The willingness to share does not make one charitable; it makes one free. ~Robert Brault

DMAT and TRADING ACCOUNT-Accurate Analysis @throw away Price!

If you want to open DMAT & TRADING account(Equity- Commodity), with attractive brokerage rates and exhasutive product features, All type of suppport Please send a mail to with subject line as "I NEED AN ACCOUNT" With your contact number and Address(Will be used to Courier the Forms).

If you want LOAN (Any Type) Please send a mail to with subject line as "I NEED LOAN(Mention Type of Loan required)" With your contact number.

Please Share Blog address among your Contacts/FB/Orkut/Social Network so that every one will get benefited.

"Let us grow together"

Thursday, February 17, 2011

Appointing a nominee for your investments

Manyof us invest in shares, deposits and mutual funds without bothering to fill upthe nomination details. Since choosing a nominee is not mandatory while makingan investment, the decision is often postponed. 
However, this process simplifies for nominees the realisation of investment proceeds in case of the originalinvestor’s demise. This is even more critical when an investment is heldin one person’s name since death makes it difficult to access his fundstill several formalities arecompleted.

If nominees havebeen appointed, they can produce basic documents, such as a death certificate,to access the funds. The absence of a nominee may require more documentation,such as the probate of will and certified list of legal heirs, before theinvestment can be transmitted or withdrawn. Nominees are deemed to hold theinvestment proceeds in a trust if it is disputed by legal heirs, pending adecision by thecourts.

Documentation: Most investment forms provide a space for selecting a nominee. If it is notfilled up at the time of investing, other prescribed forms can be used later.

Multiplenominees: Most investments allow more thanone nominee and the percentage of share that each would be entitled to.

Signature: The nomination form has to be filled up by all joint holders, irrespective ofthe mode of operation of theinvestment.

Transmission: Nominees can have investments transferred in their names for redemption later.For this, they need to complete the KYC and PANformalities.

Pointsto note

Whocannot nominate : Kartas of HUFs and powerof attorney holders are not authorised to make or change nominations or beappointed as nominees to aninvestment.

NRIs: Non-resident Indians can be named as nominees of investments made in rupees.However, the proceeds cannot be repatriated and have to be continued to be heldinrupees.

Whocan be the nominees: Certain investmentspermit the nomination of a trust, religious or educational institutions. Othersonly permit individuals to benominated.

Courtesy Centre for Investment Education and Learning(CIEL)

Six smart things to know about Monthly Income Plans (MIPs)

1) MIPs are schemes created by mutual funds that seek to generate regular income. There is no guaranteed rate of return.

2) MIPs invest primarily in debt instruments, but hold a small portion in equity (between 5 and 35%), to enable growth in investments.

3) Investors can choose from growth and dividend options in an MIP, depending on their need and tax status.

4) Investors choosing a growth option can redeem a part of their units regularly using a systematic withdrawal plan to generate regular income.

5) Withdrawals are subject to capital gains tax, but an investor who falls in the tax-free or low-tax category, can use it to reduce his tax outgo.

6) The dividend distributed by an MIP is tax-free in the hands of the investor, but is given after a dividend distribution tax has been paid directly by fund.
Courtesy : Centre for Investment Education and Learning (CIEL)

Note: If you are interested in monthly returns Open DMAT and Trading account with us and become fund manager of your money.