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Showing posts from November, 2011

HDFC Standard Life Pension Maximus

HDFC Standard Life Pension Maximus is a single premium pension plan with policy term restricted to 10 years. Adhering to IRDA norms, the scheme offers guaranteed returns based on RBI's reverse repo rate, which is calculated as simple interest on the gross premium amount at the end of each financial year. The company has offered a minimum guaranteed interest rate of 5.44% per annum (pa) for FY12 subject to a maximum of 6% pa. At the end of the policy term, the policyholder is entitled to receive either the guaranteed returns or the fund value whichever is higher. However, in case of the death of the policyholder during the term of the policy, the nominee shall be entitled only to the fund value plus a fixed amount of sum assured. Unique Feature Pension plans, usually, do not offer any sum assured to the policyholders. HDFC SL Pension Maximus, however, offers a fixed sum assured of 1,000 to the nominee of the policyholder along with the fund value in the event of the death of the p

Take SIP route of Investment during this volatile stock market

  THE usefulness of a systematic investment plan ( SIP ) is clearly visible at regular time intervals. Often, it is during tough times, when one is able to appreciate the benefits that an SIP provides and how this can be effectively utilised by the investor to build a strong financial position. Here is a look at some of the conditions when this route would be useful for making investments. Large amount to invest: One situation that the individual has to encounter is where they have a large amount to invest but they actually are not very confident about investing the amount. This happens due to the fact the investor wants to ensure that there is a low initial risk present on their investment. There is a large risk in making a one-time investment, as a sudden change in the situation from the time the amount is invested, could result in a large loss that is unaffordable. So, if a person has Rs 25 lakh to invest and they want to invest into equities, then they would not like to come

What you need to know about Health Insurance Portability ?

What does 'Health Insurance Portability' mean? Health Insurance policy holders, who are not satisfied with the services of the present provider, will be able to switch/change their service provider without losing the basic coverage of health insurance. As per IRDA portability rules, consumers will get credit for the time already spent for covering the pre-existing disease along with bonus accrued to him from his past insurer. What all benefits you can shift under 'Health Insurance Portability'? Health Insurance Portability allows you to shift from one health insurance provider to another, without having to lose any of the benefits that your current health insurer provides. It includes - 1. The credit from the waiting period already completed can be carried forward to the new insurer. 2. Any bonus accrued to him (insured) from his past insurer. 3. The new insurer will provide some cover, at least up to the cumulated sum assured in the old insurance policy. What happe

Bond prices are up because of Insurance buying

  BOND prices rose slightly as insurers made their purchases taking advantage of the high long-term yields. Traders say among the insurers that made the purchases include LIC. LIC's purchases are mostly made through switches. Such switches imply that short-term bonds are sold and long tenure bonds are bought. Besides, some banks and funds also remained buyers on the back low credit demand and swelling deposits. The purchases pushed up the price of the 10-year benchmark bond, the 8.79 per cent coupon security falling due in 2021, to Rs 99.71 (face value Rs 100) translating to a yield of 8.84 per cent last weekend. Previous weekend the security had ended at 8.96 per cent. Long-term yields for maturities above 10year, were above 9 per cent. The 29-year security, the 8.4 per cent coupon, falling due in 2040 was priced at Rs 91 that translated into a yield of 9.2 per cent. This was a particular favourite for insurers like LIC, who have long term liabilities. Quantum's

ELSS will lose appeal once DTC is effective

  THE coming few months will see the relevance of a category of mutual funds coming to an end. This category is the equity linked savings scheme, also known as ELSS , because the introduction of the Direct Tax Code ( DTC ) will leave no room for its existence as a tax-savings instrument. The question that investors have to deal with is what they should do with their existing investments and how they will be affected if they put money into these ELSSs over the next few months. Let's take a look at the overall situation. ELSS is a category of funds that provides a tax deduction for the investments that are made in the fund. Under Section 80C of the Income Tax Act, there is a deduction of up to Rs 1,00,000 that is available for investments in various instruments and ELSS is one instrument that is included in the list. The reason why several investors find this an attractive route to invest is that there is a tax deduction, and, at the same time, there is also the possibility

Section 80 CCF Tax Saver Infrastructure Bonds for 2011 - 2012

Following issues are expected this year: 1. LIC Infrastructure bonds. 2. PFC Infrastructure bonds. 3. IDFC Infrastructure bonds. 4. L & T Infrastructure bonds. 5. IIFCL Infrastructure bonds. 6. PTC FINANCIAL SERVICES . 7. REC Infrastructure bonds. 8. IFCI Infrastructure bonds. Download application forms for L&T and IDFC Infrastructure Bonds for year 2011 – 2012. http://www.slideshare.net/PrajnaCapital/idfc-long-term-infrastructure-bond-tranche-1-application-form http://www.docstoc.com/docs/105113341/IDFC-Long-Term-Infrastructure-Bond-Tranche-1-Application-Form http://www.slideshare.net/PrajnaCapital/lt-long-term-infrastructure-bond-tranche-1-application-form http://www.docstoc.com/docs/105109827/L_T-Long-Term-Infrastructure-Bond-Tranche-1-Application-Form ----------------------------------------------------------------- Also, know how to buy mutual funds online: Invest in DSP BlackRock Mutual Funds Online Invest in Reliance Mutual Funds Online Invest in HDFC Mutual Funds Onl

Gold Silver ratio helps to predict the price pattern

GOLD-silver ratio, which denotes how many ounces of silver are needed at a given point of time to buy an ounce of gold, is a handy tool to understand the direction in which the two volatile metals may move in the near future. The ratio can help an investor to switch his holdings to gold or silver as the ratio moves up and down, thus, accumulating more quantity of both the metals. The ratio shows how many times more expensive gold is to silver. Typically, the ratio moves in a pattern, and in normal circumstances, it helps predict which direction the prices shall move in the near future. Between 1950s and 1980s, the gold-silver ratio has largely moved between 20 and 50. In 1980, however, it touched 100, when global economies were trying to contain inflation and were selling their gold reserves. In 1990-2000, the ratio largely remained stable. In the past decade, the ratio has been moving gradually, but consistently lower. The median point has remained at around 54. At the start

IDFC Tax Saving Infrastructure Bonds Tranche 1 Application Form for section 80CCF

Download application form for Infrastructure Bond for year 2011 – 2012. http://www.slideshare.net/PrajnaCapital/idfc-long-term-infrastructure-bond-tranche-1-application-form These Bonds are Tax Saving Infrastructure Bonds . By making investment of Rs 20,000 in Infrastructure Bonds, you can avail tax exception under Section 80CCF. Section 80CCF is in addition to Investment of Rs 1, 00, 000 that you can make under Section 80C and Rs 20,000 under Section 80D and Section 80E for Education loans of the Income Tax Act. Find a collection canter: Collection canter near you Documents Required: 1) Filled Up Application 2) Copy of the PAN card (Self-attested) 3) A Cheque in favour of the 4) KYC Documents: Self-attested copies of the following documents are required to be submitted by the Applicants as KYC Documents: a. Proof of identification for individuals: Any of the following documents are accepted as proof for individuals: Ø Passport Ø Voter's ID Ø Driving Licence Ø Governm

Motilal Oswal MOSt 10-Year Gilt Fund (MOST10)

Interest rates seem to be nearing a peak in India. It throws open opportunity to invest in long-term bond funds, say experts. Motilal Oswal Asset Management Company has unveiled Motilal Oswal MOSt 10-Year Gilt Fund (MOST10) to try to make the most of this opportunity. This is an open-ended debt mutual fund scheme that will invest in government securities. The fund manager invests 90% to 100% of the money in 10-year benchmark government securities. The fund manager can invest up to 10% of the money in government securities maturing in 7-12 years. The fund will be a passively managed fund. It can be seen as a vehicle for investors trying to benefit from interest rates. Most10 does away with the fund manager risk – the possibility of fund manager taking a wrong bet on government securities. Instead, it will invest in the most liquid security among government securities, where there will be little default risk. The NAV movement of the scheme will be married to the price movement of the
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