Sunday, March 13, 2011

Samriddhi: Personal Finance Newsletter; March 2011

 
Samriddhi March,2011

Budget 2011 And Its Impact On You

The budget has impacted each of us in one way or the other, on basis of the age, profile, income standards, occupational standards and the rest. But one thing for sure is that it has impacted us for sure. How?

Let us find out.

If you are a businessman business class travel on domestic and international sectors will attract service tax of 10%. Excise duty of 10% imposed on branded readymade garments (RMG) and made-ups would lead to yarn and fabric manufacturers paying a higher excise duty of 5% ...

Case Study: Where To Invest Rs 1 Lakh - Short And Long Term Options

Mr. Praveen, 25 works in a reputed MNC and has just received Rs 1,00,000 performance bonus. Praveen wants to invest the same in profitable avenues but is confused about eventual financial goals. Suggesting him a suitable financial strategy...

Home Insurance: Why, How and Where

Possessing a home, in present times, is the biggest asset of an individual. You ought to take due care to protect the structure and the contents of your home against any untoward natural or man-made incident such as fire, lightening, explosion/Implosion, aircraft damage, impact damage, riot, strike, malicious and terrorism damage, storm, floods, landslide, bursting of ...
 
News Updates
HDFC Home Loan Rates Increase Again : Now HDFC Home loan borrowers have to pay more as the bank has revised its benchmark rates for the second time in a row in less than four weeks...
Reliance Mutual Fund Introduces Reliance Capital Protection Oriented Fund : It is a series I and is a close ended capital protection oriented scheme. The company will charge no entry & exit load and the subscription will close on 15th March, 2011...
ULIPs Will Now Become More Expensive : The proposed rise in the service tax on life insurance will more likely to make both traditional & unit linked insurance plans (ULIPs) more costly. The industry experts estimate the costs to rise by 50-75 basis points...
New XBRL Reporting System For Mutual Funds : The Securities and Exchange Board of India (SEBI) has decided to introduce a new reporting system for mutual funds. It would be based on XBRL technology ...
 
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Expert Review
Aegon Religare iMaximise : Aegon Religare iMaximise plan is a ULIP which provides with three investment funds to invest in. In additional provides you with a unique feature of choosing from two types of death benefits available. With nil policy administration charges, it makes the plan a suitable investment product for medium to long term.
Rate update
Home loan interest rates:
Bank/FI Interest Rate*
HDFC 10%
ICICI 10%
Axis 9.25%
Indiabulls 9.75%
IDBI 10.50%
 
 
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* Interest rate applicable on Rs. 40 Lakh loan amount with repayment period of 20 years.
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