After completing series-1 and 2 in last financial year,IFCI has come up now with infrastructure bonds issue with tax benefits U/S. 80CCF. IFCI Tax Saving Infrastructure Bonds Issue: 1.Issue start date: 21st Sept. 2011. 2.Issue close date: 14th Nov. 2011. 3.Deemed date of allotment: 12th Dec. 2011. 4.Allotment: Both physical and demat mode.Trading is allowed…
Case Study: LIC Money Back Policy
Yesterday I received one cheque of Rs.40,000 from LIC India as survival benefit of its money back policy with sum assured of 2lac.I have bought this policy in 2001 and it was second benefit I received.I thought why not to do some calculation with some of the assumption as stated below. Assumptions: 1.Premiums paid monthly…
Yield Vs Returns & Effect Of Inflation On Your Saving:
Returns vs Yield: Sachin have invested Rs.1,00,000(1 Lac) in mutual fund before 5 years.if suppose today its value is 1,50,000.Then what are the returns and what is the yield. We can calculate it in following way: Return of the scheme using CAGR formula: 1,50,000 = 1,00,000 (1 + i)^ (1/5) Then i= 8.50% —————Real returns….