Out of the ten Oscars that it was nominated for, Slumdog Millionaire swept eight Oscars, which included two Oscars for music maestro A R Rahman, Best Director for Danny Boyle and Best Sound Mixing for India's Resul Pookutty.
http://movies.ndtv.com/newstory.asp?section=Movies&Id=ENTEN20090084440&
Monday, 23 February 2009
Interesting information about Mutaul Fund Investor Service Centre
Do you know about an Investor Service Centre which provides Consolidated services for most of the mutual Funds?
Computer Age Management Services Pvt. Ltd.(CAMS) offers a comprehensive package of Transaction Processing and Customer Care services to the Mutual Fund industry
CAMS (http://camsonline.com/) provides this comprehensive package of services to 18 Indian Mutual Fund families as services provider. Of every 100 Mutual Fund transactions processed in India, CAMS processes 50 or more.
Most interestin thing about CAMS is it provides Consolidated statement of all folios having your PAN (Permanent Account Number) through its Mail Back Service called "Active Statement".
It provides Consolidated information about all your investments in various mutual funds for which CAMS acts as ISC (Investor Service Centre).
Computer Age Management Services Pvt. Ltd.(CAMS) offers a comprehensive package of Transaction Processing and Customer Care services to the Mutual Fund industry
CAMS (http://camsonline.com/) provides this comprehensive package of services to 18 Indian Mutual Fund families as services provider. Of every 100 Mutual Fund transactions processed in India, CAMS processes 50 or more.
Most interestin thing about CAMS is it provides Consolidated statement of all folios having your PAN (Permanent Account Number) through its Mail Back Service called "Active Statement".
It provides Consolidated information about all your investments in various mutual funds for which CAMS acts as ISC (Investor Service Centre).
Site to Down Load vedios from youtube.com
Simply enter the youtube link in the space given in the site to download your favorite youtube videos. Click on the Download.
www.downloadyoutubevideos.com
www.downloadyoutubevideos.com
Sunday, 22 February 2009
Saturday, 21 February 2009
Tip of the day - How to avoid entry load on Mutual fund applications
Market regulator, Securities and Exchange Board of India (SEBI) has waived entry load for direct applications for mutual fund Investments. Market regulator said that the exemption would apply for investments in existing schemes with affect from Jan. 4, 2008 and in new scheme to be launched thereafter.
The Mutual funds generally charge about entry load of 2.25 % on investments made directly or through distributors. But with the introduction of this norm, an investor will not have to pay the entry load of 2.25% for equity funds unless he avails the services of a distributor. Units will be allotted to the investor to the full amount.
For Example: Earlier if an investor invests Rs. 1,00,000 in Mutual Fund entry load (Assuming @ 2.25%) 2,250 will be charged to him. Investor will be allotted only to the extent of Rs. 97,750 From Jan 4, 2008 if he invests in MF directly through AMC/Investor Service Centre he will be allotted units for the entire amount i.e., for 1,00,000
Frequently asked questions:
1. What do you mean by Direct application?
Ans: Direct application means the applications which are received through the Internet, directly submitted to AMCs’ or to the collection centre/investor services centers that are not routed through any distributor, agent or broker.On the application it has to be mentioned clearly as "Direct" in the "Broker column"
2. I have invested in SIP before January 4th,2008 whether I will be able to avoid entry load on my SIP which is still continuing?
Ans: Yes. You can definitely avoid the entry load. Just you have to approach the AMC or the Collection Centre / Investor Service centers and request for Entry Load cancellation form. Fill the same and submit to them.
3. Whether entry load will be levied when I switch from One Scheme to another Scheme?
Ans: No entry load will be levied if the investors switching from one scheme to another while dealing directly with the AMC.
4. Whether I will be levied any entry load if I invest through Internet?
Ans: Entry load is waived, only if Investment is made through the fund's official website. Purchases through any other website will attract the entire entry load.
The Mutual funds generally charge about entry load of 2.25 % on investments made directly or through distributors. But with the introduction of this norm, an investor will not have to pay the entry load of 2.25% for equity funds unless he avails the services of a distributor. Units will be allotted to the investor to the full amount.
For Example: Earlier if an investor invests Rs. 1,00,000 in Mutual Fund entry load (Assuming @ 2.25%) 2,250 will be charged to him. Investor will be allotted only to the extent of Rs. 97,750 From Jan 4, 2008 if he invests in MF directly through AMC/Investor Service Centre he will be allotted units for the entire amount i.e., for 1,00,000
Frequently asked questions:
1. What do you mean by Direct application?
Ans: Direct application means the applications which are received through the Internet, directly submitted to AMCs’ or to the collection centre/investor services centers that are not routed through any distributor, agent or broker.On the application it has to be mentioned clearly as "Direct" in the "Broker column"
2. I have invested in SIP before January 4th,2008 whether I will be able to avoid entry load on my SIP which is still continuing?
Ans: Yes. You can definitely avoid the entry load. Just you have to approach the AMC or the Collection Centre / Investor Service centers and request for Entry Load cancellation form. Fill the same and submit to them.
3. Whether entry load will be levied when I switch from One Scheme to another Scheme?
Ans: No entry load will be levied if the investors switching from one scheme to another while dealing directly with the AMC.
4. Whether I will be levied any entry load if I invest through Internet?
Ans: Entry load is waived, only if Investment is made through the fund's official website. Purchases through any other website will attract the entire entry load.
Tax Saving Options for Personal Tax payers in India
As this is financial year is closing all the personal tax payers in India will be looking for tax saving options. Your tax saving investments should be based on your ability to handle risk and the time for which you are willing to stay invested.
Section 80C of Income tax act offers a deduction of Rs 1 lakh, irrespective of income brackets
Here are the options with their related benefits:
For Conservative Investors:
If you are an risk averse investor or a retired person you should chose conventional investments such as Insurance, PPF (Public Provident Fund), NSC (National Savings Certificates), Infrastructure Bonds, Bank Fixed Deposits (Minimum Lock in for Five Years) etc.,
Note: You should consider your period of requirement and Post tax returns
For Investors who can afford to take risks:
If you are an investor ready to take risks you can invest in ELSS (Equity Linked Savings Schemes) category of Mutual Fund (Lock in period of 3 years) orULIP (Lock in period as per the agreement). ULIP is a combination of Mutual Fund and Life Insurance.
As ULIP's will have high initial costs (Ranges upto 40% of premium) and recurring payments it is better to go for Plain insurance plans as the premium compared to ULIP's will be lower. ULIPs are meant to be long-term products, where the policyholder stands to gain market returns only over a period of 8-10 years.
If you are looking for tax relief and wants to invest in equity you can opt for ELSS provided your requirements are 4-6 years away. As ELSS is an equity asset it is having inherent risk element market fluctuations. SBI Magnum Tax Gain Scheme 1993 and Sundaram Tax Saver have been consistently provided the returns over the last one year, thereby proving their success even in these dark times
Disclaimer: Mutual Fund Investments are subject to market risks.
All the opinions are personal and investors should think on their own before investing in any of the investments.
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