tag:blogger.com,1999:blog-23826060244719454602023-11-15T20:36:00.049+05:30Personal Finance and InvestmentsMy blog is for indian investor. You may get advise/articles/messages here of Income tax for individuals,Mutual Funds,Insurance(Life & General),Estate planning, Loans etc.
The blogger/blog 'll not be held responsible for any financial or monetery loss to the person acting on the INFO provided in this blog as the content of this blog may be changed/updated any time by the blogger.Act on the info of this blog at ur own risk.Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.comBlogger71125tag:blogger.com,1999:blog-2382606024471945460.post-90609341272643973182011-09-26T04:44:00.000+05:302011-09-26T04:46:01.925+05:30Home Loan v/s InvestmentQ. I have a question regarding Payment of Home Loan vs. Investment. Should a person start a SIP for his retirement or should he plan to prepay his Home Loan first. Say if a person is having a Home loan of 30L and paying EMI of 30K and having a SIP of 10K is good option or having EMI of 40K is a good option, or having a 10K of reoccurring deposit for one year and with this amount prepay his loan Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-56595606648486815302010-08-18T18:13:00.005+05:302010-08-18T19:28:39.100+05:30ICICI Pru Life's Online Term Cover - I ProtectDear friends, Earlier it was Aegon Religare's I- Term, the lone player in online Term cover Market but now it has a companion from the big daddy of private life insurers in India - ICICI PRU Life. The product is named as I-Protect. Product at a glance -Minimum /Maximum Age at entry - 20 / 65 yearsPolicy Term - 10, 15, 20, 25, 30 yearsMaximum age at policy expiry - 75 Years (Age completed BirthdayAsan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com5tag:blogger.com,1999:blog-2382606024471945460.post-50833760649719551352010-08-16T14:33:00.002+05:302010-08-16T14:43:28.838+05:30How to clear name in CIBIL Report?Hi,My name is Ritesh kumar and I requested for my CIBIL repot which I get and I found a “Written OFF” from Standard Charted Bank Credit Card for the amount of Rs 994/-. From 2005 to 2006 I was using a SCB Manhattan Credit card then I stop using the Card around 2006 last Q, but I continually receiving statement from the bank and every time there are some charge add and till Feb. 2006 the Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-65755403986581793812010-08-16T13:58:00.002+05:302010-08-16T14:01:43.717+05:30Life Cover may Got cheaperDear Friends, Please check the link below. http://www.business-standard.com/india/news/life-cover-may-get-cheaper/404663/ ThanksAshalAsan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-91804399811391827352010-07-12T09:12:00.003+05:302010-07-12T09:18:18.864+05:30Income Tax saving - Infrastructure BondsCBDT has notified New infrastructure Bonds u/s 80CCF.An Individual or HUF can invest in these new infrastructure Bonds upto Rs 20000/- in a Financial years.Main features of this new section and new notification is given belowNew section can be availed by individual or HUF only.20000/- rs can be invested in a Financial year to avail deduction under section 80CCF20000/- Limit is in addition to Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com4tag:blogger.com,1999:blog-2382606024471945460.post-13735644933678292152010-07-07T16:24:00.001+05:302010-07-07T16:27:56.302+05:30Annuity Payment options against Pension PolicyPlease guide me as to how to decide about selection of proper option from the following options offered by Pension Plan :1. annuity as long as one annuitant lives2. annuity guaranteed for 5, 10, 15 or 20 years and life thereafter3. annuity with return of purchase price to nominee4. annuity payable for life increasing at a simple rate of x% - Vinayak Bapat Dear Vinayak, each of the option listed Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com1tag:blogger.com,1999:blog-2382606024471945460.post-18649393561000259892010-07-03T19:12:00.000+05:302010-07-03T19:13:09.151+05:30Set off of LTCL from Shares against LTCG of Debt FundsSix Tata Steel preference shares (FV Rs 100 each x 6 = Rs 600) were converted into one equity shares on 01 Sep 2009 by Tata Steel @ Rs. 417.10 (Equity Share closing price on 01 Sep 2009). Earlier the preference shares were alloted on 22 Jan 2008. Thus there is long term capital loss of Rs. Rs 600 - 417.10 = 182.90. Since this was done off market, no STT was paid. Is it right to consider this lossAsan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-83281097963430882102010-06-20T10:37:00.002+05:302010-06-20T10:40:00.406+05:30To 'Default' or 'Not To Default'Dear friends, here is an interesting article on the subject of Govt. debt. Although it's not directly related to us, as the subject matter is the US Govt. but in a sense it's applicable to any govt. in the world.So read & enjoy.http://johntreed.com/default.htmlThanksAshal Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-14032774302507644472010-06-20T08:45:00.003+05:302010-06-20T08:50:31.780+05:30Should I redeem my MFs before DTCSir,In DTC,LTCG is likely to be taxable,may be @5% or 10%.I have investments in funds like R.Growth,H Top200,D Top100etc for last, say about five years.Should I redeem & then reinvest to avoid tax.Should I switch from R.Growth to RSF Equity?Kindly reply in detail.Thanks,urs sincerelyLcbansal Dear Dr. Lal, First of all. Plz. note these are mere proposals not the act as of now for DTC. The Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-89073092074215970872010-06-16T16:53:00.001+05:302010-06-16T16:56:08.731+05:30Revised ZProposals of Direct Tax codeDear Friends, here is a quick view of the new proposals of Direct Tax code.1. PF, PPF, GPF, EPF, NPS & Annuity Plans as well as proceeds from Term plans (Pure Life insurance) 'll be Tax free as per E - E - E. So no Tax at withdraw from these instruments.2. Home loan Interest benefit on 1.5L Rs. for self occupied property, is retained.3. The list of permitted savings intermediaries now Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com1tag:blogger.com,1999:blog-2382606024471945460.post-82553334084562564922010-06-15T19:44:00.001+05:302010-06-15T19:46:09.339+05:30Reliance Infrastructure Fund (D)Hii have invested in Reliance infra fund (D) now my 1 yr locking going to over... but return is not good....plz guide me shall i continue to hold or do STPif i do STP then give me better fund name of Reliance grp for STP... i have invested 5K in reliace infra fund....ThanksCshahDear Cshah, In the light of under-performance of Rel. Infra fund, my choice 'll be to switch your money to Rel. RSF EqAsan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-6630836856221791762010-06-14T15:39:00.001+05:302010-06-14T15:43:54.147+05:30Investing for Daughter's marriageI' m long term invester through mf via sip n top up time to time when market got corrected 5-6 pc from high i have --rel growth rel.regular saving hdfc top 200 Hdfc prudance birla front n mid cap mainly n one sectorial fund rel banking i m 50 years old n have invested in mf since 2004-5 till i have invested 14L n have handsome gain today i need my money after 4 -5 years for my daughter's marriageAsan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-68715015809990839152010-06-14T15:25:00.000+05:302010-06-14T15:28:05.265+05:30Investment by huf in post office schemes like nsc and kisan vikas patraI understand that Huf can claim deduction U/s 80 C for nsc. But post office accept applications from individual only. More over now copy of Pan card of applicant is required .Now to claim deduction whose Huf`s Pan card or Karta` s pan card is to be submitted.ThanksGuestDear Friend, Plz. note, now a days only individuals can apply/purchase NSC & KVPs.HUF under it's own name can't invest.If a Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com1tag:blogger.com,1999:blog-2382606024471945460.post-585592677720851942010-06-14T15:17:00.001+05:302010-06-14T15:20:57.278+05:30How to buy a housePlease suggest me how to buy a house within next 2 years about 35 -40 lakhs cost. How much do I have to invest monthly and which modalities? I am a 35 year old lady and earn about 1 lakh/month, no dependents, have LIC and mediclaim.ThanksMaitriceeDear maitricee, If you can save 50K Rs. per month from now onwards for next 2 years, the basic principal amount with you 'll be 24m*50k = 12L Rs. Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-7097387129964782802010-06-12T13:16:00.001+05:302010-06-12T13:20:16.811+05:30Tax liability on the sell of a Gifted propertySir, At what rate will the sale amount of a freely gifted residential land property by one real brother (who owned it for nearly 20 years ) to another brother (Registry also done in his name last year at the time of gift) suffering from malignant grade 4 brain cancer will be taxed if he has to sell it within 3 years of gift being given? Will the holding period of both the brothers will be Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-69790423632844581372010-06-12T11:34:00.001+05:302010-06-12T11:36:57.861+05:30Need Insurance HelpLast year i purchased three LIC policies, LIC Endowment policy, Jeewan Surabhi & LIC money back policy. I paid a premium of around 50000 & they gave me a cover of 14 lakh. It was also told to me that these policies will give me a return of 8%, but now a few of the experts suggested that these policies will just give a return of 4 to 5 %. What should i do. Shall i continue with these Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-19867919430171016542010-06-12T11:22:00.002+05:302010-06-12T11:26:16.894+05:30Accumulating gold for Daughter's marriageI am 32 years old and I have a daughter of 5 years.I plan to accumulate gold for her when she grows to 25.I used to by 10 gram gold and keep it in a locker from last 2 years , but thats of not much use and a bit risky.I have heard there are some MF schemes which has one unit as one gram of gold and the unit value varies as price of gold in market changes.Please advise me some best fund whereAsan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com2tag:blogger.com,1999:blog-2382606024471945460.post-73095881126168849002010-06-12T11:05:00.001+05:302010-06-12T11:15:17.387+05:30Mutual Fund Portfolio readjustmentI am 45 years old and I have purchased mutual funds as advised by friends without proper guidance of professionals with lack of knowledge. so please do needful assistance for proper portifolio.My risk tolerance is moderateSIP Investments:Sundaram Capex oppourtunities fund Rs.500/-Reliance Growth fund Rs.500/-Reliance diversified power sector Rs.500/-HDFC Top 200 Rs.500/- and HDFC equity fund Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-11970360665191810752010-06-05T10:54:00.001+05:302010-06-05T10:56:33.899+05:30Tax implication on SEBI IPO Reallocation PaymentQ. - In April 2010, I received payment through ECS, through TSR Darashaw, as payment for SEBI IPO Reallocation Amount, as SEBI identified me as an unsuccessful applicant in one or more IPOs covered under inquiry.Pls. advise, what are the tax implications, on this payment?Is it to be considered along with normal income or LTCG / STCG?Pls. advise,Pratik N. shahAns. - Dear Pratik, In my view the IPOAsan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-52746474188028465972010-06-05T01:46:00.006+05:302010-06-05T10:49:43.872+05:30Financial calculators available on WWW.JAGOINVESTOR.COMDear friends, here is the link for financial calculators, available on the website www.jagoinvestor.com. Plz. check these financial calculators at least once.http://www.jagoinvestor.com/calculators/html/Calculators-List.htmlMr. Manish the owner of the site has done really a good job.I'll urge to all of u to visit at least once to his site & get the benefit of his work.ThanksAshalAsan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-75603581863812644082010-06-05T01:27:00.003+05:302010-06-05T01:31:05.804+05:30My recent posts on Outlook Money Facebook boardsDear Friends, here r some of my recent posts on OLM FB Board.http://www.facebook.com/group.php?gid=107180401906&v=app_2373072738ThanksAshalAsan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-38193423213327208162010-06-04T11:35:00.002+05:302010-06-05T00:44:53.973+05:30Want to take home loanDear Friends, here is the link for my latest discussion on outlook money financial planning facebook board. It's about home loan.http://www.facebook.com/#!/topic.php?uid=107180401906&topic=14663ThanksAshalAsan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-12079548762667198252010-05-11T01:45:00.006+05:302010-05-20T22:05:22.071+05:30Financial Plan for a real lifeDear Sk, as I promised ur Financial plan is ready & given below. Mr. X (SK), an Ex Indian Navy man, is currently working as an Electrical Engineer in a pvt. Shipping co. belongs to a small city in South India. Family consists of his wife Mrs. Y, & a Daughter Baby Z. On his request, a detailed analysis of his present financial condition was done. The result of analysis & corrective Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0tag:blogger.com,1999:blog-2382606024471945460.post-26738270705448801532010-04-23T00:13:00.001+05:302010-04-23T00:15:02.357+05:30ULIP v/s Term + PPF comboDear Friends, I tried to generate a BI on LIC website for their Money Plus - I plan for the following data but I'm unable to generate the same.Age 30MalePolicy term 25YPrem. amount 50K ylySum assured 15LFor the same person, I generated a quote from LIC Anmol Jeevan Term plan, the prem. in this case comes 5732. Now instead of investing the remaining prem. of 44268 Rs. in a MF, I opted to invest inAsan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com2tag:blogger.com,1999:blog-2382606024471945460.post-47333314981377491242010-03-13T01:33:00.004+05:302010-03-13T01:39:02.825+05:30Tax rate on Long Term Capital GainsQ. If my only income is property (NormalMale)L.T. Gain-3.5 lac for Ast. Y.09-10,what rate be taxed.Whole @20 or for 3.00-lac@10% & for Bal.50000/-@20%? - Mohit guptaAns. Dear Mohit, Here I assume the gain amount of 3.5L Rs. is indexed gain amount. If not calculated already plz. calculate the same. Now comes the question of tax rate on ur indexed LTC gains. Plz. note as ur only source of Asan Ideas for wealthhttp://www.blogger.com/profile/13617534229010472010noreply@blogger.com0