Author: admin

Dec 25

Your  Current Financial Advisors like -That Intellectual Friend.. -That Free Website.. -The know-It-All Uncle.. May Never Make You Wealthy
Oct 5

Roll over FMPs only if you don't need cash

Akhil Mittal, senior fund manager of Tata Asset Management says that investors whose investments in fixed maturity plans (FMPs) are nearing maturity are shifting to other products, especially hybrid or balanced funds, instead of rolling over the FMP. Fund managers are seeing investors move to both debt and equity oriented hybrid funds. http://www.business-standard.com/article/pf/roll-over-fmps-only-if-you-don-t-need-cas..
Oct 5

Sebi plans to cut IPO timeline to just 4 days

The Securities and Exchange Board of India (Sebi) wants to cut the timeline for Initial Public Offers (IPOs) and Follow-on Public Offers (FPO) of equity to four days. The move, if implemented, will see companies close their offerings and list the securities in the same week. It will also attract more investor participation, as their […]
Feb 16

Sebi makes KYC process easier for investors

Making Know-Your-Client process easier for investors, Sebi today cleared a proposal to allow various market entities such as brokers and mutual funds to get investor details from centralised KYC agencies, rather than carrying out a fresh KYC verification procedure. Presently, there is an option available to a market intermediary that it may access the centralised […]
Feb 15

Top insurers eye HSBC's stake in Canara HSBC OBC Life Insurance

Leading life insurance companies such as HDFC Life, Birla Sun Life and ICICI Prudential have shown interest in purchasing HSBC’s stake in its three-cornered JV with two public sector banks. Two people with direct knowledge of the development said advisors to HSBC have approached the insurance companies, and the matter is under consideration.   http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/top-insurers-eye-hsbcs-stake-in-canara-hsbc-obc-life-insurance/articleshow/18507068.cms. […]
Feb 13

Difference between RGESS, ELSS and PPF

Comparision of RGESS with the top tax saving schemes available in India: RGESS ELSS PPF Eligibility Annual Income less than 10 lakh. None None Lock-in Period 1+2 3 years 15 Years Tax Benefits 50% (80 CCG) 100% (80 C) 100% (80 C) Maximum Investment for Deduction Rs.50,000 Rs.100,000 Rs.100,000 Minimum Investment NA Rs.500 to Rs.5000 […]
Feb 13

All about RGESS

Rajiv Gandhi Equity Savings Scheme (RGESS)   Who can invest in RGESS? New retail investors with an annual income of less than 10 lakhs. How much can I invest? The maximum amount eligible for claiming benefit under RGESS is Rs. 50,000. Tax Benefit Deduction u/s 80 CCG, is available on 50% of the amount invested. […]