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Showing posts from May, 2016

ICICI Prudential Capital Protection Oriented Fund

 IC ICI Prudential Mutual Fund has launched ICICI Prudential Capital Protection Oriented Fund -Series X. The scheme will invest a portion of the portfolio in highest rated debt securities and money market instruments.   To provide capital appreciation, it will also invest in equity and equity related securities.The minimum investment required is `5,000 and the fund offer closes on 3 June. ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) Fund 9. Religare Tax Plan 10. Birla Sun Life Tax Plan Invest in Best Per

LIC Flexi Plus Review

  Life Insurance Corporation (LIC), a well known name in the insurance industry has again come up with new insurance plans. LIC introduced two insurance policies with the name Flexi Plus and New Jeevan Nidhi in the beginning of the year 2013. Talking about LIC Flexi Plus policy, it is a unit linked policy which offers the benefit of both insurance and investment. Being a unit link plan, this policy offers you a good mix of protection and long term savings under a single integrated plan. This type of policies offers death benefits + maturity benefits irrespective of survival of the policyholder. Which means in case of death of policy holder nominee will get both death benefit i.e the sum assured + maturity benefit i.e the investment part of the policy. So lets have a look at the other features of Flexi Plus   insurance   plan and see is it worth investing in this policy or not. Policy Term   :-   The minimum time that you can choose to invest in this policy is 10 years which can go u

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing

Medical Cover From Life Insurance Companies

Medical Cover From Life Insurance Companies   Life insurance companies , too, have started offering health plans. Most of these are, however, defined benefit plans - the pre-specified amount which is the sum insured is paid as compensation, irrespective of the actual amount of expenses incurred.   Also, these are long-term, having a fixed premium for, say, three, five, or even 10 years. If you opt for a good combination of basic mediclaim, family policy and a critical illness plan , then these are not needed. ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP Black

Gold Loans Eligibility

Apply for Gold Loans Online    Gold Loans Eligibility Determinants of Eligibility for Education Loans Age of the Applicant Minimum 18 years of age What Gold Can One Borrow Against Gold ornaments with karatage in the range of 18 to 24 karats Specially minted gold coins sold by banks with a weight of upto 50 grams One cannot borrow against gold coins, gold bars, gold funds (gold Exchange Traded Funds) and specially minted gold coins of banks weighing more than 50 grams Maximum Loan Amount Maximum amount varies from lender to lender Majority of lender banks fund up to 25 lacs For existing customers with a good credit history, some banks may provide loans up to Rs 1 crore Rate of Interest Currently, 12.5%- 26% depending on tenure, loan size and loan to value (LTV) ratio Most gold loans are on a fixed rate basis, which means that the interest rate charged remains fixed over the loan tenure State Bank of India (SBI) and Federal Bank now offer floating rate gold loans benchmarked to their bas
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