Fund Open Date : 23-Jan-12 Fund Closing Date : 06-Feb-12 NFO Details Company Union KBC Asset Management Company Pvt. Ltd. Scheme Name Union KBC Dynamic Bond(G) Scheme Type Open ended scheme Benchmark Index Crisil Composite Bond Fund Index Fund Manager Parijat Agrawal Category Long Term Income Initial Offer Price (Rs) Rs. 10 Minimum Investment (Rs) […]
The finance ministry may extend tax benefits for investment in infrastructure bonds for one more year. But the limit ofRs 20,000 may not change, despite appeals from the industry http://www.business-standard.com/india/news/infra-bond-tax-gain-may-stay/462678/ .
The Rs 5,000 crore Indian Railways Finance Corporation (IRFC) bond, scheduled to open on January 27, has sprung a surprise in its prospectus. What has stumped investors is the new clause (a first in such issues) that the additional coupon for retail investors (8.15 per cent and 8.3 per cent) will be only for primary […]
The finance ministry’s ambitious plan to implement portability in savings accounts has not found favour with the Reserve Bank of India (RBI). The central bank has told the ministry there is no advantage to customers nore to banks from such a plan. “Savings bank accounts cannot be equated with a mobile number,” said a source […]
Unit-linked insurance plans are unable to attract the attention of investors as they did earlier, even in the present tax-savings season. The sales mix of private life insurers show that traditional, pure life products have almost choked the growth of unit-linked plans. http://www.thehindubusinessline.com/industry-and-economy/banking/article2814814.ece .
The government may make it mandatory for all taxpayers to provide details of their overseas assets, including bank accounts, while filing their annual tax returns, as the drive against tax evasion gains momentum. The proposed Direct Tax Code, or DTC, has a provision that seeks to cast an obligation on taxpayers to furnish full details […]
The recent controversy surrounding pension plans has taken another turn, with the Insurance Regulatory and Development Authority (Irda) rejecting all pension products filed under the new guidelines issued in November http://www.business-standard.com/india/news/insurance-regulator-rejects-new-pension-product-filings/462249/ .
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Financial Planning is the process of meeting your life goals through the proper management of your finances. It involves the process of assessing your financial situation, determining your objectives and formulating a plan to achieve them. Financial Planning helps in taking control of your finances it assists you in curbing sort-termRead More
