Term Life Insurance

Are you working and have dependents ? Do you have housing loan ? Do you have any other liablitity like vehicle loan, personal loan, business loan etc etc.  If you meet with an accident and die today what will be fate of your loved ones ?  How will they survive ? How will they lead good life ? How will they repay your loans ? How the education of your children will be met ?  Death does not knock your door and gives invitation to die, so you should be prepared for all those eventualities.

The answer to all this is you should have Term Life Insurance.

You can purchase it online where the premium is very very less. As a rule of thumb you must be insured upto 10 times your gross yearly income. But you should have  proper income proof, ID and Address Proof, Bank Statement and should be medically fit.

If you are not having Term Life Insurance, kindly go and get one.

Post tax return

In investment you normally get profit. Say you invested Rs.1000 in Bank Fixed Deposit for 1 year and after one year got Rs.1100. Hence you got a return of Rs.100 and calculated in percentage terms it will be 10%.

But you forget to take into account one more factor, TAXATION, which will effectively reduce your return calculated.

If you fall in 10% tax bracket then your returns will be Rs.100 minus Rs.10. Hence your effective return will be Rs.90 or 9%

If you fall in 20% tax bracket then your return will be Rs.100 minus Rs.20. Hence your effective return will be Rs.80 or 8%

If you fall in 30% tax bracket then your return will be Rs.100 minus Rs.30. Hence your effective return will be Rs.70 or 7%

Further any Cess, Levy etc added to income tax will reduce your real return.

Hence, its important for you to note not only the return on your investment but knowing the post tax return is also important as it decides the return at your hands.

Atal Pension Scheme

Have any Pension Plan ?

No?  I feel sorry for you, Please be financially independent, At least have money to eat twice daily without depending on anybody. The stories we are hearing about old age persons is very disturbing, please do not take for granted that your children will feed you ( if they take care of you we will feel happy). But have some backup plans also. Save today for your future, small amount of money saved today will return you decent sum as pension every month when you turn 60.

We are talking about Atal Pension Yojana.

If you feel that you are financially fit for your old age, then look around you,

Gold Coin Scheme introduced by Modi Government

                                           Gold Coin / Bullion Scheme introduced by Modi Government

The Central Government on 5th November 2015 unveilded 3 gold schemes to monetise the gold in the country. The Gold Coin / Bullion scheme is one of them. The gold  coin will be the first ever national gold coin minted in India and will have the National Emblem of Ashok Chakra engraved on one side and Mahatma Gandhi on the other side .

Happy Diwali 2015

Reliance Retirement Fund

Retirement planning is one of the most important goals in the life of an individual. Typically, individuals prepare during their 30 years of working age acquiring knowledge, skill and sufficient income in order to live a good life post-retirement. With the increase in life expectancy, post-retirement life is expected to be as long, and hence it is important to plan and aim to accumulate a healthy retirement corpus that could ensure you have a happy and comfortable retirement life.

We are pleased to bring you Reliance Retirement Fund (RRF) - an open-ended notified tax-savings cum pension scheme offering tax benefits u/s 80C. The fund is uniquely designed with an aim to take care of the retirement needs of an individual. 

Some of the key features of the Fund are:
 

	2 Schemes - Equity-oriented "Wealth Creation Scheme" (65%-100% in equities) that could be suitable during the accumulation phase and Debt-oriented "Income Generation Scheme"(5%-30% in equities) that could be suitable during the distribution phase.
	Enables you to customise your retirement plans
	Tax-Saving - As per clause (xiv) of sub-section (2) of Section 80C of the Income Tax Act, 1961, individual investors will get tax deductions for investments up to Rs 1.5 lakhs in a financial year.

NFO Opens: 22nd January, 2015. NFO Closes: 5th February, 2015. 
Scheme re-opens for continuous sale and re-purchase not later than 20th Feb 2015

For further information visit: www.reliancemutual.com

How to claim your unpaid Dividends

Do you have shares of companies which have declared dividends but you have not received the same. You may be wondering how to get the same. So here is how to get them.

First visit the website of the company and go to section Investor Relations, The name and address of the Investor Relations officer along with the Share transfer agents will be available there. You either write to them or email them referring your Folio Number. The company will inform you the dividend due in your account and will also send you the undertaking/affidavit to be submitted to claim the same. Just fill the same and the dividend will reach your account.  In this way you can get dividend due to you for maximum 7 years as the dividend prior to that will be credited to Investor Protection Fund of SEBI.

 (In case you have shares in Dmat account, the dividend will be automatically credited to your bank account linked to your Trading Account).