News
Entry load's return boosts morale of MF industry
Posted date [Sun 07th August 2011]
Category [ Property news]
Sebi's recent decision to allow a one-time transaction fee on mutual fund schemes augurs well for the asset management industry.
 |  |
Irda draws up ALM & stress testing norms
Posted date [Fri 05th August 2011]
Category [ Property news]
Insurance regulatory body IRDA has laid down framework for asset liability management(ALM)and stress testing to guard investment activities of insurance companies against fall in the equity market.
| |
No tax on wrongly paid amount, says Income-tax Appellate Tribunal
Posted date [Fri 05th August 2011]
Category [ Property news]
Tax cannot be levied on an amount wrongly paid to a person because of a mistake made by the payer, according to a recent order by a division bench of the Income-tax Appellate Tribunal (ITAT).
| |
Govt to set up tax offices in US, France, 6 other nations
Posted date [Fri 05th August 2011]
Category [ Property news]
Under pressure to bring back unaccounted money stashed abroad, the Government today said it will set up tax overseas units in eight countries, including the US, France and Germany, this financial year.
| |
Credit information report & credit scores
Posted date [Thu 04th August 2011]
Category [ Property news]
Your credit information report (CIR) contains details of your credit history and track record in taking and repaying loans from banks and finance.
| |
Anil Ambani group firm Reliance Securities launches regular stock purchase plan
Posted date [Thu 04th August 2011]
Category [ Property news]
Reliance Securities today launched a systematic investment scheme which allows customers to invest in equity market by making small, regular investments.
| |
HDFC raises home loan rates by 50 basis points
Posted date [Wed 03rd August 2011]
Category [ Property news]
Citing the rising interest rate scenario in the economy, the company on Tuesday said it has increased the rate of interest on floating rate home loans by 50 basis points.
| |
Government employee cannot be denied medical reimbursement due to delay
Posted date [Wed 03rd August 2011]
Category [ Property news]
The Madras HC bench here has ruled that a government employee could not be denied medical reimbursement just because he had delayed the claim.
| |
IndiaFirst launches Money Back Health Insurance Plan
Posted date [Wed 03rd August 2011]
Category [ Property news]
The plan offers a comprehensive health cover for the entire family along with the investment flexibility to grow wealth.
| |
IndiaFirst Life forays into health insurance
Posted date [Wed 03rd August 2011]
Category [ Property news]
IndiaFirst Life Insurance on Wednesday forayed into the health insurance segment by launching a new product .
| |
EPF scheme may be extended to all firms with over 10 workers
Posted date [Wed 03rd August 2011]
Category [ Property news]
At present the EPF Act has provisions that any factories or establishments having 20 or more employees have to contribute to the EPF.
| |
Edelweiss Mutual Fund launches Edelweiss Select Midcap Fund
Posted date [Wed 03rd August 2011]
Category [ Property news]
Edelweiss Mutual Fund announced launch of Edelweiss Select Midcap Fund.Its aim is to generate long-term capital appreciation by investing in equity.
| |
Mutual fund managers expect profit in MIPs
Posted date [Tue 02nd August 2011]
Category [ Property news]
At current yields, fixed-income managers hope to generate 10-10.5% returns on debt securities included in an MIP portfolio.
| |
Foreign mutual funds woos agents with gifts
Posted date [Tue 02nd August 2011]
Category [ Property news]
The fund house, in its effort to ramp up asset base, offers an upfront commission in excess of 1.25% and annual trail commission close to 1%, sources in distributor circles said.
| |
Post RBI rate hike, debt mutual funds to help maximise gains
Posted date [Tue 02nd August 2011]
Category [ Property news]
Debt mutual funds provide retail investors an avenue to diversify their investments while also providing tax-efficient returns better than traditional investment avenues.
| |
Parliamentary committee expreses concern on claims rejected by insurers
Posted date [Tue 02nd August 2011]
Category [ Property news]
A Parliamentary standing committee on finance has expressed concern over the increase in the number of claims rejected by the insurers.
| |
Mid, small-cap shares prop up equity funds in July; gold funds shine
Posted date [Tue 02nd August 2011]
Category [ Property news]
Diversified equity mutual funds fell less than the benchmark index in July, as exposure to shares of mid- and small-cap companies helped limit losses.
| |
Life insurers' Q1 total premium declines 28% to Rs 18,283 cr
Posted date [Tue 02nd August 2011]
Category [ Property news]
The life insurance industry has witnessed a 28 per cent decline in total premium collection at Rs 18,282.85 crore.
| |
With RBI rising rates, a term plan makes better sense
Posted date [Tue 02nd August 2011]
Category [ Property news]
When rates rise, a home loan protection plan may not entirely cover a house loan liability. In that case, a term plan makes better sense.
| |
Follow IRDA guidelines on insurance policies
Posted date [Tue 02nd August 2011]
Category [ Property news]
It is not unusual to see insurance-seekers as well as those who have bought policies to rely heavily on their insurance agents for advice and help regarding operational issues.
| |