Why Liquid Fund Should Replace Your Savings Account !

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Time for investment in Liquid fund  has arrived ! Media report suggest that Short-term interest rates rose during last week, as banks push loan growth to shore up their balance sheets and meet half-yearly targets. In such case , on of the best method to earn income from surplus funds you have in your savings...

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IRDA Allows Late Claim of Insurance !

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IRDA , on receiving several complaints that insurance claims are being rejected on the ground of delayed submission of intimation and documents has issued CIRCULAR NO. IRDA/HLTH/MISC/CIR/216/09/2011, DATED 20-9-2011 to mitigate hardship faced by insurers . One of the conditions of insurance policy is lodging claim with  the insurer within prescribed number of days ....

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8 Types of Mutual Funds Terms Simplified !

There are so many types of mutual funds these days , that many time investor get confused about them as the nomenclature changes , when the mutual fund companies pitch for marketing its plan. Therefore, the readers are made aware about different kinds of classification  of mutual fund plans Equity Funds Main objective of this...

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What is Money Market Fund ?

A money market fund is a mutual fund that invests mainly in Treasury Bills, Repurchase Agreement (popularly known as Repos ) and Commercial Papers. However, Treasury Bills make up the bulk of investments by money market fund .Money market fund is generally the safest and most secure of mutual fund investments with the prime intention ...

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Exemption of interest on post office savings account capped at Rs 3500 exempt

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Now Savings account maintained with post office will not give you interest income exempt without any cap.Now government has capped tax free interest on savings account with post office-Individual accounts -Rs 3500 and in case of joint account Rs 7,000. In exercise of the powers conferred by sub-clause (i) of clause (15) of Section 10...

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