L&T MIP WEALTH BUILDER PLAN

Mutual Funds Saving KA Naya Tarika

Mutual Funds Saving KA Naya Tarika

Mutual Funds Saving KA Naya Tarika

Mutual Funds Saving KA Naya Tarika

iciciprulife

 

RBI RAISE REPO AND REVERSE REPO BY 25 BPS

NEW DELHI: The Reserve Bankof India (RBI) raised repo rates by 25 bps on Friday to 8.25% and reverserepo rates by 25 bps to 7.25%, to arrest rising inflation in Asia's thirdlargest economy. CRR wasunchanged at 6%.
The RBI raised key lending rates for the 12th consecutive time in 18 monthsto 8.25 per cent. Post the hike, most analysts expect the RBI to pausethe rate hike cycle.
Annual inflation surged 9.78 per cent for the month of August, its highestin over a year, driven by rising prices of food and manufactured products.
The latest inflation numbers echoed the need for continued tightening,although the global scenarios remain weak and signal slowdown in the globaleconomy.
"Given inflation is still very much on RBI's priority, we don't seea pause at this time," said Abheek Barua, chief economist at HDFCBank. "Also, ifyou see the indirect indicators like excise collections, you would findthat growth has not dramatically collapsed, it has just moderated."If the RBI's governor's past utterances are any indication, the hawkishstance on inflation will remain.
"Notwithstanding signs of moderation, inflationary pressures are clearlyvery strong," he had said during the first quarter monetary policyreview on July 26. "The current balance of global and domestic factorssuggests that monetary policy needs to persist with a firm anti-inflationarystance."
Passenger car sales have slowed in recent months after jumping 30 per centin the fiscal year ended in March, suggesting high inflation and risingborrowing costs are hurting consumer durables demand. Further, rate increasescould worsen growth in factory output, bank credit, car sales, and non-oilimports which are already reeling under pressure.
The RBI has been one of the most active central banks globally to manageinflation.
The European Central Bank, Bank of England, and Swedish Central Bank amongothers continue to hold rates steady at reviews last week, amid easinginflationary pressures in the euro zone and concerns over weakening growthprospects.
A number of Asian central banks, including Malaysia's and South Korea's,paused their fight against inflation, while Brazil recently cut interestrates.

new product from icici pru

ICICI Prudential Life has launched two ULIP products - ICICI Pru Elite Life and ICICI Pru Elite Wealth. According to a company release, these products offer customers the flexibility of either choosing a single pay option or limited pay option of premium payment for five years. Under the single premium option, a sum assured of minimum 125 per cent to maximum 500 per cent of the premium amount is available to customers. In the limited pay option, a fixed sum assured ranges between seven to ten times of the annual premium. Another feature of these products is that loyalty additions will be paid to customers every year from the sixth year onwards. On maturity of the policy, the customer can choose to receive the maturity benefit as a lump sum or as structured payout through the settlement option to meet one’s financial goals. The death benefit that is given to the nominee will be higher than the sum assured and the fund value. The products offer customers the flexibility of structuring their asset allocation by choosing from a wide array of fund options with no limit on fund switches. The available fund options are: Opportunities Fund Multi Cap Growth Fund Bluechip Fund Maximiser V Dynamic P/E Fund Multi Cap Balanced Fund Income Fund Money Market Fund. Speaking on the launch, Mr. Madhivanan Balakrishnan, Executive Director, ICICI Prudential Life Insurance said, “The launch of ICICI Pru Elite Life & ICICI Pru Elite Wealth is aimed at aiding long term wealth creation and provide significant value to customers.”

ICICI Prudential Regular Gold Savings Fund

RELIANCE SIP INSURE

Peerless MF launches Peerless Equity Fund

Mr. Akshay Gupta, Managing Director and CEO said, “Indian equity markets have corrected significantly. Since the peak of Jan 2008, the market has corrected more than 20%. The Sensex P/E for FY 2012 on forward basis is estimated close to 14, which is way below its peak of around 25. We believe in terms of risk-reward ratio, reward is more favourable on a longer term basis. We expect the global and domestic situation to stabilize over next 2-3 months. Therefore, retail investors should take opportunity of market correction and enter the equity assets class for long term out performance.” Investment Objective: To generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity & equity related securities diversified over various sectors. Investment Strategy: The portfolio will have an optimal blend of large, mid and small cap stocks based on prevailing macro-economic & socio-political environment, both domestically and globally. The fund aims to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity & equity related securities diversified over various sectors. The scheme will allocate its 80% to 100% in equity and related instruments and 0% to 20% in debt. NFO Date: 07 September, 2011- 21 September, 2011 Distribution Strategy: The fund house will promote the fund through outdoor advertisements. It will be sold through a mix of channels like IFAs, NDs and banks. Active IFAs: 500 Minimum application: Rs. 1,000 Target: 50,000 applications Benchmark: S&P CNX Nifty Target Investors: The fund is targeted towards retail investors. Fund Manager: Kaushik Dani Entry load: Nil Exit Load: 1 % if redeemed before one year. R&T: Karvy

Peerless Mutual Fund | Peerless Equity Fund

where will the market in 2012

some variables

RELIGARE NCD SECURE NON CONVERTIBLE NCD YIELD 12.50%

LONG TERM INFRASTRUCTURE BONDS U/s 80CCF OF INCOME TAX ACT 1961

LONG TERM INFRASTRUCTURE BONDS U/s 80CCF OF INCOME TAX ACT 1961

Finance Minister in Union Budget had introduced a new section 80CCF under the Income Tax Act, 1961 that provide income tax deduction of Rs. 20,000 in addition to Rs 1 Lakh available under other provisions for claiming tax deductions for investments made in the Long Term Infrastructure Bonds that are notified by the central government. This announcement will boost the infrastructure projects in India. The deduction can be claimed by individuals or HUFs for the investments made in subscribing the long term infrastructure bonds during the FY 2010-11. Which Long-term Infrastructure Bonds eligible for tax deduction? As per the notification given by the central government, the bonds issued by following entities are eligible to subscribe as long term infrastructure bonds and eligible for a deduction under new section 80CCF Industrial Finance Corporation of India (IFCI), Life Insurance Corporation of India (LIC), Infrastructure Development Finance Company (IDFC) and Non-Banking Finance Company (NBFCs) who are classified as an infrastructure finance company by the Reserve Bank of India (RBI). Benefits of Tax savings for Long Term Infrastructure BondsAny investment in long term infrastructure bonds up to Rs. 20,000 is eligible for tax deduction from the taxable income. This means for an individual falling under 30% tax bracket will effectively save Rs 6,180 and a lower tax bracket individual of 10% will save tax up to Rs 2,060. Lock-in period & Yield of the bondThese long term infrastructure bonds will be available for tenure of minimum 10 years and the lock-in period of 5 years. It means investors can not exit from the bonds before 5 years and after 5 years they have an option to exit in the secondary market or via buyback offer given by the issuer. Investors can also pledge the bonds in some specified banks to obtain the loan against the bonds only after completing the lock-in period. Yields of the long term infrastructure bonds and other detailed terms and conditions are specified by the issuers at the time of launch on the respective bonds. However, the important thing to note is the yield will not be higher than the yield of government securities of corresponding residual maturity schemes. Who are Eligible Investors? Only Resident Individual (Major) and HUF can invest in these bonds. To Conclude Any tax saving investment is always welcomed by tax payer however before investing such tools it is wise to check the returns from the investment over the long term period. Long Term Infrastructure Bond Issues in FY 10/11

ICICIPRU I PROTECT