Author Topic: Free Finance Related On-Line Consultancey by Mr Pankaj Mathpal- पंकज मठपाल जी  (Read 12935 times)

pankajmathpal

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Dear Ravinder,

I advise you to invest in PPF and ELSS.
ULIP is not a product of my choice due to high cost, less flexibility and transparency. Interest earned on NSC is taxable and KVP is not eligible for deduction u/s 80c of IT Act.

एम.एस. मेहता /M S Mehta 9910532720

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Some of the Queries replied by Mr Pankaj Mathpal on Economic Times are:

==================================================

QUERY CORNER
Q & A


Question : You had suggested that I should invest in largecap mutual funds. Can you name some of them NANDAKISHORE K VEERA

Answer : I advise you to start an SIP in HDFC Top 200 Fund, Birla Sun Life Front Line Equity Fund and Reliance Regular Saving Fund-Equity Plan. This will be a good start.

Question by : KV SIVASANKARAN

I am working with a private company and have a cumulative work experience of 36 years. Though the retirement age in the present company is 58 years, which was on February 5, 2008, I am still continuing, and PF is deducted every month. What is the age limit to start getting pension and how is it fixed KV SIVASANKARAN

Answer :

An employee ceases to be a member of Employees Pension fund on attaining the age of 58. The amount of pension is computed in accordance with pensionable salary multiplied by pensionable service and divide the result by 70. Pensionable salary means the average monthly pay during the contributory period of service in the span of 12 months. This would be preceding the date of exit from the membership of Employees Pension Fund.



Question : By Chetan Kumar

I am 23 years old and want to invest Rs 1.5 lakh and create a diversified portfolio. Whats your advice CHETAN KUMAR

Answer :

I advise you to buy a health insurance policy and invest your money in a welldiversified portfolio of equity mutual fund for a horizon of 5 years or more. Choose to invest in a staggered manner either through the SIP and STP route instead of investing a lumpsum amount.


Questoin : Jaspreet Singh :

I want to know
whether
investing in ULIPs is better than investing in mutual funds. Which has higher returns for a 10-year time horizon
JASPREET SINGH



Answer :

Ideally, ULIP and
mutual fund
should not be compared with each other. ULIP is primarily an insurance plan with an added investment component, whereas mutual fund is purely an investment product. I advise you to invest in diversified mutual fund schemes because of transparency, flexibility and cost-effectiveness .


Question : Vikesh Bhatt

My monthly
salary is Rs
39,000, which includes HRA of Rs 6,500 monthly. I have invested in an LIC policy and pay a premium of Rs 9,550 every quarter. Since November, my tax deduction is coming to Rs 4,327. Kindly advise me on investments
VIKESH BHATT



Answer : The maximum eligible limit of

Investment U/S 80C is Rs 1,00,000. You are already paying a premium of Rs 38,200 towards your LIC Policy which is eligible for deduction U/S 80C of the I-T Act. Invest the balance Rs 61,800 in equity-linked saving schemes of mutual fund before March 31, 2010, to get the maximum possible tax benefit in FY09-10 . Also, buy a health insurance plan for you, your family and your parents to get benefit U/S 80D.


Source : http://lite.epaper.timesofindia.com/getpage.aspx?

Anubhav / अनुभव उपाध्याय

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Welcome Mathpal ji to Mera Pahad parivaar.

Devbhoomi,Uttarakhand

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MATHPAL JI MERA PAHAD PARIWAR MAIN APKA HARDIK SWAAGAT HAI !
MERA PAHAD PARIWAR KO AAP JAISE MAHAN BYKTI KI AAWSYAKTA THI,THANKS FOR JOING MERA PAHAD

pankajmathpal

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Hi Ravinder,

Stop loss is a target set to sell or buy (In case you have short position) the stock when it hits the target. Stop loss limits the investor’s loss.

Support is the price level where the particular stock had difficulty falling below that level historically. 

Resistance level is where stock has difficulty to exceed that price for some time.


Harish Rawat

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wow great idea mehta g this thread  profitable for all member here we solve our tex problem...and thanx to pankaj g also..giving valuable time ....


"pomis" is it taxable ?

Ravinder Rawat

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Thanx for the information.
Hi Ravinder,

Stop loss is a target set to sell or buy (In case you have short position) the stock when it hits the target. Stop loss limits the investor’s loss.

Support is the price level where the particular stock had difficulty falling below that level historically. 

Resistance level is where stock has difficulty to exceed that price for some time.



Ravinder Rawat

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Hi harish,
While investing in POMIS there is no Deduction U/S 80C and Intrest earned is taxable.
There is no TAX Deduction at Source(TDS).


wow great idea mehta g this thread  profitable for all member here we solve our tex problem...and thanx to pankaj g also..giving valuable time ....


"pomis" is it taxable ?

एम.एस. मेहता /M S Mehta 9910532720

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Friends..

If have any tax related queries, please post here .

Ravinder Rawat

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Mathpal Ji Lagta he sabhi bahi bandhu Tax/ Finance/ Investment me expert ho gaye he... :) :) March bhi khatam ho gaya koi query nahi aaye.... :-[

 

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