Mutual Fund View All →

Equity – The Real Gold

By   3 weeks ago

GOLD VS SENSEX RETURNS Gold is the asset class which can be seen in almost every household. It’s the most trusted asset for years & every year you add more to your portfolio in the form of jewellery. And once you buy it, you never sell it. But when it comes to equity or equity […]

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Kaun Banega Crorepati

By   2 months ago

KBC first aired in 3rd July 2000 and was hosted by Amitabh Bachchan, his first appearance on India television. KBC initially offered contestants the chance to win up to Rs.One crore. Till date it has telecasted 8 seasons and expected to telecast it’s 9th and last season in 2017. I remember it was dream of almost everyone to somehow get themselves […]

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Various ways to Invest online in Mutual Fund

By   5 years ago

Mutual fund investors are not exactly a pampered lot today. If you approach an agent for a mutual fund, he will either offer you an excuse or a Ulip/Insurance plan or both. This is the sad truth for the mutual fund industry after the scrapping of entry loads (the bread and butter for many advisers). […]

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Mutual Fund Consolidated Account Statement-FAQ

By   5 years ago

What is a Consolidated Account statement (CAS) Consolidated Account Statement is a single account statement that consolidates financial transactions in all folios of an investor across all schemes of all mutual funds.   Why is Consolidated Account statement (CAS) being issued now? SEBI states that “the asset management company shall ensure that consolidated account statement […]

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List of Mutual Fund Companies in India

By   5 years ago

Click on the website & you will be routed towards the company website   (4833)

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Different types of mutual fund schemes

By   5 years ago

Schemes according to Maturity Period A mutual fund scheme can be classified into open-ended scheme or close-ended scheme depending on its maturity period.   Open-ended Fund/ Scheme An open-ended fund or scheme is one that is available for subscription and repurchase on a continuous basis. These schemes do not have a fixed maturity period. Investors […]

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If schemes in the same category of different mutual funds are available, should one choose a scheme with lower NAV?

By   5 years ago

Some of the investors have the tendency to prefer a scheme that is available at lower NAV compared to the one available at higher NAV. Sometimes, they prefer a new scheme which is issuing units at Rs.10 whereas the existing schemes in the same category are available at much higher NAVs. Investors may please note that in […]

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Must Read View All →

Retirement Planning Expert in Kanpur

By   4 weeks ago

  Hi, we are a Kanpur based Personal Financial Planner. Having experience of more than 5 years in this sector, we have all the expertise, manpower, resources & technology to look after your hard earned money.   Let’s plan for your Retirement days. Will discuss on issues such as:   How much money you need […]

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START EARLY TO WIN THE INVESTMENT RACE

By   1 month ago

“Itni zaldi bhi kya hai, ek-do saal mein investment shuru kar lenge”. This is what I hear from people when I try to motivate them to start investing early. If you are planning to save for your Retirement days or any other long term goals, don’t wait for another 5 years to start, START NOW. […]

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Know about your existing policy

By   5 years ago

  If you are among those who is confused about when to surrender your Child plan/ Insurance plan/ Retirement plan/ Ulip/ Insurance Plan or any other such plan, fill in this form & you will get our recommendation whether to surrender this plan or not & when is the best time to surrender this plan. […]

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Financial Kundali For You

By   6 years ago

  If you are planning to buy a Financial Product such as Mutual Fund, Insurance, Child Plan, Retirement Plan etc or confused about whether to surrender your existing policy or not, ASK us whether the financial product suits your Portfolio or not. We at Financial Kundali will help you choose what’s best for you and will always be […]

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Make your own Child Plan

By   6 years ago

  Planning to buy a child plan !!! how about making a customized child plan on your own. Trust me it’s so simple & in the process you will save upon a huge amount of money because you need not to pay charges such as premium allocation charges, fund management charges etc to the insurance […]

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Got your 1st Salary, How to manage your Money !!!….

By   6 years ago

1st of all Congratulations !!! I know I am not the only one who is wishing you on your 1st job, all of a sudden you must be getting calls from people who are into selling of Life Insurance products 😉   Then there are close family friends who are agents of insurance companies. This […]

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Best Time To Invest

By   6 years ago

    The most common question asked by people all around the world is “What’s the right time to Invest“. The answer to this question lies in just two words “RIGHT NOW”. An example will help you better understand why !!!! Two Investors named Investor A & Investor B started working at the age of […]

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Inflation & You

By   6 years ago

  The most common definition of inflation is increase in prices of goods & services over a period of time. Trust me we are not here to understand the definition of inflation. Let’s see how inflation affects our life & should we really care about it.   What is Inflation for you !!!! Say today […]

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Tax Saving Instrument View All →

Types of Income Tax Returns

By   5 years ago

There are five categories of Income Tax returns. Normal return Belated return Revised return Defective return Returns in response to notices   Normal return Returns filed within the return filing due date, that is 31 July or 30 September of concerned assessment year   Belated return In case of failure to file the return on […]

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Tax Benefits of Home Loan

By   5 years ago

As per the provisions of the Income Tax Act, 1961, you can claim tax benefits on both the principal (under Section 80C) and interest components [under Section 24(b)] of the home loan. These deductions are available to assessees who have taken a loan to either buy or build a house.   Tax benefits on loan […]

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Clubbing of Minor Income

By   6 years ago

  Many of us open a bank saving account or open a Bank Fixed Deposit in the name of our minor childrens. Have you ever thought who will pay tax on that interest amount from FDs or Interest from saving bank account. If you have opened a savings account or a fixed deposit in the […]

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Fixed Deposit Vs Debt Mutual Funds

By   6 years ago

  Fixed Maturity Plans(FMPs) are closed-end debt funds that are quite popular and useful. These FMPs, as they are called, are launched on a specific date for a specific period that can range from 1 month to 5 years. FMPs are an excellent alternative to bank fixed deposits. They generally offer higher returns, especially because […]

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Indexation

By   6 years ago

Planning to sell your House Property, Gold, Debt Mutual Funds, have a look at how Indexation can reduce your Tax Liability. Remember that Indexation can be applied only when the capital asset sold is Long Term Capital Asset. Have a look at few asset class & how they are taxed on the basis of their […]

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Rajiv Gandhi Equity Saving Scheme (RGESS)…what’s in for you!!!….

By   6 years ago

  GET TAX BENEFIT By investing up to Rs.50,000 in the Stock Market If you are among those who are planning to invest in Shares or Mutual Funds, CHEERS!!!… one more reason to invest in these instruments is the tax deduction u/s 80 CCG included from the FY 2012-13 and will continue up till FY […]

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Why to save tax !!!!….

By   6 years ago

  Few days back a good friend of mine Ronak raised an important question…. why to save tax by investing in 80 C instruments where the rate of return is such that it hardly beats the inflation rate !!! Why not pay tax & invest the same amount where you can get a higher rate of […]

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Save Tax on Medical Treatment u/s 80 DDB

By   6 years ago

    Income tax deduction in respect of medical treatment !!!… Yes!!!…, if you are spending money on medical treatment , the government gives you deduction upto certain limits. Lets’s find out various in & outs of this scheme: In whose name, the taxpayer can claim deduction: Self Dependent husband/wife Dependent childrens Dependent parents Dependent […]

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Financial Calculators View All →

S.I.P. Calculator

By   5 years ago

S.I.P. stands for Systematic Investment Plan. Here you need to deposit a fixed amount each month at a fixed rate of interest & you will get the final amount accumulated after a fixed period. This calculator is most commonly used for Mutual Funds return calculation.   (922)

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Future Value

By   5 years ago

  Future value calculator help you calculate the future value of the current amount at a fixed rate of interest. If the time horizon is greater than one year, interest amount is compounded automatically.   (580)

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Target Calculator

By   6 years ago

Enter: TARGET AMOUNT: Amount you wish accumulate in future. RATE OF INTEREST: Rate at which you will invest your money. TIME IN YEARS: Time after which you will need the amount.   You can download the calculator by clicking the green colour excel tab just below the calculator:         Recommended Articles for […]

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Retirement Planning Calculator

By   6 years ago

      Financial Kundali presents a simple excel based calculator with the help of which you can plan your finances for your Retirement Planning. Enter: Age: Your current age Retirement Age: Age at which you wish to retire Life Expectancy: This is very crucial. Prop.er care should be taken while entering this figure. You […]

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1 %

By   6 years ago

1 % !!!! Have you ever had a conversation with your vegetable vendor to give you 1 kg of vegetable for Rs. 50 instead of Rs. 55. I don’t know about you but from childhood I have seen my mother doing this. No doubt it’s a very good habit & one should bargain as much […]

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EMI – LAM Calculator

By   6 years ago

EMI stands for equated monthly installment. I am sure you must have heard this term various a times. Say you purchased a TV from a shop worth Rs.20,000. Since you were not having sufficient money, you agreed upon to pay the amount in 2 years or say 24 equal monthly installment. Also it was decided […]

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Child Education Calculator

By   6 years ago

Financial Kundali presents a simple calculator with the help of which you can easily calculate the Future Education Expenses of you child. All you need to do is: 1. Enter Present Course fees. 2. Present Age Of Child. 3. Years after which the money will be required. Inflation Rate is taken as 10 %. Though […]

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How much time it takes to double your money

By   6 years ago

Investors commonly ask the question: How long would it take to double the amount !!!…Here comes a Handy Rule of 72. It may give you a approx. time in which the money invested will be doubled. Say rate of interest is 9% & you want to know after how much time your money will double, […]

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Policy Reviews View All →

Bharti Axa Aajeevan Sampatti Plus Review

By   5 years ago

    Basic Feature: This is an Investment + Insurance product offering you assured return of 6% / 5.5% on the Sum Assured. The amount will be given to you annually till you reach 85/100 years.This payout will be given to you after the premium paying term of 10/15 years as opted by you.   Limited Pay Period: You […]

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Review: LIC’s NEW JEEVAN ANAND (UIN: 512N279V01)

By   5 years ago

  This is a new policy introduced by LIC in the year 2014. This is an investment + insurance plan where you need to pay a fixed amount for at least 15 years & at maturity you will get a lump sum amount. Your life will be insured till you are alive. Seems good so […]

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LIC’s New Money Back Plan-20 years: Review

By   5 years ago

It is an Insurance + Investment plan offered by LIC in 2014. Here you need to pay premiums up to 15th year. Benefits: Survival Benefits: Here you will get 20% of the Basic Sum Assured at the end of each of 5th, 10th & 15th policy year. At the end of 20th year 40% of the Basic […]

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Review: LIC Single Premium Endowment Plan (UIN: 512N283V01)

By   5 years ago

All you want to know about LIC Single Premium Endowment Plan

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Review: Aajeevan Sampatti – Bharti Axa Life Insurance Company

By   5 years ago

Basic Feature This is an Investment + Insurance product offering you assured return of 5.5% on the Insurance Amount. This payout of 5.5% will be given to you after the premium paying term of 10/15 years as opted by you. The amount will be given to you annually till you reach 100 years.   Let […]

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Charges deducted in a Policy (Insurance + Investment products)

By   5 years ago

    Insurance Products offered by different insurers have varying charge structures. Broadly, the different types of fees and charges are given below. However it may be noted that insurers have the right to revise fees and charges over a period of time.   1) Premium Allocation Charge: This is a percentage of the premium […]

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Review: Aviva Family Income Builder

By   5 years ago

About the plan Pay regular premiums for 12 years & get double the premium amount for the next 12 years. To know more about the plan: Click here   Below table shows how it works. You pay Rs.1 lakh each year for 12 years (minus sign shows cash outflow) & in return you will get […]

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Review: LIC Bima Bachat

By   5 years ago

It’s an Investment + Insurance product offered by LIC. Here you pay a single premium & you will get periodic cash outflow. Here I will explain you why not to buy this product & how Investment in PPF + Online Term Insurance can beat the returns from Bima Bachat. Policy Term: 9/12/15 years Let’s have […]

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Random Articles View All →

What to do with Public Provident Fund at Maturity

By   5 years ago

Public Provident Fund is the best Tax Saving Instrument in India. To know why, read my article on PPF: Public Provident Fund PPF matures after completion of 15 years. On Maturity of PPF Account, you can do the following things:   Case 1. Subscriber can withdraw the whole amount after maturity by applying in Form C. […]

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Partial withdrawal in Public Provident Fund Account Allowed

By   5 years ago

Their is a common misconception that money invested in Public Provident Fund is locked in for a period of 15 years. Here is a good news !!! You can make partial withdrawal from the PPF Account. Let’s see how: A subscriber can make one withdrawal each year starting from 7th year onwards. The first withdrawal can […]

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SEBI prevents attempt to mis-sell an investment product

By   5 years ago

SEBI  prevented an attempt to mis-sell an investment product to an investor in Delhi by a person claiming as agent of mutual funds.   Complain SEBI had received a complaint from an investor  that some unknown persons claiming to be ‘agents’ and ‘brokers’ of Mutual Funds and insurance companies have been contacting the complainant saying […]

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Financial Institutions in India

By   5 years ago

Not happy with your Bank, Mutual Fund, Insurance Regulator !!!! Click on the following websites to register your complain:    (4886)

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What is Leave Travel Allowance?

By   5 years ago

Leave Travel Allowance is an allowance that is usually paid as part of Salary (Annual CTC to be specific) by employers to their employees. The original idea behind the LTA component was to help the employee meet his travel expenses. However, of late it has become yet another component of the CTC and no one cares […]

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Track your EPF a/c online

By   5 years ago

Retirement fund manager EPFO on Friday launched a facility to enable its over 5 crore subscribers to view updated accounts online on real time basis without waiting for their annual PF account slips. Besides this, the Employees Provident Fund Organisation (EPFO) has also announced it would put in place the facility for online PF account […]

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Track Your Area Pin Code

By   5 years ago

  A Postal Index Number or PIN or Pincode is the post office numbering system used by Indian post. The code is 6 digits long. The PIN was introduced on 15 August 1972. There are nine PIN zones in India, including eight regional zones and one functional zone (for the Indian Army). The first digit of the PIN code indicates the […]

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National Pension System (NPS)

By   5 years ago

The National Pension System (NPS) is a defined contribution based pension system launched by Government of India with effect from 1 January 2004. NPS was made available to All Citizens of India from May 01, 2009. Like most other developing countries, India does not have a universal social security system to protect the elderly against economic deprivation.    It has […]

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ALL ABOUT INSURANCE View All →

Term Insurance

By   5 years ago

    What is Term Insurance: It is the purest form of Life Insurance. The reason it is called the purest form is that it does not have any investment part in it. The buyer knows the exact amount which his family members will be getting on his demise. One can compare it with car […]

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Guidelines for new ULIP & Surrender charges

By   5 years ago

When did you last receive a call from a telemarketer selling a unit linked insurance plan ? It must have been a while now. Ulips, which not long ago were the darling of insurance brokers, have fallen out of favour among intermediaries after the new norms for the products came into effect from September 1, 2010. It […]

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Life Insurance Companies Toll Free No’s.

By   5 years ago

Click on the link at the bottom right to download the file.   (7098)

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List of Life Insurance Companies in India

By   5 years ago

List of Life Insurance Companies in India. Click on the website & you will be directed towards the company website. Click on the link at the bottom right to download the file.   (5420)

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In whose name Insurance should be bought in order to avail income tax benefits.

By   5 years ago

Income Tax Benefits of life insurance premium is allowed on premium paid on life of: 1. Self 2. Spouse 3. Children even if they are not dependent on father or mother However deduction on life insurance paid in the name of once parents will not be allowed under section 80 C.   How much Tax […]

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Why to submit two different identity proofs

By   5 years ago

I had submitted my driving licence as a proof of identity and address but still the bank asked for telephone / electricity bill.   There are two aspects of Customer Identification. 1. Establishing identity and the other is 2. Establishing present residential address. For establishing identity, the bank requires any authentic document carrying photo of […]

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Kinds of Life Insurance Policies

By   5 years ago

Term Insurance You can choose to have protection for a set period of time with Term Insurance. In the event of death or Total and Permanent Disability if the benefit is offered), your dependants will be paid a benefit. In Term Insurance, no benefit is normally payable if the life assured survives the term.   […]

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How to make a complaint regarding any type of Insurance

By   5 years ago

If you are unhappy with your insurance company Approach the Grievance Redressal Officer of its branch or any other office that you deal with. Click here for contact details of Grievance Redressal Officers, GRO, of all insurance companies Give your complaint in writing along with the necessary support documents Take a written acknowledgement of your complaint with […]

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BANK FD / BANKING TRANSACTION View All →

Basic Savings Bank Deposit Account / No-Frill Account / Zero Balance Account

By   5 years ago

Banks are generally reluctant to open a zero balance saving account. The reasons can be many, but the most important one is why to spend time on opening an account which has zero balance. But Reserve Bank through a circular made it compulsory for banks to open a zero balance account, technically know as “Basic […]

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Can my wife who is not having any address proof in her name, open an account with the bank

By   5 years ago

At the time of opening of a bank account, banks ask for two proofs: Identity Proof Address Proof This is because ID proof such as PAN card will be the same no matter in which part of India you shift due to any xyz reason but address proof is bound to change in case you […]

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Financial inclusion is need of the hour

By   5 years ago

Even after 67 year of independence, a large section of Indian population still remain unbanked & are unable to access financial products and services. Financial inclusion is a way in this direction to provide banking service to all stake holders in democracy like poor, disadvantage section, widow, small and marginal farmers at an affordable price. […]

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FAQ. Demand Draft

By   5 years ago

In the technology driven banks & financial system in India, where transfer of money is a child’s play (NEFT & RTGS). Though charges involved in transferring money online is negligible, Demand Draft, popularly known as DD is the most trusted payment instrument by organizations all around. Let’s have a look at some known & unknown […]

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Tax Deducted Even After Submitting Form 15 G/H

By   5 years ago

Avoid tds on bank fixed deposit by submitting form 15 G/H

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From where to take loan – for kids

By   5 years ago

Reserve Bank of India presents a comic series “Raju & The Magical Goat” to help understand kids how & where to get loans. Click on the bottom right to download the comic in pdf form.   (7606)

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Rounding off Cheque

By   5 years ago

Rounding off cheques to the nearest rupee Banks are required that all transactions, including payment of interest on deposits / charging of interest on advances, should be rounded off to the nearest rupee i.e. fractions of 50 paise and above shall be rounded off to the next higher rupee and fraction of less than 50 […]

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How to open a Bank Account

By   5 years ago

Help your childrens know the Importance & Procedure of opening a Bank Account with the help of comic series “Raju & The Skyladder” issued by Reserve Bank of India. Click at the bottom right to download the story in pdf form.   (6247)

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