How banks make you poorer

BANKS today offer a slew of services to the customer, which only seem to increase by the day. However, remember this: there’s no such thing as a free lunch. Let’s take stock of what you pay to avail of services for a typical savings bank account.
1. Non-maintenance of minimum balance You must maintain a stipulated [...]

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Before Investing to Mutual Funds

MOST of us have an inner rebel. That’s why often fall for the guy mother warned us against. Or continue smoking even when told not to.
So, it’s no wonder that when mutual fund advertisements worth millions of dollars, tell us to ‘Please read the offer document (OD) carefully before investing’, we still don’t! This is [...]

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How banks make you poorer

BANKS today offer a slew of services to the customer, which only seem to increase by the day. However, remember this: there’s no such thing as a free lunch. Let’s take stock of what you pay to avail of services for a typical savings bank account.
1. Non-maintenance of minimum balance You must maintain a [...]

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Income Tax and ITR Forms

JULY is that time of the year. No I am not talking about promotions and bonuses but rather the other side of it — the taxes and deductions. If paying tax wasn’t depressing enough, the government, last year, withdrew the simple Saral and introduced a host of complicated forms which will discourage even the most [...]

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Dont Stop Your SIP

Mr . X started to invest through SIP in two proven equity diversified funds last June. He started of with a aim to keep investing for five years. ( a very good long term plan indeed). He was an happy man till Jan’08, as he was seeing his funds growing. Now after the downward run [...]

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ING MF launches Equity Fund

ING MF has unveiled a new fund called ING Latin America Equity Fund and it is a an open-ended fund of fund scheme. The primary investment objective of the scheme is to seek capital appreciation by investing predominantly in ING (L) Invest Latin America Fund. The scheme may, at the discretion of the Investment Manager, [...]

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Birla Sun Life Mutual Fund declares dividend

Birla Sun Life Mutual Fund announced to declare dividend under institutional plan with dividend reinvestment option of both the Birla Sun Life Interval Income Fund-Quarterly Plan-Series II and – Birla Sun Life Interval Income Fund-Quarterly Plan-Series III.
The fund house fixed 30 June 2008 as the record date for the declaration of dividend under both [...]

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ABN Amro mutual fund changed Name of its asset management

ABN Amro mutual fund announced that ABN Amro Asset Management (India) Limited, a public limited company is converted to a private limited company ABN Amro Asset Management (India) Private Limited.

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Can Employees claim deduction for donation deducted from salary?

We have received one circular that the amount as donation will be deducted from our salary to pay to recognized charitable trust (which has 80G deduction number allotted by IT Department) for the hospitalization of cancer patient. Accordingly, amount is directly deducted from our salaries and the lump sum amount is paid by the Employer [...]

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Can Employees claim deduction for donation deducted from salary?

We have received one circular that the amount as donation will be deducted from our salary to pay to recognized charitable trust (which has 80G deduction number allotted by IT Department) for the hospitalization of cancer patient. Accordingly, amount is directly deducted from our salaries and the lump sum amount is paid by the Employer [...]

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Mutual Funds Do’s and Don’ts

Life (including investments ) is not about not making mistakes, but to learn from them. A wise person quickly learns from his mistakes – and those of the others too. Given below are 7 do’s and don’ts which we can follow to avoid mistakes commonly made by investors in MFs.
Rule 1 : Don’t look at [...]

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Mutual Funds Do’s and Don’ts

Life (including investments ) is not about not making mistakes, but to learn from them. A wise person quickly learns from his mistakes – and those of the others too. Given below are 7 do’s and don’ts which we can follow to avoid mistakes commonly made by investors in MFs.
Rule 1 : Don’t look at [...]

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How to save money on your car insurance

Step1Talk to your agent about multi-policy discounts. Most companies want to write your home and auto coverage and will provide significant discounts for packaging them together.Step2Tickets and accidents can severely increase your insurance premium … remember to be a safe and courteous driver.Step3Be aware of WHAT you are driving …. sporty and classic vehicles as [...]

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All about IPO- A beginner Guide to Initial Public Offer

Many times we come across some blog, information or news about new IPO and urging people to go for it. A number of investors, especially, beginners do not know What is an IPO at all? what are the benefits or demerits of going for IPOs. What are the term used? They want to know about [...]

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Benifits of ELSS investments

Taxing times are here again. For most of us, this would mean parking more money in PPF or NSC to earn tepid returns, just to claim the tax break. This year, if you are looking to save tax and earn relatively higher returns, we suggest you take a look at Equity Linked Saving Schemes (ELSS). [...]

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