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Personal Finance
Tracked by: 0 Boarder
Dear Jate, considering ur age, my advise is in continuation to what dear PCSPune had offered to u already. First of all Switch from all ur remaining schemes from Growth options to Div. pay out option & for new scheme3s too, opt div. pay out option. Where it`s possible to have div. transfer option select the same in favor of Balanced funds, otherwise first collect Div. amt. in ur bank acct. & then invest the same in balanced funds - HDFC Prudence, DSLBR balanced & Canera Robeco balanced r good option under balanced category. By applying this strategy, by default ur allocation to pure Eq. fund `ll come down & there `ll be an inbuilt safety of DEBT from balanced funds. After 3-5 years, u may transfer ur all Eq. investments in favor of balanced funds.
Thanks
Ashal ...
In reply to:
Mutual Fund
Posted by :
jate
I have the folowing MF and I will be retiring in a few months and would like to know the prospects and suggestions.I can hold for another 3 years
1.DSP tiger
2.Reliance Diversifies Power Dividend reinvestment
3.Templeton Prima Fund,
4.Templeton Growth Fund
5.Sundaram rural Fund
6.Icici Prudential
7.FIOG
How do I get access to any MF to know the account statement esp.Reliance Power Fund
Kindly advice ocnsidering my age
Seshadri 
Tracked by: 1 Boarder
Dear Friend, As per the info provided by u, ur holding period is only 2 years. I`m afraid but u can`t avoid STCG @ ur marginal Rate of Tax (10.3, 20.6, 30.9 or 33.99 as the case may be). If u don`t want to pay such high taxes, first forget to sell ur property currently. Plz. wait for 1 more year. After completion of 3 years, ur property gains `ll be eligible for LTCGs (with the additional benefit of indexation) & u`ll have following options for Tax saving.
1. Invest ur Indexed LTCG amount in TAX saving bond of REC & NHAI for a max. amount of 50L per FY. Plz. note if ur gains r between 50L to 1C, it`s advisable to sell ur property after 1st Oct. 2009 to derive the max. benefit of these bonds as within 6 months of booking ur gains, investment in bonds is mandatory & within a FY u can`t invest more than 50L. So for higher amounts if u sell after 1 Oct. 2009, u can effectively invest max. 1C Rs. - 50L in FY 2009-10 & remaining 50L in FY 2010-11.
2. Invest ur Indexed Gain amount to purchase a residential house. Plz. note u can purchase only 1 residential house. Here again u have 3 options -
A. A ready built residential house purchased already within 1 year prior to sell of ur property.
B. A ready built residential house purchased within next 2 year after sell of ur property.
C. U construct a residential house within next 3 years after sell of ur property.
In case of Option B & Option C above, it`s mandatory to invest ur Gain amt. in Capital Gains Saving account scheme in any bank & declare the same in ur IT return next year.
Thanks
Ashal...
In reply to:
I sold my house, now I have to pay tax?
Posted by :
Guest
I have a commercial property from the past 2 years and am planning to sell the same. How much tax would i have to pay now and if i do not want to pay tax and re invest the total sum amount in any other property does that have to be commercial or can it be residential as well? And do i get complete tax exemption on the same??
Tracked by: 0 Boarder
Dear SOMPAL, here`s the answer u wanted.
1. Delivery based (less than 1Year)- 15 percent - it`s 15.45% with Edu. cess
2. Delivery based (more than 1Year)- 0 - correct but only if trades r routed thru recognized Stock Exchanges & STT is paid at the time of sale.
3. Daily trading - what percentage - Gains if any `ll be treated as Speculative Business income & `ll be added to ur income from all other sources & `ll be taxed as per ur slab rate (10.3, 20.6, 30.9 or 33.99% as the case may be) but if there is loss, u can carry-forward the loss to next 4 FY to sat off against similar gains in future.
4. Margin Trading - what percentage - Gains if any `ll be treated as Speculative Business income & `ll be added to ur income from all other sources & `ll be taxed as per ur slab rate (10.3, 20.6, 30.9 or 33.99% as the case may be) but if there is loss, u can carry-forward the loss to next 4 FY to sat off against similar gains in future.
5. FNO Daily Trading - what percentage - Gains if any `ll be treated as Business income & `ll be added to ur income from all other sources & `ll be taxed as per ur slab rate (10.3, 20.6, 30.9 or 33.99% as the case may be) but if there is loss, u can carry-forward the loss to next 8 FY to sat off against similar gains in future.
6. FNO Trading - what percentage - Gains if any `ll be treated as Business income & `ll be added to ur income from all other sources & `ll be taxed as per ur slab rate (10.3, 20.6, 30.9 or 33.99% as the case may be) but if there is loss, u can carry-forward the loss to next r FY to sat off against similar gains in future.
Plz. note for Taxation purpose the FIFO method is applied. So for ur cases -
Let us assume I have 10 stocks of XYZ company on 1st January 2008 & sell all shares on 1st jan, 2009.
Case 1 - I got 10 bonus stocks on 1st August 2008. Original 10 `ll be LTCG hence zero Tax & bonus shares `ll be STCG & Taxed @ 15.45%
Case 2 - I got 10 right stocks on 1st August 2008. Original 10 `ll be LTCG hence zero Tax & Rights shares `ll be STCG & Taxed @ 15.45%
Case 3 - I got 10 more stocks on 1st August 2008 after 1:1 stock split. All 20 shares `ll be LTCG hence zero Tax.
If u sell before 31 Dec. 2008 - All 20 shares `ll be STCGs & `ll be taxed @ 15.45%.
Thanks
Ashal
...
In reply to:
TAX Implication of All kinds of trade
Posted by : sompal
I would like to know (and may be many others) the tax implication in different trade scienario as described below.
1. Delivery based (less than 1Year)- 15 percent
2. Delivery based (more than 1Year)- 0
3. Daily trading - what percentage
4. Margin Trading - what percentage
5. FNO Daily Trading - what percentage
6. FNO Trading - what percentage
3 more situations as described below-
Let us assume I have 10 stocks of XYZ company on 1st January 2008.
Case 1 - I got 10 bonus stocks on 1st August 2008.
Case 2 - I got 10 right stocks on 1st August 2008.
Case 3 - I got 10 more stocks on 1st August 2008 after 1:1 stock split.
If I sell all 20 stocks on 1st January 2009, what will be tax rate in each of the above 3 cases.
Similaryly what will happen if I sell before 31st Dec 2008.
I will appriciate if somone can clarify the same. Thanks in advance.
Tracked by: 0 Boarder
Dear RB 0008, As per the info provided by u, ur wife `ll invest in PPF from ur NRE acct., She can do so, as u r the NRI & u r not directly investing for ur own benefit in ur new (I know ur`s is an old one) acct. There is no harm to invest from ur NRE account but if ur children`s account r opened after the notification of NRI - PPF guidelines in 2006, it is advisable to invest from ur wife`s normal saving account, to avoid any legal & technical problem in future.
Thanks
Ashal ...
In reply to:
NRI- PPF contribution
Posted by : RB 0008
Sir
Thank u fr ur clarification.My wife and children are not NRIs.But my wife has drawn from my NRE account to pay contributions to her and childrens accounts.Is it permissible?Is it necessary that I should transfer money to her account?
Tracked by: 0 Boarder
Dear Roshninaath, From ur list of 6 funds, following 3 funds r under sectoral / thematic category which is a high risk high gain type category. As off now the days of High gains for these funds r over & high risk is running in these funds already. The way ahead is to invest in proven large cap funds. The reason is simple, as & when there `ll be a recovery in market, the Large cap ones `ll be the first to recover. So my advise `ll be to as below.
1. Birla sunlife equity fund (d) - Rs.27 less - divert new SIP to Birla Fr`line Eq.
2. ICICI pru power (G) - Rs.43 less, continue SIP
3. reliance div power (g) - Rs.30 less - Divert SIP to Rel. reg. saving Fund (Eq.) which a more pure diversified fund & one of star performer under current melt down.
4. Reliance vision fund (D) - Rs.21 less - Not performing well for more than a year, so divert SIP in HDFC Top 200
5. Sundaram capex (g) - Rs. 21 less - Divert SIP in Sund. Select Focus
6. UTI infra (g) - Rs.21 less - Divert SIP to DSPBR Top 100.
Plz. note I`m advising to start new SIPs only & stop ongoing SIPs in ur existing funds. Plz. don`t redeem ur existing funds.
Thanks
Ashal
...
In reply to:
guidance pls
Posted by : roshninaath
Hi Ashal
Due to the present mkt condition i see in red the following funds very low (nearly Rs.30 difference from the rate i bought) Hence thinking of averaging the loss by entering into SIP in the following funds for a period of 6 months all.. can u advice me is it a good idea or not...
1. Birla sunlife equity fund (d) - Rs.27 less
2. ICICI pru power (G) - Rs.43 less
3. reliance div power (g) - Rs.30 less
4. Reliance vision fund (D) - Rs.21 less
5. Sundaram capex (g) - Rs. 21 less
6. UTI infra (g) - Rs.21 less
Is my idea of averaging is good or to away is better so that i dont loose more. wats ur opinion / suggestion?
Thanks
Rosh
Tracked by: 0 Boarder
Hi Ashal
Due to the present mkt condition i see in red the following funds very low (nearly Rs.30 difference from the rate i bought) Hence thinking of averaging the loss by entering into SIP in the following funds for a period of 6 months all.. can u advice me is it a good idea or not...
1. Birla sunlife equity fund (d) - Rs.27 less
2. ICICI pru power (G) - Rs.43 less
3. reliance div power (g) - Rs.30 less
4. Reliance vision fund (D) - Rs.21 less
5. Sundaram capex (g) - Rs. 21 less
6. UTI infra (g) - Rs.21 less
Is my idea of averaging is good or to away is better so that i dont loose more. wats ur opinion / suggestion?
Thanks
Rosh...
In reply to:
guidance pls
Posted by : ashalanshu
Dear roshninaath, plz. continue with ur SIPs. for next 6 months. Make an assessment at that time & decide.
Thanks
Ashal
Tracked by: 0 Boarder
the markets are not expected to turn around in the next 6 months. while the funds appear prima facie sound it is not preferable to average on a falling market. it is my view as most of us are in similar situation. my view will be place any surplus now in bank fds and return to mfs once the current mess is cleared. i don`t think that a lifetime opportunity is missed if we skip to invest now. one can wait for 6 months to review. ...
In reply to:
Advice pls
Posted by : roshninaath
Hi
Due to the present mkt condition i see in red the following funds very low (nearly Rs.30 difference from the rate i bought) Hence thinking of averaging the loss by entering into SIP in the following funds for a period of 6 months all.. can u advice me is it a good idea or not...
1. Birla sunlife equity fund (d) - Rs.27 less
2. ICICI pru power (G) - Rs.43 less
3. reliance div power (g) - Rs.30 less
4. Reliance vision fund (D) - Rs.21 less
5. Sundaram capex (g) - Rs. 21 less
6. UTI infra (g) - Rs.21 less
Is my idea of averaging is good or to away is better so that i dont loose more.
Thanks
Rosh
Tracked by: 0 Boarder
Hi
Due to the present mkt condition i see in red the following funds very low (nearly Rs.30 difference from the rate i bought) Hence thinking of averaging the loss by entering into SIP in the following funds for a period of 6 months all.. can u advice me is it a good idea or not...
1. Birla sunlife equity fund (d) - Rs.27 less
2. ICICI pru power (G) - Rs.43 less
3. reliance div power (g) - Rs.30 less
4. Reliance vision fund (D) - Rs.21 less
5. Sundaram capex (g) - Rs. 21 less
6. UTI infra (g) - Rs.21 less
Is my idea of averaging is good or to away is better so that i dont loose more.
Thanks
Rosh...
Tracked by: 0 Boarder
I am Fresh for Share Market. So where i got a Share Market Books & Information related for market...
Tracked by: 0 Boarder
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?...
In reply to:
Ride the recession and become RICH
Posted by : radhika_nandlal
Anyone has a better financial plan than this?
My plan is buy one lot of any Nifty stock future as we are at the all time lows...
Then use profits from the above to pay ULIPs annual premium for the first five years
After five years when the recession is over and done with the units from the fund portion of the ULIP will take care of the rest of the premia.. so u get ur insurance free.
Anyone has other investment strategies at all time lows now.. lets post it one by one...lets begin a new thread..
Do post ur ideas to become rich please. Thanks!
Tracked by: 0 Boarder
Thank you thank you pcspune for this valuable advice... i have saved it, now since i am 46 years old i cannot buy ulip? or with a medical test i can buy? I am interested in ULIPs very much now
What about ICICI PRUDENTIAL? Is it also an ULIP
Thanks.
Can i manage these ULIPs thru my iccidirect account?...
In reply to:
ULIP is it cheaper than term plan?
Posted by : pcspune
Dear RN,
Thanks for your Comments.
I am just sharing my Observations with Felow Boarders. It gives me Pleasure if someone is benifitted since I could not get Valuable Advice from Financial Advisors / Agents till 2004.I have also Learnt a lot from this Message Board & Felow Boarders.
Among ULIPS Following Options are Excellent:
IDBI Fortis Wealthsurance ULIP : Insurance Cover upto 60 Times of Annual Premium for Persons upto Age of 45 Years.( No Medical Test upto Rs.6 Lacs Cover.Unlimited Swithes between Equity Fund & Debt Fund are Free.
Metlife Smart Plus & Premier ULIPS : Insurance Cover upto 70 Times of Annual Premium for Persons upto Age of 45 Years.( No Medical Test upto Rs.5 Lacs Cover. 4 Swithes between Equity Fund & Debt Fund are Free.
P.C.Sharma
Tracked by: 0 Boarder
Thanks a lot pcspune
Quote
If you Invest Rs.25000 in ULIP & switch between Equity & Debt, you can Maximise Gains without paying STT/Brokerage/ Short Term Capital Gain Tax.
In Single Premium ULIPS you have to Premium once only. In Regular Premium , you have to Pay Premium for Minimum 3 Years.
By Appropriate Switching you can make Handsome Profits.
Unquote
How does one switch can it be done by ourseleves with ICICIDRECT or we have to visit the office and do it.. what is debt fund.. i have never understood this.
In regular premium i pay premium only for 3 years? after that who will pay the premium?? i dint understand!...
In reply to:
Ride the recession and become RICH
Posted by : pcspune
Dear RN,
It is correct that Market is very Low & GOOD Traders can make Excellent Profits till next 1-2 Years by Trading & may Continue to add Gains in Next 5-6 years.
This is Most Appropriate Time for Investment in Shares / MF & ULIPS
( if you need Insurance or want to Maximise Gains by Switching).
One lot of Stock Futures may cost Approx. Rs.25000.As far as I understand,in Stock Futures,the chances of Losing Money are not ZERO.
If you Invest Rs.25000 in ULIP & switch between Equity & Debt, you can Maximise Gains without paying STT/Brokerage/ Short Term Capital Gain Tax.
In Single Premium ULIPS you have to Premium once only. In Regular Premium , you have to Pay Premium for Minimum 3 Years.
By Appropriate Switching you can make Handsome Profits.
P.C.Sharma
Tracked by: 0 Boarder
Hi, I am a first time investor. I wanted to invest around 25K in mutual funds. But with the current market situation I am a little confused whether I invest the whole amount in an equity MF or I invest a small part of it in MF and keep the rest as a deposit for the time being?. HDFC Growth Fund is one of the schemes that I have come down to. Is this a good one? Also, I was planning to invest in SIP for a long term perspective say of 5-7 yrs. Could you suggest two good schemes in which I can invest?...
Tracked by: 0 Boarder
Dear Mr.Sheshadri,
Please switch some of your Funds.
DSPML T.I.G.E.R. to DSPML Top 100 Equity.
Templeton PRIMA to Franklin PRIMA PLUS
Sundaram Rural Fund to Sundaram Select Focus Fund
After 2 Years you may Switch to Balance Funds of Respective Fund Houses
You can call Reliance Mutual Fund by Telephone to Request them to send UNIT Account Statement by Post/Courier.(o22-30301111)
P.C.Sharma...
In reply to:
Mutual Fund
Posted by : jate
I have the folowing MF and I will be retiring in a few months and would like to know the prospects and suggestions.I can hold for another 3 years
1.DSP tiger
2.Reliance Diversifies Power Dividend reinvestment
3.Templeton Prima Fund,
4.Templeton Growth Fund
5.Sundaram rural Fund
6.Icici Prudential
7.FIOG
How do I get access to any MF to know the account statement esp.Reliance Power Fund
Kindly advice ocnsidering my age
Seshadri
Tracked by: 0 Boarder
Dear RN,
It is correct that Market is very Low & GOOD Traders can make Excellent Profits till next 1-2 Years by Trading & may Continue to add Gains in Next 5-6 years.
This is Most Appropriate Time for Investment in Shares / MF & ULIPS
( if you need Insurance or want to Maximise Gains by Switching).
One lot of Stock Futures may cost Approx. Rs.25000.As far as I understand,in Stock Futures,the chances of Losing Money are not ZERO.
If you Invest Rs.25000 in ULIP & switch between Equity & Debt, you can Maximise Gains without paying STT/Brokerage/ Short Term Capital Gain Tax.
In Single Premium ULIPS you have to Premium once only. In Regular Premium , you have to Pay Premium for Minimum 3 Years.
By Appropriate Switching you can make Handsome Profits.
P.C.Sharma
...
In reply to:
Ride the recession and become RICH
Posted by : radhika_nandlal
Anyone has a better financial plan than this?
My plan is buy one lot of any Nifty stock future as we are at the all time lows...
Then use profits from the above to pay ULIPs annual premium for the first five years
After five years when the recession is over and done with the units from the fund portion of the ULIP will take care of the rest of the premia.. so u get ur insurance free.
Anyone has other investment strategies at all time lows now.. lets post it one by one...lets begin a new thread..
Do post ur ideas to become rich please. Thanks!
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