Dear techguy1979, I think u missed the last line of my post to u regarding FMPs. I repeat it -

" FMPs r safe to invest but not relatively safe as Bank FDs."

Plz. do note, FMPs r also a short term investment tool ranging from 1 month to 2-3 years. For long term (i mean for 5+ years) Eq. funds should be the investment tool.

Thanks

Ashal ...

Dear moneyman2007, If u want to use ur wife to reduce tax liability on ur investment, there is a way out. First of all whatever amount she have from her prev. service use it to invest in her own name.

For godsake never ever try to gift cash money or direct chq. transfer to her acct. as the taxable earnings generated thru this gifted money 'll be clubbed with ur income, under the clubbing provisions of section 64.

U 'll ask what is the way then. Well the answer is very simple, the clubbing provisions of section 64, r applicable only for gift of money not for gift in kind. For example u currently hold shares worth of 5L Rs. in ur demat acct. & gift these shares to ur wife on ur wedding anniversary or her birthday or just as a goodwill gesture. After receiving these shares from u, ur wife can sell these shares immediately to have liquid cash & invest as per her wish (in other words ur wish behind the curtains).

I hope u got the message.

Thanks

Ashal...

Dear Techguy1979, Let me explain what dear pcspune wants to tell.

on VROL u can check the ranking of any fund for its performance of past 1 year, 2, 3, 5 years. This is fund's ranking in the light of its performance till date from the chosen time frame.

the ranking during each calender year, tells us what was the performance of the fund during that particular calender year. For example how a particular fund has performed from 1 Jan 2007 to 31 Dec 2007.

I hope it 'll clear ur doubts.

Thanks

Ashal...

Dear Radhika, let me enter in this debate, if I recall right, some times back i read some where that in last FY (i.e. 2007-2008) the total STT was around 7-8000 crore.

if u back calculate from total trading (business) days of exchanges,
A. No. of days in a year = 365
B. No. of Sat. & Sundays in a year = 105 (for ease of calculation)
C. No. of holidays = 15-20
D. Actual business days of markets = 240-245
E. Amount of STT collected in a year = 8000 Crore
F. Daily appx. STT 'll be = 30-35 crore

Plz. do remember These STT figures also include the STT recovered from Eq. MFs. So it is not an clear calculation. At the same time not on every trade the STT is 1 Rs. it change as per the %age defined by Govt. for Delivery, Futures, Options.

I hope the above info 'll be helpful to u.

Thanks

Ashal...

Dear np81, u may definitely claim tax deduction on the prem. payment by u for the Insurance policies of ur husband.

Thanks

Ashal...

Dear zapper, Thanks to understand my point. Till date I personally have not read any book for so called ratios & specially for Indian MFs.

Thanks

Ashal...

Dear uday devre, First insure urself adequately thru Term plans & invest in Eq. MFs for wealth creation. for detailed views plz. visit prev. posts of Dear Ranjan, Pcspune, Wadia, Kentmss, Ashport, vvrk , mine etc.

thanks

Ashal...

thank you , for give me detail information on insurance policy, gayatri ...

Dear ashal,i am very pleased to received your reply regarding tax problems.i have already filed my tax return before 31st july without mentioning f&o loss but now i want to file revised tax return stating the details of loss.i expect assessing officer will accept my revised tax return and allow me to carry prev.year's loss in the next year. thanks....

Dear Ashal, I mentioned of looking at these ratios and not calculating myself. Why I should do that when they as you mentioned are on available the web sites. Sometimes it\\`s difficult to make decisions looking at these ratios. I just wanted to have you guys opinion on this. Also I would like to ask whether there is any recommendable book. Thks Zapper...

Sir, Thank u very much for ur advise. With regards anusridi...

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...

tata aig\\\\\'s raksha has only 2420 yearly premium for 30 yrs old person for a term life of 20 yrs... just go for it...

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....