Before investing in diversified equity funds - Have you saved tax for this year under 80C fully ? ELSS funds give you tax benefit under 80C along with equity participation. First save tax. Then go for diversified equity funds. As Ashal has suggested you can go for any of these funds -
1) HDFC GROWTH / HDFC TOP 200

2) DSP BLACK ROCK TOP 100

3) SBNP PARIBAS SELECT FOCUS.

Invest via SIP / STP only. ...

Dear Ashal
I want you to clarify the following points.

1) If I want to invest more than 50 lakhs - can I split it and invest 50% in each scheme (NHAI / REC )?

2) Interest recd is taxable ? ( no TDS )

Thanks

Ranjan ...

These bonds are for 5 years with a 3 year lock-in. Please do not forget to inform them that you want to redeem after 3 years. Remind them before 3 years are completed. Once three years are completed - it gets locked till the 5th year. At present the interest they pay is annual @ 6.25% (taxable) in April every year. There is no tax deducted at source. It is upto you to include it in your income.
PAN CARD XEROX has to be submitted by all holders. Otherwise form 60 has to be submitted. If the interest amount is more than the basic tax free amount - one has to file a return. To file a return one needs a PAN number. So it is better to get a PAN , if you already don`t have one. Max amt in any one scheme is 50 lakhs. ...

OBAMA
O - Originally
B - Born in
A - Africa to
M - Manage the
A - Americans ...

Just one point. After 5 years you do not have to pay the premium. They will take it from your fund value. How does the insurance become free?...

HDFC EQUITY Fund is a good fund. But HDFC TOP 200 / HDFC GROWTH are performing better. So while renewing your SIP it is better to invest in those funds. Whatever you have invested in HDFC EQUITY fund till now can stay. Regarding Reliance Vision - its performance has fallen. There are better performing large cap funds. My recommendations are all based on value research ratings. I always recommend 5* or 4 *. ...

I N N E R H A P P I N E S S

I live in Indore , in India `s heartland. On our way back from an adjacent
town, my friend and I stopped at a highway dhaba. Placing our order, we
stretched ourselves out on the cane chairs. A motley group of people
occupied other tables.

As we glanced around desultorily, a ragged man sauntered in and sat down. He
poured himself a glass of water from the steel jug. He drank two whole
glasses, but ordered no food, nor did the dhaba boys ask him. When our tea
and samosas arrived, he looked at the food, filled his glass again and drank
it. We saw no greed in his eyes, but it was an easy guess, that the guy was
hungry and had no money.

The dhaba boy told us, `Oh! That madman comes in everyday. If he has money,
he eats something; otherwise he just drinks a few glasses of water and
leaves.. My boss said that since water has been given to us by the Lord, we
must never stop anyone drinking it at our dhaba.`

This logic really touched me. I asked the boy to serve the man a plate of
samosas. When he did so, the man looked at him. The boy pointed to us. The
man looked at us but made no acknowledgement.

As he picked up the first samosa, a little girl in rags walked up and just
stood there. He gave her the samosa, which she wolfed down. He picked up the
second one and handed that to her, too. She grabbed it and ran away. He
pushed away his empty plate, filled up his glass again, drank the water and
walked away from the dhaba without a backward glance.

I asked myself if I were capable of a gesture like that. The most I could
muster was, `I HOPE SO`. If sharing what we have in excess is generosity,
then how would we describe what that madman did? `SELFLESS LOVE`?

It is what intellectuals talk about and madmen practice.

*Happiness comes from spiritual wealth,
not material wealth...
Happiness comes from giving, not getting.
If we try hard to bring happiness to others,
we cannot stop it from coming to us also.
To get joy, we must give it and
to keep joy, we must scatter it.

- John Templeton*...

Dear Ranjan, here is the answers - 1) If I want to invest more than 50 lakhs - can I split it and invest 50% in each scheme (NHAI / REC )? - The basic limit of 50L in a FY `ll apply & if the sell is done after 1st Oct. as i mentioned u can total invest upto 1C. of course u can invest in both Bonds but the basic limit of 50L per FY `ll be there. 2) Interest recd is taxable ? ( no TDS ) Yes Interest is taxable. U can opt to show it every year or in the year of receipt. No TDS `ll be there but its ur responsibility to show in ur return. Thanks Ashal...

---or is it? ---Born to an African, --- ...

Thanks for the correction. ...

Hi Ranjan, I have valued your opinion at various times in this forum. But I think it is too early to give up on funds which have performed well over the past ten years like HDFC Equity Fund and Reliance Vision Fund. They are tried and tested funds. Shouldn`t we give them some more time? Benghazi...

dear ranjan, hi i am a 40 yr old homemaker and hav 3 kids,aged16,10 and8.my husband is 42.is there any mediclaim policy,which i can opt fr as a family pack.also, the religare policy,u were referring to,means depositing rs3236into20.that means rs64720.aftr 20 yrs will i get rs 20 lakhs.is this policy good or are any bettr than this. regds rashmi...

Ranjan, Can you quote some pure term cover policies of LIC on sale?...

Thanks for your reply. Do you suggest to redeem the existing hdfc equity fund and sundaram select midcap or just to keep these funds unit....