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| Posted: 05 Sep 2016 05:51 AM PDT PPF account limit for minorThe total amount that you can invest in all PPF account for self and minor put together is only Rs 1.5 lakh You can operate a PPF account for your minor children. However, the total amount that you can invest in these accounts put together is only R1.5 lakh. If you have more than one child, you can open an account in each child's name. But the overall investment limit would still remain R1.5 lakh. Also, only one of the spouses can open an account in the name of their child or children, so each child can have only one PPF account.
If it is found that you have been investing more than R1.5 lakh totally, the bank or the post office where you have accounts would return the excess amount to you without paying any interest. So it will be advisable to contact the bank and inform them about the same and they will guide you with the withdrawal of the excess deposits. ------------------------------ Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) Fund 9. Religare Tax Plan 10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call ------------------------------ Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 ------------------------------ |
| Posted: 05 Sep 2016 03:51 AM PDT Existing SIPs of an NRI can be continued after the change in residential status Your existing SIPs can be continued even after your residential status changes to an NRI. However, you will need to do update your KYC with the change in status and submit the relevant documents. Also your NRE/NRO account will have to be linked with your SIPs. ------------------------------ Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. IDFC Tax Advantage (ELSS) Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call ------------------------------ Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 ------------------------------ |
| Posted: 05 Sep 2016 02:03 AM PDT 1. What's in store?
Interestingly , the almost 1% rise on Friday was driven by a fair bit of short covering across these two options strikes. Short covering means those who sold these options (to the buyers) covered their shorts by buying them back at a loss or to pre vent a potential loss. This indi cates that the markets could break 8700 in the near term quite convincingly . 2. Where could Nifty head?
3. What reinforces this possibility?
The open interest (outstanding positions) of 8700 declined by 4.87 lakh shares to 45.71 lakh shares; OI of the 8800 call slipped by 5.7 lakh shares pushing the option price up by 39%. Sellers of the options are worried these levels could be breached, subjecting them to huge losses. So, to either pre-empt losses or to cut them sellers have bought back the shares. 4. What's the chance of a correction, going by options data?
5. What's a call and put option?
------------------------------ Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. IDFC Tax Advantage (ELSS) Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call ------------------------------ Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 ------------------------------ |
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