Compliance to KYC (Know your customer) has been a compulsory process for mutual funds. Once an individual does a KYC formality mostly at the time of buying his/her first fund, the same status will be valid across all mutual funds. There are multiple KRA (KYC Registration Agency) that are maintaining your KYC compliance status. Registering with one is enough to
One common question that comes to mind of income tax payees is what are the scheme that allow investing on their dependents name. This blog aims to summarize that for you. While you can invest on your dependents name not all schemes will be eligible for income tax exemption. Please go through the following table. Is investment made on dependent’s
Cost of delay in Retirement Planning The question is not that “Do You need a retirement plan?” the question is “When are you starting to invest in a retirement plan?” We all retire someday no matter what the profession, even business owners retire someday. To have a peaceful retirement one needs to start as early as possible. You need time
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
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
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
The Mutual Fund SIP Showdown for FY. 2013-2014 Mutual Fund investments are subject to market risks, read all scheme related documents carefully.Past performance of the Mutual Fund is not indicative of the future performance of the Scheme. This article is not intended to be used as an investment advice. Data till end of 31-MAR-2014 Data Source:NJ India Invest Pvt.
Jo Dar Gaya Samjho Mar Gaya Read the story of how Jai and Veeru reacted to market situation. Click now to find out who benefited more! People who get scared of Equity Mutual Funds usually loose money.
You might have often heard these terms Alpha and Beta on finance websites or on finance news channels on television. What do they mean? Here is a very simplified meaning of these two terms for a common person. REMEMBER THIS: Choose a Fund with high Alpha value(much higher than 1)to get better returns Choose a Fund with small beta value(much
Fixed maturity plans lose sheen; ICICI Prudential withdraws scheme Fixed maturity plans lose sheen; ICICI Prudential withdraws scheme Read more at: http://economictimes.indiatimes.com/articleshow/27749651.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Mutual fund schemes that tripled money in 5 years Money Control Article on Mutual fund schemes that tripled money in 5 years http://www.moneycontrol.com/news/mf-experts/mutual-fund-schemes-that-tripled-money5-years_1053402.html
HSBC settles actor Suchitra Krishnamoorthi’s case Story of a Relationship manager at Bank and a high net worth individual.
करोड़पति ===> पुं० [हिं० करोड़+सं० पति] व्यक्ति जिसके पास कई करोड़ की संपत्ति हो। Start with big dreams and make life worth living. – Stephen Richards Most Indians dream of retiring Crorepati. Assuming 15% of annual returns do you know a small investment of Rs 500 per month can accumulate to around 1.5 Cr by the time a 21 year