Online
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
You are here : Moneycontrol  MMB Personal Finance |
| The latest messages in different topics under Personal Finance are displayed on this page |
Personal Finance
Tracked by: 0 Boarder
Subasu,
I have addressed this same question to few boarders here, but would like your perspective as well.
When i trade thru ICICIDIRECT at the end of the day there is one single credit or debit to my account as the case may be as reflected in my contract note. This debit or credit includes brokerage, my profit/loss, stamp duty, ST, and STT...
Now could u tell me does this debit to my account goes directly to the broker or NSE, if NSE, does NSE pay the brokerage to the broker, where does the ST, STT and stamp duty go to whose account. And if broker gets the whole brokerage or NSE/BSE retain a part of it? How much will the broker be taxed on every Rs 100 earned as brokerage for a taxable slab.
Next while filing returns is it not enough to just check for NSE/BSE entries in our bank accounts for the amount matching the contract note. These entries are under two columns that is WITHDRAWAL and DEPOSITS.. so just subtracting the withdrawal from deposits should tell us the income earned for a year if we have not retained even one stock for more than a year. Am i right?Would that not suffice for tax returns from next year? Or we should get into every trade? Of course income tax authorities dont ask for documents but for our own rough calculation this should suffice isnt it? Of course later u get a statement for ST, STT, brokerage individually and deduct from taxable profits.. am i right or add it to losses carried over as the case may be?
Thanks!...
In reply to:
ST gains on a short delivery
Posted by :
subasu
Ashal is right. I was wrong. 
Tracked by: 0 Boarder
Pay Commission: New pension rules better pay panel package
-------------------------NEW DELHI: This should cheer former central government employees. With the Centre notifying the new pension rules, they can expect a higher pension packet from next month. The revised pensions are higher than what the sixth Pay Commission recommended.
Although the move benefits the cross-section of retired employees, those in higher brackets have gained more in real terms. New pensions for defence and railway personnel will be notified separately.
Older pensioners have an added reason to rejoice. Centenarians will get 100% extra pension calculated at revised rates. Similarly, those over 80 years will get an additional 20% of their basic pension. This goes up by 30%, 40% and 50% for those over 85, 90 and 95, respectively.
To get an idea of the quantum of hike, a person with a basic pension of Rs 10,000 — who used to get Rs 22,050 in hand — will now receive a total pension of Rs 26,216. The new rates are effective from January 2006 and the arrears will be given out in two instalments — 40% during the current fiscal, 60% in 2009-10 .
The maximum gratuity too has been revised to Rs 10 lakh, up from the earlier Rs 3.5 lakh. If an employee dies during service, his family will now get full pension (enhanced family pension) for 10 years.
The new rules also add more flexibility in retirement benefits. For instance, those who are due to retire can now get 40% of their pension commuted and get a lump sum amount in turn.
GOLDEN SMILES
Minimum pension Rs 4,060, up from earlier Rs 2,813 in hand (revised pension to be effective from Jan 1, '06).
Maximum pension Rs 52,200, up from Rs 33,075.
Maximum gratuity up to Rs 10 lakh (depending on years of service and last salary drawn).
Enhanced family pension, for employees dying in service, to be full pension for 10 years.
Employees eligible for full pension if service is for 20 years.
Incremental additional pension for those 80 years and above. People over 100 to get double pension.
(Courtesy: Timesofindia.com ) ...
Tracked by: 0 Boarder
Dear Sharmaji,
I will buy the magazine suggested by you.
I have always believed in asset allocation strategies. This is one reason I have actually started investing in ULIPS. Just yesterday I have taken HDFC Endowment Suvidha plan.
In mutual funds, the underlying portfolio of stocks keep changing. So the term -do not marry stocks- will not apply to mutual funds. That term is more specific to shares.
I was holding on to the fund since it is from the same SBI Magnum team. I will consider your suggestion regarding JM Contra.
Thanks,
Raj...
In reply to:
MF Investment Mistakes
Posted by : pcspune
Dear vvrk,
Please Read Article ' Asset Allocation : Key to Wealth Creation" in Investor India Magzine, August 2008 Page No.68-70 ( Bajaj Capital Publication Costing Rs.20/- only).
It mentions that in Long Term 91.5% Profits are on Account of Asset Allocation Strategies. ( We may not be Convinced Easily).
You need not Churn Funds Frequently but you can Read article named as ' DONT Marry Stocks". Same Applies to Mutual funds.
Fund Manager of JM Equity is not Sandeep Sabbarwal since 5-6 months.
P.C.Sharma
Tracked by: 0 Boarder
Dear Guest,
For Medium to High Risk Invest 1000 P.M. Each in Following Equity Funds:
Birla Sunlife Frontline Equity Fund
DSPML Equity Fund / DSPML Balance Fund
DWS Alppha Equity Fund
HDFC Growth Fund.
For Low to Medium Risk Invest in Following
UTI Mahila UNIT Scheme( GENTS Allowed to Invest)
Low Risk with High Liquidity Invest Rs.2000 P.M. in Following Arbitrage Funds ( Expected TAX Free Returns of 8-9 % Per year if Redeemed after 1 year.
HDFC Arbitrage Opportunity Fund
SBI Arbitrage Opportunity Fund
UTI SpREAD Fund
P.C.Sharma...
In reply to:
Short term money parking
Posted by : Guest
Hello once again,
After investing money in ELSS, I need to invest additional of 16K per month (for short term upto 2 Yrs) via sip in funds in following categories.
1) Risk : Medium to high : Rs 4K a month
2) Risk : Low to Medium : Rs 4K a month
(Liquidity of money will be plus point)
3) Risk : Low with high liqudity: Rs 8K a month (Principal safty is utmost prority here.)
I am considering bank FD/RD (@10%) for cases 2 and 3, but additional tax burden is worrying me.
Kindly Help.
Tracked by: 0 Boarder
Dear vvrk,
Please Read Article ' Asset Allocation : Key to Wealth Creation" in Investor India Magzine, August 2008 Page No.68-70 ( Bajaj Capital Publication Costing Rs.20/- only).
It mentions that in Long Term 91.5% Profits are on Account of Asset Allocation Strategies. ( We may not be Convinced Easily).
You need not Churn Funds Frequently but you can Read article named as ' DONT Marry Stocks". Same Applies to Mutual funds.
Fund Manager of JM Equity is not Sandeep Sabbarwal since 5-6 months.
P.C.Sharma
...
In reply to:
MF Investment Mistakes
Posted by :
vvrk
Dear Sharmaji,
To be frank, as of now I still do not have a good EXIT strategy. Have not done much thinking on how long should one wait before getting out of a fund.
I do not like to churn my funds too much. I prefer staying invested and giving some time to my investments. I have stopped fresh SIP\\`s but am planning to stay invested in both JM Equity and HDFC Capital Builder for atleast another year before I decide to switch.
Thanks,
Raj
Tracked by: 0 Boarder
Dear vipinenatr,
You can Invest in any of Following Funds.
Reliance Growth Fund
Reliance RSF Equity Fund
DWS Alpha Equity Fund/Investment Opportunity Fund
DSPML Equity Fund
P.C.Sharma
...
In reply to:
good mutual fund
Posted by :
vipinenator
can any one suggest me good diversified equity fund where ican invest for 5-8yr .fund should have history .and it should have provided 20 average annually return .is relinace good fund.
Tracked by: 0 Boarder
Dear Srikanth
Thanks a lot for all replies along with yours. The decision as to which funds is better always lies with the investors. I being in investor for long now, take my own decision on which fund I should select and which not. Then I look for any agent who can give me half the commission. Thus, I do not run the risk of giving my right of taking decision and selecting the MF to any agent. However, thanks a lot for your views and advice. Please do remain in touch.
Valentine...
In reply to:
A question regarding MF commission
Posted by : kentmss
Dear vilu,
Ranjan Sir is right. Never go for agents who gives back part of commission they get. Because unlike Insurance Agents (who get upto 35%), a Mutual Fund agent gets somewhere around 2 - 2.5% commission. With this paltry commission, if he is giving you back something, then definitely he is mis-selling funds. He should not be relied on.
Go for agents, who have a good name in the market for their advise. Ask the agent the funds he has recommended to other investors and then review its performance. contact some of his present clients, get their views on the agents advise, service, etc and then Select the Agent.
Best of luck,
Srikanth Shankar matrubai
Tracked by: 0 Boarder
Hello,
I\\`m 28 years old and employed. I\\`m very new to investing in MF. I would like to invest about 3.5L rupees in MF (Mostly in Diversified and Balanced). Could you please suggest some good MF\\`s at this point.
Thank you....
Tracked by: 0 Boarder
I suggest only 2 of the best funds to u at present :
Reliance Regular Savings Equity
DWS Invest Oppurtunity
Make your planning simple n effective.
Put 1 lac in each through SIP as per your time frame.
But i think dividend will be paid yearly once only. Do check....
In reply to:
mf investment
Posted by : vipinenator
want to invest 2,00,000 rs in high risk mutual fund for 5-8 yr.what is maximum return i can get.and i want to get dividend quarterly .which mf provide maximum return in india
Tracked by: 0 Boarder
Sorry, I forgot to add the funds you should consider investing.
Birla Sunlife Equity Fund
DWS Opportunities Fund
JM Contra Fund
ICICI Dynamic fund
Lotus India Agile Fund
Mirae Asset India Opportunities fund
Reliance natural Resources Fund
sundaram Rural India Fund
these are all Aggressive Funds and should suit your risk profile. Do review your investment every 6 months or so.
Best of luck,
Srikanth...
In reply to:
mf investment
Posted by : vipinenator
want to invest 2,00,000 rs in high risk mutual fund for 5-8 yr.what is maximum return i can get.and i want to get dividend quarterly .which mf provide maximum return in india
Tracked by: 0 Boarder
Dear Vipinenator, you seem to be very aggresive investor, going by the query you have posted, here and in other posts.
To get 2,00,000 in 8 years, through sip investment at 21% rate of return, you need to invest 877 per month. And at a reasonable 18%, rate of return, you need to invest 993 per month.
Of course, if your investment is lumpsum, then the arthimatic changes dramatically.
To get the same 2,00,000 after 8 years, at 18% returns, you need to invest in a lumpsum a amount of Rs.53208!!!
Even assuming a return of 21%, you need to invest Rs.43526 as a lumpsum.
so, it is always advantageous to go for sip.
BEst of luck,
Srikanth shankar matrubai...
In reply to:
mf investment
Posted by : vipinenator
want to invest 2,00,000 rs in high risk mutual fund for 5-8 yr.what is maximum return i can get.and i want to get dividend quarterly .which mf provide maximum return in india
Tracked by: 0 Boarder
Dear Babani,
At 38 years, and 3 year time horizon, your risk profile is minimal, you are better off investing in Large Cap Funds and Diversified Equity funds. Instead of investing 10000 in Personal Tax Saver, you could have invested in Large Cap Fund. Instead in Tax Funds only to save your Tax Liability.
Also, you are better off investing through SIPs instead of lumpsum. SIPs are easy on pocket and also serve you better. Even of sip of 100 is available in Reliance and Lotus Mutual funds.
For your 30000, you can consider investing in
Birla sunlife Frontline Equity Fund
DSPML Top 100 fund
Fidelity Equity Fund
HDFC Prudence Fund
HDFC Top 200 fund
Sundaram Select Focus Fund
I have given 6 funds, invest 5000 equally in them. Route all your future investments in these funds only. Have a focussed portfolio and do not become a "Fund collector".
Also, Ashport has , as usual, given good advise. Follow him. You will make good money.
Preferably, invest through sips.
Best of luck,
Srikanth Shankar Matrubai
...
In reply to:
mf investment help
Posted by : babani
i am interested in investing around rs 30000/- in mututual fund for a minimum period of 3 years and above.
kindly suggest me the mutual funds in which i should invest and in what ratio.
if possible , can you let me know a tentative value of rs 30000/- after 03 years .
regards
babani
Tracked by: 1 Boarder
Dear Guest,
Your choice of Sundaram Tax Saver Fund is a very good one. But investing all your investment amount in One Fund or One Fund House is not such a wise move. Besides Sundaram, you should also look at other Good funds. Some of them are
Birla sunlife Tax Relief 96 Fund
DSPML Tax Saver Fund
DWS Tax Saving fund
Fidelity Tax Advantage Fund
HDFC Tax Saver Fund
Lotus India Tax Plan
Principal Personal Tax Saver Fund
If you add, Sundaram Tax Saver Fund, totally there would be 8 funds. You can invest 1500pm in sundaram and 500pm in the other 7 funds.
Review your investment after 2 years.
Best of luck,
Srikanth shankar Matrubai...
In reply to:
Which is BEST ELSS
Posted by : Guest
Hello,
I need to invest montholy SIP Rs 5000 in ELSS for tax lanning.
I have selected Sundaram BNP tax saver fund for the same.
Is the choice is right or not?
Please suggest.
Tracked by: 0 Boarder
Dear Guest,
For your age and time horizon, 100% equity exposure is warranted. Your risk profile also helps in the matter. With these consideration, I would recommend the following
1000 * 1 in Birla sunlife Equity fund (1000)
1000 * 1 in DWS Investment Opportunity Fund (1000)
500 * 1 in Fidelity International Opportunities fund (500)
500 * 1 in JM contra Fund (500)
500 * 1 in Lotus India Tax Plan (500)
250 * 2 in Relinace Growth fund (500)
250 * 2 in Reliance Natural Resources Fund (500)
500 * 1 in sundaram Select Focus Fund (500)
Take adequate Term Insurance for your security. You can invest your 20000 lumpsum in Debt Fund and go for an STP into a Large Cap Fund.
Best of luck,
Srikanth Shankar Matrubai...
In reply to:
help needed!!!!
Posted by : Guest
hi..i am 27yrs old n totally new to investing...i wld like to have your advice as which mutual funds and sip should i invest,in reference to the following points -
1) i can invest atlest Rs.5000 per month
2) i can invest Rs.20,000 per year
3)i have a long-time horizon
4) i can take risks
Tracked by: 0 Boarder
Dear Reddy,
At 18% returns CAGR, you would need to invest 12781 per month.
At 15% returns CAGR, you would need to invest 13338 per month.
At 21% returns CAGR, you would need to invest 12255 per month.
I hope you have also considered inflation while calculating your cost of house.
regards,
Srikanth Shankar Matrubai...
In reply to:
which mf is best for investing 5 years ho
Posted by : n_reddy02
where i need to invest my money for 3 years, i want to buy house after 3 years, i needed money about 6 laks
More from Personal Finance
Poll
 |
Popular Boarders 7days| 173 | |
| 165 | |
| 143 | |
| 138 | |
| 105 | |
Top Tracked 7days| 823 | |
| 819 | |
| 724 | |
| 687 | |
|