Investing Can be Interesting & Financial Awareness

Revision in Know Your Client (KYC) Norms and Procedure with effect from January 2, 2012

noreply@blogger.com (Admin) — Thu, 05 Jan 2012 04:51:38 PST

In line with SEBI Circular No. MIRSD/Cir- 26 /2011 dated December 23, 2011, SEBI KYC Registration Agency (KRA) Regulations, 2011 and SEBI Circular No. MIRSD/SE/Cir-21/2011 dated October 5, 2011...

How to make change in address details in mutual fund investment???

noreply@blogger.com (Admin) — Mon, 19 Dec 2011 12:18:21 PST

Since KYC is now mandatory for all the investments irrespective of the amount the investor needs to submit the Change of Address details request to PoS of CVL using KYC Change detail form. KYC...

How to change or update bank details in mutual fund investment??

noreply@blogger.com (Admin) — Mon, 19 Dec 2011 12:09:27 PST

Request letter (preferably in our standard format or as near thereto as possible) signed by all the unit holder(s) according to the mode of operation. Cancelled original cheque of the new bank...

Dividend in Templeton India Pension Plan

noreply@blogger.com (Admin) — Mon, 19 Dec 2011 11:50:29 PST

Franklin Templeton Mutual Fund has announced declaration of dividend under the dividend option of Templeton India Pension Plan. The quantum of dividend will be Rs.1.25 per unit. The record date has...

How can one exit from New Pension System (NPS)

noreply@blogger.com (Admin) — Sat, 17 Dec 2011 11:51:45 PST

If a subscriber wishes to exit from NPS before attaining the age of 60, he/she can withdraw upto 20% of the sum accumulated till that point of time. The subscriber has to buy annuity with the rest of...

How to apply for the NPS scheme launched by the government?

noreply@blogger.com (Admin) — Sat, 17 Dec 2011 11:49:53 PST

You will need to visit a point of presence (PoP), fill up the prescribed form with the required documents. Once you are registered, the Central Record keeping Agency (CRA) will send you a Permanent...

How can NRIs keep track of their investments?

noreply@blogger.com (Admin) — Sat, 17 Dec 2011 10:52:29 PST

NRIs are urged to register their e-mail IDs while making a purchase. This would entitle them to a host of online services and facilities offered through www.camsonline.com. NRIs can get...

Power of Attorney (PoA) to invest on behalf of the NRI investor?

noreply@blogger.com (Admin) — Sat, 17 Dec 2011 10:48:52 PST

Yes. A Power of Attorney (PoA) has the authority to invest on behalf of an NRI and sign documents for first and additional purchases, as well as redemptions. While subscribing for units the PoA...

Can NRIs invest on a repatriable basis?

noreply@blogger.com (Admin) — Sat, 17 Dec 2011 10:43:02 PST

To invest on a repatriable basis, the amount representing the investment should be received by inward remittance through normal banking channels (cheque or rupee-denominated demand draft, if it is...

How can an NRI redeem investments?

noreply@blogger.com (Admin) — Sat, 17 Dec 2011 10:37:38 PST

The redemption proceeds get processed in the normal course by the investor submitting the redemption request form. The redemption proceeds will be paid by cheque or credited to the first...

Guidelines for investing in Mutual Funds by an NRI.

noreply@blogger.com (Admin) — Sat, 17 Dec 2011 10:27:49 PST

Please explain the guidelines for investing in Mutual Funds by an NRI. For an NRI to invest, it is mandatory that he/she maintains a bank account in India. NRIs can invest in Indian mutual funds...

AMFI Circular dated October 14, 2011 on Non-renewal & Suspension of Brokerage of Payment ...

noreply@blogger.com (Admin) — Sat, 17 Dec 2011 04:14:57 PST

The Association of Mutual Funds in India (AMFI) released unified guidelines for AMFI Registered Mutual Fund Advisor (ARMFA) on October 14, 2011.This has reference to circular no. CIR/ ARN-09/ 08-09...

Top Recommended Mutual Funds

noreply@blogger.com (Admin) — Wed, 14 Dec 2011 01:04:26 PST

Liquid Funds Large Cap Funds Small Cap Funds Balanced Funds Source: Crisil fund Analyser

BSE in Collaboration with Morningstar Launches Mutual-Funds Website

noreply@blogger.com (Admin) — Mon, 05 Dec 2011 04:01:24 PST

BSE Ltd. (formerly Bombay Stock Exchange Ltd.), Asia’s oldest stock exchange, in collaboration with Morningstar India, launched a dedicated website to empower investors with relevant information and...

How to Change your name in your PayPal account

noreply@blogger.com (Admin) — Mon, 05 Dec 2011 03:25:37 PST

Changing your name in your PayPal account Please make sure that the name associated with your PayPal account exactly matches the name on your bank account statement. Otherwise, transfers to and from...

No nomination in PPF will result in paying only one lakh irrespective of amount you have in your PPF account???

noreply@blogger.com (Admin) — Sun, 04 Dec 2011 05:03:34 PST

what happens to a PPF account in event of the depositor's death? If a PPF account holder dies and there is no nomination, who gets the deposited amount? Nomination is very important in PPF. If...

Deduction under section 80CCF

noreply@blogger.com (Admin) — Wed, 30 Nov 2011 20:52:00 PST

Section 80CCF: Infrastructure Bonds – (maximum Limit Rs. 20,000) Budget 2010 has introduced one more avenue for you to save tax – Infrastructure Bonds An investment upto a maximum of Rs. 20,000...

TDS on redemption of Mutual Funds??

noreply@blogger.com (Admin) — Wed, 30 Nov 2011 05:45:29 PST

Will TDS be deducted on the redemption of units? If yes what will be the basis of deduction of TDS. i) Resident Investors TDS is not deducted on the sale proceeds for Resident Indians. ...

NFO Launch : Kotak FMP Series 68

noreply@blogger.com (Admin) — Wed, 30 Nov 2011 04:17:03 PST

The New Fund Offer of the scheme opens on December 05, 2011 (Monday) and closes on December 07, 2011 (Wednesday). MINIMUM INVESTMENT during NFO: Rs. 5,000/- and in multiples of Rs 10 for purchase...

e-safe facility for icici direct customers..

noreply@blogger.com (Admin) — Wed, 30 Nov 2011 04:43:35 PST

What is eSafe? eSafe helps you with the convenience and flexibility to store and retrieve your important documents when you need them. You can store scanned copies of your Passport, PAN, Agreements...

How to go ahead with PayPal for Indian PayPal Users!

noreply@blogger.com (Admin) — Wed, 30 Nov 2011 03:14:43 PST

I am getting lot of queries related to PayPal as how to go ahead with PayPal. Here are some terms which help you to understand paypal in better way.. 1. What is Paypal?If you're new to PayPal,...

Types of risks associated with Mutual Fund Investment!!

noreply@blogger.com (Admin) — Sat, 26 Nov 2011 04:32:24 PST

Risk is an inherent aspect of every form of investment. For Mutual Fund investments, risks would include variability, or period-by-period fluctuations in total return. Market risk: At times the...

PPF will get higher rate of return from December 1, 2011

noreply@blogger.com (Admin) — Fri, 25 Nov 2011 23:28:55 PST

PPF account holders will get higher rate of return from December 1, 2011. The government today notified increase in interest rates on public provident fund (PPF) to 8.6 per cent from 8 per cent now,...

Dematerialization of Mutual Fund Units!!

noreply@blogger.com (Admin) — Fri, 25 Nov 2011 03:40:57 PST

Dematerialization of Mutual Fund Units means holding mutual fund units in demat form. SEBI now allowed mutual fund investments to be held in dematerialized form. It means that investors will have the...

IDFC MF launches Fixed Maturity Plans

noreply@blogger.com (Admin) — Thu, 24 Nov 2011 09:23:26 PST

IDFC Mutual Fund launches two Fixed Maturity Plans IDFC FMP Yearly Series 56 and IDFC FMP 2 Year Series 2. Details: IDFC FMP 2 Year Series 2 IDFC FMP Yearly Series 56