Monthly Archive: March 2013

Mar 27

One Folio Number Makes for Convenience

      Are you overwhelmed by numerous folio numbers in the same mutual fund? You may have invested in dozens of times in many mutual funds and not been systematic about keeping track of them, given your busy life. At the time of filing your returns, you may forget what you have or what …

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Mar 27

Bring expenses inline with income to create wealth

I ,Natesan,aged 35 and my wife is home maker. We have two children aged 6 and  2.5.After meeting my house hold expenses currently I have a surplus of Rs 20000.I have a land in which I am planning to construct a house and planning to rent it out. The total cost of the project is …

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Mar 27

Can lead retirement life without risky assets

I , Banu Chander ,retiring this month and I will receive monthly pension of Rs 8000 for life, besides that i will be covered under the employer group medical for Rs 2 lakh till 70 years.   I would like to know whether my current savings and the retirement benefits are sufficient to take care …

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Mar 27

Transferring Units to Your Heir

  If a unit holder passes away, here’s how the units can be transferred to a nominee, or legal heir or even to a joint holder.   The procedures could vary slightly between various funds, but basically these are the procedures to follow.   What should one do to transmit the units if the first …

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Mar 27

Systematic Investment Plans- scenarios and encounter

  When making Systematic Investment Plans, or, SIPs, you can have your bank automatically transfer the money from your account. Here are some scenarios that you may encounter. You’ve registered an SIP with your bank for auto-debit. You want to change the bank from where the money is debited. Can you do that? Yes, of …

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Mar 27

Frequently Asked Questions on SIP

By Suresh Parthasarathy   I invested in a Systematic Investment Plan (SIP) in a tax-saving scheme (ELSS) in July 2009 for three years, ending July 2012.  I am unable to redeem my total investment, even though three years have elapsed. The Mutual Fund says the units are under lock-in period. Can you explain what this …

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Mar 27

What NAV is applicable to your transaction?

By Suresh Parthasarathy   Mutual funds calculate the value of your investment on every working day. This is called Net Asset Value, or, NAV. This is the rate at which you buy, transfer units or redeem them.   Mutual funds decide the NAV depending on when they receive your request. For instance, liquid funds, declare …

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Mar 27

Planning is mandatory for the people with limited income.

  By Suresh Parthasarathy.   I Manikandan aged 44 years working in a private company with net earnings of Rs 42000. Besides that my wife aged 36 home maker receives rental income of Rs 25000.To meet my monthly house hold expenses I need Rs 15000.Besides that I have monthly commitment of Rs 8254 towards car …

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Mar 27

Self employed create contingency fund to meet business needs

I am Sudha aged 38 and my husband is  (39) and we run business together. Our dependents are daughters aged 11 and 5. Our monthly expense is Rs 40000 this inclusive of home loan EMI of Rs 15000.Our current outstanding is Rs 8 lakh.After meeting all commitment we have a surplus of Rs 10,000 per …

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