Jump to content
Reliance Jio & Reliance Mobile Discussion Forums

luvrit

Members Group
 View Profile  See their activity

  • Content count

    38

  • Joined

  • Last visited

  • Days Won

    1

Posts posted by luvrit

  9. Posted · Report reply

    i hv reliance tower in my bldg. but since 3 months, network hs become terrible. lodged complaint, forwarded to appellate. for few days, all was fine, but again back to terrible network.

    at home hv to do various yoga poses to get the connection.

    of three cdma nos, switched one to reliance gsm and it s smooth.

    thinking of other two also to switch to reli gsm.

  13. Posted · Report reply

    Not sure where to put this....

    http://timesofindia.indiatimes.com/tech/tech-news/hardware/US-house-passes-bill-on-mobile-phone-unlocking/articleshow/31043987.cms

    US House passes bill on mobile phone unlocking

    Reuters | Feb 26, 2014, 04.25 PM IST

    Samsung-Apple.jpg
    The US House has passed a bill that would give mobile users the right to unlock their devices and use them on competitors' wireless networks.
    WASHINGTON: The US House of Representatives has passed a bill that would give mobile phone users the right to unlock their devices and use them on competitors' wireless networks, although Senate action was uncertain.

    The House approved the bill easily, by a 295-114 vote, although some Democrats had pushed back against what they said was a last-minute Republican maneuver to change the legislation.

    It is not known whether the Senate will consider the bill.

    US wireless carriers often tether, or lock, smartphones to their networks to encourage consumers to renew their mobile contracts. Consumers, for their part, can often buy new devices at a heavily subsidized price in return for committing to long-term contracts with a single carrier.

    Major carriers, including Verizon Wireless, AT&T, Sprint, T-Mobile US and US Cellular, in December made a voluntary pledge to make it easier for consumers to unlock their cellphones, under pressure from consumer groups and the Federal Communications Commission.

    Under current law, those unlocking their phones without permission could face legal ramifications, including jail.

    The notion of undoing that law has had wide support from Republicans and Democrats since the bill's introduction in the House in 2013.

    But the bill's author, Representative Bob Goodlatte, a Virginia Republican, added language after the bill had been approved by a partisan majority of the House Judiciary Committee, banning "bulk unlocking."

    Consumer advocates have argued that customers should be allowed to sell their old devices to third parties that could unlock phones in bulk, something the wireless industry opposes.

    Four Democrats, led by California Representatives Zoe Lofgren and Anna Eshoo, wrote to their colleagues on Tuesday to protest the bulk unlocking exclusion.

    The new provision "could undercut an important court decision that protects consumer choice and prevents monopolistic practices. We cannot in good conscience support a bill that risks giving up so much for so little gain," the Democrats said.

    A consumer rights group, Public Knowledge, last week suspended its support of the bill.
    • Like 3

  15. Posted · Report reply

    the concept is gr8 looking the future inflation in prices....

    but still i wont go for any membership.

    the major reason:

    current no. of members are 167838 (as on 31 dec 2013)

    current no. of rooms 2430

    if u take each room gives 50 weekly vacation, so No. of weekly vacation rooms are 2430*50= 121500. Now this no. is smaller than no. of members

    secondly, in summer - everyone wants to go to north india

    in winter: every one wants to go to south india

    they open booking 6 months in advance.

    i am too certain for myself that i wont do planning 6 months in advance.

    The second reason:

    i been to couple of resorts and they r gr8 except food. as locations are far away , u need to depend for food on them

    for a person: breakfast is 350 + lunch 450+ dinner 450. i can opt for a la carte. still per person per day wont be less than 1000 means couple per day is 2000.

    (source: http://www.clubmahindra.com/sites/default/files/investor_news/Investor_Presentation_January_2014.pdf )

  18. Posted · Report reply

    Hitesh bhai, i am looking to invest a small amount of money to makee it tax free.. which plan should i go for ?

    Actually TAX FREE is confusing when it comes to investments. Let me clarify..

    1 is TAX FREE at the time of entry.

    2nd TAX FREE at the time of maturity

    I am not sure which one are you referring. So, I will explain all the 3 cases.

    Investments done in instruments approved under Sec 80C can be considered for INCOME TAX exemption. The max limit for this is 1 lac. So, if your annual taxable income is say 4 lacs & you invest 1.5 lacs in 80c approved investments, you will get exemption of max 1 lac n u have to compute tax as per 4 lacs.

    Now, 80C instruments as available are :

    1. PPF - Lockin 15 yrs. Someone expert in PPF can give more insight. (strictly not lock in of 15 years. u can withdraw money in between. there are conditions applied, which i dont remember off hand. but best would be not to withdraw)

    2. ELSS Mutual Funds - Lockin 3 years - means u cannot withdraw before 3 yrs from date of investment, at any cost.

    3. Tax Savings FD - lockin 5 yrs n at current interest rates

    4. Life Insurance (Endowment / Term / ULIP)

    5. Contributions to Provident Fund

    6. Principal component of home loan

    Anyone looking to take benefit under sec 80c, i would recommend to 1st go for term plan. Then add total investments / contributions towards PF and Home Loan principal. Now, whatever amount is required to complete 1lac, can be divided between PPF & ELSS. So for ex. your residual amount that you have to invest in 80C come to 60k then u can invest 10-15k per year in PPF & rest in good ELSS funds by way of monthly SIP.

    This ratio of PPF vs MF can be decided depending upon age of investor. In earlier ages i.e 25-35, one can keep higher allocation to MF n then later on higher allocation to PPF.

    Some of the good ELSS funds are 1. Franklin India Tax Shield 2. ICICI Pru Tax Plan 3. HDFC Tax Saver

    Now, coming to 2nd part, i.e. TAX FREE at the time of maturity, if you are referring this, we will discuss below.

    Investments in :

    FD are taxable as per tax slabs

    Debt Funds are taxable under heads Short Term Capital Gains if held less than 1 yr n taxable under heads Long Term Capital Gains if held for more than 1 year.

    In case of STCG, you have to pay tax as per slabs

    In case of LTCG, you have to pay tax @ 20% after indexation benefit or 10% on total profit, whichever is less.

    Equity Funds are also taxable under heads Short Term Capital Gains if held less than 1 yr n taxable under heads Long Term Capital Gains if held for more than 1 year.

    But, STCG for equity funds is 15% irrespective of slab &

    LTCG in case of equity funds.

    So, to answer your question, if you are seeking tax free returns, you can choose any equity fund n preferably choose SIP mode. Hold them for 1 yr n then they are tax free.

    Also, let me add, dividends in MF are paid from out fund itself. That means, after payment of dividend, our fund value comes down by that amount. But then those dividends are tax free. So, my advice would be to opt for dividend plan in any equity mf investment. Be it ELSS or non ELSS. Also apply for Dividend sweep plan to any debt fund. By this, we are automatically booking profits every year n the amount is invested in safe investment earning 8%.

    If dividend is taken as payout in bank, 99% chances are we end up using that amount for useless things.

    Some top rated funds you can choose are

    Aggressive - (Risky but may give good returns in 10+ yrs horizon)

    1. HDFC MidCap

    2. ICIC Prudential Discovery

    3. Birla Sunlife Mid Cap

    4. Reliance Small Cap

    Diversified - (Stable funds with 5+ yrs horizon)

    1. HDFC Equity

    2. ICICI Prudential Dynamic

    3. Franklin India Prima Plus

    4. IDFC Premier Equity

    Conservative (preferabley large cap or hybrid with 3+ yrs horizon)

    1. HDFC Prudence

    2. ICICI Pru Focused Bluechip

    3. Franklin India Bluechip

    4. Birla Sunlife Frontline Equity

    Invest in any of the above funds based on your horizon n hold them for good time. You will get tax free return for every particular installment that is held for 1 yr.

    I am currently hospitalized since last week and must stress the need for hospitalization cover and mediclaim - medical expenses are extremely high

    Good thread OP, voted up

    I will read in more detail later but for the moment could you please advise on

    - mediclaim (struggling to get cover for my parents who have just turned 60 and have diabetes/cardiac disease background)

    - pet (dog) insurance (very popular abroad but almost unknown here)

    Thats a very good question. Many of my clients are stuck in getting coverage for their parents. For 60+, I have 2 options which i suggest for my clients.

    1. Star Health Senior Citizen Red Carpet

    No tests needed. Only limitation of this product is company will pay 70% of claim amount for all claims n for pre-existing diseases (PED), claim amount is 50%. So in your case, claims related to diabetes n cardiac would be paid only 50%.

    2. National Insurance tailor made product with Bajaj Capital

    This is most suited for such cases. You pay premium as per your age n your parents are covered in your premium Again no tests needed & claims paid 100%. Known PED covered after 4 years. Premiums are very reasonable. Only catch is you should be existing customer of Bajaj Capital. So, what you could do is, buy any liquid fund for 10k with them, get the policy, redeem the fund. This is 1 time process. Renewals would be easy. You can check Bajaj Capital branch in your city. If you are unable to hunt, let me know I will guide you.

    Will let you know about pet insurance. Just tell amount of insurance that you require.

    i ll jus add some more....

    Term Insurance is something i ASK all my business associates, seniors, juniors, friends and all.....

    I believe this is the most effective and most economic insurance policy. it covers pure risk and they dont return the premium paid and hence very cheap. For age 35, Rs 1 cr policy for 20 years duration is between 10k to 20k p.a. for different cos. if u take endowment or any other traditional policies, premiums would be in excess of 1 lakh for sure and then after 10-15-20 years they wud return money which generally works out interest rate of 6-7%.

    better would be buy term policy and rest u invest in tax free bond which currently gives u 8.5-9%. or invest in PPF

    second investment avenue is PPF. three main advantages: one is tax free, two is almost RISK free, three is: this PPF fund can not be attached by any one. this means that even if one is declared bankrupt, court can not seize this account and u need not legally pay from this account. one can invest max. Rs 100000 a year. current rate is 8.7% tax free (changes every year) .

    Rs 100000 a year for 20 years can create wealth of Rs 49 lacs. (see calculation and assumption in attached file)

    in India, where there is no social security, this is one of the best avenue in my opinion.

    Hope u like this. Thanks

    Rohit bhai... That was perfect.. But I guess your calculation is incorrect. The final amount should be 52.45 lacs. I think u forgot to calculate interest on investment amt for that year. I may be wrong. Pls recheck. ( you r right. ... so corpus grows :hypocrite: . my assumption was that i invest on las day except for first year. but generally ppl invest at begining of the year)

    If we leave this attaching thing, i guess if we have holding period of 15 yrs, we should go for riskier investments i.e MF than investing in PPF just for 8.5%. It hardly beats inflation.

    Though its just my view n there must be some allocation to PPF. (I dont have any for myself though)

    Hitesh Bhai as mentioned by Luvrit can you suggest some good term insurance policy thinking of getting one since some time now.

    This is a very good invective hope you don't issues with me sharing on a FB group as group is for travelers for the accident linked insurance.

    I would suggest you to go for any online term insurance. They are pretty cheap. You dont need any agent n end up saving commissions.

    Aviva has 2 plans n 1 is payment of full sum assured at occurrence of event & other one is payment of sum assured in staggered manner.

    I think the 2nd one is good. The dependents can get continuous payouts at regular intervals.

    Here is the link :

    Aviva i-Life Aviva i-Life Secure

    Other options to consider are

    HDFC Life Click2Protect

    Birla Easy Protect - This is not available openly but thru agents. check with some birla agent.But still, premium is cheaper than HDFC. Let me know your details like
    DOB
    Smoking Habits
    Required Sum Assured. I will give u amount from my agent portal.

  19. Posted · Report reply

    Hitesh Bhai as mentioned by Luvrit can you suggest some good term insurance policy thinking of getting one since some time now.

    This is a very good invective hope you don't issues with me sharing on a FB group as group is for travelers for the accident linked insurance.

    For term policy, i myself as Birla Sun Life HNI term, which is offline

    one of my frds have taken HDFC Click2protect online, where premiums are really low. For online plans, claims might be an issue. so i prefer good old method: go thru agent who is in full time business

  20. Posted · Edited by luvrit · Report reply

    i ll jus add some more....

    Term Insurance is something i ASK all my business associates, seniors, juniors, friends and all.....

    I believe this is the most effective and most economic insurance policy. it covers pure risk and they dont return the premium paid and hence very cheap. For age 35, Rs 1 cr policy for 20 years duration is between 10k to 20k p.a. for different cos. if u take endowment or any other traditional policies, premiums would be in excess of 1 lakh for sure and then after 10-15-20 years they wud return money which generally works out interest rate of 6-7%.

    better would be buy term policy and rest u invest in tax free bond which currently gives u 8.5-9%. or invest in PPF

    second investment avenue is PPF. three main advantages: one is tax free, two is almost RISK free, three is: this PPF fund can not be attached by any one. this means that even if one is declared bankrupt, court can not seize this account and u need not legally pay from this account. one can invest max. Rs 100000 a year. current rate is 8.7% tax free (changes every year) .

    Rs 100000 a year for 20 years can create wealth of Rs 49 lacs. (see calculation and assumption in attached file)

    in India, where there is no social security, this is one of the best avenue in my opinion.

    Hope u like this. Thanks

    ppf magic.xlsx

    • Like 2

  24. Posted · Report reply

    there s inspection for auction to be held at Jinah Hall, Congress house, Mumbai (Disclaimer: place name shud not be construed as my affinity to named party) of watches, electrical equipment, furniture, collectibles and so on.

    i had gone there few months back when there was auction of american centre. had bid for unused crockery - gold plated but was off the mark by huge margin. was very close on unused and original tag heuer. but seeing the other person's aggression , i dropped from bid.

    this time sellers name is not mentioned.

    Inspection time: tmrw 10 am to 5.30 pm

    Auction: day after tmrw - saturday 10.30 am onwards

    some time, one can grab amazing deals.

    • Like 1
×