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Date : Fri, 20 Jul 2018 23:32:56 +0530

No-confidence motion: Narendra Modi tears into Rahulâ??s hug and wink spell as govt crushes motion in LS

No-confidence motion: Narendra Modi tears into Rahulâ??s hug and wink spell as govt crushes motion in LS The motion was defeated with 325 members voting against it in the governmentâ??s favour and 126 for it (backing the Opposition)

Date : Fri, 20 Jul 2018 23:31:53 +0530

Key highlights from Prime Minister Narendra Modi#39;s speech in Lok Sabha

Key highlights from Prime Minister Narendra Modi#39;s speech in Lok Sabha In his speech, Modi took a jibe at Congress president Rahul Gandhi and said the earlier hug "...was a trial to gain support to become PM. This is not a floor test of my government. This is a forced test by the opposition."

Date : Fri, 20 Jul 2018 23:02:20 +0530

Instagram will soon have Facebook-like green dot, indicating user is online

Instagram will soon have Facebook-like green dot, indicating user is online The feature is similar to Facebook which lets users see if their friends are online. However, users can hide the activity status by going in Settings and turning off the Show Activity Status option.

Date : Fri, 20 Jul 2018 22:51:02 +0530

Motorbike taxi startup Baxi to start delivery app in partnership with Patanjali

Motorbike taxi startup Baxi to start delivery app in partnership with Patanjali Baxi will provide bikes to Patanjali employees to delivery products from its retail outlets.

Date : Fri, 20 Jul 2018 22:24:38 +0530

Shapoorji-Allianz could buy WaveRock in Hyderabad for Rs 2,000 cr: Report

Shapoorji-Allianz could buy WaveRock in Hyderabad for Rs 2,000 cr: Report The JV overshadowed contenders such as InterGlobe Enterprises and Canada Pension Plan Investment Board in the race to buy the office space.

Date : Fri, 20 Jul 2018 22:20:15 +0530

TaxiBot to help Delhi airport save fuel and reduce emissions

TaxiBot to help Delhi airport save fuel and reduce emissions DIALâ??s airport operator said that the performance would be assessed for large-scale implementation after its trial period of 3 months.

Date : Fri, 20 Jul 2018 22:13:10 +0530

Maruti Suzuki to launch 2018 Ciaz in early August, may miss out on 1.5 litre-diesel engine

Maruti Suzuki to launch 2018 Ciaz in early August, may miss out on 1.5 litre-diesel engine Numerous spy shots have been doing the rounds on the internet and they have given us fair insight into what it could look like.

Date : Fri, 20 Jul 2018 22:08:10 +0530

Encrypted test papers may be used to permanently avoid question paper leaks: CBSE

Encrypted test papers may be used to permanently avoid question paper leaks: CBSE With this new secure way of using question papers, a unique login information will be provided to each examination centre.

Date : Fri, 20 Jul 2018 22:07:53 +0530

Microsoft#39;s annual revenue crosses $100 billion for first time

Microsoft#39;s annual revenue crosses $100 billion for first time The biggest contributor to the milestone in income generation was Microsoft#39;s cloud service, which includes Azure, Office 365 and Dynamics 365. Together with Windows Cloud, it raked in revenues to the tune of $23 billion.

Date : Fri, 20 Jul 2018 22:04:22 +0530

Wipro betting on digital revenues to boost growth across segments in upcoming quarters

Wipro betting on digital revenues to boost growth across segments in upcoming quarters The growth in BFSI was also majorly attributed to digital deals, he added.

Date : Fri, 20 Jul 2018 21:55:05 +0530

HC favours #39;workable solution#39; to curb metro noise in Mumbai

HC favours #39;workable solution#39; to curb metro noise in Mumbai A division bench of Justices A S Oka and Riyaz Chagla asked Mumbai Metro Rail Corporation Ltd (MMRCL) and residents complaining of noise pollution to arrive at a workable solution.

Date : Fri, 20 Jul 2018 21:50:05 +0530

Delhi power minister writes to Centre on coal shortage at Dadri power plant

Delhi power minister writes to Centre on coal shortage at Dadri power plant Expressing concern over an imminent likelihood of shutdown of the two units, Delhi Power Minister Satyendar Jain said that it will have an adverse impact on Delhi#39;s power supply.

Date : Fri, 20 Jul 2018 21:46:05 +0530

Rupee recovers from record lows as dollar rally ease, jumps 21p to end at 68.84

Rupee recovers from record lows as dollar rally ease, jumps 21p to end at 68.84 The dollar index, which shows greenback#39;s strength against a basket of currencies, fell by 0.66% to 94.53 today.

Date : Fri, 20 Jul 2018 21:40:32 +0530

Secondary real estate transactions account for 72% deals in Delhi-NCR: Study

Secondary real estate transactions account for 72% deals in Delhi-NCR: Study Cities such as Bengaluru, Chennai and Hyderabad recorded on average 72 percent primary transactions, while Mumbai, Pune and Kolkata showed almost an equal distribution, according to a FICCI-Grant Thornton-Escrowffrr Report.

Date : Fri, 20 Jul 2018 21:40:08 +0530

Tata Steel keen to exit SE Asia ops, other non-scalable assets

Tata Steel keen to exit SE Asia ops, other non-scalable assets The steel major has been scouting for buyers for NatSteel Holdings Singapore and Tata Steel Thailand for some time now but without any success.

 
 
 
Our Products

National Savings Certificate (NSC)

  NSC VIII Issue (5 years) - Interest rate of 8.6% per annum w.e.f. 01.04.2012

  NSC IX Issue (10 years) - Interest rate of 8.9% per annum w.e.f. 01.04.2012

  Minimum investment Rs. 100/-. No maximum limit for investment.

  No tax deduction at source.

  Investment up to Rs 1,00,000/- per annum qualifies for Income Tax Rebate under NSC - section 80C of IT Act.

     Certificates can be kept as collateral security to get loan from banks.

  Trust and HUF cannot invest.

  A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor.

  The interest accruing annually but deemed to be reinvested will also qualify for deduction under NSC - section      80C of IT Act.

Post Office Time Deposit Scheme

Salient Features:

  1 year, 2 year, 3 year and 5 year time deposits can be opened.

  Interest payable annually but compounded quarterly:

  Period     |    Rate of Interest

One Year   |           8.2%

Two Years |          8.3%

Three Year|           8.4%

Five Years |          8.5%

  Minimum amount of deposit is Rs 200/- and in multiples of Rs 200/- thereafter. No maximum limit.

  Investment up to Rs 1,00,000/- per annum qualifies for Income Tax Rebate under section 80C of IT Act.

  Interest income is taxable.

  Facility of redeposit on maturity of an account.

  In case of premature closure of 1 year, 2 Year, 3 Year or 5 Year account on or after 01.12.2011 between 6 months      to one year from the date of deposit, simple interest at the rate applicable to from time to time to post office      savings account shall be payable.

  2 year, 3 year or 5 year accounts on or after 01.12.2011 if closed after one year, interest on such deposits shall be      calculated at a discount of 1% on the rate specified for respective period as mentioned in the concerned table      given under Rule 7 of Post office Time Deposit Rules.

  Account can be pledged as security against a loan to banks/ Government institutions.

  Any individual (a single adult or two adults jointly) can open an account.

  Group Accounts, Institutional Accounts and Misc. account not permissible.

  Trust, Regimental Fund or Welfare Fund not permissible to invest.

Post Office Monthly Income Scheme (MIS)

Salient Features:

  Interest rate of 8.5% per annum payable monthly w.e.f. 01.04.2012

  Maturity period is 5 years.

  No Bonus on Maturity w.e.f. 01.12.2011.

  No tax deduction at source (TDS).

  No tax rebate is applicable.

  Minimum investment amount is Rs.1500/- or in multiple thereafter.

  Maximum amount is Rs. 4.50 lakhs in a single account and Rs.9 lakhs in a joint account.

  Auto credit facility of monthly interest to saving account if accounts are at the same post office.

  Account can be opened by an individual, two/three adults jointly, and a minor through a guardian.

  Non-Resident Indian / HUF cannot open an Account.

  Minors have a separate limit of investment of Rs. 3 lakhs and the same is not clubbed with the limit of guardian.

  Facility of premature closure of account after 1 year but on or before 3 years @ 2.00% discount.

  Deduction of 1% if account is closed prematurely at any time after three years.

  Suitable scheme for retired employees/ senior citizens and for those who need regular monthly income.

Mutual Fund

Know About Mutual Fund

  What Are Mutual Funds?

  10 Key Things To Know About Mutual Funds

  Myths Around Mutual Funds

  Get Closer To Your Dreams With Mutual Funds

  Save Tax With Mutual Funds

Why Invest in Mutual Fund?

  Balanced Funds have also created wealth for investors with moderate risk tolerance

  Benefits of investing in a mutual fund

  Investors ask

  Making Your Money Work

  There is no gain without risk

  What are the mistakes normally investors make

  Why investing in a mutual fund is a necessity for you

Advantages of Mutual Funds.

  Professional Management

  Diversification

  Convenient Administration

  Return Potential

  Low Costs

  Liquidity

  Transparency

  Flexibility

  Choice of schemes

  Tax benefits

  Well regulated

Varieties of Mutual Fund Schemes.

Wide variety of Mutual Fund Schemes exists to cater to the needs such as financial position, risk tolerance and return expectations etc. The table below gives an overview into the existing types of schemes in the Industry.

Types of Mutual Fund Schemes

  By Structure:

          Open-Ended Schemes
          Close-Ended Schemes
          Interval Schemes

  By Investment Objective:

          Growth Schemes
          Income Schemes
          Balanced Schemes
          Money Market Schemes

  Other Schemes:

          Tax Saving Schemes
          Special Schemes
                   Index Schemes
                   Sector Specific Schemes

Frequently Used Terms

Net Asset Value (NAV)
Net Asset Value is the market value of the assets of the scheme minus its liabilities. The per unit NAV is the net asset value of the scheme divided by the number of units outstanding on the Valuation Date.Sale Price Is the price you pay when you invest in a scheme. Also called Offer Price. It may include a sales load.

Repurchase Price
Is the price at which a close-ended scheme repurchases its units and it may include a back-end load. This is also called Bid Price.

Redemption Price
Is the price at which open-ended schemes repurchase their units and close-ended schemes redeem their units on maturity. Such prices are NAV related.

Sales Load
Is a charge collected by a scheme when it sells the units. Also called, ‘Front-end’ load. Schemes that do not charge a load are called ‘No Load’ schemes.

Repurchase or ‘Back-end’ Load
Is a charge collected by a scheme when it buys back the units from the unitholders.

Postal Small Saving Scheme

Small savings schemes are designed to provide safe and attractive investment options to the public and at the same time to mobilise resources for development.

These schemes are operated through about 1.54 lakh post offices throughout the country. Public Provident Fund Scheme is also operated through about 8000 branches of public sector banks in addition to the post offices. Deposit Schemes for Retiring Employees are operated through selected branches of public sector banks only.

Fixed Deposit

A sum of money given to a bank, financial institution or company whereby the receiving entity pays interest at a specified percentage for the time duration of the deposit. At the end of the time period of the deposit the amount that is originally given is returned to the investor. Fixed deposits are also known as term deposits.

We Work With Following Companies:

   HDFC LTD

   Mahindra & Mahindra

   PNB Housing Finance

   LIC Housing Finance

   Shriram Transport

   Shriram City Union Finance

   Bajaj Finance

   CENT Bank Home Finance

   Godrej And BOYCE

RBI Bonds

Under Construction

Capital Gain Bond

Sec.54EC offers exemption if the capital gains are reinvested within 6 months in bonds redeemable after 3 years issued by NHAI and REC. Unfortunately, FA07 has slapped a limit on such contributions of Rs. 50 lakh during any FY.

Life Insurance

We Provide Expert Planning of LIC Policies According to your Specific Needs.

  Endowment Assurance Plans

The Endowment Assurance Policy

The Endowment Assurance Policy-Limited Payment

Jeevan Mitra(Double Cover Endowment Plan)

Jeevan Mitra(Triple Cover Endowment Plan)

Jeevan Anand

New Janaraksha Plan

Jeevan Amrit

Jeevan Vaibhav (Single Premium Endowment Assurance Plan)

  Jeevan Anand

    This plan is a combination of Endowment Assurance and Whole Life plans. It provides financial protection against     death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the     selected term in case of his survival.

  Whole Life Plans

The Whole Life Policy

The Whole Life Policy- Limited Payment

The Whole Life Policy- Single Premium

Jeevan Anand

Jeevan Tarang

  Term Assurance Plans

Two Year Temporary Assurance Policy

The Convertible Term Assurance Policy

Anmol Jeevan-I

Amulya Jeevan-I


  Other Plan

Tax Saving Investments

Under Construction

Income Tax

  Tax Reckenor

  Benefits of 80c

     Nature of Deduction:
     This section has been introduced by the Finance Act, 2005. Broadly speaking, this section provides deduction      from total income in respect of various investments/expenditures/payments in respect of which tax rebate u/s 88      was earlier available. The total deduction under this section is limited to Rs.1 lakh only.

  Cost of Inflation from money control

Financial Year|(CII)

     2000-01      |406

     2001-02      |426

     2003-04      |463

     2004-05      |480

     2005-06      |497

     2006-07      |519

     2007-08      |551

     2008-09      |582

     2009-10      |632

     2010-11      |711

     2011-12      |785

 
VRS
 
Retirement
 
NRI Investments
 
Receipt from sale of property
Summary Portfolio Valuations
 
Detailed Transaction Statements
 
Gain / Loss statements (including calculation of Long / Short Term Capital Gains)
 
Email sent on request