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Personal Finance
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!
Tracked by: 0 Boarder
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
...
In reply to:
ULIP is it cheaper than term plan?
Posted by : radhika_nandlal
Lovely messages from Ashalanshu and pcpsune... gosh and all for free... so nice... i think MMB has to honor pcspune first if it has not already done it by making him BOARDER OF THE DECADE....
I was looking for ULIP and check ur posts and found it... great just great.
Dont u think its the right time to invest in ULIPs now... after 5 years our premium will be free coz markets are all time bottom now....... we dont have to pay it.. whcih one would u recommend?
Tracked by: 0 Boarder
I have worked for Company A for 3 years and company B for 1 year and now working in company C.But i have not transferred or withdrawn my company A PF amount to PF Account of company B.Now Can i transfered both company A and company B PF amount to company C PF Account..???
If i withdraw my company A PF amount then what would be tax liability on company A PF amount? ...
Tracked by: 0 Boarder
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
Lovely messages from Ashalanshu and pcpsune... gosh and all for free... so nice... i think MMB has to honor pcspune first if it has not already done it by making him BOARDER OF THE DECADE....
I was looking for ULIP and check ur posts and found it... great just great.
Dont u think its the right time to invest in ULIPs now... after 5 years our premium will be free coz markets are all time bottom now....... we dont have to pay it.. whcih one would u recommend?...
In reply to:
ULIP is it cheaper than term plan?
Posted by : pcspune
Dear Dr.Chandrakant,
If both of you are Earnimg, you DONT need much Insurance.
You may opt for Insurance of one Crore ( for Child Education only).
Metsmart Plus is one of Best ULIPS.If you Pay Premium of Rs.one Lac per year, you can get Cover of Rs.80 Lacs.
Some Single Premium ULIPS are CHEAPEST & BEST Option.
IDBI Fortis Wealthsurance will offer you Cover upto Rs. 40 Lacs if you Pay Single Premium of Rs.1 Lac once only.
TATA Investassure PLUS will offer you Cover upto Rs. 25 Lacs if you Pay Single Premium of Rs.1 Lac once only.
You need not waste money in very High Term Insurance Plan.
P.C.Sharma
Tracked by: 1 Boarder
Dear Kake, Sorry to say but u `ll have to pay LTCG Tax on the circle rate value of 60L & not on the value of 10L u r getting. Since the difference is so huge, i`m afraid all ur money of 10L `ll be gone to pay as Tax even u `l have to pay from ur pocket.
To calculate exact Tax, first arrange value of ur shops in year 1981 from a Govt. approved valuer. Since 1981, till date the Cost inflation index is 582, which was 100 for base year 1981. So it means ur current indexed purchase cost `ll be 5.82 times of ur 1981 valuation.
For tax calculation u `l have to deduct this purchase cost from 60L Rs. & the remaining amount `ll be the LTCG. & u `ll have to pay Tax @ 22.66% on it.
Thanks
Ashal...
In reply to:
I sold my house, now I have to pay tax?
Posted by : kake
i have purchase 3 shops in 1977 Rs 25000 . rented @ rs 44 each per
month. now i want to sell that but my tenant are agree to buy @ rs 10,00,000 but the cecle rate and d.m retel value rs 60,00,000 how can i calculate the capital gain and on which amount on rs 10.00,00 or rs
60,00,000lack.
Tracked by: 0 Boarder
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
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 *. ...
In reply to:
need advice on my plan of investment
Posted by : Guest
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
Tracked by: 1 Boarder
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??...
In reply to:
I sold my house, now I have to pay tax?
Posted by : kake
i have purchase 3 shops in 1977 Rs 25000 . rented @ rs 44 each per
month. now i want to sell that but my tenant are agree to buy @ rs 10,00,000 but the cecle rate and d.m retel value rs 60,00,000 how can i calculate the capital gain and on which amount on rs 10.00,00 or rs
60,00,000lack.
Tracked by: 0 Boarder
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
Equity diversified NAVs closed with steep cut, as sharp slump in the US as well as in Asian and European markets, due to cut in US economic growth forecast of 2008-2010 by Fed and weak housing data, has weighed on our markets. The Sensex closed below October 27, 2008 closing value....
Tracked by: 0 Boarder
Dear madhav03us, Plz. contact HDFC or any private HFC like Dewan Housg. Fin. Co. etc. in Nagpur, even some co-operative banks `ll also provide u the loan.
Thanks
Ashal...
In reply to:
plot purchase loan
Posted by : madhav03us
i am looking for a plot purchase loan of rs. 200000/-, i am getting a slary of rs. 9000/- p.m., i am from Nagpur, who wil give me the loan. i am only seeking 40% finance
Tracked by: 0 Boarder
Dear okayitisme, From the Nos. provided by u, it`s not clear what`s ur current mly. expenditure & how u arrive at the figure of 50L?
If I assume ur cuurent MLY. Exp. around 10K, my dear at ur age of 55 the same mly. exp. `ll be around 76K Rs. & the same no. `ll be 1.5L Rs. per month for ur age 65 at an inflation rate of 7%.
Now for ur accumulated corpus of 50L after retirement, u `ll not be in a position to take much risk, so for a modest return of 9% per annum, ur mly. income `ll be 37500 Rs. only. This 37500 Rs. is not even able to support 1/2 of ur mly. exp. at age 55, forget about higher age.
While making future calculations for retirement, it`s important to calculate the impact of inflation first. U r thinking that 50L rs. r sufficient for ur age of 55, but from the nos. given by me, it`s quite clear that ur requirement is 10 times more than this 50L i.e. 5C. Why, bcoz my dear friend, as of now u r single, but in future, u` ll be married & ur wife `ll also be there with u at that age so ur actual expenses `ll much much higher than what u r anticipating now.
Try to put ur money in mix of Eq. MFs & debt instruments like PF, PPF etc. try to make a large corpus as possible. Also plz. don`t think to retire at ur age of 55, instead u should think to work even beyond ur age of 60. As u never know what`s there in future for all of us.
Thanks
Ashal...
In reply to:
Need a corpus of 50 lacks when I retire. I need a plan.
Posted by : okayitisme
I am 25 yrs old, Single, Working in privite sector bank. My monthly salary is 20000 from which i am saving round 5000pm through SIP, Now i am looking for a pension plan. My premium paying term will be round 15years, and expected retirement age will be around 55yrs. Can you suggest me how much premium should i pay to make a corpus of 50lacks with an expected annual growth of 8to10% and which pension plan to opt for as different companies offer different plan
Tracked by: 0 Boarder
Dear RB 0008, the info provided to u is partly correct. NRI r no more eligible to open new PPF account or extension of older accts. for 5 years but for ongoing accounts like ur one, u may continue to invest till 2011, ur maturity time. After that u `ll have to withdraw ur mat. amt.
From ur Query it`s not clear, what`s the status of ur children & wife. If they r too NRI, I`m sorry dear but being NRI they also can`t invest in PPF but if they r Resident Indian, it means ur wife can invest for herself as well as in the name of ur children from the money send by to her account.
Thanks
Ashal...
In reply to:
NRI- PPF contribution
Posted by : RB 0008
I opened PPF account in 1991 and extended it for 5 years in 2006. From FY 2004/05 I have NRI status.Now I hear that NRIs cannot contribute to PPF account.1.Pls let me know from which financial year.2.last year I paid contribution.what wil happen to that money.3.what wil happen to my account if I abondon it half way.4.The Post office people also are not telling clearly.Can I contribute to my children`s and wife`s account?
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