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Jul162013 by wealth18.comNo Comments

Shriram Transport Finance (STFC) NCD Issue July 2013 – Details & Review

Bonds

Shriram Transport Finance Company (STFC) has come out with public issue of secured non convertible debentures (NCDs) of face value of Rs 1,000 each, aggregating to a total of up to Rs 750 crore with yield upto 11.15% About the Company STFC is Flagship Company of "SHRIRAM" group which has significant presence in financial services & non-financial services business. STFC was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India under section 45IA of the Reserve Bank of India Act ,1934. Shriram Transport Finance Company's primary focus is on financing pre-owned commercial vehicles. In addition, the company also provides finance for new commercial vehicles, passenger commercial vehicles, multi-utility vehicles, three wheelers and tractors. In ...

Jun12013 by wealth18.comNo Comments

1% TDS deduction on Property over Rs 50 Lakhs – Section 194IA

Taxation

Now, you will have to deduct tax when you make the payment to the seller if the cost of the immovable property exceeds Rs 50 lakh. The Central Board of Direct Taxes has notified the new provision of tax deducted at source, or TDS, on immovable property exceeding Rs 50 Lakhs. What is the New Rule ? A new Section 194IA was introduced in Budget 2013-2014 / Finance Act 2013 which require the purchaser of an immovable property (other than agricultural land) worth over Rs 50 lakh to deduct TDS at the rate of 1% from the amount payable to a resident transferor. From when it is Applicable ? This new Section 194IA is applicable from 01-June-2013 At what rate TDS needs to be deducted ? TDS needs to be deducted @ 1% , but it would go up to as high as 20% if the seller does not disclose his perma...

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...