Micro SIP - Cancelled for want of KYC (Started in pre pan Era)

Dear Friends,
  
I have a doubt in the following case:


When a sip is started as a Micro sip, or pre compulsory pan era now when the client has obtained a pan and submitted a pan to the AMC, why are they canceling the SIP for want of KYC, if any one at least in the AMC side could justify the same I would be happy and update myself.


Regards,
Alagappan
ARN- 3912
9841055577

THIRD PARTY DECLARATION required or not?

Dear All,

In the following scenario THIRD PARTY DECLARATION required or not?

1.    Investment minor through guardian----

2.    Guardian --- Mother

3.    Mother investing on her Son’s Name

4.    Cheque signed by mother – name is also printed in the cheque. ( Payment from mothers bank a/c)

5.    Application signed by mother

6.    Mother name mentioned in the Son’s birth certificate

7.    Investment amount  Rs.2000/-  per SIP

Regards

Barathwaaj

Inheritance

Dear Colleague,

Greetings!

A client is 80 yrs old with substantive investments in Mutual Funds and Stocks.

Most are in single holding with wife as nominee.

How ensure transfer of these assets to their children after the demise of both husband and wife.!.Foolproof in law!

Grateful if some one could advise me.

Thanks n Regards,

Joy Koruthu

ARN 12252

Diff between Year to date and One year Return?

Please clearfy the term trailing returns "Year-to-date". 


What is the basic difference between "1-year-Return" and "Year to date" return".

Thanks & Regards,

Surinder Singh

Certified Financial Advisor LIC of India | Wealth Management Consultant,  

#1312/9, PhaseXI, Mohali -160062 PUNJAB, INDIA| +919814186640| invest.grow.secure@gmail.com

New Pension Scheme (NPS)

I am an Adviser of various mutual fund. ( IFA) ARN : 63950 . Would you kindly advise me how I distribute NPS product to my customer. 

I am from Kolkata. 

Thanks & Regards

 

SOMNATH BANIK ARN - 63950

Form 15 G / 15 H by person earning taxable income

     Can a person earning taxable income give form 15G / 15 H for not deduction TDS on his investment?  So that he can pay advance tax on his own.

STT (Securities Transaction Tax)

1  What is STT?  What is its implication on being charged in the equity fund? If there is a short term loss in an equity fund and if STT is charged, can it be claimed as refund or adjusted with other gains?

Income tax Clubbing Provision U/s. 64

     Which is a wise decision?

 Giving a Gift to Wife and investing that money in her name 

   Or 

 Giving a Loan to avoid clubbing provision.

Annual Information Report - AIR

    What is AIR (Annual Information Report)?

    Why the investor above 2 lakh in Mutual Fund must file this?

Service Tax

While charging the Advisory fees to my clients should I collect Service tax too? 


If yes is there any basic exemption limit?


When should I register with the Service tax Authorities

About Nomination in Mutual Fund

OTHER THAN INDIVIDUALS WHO ALL CAN BE THE NOMINEES TO A MUTUAL FUND?

HOW THE PROPOSED  NON-INDIVIDUAL NOMINEE WOULD  COME TO KNOW ABOUT THEIR NOMINATION AFTER THE DEATH OF INVESTOR

 

-  Boodugere Nagaraj

   ARN  5746

Please Advice what is Long Term

Dear CFP's and Advisers,


I have a problem now please advice me on this.


What is the correct way of creating wealth,


If your answer is SIP for Long Term.


Then what according to you is long term.


Case- I: 


I have done a 30 months (2 1/2 Years) SIP as of current date in a conservative balanced fund,  now when I tried taking report for my client I am shocked to see a return of mearly 1.72 % till date.  


My client says,  "Even a liquid fund could have given a better return." 


What should I do now?
     



Case- II:  


I have done 69 months (Almost 6 years) SIP till date for another client his return is hardly 7 % till date annulasied what should I do now.
    
I ask you friends only if the fund value increases our trial will Increase, if we give these kind of fund we will get only less trial.



Please Guide . . . . . . . . .  share your views under comments below or write to ifagalaxy@gmail.com (we were told people with hotmail id is not able to post)


Regards,
Alagappan
9841055577