Whether assessee was entitled to claim deduction of loss incurred on sale of units
of mutual fund purchased by the assessee for two days to get the benefit of the
dividend income under section 10(33)?
Vaneet Jain v. CIT, Panchkula (2007) 158 Taxman 410 (Punj. & Har.) 13
Relevant section: 28(i)
"The assessee had made investment for the purchase of units of mutual fund for Rs. 5
lakhs along
Lets consider the mutual fund named PGB. PGB has a lot of buzz and you'll see people on the net saying its a great investment. Lets look at PGB's price over the past year and before.The price for PGB hit a high of $10.11 a share back in March of 2008 and then like most equities it has dropped significantly since then. PGB hit a low of $7.12 a share by late October. Since then the fund rebounded a
How to play the mutual fund investment in India, especially when it is a no brainer that rate cuts are nearby? Impending rate cuts have also opened up a great opportunity in a particular segment of mutual funds in India: gilt funds. If you are looking at equity, banking stocks or bank ETFs also look [...]
Top Performers (12-Aug-2007 - 13-Aug-2008)For Complete Rankings, Click hereScheme1 Year Return (%)BalancedBenchmark Split Capital Fund - Balanced - Class-B22.32ICICI Pru Blended - Plan B (G)8.40ICICI Pru Blended - Plan B (D)8.40Bond FundsCanara Robeco Income (Bonus)22.39Canara Robeco Income (Income)21.83Canara Robeco Income (Growth)21.62Equity - DiversifiedICICI Pru Equity & Deriv -Income Opt
Welcome to the November edition of Hot Mutual Funds and ETFs.
The markets are significantly down for the year.
The YTD (Year To Date) returns of Dow Jones is -53.50%, Nasdaq is -72.00% and S&P is -65.70%. I'm recommending my subscribers to watch your portfolio very closely in the short term.
Happy Investing!!Mutual Fund Guru ()
Category Returns
Hot Mutual Funds and ETFs Recommendations
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By Mike Rowan
How Mutual Funds Work-Part 2
Today, we will continue to learn about mutual funds, and the benefits and disadvantages that they represent. Please keep in mind, all of these features of Mutual Funds can have a direct impact on [...]
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Mutual Fund Knowledge for your 401k
By Mike Rowan
Let’s face it. You are probably getting hammered in your 401k, 403b, 457 Plan, or IRA accounts, during this severe economic downturn. In my experience, many of these external market factors are simply [...]
Mutual Fund investment in India is a pick up. Mutual funds are collective investment schemes that clubs money from investors and invest in securities like stocks and money market instruments. For investment in Mutual Fund, there are a number of mutual funds in the country, both domestic as well as international players.
One of the most [...]
Often people want to save money for their retirement but they do not know which the right vehicle to use is. The idea of putting all of one’s money into a bank has lost its appeal for many. Banks typically offer low rates of return on savings accounts, rates that barely keep up with inflation. [...]
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The next (if not current) big story is the possible collapse of many Indian mutual funds. As usual, the victims are hapless retail investors.Forget about equity funds, many of which are heading to extinction in the current stock market crash. This is about fixed income MFs – the sort that are supposed to be risk-free, investing only in bank certificates of deposit and the best commercial paper.
There are lot of benefits in investing in mutual funds than investing in individual stocks.Professional ManagementFor an average investor, it is a difficult task to decide what securities to buy, how much to buy and when to sell. By buying a mutual fund, you acquire a professional fund manager who manages your money. This is the person who decides what to buy for you, when to buy it and when to se
For the moment the details are still few, but the news certainly can not go unnoticed: Kodak and Nokia have reached an agreement for the mutual exchange of patents.
It is not know what will this agreement, which does not mean that in future some Nokia phones will incorporate Kodak sensors. In this regard we recall that Kodak is no stranger to mobile telephony, for example, the Motorola MOTOZINE
The Association of Mutual Funds in India (AMFI) is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and ...
Original Blog :
How safe are Mutual Funds?Just like any other financial instrument, mutual funds are not without risk. When defined in terms of chances of losing money, the risk in mutual funds is no different than that present in other financial instruments. Still they are relatively safer and a more convenient way on investing.In mutual funds, you can control risk by choosing a fund that suits your risk profile
You could have read the investment idea from my post about the Rule of 72 for Money Management and Financial Planning. And I had introduced how mutual fund (or unit trust fund) that could be a great tool to everyone to achieve financial goals.
What is a “mutual fund”?
A mutual fund is nothing more than [...]
Larsen and Toubro, the country‘s largest engineering and construction company, is exploring the option of establishing a real estate mutual to expand its portfolio of financial services to the...
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There exists a spider that resides behind my desk. This spider does not move often. It has built a web between the desk and the wall. For the spider, the location is ideal. Any insect which travels will most likely choose to move through this area.For me, it is beneficial. I prefer one spider over a multitude of other inhabitants. But if the spider moves to a more visible location, I will undoubte
The brain-child of Wall Street, mutual funds are perhaps the easiest and least stressful way to invest in the market. In fact, more new money has been introduced into funds during the past few years than at any time in history. Before you jump into the pool and select a mutual fund in which to invest, you should know exactly what they are and how they work.What is a mutual fund?Put simply, a mutua
Welcome to the October edition of Hot Mutual Funds and ETFs.
Even after the 11% Dow rally October 13th, the markets are still significantly down for the year.
The YTD (Year To Date) returns of Dow Jones is -38.40%, Nasdaq is -41.47% and S&P is -44.22%. I'm recommending my subscribers to watch your portfolio very closely in the short term.
Happy Investing!!Mutual Fund Guru ()
Category Returns
Asking for plan you taxes now with mutual funds would be little it surprising now, where stock market is tumbling. Well the reason behind this that now Mutual funds are so attractive that there is now point that you going loose your money now. There are some funds that launched last year and previous years [...]
Indeed its a good news that there are more than 28 different Asset Management companies that are offering Fund Management services to the nation. Then I find a website Pakistan Funds which ease
Is there a better way to manage your mutual fund portfolio through the ups & downs of the market?
If you have been a “buy-and-hold” investor through the most recent bull and bear markets, you might be aware of the shortcomings of this strategy. A buy-and-hold strategy seems to work out well in a bull market [...]
It seems to be that honour, integrity and a sense of decency are in short supply for those in public life. John McCain has got caught up with a character called Charles Keating. I don't think McCain has done anything particular wrong except to be around a man who "spread a lot of money around Washington, and it was time to call in his chits". This is what I read on azcentral.com in an article titl
Is very hard to find a long term high yield investment program but I think Mutual Forex Fund is the BEST CHOICE in 2009.
As you can see in their investment prospect they are a registered company as Mutual Forex Inc in Republic of Seychelles.
They accept different payment processors such as: SolidTrustPay, LibertyReserve and PerfectMoney.
Mutual Forex [...]
Washington Mutual collapses under the continued onslaught of economic pressures in the largest US bank failure in history.
JPMorgan Chase took over the failed savings and loan giant for a $1.9 billion deal announced by the US FDIC on Thursday. Washington Mutual, also known as WaMu, was the latest bank to fail due to heavy exposure [...]
Fund House IncorpDate Fund Type No.SchOpenNo.SchCloseAverage AUMRs.CrDate ABN AMRO Asset Management (India) Private Limited04-Nov-03Pvt. Sector - Joint Ventures ( Foreign)1742328532.1631-Aug-08AIG Global Asset Management Company (India) Private Limited30-Oct-06Pvt. Sector - Foreign59253439.3831-Aug-08Baroda Pioneer Asset Management Company Limited05-Nov-92Bank Sponsered18161.0531-Aug-08Bharti
Washington Mutual was closed by the government, one of the largest bank failures in the U.S. and then banking assets sold to JPMorgan Chase & Co. for $1.9 billion.
JPMorgan Chase infomred yesterday that it bought into the banking assets of Washington Mutual on late thursday evening , Washington Mutual was declared as the biggest ever bank failure of the Nation , they had been seized by federal regulators, Think this saves another 2 billion from US tax payers money.
About the Deal:
There are lot [...]
Washington Mutual was seized by regulators Thursday making it the largest bank failure in U.S. history. JPMorgan has agreed to acquire the deposits. Washington Mutual has lost 95 percent of its value in the last twelve months and has suffered nearly $6.3 billion in subprime related losses in the last 3 quarters.
In what may be the largest bank failure in U.S. history, Washington Mutual could be seized by regulators as early as today. The Federal Deposit Insurance Corp. is planning to take control of Washington Mutual, according to CNBC. JPMorgan is looking to acquire the failing bank possibly as early as tonight.
Welcome to the August edition of Hot Mutual Funds and ETFs.
The markets are still down double digit percentages for the year.
The YTD (Year To Date) returns of Dow Jones is -18.40%, Nasdaq is -19.73% and S&P is -19.88%. I'm recommending my subscribers to watch your portfolio very closely in the short term.
Happy Investing!!Mutual Fund Guru ()
Category Returns
Hot Mutual Funds and ETFs Reco
What is a Balanced Fund?
Balanced funds a.k.a. hybrid funds are a type of funds which don't take full exposure either in equity or in debt. They invest in both equity and debt in a well defined ratio as per the fund's mandate. An investor with a low risk capacity and having dependents can use these funds to have stability in his/her portfolio.
They are usually classified in two broad categories
The August score card for the mutual fund companies are out. Despite a weak market, the assets under management for Indian mutual fund companies are up by 2.77 per cent to Rs 5.44 lakh crore. Driving the increase in assets are increasing popularity of debt schemes, particularly the fixed maturity schemes, and a stability of sorts in the equity markets. The SIP schemes continue to do well for the
The competition for Indian mutual fund companies is likely to hot up. In addition to battling a weak market, Indian mutual fund companies have to deal with a influx of new players. Though the markets remain weak, there is no dearth of players seeking to have a pie of the Indian financial sector. Recently, the [...]
How to invest in a mutual fund? Here are some basic terms related with mutual funds. Also a mini guide about how to select a fund.Mutual Fund: A mutual fund is a vehicle, set up and managed by a fund company, to facilitate a group of investors to come together and invest in stocks, bonds or any other security. Investors own units of the mutual fund, which represent the assets of the fund.Net asse
Top Performers (12-Aug-2007 - 13-Aug-2008)For Complete Rankings, Click hereScheme1 Year Return (%)BalancedBenchmark Split Capital Fund - Balanced - Class-B22.32ICICI Pru Blended - Plan B (G)8.55ICICI Pru Blended - Plan B (D)8.55Bond FundsDBS Chola Monthly Income Plan (Div-Q)23.57DBS Chola Monthly Income Plan (Div-M)23.53DBS Chola Monthly Income Plan (G)23.03Equity - DiversifiedICICI Pru Equity &a
Top Performers (12-Aug-2007 - 13-Aug-2008)Scheme1 Year Return (%)BalancedBenchmark Split Capital Fund - Balanced - Class-B22.32ICICI Pru Blended - Plan B (G)8.55ICICI Pru Blended - Plan B (D)8.55Bond FundsDBS Chola Monthly Income Plan (Div-Q)23.57DBS Chola Monthly Income Plan (Div-M)23.53DBS Chola Monthly Income Plan (G)23.03Equity - DiversifiedICICI Pru Equity & Deriv -Income Optimis (D)13.2
There was an old beggar living near a tourist spot. The tourist spot is a forest and it is famed for its rich resources of woody vegetations and wild animals. When the old beggar was in his final years, he looked back at his life-track which he had traversed with list of sinful activities. He indulged in number of cruel murders, sinful thefts, child trafficking, smuggling etc. which repelled his p
With 125 branches and deposits of more than $8 billion, WaMu is the third-largest bank in Florida. Social Bookmarking Add to OnlywireAdd to: | Technorati | Digg | del.icio.us | Yahoo | BlinkList | Spurl | reddit | Furl |
The latest rumor on Wall St. is that Washington Mutual (WM) will be auctioned off and has retained Goldman Sachs (GS) to handle the deal. According to The New...
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Washington Mutual's new CEO, Alan Fishman, will receive a salary and incentive package worth over $20 million in 2009. Washington Mutual's stock price has dropped over 90 percent in the last 12 months as the struggling bank continues to deal with poor conditions in the credit markets.
When there are no stock Initial Public Offerings(IPOs) hitting the market, Mutual Fund IPOs seem attractive to investors, Since they often tend to think of Mutual fund IPOs in the same vein as they do of stock IPOs. However, there are some fundamental differences that they need to take into consideration. The price of a stock is based on its supply and demand. IPOs often get listed at a premium
What are Mutual Funds?
A Mutual Fund is a pool of money that gives small investors access to a well-diversified portfolio of equities, bonds, and other securities. Each shareholder participates in...
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There has been a lot of volatility in the stock markets. This year, there have been many sharp corrections and rallies in the stock markets. Currently, the Sensex is in the 14,000 levels which is over 30 per cent lesser than its peak in January this year. The net asset values (NAV) of equity mutual funds across the board have taken a beating this year - especially the mid-cap and small-cap focuse
The government effectively placed Washington Mutual on probation. The bank has agreed to file a recovery plan with government regulators and confirmed news that current CEO Kerry K. Killinger will be replaced. WaMu is planning to provide U.S. regulators with a multi-year business plan, which will not require the bank not to raise capital, increase liquidity, or modify products or services.
Market have corrected from 21000 to 15000, so too are the Net Asset Values or NAVs of the Mutual funds. Is a fund with a low NAV a better investment option than a fund with a higher NAV? Since you can buy more units when the NAV is low, isn't it cheaper? Should mutual fund schemes with a higher NAV be avoided? These are questions, which trouble many first-time investors in mutual funds.The answer
What is it?
An investment vehicle that allows small investors to join there money and invest together in stocks, bonds and other investment. The Mutual Funds are professionally managed by a professional money manager.
Risks
The risk depends on the mutual fund type, objective and portfolio. In...
There are many different kinds of investments that you can purchase inside of your 401k, IRA, or other retirement accounts. However, the most common type of investment for your 401k or IRA plan is the Mutual Fund. Before you begin buying mutual funds, it’s helpful to understand how they compare to other popular types of investments, such as ETFs, stocks, and bonds.
This article serves as a tutorial for all those who are new to investment market and especially the Mutual funds. This article helps you best in understanding about mutual funds and their scope as investment tool.
We have been talking about the relationship between Search Engine Optimization and Pay Per Click advertising. There are normal notions among the public that their SEO work will be undermined just because they are not into PPC. The previous discussions from our side also would have given you the input about how PPC can precede [...]
mutual believe and honest happy keynot all pairs can mencipta happiness to tempoh old ones.there only can to perpetuate connection for time range short. not less lonely flutter doesn't can to resque conditon.petua next perhaps may be made pilot to perpetuate connection so that go along way.trust what seen and heard without doubtfulness. for you, what be may be talked about unnecessary menyangsi ke
RELBANK | Reliance Mutual Fund -Banking Exchange Traded Fund (ETF)Reliance Capital Asset Management Limited has informed the Exchange that the Net Asset Value (per unit) of Reliance Banking ETF as on August 22, 2008 is Rs. 580.5540.
RELGOLD | Reliance Mutual Fund - Gold Exchange Traded FundReliance Capital Asset Management Limited has informed the Exchange that the Net Asset Value (per unit) of Reliance Gold ETF as on August 22, 2008 is Rs. 1,143.1124.
Mutual fund is the best investment tool for the retail investor as it offers the twin benefits of good returns and safety as compared with other avenues such as bank deposits or stock investing. Having looked at the various types of mutual funds, one has to now go about selecting a fund suiting your requirements. Choose the wrong fund and you would have been better off keeping money in a bank fixe
UTISUNDER | UTI Mutual FundUti Mutual Fund has informed the Exchange that the Net Asset Value (per unit) of UTISUNDER as on August 21, 2008 is Rs.443.3927.
Reliance Mutual Fund -Banking Exchange Traded Fund (ETF)Reliance Capital Asset Management Limited has informed the Exchange that the Net Asset Value (per unit) of Reliance Banking ETF as on August 21, 2008 is Rs. 574.2246.
Corporate Announcements :Reliance Mutual Fund - Gold Exchange Traded FundReliance Capital Asset Management Limited has informed the Exchange that the Net Asset Value (per unit) of Reliance Gold ETF as on August 21, 2008 is Rs. 1,136.4130.
Benchmark Mutual Fund - PSU Bank Benchmark Exchange Traded SchemeBenchmark Asset Management Company Private Limited has informed the Exchange that the NAV of PSU Bank BeES as on August 21, 2008 is Rs. 195.4231.
Benchmark Mutual Fund-Nifty Junior Benchmark ETFBenchmark Asset Management Co. Pvt. Ltd. has informed the Exchange that the Net Asset Value (per unit) of Junior BeES as on August 21, 2008 is Rs. 70.4593.
Benchmark Mutual FundBenchmark Asset Management Co. Pvt. Ltd. has informed the Exchange that the Net Asset Value (per unit) of Nifty BeES as on August 21, 2008 is Rs. 435.1490.
by: C.C. Collins
The Right Mutual Funds For Baby Boomers By C.C. Collins, Wealth Strategist,
If you are a baby boomer, time is not on your side. Many baby boomers see...
by: C.C. CollinsThe Right Mutual Funds For Baby Boomers By C.C. Collins, Wealth Strategist, you are a baby boomer, time is not on your side. Many baby boomers see retirement age fast approaching with little to nothing in the way of retirement assets that will allow them to actually retire and live a comfortable lifestyle.With the benefit of time in short supply, substantial investment performance
Welcome to the August edition of Hot Mutual Funds and ETFs.
The markets recovered a little during July but they are still down double digit percentages for the year.
The YTD (Year To Date) returns of Dow Jones is -11.86%, Nasdaq is -6.38% and S&P is -11.46%. I'm recommending my subscribers to watch your portfolio very closely in the short term.
Happy Investing!!Mutual Fund Guru ()
Category Ret
While listening to the podcast over at SoundInvesting.com, I was referred to an article by famed investment columnist Jason Zweig. In this article he spoke about the difference between what the mutual funds present as their investment returns in market materials and what individual investors actually made. To get to the point, here is the crux of the argument: The returns earned by mutual fund i
What are Mutual Funds?A Mutual Fund is a trust that pools together the savings of a number of investors who share a common financial goal. The fund manager invests this pool of money in securities - ranging from shares and debentures to money market instruments or in a mixture of equity and debt, depending upon the objectives of the scheme.Why to choose / invest in Mutual Funds?Diversification: Fu
Most people who invest in mutual funds don't know what they are doing. They take advice from someone at a bank or perhaps a friend and plunk down money into a fund. Sometimes this strategy works, but most of the time, it doesn't. When you invest your money in a mutual fund, you are trusting someone to invest in the stock market for you. Because of this, you want to be sure this person knows what h
The mutual fund industry witnessed an over six per cent drop in its assets under management for the second consecutive month in July, led by country's top fund house Reliance MF, which lost over Rs 6,000 crore in the period.The combined average assets under management (AUM) of the 34 fund houses in the country dropped to Rs 5,29,629.46 crore in July, as compared to 5,64,752.76 crore in June, accor
Mutual Funds Idea - DSP ML World Gold Fund: -Current NAV: - 13.19 Rs.Min Investment: - 5000 Rs.Total Assets: - 2062.44 ( June 30, 2008 )Summary: - This is an open ended growth scheme. Launched last September . The fund has never sliped below 10 Rs at which the company gave to the public. Its all time low is 11.50 and all time high is 16.30.This fund basically invests in gold mining compani
Mutual funds fall into three categories:· Equity funds are made up of investments of only common stock. These can be riskier (and earn more money) than other types.· Fixed-income funds are made up of government and corporate securities that provide a fixed return and are usually low risk.· Balanced funds combine both stocks and bonds in the investment pool and offer a moderate to low risk. Whil
Mutual funds are classified on the basis of their underlying investments such as debt, equity or balanced funds. There are two broad categories:1) Close-ended fund (CEF) Under a CEF, investors have to lock their investment for the period specified in the offer document issued at the time of the launch of the fund. The investors can buy units directly from the fund only during the ‘new fund offer
by Karla Arguello, MBATo the unsuspecting investor, all mutual funds might look the same. In fact they are not. With over 25,000 mutual funds now available in the marketplace, it’s important to understand how one fund might vary from its peers. Mutual funds come in all shapes and sizes and often represent distinct categories of the market. This article will focus on the differences in cost s
Mutual Fund Terminology:Load refers to the sales charges added to a mutual fund when you purchase it. The load charge goes to the fund salesperson as a commission and payment for their research services. Load charges can be up to 3.5 percent of the selling price and can be figured in as a front-end load (meaning you pay it when you buy the mutual fund) or a back-end load (meaning you pay when you
A mutual fund is a company that pools investors' money to make multiple types of investments, known as the portfolio. Stocks, bonds, and money market funds are all examples of the types of investments that may make up a mutual fund.The mutual fund is managed by a professional investment manager who buys and sells securities for the most effective growth of the fund. As a mutual fund investor, you
Today, I am adding a very interesting article. I am sure, this will be very helpful to lots of people because, this is a clear cut comparison between mutual funds and fixed deposits. This article revealing the advantage and disadvantage of both investment instruments as well as cross comparing major benefits.Fixed Deposits are the favorite for low risk profile people but who are unaware about the
Mutual Funds are a long term investment. Period. Nothing short-term about them, no day trading. They are meant for the serious investor that is willing to take the time needed to grow their wealth over a long period of time. Why are mutual funds like that? Well, a mutual fund is a collection of stocks, bonds or money market securities, which have been bundled together in one offering based on not
Washington Mutual, the Seattle based S & L is recently facing market stress with their second quarter earnings report showing that the company lost $3.3 billion. Today the nation’s largest thrift sold off again on concerns that they may be losing some of their sources of funding. The challenging aspect of this is that Washington [...]
Welcome to the July edition of Hot Mutual Funds and ETFs.
The markets are still very brutal and as evident from the category returns all categories, except Natural resources and Precious metals, are down almost double digits percentages.
The YTD (Year To Date) returns of Dow Jones is -17.98%, Nasdaq is -17.90% and S&P is -17.81%. I'm recommending my subscribers to watch your portfolio very closely
Three of the biggest lenders in the subprime marketplace were Countrywide, Indymac and Washington Mutual. In a post written 11 months ago, we reported that all three institutions had cut back dramatically on these types of loans as well as on 2nd mortgages and other more risky loans. Within the last 2 weeks, 2 of these institutions are no longer around as stand alone companies. Countrywide was spa
Compare Mutual Funds-Tips For Finding The Top Ones To Reach Your Financial GoalsBy: Josh NeumannMany people want to know how to compare mutual funds to make the right decision. There are obviously many factors at work here. First of all, you need to determine if investing in this vehicle is right or you.Generally speaking, a mutual fund is for people who arent very financially educated, and really
We expect mutual funds to perform roughly in line with the respective average - actually, we expect mutual funds to beat their average because we pay management fees to the fund managers. What happens when a given fund grossly underperforms its benchmark?
The famous Legg Mason Value Trust (ticker: LMVTX) is such a fund that has [...]
How are capital gains of a resident of India on investments made in a fund based in Vienna under the US$ 200,000/- scheme treated under Indian Income Tax laws assuming 1. We are paying tax on such profits abroad and 2. No tax is paid abroad.Ambareesh Baliga , Mumbai As per Section 5 of the I T Act, global income of a resident of India is taxable in India at the rate prescribed under Income Tax A
A lot of us wonder which way is better: investing in the market through the mutual fund or direct share trading? In fact, mutual funds are advisable for small investors. Also your money is diversified across various sectors and various companies, which means the risk factor is relatively less compared to what it would be if you invest in equity directly. Direct equity certainly entails a high amo
If I were invested in a mutual fund, I would feel comfortable knowing that the fund manager had a stake in it. MarketWatch’s Chuck Jaffe discovered that this isn’t the case on many occasions. He wrote Monday:
Alas, all too often it’s not and the fund managers don’t have enough belief in what they are doing [...]
Bollywood actress Amrita Arora and her London-based English cricketer beau have called off their four-year-old relationship. The relationship had been under some strain for the past few months but last week, the split became official. It is believed that it was a mutual decision to go their separate ways. Says a source close to the [...]
Bollywood actress Amrita Arora and her London-based English cricketer beau have called off their four-year-old relationship. The relationship had been under some strain for the past few months but last week, the split became official. It is believed that it was a mutual decision to go their separate ways. Says a source close to the actress, "It was a difficult break-up as both had been very
Amrita Arora and her London-based English cricketer beau have called off their four-year-old relationship. The relationship had been under some strain for the past few months but last week, the split became official. It is believed that it was a mutual decision to go their separate ways. Says a source close to the actress, "It was a difficult break-up as both had been very committed for the
