Please find herewith Income-tax Rates in India for Resident Individuals / HUF, Domestic Corporates and NRIs on Investments in Equity Mutual Fund Schemes for the FY 2014-15. Budget 2014 saw two changes in the tax applicable to mutual fund investments in non-equity schemes. One is regarding Dividend Distribution Tax (DDT) and the second is regarding…
Convertible BondsDefinition : Convertible bonds give the holder the right to convert or exchange the par amount of the bond for common shares of the issuer at some fixed ratio during a particular period. The ratio determines how many shares can be converted from each bond. Explanation: Convertible bonds combine the features of bonds and…
If you need Time and only have a little, that’s what you’ll use. If you need Space but it’s crowded, go outside. If you need Energy, try drinking a green smoothie for breakfast. If you need Love, it’s already inside of you. If you need Peace, breathe. If you need Permission, you can say yes…
The guidelines on ‘standardisation in health’ list various standard expenses that would be excluded from hospitalisation indemnity policies, or reimbursement health insurance plans through which insurers pay the insured for treatment costs. The insurance regulator has stated 199 basic items for which patients would now have to pay from their pockets, while receiving hospital treatment.…
Definition : Rupee Cost Averaging is the technique of investment in which a fixed sum is invested to purchase securities at a regular interval irrespective of the price. There are two broad ways of investing funds: one by way of one time lump sum amount and another by way of systematic investment (recurring or SIP).…
Building a corpus that will meet all your financial needs during your golden years is critical. Here are ten steps that will help you build an adequate retirement corpus. Start early : Waiting till you are only a few years away from retirement may not give you the time necessary to accumulate the funds you…
Definition : Zero Coupon Bonds or ZCBs have no “coupon” or interest rate/ payments attached during the tenure of the bond. To compensate this, ZCB is issued at a discounted price, which is less than its face value. At the time of maturity, investors receive the payment at face value. The positive difference between the…
Succession Planning is a very important aspect of overall financial planning. But it is being observed that Indians are very poor at this topic and they generally avoid planning for their inheritance. Being a financial planner I come across number of clients and when I discuss with them whether they have planned how their Wealth…
(Source: SEBI Website) SEBI in its Board meeting held on 13th February has approved a Long term policy for Mutual Funds in India and also proposed Tax and Non – Tax incentives if implemented, this could become a gamechanger for the MF industry and thus Congratulate SEBI for this. Long Term Policy for Mutual Funds…
