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Date : Tue, 26 Sep 2017 08:26:13 +0530

Expect USD-INR to trade within 65.05-65.35 range: Bhaskar Panda

Bhaskar Panda Expect 10-year benchmark yield to remain within the 6.61-6.64 percent range, says Bhaskar Panda of HDFC Bank.

Date : Tue, 26 Sep 2017 08:25:35 +0530

Stocks in the news: Tata Motors, BPCL, IDBI Bank, REC, Godrej Industries, AB Capital

Stocks in the news: Tata Motors, BPCL, IDBI Bank, REC, Godrej Industries, AB Capital Tata Motors | ONGC | IOC | HPCL | BPCL | IDBI Bank | JK Paper | REC | Godrej Industries | Aditya Birla Capital and Chennai Petroleum are stocks, which are in the news today.

Date : Tue, 26 Sep 2017 08:22:13 +0530

Donald Trump to host Thai PM on October 3: White House

Donald Trump to host Thai PM on October 3: White House Ties between the countries had been strained following a coup orchestrated by former Thai army chief Prayut three years ago, although he met Trump#39;s predecessor Barack Obama during a ASEAN-US summit in California last February.

Date : Tue, 26 Sep 2017 08:21:26 +0530

Here#39;s an update on World View

Here#39;s an update on World View Watch accompanying video of CNBC-TV18‚??s Ekta Batra for today#39;s global cues.

Date : Tue, 26 Sep 2017 08:21:01 +0530

Momentum on downside

Anuj Singhal I would repeat what I said yesterday, don‚??t try to be showing bravado in this market. There is a difference between bravado and calculated risk taking.

Date : Tue, 26 Sep 2017 08:16:59 +0530

Kotak Mahindra International buys 4.25 lakh shares of TV Today Network

Kotak Mahindra International buys 4.25 lakh shares of TV Today Network Kotak Mahindra International bought 4,25,025 shares of TV Today Network.

Date : Tue, 26 Sep 2017 08:16:57 +0530

Templeton Mutual Fund buys 10.93 lakh shares of JK Lakshmi Cement

Templeton Mutual Fund buys 10.93 lakh shares of JK Lakshmi Cement Templeton Mutual Fund bought 10,93,907 shares of JK Lakshmi Cement at Rs 387.50.

Date : Tue, 26 Sep 2017 08:16:20 +0530

Here#39;s an update on commodities market

Manisha Gupta Watch Manisha Gupta of CNBC-TV18 giving a wrap on commodities market.

Date : Tue, 26 Sep 2017 08:13:54 +0530

See more downside; Dewan Housing, HDFC Bank bearish play: Prakash Gaba

Prakash Gaba Bank Nifty has support at 23582 and resistance at 24400, says Technical Analyst, Prakash Gaba.

Date : Tue, 26 Sep 2017 08:02:23 +0530

RBI caps banks#39; investment limit in deposit-taking NBFCs at 10%

RBI caps banks#39; investment limit in deposit-taking NBFCs at 10% RBI notified that banks investing in such firms must have a minimum regulatory capital.

Date : Tue, 26 Sep 2017 07:57:26 +0530

Bull#39;s Eye: Buy Just Dial, PFC, Shipping Corp, Petronet LNG; sell Bata, Bharti Airtel

Bull#39;s Eye: Buy Just Dial, PFC, Shipping Corp, Petronet LNG; sell Bata, Bharti Airtel Sameet Chavan of Angel Broking is of the view that oen may buy Just Dial with a target of Rs 420.

Date : Tue, 26 Sep 2017 07:52:52 +0530

Why are Indian markets alone reacting to global developments?

Why are Indian markets alone reacting to global developments? Indian markets seem to have reacted to a China downgrade by SP, a UK downgrade by Moody‚??s, and a once-in-a-generation change in the US already named as the ‚??Great Unwinding‚??.

Date : Tue, 26 Sep 2017 07:52:03 +0530

AIG to restructure into three new units, marking CEO#39;s first big move

AIG to restructure into three new units, marking CEO#39;s first big move Under the new structure, AIG will have a general insurance business, a life and retirement unit and a stand-alone technology unit. Two of those businesses will be led by longtime colleagues Duperreault recruited to AIG in July.

Date : Tue, 26 Sep 2017 07:52:03 +0530

Gold inches lower as US dollar steadies

Gold inches lower as US dollar steadies Spot gold fell 0.1 percent to $1,308.90 per ounce at 0038 GMT. In the previous session, it rose over 1 percent to register its biggest intra-day percentage gain since Sept. 7.

Date : Tue, 26 Sep 2017 07:52:03 +0530

Thyssenkrupp raises 1.4 billion euros via share sale

Thyssenkrupp raises 1.4 billion euros via share sale The two firms agreed last week to combine their European steel operations in a move to create the continent#39;s second-largest steelmaker with revenues of about 15 billion euros.

 
 
 
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)
 
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