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Showing posts from September, 2017

Getting a forex card

  How to Obtain a forex card A forex card is a safe option to carry while travelling abroad. It also protects against exchange rate fluctuations during the travel period. It is very easy to obtain a forex card and it can be bought from any authorised dealer or bank. Form A prescribed form must be filled by the traveller. This can be downloaded from the bankdealer website or from the nearest branch. Some banks also provide for online application for forex cards. Type of cards A multi currency card allows more than one currency to be loaded. A student card bundles insurance and discounts on educational material. Choose a card according to your requirements. Information Personal details of the traveller, dates of travel, passport number, PAN, types of foreign currency to be loaded on the card should be filled in. Amount of forex to be loaded should be mentioned in the form. Fees A card issuance fee may be charged by the bank at the rates prescribed from time to time. Documents The applica

Strategic Asset Allocation (SAA)

  SAA is a portfolio building method which is completely aligned to investor objectives (return) and constraints (risk). SAA involves detailed assessment of an investor's goals and their preferences toward risk through discussions and questionnaires. It is usually implemented by determining the risk and return profile of the investor and assigning a model portfolio that reflects their preferences. SAA involves periodic rebalancing resulting either from the shift in allocations due to performance of asset classes over time or change in investor needs leading to changes in desired allocation. Asset class selection does not take into account any positive or negative views of asset class performance in the near future. Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich For further information contact  SaveTaxGetRich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [d

Tax Saving with Aditya Birla Sun Life Balanced Advantage Fund

Aditya Birla Sun Life Balanced Advantage Fund (An Open ended Asset Allocation Scheme) not only offers a balanced approach to investments but also provides equity taxation benefits on investments. This fund is structured in a way that the minimum exposure to equity is at 65% which allows the fund to be eligible for tax benefits under Equity on the entire amount invested after 1 year of investment. (Holding Mutual Fund investments in equity oriented funds for more than 1 year classifies it under the Equity category hence the outcome being Long Term Capital Gain or Long Term Capital Loss which is not taxable).

UTI Short Term Income Fund

  UTI Short Term Income Fund seeks to generate steady and reasonable income, with low risk and high level of liquidity from, a portfolio of money market securities and high quality debt with maturity upto 4 yrs. With one- and three-year returns of 10.12 per cent and 9.67 per cent, the fund has displayed an exceptional consistency in performance over two full rate cycles. Over three years, the fund has beaten its benchmark by a considerable 60 basis points and the category by 72 basis points. UTI Short Term Income Fund actively juggles weights between sovereign debt, AAA and AA corporate bonds, commercial paper and call-money exposures to manage reasonable returns. The fund's relative weights between these instruments have been very dynamic.   UTI Short Term Income Fund is active with its duration, too, shifting it in the range of one-four years in the last one year depending on rate calls. This could explain its higher returns vis-a-vis the peers.   Invest Rs 1,50,000 and Save Tax

Hgh Return Investment Plan to maximize Wealth for NRIs

    Start SIPs Online   NON RESIDENT INDIAN (NRI) …. Let's talk about you and India. Are you an NRI? The answer is YES, if you are an Indian citizen having an Indian passport and is staying out of India. Whatever reasons being it a job or business or education or even for any other reason you have to stay out of India for more than 6 months, then according to definition of NRI you can be categorized as a Non Resident Indian or an NRI. Ok that's great, but what if I am not holding an Indian passport, but my father or mother is? No worries, then you become a Person of Indian Origin (PIO). If any of your ancestor was an Indian citizen by virtue of the Citizenship Act of 1955, and you have the document to prove it then you can be issued a PIO card. Your grandfather or great grandfather (not being a citizen of Pakistan/ Bangladesh / Sri Lanka / Afghanistan/ China / Iran / Nepal or Bhutan) but has Indian origins then you are entitled to a PIO card. A PIO card holder does not need to

How Does SIP Work?

  How Does an SIP Work? Systematic Investment Plan (SIP) is the buzzword among investors who are pouring in close to `5,000 crore into equity mutual funds through the SIP route every month. Experts say an SIP is the most effective way of investing, especially for retail investors. Let's find out more about SIPs and how they work. 1. What is an SIP? An SIP is a specific amount, in vested for a continuous period at regular intervals, generally on a monthly ba sis. Using this method, an investor buys units of a scheme at a pre-de cided frequency . SIPs, which help investors take part in the stock market, obviate the need to time the market, and also bring a disci pline to their invest ment methodology . 2. When can I start an SIP? In an open-ended mutual fund scheme, you can start an SIP any time you want. Just fill up the application form along with an SIP mandate and submit it to the point of acceptance. It generally takes 10-30 days for the bank to reg ister your SIP mandate and s

PRINCIPAL GROWTH Fund

PRINCIPAL GROWTH Fund has no market-cap bias but, currently, it has a higher tilt towards mid-caps compared to its peers. The fund manager adopts a strict bottom up stock selection approach with no sector calls. He prefers firms which are dominant in their sectors with earnings profile that beat the sector as well as market expectations. The portfolio is heavily diversified with a long tail as a result of a conscious approach to distribute risk thinly across stocks with lower market-cap. PRINCIPAL GROWTH Fund top bets are index heavyweights, but the portfolio construction is benchmark agnostic. The fund's longer-term track record is not impressive, but it has put in a strong showing in recent years, making it a worthy candidate in the flexi-cap category. Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich For further information contact  SaveTaxGetRich on 94 8300 8300 OR You can write

Invest in Mutual Funds to earn more

  Bank Deposit Rates are cut Many individuals are concerned about more banks following the example set by State Bank of India BSE 0.71 % and reducing interest on savings bank deposits and fixed deposits. Many of them, especially retired folks who bank on interest income to take care of their living expense, believe that further reduction in deposit rates are likely to put their finances under severe strain.   The public sector leviathan cut interest rates on savings bank deposits by 0.50 per cent on Tuesday. The move, coming two days before the Reserve Bank of India's monetary policy review, probably heralding a change in savings bank deposit rates, as many large banks take cue from the public sector major. A rate cut by RBI tomorrow may result in cuts in term or fixed depoists, too. But should investors be worried? Well, a little bit may be, but not more that that. To begin with, one should not keep a lot of money in savings bank ac

SBI Magnum Balanced Fund

With markets recording new peak almost every day, there is a great deal of caution among retail investors. Some are worried about an imminent fall while there are many who believe that strong liquidity in markets may arrest any fall. For those who are worried, investment in balanced schemes are a good option. Balanced schemes provide reasonably good exposure to equities and debt. Among balanced schemes, SBI Balanced Fund has given encouraging performance in the past three-year and five-year periods in comparison with its peers and benchmark index. SBI Magnum Balanced Fund scheme has given 14.7% and 19.2% returns in the past three-year and five-year period, respectively, while its peers have given 14% and 16.6% returns in the same period. On the equity side, the scheme has healthy exposure to large cap and mid-cap companies . On the debt side, the scheme has good exposure to government and AAA-rated securities. Long-term investors can consider investing in the scheme with a time ho
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