National Savings Certificate (NSC)
NSC VIII Issue
(5 years) - Interest rate of 8.6% per annum w.e.f. 01.04.2012
NSC IX Issue (10
years) - Interest rate of 8.9% per annum w.e.f. 01.04.2012
Minimum investment
Rs. 100/-. No maximum limit for investment.
No tax deduction
at source.
Investment up
to Rs 1,00,000/- per annum qualifies for Income Tax Rebate under NSC - section 80C
of IT Act.
Certificates can be kept as collateral security to
get loan from banks.
Trust and HUF
cannot invest.
A single holder
type certificate can be purchased by an adult for himself or on behalf of a minor
or to a minor.
The interest accruing
annually but deemed to be reinvested will also qualify for deduction under NSC -
section 80C of IT Act.
Post Office Time Deposit Scheme
Salient Features:
1 year, 2 year,
3 year and 5 year time deposits can be opened.
Interest payable
annually but compounded quarterly:
Period | Rate
of Interest
One Year | 8.2%
Two Years | 8.3%
Three Year| 8.4%
Five Years | 8.5%
Minimum amount
of deposit is Rs 200/- and in multiples of Rs 200/- thereafter. No maximum limit.
Investment up
to Rs 1,00,000/- per annum qualifies for Income Tax Rebate under section 80C of
IT Act.
Interest income
is taxable.
Facility of redeposit
on maturity of an account.
In case of premature
closure of 1 year, 2 Year, 3 Year or 5 Year account on or after 01.12.2011 between
6 months to one year from the date of deposit, simple
interest at the rate applicable to from time to time to post office savings
account shall be payable.
2 year, 3 year
or 5 year accounts on or after 01.12.2011 if closed after one year, interest on
such deposits shall be calculated at a discount of
1% on the rate specified for respective period as mentioned in the concerned table
given under Rule 7 of Post office Time Deposit Rules.
Account can be
pledged as security against a loan to banks/ Government institutions.
Any individual
(a single adult or two adults jointly) can open an account.
Group Accounts,
Institutional Accounts and Misc. account not permissible.
Trust, Regimental
Fund or Welfare Fund not permissible to invest.
Post Office Monthly Income Scheme (MIS)
Salient Features:
Interest rate
of 8.5% per annum payable monthly w.e.f. 01.04.2012
Maturity period
is 5 years.
No Bonus on Maturity
w.e.f. 01.12.2011.
No tax deduction
at source (TDS).
No tax rebate
is applicable.
Minimum investment
amount is Rs.1500/- or in multiple thereafter.
Maximum amount
is Rs. 4.50 lakhs in a single account and Rs.9 lakhs in a joint account.
Auto credit facility
of monthly interest to saving account if accounts are at the same post office.
Account can be
opened by an individual, two/three adults jointly, and a minor through a guardian.
Non-Resident Indian
/ HUF cannot open an Account.
Minors have a
separate limit of investment of Rs. 3 lakhs and the same is not clubbed with the
limit of guardian.
Facility of premature
closure of account after 1 year but on or before 3 years @ 2.00% discount.
Deduction of 1%
if account is closed prematurely at any time after three years.
Suitable scheme
for retired employees/ senior citizens and for those who need regular monthly income.
Mutual Fund
Know About Mutual Fund
What Are Mutual Funds?
10 Key Things To Know About Mutual Funds
Myths Around Mutual Funds
Get Closer To Your Dreams With Mutual Funds
Save Tax With Mutual Funds
Why Invest in Mutual Fund?
Balanced Funds have also created wealth for investors with moderate risk tolerance
Benefits of investing in a mutual fund
Investors ask
Making Your Money Work
There is no gain without risk
What are the mistakes normally investors make
Why investing in a mutual fund is a necessity for you
Advantages of Mutual Funds.
Professional Management
Diversification
Convenient Administration
Return Potential
Low Costs
Liquidity
Transparency
Flexibility
Choice of schemes
Tax benefits
Well regulated
Varieties of Mutual Fund Schemes.
Wide variety of Mutual Fund Schemes exists to cater to the needs such as financial
position, risk tolerance and return expectations etc. The table below gives an overview
into the existing types of schemes in the Industry.
Types of Mutual Fund Schemes
By Structure:
Open-Ended Schemes
Close-Ended Schemes
Interval Schemes
By Investment Objective:
Growth Schemes
Income Schemes
Balanced Schemes
Money Market Schemes
Other Schemes:
Tax Saving Schemes
Special Schemes
Index Schemes
Sector Specific Schemes
Frequently Used Terms
Net Asset Value (NAV)
Net Asset Value is the market value of the assets of the scheme minus its liabilities.
The per unit NAV is the net asset value of the scheme divided by the number of units
outstanding on the Valuation Date.Sale Price Is the price you pay when you invest
in a scheme. Also called Offer Price. It may include a sales load.
Repurchase Price
Is the price at which a close-ended scheme repurchases its units and it may include
a back-end load. This is also called Bid Price.
Redemption Price
Is the price at which open-ended schemes repurchase their units and close-ended
schemes redeem their units on maturity. Such prices are NAV related.
Sales Load
Is a charge collected by a scheme when it sells the units. Also called,
‘Front-end’ load. Schemes that do not charge a load are called ‘No
Load’ schemes.
Repurchase or ‘Back-end’ Load
Is a charge collected by a scheme when it buys back the units from the unitholders.
Postal Small Saving Scheme
Small savings schemes are designed to provide safe and attractive investment
options to the public and at the same time to mobilise resources for development.
These schemes are operated through about 1.54 lakh post offices throughout the country.
Public Provident Fund Scheme is also operated through about 8000 branches of public
sector banks in addition to the post offices. Deposit Schemes for Retiring Employees
are operated through selected branches of public sector banks only.
Fixed Deposit
A sum of money given to a bank, financial institution or company whereby the receiving entity pays interest at a specified percentage for the time duration of the deposit. At the end of the time period of the deposit the amount that is originally given is returned to the investor. Fixed deposits are also known as term deposits.
We Work With Following Companies:
HDFC LTD
Mahindra & Mahindra
PNB Housing Finance
LIC Housing Finance
Shriram Transport
Shriram City
Union Finance
Bajaj Finance
CENT Bank Home
Finance
Godrej And BOYCE
RBI Bonds
Under Construction
Capital Gain Bond
Sec.54EC offers exemption if the capital gains are reinvested within 6 months in
bonds redeemable after 3 years issued by NHAI and REC. Unfortunately, FA07 has slapped
a limit on such contributions of Rs. 50 lakh during any FY.
Life Insurance
We Provide Expert Planning of LIC Policies According to your Specific Needs.
Endowment
Assurance Plans
The Endowment
Assurance Policy
The Endowment
Assurance Policy-Limited Payment
Jeevan Mitra(Double
Cover Endowment Plan)
Jeevan Mitra(Triple
Cover Endowment Plan)
Jeevan Anand
New Janaraksha
Plan
Jeevan Amrit
Jeevan
Vaibhav (Single Premium Endowment Assurance Plan)
Jeevan Anand
This plan is a combination of Endowment Assurance and Whole
Life plans. It provides financial protection against death
throughout the lifetime of the life assured with the provision of payment of a lump
sum at the end of the selected term in case of his survival.
Whole Life Plans
The Whole Life Policy
The Whole
Life Policy- Limited Payment
The Whole
Life Policy- Single Premium
Jeevan Anand
Jeevan Tarang
Term Assurance
Plans
Two
Year Temporary Assurance Policy
The
Convertible Term Assurance Policy
Anmol
Jeevan-I
Amulya
Jeevan-I
Other Plan
Tax Saving Investments
Under Construction
Income Tax
Tax Reckenor
Benefits of
80c
Nature of Deduction:
This section has been introduced by the Finance Act,
2005. Broadly speaking, this section provides deduction from
total income in respect of various investments/expenditures/payments in respect
of which tax rebate u/s 88 was earlier available.
The total deduction under this section is limited to Rs.1 lakh only.
Cost of Inflation
from money control
Financial Year|(CII)
2000-01 |406
2001-02 |426
2003-04 |463
2004-05 |480
2005-06 |497
2006-07 |519
2007-08 |551
2008-09 |582
2009-10 |632
2010-11 |711
2011-12 |785
