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May282013 by wealth18.comNo Comments

New PF contribution rule may reduce your take home salary

News, PF

Update: In case you are looking for the new EPFO notification about threshold increment from Rs 6500 to Rs 15000, please go to the post below : June 2014 – EPF threshold raised from Rs 6500 to Rs 15000 – New EPFO Notification https://wealth18.com/epf-threshold-raised-from-rs-6500-to-rs-15000/ ---------------------------------------------------------------------------------------------------------------------------- This post if related to impact on take-home salary if the PF dept decides to include allowances under the ambit of PF deduction. Did you know that the latest drive of the Provident fund authorities may reduce your take home salary? Employees Provident Fund Organization (EPFO) is all set to re-notify a new definition of "compensation" that will include all your allowances (no...

May232013 by wealth18.comNo Comments

Best Performing Gold Mutual Funds in India

Mutual Funds

Comparison of Gold Mutual Fund Returns Currently there are 10 Gold Funds in the market and comparison of returns of gold savings funds : ICICI Prudential Gold Savings Fund HDFC Gold Fund SBI Gold Fund Kotak Gold Fund Reliance Gold Savings Fund Quantum Gold Savings Fund Religare Invesco Gold Fund Axis Gold Fund Birla SunLife Gold Fund Canara Robeco Gold Savings Fund The returns of all ETFs are similar as these are passive funds and track gold price movements. However, the difference between returns are because of effective utilisation of cash (5-10% of portfolio)

May232013 by wealth18.comNo Comments

Best Performing Gold ETF in India

Mutual Funds

Comparison of Gold ETF Returns Currently there are 13 Gold ETF in the market and comparison of returns of gold ETF : UTI Gold Exchange Traded Fund (ETF) Quantum Gold Fund Kotak Gold ETF GS Gold BsES ETF R* Shares Gold ETF Canara Robeco Gold ETF SBI Gold ETF Motilal Oswal MoST Shares Gold ETF Reliagre Invesco Gold ETF Birla SunLife Gold ETF IDBI Gold ETF HDFC Gold ETF Axis Gold ETF The returns of all ETFs are almost same as these are passive funds and track gold price movements.

May232013 by wealth18.comNo Comments

Comparison of Returns of Gold ETF vs Gold Mutual Funds vs e-Gold

Mutual Funds

In my earlier post, I have compared the features of Gold ETF, Gold Mutual Funds & e-Gold. https://wealth18.com/comparison-of-gold-etf-vs-gold-mutual-funds-vs-e-gold-which-is-the-best/ In this post, I have quickly compared the Returns of Gold ETF, Gold Mutual Funds & e-Gold. Assumption for this calculation Intial Amount invested - Rs 1 lakh Gold prices appreciating 10% every year Based on the above comparison, e-Gold is very cost effective as compared to Gold ETF & Gold Mutual Funds.

May222013 by wealth18.comNo Comments

SBI Gold Fund Accumulation Facility – Details & Review

Mutual Funds

SBI Gold Fund has recently launched the unique Gold Accumulation Facility under it's Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP). The facility would allow investors to invest in the scheme based on a specific quantity of SBI Gold Exchange Traded Schemes (SBI GETS) unit, wherein unit of SBI GETS represent approximately 1 gram of gold. Till now, you could invest in Gold Mutual Funds only by a specific amount and not by quantity (as in Gold ETF – you buy by quantity) Terms & conditions for the Gold Accumulation Facility SIP: Target scheme: SBI Gold Fund Frequency: Monthly & Quarterly Minimum units: 1 unit of SBI GETS & in multiples of thereof Maximum SIP instalment amount will be capped at Rs. 1 lakh.< Minimum number of instalments: 6 for monthly S...

May152013 by wealth18.comNo Comments

Comparison of Gold ETF vs Gold Mutual Funds vs e-Gold – Which is the Best ?

Mutual Funds

If you want to invest in Gold, electronic form of investment is better than buying physical gold due to reasons of safety, storage, liquidity, purity etc.You have few options of buying gold in electronic format like e-Gold, Gold ETF, Gold Mutual Funds etc. In this post, I have compared the features of different options of buying gold in electronic form. e-Gold (NSEL) - Very Cost effective as compared to Gold ETF / Gold Funds. Best for those you want to invest for longer term & large amounts. Also, Physical delivery of Gold Coins/Bars can be taken. But need to open separate DMAT account with NSEL. Read my other article on e-Gold by NSEL. Gold ETF - Gold ETF for those who already have share trading account and do not want to open separate account with NSEL for e-Gold. Gold M...

May92013 by wealth18.comNo Comments

Which ITR Forms to use for FY 2012-13 (AY2013-14) to file Income tax returns in India?

Taxation

So we are now in Income Tax return filing month - July. Last date to These Income-tax Returns in most cases for AY 2013-2014 (FY 2012-2013) is 31-July-2013. However, for the Corporate Sector as well as for persons who are having the requirement of tax audit, the last date of filing Income-tax Return happens to be 30th September 2013. Now, you must be thinking, which Income Tax return (ITR) Form is applicable for you ? Salaried employees will normally need to file their Income Tax returns in ITR 1 or ITR 2 (depending on the conditions below). So please read the specific conditions to determine whether you need to file your returns in ITR 1 or ITR 2. Form Conditions ITR 1 You can file return in ITR 1 if you have Salary income If you have income from ONE house property (excluding...

Apr152013 by wealth18.comNo Comments

20 stocks that can give over 20% returns in 2013 – CitiGroup

Stocks

CitiGroup has recently issued a report providing 20 stocks that could give you 20 percent return in 2013. It is of the view that investors should look at several small themes for stock picking rather than one grand one. "These include a) falling interest rates - but moderate falls from here; b) continuing government policy/pricing action - and a little more on the execution side; c) maintaining a currency hedge - it's a vulnerability; d) moderating consumer demand; e) positioning for a recovery - albeit one that will be gradual, U rather than V-shaped; and f) an improving global outlook," the report says. A major portion of the 20 stocks come from the largecap space. But after the sharp correction in the midcap space in 2013, it has picked up a few stocks that could generate decent retur...

Apr142013 by wealth18.comNo Comments

NRE Fixed Deposit – Good investment option for NRIs

NRI

If you are an NRI & looking for a safe investment option in India, then you should consider investing in NRE Fixed Deposits . RBI has de-regulated the interest rates on NRE fixed deposits and banks are now offering an interest rate of 8.5-10% p.a as against 2-4% earlier. Also, weaker Indian Rupee makes these deposits more attractive. Benefits / Features of NRE Fixed Deposit (NRE FD) Attractive interest rates (between 8.5 - 10 % p.a) Lucrative exchange rates (if you want to convert USD/GBP etc to Indian Rupee) Tax free interest in India fully repatriable (both principal and interest earned can always be converted back to your foreign currency) 1-10 years tenor range Current Rates on NRE Fixed Deposits (NRE FD) (Latest) - See Post How to Open an NRE Fixed Deposit (NRE FD) If ...

Apr12013 by wealth18.comNo Comments

Apply online for PF transfer and withdrawals from July 1 2013 : EPFO

News, PF

EPFO is launching an online facility to apply for EPF Transfers & withdrawals on July 1 2013. EPFO's Central Provident Fund Commissioner Anil Swarup told reporters at PHD conference - "We have decided to set up a central clearance house which will be operational on July 1. This will enable subscribers to apply online for settlement of the withdrawal and transfer of funds claims," "The biggest problem faced by the subscribers is transferring their accounts on change of job. This central clearance facility will expedite the process", he added. "The onus of getting the detail of the PF account verified from employers would be on the Employees' Provident Fund Organisation (EPFO) in the new online system for transfer and withdrawal claims," Swarup said. Over 50 million subscribers of the r...