Responsive & Mobile Design

Life Insurance is assurance by the Insurer that upon the demise of the insured person the claim amount as per the contract or agreement will be paid to the nominee of the Insurance holder in exchange of the premium paid by the insurer for the same. The payment of premium can be on the monthly, quarterly, yearly basis depending on the terms agreed upon. There are various types of Insurance policies in the market which not only provide Life cover…Continue Reading >

Responsive & Mobile Design

Balanced Funds are a kind of mutual fund scheme which offer Investors security, returns and moderate capital appreciation. These funds are also known as Hybrid Funds. Here the funds are invested in certain proportion in Equities as well as Bonds. The idea of the fund is protect the investment of the investor and provide decent return at the same time. These are considered as safer investment option as the fund is diversified in fixed return investments as well as equity…Continue Reading >

Responsive & Mobile Design

BACKGROUNDMutual Fund was first setup in Indian in 1963 with the creation of Unit Trust of India (UTI) and it enjoyed the monopoly through chain of financial intermediaries and amassed around `6800 crores of assets under its Asset Management setup. Later on other Public Sector Units like Life Insurance Corporation (LIC), Banks, General Insurance Corporation (GIC) were allowed to enter the Mutual Fund Market. However with the creation of SEBI in 1993 the private sector players were also allowed to…Continue Reading >

Responsive & Mobile Design

Portfolio Management is professional management of Investments to ensure that optimal use of fund is made in order to achieve accelerated growth of return on the investment. It involves detail analysis of the market scenario and decision making related to different financial products in the market. Portfolio Management may sound very easy to some but in practical scenario it’s not that easy as it has to be done after taking a lot of parameters into consideration. First of all let’s…Continue Reading >

Responsive & Mobile Design

Public Provident Fund (PPF) scheme was introduced in 1968 by the Central Government of India and is one of the tax saving small saving scheme. PPF provides guaranteed returns along with Tax Relief on the Investment. Considered as an ideal investment scheme for risk averse investors as it offers decent returns when compared to other fixed return instruments. It is risk free investment plan and does not get impacted due to market fluctuations as observed in Equity Linked Schemes (Stock…Continue Reading >

Responsive & Mobile Design

National Saving Certificate (NSC) was started by the Government of India post Independence as fund was required to speed up the developmental work and also with a motive to inculcate the saving habits among the People. It is a Tax Saving as well as Investment option at the hands of the investor. The tenure of Investment in the NSC varies from 5 years and 10 years (Discontinued) at the present. Before 2011 the minimum tenure for investment was 6 years…Continue Reading >

Responsive & Mobile Design

“INVESTMENT”: What does it mean?In simple term it means any action or process of putting your present money or earnings in to any instrument or financial product which would provide good return on fund put in, it can also mean accumulation of assets which have the potential to appreciate in the future thereby enhancing the wealth of the concerned individual. Some though might invest to safe guard against any future shortcomings and also to cover their medical expenses in case…Continue Reading >

Responsive & Mobile Design

Over the last 5 yearsOver the years we have witnessed a slowdown in the Indian Economy characterized by low GDP, charges of corruption and lack of reforms. The global economy too has not fared well either. The scars of 2008 recession can still be seen in the market coupled with lack of reform measures. Moreover the post 2008 era was marked with controversies and allegations against the Government. We have also witnessed the Rupee hitting the all time low of…Continue Reading >

Responsive & Mobile Design

Individuals whose Annual Income is above `2,00,000/ p.a- will be liable to pay Taxes on the earnings above the prescribed amount. However those earning below `5,00,000/ p.a- will get a Tax Credit of `2000/- on the Tax payable. Now we will look at the Tax Deductions available under the Income Tax Act and Sections applicable. We would also find out Investment and Saving options which could be availed. DEDUCTIONS U/S 80CDeductions are available to the Individuals under Section 80C, 80CCC &…Continue Reading >

Responsive & Mobile Design

The evaluation of Financial affairs and Investments to reduce the burden of Tax on an individual is known as Tax Planning. It is quite a board term and includes Tax Management with it. Tax Management merely looks into the compliance with the Statutory Tax Laws with regard to disclosure of Income and filing within specified time. While Tax Planning looks at the legitimate ways by which the Tax liability could be brought down to minimum. It steers clear from the…Continue Reading >