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RANJAN
Platinum
Retired after 28 years from BANK OF INDIA. 7 Years experience in INSURANCE & Mutual Funds as ADVISOR. 35 years experience in Equity Market. Today I find youngsters earning well. But they are putting too much money in INSURANCE. People should buy only Term Insurance.Most of the time I am educating people with free advise.Mutual funds are the best investments for most people because most of them do not have the time,knowledge or money. So a long term SIP in valueresearch rated funds is the best way to make money.Also have a personal Mediclaim policy even if you are covered by group Mediclaim. Feel free to write to me at ranjankar@gmail.com. I am Chennai based.
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08 Sep 2008 09:19
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08 Sep 2008 09:08
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As suggested by Roundrock - you need investment - not insurance for your new born. For investment go for SIP in diversified equity funds.
But at first take enough PURE TERM COVER for yourself. Insurance is not Investment. Insurance schemes give far less returns than mutual funds. ...
But at first take enough PURE TERM COVER for yourself. Insurance is not Investment. Insurance schemes give far less returns than mutual funds. ...
06 Sep 2008 16:16
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You have the option to continue or stop.
If you stop - your loss will be minimal.
If you continue - the loss suffered by you in the long run is huge.
The returns are pathetic. Create a corpus in diversified equity funds and then go for an immediate annuity scheme at retirement.
Your pension will be more than 3-4 times what the policy is likely to give. ...
If you stop - your loss will be minimal.
If you continue - the loss suffered by you in the long run is huge.
The returns are pathetic. Create a corpus in diversified equity funds and then go for an immediate annuity scheme at retirement.
Your pension will be more than 3-4 times what the policy is likely to give. ...
04 Sep 2008 19:54
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04 Sep 2008 19:48
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Your total repayment for the year is EMI x 12
End of the year your bank will give you the breakup of your total amount repaid. Initially 90%(approx) of your EMI goes towards interest and balance towards principal. Over the years the interest amount keeps decreasing and principal amount repayment keeps increasing.
You can claim 80C benefit for the principal repayment upto 1 lakh ( incuding all other investment avenues) Interest upto 1.5 lakhs is fully deductible from your gross income.
Any prepayment made get the breakup. You can claim 80C benefit. ...
End of the year your bank will give you the breakup of your total amount repaid. Initially 90%(approx) of your EMI goes towards interest and balance towards principal. Over the years the interest amount keeps decreasing and principal amount repayment keeps increasing.
You can claim 80C benefit for the principal repayment upto 1 lakh ( incuding all other investment avenues) Interest upto 1.5 lakhs is fully deductible from your gross income.
Any prepayment made get the breakup. You can claim 80C benefit. ...
04 Sep 2008 19:37
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04 Sep 2008 19:31
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