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Personal Finance
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Dear Friends. Like many, I lost quite a bit on the equity market. My Broker he says better to put all the little money in Savings in Fixed Maturity Plan. He says it will give guranteed 8%(Birla FMP) irrespective of the market. Incase the market goes up,it will be better than 8%. Is it true....
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Thank you Ranjan and Asanlanshu. I will do that by wednesday. Keepin touch. ...
In reply to:
Jeevan Suraksha
Posted by :
RANJAN
You have the option to continue or stop.
If you stop - your loss will be minimal.
If you continue - the loss suffered by you in the long run is huge.
The returns are pathetic. Create a corpus in diversified equity funds and then go for an immediate annuity scheme at retirement.
Your pension will be more than 3-4 times what the policy is likely to give. 
Tracked by: 0 Boarder
Dear vilu,
sure, it will be my pleasure.
Thanks,
Srikanth...
In reply to:
A question regarding MF commission
Posted by :
vilu
Dear Srikanth
Thanks a lot for all replies along with yours. The decision as to which funds is better always lies with the investors. I being in investor for long now, take my own decision on which fund I should select and which not. Then I look for any agent who can give me half the commission. Thus, I do not run the risk of giving my right of taking decision and selecting the MF to any agent. However, thanks a lot for your views and advice. Please do remain in touch.
Valentine
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dear babani,
I am sorry to say this, but the funds selected by your agent are not going to give you very high returns. Both the funds are Sector Funds and may be bogged down by Bearishness in that Particular Sector.
They already had great run in the past and repeatation of the same is not expected. Both the Power and Infrastructure Sectors have been hit by Interest Rate hikes and Raw Material Shortages. You are better off investing in Diversified Equity Funds as already suggested to you earlier.
Best of luck,
Srikanth Shankar Matrubai.
...
In reply to:
mf investment help
Posted by :
babani
dear kentmss and ashport
thanks for you advice it will help me immensely, as regards to time framr i can co upto 5- 8 yrs.
other than the aforesaid mutual funs i wanted to know about 2 mutuals which my agent has suggeted
1) reliance diversified power sector fund- gr
2) tata infrastructure fund - gr
whats your take on these two
regards
aroop
Tracked by: 0 Boarder
Dear kath, if ur wife uses her own funds for investing in shares, there is no prob. but in case of amount as received from u as gift, whatever the profit gains 'll be added to ur income under clubbing provisions od section 64.
As ur wife is already earning, i hope her own funds 'll be there.
till her gains from shares r under the minimum tax exemption limit with all other source of income, no income tax is payable by her.
Thanks
Ashal ...
In reply to:
Speculative profit/ loss
Posted by : kath
Thanks Ashal
My wife is also working & she does not come under tax slab , if I start doing trading in her name , she won't have to pay the tax if she fulfills the tax criteria(i.e. if salary + int + profit /loss from sahre trading remains within the tax free slab )
Please guide
Regards
Tracked by: 0 Boarder
Dear 365x24x7, Here is the calculation u asked for. (Plz. note STT \\`ll not be considered for purchase or sell price)
A. Purchase price = 2100*10 = 21000
B. Brok. + service tax = 177
C. Net purchase cost = A+B = 21177
D. Sell price = 2200*10 = 22000
E. Brok. + service Tax = 185.40
F. Net sell cost = D-/e = 21814.60
G. net STCG = F - C = 637.6 Rs.
H. Tax on STCG @ 15.45% (as shares were sold thru recognized stock exchange & STT was paid at the time of sell)= 98.51 = 99 Rs. only
Thanks
Ashal...
In reply to:
STCG and the income tax liability
Posted by : 365x24x7
Hi,
I am a salaried employee with annual salary of 6 lac/annum. I was involved in the following trading in the NSE stock market. I want to know the STCG and the income tax liability. Please help in determining the exact STCG and tax on it.
Trade-1 - Bought 10 shares of Reliance Industries on 20-05-2008:
Rate per share: 2100
Brokerage: 157.50
Service Tax: 19.50
STT: 26.25
Trade-2 - Sold 10 shares of Reliance Industries on 25-06-2008:
Rate per share: 2200
Brokerage: 165
Service Tax: 20.40
STT: 27.50
Tracked by: 0 Boarder
You have the option to continue or stop.
If you stop - your loss will be minimal.
If you continue - the loss suffered by you in the long run is huge.
The returns are pathetic. Create a corpus in diversified equity funds and then go for an immediate annuity scheme at retirement.
Your pension will be more than 3-4 times what the policy is likely to give. ...
In reply to:
Jeevan Suraksha
Posted by : krsk100
Dear Friends. I am holding Jeevan Suraksha-Policy No.453344736 since December 2004.I want to discontinue, kindly inform what is the loss I face.
sathish kumar
Tracked by: 0 Boarder
Dear friend, Here is the calculation u asked for. (Plz. note STT 'll not be considered for purchase or sell price)
A. Purchase price = 2100*10 = 21000
B. Brok. + service tax = 177
C. Net purchase cost = A+B = 21177
D. Sell price = 2200*10 = 22000
E. Brok. + service Tax = 185.40
F. Net sell cost = D-/e = 21814.60
G. net STCG = F - C = 637.6 Rs.
thanks
Ashal...
In reply to:
STCG and the income tax liability
Posted by : 365x24x7
Hi,
I am a salaried employee with annual salary of 6 lac/annum. I was involved in the following trading in the NSE stock market. I want to know the STCG and the income tax liability. Please help in determining the exact STCG and tax on it.
Trade-1 - Bought 10 shares of Reliance Industries on 20-05-2008:
Rate per share: 2100
Brokerage: 157.50
Service Tax: 19.50
STT: 26.25
Trade-2 - Sold 10 shares of Reliance Industries on 25-06-2008:
Rate per share: 2200
Brokerage: 165
Service Tax: 20.40
STT: 27.50
Tracked by: 0 Boarder
Dear, any partprepayment of principal 'll also be eligible for 80C benefit within the over all limit of 1L Rs.
thanks
Ashal...
In reply to:
Home Loan Principal Prepayment and 80C
Posted by : Guest
Does the Principal prepayment of home loan can considered for deduction in Income Tax 80C section along with normal Principal payments paid as part of the EMI?
Tracked by: 0 Boarder
Dear zapper, I personally don't prefer to so much duplication of number crunching. Why?
What u r asking for is already available on so many websites, VROL, Moneycontrol. Mutualfundsindia, to name a few. U may get all the so called ratios & nos on above sites & even more info. when already the work is done by others, why u want to get it done by urself (in my view is is merely duplication).
U may agree or disagree with me.
thanks
Ashal...
In reply to:
A New Commer - Pls Guide
Posted by : Guest
Hello Ashal, Ranjan, Ashport & Others
Thumps up to you all for helping everyone on the MMB. We must try to help each other as much as possible.
What do you say about looking at the ratio analysis of MF, like Beta, Alpha, Sharp Ratio, Expense Ratio, Std. deviation, P/E & P/B?
I have started looking at all these but sometimes it\\`s difficult to make a decision after seeing these ratios.
Is there any good recommendable book to understand all these investment strategies?
Wishes
Zapper
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Dear Pralhad, For ur monthly prem. of 20K (annual prem. of 2.4L) the minimum sum assured should be 12L Rs. as i mentioned earlier. Now as u have stopped ur future prem. it \\`ll be nice on ur part if u increase ur cover from 11L to 12L.
If it is not possible, don\\`t worry. Here is ur calculation,
A. Sum assured = 11L (as u increased it in the 1st year itself)
B. annual prem. @ 20% of A = 2.2L
C. Excess prem. paid = 20K
D. Total annual prem. paid = 2.4L
E. %age excess prem. of annual prem. = 20/240*100 = 8.33%
F. Total fund value as on date (arrived from the data posted by u) = 15.42L appx.
G. Taxable surrender value = 8.33% of F = 128450 appx.
H. Hence Tax free surrender value = F-G = 1413550 appx.
In the current year, if ur resident indian income from all other sources is almost nil, u may even sat off ur taxable surrender value against basic exemption limit of 1.5L for under 65 age male tax payee.
I hope above info \\`ll be useful to u. Feel free to ask if u need more help.
Thanks
Ashal...
In reply to:
Tax on withdrawals from ULIP
Posted by : Pralhad
Dear Ashal,
Thanks for the reply.Some hope.Details are as follows.Would like to know best path forward.
Policy: ICICI LIFETIME. Started on 24th Aug-2004,premium 20000 per month. Sum assured to begin with was 1 lakh. 100% in maximiser fund.
Within a year, of the policy the insuranse coverage was increased to 11 Lakh.
In Nov 2007, I shifted the whole amount to PROTECTOR fund, (Approx. 13.20 Lakhs). However monthly premiums were continued to go into maximiser fund.
As on date,
Maximiser fund: Units= 3431.26 @ NAV of 51.11 &
Protector fund: Units= 83015.91@ NAV of 16.46.
I'm NRI, premiums paid thr NRE A/C.
Request tax and insurance experts to suggest best path forward. I want to withdraw the amount and have written to stop further premiums.
Best regards,
Prahlad.
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Dear babani
Both these funds are very good fund but they are sectoral/thematic funds, so limit ur exposure to such funds upto max 10% of ur portfolio.
Regds
Ashport...
In reply to:
mf investment help
Posted by : babani
dear kentmss and ashport
thanks for you advice it will help me immensely, as regards to time framr i can co upto 5- 8 yrs.
other than the aforesaid mutual funs i wanted to know about 2 mutuals which my agent has suggeted
1) reliance diversified power sector fund- gr
2) tata infrastructure fund - gr
whats your take on these two
regards
aroop
Tracked by: 0 Boarder
...
Tracked by: 0 Boarder
Dear Guest
Pl furnish some more data like investment horizon/goal and ur risk profile, then i`ll be suggest u better.
Regds
Ashport...
In reply to:
Need suggestion
Posted by : Guest
Hello,
I\\`m 28 years old and employed. I\\`m very new to investing in MF. I would like to invest about 3.5L rupees in MF (Mostly in Diversified and Balanced). Could you please suggest some good MF\\`s at this point.
Thank you.
Tracked by: 0 Boarder
Dear dsvas
i dont know whether you are continuing SIP in these funds. If you are doing SIP, immediately stop them.Stay invested till completion of three yrs of holding period and then redeem.Or u if u have sizeable investment in these funds, better come out of these funds after 1 yr of holding. If your daughter is of 7 yrs, I understand u will need money for her higher education only after 10-11 yrs. Invest the redeemed fund amt in large cap diversified funds like:
DSPML Top 100
HDFC Top 200
magnum Contra
DWS Alpha Eq
Fidelity Eq
Sundaram Select Focus
Try to invest via SIP only.
Regds
Ashport
...
In reply to:
MF Investment Mistakes
Posted by : dsvas
i have 2 funds 1 is tata young citizens fund, and 2 is sbi magnum children benefit plan. i undrstnd tata young citizens fund has shown poor performance. what about 2 one. please explain. i take these 2 because for my daughter age of 7 years. which is the best fund in this category.
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