Mutual Fund Managers in India

Advantages of Mutual Funds are  Diversification, More choice, Affordability, Tax benefits and Professional management. When you invest in a mutual fund scheme, you are buying a portfolio of securities. If it is actively managed mutual fund, a fund manager picks the constituents of the portfolio. Fund managers are critical to the performance of active mutual funds. This article talks about Who is Fund Manager, difference in Active vs Passive Investing in Mutual Funds, Responsibilities of Fund Manager,How to find Mutual Fund’s Fund Manager,Top Fund Managers in India,How much does a Mutual Fund Manager earn in India, Popular Fund Managers in India, Do Mutual Fund Manager Invest in their own schemes?

Who is Fund Manager?

Mutual fund investments are managed by experienced and skilled professionals, who with the help of an investment research team, analyzes the performance & prospects of investments such as companies or bonds and selects suitable investments to achieve the objective of the scheme.  The investments are chosen to build the portfolio in a way that it meets the collective goals of the fund and the investors. The efficiency of a fund manager is tested in performance related to their target benchmark. If the target benchmark is beaten frequently, both the fund and the manager are good.

Active Vs Passive Investing in Mutual Funds

Active investing involves fund manager and his team who actively searches out investments to generate the maximum returns and to beat the market. Active investing attracts higher fund management charges because of intentive fund management efforts and activity. Most mutual funds in India are active mutual funds.

Passive investing on the other hand, is largely rule and data driven. For instance money may be invested in securities proportional to their representation in a an index (based on some pre-defined rules – usually weighted by market capitalisation) and almost always executed by an algorithm rather than a fund manager. They are usually cheaper as in they have lower fund management charges since they do not require active management. The most popular form of passive mutual funds are Exchange Traded Funds or ETFs.

Passive investing in mutual fund schemes is not popular in India, unlike USA. Investors have preferred schemes managed by fund managers because of their ability to beat returns of the underlying benchmarks.

Responsibilities of Fund Manager

Decision Maker Choosing the investments to build a portfolio that can consistently outperform its benchmark and standout in a peer set. This is the primary responsibility of a fund manager. The investment objective of the scheme defines the universe in which securities can be picked.  Every fund has a defined investment objective, which decides not only the asset type, but also the general theme within which a fund manager can select. However, the investment in assets is defined within a range. For example, many hybrid funds that have a mix of equity and debt, such as monthly income plans, specify that 0-20% of the assets under management can be in equity and the rest in debt securities. The fund manager can decide whether to invest 5% or 20% in equities.

Most fund houses have teams of analysts that help the manager with research in areas like securities, sectors and macroeconomic factors. But the fund manager has to take the final decision on stock selection, which is taken after weighing all the research findings. This is known as portfolio construction, and is heavily dependent on the fund manager’s skill.

The open-ended mutual funds see inflows and outflows on a daily basis, it is the fund manager who will decide how much gets invested and what remains in cash.

Communication : Fund managers are answerable to investors as well as the trustees of the asset management company, who are appointed to ensure that investor interest remains a priority. Hence, they need to have a good rationale for their investment decisions and should be able to communicate these verbally and formally across various forums.

Ethical conduct: They also have the statutory responsibilities of maintaining ethical conduct while handling investor money.

Promotion: Responsibilities of a fund manager are also to meet investors and distributors to promote their funds.

How to find Mutual Fund’s Fund Manager?

You can gets  details of various fund managers on. For example lets take HDFC Prudence Mutual Fund.

Individual mutual fund house website

Mutual Fund Manager

Mutual Fund Manager

How to find Fund Manager on Valueresearchonline.com

  • Find the fund on valueresearchonline.com using Search Box or Mutual Fund Company or rankings or..
  • Select  Analysis Tab as shown in image below
How to find Fund Manager on ValueResearchOnline.com

How to find Fund Manager on ValueResearchOnline.com

How to find Fund Manager on Money Control

  • Find the fund on moneycontrol.com using Search Box or Mutual Fund Company or rankings..
  • Click on Overview on the fund’s page.
How to find mutual fund manager on moneycontrol

How to find mutual fund manager on moneycontrol

How to find Fund Manager on Fund SuperMarket

FundSuperMarket.com maintains a list of  the fund managers of the mutual funds which you can sort based on Fund House,Asset Class, Weighted Average Performance

List of Fund Managers on FundSuperMarket.com

List of Fund Managers on FundSuperMarket.com

Top Fund Managers in India

Making money in the stock market is not everybody’s business, but several fund managers on Dalal Street have made a name as astute stock pickers by delivering handsome returns.

ET Wealth in association with mutual fund research firm Morningstar brought out the ranking of the best equity fund managers of 2016. The study was based on the performance of equity funds over a five-year period from July 1, 2011 till June 30, 2016.

Top Mutual Fund Managers India

Top Mutual Fund Managers India

Outlook Business-Value Research Fund Manager Ranking is based on the average risk-adjusted performance of all fund schemes managed by a manager and across fund house in case s/he has switched the fund house. They have presented rankings based on both 10-year and five-year, and profiled the top 10 managers based on the five year track record and the top two based on 10-year track record.

Top Mutual Fund Managers in India :Outlook Business

Top Mutual Fund Managers in India :Outlook Business

How much does a Mutual Fund Manager earn in India?

In May 2016, around 20 mutual fund houses have revealed the pay packets of their top executives on Monday to comply with the Securities and Exchange Board of India’s (Sebi) diktat to disclose salaries of key executives.  The regulator had asked AMCs to disclose salaries of all top employees’ as well as of those whose annual remuneration is equal to or above Rs 60 lakh per annum, within a month of the end of the financial year.  As per the revised rules, AMCs can differentiate between long term remuneration which includes exceptional amounts computed on exercise of options granted under Esops.
Sebi’s 18 March 2016 directive was aimed at improving the disclosure norms of funds, especially in terms of costs.The same directive asked the funds to disclose the amount they paid to distributors as commission and also expense ratios. An analysis of the 10 largest and the 10 smallest funds by assets under management shows that, in general, the smaller funds have followed the regulator’s directive. Ref: Mint

What is Mutual Fund Manager salary

What is Mutual Fund Manager salary

Popular Fund Managers in India

When you talk about Fund managers in India some names that crop up are:

  • Prashant Jain: Prashant Jain is the Chief Investment Officer, Executive Director, and Fund Manager at HDFC Asset Management Company Ltd.
  • Nimesh Shah– Managing Director & CEO
  • Mr. S. Naren – Executive Director & Chief Investment Officer: Naren joined ICICI Prudential AMC in October 2004. At ICICI Prudential AMC, Naren oversees the entire investment function across the Mutual Fund and the International Advisory Business. He is instrumental in overall investment strategy development and execution. He also directly manages the ICICI Prudential Dynamic Plan and the ICICI Prudential Top 100 Fund.

Do Mutual Fund Manager Invest in their own schemes?

Do Fund managers bet on their own scheme? How much ‘skin in the game’ does the fund manager have  It would seem strange that fund managers or key employees not investing in some large schemes even though the same individuals talk about why the fund is a great investment idea.  There are funds with very little or no investments by their fund managers or members of the AMC board. Some fund houses are also actively encouraging employees to invest in their schemes. At ICICI Pru MF, the bonuses of senior management are invested in mutual fund schemes and redemptions are allowed in a staggered manner over 3-4 years.  At Kotak Mutual Fund, employees have taken a voluntary pledge to invest in funds from the AMC. “We want to tell our distributors and investors that we practice what we preach. Just like some restaurants put up a sign saying The owner eats here”, this is a confidence boosting measure to create trust among distribution partners and investors ” says Nilesh Shah, managing director of Kotak Mutual Fund.  Ref: Economic Times

Mutual Funds where Fund Managers invest in their own schemes

Mutual Funds where Fund Managers invest in their own schemes

 For investors looking at adding mutual funds to their portfolios, the fund manager is one of the biggest pieces when deciding which fund to select. It is he or she that will ultimately guide the investment of the underlying portfolio.When you buy a mutual fund scheme, do you go by the reputation of the fund house or the fund manager?
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The Bullet or the Thunderbird – Which One to Go Ahead With

Royal Enfield offers several latest models like the Thunderbird, however, the standard Bullet continues to remain popular. This article explores differences between the two models, The Bullet or the Thunderbird – Which One to Go Ahead With.

Motorbikes are popular among a large percentage of the Indian population. A two-wheeler is probably the first vehicle and a status symbol for most of the youth in the country. It provides you freedom to travel as per your convenience. In addition to enjoying mobility, a bike is an affordable and timely way to commute.

Royal Enfield Bullet or the Thunderbird

Royal Enfield Thunderbird 350 or classic 350

Image source: https://www.zigcdn.com

Manufacturers provide newer models with the latest technology and advanced features as the demand for bikes is increasing. The wide range of bikes could often make it confusing for you to decide the best bike for your needs.

Royal Enfield has been one of the oldest manufacturers and continues to enjoy high market share. The company offers several latest models like the Thunderbird, however, the standard Bullet continues to remain popular. Here are three differences between the two models that will help you make the right choice as per your requirements.

  1. Starting mechanism

The Bullet is started with a kick while the Thunderbird has an additional option of electric starting mechanism. The additional choice provided in the latter offers more convenience and comfort.

  1. Fuel consumption

The Thunderbird provides a 20-liter fuel tank capacity. In comparison, the Bullet comes with a 13.5-litre tank capacity. The reserve fuel capacity of the Thunderbird (3.5 liters) is higher than that of the Bullet (2.5 liters). Furthermore, the overall riding range of the Bullet is 607.5 kilometers against the Thunderbird’s, which is 900 kilometers.

  1. Design

The Kerb weight of the Thunderbird is slightly higher than the Bullet. However, the Thunderbird design is sleeker with shorter length and width when compared to the Bullet. The former has a more modern design with low seating making it appropriate for the young riders

Funding your bike

Both the bikes are more expensive when compared to several other models. The best way to purchase these is using two-wheeler loans. Here are three things that make such loans a popular choice among individuals.

  1. Financial institutions require minimal documentation for providing these loans. Moreover, the entire procedure of purchasing a bike on EMI is completed quickly.
  2. Such loans are widely available and affordable because of the lower interest rates. Searching for the most competitive bike loan interest rate is easier because several financial institutions provide such products.
  3. The down payment that must be paid is low, which makes it possible for you to own these classic bikes.

Riding your bike is a dream that is easily achievable. Avail of a low two-wheeler loan interest rate to purchase the Bullet or the Thunderbird as per your personal requirements and ride off in style.

Note: This is sponsored post.

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Practices to Keep Money Safe using ATM, Online Banking,Cards

Everything is a just a click away. With the Government push towards becoming a cashless economy gaining traction, the number of people expected to transact and bank online is expected to continue to grow. But how do you keep your money safe in a world where getting lost money back is a mammoth, even impossible, task? Article talks of  Practices to Keep your Money Safe when you are using ATM, Online Banking,Cards, Phones Computers.

Bank accounts

  • Register your mobile and email id with your bank : The RBI mandates banks to send online alerts for all card transactions. Update your phone number and email id with your bank.
  • Set limits : Transaction limits on every card are a must to limit loss. Banks allow setting separate limits for transactions such as e-commerce, PoS and ATM. One can have a different limit for each.
  • Have two bank accounts : Primary account and Secondary account
  • Keep all your money in Primary and never use it for online transactions.
  • Never use Primary Debit card anywhere.
  • Use the Secondary account for all the spending and withdrawing money from ATM. Transfer money from Primary account when needed and keep balance under Rs 10,000.
  • Register your mobile and email id with your bank : The RBI mandates banks to send online alerts for all card transactions. Update your phone number and email id with your bank.
  • Set limits : Transaction limits on every card are a must to limit loss. Banks allow setting separate limits for transactions such as e-commerce, PoS and ATM. One can have a different limit for each.
  • Among security questions banks ask is your sibling’s name, pet’s name etc. and these can be easily fished out from your social media accounts. So please Revisit privacy settings on social media Change settings on sites such as Facebook so that only close friends and family members can access information.

Use Credit Cards

Use Credit Card as much as possible So that the liability is on banks. Debit cards means your money is gone. In credit card payments banks can delay or revert the fraudulent payment but not in case of debit card payment. So credit card is safer choice for transactions. If you aren’t earning a handsome salary or have bad credit score just put an FD of 25,000 and get a Credit Card against it. Never ever use your Debit Card for online shopping or at POS terminals.

  • Get a safer chip based card: A duplicate copy of magnetic cards can be made in minutes, chip based cards cannot be copied easily. Difference between EMV (Europay, Master Card Visa) and Magnetic Chip Card is shown in image below.
  • Never let your cards out of your sight : When paying bills at some restaurant, ask them to bring the POS machine to you or you yourself go to the machine. Also grab that receipt, check, and tear.
  • Always hide the keypad : Those devices that you swipe that card have walls to hide your fingers so that no one can see what you’re typing, that isn’t adequate, cover the top of your hand as well. Don’t punch in the numbers by making a fist and taking the index fingers out. Instead, type like a person playing the piano, i.e: all four fingers resting or hovering over the keypad.
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This Festive Season, Gift Yourself and Your Loved Ones the iPhone 7  

 

The recent launch of the new iPhone 7 has created quite a buzz in the market. Since then many individuals are now gearing up to buy this Apple product. The new handset is water-resistant, coupled with other features like a superior 12-megapixel camera and long-lasting battery.

With Dussehra and Diwali in October, potential buyers will consider these festivals an auspicious time to buy this phone and dealers may offer the handset at a discounted price with attractive schemes. You can take advantage of such exclusive offers during the festive time and gift the phone to your loved ones or purchase one for yourself.

Features of iPhone 7

The phone will be available in five colors, namely gold, rose gold, silver, black, and jet black. It will have three storage variants of 32GB, 128GB, and 256GB. The iPhone 7 will also be lighter than the previous model, offer wireless earphones (AirPods), ultra-fast Wi-Fi, and a 2GB RAM. With the starting price estimated to be Rs. 60,000, some may find it quite expensive. However, the good news is that you can buy phones on EMI.

Financing options

Purchasing the phone on EMI is a financially viable option. It is light on your pocket and gives you the power to purchase the luxurious device. You may opt for a durable loan from reputed lending institutions like Capital First, thereby letting you buy the phone without a credit card. In this way, you will save a significant amount, as the interest paid on credit cards is higher than that on loans. Additionally, the credit limit of your card will reduce considerably if you opt to pay through your credit card. Are you also planning to purchase the iPhone 7 on EMI?

Note: This is a sponsored post.

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Five Best Tax Saving Options In Financial Year 2016-17

Although saving money is round the year activity for any earning individual, tax saving only gets in focus in the last three months of the FY. There are many reasons for this, and more than these there are many side-effects of this approach of investing. This article looks at the various Tax Saving Options and compares them on different parameters like Liquidity, Flexibility, Maturity Period, Volatility and Taxability.

Remember that your money is supposed to provide security and prosperity for you and your dependents in the present and in the future. Since investment instruments are like vaults where you park your hard-earned money for a better future, you should ensure, as much as possible, that these funds are available to you when you need and grow in value over time.

Therefore, when it comes to saving money for tax rebates, the objective of only ‘tax saving’ does not make any sense for long-term financial goals.

The money you invest to save tax will benefit you in the current assessment year, but can you ensure that it helps you in future as well?

Securing Your Future While Saving Taxes in The Present

It is possible to make sure that the money you invest now to save tax this financial year, also comes in handy in future if you decide objectively and not rush the decision. There are simple parameters you can use to judge whether the investment is going to save tax and provide for a future goal.

For example, the endowment plans can offer you definite returns for a fixed monthly investment, and you can claim the invested amount each financial year as a deduction from your taxable income. Also, the maturity proceeds you receive remain tax exempt.

The Parameters to Judge an Investment

You know your risk appetite. Even if you do not have a detailed personal risk assessment report in hand, you have an idea of where you should invest your money. The two factors you will be considering for your investments are these:

  • The flexibility of Investment: Can you decide the amount and time of investment and the type of instrument you’d like to hold time to time? g. whether you can switch to a debt investment from equity or equity to debt.

Remember that the more risk you can take the higher your returns can be.

  • Liquidity of Investment: How easily and quickly you can turn the investment into cash without losing much of its value?
  • Time to Maturity or Holding Period: How many years do you need to formally stay invested? The shorter the maturity period the better.
  • The uncertainty of returns or Volatility: How certain are you about the returns?
  • And finally, we also test the ‘Taxability’ of the investments at the time of:
  1. Investment: Whether the amount you invest is tax-free?
  2. Interest Payment: Whether the interest accrued or dividend you receive is tax-free?
  3. Maturity or liquidation: Whether the maturity proceeds are tax-free?

Let’s See How Different Tax Saving Options Fare on These Measures

Let us Consider some popular investment options for tax saving and evaluate their features on the three parameters we have selected. We assign ‘5’ for the best possible features in the category and ‘1’ to indicate the worse:

Tax Saving Options: Equity Linked Savings Scheme (ELSS)

Category Product Features Score
Flexibility of Investment Minimum investment may be capped to Rs. 1000.

Any amount can be invested anytime.

ELSS only invests in equity. Therefore, no switch before 3 years is possible.

3
Liquidity Units can’t be sold back to the fund before 3 years of holding.

Though units can be sold on the exchange where Fund is listed, the price will be highly discounted.

No Loan is available on the investment.

3
Volatility Very volatile as it is an equity scheme 1
Maturity Period Must be held for a minimum of three years, but due to equity holding should be held for more than five years. 4
Taxability Invested amount can be used for reducing taxable income.

Dividends received are tax-free.

Maturity proceeds after three years are also tax exempt as long term capital gains on equity.

5
Total 16

Tax Saving Option: Unit Linked Insurance Plans (ULIP)

Category Product Features Score
Flexibility of Investment Flexibility is low, as once the premium is decided on the policy, it must be paid, the only choice is the frequency which must be chosen in the beginning.

You can switch between equity and debt multiple times. Thus, investment flexibility is good in this aspect

3
Liquidity Money/unit balance cannot be withdrawn before 5 years of the policy are complete.

There is no loan available within this period.

2
Volatility Depends on the type of investment chosen.

E.g. If you choose growth option the money is invested in equity funds which are the highly volatile investment, but wealth protection option gives you more debt investment.

3
Maturity Period Maturity period depends on the policy period. However, the accumulated fund value can be withdrawn after 5 years. 4
Taxability Investment, earnings, and maturity all are tax exempt 5
Total 17

Tax Saving Options:Tax Saving Fixed Deposits

Category Product Features Score
Flexibility of Investment Money can be invested once in an FD.

However, multiple FDs can be opened in a financial year.

No option to switch to equity or other security before maturity.

2
Liquidity FDs can’t be broken before 5 years. 1
Volatility Returns are fixed at the interest rate decided in the beginning. 5
Maturity Period Tenure for these Fixed Deposits is five years. 2
Taxability Investment is tax-free, but interest and maturity values are taxable. 1
Total 11

Tax Saving Options: National Pension Scheme (NPS)

Category Product Features Score
Flexibility of Investment Any amount starting from a minimum of Rs.500 can be invested any number of times throughout the year.

The minimum annual contribution is Rs.6000

The option to switch is inbuilt. The investor has less flexibility to decide the maximum risk under the tax saving (retirement) option.

4
Liquidity Withdrawal is only possible at retirement, resignation or death of the account holder.

Partial withdrawal is allowed only after 10 years.

Loans are not available.

1
Volatility NPS portfolio has a maximum of 50% exposure to equity. Therefore, it is less volatile than ELSS but more volatile than PPF, NSC or bank FD 2
Maturity Period Depends on the age of the accountholder. Though for investors below 40 years of age, it is longer than 20 years 2
Taxability Investment up to Rs. 200,000 can be claimed for tax saving purpose.

Interest accrued is not taxable. However, maturity proceeds can be partially taxable.

4
Total 13

Tax Saving Options: Public Provident Fund (PPF)

Category Product Features Score
Flexibility of Investment A minimum of 12 contributions of Rs. 500 are required in a financial year.

No option to switch to equity from PPF before maturity.

3
Liquidity Loan facility is available from the 3rd financial year of the account.

Partial withdrawal is allowed after 5th year.

2
Volatility Very little. Only interest on the account is revised each year by central govt. to match the debt market scenario. 4
Maturity Period 15 years 1
Taxability Investment, interest and maturity proceeds are all tax-free. 5
Total 15

Tax Saving Options: National Savings Certificate (NSC)

Category Product Features Score
Flexibility of Investment Minimum of Rs. 100 can be invested, any number of times in a financial year.

No option to switch to equity of other debt investment before maturity

4
Liquidity The certificate can be liquidated anytime, however, will receive a lower interest or no interest.

The loan can be taken from financial institutions by pledging the certificate.

3
Volatility Nil 5
Maturity Period Five years 2
Taxability Interest and maturity value is taxable, but TDS is not deducted. 1
Total 15

Tax Saving Options: Life Insurance Policies

There are many types of life insurance policies available, some of which like ULIP, as seen above, come with an investment option and provide maturity value. But, most of the time, it is not possible to achieve adequate life cover under ULIPs, Endowment and Moneyback policies without committing huge amounts as annual premiums.

Category Product Features Score
Flexibility of Investment The premium amount must be paid for the continuation of the policy.

Life policies (except ULIP) do not give the option to switch to high-risk investments.

2
Liquidity Policy can be surrendered in the second year onwards. But surrender value can be very low.

Loans may be available in the later stage of the policy.

2
Volatility Nil 5
Maturity Period As per Policy Term. Minimum Policy Term can be 5 years. 2
Taxability Interest and maturity are tax-free. 5
Total 16

Life Insurance as Tax Saving Investment

While you build your wealth and ensure that your family’s future goals are looked after, life insurance on your life is also important. There are two types of life insurance investments, and both make your money eligible for tax savings in the year you invest in it. One is the simple ‘Term Plan’ other is ‘Endowment and Money Back Plan.’

Term Plan

The difference between term and endowment/moneyback plans is that term plan consists of only life cover. You can get a term life cover for a nominal amount of premium. This will ensure that your nominee gets the sum assured in the event of your untimely death. But if you survive the tenure of the policy you do not receive any maturity value.

But, you will have an adequate amount of life cover for a nominal annual premium.

Endowment & Moneyback Plans

With endowment and moneyback plans, you get a life cover as well as a guaranteed (and some additional unguaranteed bonus, if you choose) maturity amount. Meaning, while the sum assured you have bought will be paid to the nominee in case of your demise, the maturity amount will be paid to you if you survive the policy tenure.

There are guaranteed returns in endowment and moneyback plans, but the premiums are higher than term plans for the same amount of cover. These plans are a better provider of security and assured returns over a long period, and you can be sure to meet your goals in future with these.

What Should You Do?

Recommended investment plan is that you have adequate life cover using a ‘Term Plan’ and invest the remaining amount in Endowment or Moneyback plan to meet your future goals.

For example: You need to invest up to Rs. 150,000 this year to maximize your tax savings. You need a life cover of Rs. 1.5 crore to make sure that your family is provided for even in your absence. If you buy a term cover of Rs. 1.5 cr. And you are 35 years old the premium would be approximately Rs. 35,000 (even lower if you buy term plans online); i.e. you still need to save additional Rs. 125,000. This amount can be used for investment in various plans for your financial goals through endowment plans, ULIPs, ELSS, etc.

Remember that no investment is always bad or always good. Therefore diversification is the best way to maintain and grow your wealth, and keeping your family’s future safe with an adequate term insurance cover.

Summary of Ranks of Tax Saving Options

Now let us consolidate and see how each instrument fared in different category and overall:

Rank Investment Flexibility of Investment Liquidity Volatility Maturity Period Taxability Total Score
1 ELSS 3 3 1 5 5 17
2 ULIP 3 2 3 4 5 17
3 Life Insurance 2 2 5 2 5 16
4 PPF 3 2 4 1 5 15
5 NSC 4 3 5 2 1 15
6 NPS 4 1 2 2 4 13
7 Tax Saving FDs 2 1 5 2 1 11

To learn more about your tax liability and the income tax slab for the Assessment Year 2017-18 click here.

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Jayalalithaa : Amma Assets,Freebies in TN,Disproportionate Assets case

Tamil Nadu Chief Minister J Jayalalithaa passed away at Apollo Hospital at 11:30 pm on Monday 5 Dec 2016 after suffering cardiac arrest . Jayalalithaa was 68 years in age. Jayalalithaa  shot to iconic status first in the glamorous world of Tamil films, and then in the male-dominated rough and tumble of Tamil politics. Comprised equally of triumphs and travails, setbacks and comebacks, her political career saw her rebound from corruption cases and rise to the chief ministership of Tamil Nadu four times.Because she strode so tall over her party and state her passing leaves a gaping void ­ and great uncertainty about how it will be filled. Jayalalithaa along with Mayawati, Mamata and Jayalalithaa, were not only in control of the political destiny of people of their states but they are also shaping the future of Indian politics. This article talks about Jayalalithaa Assets, What will happen to her assets as she left without will, Her timeline, freebies that Amma provided, The Disproportionate Assets case and wedding of her foster son..

Jayalalithaa Assets

Jaya didn’t leave a will: So, who’s the legal heir? Will her political heir apparent Sasikalaa Natarajan stay put in Veda Nilayam or will Amma’s niece Deepa Jayakumar and her brother Dipak stake claim? Or will history repeat itself as in the case of Jaya’s mentor M G Ramachandran, whose house in Ramapuram, Chennai remained mired in legal disputes decades after his death?

AIADMK supremo and Tamil Nadu Chief Minister Jayalalithaa declared assets worth Rs 113.73 crore as on April 2015. This was Rs.3.40 crore less than what she had declared the previous year. The AIADMK leader has filed income tax returns upto the assessment year 2015-16 and assessments have been completed up to 2013-14.

Movable and immovable assets : She has movable assets, total value of which is Rs 41.63 crore and immovable properties valued at Rs 72.09 crore and the total value is Rs 113.73 crore, according to the affidavit filed by her to contest from Radhakrishnan Nagar Assembly constituency.

Cash : She has Rs 41,000 cash in hand, listed Rs 2.04 crore as liabilities and declared agriculture in the profession-occupation column.

Investment and shares :In the column on investment in companies, she said “various deposits and shares with companies have been seized by the police and with the custody of the court in case relating to Spl.C.C.No.208 of 2004 on the file of 36th Additional City Civil and Sessions Court, (Special Court) Bengaluru.” The reference is with regard to the disproportionate assets case against her.

Residence, property and commercial buildings :

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