Money Management Services

Term Life Insurance

2017-02-12T02:53:00.002-08:00

Are you working and have dependents ? Do you have housing loan ? Do you have any other liablitity like vehicle loan, personal loan, business loan etc etc. If you meet with an accident and die today what will be fate of your loved ones ? How will they survive ? How will they lead good life ? How will they repay your loans ? How the education of your children will be met ? Death does not knock your door and gives invitation to die, so you should be prepared for all those eventualities.

The answer to all this is you should have Term Life Insurance.

You can purchase it online where the premium is very very less. As a rule of thumb you must be insured upto 10 times your gross yearly income. But you should have proper income proof, ID and Address Proof, Bank Statement and should be medically fit.

If you are not having Term Life Insurance, kindly go and get one.

Post tax return

2015-12-26T05:11:00.001-08:00

In investment you normally get profit. Say you invested Rs.1000 in Bank Fixed Deposit for 1 year and after one year got Rs.1100. Hence you got a return of Rs.100 and calculated in percentage terms it will be 10%.

But you forget to take into account one more factor, TAXATION, which will effectively reduce your return calculated.

If you fall in 10% tax bracket then your returns will be Rs.100 minus Rs.10. Hence your effective return will be Rs.90 or 9%

If you fall in 20% tax bracket then your return will be Rs.100 minus Rs.20. Hence your effective return will be Rs.80 or 8%

If you fall in 30% tax bracket then your return will be Rs.100 minus Rs.30. Hence your effective return will be Rs.70 or 7%

Further any Cess, Levy etc added to income tax will reduce your real return.

Hence, its important for you to note not only the return on your investment but knowing the post tax return is also important as it decides the return at your hands.

Atal Pension Scheme

2015-12-25T08:17:00.001-08:00

Have any Pension Plan ?

No? I feel sorry for you, Please be financially independent, At least have money to eat twice daily without depending on anybody. The stories we are hearing about old age persons is very disturbing, please do not take for granted that your children will feed you ( if they take care of you we will feel happy). But have some backup plans also. Save today for your future, small amount of money saved today will return you decent sum as pension every month when you turn 60.

We are talking about Atal Pension Yojana.

If you feel that you are financially fit for your old age, then look around you,
there may be your maid, servant, paper boy, vegetable vendor or others doing petty business. Please tell them about the Atal Pension Scheme, make them enroll to the scheme. They may reluctantly join now, but you will get their blessings when they start receiving the pension. Gift your loved ones the pension scheme. Your spouse, your son, your daughter. Saw the seeds now, the fruits and the shadow of the tree your loved ones will get.

You may think Rs.1000, 2000, 3000, 4000, 5000 you get at age of 60 will be peanuts. But remember peanuts can offer relief to your hunger but not "nothing". I have heard many intelligent people using weapon of inflation to discourage others from investing in the scheme. But use your brain, they are people with full stomach and have lot of money for their old age. But what about you ?

What you have to invest to get the desired pension according to your age is given below;

Indicative Contribution for Various Pension Options (in INR)

Entry Age	Years of Contribution	Monthly Pension INR 1000	Monthly Pension INR 2000	Monthly Pension INR 3000	Monthly Pension INR 4000	Monthly Pension INR 5000
18	42	42	84	126	168	210
19	41	46	92	138	183	228
20	40	50	100	150	198	248
21	39	54	108	162	215	269
22	38	59	117	177	234	292
23	37	64	127	192	254	318
24	36	70	139	208	277	346
25	35	76	151	226	301	376
26	34	82	164	246	327	409
27	33	90	178	268	356	446
28	32	97	194	292	388	485
29	31	106	212	318	423	529
30	30	116	231	347	462	577
31	29	126	252	379	504	630
32	28	138	276	414	551	689
33	27	151	302	453	602	752
34	26	165	330	495	659	824
35	25	181	362	543	722	902
36	24	198	396	594	792	990
37	23	218	436	654	870	1,087
38	22	240	480	720	957	1,196
39	21	264	528	792	1,054	1,318
40	20	291	582	873	1,164	1,454

*Data from Atal Pension Yojna brochure

This scheme has started from 1st June 2015 and will closes on 31st December 2015.

Scheme is open to people of India as well as NRIs.

Scheme is open for people of age group from 18 to 40.

Payment to pension is to be made till you attain age of 60.

Once entered you have no option to come out of scheme except under special circumstances as defined under the scheme.

You have to have Savings Bank account in any scheduled bank to open the pension account. Just go to the branch where you have your account. Obtain the application for APY (Atal Pension Yojana) fill it. Give Date of Birth Proof, Aadhar card of self and nominee to open the APY account. The amount will be debited directly from your account every month.

Procedure is very simple for opening the account. Hence enroll early and reap the benefit of the scheme. Another benefit is goverment will pay Rs.1000 per year for first 5 years to your account.

Start investing now and be tension free at 60.

Gold Coin Scheme introduced by Modi Government

2015-11-11T23:26:00.001-08:00

Gold Coin / Bullion Scheme introduced by Modi Government

The Central Government on 5th November 2015 unveilded 3 gold schemes to monetise the gold in the country. The Gold Coin / Bullion scheme is one of them. The gold coin will be the first ever national gold coin minted in India and will have the National Emblem of Ashok Chakra engraved on one side and Mahatma Gandhi on the other side .
The coin will be 24 carat purity and Hallmarked. Initially, the coins will be available in denominations of 5 and 10 grams. A 20 gram bullion will also be available. Initially, 15,000 coins of 5gm, 20,000 coins of 10 gm and 3,750 of bullions of 20 gm will be made available through MMTC outlets. The Indian Gold coin & bullion is unique in many aspects and will carry advanced anti-counterfeit features and tamper proof packaging.

As this is the first gold coin being minted in India those who want to use Indian products can purchase it and others can also invest based on their investment needs.

Rate as on date is (excluding VAT and other taxes)

5 gms Rs.14376/-

10 gms Rs.28465/-

20 gms Rs.56713/-

To know the list of outlets to purchase the gold coins, kindly click link below:

http://www.indiangoldcoin.com/en/igc-en-3-2/

Happy Diwali 2015

2015-11-10T06:48:00.001-08:00

Reliance Retirement Fund

2015-02-01T08:42:00.001-08:00

Retirement planning is one of the most important goals in the life of an individual. Typically, individuals prepare during their 30 years of working age acquiring knowledge, skill and sufficient income in order to live a good life post-retirement. With the increase in life expectancy, post-retirement life is expected to be as long, and hence it is important to plan and aim to accumulate a healthy retirement corpus that could ensure you have a happy and comfortable retirement life.

We are pleased to bring you Reliance Retirement Fund (RRF) - an open-ended notified tax-savings cum pension scheme offering tax benefits u/s 80C. The fund is uniquely designed with an aim to take care of the retirement needs of an individual.

Some of the key features of the Fund are:

	2 Schemes - Equity-oriented "Wealth Creation Scheme" (65%-100% in equities) that could be suitable during the accumulation phase and Debt-oriented "Income Generation Scheme"(5%-30% in equities) that could be suitable during the distribution phase.
	Enables you to customise your retirement plans
	Tax-Saving - As per clause (xiv) of sub-section (2) of Section 80C of the Income Tax Act, 1961, individual investors will get tax deductions for investments up to Rs 1.5 lakhs in a financial year.

NFO Opens: 22nd January, 2015. NFO Closes: 5th February, 2015.
Scheme re-opens for continuous sale and re-purchase not later than 20th Feb 2015

For further information visit: www.reliancemutual.com

How to claim your unpaid Dividends

2013-10-05T22:17:00.000-07:00

Do you have shares of companies which have declared dividends but you have not received the same. You may be wondering how to get the same. So here is how to get them.

First visit the website of the company and go to section Investor Relations, The name and address of the Investor Relations officer along with the Share transfer agents will be available there. You either write to them or email them referring your Folio Number. The company will inform you the dividend due in your account and will also send you the undertaking/affidavit to be submitted to claim the same. Just fill the same and the dividend will reach your account. In this way you can get dividend due to you for maximum 7 years as the dividend prior to that will be credited to Investor Protection Fund of SEBI.

(In case you have shares in Dmat account, the dividend will be automatically credited to your bank account linked to your Trading Account).

NRE Term Deposits

2013-09-30T09:32:00.001-07:00

Punjab National Bank will be offering 9% p.a. for NRE deposits with maturities of above 3 years and upto 10 years from 1st October 2013.

Money Depreciates fast

2012-10-03T09:23:00.000-07:00

Do you know that your money is depreciating asset ? Its value goes on decreasing with time. It depreciates more if you keep it idle, without investing it anywhere.

What will be the value of your present Rs.1 crore at 6% inflation after various time periods, just look below;

After 10 years Rs.53.90 lakhs

After 20 years Rs.29 lakhs

After 30 years Rs.15.60 lakhs

New norms proposed by SEBI for Investment Advisors

2012-10-02T01:22:00.002-07:00

SEBI (Securities and Exchange Board of India) in consultation with RBI (Reserve Bank of India), IRDA (Insurance Regulatory and Development Authority ) and PFRDA (Pension Fund Regulatory and Development Authority) has proposed that all individuals, body corporates (Banks and Non-banking finance companies ) and partnership firms which are engaged or plan to enter the business of providing investment advice to investors have to be registered and regulated under the Investment Advisors Regulations. They must obtain permission from RBI before approaching SEBI for licence.

Plans under Mutual Funds

2012-09-29T05:52:00.000-07:00

We normally invest money in mutual funds. But what are the options available under mutual funds to manage our money better. We can look to below three options;

Growth Option:
Under this option the scheme does not give you any dividend or reinvest your dividend. Whatever the gains made the scheme will be ploughed back into the scheme. That amount is used to buy more stocks or held in cash till better investment opportunity arises. The gain in reflected in the NAV of the scheme. If the fund manages Growth Option and Dividend Option you many notice that NAV of Growth option is more since there is no payout.

Dividend Payout Option:
Under this option the scheme pays out dividend to the investor on the gains made by them at periodical intervals. But this dividend is not guaranteed. If the scheme makes good gains you receive dividend otherwise not. As the dividends are payouts the NAV of the scheme also falls as per the percentage of of Dividend declared. You may have noticed ads saying that this scheme has declared 45% dividend etc and they will also declared ex-dividend date. If you invest before that date you will receive the dividend declared otherwise not.

Dividend Reinvestment Option:
Under this option the the scheme declares dividend if it makes good gains but the dividend is not paid to you, it is reinvested in your scheme so that your holding of units increases. So you have made fresh purchases without investing money from your pocket. Here also the NAV of the scheme falls after the dividend is paid.

2012-09-29T05:27:00.004-07:00

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