With start of new financial year 2012-13, a lot would change from today in personal finance space. Here is the list. Good News: Increased Interest on Small Savings Scheme like PPF, NSC, etc: The government has increased interest rates on post office deposits like PPF, NSC, Fixed Deposit, Recurring Deposit, and Senior citizen Scheme in [...]
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In an attempt to encourage participation of retail investors in the capital markets, the government has proposed a tax exemption scheme for equity markets targeted at new investors. Called the Rajiv Gandhi Equity Saving Scheme (RGESS), those investors whose annual income is less than Rs. 10 lakh can invest in it. You will be able [...]
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ELSS (Equity Linked Saving Scheme) also popularly known as Tax Saving Mutual Funds are one of the best investments you can do to save tax and create wealth in the long run. But unfortunately according to the proposed direct tax code ELSS would be a thing of past and it would no more be eligible as [...]
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I found this intersting Question and the corresponding answer on Business Standard & ValueResearchOnline I had invested in ELSS (equity linked savings scheme) funds one year before, but I have not claimed this investment while filing for return. Can I withdraw from the ELSS, though the three-year lock-in is not complete? ELSS are tax-saving funds, [...]
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SIP (Systematic Investment Plan) is one of the best things that happened for Retail Mutual Fund Investors. We have read multiple times that SIP is the way to build wealth in the long run and so on. And I could not agree more. But then are Mutual Funds going overboard by offering Daily SIP? Let’s [...]
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In response to my previous post about Tax Savings Mutual Fund, I got a query – While investing in an ELSS which option should I choose – Growth, Dividend Payout or Dividend Reinvestment? This is a question that haunts most of the new/ First time investors. Actually the problem is most of us don’t know [...]
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If you are the one who’s still to invest for your tax saving this year or would like to start SIP for next finacial year, you got a few more Tax saving fund (ELSS) options. A few days back I posted the list of Best ELSS to invest for FY 2009-10. In this post I would [...]
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It’s the time of the year when companies start asking employees to submit their proofs for investments for tax saving. And all of a sudden you realize you haven’t actually even thought about it. What follow is chaos & wrong investments. The storey is almost at this stage for one of my colleagues. We need [...]
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Today Economic Times has a big advertisement of Sundaram BNP Paribas Taxsaver declaring dividend of 20% i.e. Rs 2 per unit. The payout date is 29th January 2010. As this is a good ELSS Fund and I have also recommended it in my previous posts. So people looking for Dividend Payout or Reinvestment option can [...]
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The “Investments for Tax Saving” Season is on and this post is in continuation with the previous few posts on ELSS (Tax Saving Funds). In one of the post I had said that you should either go for Growth or Dividend Payout Option but never with Dividend reinvestment option while investing in an ELSS. But [...]
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In the recent few posts I wrote about the best ELSS funds to invest and then about how you can invest less and save more tax by opting for Dividend Payout option of Tax Saving Funds. In continuation with the same I have compiled the dividend payout history for last 5 financial years of some [...]
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The Happy New Year feeling is finally over as we are fast approaching the end of Financial Year 2009-10. Well the saddest part of financial year end is you need make all your investments in whatever way you can before March 31st and pay all your remaining taxes. As part of Tax planning and investment [...]
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Income Tax Calculator for FY 2012-13 (Excel Download)
LIC Jeevan Vriddhi: Should you invest?
Disadvantages of Systematic Investment Plan (SIP) and the way out
Life Insurance - Term Plan details
Cheapest Online Term Life Insurance Plans in India - April 2012
Motilal Oswal MOSt Shares Gold ETF NFO – should you invest?
Infrastructure Bonds (Sec 80CCF) no more Tax Saving Instrument - FY 2012-13
LIC Jeevan Vriddhi: New Advertisement
Employee Pension Scheme (EPS) – How good?
Which is the best Demat Account?
Most expensive Tata Nano launched
Pre-Launch of SKM Cambrian Forest in Sector 95 Gurgaon
Personal Income Tax - Common Rules & Regulations in India
SBI Tax Saving Deposit Scheme 2012 - Interest & Annual Yield
Infrastructure Bonds available in February 2012
