121 comments and 7,466 views
Posted in Finance, Income Tax, Investment, Mutual Funds.
I compared ELSS (Equity Linked Saving Scheme) mutual funds on the basis of their AUM (assets under management) size and past performance in 6 months, 1 year, 2 years and 3 years.
Finally following funds were found to be good.
Sundaram BNP Paribas Taxsaver, SBI Magnum Tax Gain Scheme 93 – Dividend, Franklin India Taxshield – Growth, Franklin India Index Tax Fund
– September 5, 2008
40 comments and 5,499 views
Posted in Finance, Investment, Mutual Funds.
As per guidelines of Securities & Exchange Board of India (SEBI) via this circular, no entry load (usually 2.25%) shall be charged for direct applications received by the Asset Management Company (AMC) i.e. applications received through internet, submitted to AMC or collection centre/ Investor Service Centre that are not routed through any distributor/agent/broker.
If you are making investment in MF (lump-sum or SIP) and you route your application through a broker.You will be charged entry load.
To avoid paying the entry load you now have to invest directly with the Mutual Fund i.e. you have to submit the form directly to the Mutual Fund without the assistance of any agent/distributor. Mutual Funds bought through sites like ICICI direct, India info line, Kotak securities would also be considered as investment through brokers. You will be charged entry load on these investments.
– September 5, 2008
7 comments and 628 views
I am a vodafone mobile customer. I am registered for DND (Do not disturb) since a long time (> 8 months). Still after this, I am getting calls from Companies regarding loans, credit cards and insurance on a regular basis.
As per National Do Not Call Registry website (http://ndncregistry.gov.in/ndncregistry/index.jsp):
“To discourage the telemarketers who make calls to the numbers registered in Do Not Call List, a provision has been made whereby Rs.500/ – shall be payable by the telemarketer to the service provider for every first unsolicited commercial communication (UCC) and Rs.1000/- shall be payable for subsequent UCC. There is a provision for disconnection of the telemarketer telephone number / telecom resource if the UCC is sent even after levy of Rs.500/- & Rs.1000/- tariff. In case of non-compliance to the Telecom Unsolicited Commercial Communications Regulations, 2007, the Service Provider is also liable to pay an amount by way of financial disincentive, not exceeding Rs.5000/- for first non-compliance of the regulation and in case of second or subsequent such non-compliance, an amount not exceeding Rs.20,000/- for each such non-compliance.”
I had complained to Vodafone many times regarding this but they are unable to take any action.
It seems DND policy is of no use in this country. There is no solution.
– August 20, 2008
1 comment and 1,586 views
Transferring money from one bank account to another one is quite easy. Most of the people don’t know about it and don’t use it. Its very powerful, very safe, absolutely free and fast. It saves lots of time and paperwork(and so the environment).
There are two service RBI offers for the same
1. NEFT (National Electronic Funds Transfer system) – a nation wide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch.).
2. RGTS – The acronym “RTGS” stands for Real Time Gross Settlement. RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a “real time” and on “gross” basis. This is the fastest possible money transfer system through the banking channel. This service is not free and there is some amount payable for using this.
– August 15, 2008
No comments and 241 views
Posted in Javascript, Technology.
Yesterday, I was stuck on a webpage where javascript validation was not working. I tried putting a debug point on firbug (a firefox extension) but it was not even getting called. There was no javascript errror on firefox/firebug. Finally i doubted the included validation javascript file. At that moment I needed a tool to test a js for its sytax validity. I found an online tool to do that on http://www.javascriptlint.com/online_lint.php. And I was right and there was an extra brace( } )in js file.
Once again thanks to Google God !
– August 9, 2008
5 comments and 3,682 views
Posted in Corporate, Education, Finance, Government, Income Tax, India.
As per section 10(10AA) of income tax in india, leave encashment amount received by employee by a previous employer in full and final statement, is non-taxable. So If you have changed a job in financial year and received leave encashment for the remaining earned leaves (ELs) Just deduct the amount from total income and compute the income tax on top of that.
– August 7, 2008
No comments and 10 views
Posted in Life.
She can kill with a smile
She can wound with her eyes
She can ruin your faith with her casual lies
And she only reveals what she wants you to see
She hides like a child
But she’s always a woman to me
She can lead you to live
She can take your or leave you
She can ask for the truth
But she’ll never believe you
And she’ll take what you give her as long as it’s free
She steals like a thief
But she’s always a woman to me
Oh-she takes care of herself
She can wait if she wants
She’s ahead of her time
Oh-and she never gives out
And she never gives in
She just changes her mind
She will promise you more
Than the Garden of Eden
Then she’ll carelessly cut you
And laugh while you’re bleedin’
But she’ll bring out the best
And the worst you can be
Blame it all on yourself
Cause she’s always a woman to me
She is frequently kind
And she’s suddenly cruel
She can do as she pleases
She’s nobody’s fool
But she can’t be convicted
She’s earned her degree
And the most she will do
Is throw shadows at you
But she’s always a woman to me
– June 10, 2008
1 comment and 13 views
Posted in Life, Motivation.
Long time back, I read this somewhere:
If dreams were given to a lonely man
and a lonely man’s dreams came true,
I’d force myself to sleep all the time
just so I could dream of you
If wishes were given to a lonely man
and I was given just two,
I’d wish for you to always love me
and the other I’d give to you
If my tears could write a love song
I’d write a love song for you,
It would explain just how I feel inside
and how much I love you too
But, dreams are only dreams
and wishes seldom come true,
My tears can’t write a love song,
but when they fall, they fall for you
– June 10, 2008
No comments and 10 views
Posted in Life.
I read this somewhere found very good:
I need your understanding
Your love, your smile, your touch
I need to know you love me
I need to know how much.
Tomorrow holds no promises
We’ve known this from the start
But from the minute I saw you
I knew you had won my heart.
I want you here beside me
Now and through the years
Through all the good and bad times
Through smiles and even tears.
Please know how much I love you
And I love the time we share
And I’m hoping we’re together
When there is silver in our hair.
So if you really love me
As you say you do
Please hold on to me tightly
And I’ll dream this dream with you.
– June 10, 2008
2 comments and 19 views
Posted in Life, Management, Motivation.
I found it a good read and it also taught me a lesson….
A group of children were playing near two railway tracks, one still in use while the other disused. Only one child played on the disused track, the rest on the operational track.
The train is coming, and you are just beside the track interchange. You can make the train change its course to the disused track and save most of the kids. However, that would also mean the lone child playing by the disused track would be sacrificed. Or would you rather let the train go its way?
Let’s take a pause to think what kind of decision we could make……………
……………Most people might choose to divert the course of the train, and sacrifice only one child. You might think the same way, I guess. Exactly, to save most of the children at the expense of only one child was rational decision most people would make, morally and emotionally. But, have you ever thought that the child choosing to play on the disused track had in fact made the right decision to play at a safe place?
Nevertheless, he had to be sacrificed because of his ignorant friends who chose to play where the danger was. This kind of dilemma happens around us everyday. In the office, community, in politics and especially in a democratic society, the minority is often sacrificed for the interest of the majority, no matter how foolish or ignorant the majority are, and how farsighted and knowledgeable the minority are. The child who chose not to play with the rest on the operational track was sidelined. And in the case he was sacrificed, no one would shed a tear for him.
The great critic Leo Velski Julian who told the story said he would not try to change the course of the train because he believed that the kids playing on the operational track should have known very well that track was still in use, and that they should have run away if they heard the train’s sirens. If the train was diverted, that lone child would definitely die because he never thought the train could come over to that track! Moreover, that track was not in use probably because it was not safe. If the train was diverted to the track, we could put the lives of all passengers on board at stake! And in your attempt to save a few kids by sacrificing one child, you might end up sacrificing hundreds of people to save these few kids.
While we are all aware that life is full of tough decisions that need to be made, we may not realize that hasty decisions may not always be the right one.
“Remember that what’s right isn’t always popular… and what’s popular isn’t always right.”
Everybody makes mistakes; that’s why they started putting erasers on pencils.
– June 10, 2008
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