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The Trends of Property Prices in Gurgaon
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I am searching for Health insurance for heart surgery from Birla Sun Life Insurance Actually i am a self employed personand my income is Rs. 40000 per month. Are there some active groups offering membership plus health insurance with benefits of group insurance policy? Can you tell me the advantages & disadvantages for this?
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I am searching for Aviva Life Insurance Family Floater Health Insurance in Mysore. My wife is pregnant and 6 months passed how can i make health insurance in india Are there any health insurance companies in India which will cover all major hospital bills ?? Give me information needed
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Information required for Health insurance policy for kidney transplant from Aviva Life Insurance Mine gross income is Rs. 54000 per month + perks. And I am central government employee, plz kindly provide me the required feedback. I want to buy Health Insurance policy which assist me to save my Income Tax. Is there any policy avilable which matches with my requirement? Can I get a health insurance without paying any premium?
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home loan in Faridabad - I am searching for State Bank of Indore .Can I get a home loan without paying any interest?
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need details
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Can you tell me the advantages & disadvantages for this?
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Please tell me
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where i can assure that return. I am planning to save this money for my daughters marriage which is planned next year pls advise
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Is there any standard which can tell me the amount?
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Please help
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since I was told that financial plans rely heavily on forecasting and prediction?
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Need details about this credit card from axis bank
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please explain
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please advice
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please advice
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You may consider buying a Pension Plan
* ICICI Pension plan – Forever Life
* TATA AIG Nirvana
* LIC Jeevan Suraksha/Jeevan Dhara
* LIC Jeevan Nidhi
* HDFC Standard Life Pension Plan
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provide full details about this project from Srijan developer
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please advice
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please reply
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Any tool or calculator available online that can help me plan my retirement? If anyone know of a calculator or tool for this, please reply ASAP
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To get a pension of Rs. 30,000 per month after 20 years how much money is required to be invested per month? Is there any particular investment option that you advise?
* Facts of the case :
Pension amount : Rs. 30,000 per month (future value)
Tenure of pension : 240 months (after retirement)
Inflation : 6% p.a.
Intt rate after retirement : 8% p.a.
Intt rate before retirement : 12% p.a.
Compounding frequency : 1
Pension required : After 20 years from now
Analysis:
Corpus required : Rs. 60.06 lakh
Investment required per month from today : Rs. 6,591
Tenure : 240 months
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Mutual Funds for High Growth
On an average, diversified equity funds have delivered approx 12% year on year returns since last 5 years. Before deciding on which fund to invest in, you should know your risk taking ability and the time horizon of investment.
* If you are seeking more than 15% returns, this comes by taking more risk and investing for a long term horizon.
* You can consider investing in a set of diversified Equity Schemes, Large Cap Schemes and Balanced Schemes. You can invest in a combination of any two funds but avoid investing in one go. Invest your money in decided funds at different time intervals.
* Also, don’t diversify too much by investing in large number of funds because over diversification eats away the portfolio returns due to the presence of some laggard funds
Advantages of Mutual Funds over Stocks
1. Stocks Identification: In case of mutual funds, Fund Manager specialize in this area and possess the requisite resources whereas it is a difficult process that involves detailed research and monitoring of the market
2. Diversification: Mutual Fund is a pool of funds and an investor can reap the benefit of diversification by investing here in small amounts. On the other hand, a large sum is required for a diversified portfolio in direct equities which is not always possible for an investor
3. Professional Management: In case of Mutual Funds, professional Fund managers manage the investments and also control the cost involved whereas an individual investor do not get this benefit in direct equity investment
4. Investment Objectives: Mutual funds serves various objectives such as income, growth, tax planning etc whereas investment in direct equities does not provide Sec 80C benefit
5. Liquidity: In case of mutual funds, high liquidity is there for all fund types. Closed ended funds are also traded on stock exchange. On the other hand, liquidity in stock can be a concern because certain stocks are not traded for longer periods
6. Transaction Costs: Mutual Funds keep transaction costs under control due to economies of scale. In case of direct equity, high level of transaction cost per rupee invested in the form of brokerage, commission etc.
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You can definitely claim deduction for medical treatment of your sister. The deduction is available for amount spent on medical treatment of specified diseases (neurological disorder)or Rs.40,000 which ever is less. Following key points should also be remembered:
1. Deduction is available under section 80DDB.
2. In order to claim deduction you shall be required to obtain disability certificate in form 10-I from neurologist working in government hospital.
3. Expenditure should be incurred towards medical treatment of self / dependant relative. Dependent relative includes spouse, children, parents, brothers and sisters.
Since your sister is mainly dependent on you, you can claim deduction of Rs.40,000 (maximum limit) provided you fulfill other conditions discussed above.
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Young Star Suvidha plan from HDFC Standard Life Insurance has been withdrawn w.e.f. 15-Dec-08
therefore this plan is not available for investment. In case you want unit linked child plan from HDFC Standard Life Insurance you can consider HDFC UNIT LINKED YOUNG STAR CHAMPION, HDFC Unit Linked Young Star Plus II, HDFC UNIT LINKED YOUNG STAR II.
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Facts of the case :
Pension amount : Rs. 30,000 per month (future value)
Tenure of pension : 240 months
Inflation : 6% p.a.
Intt rate after retirement : 8% p.a.
Intt rate before retirement : 12% p.a.
Compounding frequency : 1
Pension required : After 20 years from now
Analysis:
Corpus required : Rs. 60.06 lakh
Investment required per month from today : Rs. 6,591
Tenure : 240 months
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Well the good news is, even if you are not in receipt of HRA from your employer or you are self employed, you can still claim deduction for rent paid under section 80GG.
Amount of deduction shall be the least of the following:
(i) Rent paid - 10% of Gross Total Income reduced by capital gains and other deductions if any.
(ii) 25% of the Adjusted Gross Total Income
(iii) Rs. 2,000 per month.
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Pallavi wrote:I recently applied for a home loan of 20 lacks from HDFC bank. But still I don't get any feedback from them over the same. Do any of home loan expert here have an idea: the factors bank consider before accepting or refusing a loan application?
I have been working with a MNC for the last three years getting good salary....
I think banks have become strict in accepting new home loan applications. Taking a home loan is not easy today as it was few years back..
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I have the figures ready I need the services of a tax return preparer. I live in Sarita Vihar New Delhi.
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