As a newly wed couple, part of your success in marriage will be to handle your finances well. A great percentage of couples in India are unhappy with their marriage because of financial issues. You can avoid this trap by securing your money as early as possible in your marriage and save yourself a lot [...]
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How do you choose a mutual fund to invest either a lump sum amount or start SIP? What are the key factors that you look at? Here is the list of some of the important factors you should consider in this process. Equity or Debt Mutual Fund? If you are looking to invest a big [...]
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Managing personal finance is one of the toughest challenges facing almost everyone in the current economic climate. The media is filled with stories about rising levels of personal debt, repossession of homes and assets, unpaid bills and bad credit ratings. Wage rises are negligible or frozen altogether, while inflation is rising. Households find that their [...]
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Earlier on this blog, we have discussed about mutual funds but in this post, we are going to discuss about the tax on mutual funds. As some of you may already be aware that there are two types of income from Mutual funds: Capital gain and dividends. Capital gain is the increase in value of [...]
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Those of you who wanted to invest in IDFC bonds but missed earlier, here is some good news for you. The tranche 2 of tax saving Long Term Infrastructure Bonds under section 80CCF is available till 25th Feb. The tranche 2 opened up on 11th Jan 2012 and will close on 25th Feb 2012. Earlier, [...]
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NHAI (National Highway Authority of India) is issuing tax free bonds for the first time. Please don’t get confused this bond with tax saving long term infrastructure bonds. The interest from these tax free bonds is tax exempt. So that means Interest from NHAI Bond does not form part of your total income. The bonds [...]
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SBI Tax Advantage Fund Series II is a new fund from the SBI Mutual Fund house. It is a 10 year close ended Equity Linked Savings Scheme (ELSS) mutual fund. This new fund offer from SBI Mutual fund helps you save tax under section 80C. The SBI Tax Advantage Fund Series II NFO opened for [...]
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REC Infrastructure bonds that saves tax under section 80CCF, is now available for the financial year 2011-12. The issue for this financial year’s long term infrastructure bond from Rural Electrification Corporation (REC) opened on 19th December 2011 and will close on 10th Feb 2012. For all tax saving Infrastructure bonds under section 80CCF, please check [...]
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Fixed Deposit Interest Rates India Following table shows the interest rates on FD in some of the leading banks in India. This table of Interest rates was last updated on 20th Dec 2011. Bank 1 Year – < 2 years 2 Years – < 3 years 3 Years – 5 years >5 years – 10 [...]
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L&T Infrastructure bonds 2011-12 is the latest infrastructure bond issued this year. Again, this is the long term infrastructure bond that gives you tax benefits under section 80CCF. If you not a regular reader of this blog, I suggest you to check out my article Where and how to buy infrastructure bonds. You should also [...]
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