Dear nandarohit, investment should be goal/aim specific not for the market level. 2days Toppers may bite dust very next day. So u should invest first for ur goals & invest in funds which r regular in their performance & r part of Top quartile (Top 25% funds).

the list of such Top performing fund is already posted by fellow boarders. Plz check the same that it matches to ur risk appetite & goals & invest as per ur comfort level.

Plz. don`t invest in a lump sum, if u do have a lump sum amount plz. invest it first in Liq. + fund & then use weekly STP route to invest in ur target Eq. funds.

Thanks

Ashal ...

Dear ankzvohra782, If u can manage plz. opt for multiple sip on different dates in a single fund. U may use weekly STP from Liq. + fund route for better cost averaging & control on ur investment.

continuing ur minimum sip in Vision & Bluechip `ll be a personal choice.

HDFC Top 200 is indeed a better choice among the funds discussed.

Thanks

Ashal...

Dear Friend, The income tax benefit on the interest paid for loan of higher education is in the form of deduction of interest from the income in the FY. following conditions r to be met.
1. U can claim interest pmt. deduction from ur income for urself, ur wife & ur Kids` higher education.
2. The course should be a full time course, distance learning or part time courses r not allowed.
3. the benefit is available for 8 successive FYs from the year u first claim the benefit.
4. No benefit `ll be available on the principal repmt.

Thanks

Ashal...

Dear Raajk, no matter u r a resident or non resident indian, if u gift ur wife money either in cash or thru chque/Draft transfer, the income generated by such gifted amount `ll be taxed in ur hands under the clubbing provisions of Sec. 64. To avoid clubbing of the income u have 2 ways, either gift ur wife in kind - say Gold, Shares, MF Units etc. but not property. Second option is give her a interest free loan & ask her to pay back the loan in installments to show the genuineness of the loan.

Thanks

Ashal ...

Dear zapper, ur idea is interesting & have a merit in it. I`m ready for the same in my city - AHMEDABAD. The boarders who r from A`bad may contact me on my e-mail id (given on my home page).

Let us exchange our thoughts in a personal meeting. I`m open to the idea. Let others decide.

Thanks

Ashal...

dear vikramruparelia, first of all plz. read ur loan agreement & check is there any condition that may prompt bank to deny accepting part or full prepay. If u r sure that there is no such condition in the laon agreement, write an application to the bank, regarding ur wish to part/full prepay (as the case may be) & ask it to resolve ur matter. While filing ur application to the bank, have a receipt of ur application from bank. Plz. wait for next 1 month with a calm mind. Don\\`t get agitated if after one month the bank is not responding to ur application.

Approach the banking ombudsman of ur state, with all the details of ur case. Within a month or so, the Banking ombudsman \\`ll give its decision. If u r satisfied with it, ok. Otherwise another option is to transfer ur loan from Kotak.

Thanks

Ashal...

Dear pjuneja, from taxation point of view, Gold ETFs r at par with debt funds. Hence the STCG & LTCG 'll be taxed same as the case for debt funds.

For calculation of gains from gold ETF, plz. add the brok. & service tax paid, in the purchase cost & deduct the brok. & service tax paid at the time of sell order, from the sell cost. the difference between net purchase cost & net sell cost 'll be ur gains.

Thanks

Ashal...

Hi Arshal, Thankyou for ur reply,yeha sip on multiple dates sounds good in theis volatile market but the problem is tht i have already got registered so what i thought is to stagger these funds in buy sips such a way tht no two funds are bought on the same day..that way the distribtion ill be some what similar.(and the sip date sof all fund houses almost coincide) Birla frontline loks good to me but i think i will go with HDFC top 200 coz i have been impressed by the peformance of Mr Prashant Jain since quite some time. Actually first choice was HDFCequity but the huge fund size bothers me. I am very much tempted to continue a min sip in Reliance Vision and Franklin Bluechip so as to reduce my average, say 1k per scheme for 1 year. What do u think abt this averaging thing.....go ahead or better keep off.. regards ankit...

you can add HDFC-growth, kotak-30 and reliance-growth funds as a sip.birla sunlife frontline is a inferior fund....

How can one pay tax when the banks are closed. As per act Sept 30 is the last date for filing, when a assessee cannot pay his self assessment tax, he cannot file his return....

Cabinet to review skill development policy New Delhi: The final draft of the national skill development policy has been sent to the cabinet for consideration. The policy is expected to be announced soon after Prime Minister Manmohan Singh returns from his US visit. “We have already circulated a note on Skill Development Policy among the members of the Cabinet,” Sudha Pillai, secretary, ministry of labour and employment, said on the sidelines of a conference in the Capital on Friday. She said that vocationalization of education and training through ITI would be a part of the skill development policy. - REUTER...... ......................... With N-deal India hoping for business worth $80 bn Even as a landmark US-India nuclear accord hangs in limbo in the US Congress, the global gates of nuclear trade with India are now open ........... Indian nuclear energy officials say they would like to do business with GE and other US firms. But if they can’t, there’s always France and Russia. Even as a landmark US-India nuclear accord hangs in limbo in the US Congress, the global gates of nuclear trade with India are now open. Whether or not US companies get the go-ahead to sell nuclear fuel and technology to India, the country’s nuclear officials are confident they will get their uranium. “If a deal with Congress doesn’t happen, we will have business with other countries. So simple,” said SK Malhotra, a spokesman for India’s Department of Atomic Energy. India reached nuclear trade agreements with Russia and France in January, though the government has held out on implementing them until a US deal goes forward, said Shreyans Kumar Jain, chairman of India’s state-run Nuclear Power Corp. Ltd., which runs all 17 of the nation’s nuclear reactors. The agreement before Congress would overturn three decades of US policy by allowing nuclear trade with India, even though India has not signed a global treaty against the spread of nuclear weapons. The deal enjoys broad support among leaders of both American political parties but, with other priorities on lawmakers’ plates, there’s no certainty it will get the nod before Congress adjourns this month ahead of November elections. What happens after the nod? Meeting Thursday in Washington, Indian Prime Minister Manmohan Singh and US President George W Bush expressed hope that Congress will approve the agreement. Singh was to go on to France, where he was expected to ink India’s nuclear agreement with that country. American companies worry they could be shut out of the Indian market. General Electric Co. helped build India’s first nuclear reactor in the 1960s, and GE would love to rekindle that relationship. “It’s a $30 billion-plus market in India. There’s a huge opportunity for a company like GE,” said Kishore Jayaraman, regional head of GE operations in India, Sri Lanka, and Bangladesh. “We have been pushing for it.” Today, India gets just 3% of its energy about 4,100 megawatts from nuclear power. By 2032 the government plans to quadruple total generating capacity, to 700 gigawatts, with nuclear accounting for 63,000 megawatts. That adds up to about 40 new nuclear reactors, worth some $80 billion, according to Jain. A key limiting factor on India’s nuclear expansion has been access to uranium. Despite an aggressive hunt in basins, thrusts, and folds across the country, known domestic deposits will support only 10,000 megawatts of nuclear capacity. C/F.........

ashalanshu, This is good thread to watch with good messages and interactions. I am happy no kalidas is here on this thread. Motgages are of two types.. Equitable motgae and clean mortgage. you can not Mortgage your residential property for loan. Yes you can offer your Resi. property as coleteral for loan of Business purpose. Commercial property........... You can have margin of around 50 % and three weeks to complete formalities........ Better to decide selling if up trend is restricted to less than 15 % yearsly and opt for hiring one on rent or lease. Except, PUNE, Hyderabad, NOIDA, vicinity Of delhi and Bangalore, PROPERTY RATES WILL CRASH AFTER DEEWALI........ Sell off, if you have solid investing ideas...... avoid stock market Gold and crude..... Can buy Pharm land.... if eligible...........

Dear ashalanshu, Good Morning. DO you have any idea on mortgages ? Suppose the cost of a flat is 25L. How much max the bank will give against mortgage of the flat ? Which bank provides the most ? And listen, how about the JM Basic fund ? thanks & regards shakti...

Dear Ashal,Sharma Thanks for your reply on this ...and it was quite useful.Let me first check if I can surrender it immediately as the Free look in is over by tomorrow.If not I'll go far three year commitment as adviced by Sharmaji.Yes,I was indeed quite apprehensive and more so with the latest US Financial meltdown...it was pushed by my Fiancial broker from Integrated Enterprises....Any way many thanks for your advices...and look forward for a better investment options like FD/MF's Regards Surechim ...