Research Desk

Premature Withdrawal Tax Benefit Maturity In case of pre mature withdrawal balance amount earns no interest. Pre mature withdrawal amount can be only used for the purpose of higher education or marriage. Any amount that would be deposited in Sukanya Samriddhi Account would be exempted from tax under 80C of IT Act, 1961, till a maximum of Rs 1.5 lakh.  The interest and maturity amount on this account is …read more

The National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme. The NPS has been designed to enable systematic savings during the subscriber’s working life and is an attempt towards finding a sustainable solution to provide adequate retirement income to every citizen of India. The amount can be invested across three asset classes based on risk appetite of the individual. They can either opt for an Automatic choice based on age …read more

For the low-income people, insurance was never considered to be an option in the past. They were assumed to be too poor to save and pay premium. Hence, the government assumed the responsibility of meeting health care needs of the poor. One could argue that if government pays for the poor anyway, why think of insurance at all? Instead, why does government not continue providing free health services to the poor, as in the past? Well, the strategy of free …read more

Health is not valued till sickness comes. Thomas Fuller The meaning of the above expression is best understood when we fall sick or get diagnosed with a disease. The benefits of getting a health cover is best understood when the resulting hospitalization and medical expenses create a big hole in our pockets. In India, health insurance penetration is just 5-6%. Most people depend on the employer provided group health insurance for their hospitalization and other expenses. One of the main reasons …read more

Educational grant or scholarship from the TATA group The  first Tata Trust, the J.N. Tata Endowment for Higher Education of Indians, was set up in 1892.  Subsequently, the Sir Dorabji Tata Trust was established by Sir Dorab Tata,  the elder son of Tata Group founder Jamsetji Tata in 1932.  The wealth that he turned over to the Trust comprised his substantial share holdings in Tata Sons, Indian Hotels and allied companies, his landed properties and 21 pieces of jewellery left by his wife, …read more

Retirement Savings and Accumulation Option- What works best for you?   Whether you are 20, 30, 40, 50, or 60 years of age, are you planning for retirement? If not, you should be. The amount of money that you save for retirement will have a profound impact on how your life is lived. Do you have any dreams or goals? Typically, retirement is the best time to meet your goals and transform your dreams into reality, but you can only do so if you …read more

As the tax season draws to a close, choosing and investing in the right scheme is key. Tax saving options can get confusing, so to aid your decision on which option is better, we have rated the different options on a variety of parameters. The investment options we have rated include the following, but different people have diverse investment needs, so you may need to analyse what is your personal requirement before selecting the scheme. Equity Linked Savings Scheme (ELSS) …read more

CATEGORY Car Name (Best Selling as per Nov’15) Price (Rs.) Eligibility for loan Loan taken EMI (Rs.) Interest Rate Tenure Down Payment Processing Fees Cash Discount Freebies Documents required MPV Maruti Ertiga               980,000 21 to 60 years for salaried class borrowers with a minimum one year in employment and 21 – 65 years for self-employed borrowers.   490,000 ,10,910 9.80% to 12.50% 1 to 7 years 10% of Ex- Showroom Price Rs. 0 to Rs. 10,000 Rs. 20,000 …read more

Fund Details Rank Return – 1 year (%) Return – 2 year (%) Return – 3 year (%) Return – 5 year (%) Equity Allocation (%) Debt Allocation (%) Others Allocation (%) AUM (Crore) Benchmark Alpha Beta R Squared Standard Deviation Sharpe Ratio Treynor Ratio Information Ratio Expense Ratio Portfolio P/B Ratio Portfolio P/E Ratio Total Return Top 5 Sectors Top % Holdings LARGE CAP   Religare Invesco Dynamic Equity 1/128 3.98 15.28 15.53 10.19 84.37 15.95 -0.32 78 S&P…read more

India: Startup Scene According to a report by World Startup, which evaluated universal startup ecosystems and recent NASSCOM 2015 startup report[1], India is the fastest growing startup ecosystem in the world with +4200 startups by October 2015, 110 startup incubators/accelerators and 2 times growth in number of investors in recent past[2]. A very high percentage of known new businesses are ‘technology-enabled’ which eradicates the need to list out ‘ICT’ as startup enabler in India[3]. Largely, ecommerce and aggregator …read more

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