be transferred on his/her demise. We find that about 60% of folios have a nominee registered.

The benefit
Registering a nomination facilitates easy transfer of funds to the

When to file nomination

A nomination can be registered at the time of purchasing units. While filling in an application form, there is a provision to fill in the nomination. In fact, in the current application forms, investors are asked to specifically indicate if they do not wish to nominate. Alternatively, an investor may register a nomination later through a form which may be submitted with relevant particulars of the nominee.

How many nominees can you have

In this regard, it may be noted that multiple nominations are possible. An investor may make up to three nominations for a folio and even specify the percentage of the units that will go to the nominees. If the percentage is not specified, equal shares will be allotted to all nominees. A minor can be a nominee. However, the guardian will have to be specified in the nomina-

SHYAMAL BANERJEE/MINT

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