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9.75% SREI Equipment Finance NCD Issue Jan 2017 – Details & Review

ncd-srei

Last updated : 3rd January, 2017 SREI Equipment Finance will open its public issue of NCDs on 3rd Jan 2017 &  it closes on 20th Jan 2017. This NCD issue is offering  yield upto 9.7% and have 7 different investment options. Latest NCD issue of Reliance Home Finance (22nd Dec 2016) was over-subscribed 3 times the issue size on day one itself. In this post, I am trying to put details around how good this SREI Equipment Finance NCD is ? What are the postive and negative factors of SREI Equipment Finance NCD? Who should invest in SREI Equipment Finance ... Read More »

BHIM App – How to Setup, Use, Transfer Money – Step by step guide

bhim-guide

Last updated : 2nd January, 2017 Prime Minister Narendra Modi launched BHIM app on last Friday for promoting cashless transactions. BHIM (Bharat Interface for Money) is a mobile payment app and an aggregator for all UPI Based services offered by banks.  BHIM is a digital payments solution app based on Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI). It is not a mobile wallet like Paytm or Mobikwik as you can send money to anyone with or without BHIM App as long as they have bank account. It uses UPI through which all the major banks ... Read More »

80C Tax Saving Options & deductions (FY 2016-2017)

80c-tax-deduction

Last updated : 2nd January, 2017 In the month of March, most tax payers rush to invest their money in tax saving instruments. Though it is better to do the tax planning at the start of year & plan your investments over the whole year. Many salaried taxpayers has to submit the investment proofs etc to their employer in Jan.  Section 80C of the Income tax Act 1961 provides list of Investments / expenses which is allowed as Deduction from your taxable Salary. 80c tax exemption limit from FY 2016-17 is Rs 1.5 Lakh. Under 80C, you can claim maximum deduction ... Read More »

Rakesh Jhunjhunwala Latest Portfolio Holdings – Jan 2017

rakesh_jhunjhunwala

Last updated : 1st January, 2017 Rakesh Jhunjhunwala, 53, India’s most distinctive investor with a net worth of more than USD 1 billion.  He is one of the most famous and respected equity investors in India and manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Son of an income tax officer, he started trading in stocks while in Sydenham college and plunged into investing as a full time profession soon after completing his education. He started his career with $100 in 1985 when the BSE Sensex was at 150. He made his first big ... Read More »

Best ELSS Tax Saving Mutual funds to invest in 2017 – Top Performing

elss-funds

Last updated : 8th January, 2017 Equity Linked Savings Scheme (ELSS) Mutual Funds are one of the popular 80C tax saving options for savvy investors. Quick Overview of ELSS Funds ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. There is a lock in period of 3 years from the date of investment. You can remain invested even after 3 years and can withdraw anytime after that lockin. Returns are based on returns from Equity Markets.  Returns from ELSS Schemes are tax free. Based on previous returns, some of the funds has ... Read More »

9.4 % Reliance Home Finance NCD Issue Dec 2016 – Details & Review

reliance-ncd-2016

Last updated : 24th December, 2016 Update:  Reliance Home Finance NCD is oversubscribed 3 times on the opening day. Seeing the overwhelming response, the issue will be closed on Friday instead of the scheduled date of January 6.   Reliance Home Finance will open its public issue of NCDs on 22nd Dec 2016 &  it closes on 6th Jan 2017. This NCD issue is offering  yield upto 9.4% and have 4 different investment options. In this post, I am trying to put details around how good this Reliance Home Finance NCD is ? What are the postive and negative factors of ... Read More »

Airtel launches payment bank – offering 7.25% interest on Savings Account

airtel-bank

Last updated : 24th November, 2016 Airtel has launched India’s first payment bank and is offering 7.25% p.a. interest on Saving Bank deposits. This is a pilot launch in Rajasthan and will be rolled out to other parts of the country soon. Customers across Rajasthan will now be able to open bank accounts at 10,000 Airtel retail outlets Only Aadhaar number required to open the account – No other documentation required Both airtel & non-airtel customers can open bank account with Airtel Payments bank Interest rate of 7.25% on the money depsoits in Savings Account Money transfer to any bank ... Read More »

Demonetisation- Latest rules on withdrawal and exchange of old notes

big-bazaar

Last updated : 23rd November, 2016 Over the past few days, government has been changing the rules for withdrawal and exchange mostly every day.  In this post, I am trying to capture the latest rules: Updated 23-Nov-2016 1) Now you can withdraw upto Rs 2000 from Big Bazaar stores –  From Nov 24, You can get Rs 2000 by using your debit / ATM card. The facility is now available at 258 Big Bazaar and fbb stores in over 115 cities and towns across the country. Big Bazaar has tied up with State Bank of India and enabled mini ATMs across all 260 ... Read More »

How NRIs can exchange old Rs 500 / 1000 notes or convert / deposit them?

nri

Last updated : 21st November, 2016   Many NRI are now stuck with the 500 / 1000 rupee notes and wondering what to do with these and how can they get it exchanged. Here are few tips:   1. Carry Cash with you if you are travelling to India : If you are travelling to India, you can take your cash with you. You can deposit or exchange these in banks before 31-Dec-2016. Make sure that you carry some form of ID (PAN etc). If you are travelling after 31-Dec-2016, you can deposit these at RBI offices till 31-Mar-2017.   ... Read More »

How to convert black money into white money

black

Last updated : 20th November, 2016 Government has banned Rs 500 / Rs 1000 notes to tackle the problem of black money, corruption, fake currency. Many people are now searching for ” How to convert black money into white money”. It is one of the leading search term on Google. I do not encourage black money or methods mentioned below to convert black money to white money. Now people may be reaching you to get their black money converted or giving you lucrative offers. The intention of this post is to raise awareness that some of these methods are common ... Read More »

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