Investment and Financial Advisory Services

Investment Services

Everyone needs to save for rainy days, even the ants prepare for the winters and save food. Investment can be done for emergencies, growth or special needs. Once you have completed your investments for emergencies you should start thinking about investing and see your money grow. In today’s volatile world everyone wants to park their investment in secured funds. Bonds are the most secured source of investment by the government. There are hoards of investment options in the markets; we bring a few for you:

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Infra Bonds

Infrastructure bonds are those bonds the proceeds of which are invested by the company in the infrastructure facilities of the country. Such bonds carries a fixed rate of interest to be paid at the time of maturity.

Infrastructure bonds are long term investment bonds issued by any non banking financial company like Industrial Finance Corporation of India or IDF. These companies are an ombudsman borrowing from the investors and lending to the government. These bonds are used to fund government's infrastructure projects. Thus an individual is directly helping in nation development. There is an additional advantage of tax benefit under the 80CCF 1981 to the tune of 20000 rupees.

Today these bonds have become a tool of tax planning. If a person is investing in infrastructure bonds, he / she will be eligible for deduction upto maximum of Rs.20,000.00 every financial year.

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RBI Bonds

RBI Bonds tenur is 5 years and you get 8%per cent interest and is completely tax free. You can invest minimum of Rs 1000 and the maximum Rs 2 lakh per individual per year (365 days from the day you first invest in the bond; it does not refer to calendar or financial year).

Here are some of the more elaborate details:
• You may invest in your name, or on behalf of a minor, or jointly with others. Non-residents are allowed to invest too.
• Sorry, no premature encashment allowed here. You may take a loan against these bonds. Any bank
would be willing to lend against them.
• RBI Bonds are issued in two forms - either as promissory notes (like bonds of other institutions) or by an entry in the Bond Ledger Account with the RBI itself. The second choice is a bit complicated. Also, you can't switch from one form to another.

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Capital Gain Bonds

Capital bonds are being issued as 'Long term specified assets' within the meaning of Sub- Section 54-EC of the Income Tax Act, 1961. Those desirous of availing exemption from capital gains tax under Section 54 EC may invest in these bonds. Capital gains arising from transfer of Long-term capital assets can be invested in these bonds within a period of six months from the date of transfer of the asset for getting exemption from the capital gains tax.

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NSC savings / MIS / Senior Citizen Schemes

National Savings Certificate(NSC) is an Investment alternative developed by Government of India with an intention to induce persons to a saving habit and to develop National Savings. National Savings Certificate is issued through Post Offices; they are the nodal agency which makes it available to the common public.

Following are the conditions to purchase a National Saving Certificates in India:
• Should be an Indian Resident
• Should be an Individual or Trust
If you satisfy the above two conditions, then you may approach your nearest Indian Post Office and make a requisition for the same. Investment in NSC India can be made in the name of Single Holder, Joint name or in the name of Minor Child.

Monthly Income Scheme(MIS) is generally suited for retired employees or senior citizens who have invested high sum of money in post office. It is one of the safe methods to get a regular monthly income with the rate of interest being 8 percent and a maturity period of six years.

Monthly Income Scheme (MIS) Account:
• Safe & sure way to get a regular monthly income.
• Specially suited for retired employees/ Senior Citizens or any one with high sum for investment.
• Rate of interest 8.2%.
• Maturity Period - Five Years.
• No Bonus on Maturity w.e.f. 01.12.2011.
Auto credit facility to SB Account.

Senior Citizen Saving Scheme (SCSS) are the best for Senior Citizens who desire monthly/quarterly interest. Invest in MIS / SCSS and transfer interest into RD account through SB account through written request and earn a combined interest of 10.5 % (approx.).

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Mutual Funds

A Mutual fund is an asset management company which pools together funds from a lot of people with common interest. The pool of money is called a corpus. The fund manager or the divides the corpus and invest it in multiple areas like equity, debentures, bonds depending on the objective of the scheme.

Investment in mutual funds has lot of benefits:
a) Professional expert : A dedicated expert called the Asset Manager manages your funds in different areas. The fund manager keeps on looking for better options and avenues to invest money in. He keeps track of market on continuous basis and takes corrective action when required.
b) Diverse investment: By choosing a mutual fund you can select diverse options to invest in. The fund manager based on your distribution invests percentage of amount in different investment options. By this distribution of funds in equity and debentures the risks are greatly reduced.
c) Flexibility: Using different plans and features like Systematic Investment Plan (SIP) you have the flexibility to invest in small amounts.
d) Liquidity: Investments in mutual funds are completely liquid and can be redeemed at their net asset value at any given day.

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Life Insurance

Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is a loss of income to the household. The family is put to hardship. Sometimes, survival itself is at stake for the dependants. Risks are unpredictable. Death/disability may occur when one least expects it. An individual can protect himself or herself against such contingencies through life insurance.

Life insurance is insurance on human beings. Though Human life cannot be valued, a monetary sum could be determined which is based on loss of income in future years. Hence in life insurance, the Sum Assured (or the amount guaranteed to be paid in the event of a loss) is by way of a ‘benefit’ in the case of life insurance. Life insurance products provide a definite amount of money to the dependants of the insured in case the life insured dies during his active income earning period or becomes disabled on account of an accident causing reduction/complete loss in his income earnings.

There are a number of life insurance products which offer protection and also coupled with savings.
A term insurance product provides a fixed amount of money on death during the period of contract.
A whole life insurance product provides a fixed amount of money on death.

An Endowment Assurance product provided a fixed amount of money either on death during the period of contract or at the expiry of contract if life assured is alive.

A money back assurance product provides not only fixed amounts which are payable on specified dates during the period of contract, but also the full amount of money assured on death during the period of contract.

An annuity product provides a series of monthly payments on stipulated dates provided that the life assured is alive on the stipulated dates.

A linked product provides not only a fixed amount of money on death but also sums of money which are linked with the underlying value of assets on the desired dates.

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Car Insurance

Car insurance technically provides protection against the losses incurred as a result of unavoidable instances. It helps cover against theft, financial loss caused by accidents and any subsequent liabilities. The cover level of Car insurance can be the insured party, the insured vehicle, third parties (car and people). The premium of the insurance is dependent on certain parameters like gender, age, vehicle classification, etc. Car insurance gives confidence to drive fearlessly but at the same time should follow the traffic rules. In emergencies it acts like a boon to the insurer.

Motor Insurance involves two types of coverage:
Liability Only Policy: This cover shields you from any legal liability resulting from accident of your vehicle. The coverage includes death, injury or property damage to third party. This cover does not cover damage to the vehicle. Liability Only Policy is legally mandatory in India under the Motor Vehicles Act, 1988.

Package Policy: This is comprehensive cover which includes not only liability cover but as well as damage or theft of the vehicle. This cover though is not mandatory but is recommended.
Motor Insurance protects one of your most cherished possessions. It also safeguards you from legal liability in case of third party liability.

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