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| News Brief Page : 3 Banking, Finance & Investment | ||
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...................................................................................................................... ' If you want to be a successful investor in stock markets, study fundamentals before taking an investment decision. Don't go by market rumours and casual, unauthentic tips '. ' A bank is place that will lend you money if you can prove you don't need it'. ......Bob Hope. ...................................................................................................................... The Budget papers are printed at the finance ministry press in the basement of the building. Kothari Pioneer was the first private sector mutual fund registered in July 1993. Currency notes are not made out of paper, but blend of cotton and linen. ...................................................................................................................... Where to put your hard-earned money ...... some tax saving schemes Many people rush to make tax- saving investments before fiscal end, but what are the best investment avenues. Should I put my hard earned money in the equity market? Will investing in government bonds give me tax exemption? Investing wisely and intelligently can help reduce the tax you pay. The trick lies in knowing which scheme is best suited for you. Some tax saving schemes PPF PPF gives 8 percent interest, which is tax-free. The minimum amount is Rs.500 and the maximum is Rs. 70,000. No other investment gives so much interest. The PPF account has to be maintained for 15 years. The first withdrawal can be made after six years upto 50 percent of the invested amount. This by far is the safest bet, as it is more liquid than other schemes. Also, it cannot be attached by the government or court. Life Insurance Premium This is a fixed commitment wherein you have to pay the premium even if you are not earning. You cannot also increase or decrease the premium amount. Most schemes offer 15 or 20 years term or assurance. National Saving Certificate The maximum investment is Rs.70,000 for tax benefit. Beyond that there is a minimum lock-in period of three years after which you can take loan. Equity Linked Saving Scheme It is like a mutual fund, but here you get tax benefit. So, make sure you invest only in such schemes. The maximum you can invest is Rs.10,000. Infrastructure Bonds These are mainly for capital gains tax. If you have income from property you can save tax by investing in infrastructure bonds.
EQUITY
INVESTOR’S CHECKLIST Know
thyself Understanding
your current financial situation and ascertaining your attitude towards risk is
crucial. Be
practical
While setting your expectations, make a realistic estimate of the type of
returns you expect from the investment. This may be a cliché but it is true:
past performance only provides an indicator of the historical returns and there
is no assurance that the Information is
power Information
empowers you and gives you the extra edge. Ask as many questions as possible –
after all, it’s your hard earned money. Make sure that you have all the
relevant information and have understood it before making any decision. Understand
the risk-reward relationship There is
no ‘right’ time Trying to
time markets is next to impossible. Your investment decision should be based on
the careful analysis of your situation rather than market conditions. Investing
is not a 100-meter dash, it’s a marathon Keep
your emotion at bay Emotions
tend to overwhelm us whenever there is a significant shift in market conditions,
be it good or bad. An objective and deliberate analysis of the situation, taking
into consideration the investment objectives and time frame, is an absolute must
for achieving financial success. Stick to
your plan but review it Before
making the investment decision, evaluate how it affects your current asset
allocation plan. As time passes by, your life stage changes and so do your needs
as well as income. You need to periodically monitor and review your investment. SNIPPETS JM MF unveils
MIP Fund JM mutual fund
has launched a monthly income scheme christened JM MIP Fund. The open-ended
income schemes aims to generate to regular income through investment in fixed
income securities to provide periodical income distribution to unitholders and
also generate long term capital appreciation by investing a portion of the
scheme’s assets in equity and equity related instruments. BoB MF
launches 2 new schemes BoB Mutual Fund
has added two new schemes to its basket of funds-a balance and a growth fund-in
a bid to round off the existing bouquet of schemes. The objective of the two
equity related schemes is to generate long term capital appreciation through a
well balanced portfolio consisting of equity and debt. MFs declare
average AUMs now Several leading
fund houses are now declaring their average monthly assets under management (AUM)
instead of the value of assets as on the last day of the month, industry sources
say that this will ensure that the investors get a more realistic picture of the
quantum of funds managed by the mutual fund. PF subscribers
can invest 90% of funds in Varishtha Subscribers to
the Employees Provident Fund (EPF) can now withdraw up to 90% of their
individual accruals for investment in the Varishtha Pension Bima Yojana. ICICI Lombard
unveils student travel cover ICICI Lombard has
launched a travel insurance scheme for students going abroad for higher studies.
The company’s ‘Globetrotter Student Travel Insurance Scheme’ offers
medical cover, boil bond for student arrested detained by police aboard, study
intrruption cover and sponsor protection in the event of death of the sponsor.
The sheme has two plans-‘Elite’ and ‘Classic’. While classic is pure
health product, the Elite scheme offers added features IL&FS
Assets unveils two product IL&FS AMC has
simultaneously lauched two new products christened IL&FS Dynamic Equity Fund
and IL&FS Floating rate Fund, in both the equity and debt segment. IL&FS
Dynamic Equity Fund is a flexible and dynamic equity fund which can move quickly
in and out of stocks, sectors and the equity market as a whole. It can even move
in to the debt markets, depending on the market outlook. |
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