NEW FLAVOR ULIP.......New guidelines for ULIP product. Effect from Sep 1

Matter	Before	After
Lock-in-Period	3 yrs	5 yrs
Minimum Sum Assured	5 times of Annual Premium	10 times of Annual premium
Top-Up Premium	No Sum Assured charge	Sum Assured charge
Partial Withdraw	Applicable	After 5 yrs
Pension Policy	No S.A Charges	S.A Charges
Guarantee   Return	NA	4.5% only pension policy

Lock-In-period-During this period investor can’t withdraw money

Sum Assured – Insurance Coverage amount.

Partial Withdraw-Withdrawal  of money partial from total premium

Sum Assured Charges- It charged taken by company from premium for insurance converge.

Top-Up premium – It extra premium. Like mobile top-up

5 Way to -SECURE UR FUTURE ....YOUNGISTAN!!!!!!!!!!!!

Financial planning is  assessing  income and expenses and making the best possible investments and tax saving plans..

Mr.Aish aged 22 after completing his MBA joined a multi national company earning handsome 6 digit salary. He enjoyed his life to the fullest throughout his life without paying must attention to savings or insurance.He bought a brand new mercedees   and duplex on loan. He later had 2 kids , as he was having no saving he left their future to chance. Now, what would happen if he dies today……..or what if he retires  without any money left in his hand …..DISASTROUS.

Now we are in  twenties, it is time to enjoy the money that we are making or will do and indulge in all the freedom of being financially independent. But stop for a moment and think…the first home  may be 10 years down the line and we  may be buying our car around the same time. And we still need to think for the time when we will be retired and have no incomes and will need our savings.So, now we can invest large percentage of our income as most of us are unmarried or have least financial burdens.

So without much ado, here are five money action plans we must start on right now.

1. Take some risks

 This is the time we can take risk as whole life is ahead of us and even if we make mistakes there is ample time to cover up.Find shares of little known companies which show potential and invests..

2. Buy insurance

The best insurance rates are available to people under the age of 30. Take advantage of this and buy term. 

3. Invest in an education

A higher education is often the key deciding factor for promotions. With a few years of experience under your belt, it is time to upgrade your skills and qualifications

4. Start a retirement fund

 With life expectancy moving up you will live longer. Medical expenses too are on the rise. Money invested early grows at a compounded pace. Make sure  retirement fund is in safe investments and is virtually untouchable.

 5. Plan for short term goals

Short to medium term planning is as important as long term goals. If you plan to buy a home in a few years, you will need a lumpsum for the down payment. You may also have the years to travel the world…

ALL DA BEST..................

Posted By- Sangeeta Anna Minz

WHAT IS PER DIEM INTEREST ?

Per diem interest is the amount of interest that you have to pay when you close a mortgage. This is essentially pro-rated interest that you have to pay until your regular loan interest starts to take over. In order to calculate per diem interest, you are going to need to know your annual interest rate. You should be able to look at your loan documents in order to determine how much you will have to pay in interest for the year.

Once you have determine what your annual interest rate is, you are going to need to determine how much interest you will have to pay over the course of the year. For example, if you are borrowing $200,000 and your interest rate is 5 percent, you will need to multiply these two numbers together. This would be a total of $10,000. 

Next, you will need to take the total interest and divide it by 12 months. This gives you a total of $833 per month in interest. You would then need to divide that by 30 days to get your daily interest payment. In this case it is $27.77 per day in interest. Multiply $27.77 by the number of days that you have to pay interest for the month. 


Posted By- AMULYA KUMAR RANA

Provident Fund regulatory and devopment authority

Provident fund regulatory and development authority was established  by Government of India on 23^rd August, 2003.  The       PFRDA Bill, 2005 is awaiting approval of Parliament. Pending passage of the Bill, the Government has, through an executive order dated 10^th October 2003, mandated PFRDA to act as a regulator for the pension sector. The mandate of PFRDA is development and regulation of pension sector in India.

The New Pension System reflects Government’s effort to find sustainable solutions to the problem of providing adequate retirement income.  As a first step towards instituting pensionary reforms, Government of India moved from a defined benefit pension to a defined contribution based pension system by making it mandatory  for its new  recruits (except armed forces) with effect from 1^st January, 2004. Since 1^st April, 2008, the pension contributions of Central Government employees covered by the New Pension System (NPS) are being invested by professional Pension Fund Managers in line with investment guidelines of Government applicable to non-Government Provident Funds.

Twenty two (22) State/UT Governments have also notified the New Pension System for their new employees. Of these, six states have already signed agreements with the intermediaries of the NPS architecture appointed by PFRDA for carrying forward the implementation of the New Pension System.   The other States are in the process of finalisation of documentation.

Government has announced that NPS would be available to every citizen from 1^stApril, 2009 on a voluntary basis.  Accordingly, PFRDA is in the process of extending the NPS architecture so as to make it available to all citizens.  The NPS architecture is transparent and will be web-enabled.  It would allow a subscriber to monitor his/her investments and returns under NPS, the choice of Pension Fund Manager and the investment option would also rest with the subscriber. The design allows the subscriber to switch his/her investment options as well as pension funds. The facility for seamless portability and switch between PFMs is designed to enable subscribers to maintain a single pension account throughout their saving period.

PFRDA has set up a Trust under the Indian Trusts Act, 1882 to oversee the functions of the PFMs.  The NPS Trust is composed of members representing diverse fields and brings wide range of talent to the regulatory framework.

The New Pension System has been designed to enable the subscriber to make optimum decisions regarding his/her future and provide for his/her old-age through systemic savings from the day he/she starts his/her employment.  It seeks to inculcate the habit of saving for retirement amongst the citizens.

Posted by- Gitika Geetu

Commoditiy price and Interst rate?

Commodities*

Gold              Rs18,670 per 10 gm
Sliver             Rs30,760 per Kg
Ind. Crude     Rs $71.09 per barrel

Interest Rate*

10-YR Govt. paper-      8.04%
Call Rate-                      4.65%
PLR Range-         11.0-15.75%

*As on 26 Aug. 2010

FII inflow

Conutry                  Net Inflow($ mn)*

India                          2,073.90
Indonesia                           269
Janpan                       1,273.70
Philippines                         172
S Korea                        -294.3
Taiwan                          -518.9
Thailand                          390.7
Vietnam                               23
Pakistan                            37.5

Source- Bloomberg
*Month to Date

Download NCFM course material?

National Stock Exchange launched various course about capital market.Some of the course material you can download from below link.For more information about NCFM log on to nseindia.com

Financial Markets: A Beginner's Module

This is a basic level programme for those who wish to either begin a career in the financial markets in India or simply learn the fundamentals of capital markets. The course is structured to help understand the basic concepts relating to different avenues of investment, the primary and the secondary market, the derivatives market and financial statement analysis. Mutual Funds: A Beginner's Module Mutual funds have become a much sought after investment product in recent years. This course demystifies the concept of mutual funds and helps create awareness and knowledge about the industry and its functioning