can you post your views on JSL..?...

How U r seeing closing Today Mkt. Considering the following matter: - 1. Expiry r about to near 2. 4900 & 5000 Put options r most active derivative today 3.Profit Booking 4.Mkt r not seeing to cross 5080 level 5.FII selling cash drivatives My opinion is Mkt can fall due to profit booking . Nifty can break 5000 level and sensex can break 17000 level. Its my opinion. Please also share ur opinions in this matter And Chief - Kamani Analysis was perfect for friday mkt. ...

Dear micky, Chinese tyres are case in point. Many people who have fitted Chinese tyres and driven their vehicles on expressways at high speed have come to grief as these tyres have given away at speeds above 90-100 kmph. Similarly Chinese milk products have caused widespread food poisoning. Chinese toys have not kept standards of required hygiene. People buy misery & sickness along with Chinese goods and loose their economic freedom. Example : USA & to lesser extent Europe. Some countries also buy political bullying; Example India....

Dear Ashal, I was just wondering. It make a long term sense to max your PPF each year. Along with PF & Superannuation, it is the only tax free investment avaliable at the moment. (not sure for how long) After this, normally working people find it very difficult to find large amount of cash to save in other avenues. Is it not therefore best to focus on a % split between Debt & Equity for your age and profile and then allocate the investible cash accordingly? Mostly, this will mean that major portion of your disposable income should go in equity related investments. Regards...

Dear Ashalanshu, Thanks for info. So it just the different in approach which funds can take....

dear all boarders i have changed my profile detail on my page to teach a lesson to these kind of person`s kindly see that and advise me about that. thanks rupesh...

dear all fine boarders as i said to leave this board yesterday just because of that stupid one dipakgod, now i take back my decision of leaving this board as i hve got to see most of nice and prominent boarders came to give me moral and emotional support that was nice to read every ones msgs who replied me with great concern for me i gave evry reply 5 stars as my love/regards or as friendship/an consolidation of good persons thanks a lot to all of you rupesh711in...

Dear friend, I don`t know the reason why u r purchasing the new flat in ur wife`s name?

But from Taxation point of view, Sample this -

1. The capital gains from the sell of old house r liable to tax in ur hand & as u r not purchasing the new house in ur name, u w`d have to pay tax on this capital gain.

2. As u r using ur own money to purchase the flat in ur wife`s name, due to clubbing provisions of Section 64 of Income Tax, any rental income from new flat `ll be fully taxable in ur hands.

Plz. think b4 u act.

Thanks

Ashal
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Dear Ravir2000, Plz. note the product name is Pinnacle & not finnacle as u posted.

Plz. check my prev. posts on 26 oct 2009.

In simple words plz. don`t invest in IPru Pinnacle.

Thanks

Ashal...

Dear Rdadhe, Yes PPF & PF r the only debt products which r tax free as per current Tax law. But once the new Direct Tax code `ll take place, the things `ll not remain same.

Now to answer how much one should invest in these debt products & how much in Eq. the answer `ll depend upon several factors -
1. Age of investor
2. Risk appetite
3. current portfolio structure
4. Time remain to retirement
5. Financial liabilities
6. Over all time available for investment to grow
To name a few.

After identifying the above & some other factors an investor may decide her own split of Eq. & debt.

Thanks

Ashal

...

Dear Rdadhe, PF, PPF & superannuation corpus along with ur normal FDs & debt funds all form the debt part of ur portfolio. Even one may consider the traditional life insurance policies under debt category.

Yes ur observation is correct that in all the above investments the underlying assets are debt.

Thanks

Ashal...

Dear friend, if the house in question is ur first/only house u need not to show any deemed rent (if house is vacant) show rent only if u r actually receiving any. U r eligible to claim interest benefit for a max. of 1.5L Rs. under Section 24 of IT Act.

In case this is ur second house but house is vacant u w`d have to show deemed rent or if the house is on rent, the actual rent. In both cases, the rent `ll be added to ur income under the head income from house property but in this case u may claim deduction from rental income @ 30% for maint. of house & all the interest paid (no limit of 1.5L Rs. as in first case, so u can full amount of interest if it`s more than 1.5L Rs.) on home loan in the FY with out any limit.

If the rental income is still positive it`ll be added to ur income from all other sources but in case the above income is negative, u can set it off againt ur salary income.

Thanks

Ashal ...

Dear Friend, As not much info is there in ur post so in my view in general u may start ur SIPs in following funds.

HDFC Top 200
DSP Top 100
REl. RSF Eq.

Thanks

Ashal...

Dear Friend keeping ur requirement in mind, it`s advisable to invest ur 600K money in following MIPs.

Birla MIP II savings 5
Rel. MIP
UTI MIS
Canara Robeco MIP
HDFC MIP long term.

Although returns in MIP r not gtd. but due to higher exposure of debt & low on Eq., MIPs may provide a long term growth rate of 9-10%.

Thanks

Ashal...

Dear RN, There r 2 options.

1. A simple solution is to hire a advocate & ask him to generate a title search report & nil encumbrance certificate thru examining the land record for past 30 years from govt. record books. Although he `ll charge u a fee for this (how much? only the advocate can tell i don`t have idea for Bang.`s advocates` fee structure) but this document `ll solve all ur future problems.

2. The more practical solution, ask ur BIL to purchase this land thru a bank loan (even though he have full pmt. capacity). Tha bank panel advocates `ll check every paper in detail & only after they r fully satisfied, the bank `ll agree to grant a loan. This way u r fully assured that all the papers r correct & deal is right.

Now it`s upto u which way u want to go.

Thanks

Ashal...

Dear Raja Tagu, U can continue ur PPF aact. till completion of first 15 years or ur current block of 5 years of extension if opted for after 15 years of acct.

Once 15Y or the block of 5Y extension completes, u can`t extend ur PPF account.

U may make fresh investment of 70K yly & may claim tax benefit on ur indian taxable income if any.

Thanks

Ashal ...

Dear Friends, I waited for a long time but i found that a single person is making a fool of u.

The person in question is not interested to get any answer for his/her query. Instead he is more interested to ruin ur dignity.

I had learned a lot from u guys & what a pity, one by one u guys r victim of this person. By answering to these meaningless posts actually u guys r doing nothing good. U r actually playing in the hands of this person.

the more u guys answer, the more points this person gets to show off his ranking of boarders.

I hope my message is clear to all of u.

Thanks

Ashal...

Dear friend, IPru pinnacle is not a worth of investment due to following reasons.

1. sum assured is only 5 times of the annualized prem. so policy holder is short on insurance which should be the primary objective of any insurance policy.

2. due to 5 times Sum assured, the maturity proceeds `ll become taxable in the New Direct Tax code as proposed to be implemented from 1st April 2011 by Govt. of India.

3. Only the highest NAV is guaranteed but plz. do note ins. co. is not giving any guarantee for the performance of the funds managed under this policy. U may endup with lesser money than expected due to continous underperformance of the fund.

4. U can`t make corrective action in between for under performance of fund.

5. due to Tax on maturity, post Tax, maturity amount `ll be very less.

thanks

Ashal...

Dear Ajitvm, Here is my reply -

1. Dividends declared by Eq. index funds as well as Eq. funds r not liable to Div. Dist. Tax, plz. update urself.

2. Improvisation is OK, but it`s beneficial only when the investor already has a solid base (read solid portfolio) below his feet.

3. Well this is the most complex part of investing & people in general r not equipped to read the trend right & then act upon it.

4. Plz. check the performanbce of funds as recommend by dear wadia on Q on Q basis for past 12-15-18 Q. & in between u may notice what we r telling?

5. accept for heavy rush in panicky situations (just like last year) normal day to day redemptions don`t cost remaining investors. Yes if the fund corpus is vry small, the redemption `ll impact in a big way.

6. On the basis of Fund management charge it`s OK to invest in Nifty bees but the brokerage part also have an impact of costs. Also not all investors of MFs have demat acct.

7. I do agree with long term appreciation but again timing ur entry/exit is easier said than done & specially for a common investor.

Thanks

Ashal...