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- Download REC Tax Free Bond Application Forms
- Analyse insurance need before buying a scheme
- How to Choose the right insurance policy ?
- REC Tax Free Bonds
- Term Insurance
- How to Read Mutual Fund Statements ?
- Sometimes it is a good Idea to revive lapsed Insurance plans
- Invest in well managed mutual funds
| Download REC Tax Free Bond Application Forms Posted: 10 Mar 2012 04:09 AM PST Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Analyse insurance need before buying a scheme Posted: 10 Mar 2012 03:01 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form Premium towards your life insurance and health insurance policies qualify for deductions under Section 80C and 80D of the Income Tax Act, but that should never be the objective of buying an insurance plan nation of insurance and investment. Insurance company invest the premium in different assets like stocks, bonds or government securities after AS WE reach in the last quarter of the financial year, life insurance companies are projecting different objectives of insurance targeting individuals who fail to do their tax planning earlier and start investing in tax-saving schemes without keeping any goal in their mind. As earlier insurance companies were asking you to buy life insurance to protect your family and helping you to achieve your financial goals, suddenly they have shifted their focus on saving your tax.
When they say that they want to save your tax, they actually mean to say that they want your money. Other day, somebody asked me that because it is proposed in the new direct tax code (DTC) that the limit of deductions towards premium of life insurance, health insurance and children tuition fee will be Rs 50,000 and as he is already paying more that Rs 50,000 towards his children school fee, should he surrender his life insurance policy? I thought, is it really a reason for people to continue or surrender their life insurance policy. Usually people buy insurance without a real understating of why they do so. In my financial planning practice, when I ask people the reason for buying multiple life insurance policies before they approach me, some common answers received are, that it was recommended by a colleague, they learnt about it through a TV commercial as best tax-saving instrument or bought it under obligation from friend or relative. Study confirms that life insurance policies bought just for tax planning and without keeping any financial goal in mind are surrendered before its due maturity. Basic objective of insurance is to manage financial risk. Different kind of risks can be personal risks like premature death, poor health and old age without having sufficient income or property and liability risk. There are various forms of insurance to manage these risks, and the objective of all is to protect people against unexpected loss. Most common type of insurance are life insurance, health insurance, critical insurance, personal accident and property insurance like motor or home insurance. Premium towards your life insurance and health insurance policies qualify for deductions under Section 80C and 80 D of Income Tax Act, respectively, but that should never be the objective of buying insurance policy. If tax-saving is your objective, then there are much better schemes that provide you higher liquidity and returns. Insurance policies are not good investment options as they fail to create wealth due higher cost involved in them. Objective of life insurance is to provide financial support to the family in case of untimely death of the life assured and therefore, life insurance should be bought on the life of the bread winner and not on the life of spouse or children. If spouse is also an earning member and is contributing to household expenses then he/she may buy life insurance policy on his or her life. Money received through life insurance claim can be used for repaying the debt, can be invested to manage household expenses of your family members and to achieve your other financial goals like children education and marriage. Pure term insurance policies best serve this purpose. Term insurance plans do not offer you any maturity benefit, but these are the best plan as they offer high death benefit against the small premium you pay. There are also other type of life insurance plans like endowment plan and unit-linked insurance plan (Ulip). Endowment and Ulips are basically combi life insurance policy. --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| How to Choose the right insurance policy ? Posted: 10 Mar 2012 02:19 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form If someone is trying to sell you a life cover in your later years, do not hesitate to say 'no'. Most risk-averse people consider an insurance cover as one of the most trusted investment vehicles after bank fixed deposits. Life insurance covers the risk of early death of the breadwinner. Such a policy compensates for the financial loss that the dependants might endure in case of the tragic event. To sum it up, members who are not earning, including senior citizens, children and homemakers, don't need life insurance. In case the spouse also brings home a handsome pay packet, the family might not be in financial crisis due to loss of one income. Further, if an individual doesn't have dependents, the life insurance policy is simply a waste of hard-earned money. Often, a middle aged person's debts and liabilities far exceed the assets he would have augmented. His need for the umbrella of insurance cover is high. On the contrary, a person in his later years would have cleared his debts such as home loan, and would have augmented sufficient assets. Hence, there is no need for a life cover.
A retired person loses the medical cover that he had from his employer. Hence, it is critical that he has a medical insurance cover to help meet hospital expenses. The cost of healthcare has shot up. A simple check-up and visit to a hospital can drain your wallet of several thousands. With a predicted senior citizen's population touching 112 million by 2015, the special needs and healthcare of the elderly cannot be ignored. Categorised under high risk segment, such covers whose premium is directly proportional to the age are unfortunately expensive as one grows older. For someone above 60 years of age, the health insurance premiums will be very high and the need for medical cover needs to be thought over again. Many companies do not include parents in their group health insurance plans. Some companies help negotiate the price and benefits, and simply facilitate cover for employees' parents.
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you
Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Posted: 10 Mar 2012 01:45 AM PST How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Posted: 09 Mar 2012 11:00 PM PST
Insurance should be 12-15 times the insured's annual income LIFE can be very unexpected. Therefore, financial experts recommend individuals who have dependants, to buy a term insurance policy that will provide financial support to the dependants incase of his death. Although the amount of insurance cover depends on the liabilities of a person such as loans taken by him, living and future expenses, the insured's age, occupation, number of dependant children, assets he holds and other factors, it should be at least 12-15 times the insured's annual income. Term insurance policies do not offer any maturity benefits and, are therefore, cheaper than the regular policies. There are various types of term plans in the market. Here is an overview on the most popular category of term plans available and when should one can consider a particular type of term plan: ■ Pure term life insurance plan: In this plan, the policyholder is covered for a specific period. In case he dies during the term, the policy will pay the cash benefits to the beneficiary. However, in case the policyholder survives the tenure of the policy (and does not renew the policy), the coverage will get ceased. If the policyholder dies after the coverage ceases, the beneficiary will not be paid any benefits. Life insurance companies offer the options of reducing term cover, increasing term cover and term convertible option in a pure term insurance policy. ■ Term insurance plans with return of premiums: A large segment of individuals hesitate in buying term insurance just because they would not get anything if they survive the policy tenure. For such customers, insurers offer an option of return of premiums. Should you survive the term, you get back all the premiums you paid. It could be with or without interest. However, these plans are expensive, in case you want to buy a higher cover say Rs 50 lakh and above. Term convertible policy: This is a combination of a pure term policy with the option to convert the policy in the middle of the tenure into a whole life plan or an endowment plan. In such a case, all the premiums paid towards a term plan are converted towards an endowment or a whole life plan.
A term convertible plan is suitable for people in their 40's who expect their income to increase. Such customers can convert their plan into a legacy plan. Mortgage-reducing term assurance plan: This category of term plans is targeted at those who have taken home loans. The insurance amount is equivalent to the outstanding loan amount and progressively decreases in the same proportion as the loan amount is paid back through regular equated monthly instalments (EMIs). Such a term plan helps a bank recover the loan amount in case the borrower dies. Return of premium types of term plans should not be considered as they are very expensive if you want to buy a higher cover. People should separate their insurance and investment needs and stick to a pure term plan. The second best option would be to buy a term plan with increasing life cover as you require more insurance when you are young and less insurance as you grow old. --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| How to Read Mutual Fund Statements ? Posted: 09 Mar 2012 09:29 PM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form Investors, typically, take advice from friends, relatives or brokers to buy stocks or mutual fund plans—often, out of sheer laziness. Even informed investors commit this mistake. But those who do their homework and conduct due diligence before putting in their money could stand to gain significantly. In the case of companies, it is their balance sheet which contains the relevant details. But, for mutual fund investors, it is the fact sheet of the fund. This is a booklet containing vital information about each of the schemes of that particular mutual fund. One should read it not only before investing, but also after investing. People should ask for fact sheets from their advisors and respective fund houses on a regular basis. It updates the investor on the funds performance and any changes that take place. For instance, any change in the schemes expense ratio is something the investor would want to know about After the circular sent by the Securities and Exchange Board of India (Sebi) to fund houses in this regard, mutual fund firms have been issuing new fact sheets since September 2011. Performance scorecard: The fact sheet walks investors through the performance of the scheme through boom and bust periods. Currently, fund houses provide data on performance over four one-year periods, compared to a single one-year performance data earlier. Second, the returns have to be shown in percentage form, and the manner in which an investment of ~10,000 grew during the one-year periods. Earlier, most equity funds showed their past one-, three and five-year returns only. The new fact sheets help compare like with like in a time period. Earlier, fund houses gave returns earned since inception, which was misleading, as every scheme had started at a different stage. Investors, instead of blindly investing, should know what fact sheets indicate. More, the portfolio turnover ratio that only the fact sheets show is an important matrix to compare schemes. Track the fund manager: The fact sheet announces its fund managers and chief investment officers — another important indicator globally. However, in India investors are yet to begin the practice of actively keeping track of their fund manager. The portfolio: This is an extremely important part, as it tells you the exposure of the fund to different sectors. The objective and ratings for equity and debt funds are stated separately. Although ratings are important, these cannot be the sole deciding factor. But with this, one is sure of not being mis-sold. Standard deviation and Sharpe ratio: Standard deviation indicates the manner in which returns have deviated from the average, whereas the Sharpe ratio shows how well the portfolio has performed in relation to the risk borne. This is again very useful. Reason: Although one portfolio can reap higher returns than its peers, it is a good investment only if those returns do not come with too much additional risk. The fact sheet is a booklet containing vital information about each of the schemes of that particular mutual fund.
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Sometimes it is a good Idea to revive lapsed Insurance plans Posted: 09 Mar 2012 08:17 PM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form
Insurance should be taken after giving sufficient thought to your requirements. Like, for how long it is needed and what kind of policy may suit your needs and so on. And insurance plans may not be required to satisfy every need. In many cases, insurance is taken without understanding the product, benefits, tenure, liquidity and other aspects. It is bought on sheer recommendation or to help a friend /relative or to save tax in the eleventh hour. The last two reasons are the most common ones. As a result, most policies which are bought do not suit the buyer's requirement. Therefore, when new clients come for financial planning, planners find a whole host of lapsed policies, which can or cannot be revived. Here's how financial planners decide on whether to retain clients' lapsed policies or not. You could also review your insurance holding in the same way. Firstly, look at it from the point of cash flows. For that, you need to look at the amount of insurance or total cover that the policies are offering and the premium that you are paying towards all the policies. If the amount of insurance is low and the premium is also low, not putting pressure on the cash flows, in terms of goal achievement, then the policies could be retained. But before that, you could also check if some of these policies are high cost, low return ones, in which case even if the premium is low, it may be a good idea to get rid of them. For that, study the surrender costs and the money you would get after surrendering such a policy. You also need to see the suitability of a policy in the overall plan. Does the policy suit your requirements? Does it meet your cash flow, returns and liquidity needs? If it does not, it may be better to remove the policy from your portfolio. On answering these questions, some of the policies would be found wanting. They would be the right candidates to consider for surrender. But, there are other points to consider before that. One major problem in some cases is that policyholders pay such huge premiums that impact the achievement of short- and long-term goals. In such cases, either one has to stop paying the premiums and make it paid-up or surrender the policy. In case a policy is paid-up, there will be no need to pay money for those policies and the payment would come in only at the end of the policy tenure. If that suits you, opt for it. Here, the existing cash going for paying the premiums can be utilised for other investments / goals. In other cases, not only does premium payment need to stop but also the amount locked up in an insurance plan should also be freed to be deployed profitably to achieve goals. However, one needs to understand that when one surrenders a policy, the amount that one gets back is very low. Say, one had bought an endowment policy of ~1 lakh for 20 years and is surrendering after 10 years. The surrender amount would work out to approximately ~42,000, whereas the premium paid over the 10-year period would be about ~36,000. Endowment policies typically, earn in the range of 5-6.5 per cent and money back policies make 44.5 per cent. Returns from unit linked insurance plans (Ulips) are market determined. The good thing about insurance policies is that the maturity proceeds are tax free. From that perspective, consider the policies taken as part of their debt investment portion, where such investment is integral to the plan. It may compare well with an investment in National Savings Certificate (NSC), which would offer that kind of returns to a taxpayer. If you are not a taxpayer, then insurance policy proceeds do not offer much attraction. Children plans are not of much use as a child is the life assured, and who are dependent on their parents. These policies can be paid up or surrendered. Financial planners often find policyholders holding lapsed policies. Some of these could be revived. But that would vary. If a policy is a right fit, it can be revived. Also, if the person may not be in a position to get new insurance, revival may be a good option. However, on application to revive a policy, they would ask for the person's medical condition. If that has deteriorated, it may be difficult to revive the policy. In case of a term insurance policy, it may not make any sense to revive it as one has to pay premiums for the periods one has already survived. It would be better to consider taking a new term policy itself. After this exercise, we suggest taking appropriate life cover through term policies, which are very inexpensive these days. Most people, including insurance companies have forgotten that the primary job of an insurance policy is to offer protection. But, that is the most important aspect to consider — to protect a family against an unfortunate calamity. This is what we have to keep in mind. --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Invest in well managed mutual funds Posted: 09 Mar 2012 06:47 PM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form
AS WE enter 2012, BSE Sensex is down by more than 25 per cent from the peak level of around 21,000 it touched in January 2008, and a level it again tested at the end of 2010. Equity investors in India have been disappointed by the returns they have got over the past four-five years.
Since 1979 too, over the past 32 years, from a base of 100, BSE Sensex has risen to the present level of around 15,400, a 17 per cent compounded annual returns till the end of 2011. This in a sense captures the way the equity market has played out in India. Equities may not yield returns for several years and test the patience of investors; yet over very long periods of time, have rewarded investors well. India is faced with problems in the near term with regard to some of our key macro-economic parameters, such as higher fiscal deficit and high inflation, leading to high interest rates, resulting in slower economic growth and a higher current account deficit and slower capital inflows into the country, leading to weakness in our currency. Lack of and slow policy response from the government is not helping matters either. The euro crisis has added further uncertainty to the global economic landscape. All these have resulted in earnings disappointments from many sections of the market and consistent earnings downgrades. The earnings downgrade season does not seem to have ended. So, on the whole, sentiment in the equity market is down and it is keeping the market under pressure. However, in this gloomy scenario, there are some positive takeaways. Firstly, Indiaspecific issues, such as inflation are at least likely to show a cyclical leg down because of base effect and slower economic growth, and, in any case, are less structural than the problem of the end of debt super-cycle being faced by developed markets. The solutions to the many issues that the Indian economy faces are known. Finally, investors would do well to remember that investment returns in the equity market are counter-cyclical to the prevailing sentiment in the market. When sentiments are down and the near term looks not so rosy, what benefits long-term investors are low valuations and the ability to buy promising businesses cheap. Ultimately, superior equity market returns are about "buying low and selling high". While poor near-term sentiment may be disheartening, it allows us to buy low. With a significant leg down in the market in 2011, valuations in the Indian equity market have substantially corrected, both on price-to-earnings basis and price-to-book value basis, and it is trading at a discount to historical averages. Therefore, I believe that investors should use the present weakness in the equity market to systematically continue to invest in well-managed equity mutual funds and should continue to maintain the right weightage of equities in their overall asset allocation based on their age, risk tolerance and financial goals. --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
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