Tax Rules Mutual Funds 2010


Its after long that I restarted work on the blog. I have pasted the tax rules for the financial year 2010. I have received it from principal mutual fund.





Comments

  1. Maria McclainJune 16, 2010

    nice post, i think u must try this site to increase traffic. have a nice day !!!

    ReplyDelete

Post a Comment

Popular posts from this blog

Real estate prices in India face slowdown

Real estate price in India is stabilizing and is facing steady slowdown especially in the metros. I have taken Bangalore as an example in this blog but other places too are affected by similar concerns. In Bangalore the real estate price is going crazy, though none of the real estate agencies would like to agree to this fact. Property prices moves due to the basic principle of Demand & Supply When demand is high & supply low prices will go up When demand is low & supply is high prices will come down For example let’s assume that somebody has bought a property for Rs X and he is trying to sell the property (say after a year), there can be three options, assumption being that the owner is in need of money and cannot wait for more than 3 months to sell the property. When the property prices are zooming everywhere> Here the owner will try to add as much premium to the property as possible, wait for three months and sell off in the last month at the highest bid ( RsX + RsY) W
Read more

Rupee Appreciation seems to be round the corner. Why / How /when

Factors which can lead the Rupee appreciation ·         Base rate effect to kick in  and the inflation numbers will go down and will be very much within the magic figure of 6 ·          Reversal in interest rate cycle ·          Increase in corporate confidence & profitability ·         FII money flows into the country ·         Hike in NRI deposit rates will also help in money flowing into the country due to arbitrage opportunity ·         Allowing Qualified Foreign Investors (QFI) to invest directly will allow money to move into the country. ·         US economy showing sign of improvement to help local market sentiments. This will again be positive to move in money to India. All these factors can lead the Rupee to appreciate and move away from 53 to below 50. Factors which can hinder the Rupee appreciation  ·         Sovereign debt situation worsening in Europe.        The best option today for NRI investors is to take advantage of the dep
Read more

QFI can now directly invest in the Indian stock markets. Views, Process, Advantage & Disadvantage

A QFI (Qualified Foreign Investor) is a KYC-compliant foreign investor who is a  resident in a country complaint with FATF (  financial action task force)  standards, a signatory to the International Organisation of Securities Commission's multilateral memorandum of understanding. QFIs should not be resident in India or registered with Sebi as a foreign institutional investor or sub-account.  This is a very good news for the markets as well as to the QFI. First advantage is a QFI doesn't have to worry about all the paper work & compliance in opening an  account with an FII and then investing in the Indian market. Going forward a QFI will only need to open a  DP account and a bank account and can use the advisor/broker to help in executing transactions. (More details on the process is still awaited). Secondly the limits on how much maximum amount a FII and a group of QFI can invest into a company has been increased to 10%. This is good as QFI's are mostly long term
Read more