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ABC of SIP Mutual Fund Investing A : Act early Give your money time to grow. See the example below it is self-explanatory. if your goal is to Save around 14 Lakh rupees for a goal which is 30 years ago. Let’s assume the rate of return is constant 12% per annum compounding. Here is what will happen if
BSNL, MTNL merger likely by July next year Another telecom giant in the making. Link: http://economictimes.indiatimes.com/industry/telecom/bsnl-mtnl-merger-likely-by-july-next-year/articleshow/41933897.cms Conditions apply however “The deadline of June-July 2015 has not been officially commissioned to the organisation but the merger is likely to take place in the time frame,” BSNL Director (consumer mobility) Anupam Shrivastava told PTI. Refer to the story
Steps to Financial Nirvana / Independence Step 1 to Financial Nirvana / Independence: Create an Emergency Fund This is needed to take care of any Financial emergency Medical Job Loss Unwanted Travel Sudden breakdown of a machinery like Car, TV etc. Sudden loss of un-insured items like theft of cell phone etc… Step 2 to Financial Nirvana / Independence :
Wishing all of you a very happy Independence day 2014. Watch some key events that have shaped India since 1947.
Off late I am seeing lot of spam SMS in my inbox asking me to take advantage of the enhanced income tax 80 C limit in the latest budget to Rs. 150000/- . On a recent visit to bank I was again reminded of the enhanced 80C limits by my relationship manager. Before you respond to such messages take a
New Fund Offer: UTI-Focussed Equity Fund-Series I (1100 days) (A Closed Ended Equity Scheme) The product is suitable for investors who are seeking*: Long term capital growth. A close ended scheme that aims to provide capital appreciation by investing in equity and equity related securities High risk (Brown) *Investors should consult their financial advisers if in doubt about whether the
The Times of India today reported a story titled Flats booked but no land in NOIDA. The managing director was arrested but in his defense he says he started selling it since he had made advance towards purchase of the land. The police in the investigations found no proof for advance made towards land purchase while the builder had collected
Buying-a-Term-insurance-Plan-is-just-half-the-job – Half Baked Financial Plan So what do you find missing in the picture above. Moustache and shirt are half of what it should have been. Similar is the condition of financial plan of most of the people I meet. It is unfortunate to see that their death is necessary for the plan to succeed. With enough focus on
Invest up to Rs. 2.35 lakh and save income tax u/s 80C and 80D Section 80C (up-to Rs. 150000/-) Life Insurance Corporation of India (LIC of India) Life insurance premiums are exempt under section 80C All maturity returns are also tax free. We offer all LIC of India policies Equity Linked Savings Scheme (ELSS) Investments in ELSS mutual funds are
All you wanted to know about KBC scam Last year in 2013 Saradha scam rocked the parliament. This year another Ponzi scheme known as the KBC scam has been raised by the BJP MP Mr. Kirit Somaiya during the zero hour on 17-July-2014. The allegation was that a company called KBC Multi Trade Pvt. Ltd. / KBC Club and Resort
What is Inflation? Wikipedia Defines Inflation as: In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. This post attempts to define inflation rates in simple words and provides you on tips to compute future value of a good or service. What is inflation in very simple words? Inflation in very simple
LIC to invest Rs2.25 trillion in markets this fiscal State-owned insurer seeking to tap a potential upturn in economy after presentation of budget on 10 July Read More Directly on livemint.com
Income Tax slab for the Assessment Year 2015-2016 Finance Minister Mr. Arun Jaitley in his maiden budget speech on 10-JULY-2014 announced changes in the Income Tax slab for the Assessment Year 2015-2016 / financial year 2014-2015 . Please understand these tax slabs to come up with your income tax liability. Income Tax for Individuals up to 60 years of age
Budget 2014 Our finance minister Mr. Arun Jaitley presented the budget on 10-JULY-2014. Here is a quick note on some provisions from the budget 2014 that affect personal finance. Some provisions of the budget 2014 that affect personal finance Basic income tax exemption on income tax increased from Rs. 2 Lakh to Rs. 2.5 Lakh. That means anyone in the
Internal Rate of Return (IRR) on Life Insurance Corporation of India (LIC of India) Policies LIC of India is one of the favorite investment destination for Indians. Each year LIC collects more money into its endowment plans compared to all other insurance players in the market. The popularity of LIC of India’s plans are such that LIC collects most
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