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Showing posts from February, 2017

How to Get a consolidated statement for your Mutual Funds

 Consolidated Statement for your Mutual Funds   You can get the details of all your investments across fund houses and then upload them to our Portfolio Manager for in-depth analysis   A consolidated mu tual fund (MF ) account statement means that you can see all your MF holdings across fund houses in one statement. You may have an old MF investment through a distributor, whose details you may have forgotten. Or, you may have invested directly across schemes of various fund houses and are finding it cumbersome to get their details. You can get a consolidated account statement of all your MF investments at one place from specific websites. C omputer Age Management Services (CAMS) Pvt. Ltd had, in fact, initiated such a consolidated statement in 2008 for funds serviced by it. Subsequently, various registrar and transfer (R&T) agents have come together to offer a consolidated statement across all fund houses serviced by them. This service has been around since 2012. It can be v...

Why Health Insurance is Mandatory

  Buy Health Insurance Policy Online Let's face facts --- medical treatment is expensive! Not only are medical costs high, inflation is also rising. There is already huge financial pressure on citizens and a trip to the hospital is only going to make their financial problems worse. To save us from extra financial burden we should have health insurance. And just like car insurance, health insurance should be made mandatory by the government. So let's examine the reasons why people must have health insurance. The Benefits: Financial security: The most important reason for mandatory health insurance is to reduce the pinch in one's pocket should you or a loved one need to be hospitalised. When a person has health insurance, she doesn't have to worry about having enough cash for her treatment. The insurance policy will reimburse her and thus save her from financial turmoil. The cashless facility also gives an added benefit of not needing to gather funds during a medical eme...

Sundaram Banking & PSU Debt Fund Merger with Sundaram Flexible Fund Short Term Plan

Sundaram Mutual Fund   has proposed to merge   Sundaram Banking & PSU Debt Fund   with   Sundaram Flexible Fund Short Term Plan on March 17, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave your comment with mail ID and we will answer them OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com OR Call us on 94 8300 8300 ------------------------------ ------  

Reliance Diversified Power Sector Fund Dividend

Reliance Diversified Power Sector Fund - Dividend Plan has declared a dividend of Rs.3.25 per unit^ on the face value of Rs.10 per unit with the Record Date 17th February 2017 . NAV as on 13th February 2017 is Rs.33.6845 ^As reduced by the amount of applicable statutory levy. Pursuant to payment of dividend, the NAV of the Scheme will fall to the extent of payout, and statutory levy, if any. The dividend payout will be to the extent of above mentioned dividend per unit or to the extent of available distributable surplus, as on the Record Date mentioned above, whichever is lower. For units in demat form: Dividend will be paid to those Unit holders/Beneficial Owners whose names appear in the statement of beneficial owners maintained by the Depositories under Dividend Plan of the Scheme as on record date. All Unit holders under the Dividend Plan of the above mentioned Scheme, whose names appear on the register of unit holders on the aforesaid record date, w...

Sovereign Gold Bond (SGB) 2016 - 2017

Sovereign Gold Bond (SGB) 2016-17 Series IV has been announced and opened for subscription from 27 th Feb to 03 rd Mar'2017. The issue price of the Sovereign Gold Bond for this tranche has been fixed at by RBI at Rs.2,893/- (Rupees Two Thousand Eight Hundred and Ninety Three only) per gram of gold. The important points and process to be followed and the documents/information be maintained at our end: The cheque for investment in SGB should be in favour of "Yes Bank Sovereign Gold Bond Account" The sub-brokerage payable to our Business Associates for the business procured through Yes Bank is 0.75% gross on amount allotted (inclusive of service tax). "Know-Your-Customer (KYC) norms will be the same as that for purchase of physical form of gold. Identification documents such as Aadhaar card/PAN or TAN /Passport / Voter ID card will be required. KYC will be done by the issuing banks/Post Offices/agents.". All the Self attested KYC ...

ICICI Prudential Mutual Fund Dividend

ICICI Prudential Mutual Fund   has announced dividend under the following schemes: Scheme Dividend (Rs/unit) ICICI Pru FMP Series 72 370D Plan G-D 0.03611325 ICICI Pru FMP Series 72 370D Plan G Direct-D 0.03611325 The record date has been fixed as February 15, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave your comment with mail ID and we will answer them OR You can write to us at I...

Tax on Postal Savings Accounts

Interest from postal savings accounts is also taxable Interest income of up to Rs 10,000 , earned from all the savings bank accounts , either with a bank or banking company or with a cooperative society engaged in banking business, or a post office is exempt from tax After the government demonetized Rs 500 and Rs 1,000 currency notes, which formed about were about 86% of the cash in circulation, almost all of those notes, according to a Bloomberg report, have now found their way into bank and post office accounts . Due to the restrictions that have been imposed on cash withdrawals, substantial amounts of this money is likely to stay deposited for some time. While lack of cash is a problem, a silver liming is that the money in various accounts is earning an interest. It is mandatory for banks and post offices to give an interest of at least 4% per annum on savings accounts. But one must also remember that this interest is liable to tax. Interest earned from savin...
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