PPF is extendable with or without further contribution
Investment in PPF (Public Provident Fund) is considered as a lucrative investment plan. One can use the earnings from this account as pension income as the account being a life time account. But there are certain rules for withdrawing your funds which are unknown to many. In this article, I will unfold the rules which...
Indexation Base Year 2001 for Capital Gain Calculations from FY 2017-18
If you have incurred the Capital Gains in 2017-18, the Indexation base year for the calculations of Capital gains will be 2001-2002 from FY 2017-18 or AY 2018-19 for ascertaining Long and Short Term Capital Gains. Previously, the assets acquired before April 01, 1981 were valued the fair market value of 1981. Post this indexation...
Should you opt for ULIPs – HDFC Life Click 2 Retire plan review
Retirement is a phase that comes in everyone’s life when your expenses are far higher than your income. We normally save during our working years for these days and spend as per our need after retirement. However, it depends on the amount of savings which determines if we can still afford the lifestyle or standard...
New Income Tax Returns ITR forms for FY 2017-18 (AY 2018-19), Last Dates
If you need to file your Income Tax returns this year, the relevant forms are available on the income tax website. In this post, we will discuss the four forms relevant for individuals and mostly used. This year these forms are released well in advance by CBDT thus reflecting the efficiency of Department. Some important...
Classification of Mutual funds
Mutual funds may be classified in various ways. Few of the most popular ways of classification are as follows Open-Ended Funds, Close-Ended Funds and Interval Funds Open-ended funds are open for investors to enter or exit at any time, even after the NFO. When existing investors buy additional units or new investors buy units of the...
How to take loan from PPF account?
If you are having a PPF account in which you were investing regularly and for reason you need money now. No need to worry as your PPF account offers the solution. You can take loan from your PPF account against the balance available. This loan is available subject to following terms Loan can be taken...
Advantages of Mutual Funds to Investors
Professional Management Mutual funds offer investors the opportunity to earn an income or build their wealth through professional management working on their investible funds. As such professional management invests, in line with the investment objective, based on research and ensure follow of prudent investment processes. Portfolio Diversification Units of a scheme give investors exposure to...
Mutual Funds Simplified
Mutual funds are a vehicle to mobilize funds from investors with an agreed investment objective and invest in different markets and securities. Mutual funds not only assist investors in earning an income or building their wealth, by participating in the opportunities available in various securities and markets but also provide collected funds towards various large...
Menu card for Mutual fund investors
Mutual fund industry offers a long menu of schemes with different investment objectives and as such risk/returns. An investors has a full choice to select the scheme as per his taste preference. Different types of mutual funds are list below. Gilt funds invest in only treasury bills and government securities, which do not have a credit...
Systematic investing with Gold ETF
Vikas was a working in MNC and is a father of 12 year old daughter. He was worried with the increasing gold prices which are even beating the pace of his other investment returns. He was wondering that at this pace he might not be able to gift any jewellery to his daughter on her marriage....
