The ideal world: Ulips offer a mix of insurance cover, investment returns and tax savings. The real world: they are primarily insurance products with an investment edge.What Ulips are all aboutUnravelling the Ulip
There is an unprecedented growth in the number of Ulips sold and in the collection of premiums. All of this serves to boost the cause of privatisation. This is why we decided to make Ulips the subject of the first Money Today Round Table, held in Mumbai last month.
When everybody starts talking of investing in an asset class, you should redeem your money. When they have burnt their hands in an asset class, lost money and redeemed it, start investing, says Arvind Bansal.
The mutual fund investments are subject to capital gains tax, which is applicable to gains from the sale of fund units. This tax is levied directly on investors, as opposed to DDT, which is charged to the fund. Let us consider the capital gains tax at the 2008-9 rates.
With its Rs 20,000 crore public-private initiative that will offer three-star lodging at affordable rates across the country, the Indian Railways is set to revive its sagging image. For proof, check out the newly renovated Ginger Yatri Niwas in Delhi.
The calculation of home loan is based on the fundamental principles of annuity. EMI is the amount paid every month which gives the present value of ordinary annuity or annuity due (given a particular rate of interest and loan tenure).
It’s silly to buy insurance and investments together. One can buy mutual funds separately at one’s discretion. There is no need to lock in a fixed commitment to units of a mutual fund (clubbed with insurance cover) with a multi-year horizon.
DePorre uses the shark metaphor to good effect while offering an aggressive investment strategy that debunks conventional wisdom.The advice is sound, but not practical enough to empower the ordinary investor, says Kamya Jaiswal.
Have e-mail, must check. But what do you do to indulge your e-mail obsession if you don’t have a fancy mobile phone or a laptop? There are several gaming and music devices with Wi-Fi connectivity and a browser that can help you stay connected.
When Mumbai-based 19-year-old Samrit Shah painted his sports shoes for fun, he didn’t realise how quickly the concept would catch on. Today, along with friend Himay Kumbhani, he runs Toe 2 Head, a shoe customising outfit.
Almost every investor, including you and I, has acted on a tip or a rumour or simply taken a speculative gamble at least once during his investment lifetime. Therefore, we feel our first job is to "educate" investors.