Top Recommended Mutual Funds

Liquid Funds

 Large Cap Funds

 Small Cap Funds

 Balanced Funds

Source: Crisil fund Analyser

BSE in Collaboration with Morningstar Launches Mutual-Funds Website

BSE Ltd. (formerly Bombay Stock Exchange Ltd.), Asia’s oldest stock exchange, in collaboration with Morningstar India, launched a dedicated website to empower investors with relevant information and tools on evaluating mutual fund investment opportunities.

According to Morningstar India, the website would provide rich content to the users and would make available our proprietary data points, including our style box, star ratings and analyst ratings

BSE StAR MF is the leading stock exchange's traded mutual fund transaction platform and allows subscription and redemption in 29 MFs. These mutual funds together account for over 92 per cent of the industry's Assets Under Management.

The URL of the website is: http://bseindia.morningstar.in

How to Change your name in your PayPal account

Changing your name in your PayPal account

Please make sure that the name associated with your PayPal account exactly matches the name on your bank account statement. Otherwise, transfers to and from your PayPal account will not go through, and a return fee will be charged.

Personal and Premier account holders

Contact Customer Service if you need to change the name we have on file for you. Click Help on any PayPal page and select Contact Us.You may make this change for reasons such as a legal name change, a spelling mistake, or to add a secondary last name. For security reasons, you will need to provide supporting information. It’s not possible to put your bank account in another person’s name.

Business account holders

If your bank account is in your own name, you’ll need to switch to a PayPal Premier account to make transfers. The only difference between a Business and Premier account is that with a Business account you make transactions using a company or group name, and with a Premier account you make transactions using your own name. Please contact Customer Service to switch to a Premier account or to change the contact name for your business account. Click Help on any PayPal page and select Contact Us.

No nomination in PPF will result in paying only one lakh irrespective of amount you have in your PPF account???

what happens to a PPF account in event of the depositor's death? If a PPF account holder dies and there is no nomination, who gets the deposited amount?

 Nomination is very important in PPF. If you have Rs 10 lakh in your public provident fund (PPF) account and you have not nominated anyone for your PPF account, your legal heirs will get maximum of Rs1 lakh only! Yes, it’s so important to have a nominee.

 If the amount is up to Rs. 1 lakh, the accounts office will pay it to the legal heirs of the deceased on receipt of application in prescribed form.

PPF Rule related to Nomination & repayment after death of subscriber



(1) subscriber to the fund may nominate in Form E or, as near thereto as possible, one or more persons to receive the amount stading to his credit in the event of his death before the amount has become payable or, having become payable , has not been paid.

Note:- Nomination may also be made in respect of an account opened on behalf of a Hindu Undivided Family (HUF).

(2) No Nomination shall be made in respect of an account opened on behalf of minor.

(3) A nomination made by a subscriber may be cancelled or varied by a fresh nomination in Form F or , as near thereto as possible by giving notice in writing to the Accounts Office in which the account stands.

(4) Every nomination and every cancellation or variation thereof shall be registered in the Accounts Office and shall be effective from the date of such registration, the particulars of which shall be entered in the pass
book.

(5) If any nominee is a minor, the subscriber may appoint any person to receive the amount due under the account in the event of the death of the subscriber during the minority of the nominee.

(6) Notwithstanding the provisions contained in paragraph 9- which says

a. If a subscriber to an account in espect of which a nomination is
in force dies, the nominee or nominees may make an application in Form G or, as near thereto as possible, to the Accounts Office together with proof of death of the subscriber and on receipt of such application all amounts standing to the credit of the subscriber after making adjustment, if any, in respect of interest on loans taken by the subscriber shall be repaid by the Accounts Office itself to the nominee or nominees. Provided that if any nominee is dead, the surviving nominee or nominees shall, in addition to the proof of death of the subscriber, also furnish proof of the death of the deceased nominee.

b. Where there is no nomination in force at the time of death of the subscriber, the amount standing to the credit of the deceased  after making adjustment, if any, in respect of interest on loans taken by the subscriber, shall be repaid by the Accounts Office to the legal heirs of the deceased on receipt of application in Form G in this behalf from them.

Provided that the balance up to Rs. 1 lakh may be paid to the legal heirs on production of (i) a letter of indemnity, (ii) an affidavit, (iii) a letter of disclaimer on affidavit, and (iv) a certificate of death of subscriber, on stamped paper, in the forms as in Annexure to Form G.

(7) A subscriber to the Fund cannot nominee a trust as his nominee.

Also check click link : PPF limit raised to one lakh
PPF will get higher rate of return from December 1, 2011

Source:  http://www.indiapost.gov.in/posbacts/ppfrules1968.pdf

Deduction under section 80CCF

Section 80CCF: Infrastructure Bonds – (maximum Limit Rs. 20,000) 


Budget 2010 has introduced one more avenue for you to save tax – Infrastructure Bonds

An investment upto a maximum of Rs. 20,000 in infrastructure bonds would be deductible from your taxable income. Thus, your taxable income would reduce by the investment you make in these infrastructure bonds, subject to an upper limit or ceiling of Rs. 20,000.

In accordance with Section 80CCF of the Income Tax Act, the amount, not exceeding Rs. 20,000 per annum, paid or deposited as subscription to Long Term Infrastructure Bonds during the previous year relevant to the assessment year beginning April 01, 2011 shall be deducted in computing the taxable income of a Resident Individual or HUF.

Please remember that the deduction with the investment in these Bonds is over and above the tax deduction of Rs. 1,00,000 available under Section 80C, 80CCC and 80CCD read with Section 80CCE.

The budget did not specify the exact bonds that qualify for investment under section 80 CCF – these would be notified by the government from time to time.

However, infrastructure bonds issued by both public sector / state owned companies as well as private sector companies would qualify for investment under this section. This is unlike the past trend – till now, only government entities were allowed to issue infrastructure bonds.

The money raised through these bonds would be primarily invested in infrastructure projects – building of roads, ports, airports, power plants, etc. These investments are of long term duration, and therefore, these bonds too are expected to have long tenures – 10 years or more.