Finally finance ministry approved the plan Rajiv Gandhi Equity Saving Scheme (RGESS). The plan features are almost same as was announced during the budget session with few clarity on issues. Let us see it's features and benefits and is it really a innovative scheme for promoting equity … [Read more...]
Archives for September 2012
Is over diversification impacting your portfolio?
It is well known fact that diversification is a "mantra" used to reduce your portfolio risk. But sometimes it happen such that, without your notice you expose to over diversification. This over diversification may harm you in other way than what you risk of being non diversifying.To understand … [Read more...]
FundsIndia-Invest in Mutual Funds with innovative options
Usually their are few options investor will find ways to invest in mutual funds. Some of them are through adviser, directly (recently lot of changes and discussion is going on this issue), through your demat account, CAMS or through web portals. I am concentrating on investment of mutual funds … [Read more...]
How to pay LIC premium online without registration?
Forgetting the password for your LIC log in page to pay LIC premium is common thing. Reason is you regularly not log in to this page as your premium will be either yearly or half yearly. So LIC created one more facility where you no need to register, instead directly you can pay online without any … [Read more...]
Reverse Mortgage Loan enabled Annuity-How it works?
Reverse Mortgage is the new type of loan scheme to cater to the old age people's last days needs. But few concerns still exist in Reverse Mortgage Loan scheme like-What if property value drastically drops? What if a person live even after 20 years of taking loan? (Maximum tenure in Reverse Mortgage … [Read more...]
LIC’s Bonus rates for 2012-13 and comparison
LIC declared it's bonus rate on 1st September 2012 for the year 2012. Let us see how much are they and compare with last 5 years bonus rates. Latest rates are available in my latest post "LIC's Bonus rates for 2013-14 and Comparison".Above Bonus rates for 2012 will be applicable for … [Read more...]
Know your new “CTS-2010 Standard” Bank Cheque Format
It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called CTS-2010. Which will be available from 30th Sept 2012. Also already circulated cheques will be replaced within 31st December 2012. So it is necessary for all to understand how your new cheque … [Read more...]
Basic Services (no-frills) Demat Account (BSDA)-Features and Benefits
Recently market regulator SEBI introduced new type of Demat Account to woo small investors in opting securities in Demat form. This type of demat account is called "Basic Services Demat Account (BSDA)". This initiative is to reach the IPOs to retail investors and promoting small investors to have … [Read more...]