tag:blogger.com,1999:blog-23686103964136750882011-11-23T21:41:41.430+05:30LEARN FINANCE, SAVINGS, INVESTMENT & EARNING BASICS.AIMoneynoreply@blogger.comBlogger103125FinanceGuruSpeakshttp://feedburner.google.comSubscribe with My Yahoo!Subscribe with NewsGatorSubscribe with My AOLSubscribe with BloglinesSubscribe with NetvibesSubscribe with GoogleSubscribe with PageflakesSubscribe with PlusmoSubscribe with FeedLoungeSubscribe with The Free DictionarySubscribe with Bitty BrowserSubscribe with Live.comSubscribe with Excite MIXSubscribe with Yourminis.comSubscribe with Attensa for OutlookSubscribe with WebwagSubscribe with netomat HubSubscribe with Daily RotationSubscribe with Podcast ReadySubscribe with FlurrySubscribe with ParticlsAdd to Any Feed ReaderSubscribe with fwickiPlease Visit FINANCE guru SPEAKS and get all the knowlegde about Finance, Investments and Saving Basics.tag:blogger.com,1999:blog-2368610396413675088.post-51133674430605728582008-06-15T12:41:00.002+05:302008-06-15T12:54:07.733+05:302008-06-15T12:54:07.733+05:30FINANCE guru SPEAKS: The following are some important items of income, which are fully exempt from income tax and which a resident individual Indian assessee can use with profit for the purpose of tax planning. 1. Agricultural income Under the provisions of Section 10(1) of the Income Tax Act, agricultural income is fully exempt from income tax. However, for individuals or HUFs when agricultural income is in excess of Rs 5,000, it is aggregated with the total income for the purposes of...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/06/know-about-tax-free-incomes.htmltag:blogger.com,1999:blog-2368610396413675088.post-31335856242264995262008-06-07T11:52:00.004+05:302008-06-07T12:05:04.107+05:302008-06-07T12:05:04.107+05:30FINANCE guru SPEAKS: Recently, some asset management companies have launched structured products for retail investors. A look at how they work. The party is over for investors. Equities markets are being hammered badly. And there is general unrest all around. As usual, now that they are hurt, investors are looking at low risk options, which would protect their principal amount at least. What are the available options? There are small savings and bank deposits. The dismal post-tax returns,...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/06/all-about-equity-linked-debentures.htmltag:blogger.com,1999:blog-2368610396413675088.post-3320466412467928662008-06-06T13:34:00.001+05:302008-06-06T13:39:52.523+05:302008-06-06T13:39:52.523+05:30· Who can open an account Only resident Indians can open accounts under the scheme. Even more than one account can be opened provided total deposits in all the accounts do not exceed Rs 450,000 in a single account and Rs 900,000 in joint account. There can be only one deposit in the account, which should be a minimum of Rs 1,500 or multiple thereof. · Nomination There is a facility of nomination. · Maturity The maturity period for deposits under the scheme is 6 years. · Interest Deposits...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/06/post-office-monthly-income-scheme.htmltag:blogger.com,1999:blog-2368610396413675088.post-15143819260780945272008-06-04T18:55:00.004+05:302008-06-04T19:09:31.763+05:302008-06-04T19:09:31.763+05:30· Who Can Apply Any adult individual can purchase Kisan Vikas Patra (KVP) in his or her name (single holder type) or jointly with another adult individual with the condition 'jointly or survivor' (A type) or 'either or survivor' (B type). Besides, parents and guardians can also purchase on behalf of a minor. NRIs are not permitted to invest in KVP. · Where to Apply Application for the certificate can be made to all departmental post offices authorised to transact saving bank business. · How...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/06/all-about-kisan-vikas-patra.htmltag:blogger.com,1999:blog-2368610396413675088.post-7976421130767221872008-05-14T11:07:00.002+05:302008-05-14T11:20:23.512+05:302008-05-14T11:20:23.512+05:30FINANCE guru SPEAKS: This blog will throw light on Senior Citizens Savings Scheme. Just go through the post and get informative! Who Can Apply The scheme is available for citizens above 60 years of age; however a provision has been put in place for individuals who have crossed 55 years of age. Such individuals may invest subject to the conditions that,The person has retired on superannuation or otherwise on the date of making the investment; also the investment is made within one month of the...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/05/senior-citizens-savings-scheme.htmltag:blogger.com,1999:blog-2368610396413675088.post-88818652320161757992008-05-12T12:16:00.004+05:302008-05-12T17:54:21.275+05:302008-05-12T17:54:21.275+05:30FINANCE guru SPEAKS: Section 80C is the not the only section under which you get tax benefits, there are some other sections as well. The Income tax Act, 1961 contains several provisions which can serve as tools for saving your tax outgo. While everyone is more focused on meeting the 80C limits, here are a few more options. Section 10 (35): This section grants exemption on long-term gains from mutual funds (if they are held for more than a year). Interestingly, the government taxes the...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/05/how-to-save-income-taxes.htmltag:blogger.com,1999:blog-2368610396413675088.post-42630474817862244532008-05-11T13:56:00.005+05:302008-05-11T14:05:55.403+05:302008-05-11T14:05:55.403+05:30FINANCE guru SPEAKS: If the application form for buying units is filled in and submitted by the investor directly at the asset management company's (AMC) office or an investor service centre or specified collection centre, the investor need not pay the entry load. If the fund has the option of buying units online, that too is considered "Direct Investment". An investor can invest directly in a mutual fund in three different ways: LOCATE THE NEAREST OFFICE OF THE AMC IN YOUR CITY. Visit the...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/05/how-to-invest-directly-in-mutual-funds.htmltag:blogger.com,1999:blog-2368610396413675088.post-25585207669889553172008-05-09T13:59:00.002+05:302008-05-09T15:06:31.256+05:302008-05-09T15:06:31.256+05:30FINANCE guru SPEAKS: The NAV of a mutual fund has not been correctly understood by a large section of the investing community. This is quite evident from the fact that Mutual Funds had been recently collecting huge corpus in their New Fund Offers or NFOs, whereas the collections in the existing schemes were negligible. In fact, investors sold their existing investments and invested in NFOs. This switch makes no sense, unless the new fund has something different and better to...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/05/myths-about-nav-of-mutual-funds.htmltag:blogger.com,1999:blog-2368610396413675088.post-41305673376697297472008-05-08T20:29:00.003+05:302008-05-08T21:05:51.301+05:302008-05-08T21:05:51.301+05:30FINANCE guru SPEAKS: Unit Links Insurance Plans (ULIPs) and Mutual Funds (MF) are the two most preferred options for a part time investor to invest into equity. But how do we decide which one should we go for. Though it is very easy to decide, people tend to confuse themselves most of the time. This article talks about some points that you need to consider while deciding which option we want to take. Mutual Fund are pure investments. ULIPs are combination of Insurance and Investment. First...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/05/ulip-vs-mutual-funds.htmltag:blogger.com,1999:blog-2368610396413675088.post-84594328334638585732008-05-07T18:18:00.004+05:302008-05-08T20:33:35.532+05:302008-05-08T20:33:35.532+05:30FINANCE guru SPEAKS: Kotak Mutual is launching Kotak Sensex ETF on May 7, 2008. This exchange traded fund will track BSE Sensitive Index (Sensex) to provide returns before expenses that closely correspond to the total returns of the BSE Sensex. The fund is open for subscription from May 07, 2008 till May 16, 2008. The units would be listed on BSE to provide liquidity through secondary market. This will be the second ETF on Sensex. The first ETF on Sensex was launched in January 2003 -- ICICI...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/05/know-about-kotak-sensex-etf.htmltag:blogger.com,1999:blog-2368610396413675088.post-18471504510934026282008-05-07T17:26:00.002+05:302008-05-07T17:40:02.650+05:302008-05-07T17:40:02.650+05:30FINANCE guru SPEAKS: Mutual funds have witnessed a marked growth in popularity over the past few years. Statistics reveal that retail investors have increasingly warmed up to the idea of investing in mutual funds. However this has given rise to its own set of not-so-pleasant trends. It can be safely stated that there is a large amount of disinformation about mutual funds doing the rounds. And when investors act on such flawed information, it leads to incorrect investment decisions. Myth 1: All...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/05/myths-about-mutual-funds.htmltag:blogger.com,1999:blog-2368610396413675088.post-56593225629271218922008-03-30T10:12:00.004+05:302008-04-10T21:46:54.503+05:302008-04-10T21:46:54.503+05:30FINANCE guru SPEAKS: Are You disappointed by Reliance Equity Fund (REF)? This is the equity scheme that created history by collecting the maximum amount (Rs 5,759 crore) in its new fund offer (NFO) period in March 2006. Further, it became the largest equity fund at that time without investing a penny in the market. Market sources told us that so happy was Anil Ambani, chairman of Reliance Capital, the sponsor of Reliance Asset Management, that he awarded a Mercedes Benz each to Amitabh...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/03/disappointed-with-reliance-equity-fund.htmltag:blogger.com,1999:blog-2368610396413675088.post-17096371425411259042008-01-23T21:03:00.000+05:302008-01-23T21:22:22.100+05:302008-01-23T21:22:22.100+05:30Finance guru Speaks: Any investor with a long -term investment plan for retirement cannot give equities a miss. And any investor who plans to invest in equities cannot give mutual funds a miss. That is why mutual funds have a critical role to play in your retirement planning portfolio. Mutual funds and retirement planning have enough points in common to make them perfect for each other. Consider this - retirement planning is about investing for the long- term, at times for even longer than 35...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/01/retirement-planning-through-mutual.htmltag:blogger.com,1999:blog-2368610396413675088.post-90022409970217564042008-01-23T20:39:00.000+05:302008-01-23T21:24:07.115+05:302008-01-23T21:24:07.115+05:30FINANCE guru SPEAKS: To invest in an IPO, you need a demat account. Right?...Wrong! Here’s why. Even investors who don’t have a demat account are finding ways to bet on the Reliance Power mega issue. And there are brokers who are willing to show the way. As the deadline for the largest IPO draws near, several first-time retail investors who have missed the boom are desperate to get a slice of the cake. According to market sources, the number of applications pending at various depositories have...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/01/how-to-invest-in-ipo-without-demat.htmltag:blogger.com,1999:blog-2368610396413675088.post-69852753512059409822008-01-19T19:47:00.000+05:302008-01-23T21:25:01.300+05:302008-01-23T21:25:01.300+05:30FINANCE guru SPEAKS: Return, Risk, Liquidity and Tax Efficiency are the four factors that you would consider before making any investment. The problem is that three of these, namely Return, Liquidity and Tax Efficiency are measurable in terms of numbers. In other words, you know what the return of an investment has been in the past, how liquid is it and if any amount of tax can be saved if you invest. However, Risk is one factor, which is subjective, and you cannot immediately allocate a number...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2008/01/how-to-measure-risks-associated-with.htmltag:blogger.com,1999:blog-2368610396413675088.post-69136366726872261122007-11-30T10:20:00.001+05:302007-11-30T11:10:48.763+05:302007-11-30T11:10:48.763+05:30Know About Options FINANCE guru SPEAKS: Before you begin options trading it is critical to have a clear idea of what you hope to accomplish. Only then will you be able to narrow down on an options trading strategy. Let us first understand the concept of options.An option is part of a class of securities called derivatives.The concept of options can be explained with this example. For instance, when you are planning to buy some property you might have placed a nonrefundable deposit to hold it...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2007/11/what-are-options_30.htmltag:blogger.com,1999:blog-2368610396413675088.post-40788836776202894202007-10-30T15:22:00.000+05:302007-10-30T15:55:40.538+05:302007-10-30T15:55:40.538+05:30Know About Futures What are Derivatives? A derivative is a financial instrument whose value depends on the values of other underlying variables. As the name suggests it derives its value from an underlying asset. For Example-a derivative, may be created for a share, or any material object. The most common underlying assets include stocks, bonds, commodities etc. Let us try and understand a Derivatives contract with an example: Sunil buys a futures contract in the scrip "TCS". He will make a...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2007/10/what-are-futures.htmltag:blogger.com,1999:blog-2368610396413675088.post-87069301847978893282007-10-29T10:40:00.000+05:302007-10-29T11:34:59.270+05:302007-10-29T11:34:59.270+05:30What are Arbitrage Funds FINANCE guru SPEAKS: Investing money for short-term, say up to 1-2 years has generally been an issue. As it is the interest rates / returns are quite low. On top of this, there could be taxation issues, which will further reduce the effective returns. Equity/equity funds may not be a prudent option for short-term. Therefore, we need to consider mainly the interest-based investment options. What Do We Usually Do? Since it is quite convenient, very often the money keeps...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2007/10/what-are-arbitrage-funds.htmltag:blogger.com,1999:blog-2368610396413675088.post-82369643962862102272007-10-25T16:26:00.000+05:302007-10-25T16:44:22.387+05:302007-10-25T16:44:22.387+05:30How To Invest Abroad FINANCE guru SPEAKS: When the Tatas were fighting the Brazilian CSN for buying the UK steel giant Corus, in a remote corner of Punjab, Ankit Bagga knew that no matter who eventually took over the company, buying shares of Corus would not be a wrong move. And, in a few easy steps, that's exactly what he did. He remitted money from his bank account in India to his broker in London and bought 850 shares of Corus at 663 pence a share at the London Stock Exchange (LSE). The next...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2007/10/how-to-invest-abroad.htmltag:blogger.com,1999:blog-2368610396413675088.post-83915930628396283352007-10-24T15:50:00.000+05:302008-12-12T05:50:15.396+05:302008-12-12T05:50:15.396+05:30Why Participatory Notes are Dangerous FINANCE guru SPEAKS: Participatory Notes (PN) — a general name used for the investment by Foreign Institutional Investors (FIIs) through Offshore Derivative Instruments (ODIs) such as Participatory Notes, Equity-Linked Notes, Capped Return Notes and Participating Return Notes — have created a storm in the stock market, with SEBI coming out with a draft for discussion to regulate them, the RBI suggesting that they be phased out, and the Finance Minister...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2007/10/what-are-participatory-notes.htmltag:blogger.com,1999:blog-2368610396413675088.post-25863264974101554432007-10-22T15:14:00.000+05:302007-10-22T15:20:23.699+05:302007-10-22T15:20:23.699+05:30Health Cover Options for Senior Citizens FINANCE guru SPEAKS: Senior citizens may soon have more choices to pick for their health insurance cover. Oriental Insurance has filed a specific health insurance product for senior citizens with the insurance regulator (IRDA). Oriental is the third public sector general insurance company to look at such a product after National and New India Assurance. While National Insurance launched its product last year, New India launched its product in October...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2007/10/more-health-cover-options-for-senior.htmltag:blogger.com,1999:blog-2368610396413675088.post-73746453516510328032007-10-10T11:40:00.000+05:302007-10-10T11:55:33.705+05:302007-10-10T11:55:33.705+05:30Journey Of Sensex FINANCE guru SPEAKS: Indian markets achieved yet another milestone on Tuesday. The Sensex crossed the 18,000-mark on the back of renewed buying today. The index hit a fresh all-time intra-day high of 18,327. It took just 8 trading days to hit 18,000 from the 17,000 mark. The last 2,000 points have come in a short span of just 13 trading sessions. Following is the timeline on the rise and rise of the Sensex through Indian stock market history. 1000, July 25, 1990 On July 25,...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2007/10/journey-of-sensex.htmltag:blogger.com,1999:blog-2368610396413675088.post-44379365290955860702007-10-09T17:47:00.000+05:302007-10-09T18:10:14.071+05:302007-10-09T18:10:14.071+05:30Floating Car Loans: Good or Bad? FINANCE guru SPEAKS: ICICI Bank recently announced the introduction of floating rate car loan -- a first among the banks that are very active in car loans. Floating rate option till now was available only for the longer tenure home loans. But is it a viable option for the short tenure -- 3 to 5 years -- car loans?First, let us look at the interest rate differential available between the floating rate and fixed rate car loan offered by ICICI Bank. The...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2007/10/know-about-floating-car-loans.htmltag:blogger.com,1999:blog-2368610396413675088.post-17033892117229709022007-09-28T21:56:00.000+05:302007-09-28T22:04:00.762+05:302007-09-28T22:04:00.762+05:30Impact Of Sensex &amp; Rupee Rise FINANCE guru SPEAKS: The rupee is at its highest level against the US dollar in nine years. Mukesh Ambani-controlled Reliance companies' market cap now exceeds $100 billion (as also Arcelor Mittal's). The new generation winners operate in a myriad and highly diverse sectors including telecom, commodities such as steel and cement, conventional and non-conventional energy, financial services, and transportation. Yet, ironically, the poster boy of Indian...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2007/09/sensex-and-rupee-on-its-all-time-high.htmltag:blogger.com,1999:blog-2368610396413675088.post-68012877230096007972007-09-17T08:19:00.000+05:302007-09-17T08:31:32.683+05:302007-09-17T08:31:32.683+05:30PPF vs NSC: What's the difference? FINANCE guru SPEAKS: This is what we attempt to do here. Explain the difference between the Public Provident Fund and the National Savings Certificate. The NSC is a post-office savings scheme while the PPF was established by the central government in 1968. But both are very safe since they are backed by the government. How much goes in? The minimum amount you have to put into your PPF account in a year is Rs 500. The maximum you can put is Rs 70,000 per...<br/> <br/> Click the link to read the full story.AIMoneynoreply@blogger.comhttp://aimoney.blogspot.com/2007/09/ppf-vs-nsc-whats-difference.html