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Personal Finance
Tracked by: 0 Boarder
I want to transfer my stocks to my wifes account. I have been holding thos shares for more than a year now. will she be subjected to capital gain tax if sold in a month or so?
C M Naik...
Tracked by: 1 Boarder
If the amount is big, then its ok to park the same in some liquid / plus fund like HDFC HI Short Term. But, though there is no exit load, yet there will be STCG on gains, and for such short period, I don`t think it makes sense.
regards,
MIK...
In reply to:
short term investment in MF
Posted by :
hsm
I would like to invest for short term say 7 days or so in MF so that my capital does nit lie idle? What would be the best fund to invest in? 
Tracked by: 0 Boarder
i have been inesting in birlasunlife - frontline(g), midcap(g), hsbc equity g-2000/- pm , franklin prima plus rs1000/-pm and benchmark vip rs.2500/ pm. is my choice correct ?...
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Hi,
Just because you are ready to take high risks does not mean that you go and invest in any fund.
I would advise you to invest your amount in a Debt Fund and go for a STP with a weekly STP.
You could consider
Reliance Regular Savings Fund - equity
Birla Sunlife equity Fund
Mirae Asset India Opportunities Fund
Regards,
Srikanth...
In reply to:
Best MF for Lumpsum investments
Posted by : yrockonu
I want to invest 60k in 5-6 MF. plz suggest me the best funds. I am ready to take high risks.i am first time invester in MF
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Article from ET:
A few days back, I had a fascinating conversation with the CEO of a major fund company. He lamented that fund companies` practice of launching
MF
ever-specialised thematic and sectoral funds routinely turns around and bites them when the markets turn against that sector or theme. Here`s what happens, according to my friend. When the markets are behaving in a certain way, fund companies succumb to marketing pressures to design funds according to what will appeal to investors at the moment. This could be a sector like (once upon a time) technology, or it could be a broader theme like infrastructure, or it could be a size limit like mid-cap companies or whatever.
It`s important for the knowledgeable investor to understand that regardless of what the hype says, these distinctions are almost always created because of marketing needs. It is an unfortunate fact that financial products are bought and sold with the same mindset as consumer products, and products need to be differentiated from competing products in order to sell them.
However, the problem starts when the market turns against the theme. According to the CEO who spoke to me, investment managers get completely trapped in the fund`s original marketing-driven limitations. There comes a point when they know the fund is going to do badly compared to the general market but there`s nothing that can be done. The fund just sits around losing money; the more active investors keep redeeming their funds and the less active ones get set up for a shock when they eventually see what has become of their money. Either way, investors lose money, and the fund company loses its customers and its reputation.
Now, it`s up to the fund companies to have the courage to solve the problem at their end but for the thinking and knowledgeable investor who is reading this publication, the solution is straightforward: Never, ever invest in anything but a completely diversified fund. As the market twists and turns, your fund manager must have the freedom to move to invest in any sector, theme or size of company.
When you invest in a mutual fund, you are paying a fund manager to make investment decisions for you. It`s his or her job to figure what type of investment is best at the moment. Whether it is infrastructure, FMCG or technology, which is the right area to invest in, that`s part of the service that you are supposed to get when you invest in a mutual fund. However, when you get tempted by a fund that is supposed to limit itself to a particular subset of the market, then you are pre-empting the fund manager and making an investment choice yourself.
Inevitably, the time period over which a narrow theme does well is a subset of the time period over which the entire market does well. This may not appear to be the case over a short timeframe but in the long run it is always true. The way marketing works, and the way human beings get attracted to some things and not to others is not going to change.
And that means that not only are financial products (not just funds) going to be sold in the same feature-driven way that cars and shampoos and music players are sold, but a good majority of investors are going to choose them in the same way. However, once you understand what`s happening, it doesn`t make sense not to change the way you make your choices.
Having said that, I myself have few sectorial funds and planned to quit / switch them to diversified ones.
regards,
MIK...
Tracked by: 3 Boarders
Sundaram BNP Paribas Tax Saver - Dividend Pay out option ...
In reply to:
Invest 25000/- in Mutual Fund Tax Saver
Posted by :
Guest
Hi,
I want to invest 25000/- in Mutual Fund Tax Saver. Can you tell me whcich fund I have to choose for investing ?
Tracked by: 0 Boarder
HDFC TOP 200 - Rs 2000
HDFC PRUDENCE - Rs 1000
Birla Sunlife Frontline - Rs 2000
DSPBR Equity - Rs 1000
Reliance Growth - Rs 1000 ...
In reply to:
Best MF for Lumpsum investments
Posted by : arinshare
Dear All,
I wish to rejig my portfolio as my current portfolio owns 9 (nine) funds and I like to reduce it to maximum 5 (Five) and continue SIP for next 10-12 years. My desired portfolio should have the following funds. There is one seen bug - major part will be invested in one AMC – HDFC.
HDFC Equity - Rs.2000.00
HDFC TOP 200 - Rs.2000.00
HDFC Prudence - Rs.1000.00
Reliance Regular - Rs.1000.00
DSPBR Equity - Rs.1000.00
If you find any inconsistency, please let me know.
Tracked by: 0 Boarder
Dear Members,
I invested in HDFC Growth(G).
Out of total units, I switched 30.088 units to HDFC Prudence and Top 200 last month.
I calculated the units bought and come out with 198.202 units completed 1 year from the remaining units.
I redeemed 198.202 units yesterday. But, I was amazed to see that rather than those units which completed 1 year, units bought in Jan/Feb-2009 were redeemed, due to which there was TDS done of 318 Rs.
Please suggest.
regards,
MIK...
Tracked by: 0 Boarder
Café business is at a nascent stage in India. It is set to explode with new players emerging and creating space for themselves. Tecknopak Advisors, a global retail consultancy firm, pegs the organized coffee retail business in India at over INR 8 billion with the potential space for nearly 3,000 more coffee retail outlets in India. Existing large players as well as new ones will have more than enough opportunity to participate in this sector provided they time it right. India is one of the fastest emerging markets in the world and with business sentiments getting better by-the-day in the country; a great opportunity is unfolding here – in the form of cafés.
With growing disposable income and better living standards, many are finding these cafes as an ideal place to meet and spend quality time. Thus owning a café business is exciting and is profitable – provided it is done well.
Most of the larger players operating in the Indian café market prefer a COCO (Company Owned Company Operated) model thus sometimes denying many budding entrepreneurs an opportunity to participate in this great Indian growth story.
JenJon Retail & Services Private Limited is the Master Franchisor of BREWBERRYS, a young café chain in the country that has presence in many cities across the country and is now looking at explosive growth of over 200% YoY. It is also one of the very few cafés chains in the county that offers franchise to individuals. The Brewberrys franchise model is designed with a great sense of understanding of the local market and trends. We have a team of internationally trained coffee professionals to establish and develop the business successfully. By becoming a franchisee, one can benefit from a comprehensive support program that includes:
• Location analysis and feasibility report
• Professional training of staff
• Sales and marketing strategy
• Café designing and interiors
• Logistics
• Centralised software
We are looking for investors who are in possession (or can arrange) 600-1200 sq.ft. of commercial space in high foot-fall areas and are ready to invest about INR 1-1.5 million in franchise ownership. Prior business experience of the investor is not necessary as comprehensive training will be provided. The industry also provides professionals and entrepreneurs an excellent growth market to enter. Now is the time to jump in.
This is also an excellent opportunity for professionals wanting to own their own business, with low risk and good returns.
Please feel free to write into brew-berrys(at)in(dot)com for more details.
...
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I am unable to incorporate my investment in utimf ulip in my portfolio maintained with the moneycontrolpleae help.kindly post the reply ...
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The reply given by the Department is in line with my reply to Mr. Bilakhia. You will have to prove it with the help of both contract notes that 12 months have indeed been completed....
In reply to:
short term or long term?
Posted by : ashalanshu
Dear Subasu/Bilakhia, I`m not at all agree with the view taken by ur Bank. Sample this -
Purchase date - 9 oct 2008
12 months completes on - 8 oct 2009 (by the midnight of 8th oct 2009 i.e. 12AM for 9 oct 2009)
since the holding periods exceeds the 12 months period (no matter the period is few days or few Hrs.), in my opinion ut Gains r LTCG & as the STT was paid, u r eligible for Tax free LTCG.
Bank is not right to ask for completion of 1 more day to be eligible for tax free LTCG.
Thanks
Ashal
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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
...
In reply to:
short term or long term?
Posted by : Guest
hi sir i sold flat in the name of my .but i want purches oter flat in first name of my wife.what i libel to pay capital gan tax.
Tracked by: 0 Boarder
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...
In reply to:
ICICI FINNACLE
Posted by : ravir2000
ICICI had introduced a ULIP and insurance product called FINNACLE. I am interested to know about the product from members to take final decision. members may kindly through more light on FINNACLE what are merits and demerits of scheme.
Tracked by: 1 Boarder
I would like to invest for short term say 7 days or so in MF so that my capital does nit lie idle? What would be the best fund to invest in?...
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The returns in Jeevan Nischay are nothing to write home about. Even the KVP gives you much better returns.
I suggest you rather take a Term Insurance for your life cover and invest in a Good Diversified Mutual fund for returns.
To add to what the experts have said here, you can invest in
Birla Century Sip
DWS Tax Saving Fund
Reliance Sip Insure
here you will get much much more returns than what you get in Jeevan Nischay and even in ULIPs.
...
In reply to:
Jeevan Nischay
Posted by : sd.prasanna
Dear Experts,
Kindly give me your view on Jeevan Nischay. Last year I missed investing in Jeevan Aastha.
Shall I invest in jeevan Aastha???
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