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  • Title: OneMint — Helps You Make Better Financial Decisions
    Descriptive info: .. Home.. About.. Contact.. Suggest a topic.. Forum.. Services.. Subscribe:.. Email.. |.. Feed.. SREI Infra 11.. 75% NCDs September 2014 Issue.. This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR.. He can be reached at skukreja@investitude.. co.. in SREI Infrastructure Finance Limited has launched its public issue of Non-Convertible Debentures (NCDs) from today, September 29.. The company has set Rs.. 250 crore as the [ ].. Click to Continue.. Book Review: To kill a Mockingbird.. September 17, 2014.. I ve recently finished reading Harper Lee s To Kill a Mockingbird, and I really enjoyed this classic novel.. The novel is set in a fictional small town in Alabama during the Depression, and is narrated by Jean Louse Finch or Scout who is 5 when the story starts, and is 8 when the story ends.. The story is [ ].. Click to continue →.. Shemaroo Entertainment IPO Review.. in After huge subscription for Snowman Logistics and Sharda Cropchem IPOs and a grand listing received by Snowman, next company in line to get itself listed on [ ].. Manappuram Finance 11.. September 14, 2014.. in Gold finance company, Manappuram Finance Limited (MFL), has decided to launch one more issue of its non-convertible debentures (NCDs) from tomorrow i.. e.. September 15th.. The company [ ].. Sharda Cropchem IPO Review.. September 7, 2014.. in IPO season is back again.. With the stock markets making new lifetime highs every other day and still showing no signs of tiredness, it seems to [ ].. Increase in PPF Investment Limit to Rs.. 1.. 5 lakh Notified Acceptable Now.. September 1, 2014.. in Starting today, I would like to remind my clients or those investors, who have the habit of depositing their hard earned money in their respective Public [ ].. Snowman Logistics IPO Review.. August 25, 2014.. in Gateway Distriparks’ 54.. 04% owned subsidiary, Snowman Logistics Limited,  ...   plan.. August 3, 2014.. One of the most interesting and lively discussions during financial planning is to agree upon estimated future rate of returns on different asset classes, as well as inflation rates over long periods of time.. On every other aspect of the plan, one party or the other has a greater say, and they can back them with numbers or [ ].. Weekend Links 31st July 2014.. August 2, 2014.. If you ve been watching the news, you ve probably asked yourself at least once why are so many children dying in Gaza? Here is the answer.. You might also be wondering why Israel with all its strength isn t able to overcome Hamas? An answer.. I have read and heard about wealth gap several times, but never in [ ].. Previous Entries.. Free PDF Download:.. Beginners Guide to Investing in the Stock Market.. Popular Posts.. Crores to Millions Calculator.. List of 10 Safe Investments in India.. Part 1: How should beginners approach investing in the stock market?.. Check Your CIBIL Credit Score Credit Information Report Online.. How to calculate interest on recurring deposits?.. Income Tax on Gifts from NRIs and Relatives in India.. EPF e-Passbook Check Your Employee s Provident Fund Balance Online.. What is IRR and how is it calculated?.. Post Office Monthly Income Scheme.. Subscribe to OneMint.. Follow @manshu.. Recent Posts.. Weekend Links 25th July.. How to Find a U.. S.. Rental While Abroad.. Weekend Links July 7th 2014.. Budget 2014: Hits Misses for a Retail Investor.. Weekend Links: July 4th 2014.. Shriram Transport Finance 11.. 50% NCDs July 2014 Issue.. Thank you for the support.. Edelweiss’ ECL Finance Limited 12% NCDs June 2014 Issue.. Weekend Links June 13 2014.. Recent Comments.. ketki.. on.. Can NRIs invest in the Indian stock market?.. JC.. Sanjay.. Is there an Oil ETF in India?.. Shiv Kukreja.. Ikjot.. Dr Raja Rao.. Jitendra P.. Solanki.. ARCHIVES.. Comment Policy.. Disclaimer.. Copyright 2006 - 2014 OneMint..

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  • Title: About
    Descriptive info: Hello there! My name is.. Manshu.. and I am the blogger behind OneMint.. OneMint started out as Mint a few years ago.. At that time, it was not a website, it was the name of a computer in the network of computers that belonged to the students of Goa Institute of Management.. The PC belonged to a student who was majoring in finance (I have long since graduated).. To me, that was the beginning; not when the website was created, but when I named my PC Mint and started writing.. When Mint sought a home on the web surprise of surprises, the name Mint was already taken.. So, for a brief time there existed IndiaMint.. But it soon dawned on me that Mint was meant to cover the world of finance and investments and not just the Indian world of finance and investment.. Thus OneMint came into existence.. OneMint is a blog where I write about things related to personal finance, technology and economics that interest me most, and which I feel will help others make better decisions about their money.. I m not a finance professional and never went to work for a financial organization, so be warned you are reading stuff written by.. just.. a blogger and not a professional..  Use the information present here keeping that in mind.. If you need professional advice tailored to your situation I am sure there are good professionals doing that but OneMint is  ...   on Complete Subscription Request.. You will then receive an email from Feedburner Email Subscriptions.. That email will have a link that you need to click in order to receive the daily emails..  If you don t get the email immediately, check your spam folder.. Sometimes it goes there, mark that email as Not Spam and it will not happen again.. Important Points:.. Your email address will not be shared with anyone.. You will not be spammed.. You will not get more than one email a day.. If there is any post that day, you will be emailed, else no email.. Affiliate Links.. This website contains Amazon affiliate links, which mean that whenever you click that link, go to Amazon and buy something, a commission will be paid to the website.. Here is one other thing you need to know about this website.. Our Privacy Policy.. This site uses Google Ads and Google as a third party vendor uses.. DoubleClick Dart Cookies.. to serve ads on this site.. This means that we use third-party advertising companies to serve ads when you visit our website.. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you.. If you would like more information about this practice and to know your choices about not having this information used by these companies,..

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  • Title: Contact
    Descriptive info: Mutual Fund Statements?.. The most common email I get is from people asking for their mutual fund statements.. Unfortunately, I can t help you because I didn t sell you your mutual funds, and have no connection with the fund companies either.. Your best bet is to get in touch with the agent who sold you these funds.. Didn t get infrastructure bonds?.. This is a private website not related to the broker or issuer who sold you the infrastructure bond, so there is no point in emailing me to ask me to send your bond statements, as I m unable to do  ...   to advertise on this website, as I m not interested in selling ads directly.. Guest Posts?.. I generally don t feature guest posts, and when I do it s only by bloggers that I know well.. Have an idea for a post?.. I ve created a page especially for getting topic suggestions, so if you have topic ideas you can.. leave a comment here.. Questions?.. Use the forum to.. ask any question.. For other comments, or inquiries you can write to me at onemint at gmail dot com, or use the comment form below.. Your Name (required).. Your Email (required).. Subject.. Your Message..

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  • Title: Suggest a topic
    Descriptive info: A lot of you reply to the daily emails with suggestions for posts, and I really appreciate that because it gives me post ideas, and I can write about stuff that is most relevant to you.. Normally, I take the gist of your suggestion; create a title of the post, and note it down on a virtual sticky note.. But, the issue with this is that it is easy enough to miss an email, and sometimes the titles on the sticky notes don t make any sense to me when I look at them later on.. So, I am creating a page here that is specifically for your suggestions for posts.. You can leave a comment here suggesting an idea for a post, and if I know enough about the topic I will write about it.. That way we won t lose track of anything you say, and if multiple people suggest the same topic for a post then I know that it should be written prior to moving on to other things.. Thanks for reading and writing!.. {.. 1560.. comments read them below or.. add one.. }.. Previous Comments.. surah.. January 15, 2014 at 9:07 pm.. tax free options for senior citizens.. Reply.. Amruta.. January 16, 2014 at 10:38 am.. Coal India futures and cash prices Dividend effect.. saurabh.. January 18, 2014 at 4:21 pm.. Hi,.. Can you pls write an article explaining the co-relation between commodities,equity and bond market.. Thanks.. ankurm.. January 24, 2014 at 7:56 am.. Hi Manshu Shiv, can you please cover the topic of RBI phasing out pre-2005 notes.. What is the impact.. How will people with excess black money/ cash be able to get rid of those notes and who will accept such expiring currency from them?.. Thanks a lot.. January 31, 2014 at 1:52 pm.. Can you pls write an article regarding the various options available to get monthly income to an individual like govt.. schemes,any pvt.. shemes,mutual fund which give montly dividend etc.. pls also write about the taxation aspect for these options.. Prash.. January 31, 2014 at 11:50 pm.. I would like to suggest a topic for discussion:-.. Future Investments Strategies ( for e.. g TFB, IPO, etc or of similar kind) to catch upon in year 2014.. With the initial analysis done, we can have a goal set to keep that much money aside and look forward for that investment.. babuli.. February 15, 2014 at 12:08 am.. Can any one you please tell from tax implication point of view what is the difference of dividend payout and dividend reinvestment of a liquid fund.. and from a investor point of view which one is better daily dividend/weekly dividend/ monthly dividend.. With regards,.. LN Sahoo.. Kamlesh.. February 19, 2014 at 11:41 am.. Hi Shiv,.. It would be great, if you can share your analysis on NPS and its benefits.. Thanks,.. February 20, 2014 at 12:59 pm.. Hi Kamlesh,.. Manshu has already covered NPS with some great details in the past.. Please check these posts:.. http://www.. onemint.. com/2010/09/27/a-primer-on-the-new-pension-scheme-nps/.. com/2011/03/28/how-to-open-a-nps-account/.. com/2011/04/04/how-much-pension-will-i-get-from-the-nps/.. Nitin.. February 27, 2014 at 1:33 pm.. Hi,.. I recently stumbled upon your website.. I am a techie with little to no knowledge of markets or investment area and would like your advise on how to put my money to good use.. As of now , I have decided to split my investment corpus into 4 parts:.. 1/4 in PPF.. 1/4 in a Low risk investment like a FD/Tax free bonds/NSC (please suggest which one i should opt for).. 1/4 in a medium risk investment like a ULIP.. 1/4 in a high return/risk Mutual fund.. All of them would be a monthly investment.. Could you please provide your inputs on this or if possible write a detailed topic(or point me to an appropriate post).. Also I am being heavily suggested by a friend to invest in ULIP s to get adv out of 10 10 D.. Please let me know if that is a good idea or is there a better investment available.. chintan shah.. February 28, 2014 at 11:10 am.. Is it better to buy tax-free bonds from secondary market which are now getting around 4-8% discounted rate or go for fresh applications?.. Kartavi.. March 8, 2014 at 1:06 pm.. Manshu,.. Market is all time high.. Is it time to exit or enter ?.. Is it time to redeem/sell poor performed MF / Equities ?.. Is it time to book profit for good performed MF/ Equities and keep cash for investing at fall.. a small post please.. M Kumar.. March 8, 2014 at 7:12 pm.. 1) BEST TAXFREE INVESTMENT OPTIONS WITH MAX.. RETURNS WHERE WE DONT HAVE TO GO THROUGH THE ANNUAL NONSENSE OF CALCULATING CAPITAL GAINS SHORT TERM, LONG TERM, medium term(congress will invent this too)! etc.. 2) BANKS LIKE HDFC WHO CHEATED MILLIONS OF CUSTOMERS SO FAR IN SWEEP ACCOUNTS THROUGH FIFO INSTEAD OF LIFO , WHICH THEY DID ONLY RECENTLY AFTER MY 5-YR.. LONG FIGHT WITH THEM!.. Rakesh.. March 9, 2014 at 6:36 pm.. Dear Manshu.. I remember sending a mail earlier regarding Real Estate market in India.. and you wrote one article on the same.. Now its long time that this article needs to be updated and to have latest updated information on real estate trends in India.. Are we still bubble in Real Esate in India or real estate market has a long way to go before any major correction.. A detailed article is expected with indepth analysis of market for general investors since most of the investors are still waiting on sidelines -whether they have missed the chance to invest OR still thre is a value left in Real Estate in India.. santonu.. March 12, 2014 at 4:35 pm.. Kukreja Sir/Manshu Sir ,please give your valuable sugesstion in respect of LOHA -ISPAT IPO which is active now as this this the major IPO in NSE/BSE platform after a long time.. Should we go for it.. Amlan Basak.. March 16, 2014 at 10:22 pm.. Are you planning to provide us some input/analysis on CPSE ETF?.. http://economictimes.. indiatimes.. com/news/economy/finance/etf-of-10-psus-on-tuesday-to-help-government-meet-disinvestment-target/articleshow/32129188.. cms.. March 17, 2014 at 8:59 pm.. Hi Amlan,.. I have just started working on it.. I ll try to complete it as soon as possible.. Chauhan.. March 17, 2014 at 1:26 pm.. I m keen that we somehow start a theme that compares keeping your money abroad (in say USD, GBP or SGD etc) vs sending it to India for investment purposes.. Which is to say, how do foreign currency gains v the Indian rupee compare with high interest rates (on a/c of high inflation) in India.. Radhika.. March 18, 2014 at 5:06 pm.. Hey,.. Can you please explain the reason for the increasing importance of silver and why people are advising you to buy more silver now as it will be an important investment for the future? How did the importance shift from gold to silver? Also, what is the best way to invest in silver?.. Thanks!!.. yashasvi.. March 24, 2014 at 1:39 pm.. hello Radhika,.. I just started to work on this.. i will give you reply very soon.. Biswajit.. March 18, 2014 at 9:58 pm.. I think you must be planning to write a post to review the new CPSE ETF.. In any ways, I thought it would be good to tell you that I m waiting for that kind of post and would be helpful for a lot of people like me.. Thanks in advance.. March 18, 2014 at 10:00 pm.. Hi Biswajit,.. I am currently working on it and hope to post it in the next 2-3 hours from now.. Deepak.. April 7, 2014 at 2:01 pm.. Dear Manshu,.. This is regarding the gold plans offered by Satyug Gold (a new firm promoted by Shilpa Shetty et al).. The 5 year plan offered by them is interesting as it gives a 37% discount on the gold rate.. It seems near impossible that the price of the gold will fall more than 37% in 5 years.. The lock in of 5 years is acceptable as I don t intend to sell the gold.. The only concern is the credibility of the company.. Is there any other catch or loop hole that I am not able to spot?.. Would you invest your money in this plan if you wanted to include gold in your portfolio?.. This can be an excellent article to make people aware of an alternative to invest in gold or make them aware of the pitfalls.. Sagar Diwan.. April 8, 2014 at 3:24 pm.. Why is indian bond market and gsec yields struggling when other macros are significantly improving ? Inflation soothing , equity markets making new highs every day,  ...   articles on this.. Raj.. June 22, 2014 at 9:46 am.. 8 Things to know before investing in the Stock Market.. From.. Way2investments.. com.. Team.. Markets hit historic high; Sensex crossed 25,000 points last week and analysts are anticipating crossing 30,000 points in this financial year.. If you are retail investor would like to be part in the recent rally then you have to be disciplined investor.. There are many important things that you need to know to invest successfully in the stock market.. 8 of the most important things that we can share with you based on many years of trading and investment experience are enumerated below.. Don’t depend on Tips do your own research and take full responsibility for your investment decisions.. Concentrate on long term results at least for 3-5 yrs.. Fear in others is an opportunity for you; always invest when market is in correction.. 4.. Do Not Put All Your Eggs in One Basket, diversify your portfolio in 3/4 sectors to maximize profit.. Don’t invest in stocks all at once: invest small amounts monthly.. 6.. Have Realistic expectation, don’t expect 50/60% return from all stock.. 7.. Invest only your Surplus fund, don’t borrow or invest funds that you need in near term.. 8.. Monitor rigorously, you need to review your portfolio time to time so that any important event doesn’t affect your profits.. These are the best tips that you can follow while investing in stock market.. Research well and be careful while investing.. All the best for your success in share trading.. ashu.. June 25, 2014 at 1:40 pm.. stp vs sip which is the better option?.. sandeep.. July 7, 2014 at 12:32 pm.. One useful topic for all widows, Is it required to declare pension as income? and if there are any components in pension that is non-taxable?.. Karthik Reddy Chintaparthi.. July 19, 2014 at 12:02 pm.. Recently I have heard the news of govt planning to merge many small PSU banks into larger PSU banks.. How does it effect share holders ? Please enlighten.. Thanks, Karthik.. August 7, 2014 at 6:09 pm.. your views on warning of Mr Raghuram Rajan for global market crash.. Will FII withdraw money from Indian market again like 2008 ?.. link :.. com/news/economy/indicators/rbi-governor-raghuram-rajan-warns-of-global-market-crash/articleshow/39766279.. Ninan.. August 16, 2014 at 11:22 am.. Dear Sir.. I would like to know which gives better yield.. Fixed deposit or go in for Recurring Deposit.. The advantage I find in a recurring deposit is that I am freezing the interest rate of the recurring deposit for the next 10 years or for the period of the recurring deposit irrespective of rate changes.. Dont you think this is a great advantage for people who save monthly rather than going in for FD every month.. Your views please.. Vijay K.. August 23, 2014 at 11:10 am.. Snowman Logistics IPO should we subscribe.. Yogesh Ingole.. August 24, 2014 at 2:55 pm.. Dear Shiv,.. Could you please cover the new IPO snowman logistics hitting next week in the market for bidding?.. its Gateway distripack promoted complany?.. Can you please advise on this IPO?.. Yogesh.. August 25, 2014 at 6:32 pm.. Hi Yogesh and Hi Vijay,.. I am working on Snowman Logistics IPO review, I think I ll be able to post it by the end of the day today.. KS.. August 31, 2014 at 5:48 pm.. Hi, Would like to get your or Kukreja s views about recent Jaitley s Jul-2014 Budget implication due to LTCG Tax in non-Equity Debt Mutual funds.. The perspective I am looking for is NOT advise to new investors to enter Debt Funds.. but rather advise to Retail Investors who had invested in various Debt funds about a year or so ago (as safety measure during equity bear phase and waiting for Modi budget revelations to switch to Equity funds) but now trapped in higher tax if they switch out!! I am thinking it is good to switch out anyway, paying the higher 20% tax in the hope of bettering returns from Equity-MF (in next 1-2 yaers) to compensate for the extra tax loss now.. What do you think?.. September 4, 2014 at 11:04 am.. Hi Shiv, It looks like , everyone likes to take the advantage of the euphoria on markets.. So after Snowman IPO, there is a Sharda Cropchem IPO lined up in the queue opening tomoro.. Are you going to cover it and advise if to invest in it?.. September 7, 2014 at 2:09 pm.. Hi Yogesh,.. I have just posted it, please check.. com/2014/09/07/sharda-cropchem-ipo-review/.. Kartik.. September 10, 2014 at 7:43 am.. Demat Accounts.. The various charges levied in buying/selling shares.. The multiple options available (market, limit, cash etc).. Cancel reply.. Leave a Comment.. Name.. *.. E-mail.. Website.. Notify me of followup comments via e-mail.. 87.. trackbacks.. PowerGrid FPO Allotment Declared.. What is the significance of Pre-open session of the stock exchanges we see from 9 am to 9.. 15 am daily?.. What are the different types of debt funds in India?.. How to select a credit card in India?.. ELSS Mutual Funds: Tax Saving Mutual Funds.. E-Gold and E-Silver from NSEL.. Announcements: New Forum and Profiles.. What is the difference between debt and equity products?.. Details on Section 80D, 80DD and 80DDB.. SBI Bonds: SBI Retail Bonds for investors.. Thoughts on Reliance Gold Mutual Fund.. Budget: Where does the government get its money from?.. MOSt Shares NASDAQ 100 ETF.. International Mutual Funds in India.. Capital Gains and Dividend Taxes on Shares and Mutual Funds.. FT India Dynamic PE Ratio Fund of Funds.. FMP: Taxation and FD Comparison.. How do I design my graphics?.. Introduction to Income Tax.. Sundaram Equity Plus NFO Review.. Lack of ETF Options in India.. IFCI Bonds: Tier II Bonds Review.. Wealth Tax Under the Direct Tax Code.. How to invest in NCDs and Bonds?.. Top Up Medical Insurance Policies in India.. India Infoline NCD Review.. 91 Day T Bills on NSE.. Tracking and Exiting Non Performing Funds.. Recurring Deposits: Tax and Interest Rates.. What is a share rights issue and why all the fuss about it?.. Leading Indian Indices and their Performance Details.. Nifty P/E Ratio Chart and how to get to this data.. Why is the Rupee falling?.. ICICI Guaranteed Savings Insurance Plan Review.. DSP Blackrock World Agriculture Fund Review.. Too good to be true offers.. LIC Whole Life Limited Payment Policy Review.. How is the Sensex calculated?.. When should you book profits?.. How is GDP calculated in India?.. What is the difference between mutual funds and ETFs.. How can RBI stop the rupee fall?.. Thoughts on India and the global economy.. Thoughts on investing life insurance proceeds.. What questions should you ask your financial planner?.. Stock Market for Beginners in India.. How do FII Investments affect stock market?.. ICICI Bank b2 branchfree banking.. GAAR in Simple Words.. How is a share price calculated at any given time?.. Part 1: Introduction to Futures and Options.. ICICI Pru SmartKid Premier ULIP Review.. When you do get shares in another company automatically?.. How Rupee Depreciation Affects Exporters, Oil Bills, and Others.. GS Nifty Junior BeES Review.. Two big things to keep in mind while investing in company fixed deposits.. What is Balance of Payments (BoP)?.. What are some good saving instruments for beginners under the lowest tax bracket?.. UTI ULIP Review.. Thoughts on an Indian real estate bubble.. What does negative bond yield mean?.. How to generate retirement income for parents?.. What planning for my wedding taught me about derisking my portfolio.. Which is best listed tax free bond?.. Tata Steel Perpetual Bonds Details.. Senior Citizens Health Insurance Options.. On gold prices and why you shouldn t listen to me.. Best Company Fixed Deposits Returns-Wise Safety-Wise Be Wise.. Mutual Fund Capital Gains Statement and Consolidated Account Statement Online.. When will the Sensex touch 25000?.. Understanding what Debt Recast means with Kingfisher Airline s Example.. Introduction to mutual funds in India.. Effects of black money on Indian economy.. What is the difference between operating income and net income?.. Can one person open two PPF accounts?.. Is this the right time to enter or exit mutual funds?.. Should you break a fixed deposit to buy a debt mutual fund?.. Answers to 5 questions about the Repo and Reverse Repo Rate.. Free PDF download beginners guide to investing in the stock market.. IPO Safety Net.. Change of DDT from 12.. 5% to 25% for Debt Funds.. What is the difference between FDI and FII?.. What is the difference between NPS Tier 1 Account, Tier 2 Account and Swavalamban scheme?.. Are top ups on life insurance policies eligible for 80C deductions?.. REITs in India.. PPFAS Mutual Fund Review.. Why are bonus shares issued and what are their advantages?..

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  • Title: Services
    Descriptive info: June 22nd 2014.. Thank you for your interest, we are currently not accepting new clients.. We expect to begin accepting new clients again towards the middle of July 2014.. Shiv and I have been working with some paid clients during the last few months, and have been experimenting with various type of services, and we are now ready to announce this on the blog, and reach out to a wider audience.. There are two services that we are going to offer, and I’m going to talk about each of them in this post.. Comprehensive Financial Planning.. Service.. The first type of service is full blown financial planning, and we have developed a five step process for this.. We conduct a weekly call and follow that up with a report at the end of each week.. You can see what each step of the process entails in the table below.. Each of the steps above lead into the next step, and finally helps prepare the comprehensive plan.. Fee.. We will charge a fee of Rs.. 15,000 for this service, which needs to be paid before we start the engagement.. Money Back Guarantee.. We offer a no questions asked, money back guarantee that you can invoke at  ...   process, then you needn’t pay for it.. One Time Consulting.. There are often circumstances that need you to answer a question which requires some financial expertise.. For example, you get a lump-sum, and need to know the best way to invest it to generate a monthly income, or you have your portfolio assessed, and need recommendation on what to do next.. This type of analysis needs a couple of hours, and if you send your question to us, we’ll let you know if we can do this or not.. We will have a call with you, and send out a written report here for this as well.. 2,000 for this service, which needs to be paid before we start the engagement.. The guarantee that we offer on the full blown consulting is applicable here as well, if you think your money wasn’t well spent, we will return it to you without any questions.. Our Contact.. Please write your email to onemint@gmail.. comment read it below or.. Rakesh Mewada.. September 16, 2014 at 12:22 pm.. I am interested to get your service.. But could not decide whether to go for One Time Consulting OR Comprehensive Financial Planning.. If you can help me to take this decision..

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  • Title: SREI Infra 11.75% NCDs – September 2014 Issue
    Descriptive info: by.. September 29, 2014.. in.. Featured.. ,.. Investments.. This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm,.. Ojas Capital.. in Delhi/NCR.. He can be reached at.. skukreja@investitude.. in.. SREI Infrastructure Finance Limited has launched its public issue of Non-Convertible Debentures (NCDs) from today, September 29.. 250 crore as the base size of the issue, but it has the green shoe option to retain oversubscription to the tune of Rs.. 1,500 crore.. The issue is scheduled to get closed on October 31.. The company is offering interest rates in the range of 10.. 95% to 11.. 75% per annum for a period of 2 years to 5 years, which works out to be 11.. 25% to 11.. 75% effectively.. Additional 0.. 25% to Existing Shareholders/Bondholders/Senior Citizens -.. Like Manappuram Finance, SREI Infra will also reward its existing shareholders and bond investors by offering an additional interest rate of 0.. 25% per annum.. Senior citizens aged 60 years or above will also get this additional coupon.. To be eligible for this additional 0.. 25%, the investors will be required to hold their investments on the record date for the purpose of interest payment.. Coupon Rates for Non-Retail Investors -.. Unlike Manappuram Finance, which has kept its interest rate same for all categories of investors, SREI Infra is offering coupon rates which are 0.. 45% to 0.. 50% higher than the rates it is offering to its non-retail investors.. Categories of Investors Allocation Ratio -.. The investors would be classified in the following three categories and each category will have the following percentage fixed during the allotment process:.. Category I Institutional Investors 20% of the issue size is reserved.. Category II Non-Institutional Investors including corporates 20% of the issue size is reserved.. Category III Retail Individual Investors including HUFs 60% of the issue size is reserved.. NRI Investment -.. Foreign investors including foreign nationals and non-resident Indians (NRIs) are not allowed to invest in this issue.. Ratings Nature of NCDs -.. Credit rating  ...   in this issue as well i.. at least 10 bonds of face value Rs.. 1,000 each.. Should you invest in these NCDs?.. Concerns which I have with SREI Infra include its ineffective management, average financials and lousy debt management.. These are the most important factors for me to consider while investing in any company whether I am investing in its equity or debt.. However, it seems like the Modi government is committed to resolve issues which are hindering the growth of India’s infrastructure sector.. So, if one is hopeful that India will have a speedy recovery with its stalled infrastructure projects, then I think one should definitely invest with companies like SREI Infra.. Moreover, as the interest rates are headed lower, interest rates of 11.. 75% are definitely higher and quite attractive.. Any improvement in SREI’s financials going forward will result in a reduced risk for its investors.. Application Form of SREI Infra NCDs.. Note: As per SEBI guidelines, ‘Bidding’ is mandatory before banking the application form, else the application is liable to get rejected.. For bidding of your application, any further info or to invest in SREI Infra NCDs, you can contact me at +919811797407.. You may also like:.. SREI Infra NCDs Issue @ 11.. 75% January 2014.. 75% NCDs Issue August 2013.. 75% NCDs September 2014 Issue.. Muthoot Finance NCDs Issue September 2013.. 50% NCDs July 2014 Issue.. Views:.. 1859.. Get free daily updates in your email:.. September 29, 2014 at 10:42 pm.. If one is going to invest which option would you advise 2,3 or 5 year?.. September 30, 2014 at 10:44 am.. Hi Ikjot,.. Though it is a difficult call to take, but I would advise one to go for the 3 year monthly interest option.. October 1, 2014 at 3:02 am.. Thanks for your help Shiv After considering all the factors I went for the 3 year monthly option but invested less then 2% of my total fixed income portfolio.. Regards.. October 1, 2014 at 4:17 pm.. I think both are wise decisions !!.. Previous post:..

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  • Title: Book Review: To kill a Mockingbird
    Descriptive info: Books.. I ve recently finished reading Harper Lee s.. To Kill a Mockingbird.. , and I really enjoyed this classic novel.. The story is about Scout and her older brother Jem growing up to witness the injustices and wrongs in the world, and their relative reaction and adjustment to it.. Most of the first half of the book revolve around the children playing, and giving a glimpse into their world, and while the story is interesting, I wasn t sure what to make of it till the second half of the book starts.. The second half of the book is where the story picks pace, and where the main incident takes place.. As you read further in the book, the more sense the previous pages start to make, and you begin to appreciate how the characters have developed, and how the outlook of the children have changed based on the events unfolding around around them.. I think this is a good story, especially for all parents because it shows how Scout and Jem s father Atticus Finch, who is a respectable lawyer, and moral compass of their town brings up his children  ...   because of no fault of their own.. The book is beautifully written, and all the characters develop wonderfully, and the contrast between how they react to the injustices in the world around them is quite moving.. Although not a parent myself, I feel that parents will especially enjoy this book because of the connection between Atticus Finch and his children, how he raises them, and how that influences their outlook of the world as they grow up.. I couldn t put this down once I started reading it, and highly recommend it.. Book Review: Dare to Dream A Life of M.. Oberoi by Bachi Karkaria.. Book Review The Greatest Trade Ever: John Paulson.. Book Review: The Difficulty of Being Good by Gurcharan Das.. Book Review: Boomerang: Travels in the New Third World by Michael Lewis.. Book Review: The Little Book That Beats The Market by Joel Greenblatt.. 1773.. PP.. September 17, 2014 at 3:39 pm.. Thanks for the recommendation! I immediately placed the order.. September 18, 2014 at 5:53 am.. Glad to hear that!.. chetan.. September 21, 2014 at 6:54 pm.. I guess there is a movie with same name.. Next post:..

    Original link path: /2014/09/17/book-review-to-kill-a-mockingbird/
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  • Title: Shemaroo Entertainment IPO Review
    Descriptive info: IPO/NFO.. After huge subscription for Snowman Logistics and Sharda Cropchem IPOs and a grand listing received by Snowman, next company in line to get itself listed on the stock exchanges is Shemaroo Entertainment Limited.. The issue opened today for subscription and will remain open for two more days to close on September 18th.. The company plans to raise up to Rs.. 120 crore from the issue and has fixed the price band between Rs.. 156 to Rs.. 170 a share.. Retail individual investors will get a discount of 10% on the issue price, so the price band for them will stand between Rs.. 139.. 50 to Rs.. 153.. Depending on the retail investors’ response, the company will issue approximately 71 lakh to 77 lakh new shares in this IPO.. Promoters of the company are currently holding 90.. 14% stake in the company, which will come down to around 65% post this offer period.. About Shemaroo and its Business.. Shemaroo is into the business of content aggregation and subsequent distribution of that content for broadcasting on television platforms, new media platforms like internet, DTH, mobile etc.. and home videos i.. Blu Ray, DVDs and VCDs.. The company distributes content over which it has either complete ownership rights, referred to as “Perpetual Rights” or limited ownership rights, referred to as “Aggregation Rights”.. Perpetual Rights gives Shemaroo the rights to distribute content worldwide for a perpetual period across all mediums.. Aggregation Rights are restricted by either period of usage, distribution platforms, medium and geography or combination thereof.. Titles where Shemaroo has Perpetual Rights or Aggregation Rights are known as their “Content Library”.. Shemaroo’s content library consists of more than 2,900 titles spanning new Hindi films like Queen, Bhaag Milkha Bhaag, Dedh Ishqiya, The Dirty Picture, Kahaani, OMG: Oh My God!, Black, Ishqiya, Omkara, amongst others and Hindi films classics like Zanjeer, Beta, Dil, Disco Dancer, Mughal-e-Azam, Amar Akbar Anthony, Namak Halaal, Kaalia, Madhumati etc.. Out of these 2900+ titles, Shemaroo has perpetual rights of 759 titles and aggregation rights of 1,289 titles.. Objectives of the Issue -.. Out of Rs.. 120 crore issue size, Shemaroo will use Rs.. 106 crore to fund its working capital requirements and rest of the proceeds will be used for general corporate purposes.. Minimum/Maximum Subscription -.. Market lot of the issue is 85 shares and thus the investors would be required to invest at least Rs.. 11,858 in this issue.. Retail investors would be able to apply for a maximum of 1,275 shares at the ‘Cut-Off’ price.. Listing -.. The company will get its shares listed for trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) within 12 working days from the closing date of the issue.. Risks.. * Company’s ability to successfully acquire the required content depends on its ability to maintain existing relationships and form new ones, with industry  ...   the company is consistently making decent profits and the margins are fairly healthy.. It has registered 68% growth in its revenues, 86% growth in its EBITDA and 100% growth in its net profit between FY11 and FY14.. But, the trouble seems to be a part of Shemaroo’s balance sheet.. The company has a debt of Rs.. 151 crore, out of which Rs.. 141 crore is short term debt.. It paid Rs.. 19 crore as interest charges during FY14 on the debt it has taken.. As on March 31, 2014, inventory levels and trade receivables of the company stood at Rs.. 200.. 51 crore and Rs.. 140.. 55 crore, which represent approximately 75% and 53% of its sales respectively.. Such high levels of inventories and trade receivables sound quite alarming to me.. The company do not expect any immediate improvement in the current situation anytime soon either.. Comparing the financials of Shemaroo with Eros International suggests that there is very little difference between the price multiples at which Eros is trading on the stock exchanges and at which Shemaroo is seeking the investors to invest in its shares.. Given the complexities of its business model and the troubled financial standing Shemaroo has, I would say that the investors should not invest in this issue, rather they should invest their money in some other fundamentally sound businesses.. Snowman Logistics IPO Review.. Power Grid Corporation s FPO @ Rs.. 85-90 December 2013.. What is a share rights issue and why all the fuss about it?.. Bharti Infratel IPO Review.. Sharda Cropchem IPO Review.. 3285.. September 18, 2014 at 12:16 pm.. Day 1 (September 16) subscription figures:.. Category I – Qualified Institutional Buyers (QIBs) – No Subscription.. Category II – Non Institutional Investors (NIIs) – 0.. 01 times.. Category III – Retail Individual Investors (RIIs) – 0.. 53 times.. Total Subscription – 0.. 28 times.. September 18, 2014 at 12:18 pm.. Day 2 (September 17) subscription figures:.. Category I – Qualified Institutional Buyers (QIBs) – 0.. 23 times.. 06 times.. Category III – Retail Individual Investors (RIIs) – 1.. 77 times.. Total Subscription – 1.. September 18, 2014 at 11:32 pm.. Day 3 (September 18) subscription figures:.. Category I – Qualified Institutional Buyers (QIBs) – 5.. 69 times.. Category II – Non Institutional Investors (NIIs) – 8.. 64 times.. Category III – Retail Individual Investors (RIIs) – 7.. 79 times.. Total Subscription – 7.. 39 times.. September 19, 2014 at 11:41 am.. Thanks Yogesh for these subscription figures!.. September 18, 2014 at 11:34 pm.. As expected this saw lower subscription levels than the previous 2 IPOs.. Retail investors have high chance of getting the allotment.. Anyone knows when is the listing date?.. September 19, 2014 at 12:50 pm.. I think it should get listed on October 7th.. Also, after Snowman listing, retail exuberance w.. r.. t.. IPOs has again got misplaced..

    Original link path: /2014/09/17/shemaroo-entertainment-ipo-review/
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  • Title: Manappuram Finance 11.75% NCDs – September 2014 Issue
    Descriptive info: Gold finance company, Manappuram Finance Limited (MFL), has decided to launch one more issue of its non-convertible debentures (NCDs) from tomorrow i.. The company plans to raise Rs.. 300 crore in this issue, including the green-shoe option to retain oversubscription to the tune of Rs.. 150 crore.. The issue is scheduled to get closed on October 8, 2014.. The company is offering XI different options of interest payments with investment periods ranging from 400 days to 75 months and coupon rates falling between 10.. 50% p.. a.. to 11.. 75% p.. Due to the compounding effect, these coupon rates will result in an effective yield of 10.. to 12.. 13% p.. Interest rates offered by Manappuram Finance are 0.. 75% higher than the rates offered by Muthoot Finance in its NCD issue which is getting closed on September 18.. Though both these issues are ‘Secured’ in nature, with this 0.. 75%, the company is trying to compensate the investors for the extra risk they will have to bear with its NCDs.. 25% to Existing Shareholders/Bondholders -.. The company has decided to reward its existing shareholders and bond investors by offering an additional 0.. 25% p.. in respect of Series VI or Series VII bonds.. 25%, the investors should hold their investments on the record date of interest payment.. “Double Your Money” Option -.. Like its previous offerings and also with the Muthoot issue, Manappuram is offering to double your investment amount in 75 months.. Muthoot is doing it in 78 months and the last time Manappuram came out with its NCDs in December 2013, this duration was 70 months.. Like the last time, Manappuram has kept its interest rate as the same for all categories of investors, retail as well as non-retail investors.. The investors would be classified in the following four categories and each category will have the following percentage fixed during  ...   on the Bombay Stock Exchange (BSE).. Taken in the physical form, the interest earned will be taxable as per the tax slab of the investor and TDS will be applicable if the interest amount exceeds Rs.. However, NCDs taken in the demat form will not attract any TDS.. The investors will have to put in at least Rs.. 10,000 in this issue i.. Interest rates have already started their move to the southward direction as there is enough liquidity in the system.. Banks and deposit-taking NBFCs have also reduced interest rates on their deposits and some of their loans.. With markets going up steadily, the government is trying hard to bridge its fiscal deficit target by selling its stake in some of the bigger PSUs like SAIL, ONGC, Coal India, NHPC etc.. Successful stake sale in these companies will help the government control its market borrowings, which in turn will put some more pressure on the interest rates to go down.. Though the market sentiment towards the gold financing business as well as the financial standing of the company has improved slightly as compared to the last time it came out with its NCDs issue, I am not very comfortable making such an investment or advising my clients to invest their money with Manappuram.. However, investors with a high risk appetite and in the lower tax brackets may consider investing in this issue as an alternate to company deposits or bank FDs.. Application Form of Manappuram NCDs.. For bidding of your application, any further info or to invest in Manappuram NCDs, you can contact me at +919811797407.. Manappuram Finance NCDs Issue @ 12.. 50%.. Muthoot Finance 11.. 75% NCDs May 2014 Issue.. Double Your Money in 6 Years with Muthoot Finance NCDs November 2013 Issue.. 2354.. 0.. comments.. add one now.. trackback.. Mannappuram NCD Review on OneMint - Personal Finance ResourcesPersonal Finance Resources..

    Original link path: /2014/09/14/manappuram-finance-11-75-ncds-september-2014-issue/
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  • Title: Sharda Cropchem IPO Review
    Descriptive info: IPO season is back again.. With the stock markets making new lifetime highs every other day and still showing no signs of tiredness, it seems to be the best of the times in the last few years for companies to raise fresh money by issuing new shares or for existing stakeholders to cut their stakes.. After a bumper response to Snowman Logistics IPO, Sharda Cropchem has decided to get itself listed on the bourses.. The IPO, which opened the day before yesterday i.. 5th of September, will run for two more days to close on September 9.. Objectives of the Issue.. The company is not issuing any fresh shares in this IPO, rather the existing shareholders are either making an exit or cutting down their stakes.. The company is presently owned by the Bubna family with 84.. 13% shareholding and the rest 15.. 87% shares are owned by HEP Mauritius Limited.. Post successful completion of this issue, HEP Mauritius would be able to completely exit the company and the promoter shareholding would fall to 75%, thus making this IPO a 25% stake sale.. The offer will carry 2,25,55,124 (approximately 2.. 26 crore) shares during this period in the price band of Rs.. 145 to Rs.. 156 per share.. At Rs.. 156 per share, the existing shareholders will be able to realise Rs.. 351.. 86 crore from the new investors, thus valuing the company to be worth Rs.. 1,407.. 44 crore.. 35% of the issue size, i.. approximately 79 lakh shares, have been reserved for the retail individual investors.. Sharda Cropchem’s Business.. Sharda Cropchem is a crop protection chemical company primarily engaged in the marketing and distribution of a wide range of formulations and generic active ingredients globally.. It does not produce any of these products though.. The company is also involved in order based procurement and supply of belts, general chemicals, dyes and dye intermediates.. The company claims that identifying generic molecules, preparing dossiers, seeking registrations, marketing and distributing formulations or generic active ingredients in fungicide, herbicide and insecticide segments are its core strengths.. As of August 5, 2014, the company has over 180 Good Laboratory Practices (GLPs) certified dossiers and as of July 15, 2014, it owns over 1,040 registrations for formulations and over 155 registrations for generic active ingredients across Europe, NAFTA, Latin America and rest of the world.. The company has a presence in over 60 countries with over 100 people working in its own sales force and over 440 people working as the third party distributors.. No IPO Grading -.. As the issue is an offer for sale by the existing shareholders, it has not been graded by any of the rating agencies.. * As the company does not produce any of the formulations or generic active ingredients on its own and is highly dependent on the third party manufacturers for the continuity of its operating activities, it seems such a high dependence in a competitive world poses a big risk for the company.. * A substantial portion of the company’s sales gets undertaken against future payments on an ‘unsecured’ basis.. So,  ...   65.. 85% in FY12, 22.. 79% in FY13 and 26.. 70% in FY14.. Looking at its strong growth and based on its valuations purely, the company is fairly valued, rather cheaply valued relative to its peers.. So, if the sentiment remains buoyant, there is a reasonable scope of listing gains.. But, as a large chunk of the company’s revenues come from its trading activities or from marketing and distribution of formulations and ingredients produced by some third party manufacturers, I would say it is very important for the investors to ensure that the management of the company is highly efficient, their intent is absolutely clear to grow the shareholders’ wealth and the company has a long enough history of sustainable profits.. As I am not sure about any of these factors, I would like to wait for at least a few more quarters before I finally decide to make an investment in the company.. Wonderla Holidays IPO Review.. SREI Infrastructure Finance Limited NCD Review.. 2711.. 13.. September 8, 2014 at 9:50 am.. Day 1 (September 5) subscription figures:.. 04 times.. 22 times.. 11 times.. September 8, 2014 at 6:48 pm.. Day 2 (September 8) subscription figures:.. Category I – Qualified Institutional Buyers (QIBs) – 1.. 72 times.. Category II – Non Institutional Investors (NIIs) – 1.. 27 times.. 67 times.. Madhan.. September 9, 2014 at 12:43 am.. Since this is a debt-free company and has been showing consistent growth in the last 3-4 years.. could this be a long term bet or apply for listing gains ? Your advice.. September 15, 2014 at 10:00 am.. Hi Madhan,.. Sorry for this late reply.. I think Sharda Cropchem should give some listing gains to its investors.. Long term returns should depend on its operating performance going forward.. September 10, 2014 at 10:22 pm.. Day 3 (September 9) subscription figures:.. Category I – Qualified Institutional Buyers (QIBs) – 32.. Category II – Non Institutional Investors (NIIs) – 251.. 35 times.. Category III – Retail Individual Investors (RIIs) – 5.. 85 times.. Total Subscription – 59.. 97 times.. September 11, 2014 at 12:52 am.. Why delete a previous comment ?.. September 15, 2014 at 10:02 am.. Your comment was never got deleted, it was just awaiting moderation.. September 20, 2014 at 12:50 am.. Apologies !!!!.. Ketan Abhonkar.. September 19, 2014 at 11:50 am.. Any update here? When is the listing? I didn t receive any allotment/refund advice yet.. But my ASBA account blocked amount against the application seems to be unblocked and credited back.. September 19, 2014 at 12:52 pm.. It should get listed sometime next week, on or around 24th or 25th September.. September 19, 2014 at 12:55 pm.. Thanks Shiv!.. September 21, 2014 at 12:09 pm.. You are welcome!.. September 23, 2014 at 8:40 pm.. Shares of Sharda Cropchem got listed for trading on the exchanges today.. It listed at Rs.. 260 a share, touched a high of Rs.. 274, a low of Rs.. 225 and closed at Rs.. 230.. 95.. Its trading symbol on the NSE is SHARDACROP and the trading code on the BSE is 538666..

    Original link path: /2014/09/07/sharda-cropchem-ipo-review/
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  • Title: Increase in PPF Investment Limit to Rs. 1.5 lakh Notified & Acceptable Now
    Descriptive info: Starting today, I would like to remind my clients or those investors, who have the habit of depositing their hard earned money in their respective Public Provident Fund (PPF) accounts in the first week of April every year, that now onwards they can use the opportunity of topping up their PPF investments by an additional Rs.. 50,000.. Announced in Budget 2014 by the Finance Minister Arun Jaitley, increase in the investment limit of PPF from Rs.. 1 lakh to Rs.. 50 lakh got notified by the Government of India on August 13 and the Reserve Bank of India (RBI) on August 22.. Here are the links to their respective notifications:.. Ministry of Finance Notification.. RBI Notification.. The same has now been brought to the notice of all the post offices as well as some of the nationalised/commercial banks which are authorised by the Government and the RBI to open PPF accounts and accept deposits in these accounts.. Nationalised or commercial banks, which have been notified and have started accepting the increased limit of deposits, include State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), ICICI Bank, Axis Bank, Canara Bank, Andhra Bank, Allahabad Bank, Bank of India (BoI), Oriental Bank of Commerce (OBC), Bank of Maharashtra (BoM), Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Syndicate Bank, UCO Bank, Punjab Sind Bank (PSB), Union Bank of India, United Bank of India, Vijaya Bank, IDBI Bank, State Bank of Patiala, State Bank of Bikaner Jaipur (SBBJ), State Bank of Travancore (SBT), State Bank of Hyderabad and State Bank of Mysore.. Make PPF deposit between 1st 5th of a month to earn maximum out of it.. As most of the investors know, interest on our PPF deposits gets calculated on the minimum balance lying in the account between 5th day and the last day of a month, it is advisable for an investor to deposit cash in the account between 1st and 5th day of that month or if a cheque is deposited, then it gets cleared on or before 5th day of that month.. Features of Public Provident Fund (PPF).. For those investors, who are yet to open a PPF account, I would like to quickly highlight some important features of this most loved investment:.. * A PPF account can be opened by a resident individual in his/her own name or on behalf of a minor of whom he/she is the guardian.. * A PPF account can be opened at a post office or some of the nationalised or commercial banks mentioned above.. * The minimum tenure of a PPF account is 15 years which can be further extended in blocks of 5 years each.. * Though the tenure is 15 years, investors are allowed to have premature withdrawals or avail the loan facility subject to certain terms and conditions.. * Interest Rate on PPF deposits is notified by the Government of India every year and the rate remains fixed for the whole of that financial year.. For FY 2014-15, the rate stands at 8.. 70% per annum compounded annually.. * Investments made in a PPF account qualify for deduction under section 80C of the Income Tax Act, 1961.. * It is one of the only three investment schemes in India which still qualify as Exempt-Exempt-Exempt (EEE) from taxation point of view.. The other two being the Employees Provident Fund (EPF) and Equity-Linked Savings Schemes (ELSS).. * Non-Resident Indians (NRIs) are not allowed to open a PPF account.. Even Hindu Undivided Families (HUFs) are no longer allowed to open it.. With economic growth finally gaining some strength to touch 5.. 7% in the first quarter of the current financial year, inflation showing early signs of slowing down,  ...   9:53 am.. Thanks Shiv for the timely post.. September 1, 2014 at 12:24 pm.. You are welcome Amlan!.. September 1, 2014 at 10:05 am.. I would still continue my PPF investments as thats part of the income I would want to have guaranteed returns.. September 1, 2014 at 12:26 pm.. Thanks Harinee for sharing your view and preference!.. Sundararajan.. September 1, 2014 at 8:35 pm.. Will the maturity exempt from income tax? Please let me know.. September 2, 2014 at 10:32 pm.. Yes, the interest earned on your yearly investments is completely tax free.. sundararajan.. September 3, 2014 at 5:50 am.. Thanks Shiv for your prompt reply.. September 3, 2014 at 10:44 am.. September 2, 2014 at 1:34 pm.. GPF for central/state govt employee also qualifies for EEE.. September 2, 2014 at 10:35 pm.. The term EPF broadly includes GPF , that s why I did not mention GPF separately.. But, thanks for mentioning it here.. Amit.. September 3, 2014 at 3:15 am.. Anybody in this forum know about the NEFT, Own account transfer limit for SBI? Can I transfer 1.. 5L from my SBI savings account to PPF account in one transaction(PPF account is linked with SBI savings account)? Can I transfer 1.. 5 L to my wife s PPF account from my SBI savings account through NEFT in one transaction?.. September 3, 2014 at 10:43 am.. Hi Amit,.. Yes, you can transfer Rs.. 5 lakh to your own PPF account in one transaction.. You can also do so to your wife s savings account.. But, I am not sure whether you can transfer the amount to her PPF account or not and even if you can do so, whether SBI will pay interest on that investment or not, as the money is in your name which is getting invested.. September 3, 2014 at 8:17 pm.. Thanks for reply, Shiv.. SBI allows to transfer amount to registered PPF account through NEFT.. You can add your wife s PPF account to your savings account as benificiary and make NEFT payments.. I think, it doesn t matter whose PPF account you have registered with your savings account, once you transfer money to PPF account, SBI will pay interest on that PPF account.. I was just not sure about NEFT and own account transfer limit of SBI.. Thanks for clarification.. September 4, 2014 at 10:47 am.. Great, thanks!.. Ams.. September 3, 2014 at 11:50 am.. Shiv,.. I hold a PPF account in one of the nationalized bank for quite some years now.. I want to tranfer that amount to another PPF account, which I wish to open in another bank.. As I cannot have multiple accounts, I need advice on same.. I have few questions here:.. IS it possible to do so ?.. If Yes, how do I go about doing it ? Should I first open a PPF account in new bank and transfer the amount and then close the other one or how should this work out ?.. September 3, 2014 at 11:57 am.. You can very well do so.. Here is the link to the whole process:.. icicibank.. com/Personal-Banking/investments/ppf/transfer-ppf-account-to-icici-bank.. page.. September 3, 2014 at 1:01 pm.. Thanks Shiv ! This does help.. September 3, 2014 at 3:44 pm.. That s great, you are welcome!.. roy cox.. September 3, 2014 at 10:30 pm.. This 5 year block you mentioned after 15 year lock in period? Can one invest money during these 5 year blocks and earn interest on the whole 15+5 years? Or you cannot invest anything beyond 15 years; but can continue to earn interest by not withdrawing money and extend it for 5 year chunks? Pls help.. September 4, 2014 at 8:25 pm.. Hi Roy,.. You can make investments during these 5 years..

    Original link path: /2014/09/01/increase-in-ppf-investment-limit-to-rs-1-5-lakh-notified-acceptable-now/
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