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- Liquid funds can be a alternative to savings accounts
- Employees Provident Fund - No impact on your retirement corpus
- What is Technical Analysis of Stocks?
| Liquid funds can be a alternative to savings accounts Posted: 04 Feb 2014 01:22 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
· For one, they mostly invest in instruments with high credit rating. · Two, the NAV of liquid funds is not volatile as the only change in their NAV is mostly as a result of the interest income that accrues. This makes these funds a safer place to park your money.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- 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 )
------------------ Best Performing Mutual Funds
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| Employees Provident Fund - No impact on your retirement corpus Posted: 04 Feb 2014 12:54 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
With EPFO capping the contributions to your pension scheme, you could look at other pension plans
As the Employees Provident Fund Organisation (EPFO) has capped the monthly contribution to the Employee Pension Scheme 95 ( EPS 95) to a maximum wage ceiling of ₹ 6,500 or acontribution of ₹ 541, it leaves those desiring extra pension in their retirement years to scout out other alternatives.
The EPFO has capped the contribution to EPS 95 to a wage ceiling of ₹ 6,500 for fresh cases. The order from the EPFO states that "contribution to EPS- 95 on higher wages would not be allowed and shall be limited to wage ceiling (₹ 6,500)". In some cases, employers were contributing more based on requests from employees.
According to EPFO rules, employees have to contribute 12 per cent towards EPF and the employer has to match the amount. Of the amount contributed by the employer, 8.33 per cent has to go towards pension, and ₹ 541 works out to 8.33 per cent of ₹ 6,500. Now the EPFO has mandated that the contribution to pension should not exceed ₹ 541, irrespective of the salary of the employee.
This is unlikely to make a huge difference to employees, since it means that the extra contribution will now go to your regular employee provident fund (EPF) account instead of the EPS 95 scheme.
However, while this option was available many employees did not avail of this facility. Most companies in India contribute only ₹ 541 as of now and not more, which is the mandatory amount to the pension component, perhaps due to lack of awareness. As contributions towards pension will come down, employees can now build a larger provident fund corpus and also make larger withdrawals, if needed for special situations such as a marriage or construction of a house. In a way, the cap on investments is not going to make amaterial difference as, on the one hand, pensions will reduce, but ones provident fund account will accumulate a larger corpus. On the other hand, the EPS 95 scheme pays a monthly pension to its members. But now if you were planning to contribute more towards your pension account, experts suggest you could, using the funds from the provident fund corpus, immediately purchase annuity products such as annuity plans from insurance companies.
To avail of the pension, the EPS 95 rules state that you have to have worked for 10 years and have passed the age of 58. If you have put in less than 10 years of continuous service, you can withdraw the pension amount, but will not get any interest on it. So, you are perhaps better off with lower pension amount and more going toward your provident fund, which you can withdraw as a lumpsum. Those who feel that they are better off securing a higher pension, that is monthly income rather than a lumpsum, should start investing in the National Pension Scheme. This would allow one to build a corpus and provide regular income when one retires. Since the fund managers under the NPS have the option of investing in equity and debt instruments, returns from them can work out to be quite attractive over the long term.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- 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 )
------------------ Best Performing Mutual Funds
|
| What is Technical Analysis of Stocks? Posted: 03 Feb 2014 10:16 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
So when you study prices and you try to predict or try to look at future trends that is in all its simplicity technical analysis. And how that really happens is that you will notice that human beings commit the same errors time and again or human behavior is repetitive so through prices we see that whenever the prices are behaving in a certain way the mass psychology or most people are going to behave in a certain way. So based on that we try to predict future prices. Any big market top you will notice that is when the euphoria is at the highest, the optimism is the highest, the leverage is the highest and this is what really makes the market tops. So this is something whether it was true in 1900-1920, 1950, 2000 and 2013. So repetitive human behaviour when we study it through prices we are able to identify trends and by riding these trends is what we try to achieve in technical analysis. So in all its simplicity it is a study of price and volume and nothing else.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- 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 )
------------------ Best Performing Mutual Funds
|
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