Month: November 2011
Below are all the posts archived for the month.
Section 24 Income Tax Benefit of a Housing Loan
in Tax
A house loan repayment has two components – principal and interest – and both of these components are treated differently for tax benefit calculation purposes. The principal amount is covered under Section 80C and has a Rs. 1 lakh limit. In order to claim the tax benefit under 80C the house should already be constructed,
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FDI in Multi Brand Retail is Great
in Economy
Cabinet has cleared the FDI policy that allows multi brand retail in India, and companies like Walmart and Carrefour can now partner with an Indian company and sell to consumers . The persistently high inflation and the current Euro mess must have a lot to do with the timing of this decision but the decision
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Which is the best place to invest?
in Investments
This is a very common question here, and I feel rather exasperated when I encounter this question but I’ve never actually written a detailed post on why that is. Since, the new year will come soon, and a common variation of this question: Which is the best place to invest in 2012 will be asked
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A few blog related things
in Opinion
Every once in a while I like to take a break from money related topics and discuss something else, and today I’m going to discuss about some blog related things that have been on my mind lately. Email I’ll start with the topic of email – a lot of you reply to the daily emails,
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L&T Infrastructure 80CCF Bonds
in Fixed Deposits
The latest infrastructure bonds to come out are from L&T and like the bonds from IDFC they too carry a 9% interest rate. The term of maturity is 10 years with a buyback after 5 years, and you can either take the option of the monthly interest or cumulative sum at the time of maturity.
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LIC Jeevan Saral Review
in Insurance
Ranjan wrote about LIC’s Jeevan Saral last Sunday, and I thought this was an interesting product to look at and review here. The unique thing about LIC’s Jeevan Saral is that they allow you to set your own monthly premium and then they cover you for 250 times that amount. This is a money back
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Don’t average down and compound your problems
in Investments
One thing that confounds me about the current market sentiment is that the market fall itself is only 20% or so, which is a lot less than the one we witnessed in the last crash but the panic seems to be at least as much as the last time. One reason for that is the
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When should you book profits?
in Investments
This post is drawn from a topic posted in the Suggest a Topic page, but the original comment wanted a convincing answer to this question, and I don’t think I have one, but I’ll still attempt to address the question with some thoughts I do have. First, here is the comment. I like your articles
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Buffett Interview, Free MoneySights and BRIC Internet penetration
in Links
Warren Buffett’s interview is easily the highlight of this week. There were several wow moments there, but let me just talk about a couple of them here. First is when Buffett talks about owning 5.5% of IBM and says that he has never spoken to the leadership at IBM – and that IBM will come to
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FMP Indexation Calculation and Benefit
in Fixed Deposits
I had written a post on how FMPs (Fixed Maturity Plans) compare with fixed deposits some time ago, but in that post I didn’t go into the details of indexation calculation or how the benefit accrues. In this post I will take an example of the FMP indexation calculation and that should clarify how this works.
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IDFC 80CCF Tax Saving Infrastructure Bonds
in Fixed Deposits, Tax
IDFC has launched their own 80CCF infrastructure bonds, and these come with a slightly higher interest rate than the other bonds that have been released so far. They carry a 9% annual interest rate, and IDFC has simplified the issue a little bit by having the option with only one maturity – that of ten
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Book Review: Steve Jobs by Walter Isaacson
in Books
I’ve recently finished reading the much talked about biography of Steve Jobs and absolutely loved it. It is one of the most honest biographies I’ve ever read and the only biography I’ll place higher on the frankness scale is The Story of My Experiments with Truth. Much of the book talks about the temperamental nature
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