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Dear All, Warm Greetings ! Would like to know : How much money will I need for retirement. ? How much money will I need to invest per Month or annually or lump sum to attain required corpus ? To know about same, Click below link https://docs.google.com/forms/d/1dHwzf7a-m6SFqY0aaUIivPdhghkZu8Kt197F7Ke-i7I/viewform#start=embed Or give us a Miss call on 9891645052 Thanking you Sent from BlackBerry® on Airtel

Coal India stake sale tomorrow; floor price fixed at Rs 358 Coal India stake sale tomorrow; floor price fixed at Rs 358 The government today fixed Rs 358 a share as the floor price for up to 10% stake sale in Coal India tomorrow, which may help the exchequer garner about Rs 22,600 crore in the biggest sale of shares. The floor price or minimum selling price is nearly 5% below today's closing price of Rs 375.15 a share. The government is selling 31.58 crore shares, or 5% stake, in a public offer with an option to sell another 5% through offer for sale (OFS) or auction route. CIL has reserved 20% shares for retail investors who will also get 5% price discount. "The President of India, acting through and represented by the Ministry of Coal, Government of India is the promoter of Coal India Limited (the "Seller") has now informed BSE that the floor price for the Sale in terms of the SEBI OFS Circular shall be Rs 358 per equity share of Coal India Limited (the 'Floor

After children, their grandchildren become an important part of life for grandparents, who often want to pour their love and blessings in the form of monetary gifts. However, most of the grandparents wish to make a difference in their grandchild's life through adopting wise investment decisions. One such tool is an investment in the name of minor grandchild in mutual funds by the grandparents.   It is a known fact that mutual funds do not accept third-party payments for investments. However, the rule allows a parent/grandparent to invest on behalf of their minor child. But, the amount under such arrangement should not exceed Rs. 50,000, while the required documentation has to be fulfilled by the investor. Some of the conditions applicable on a grandparent investing for their minor grandchild is as under:   Maximum Amount: A grandparent cannot invest over Rs. 50,000 for total SIP or purchase.   PAN and KYC: Grandparent has to submit his Pan Card and KYC acknowledgement in orde

MUMBAI: The Reserve Bank of India cut interest rates on Thursday by 25 basis points to 7.75 per cent in a surprise inter-meeting cut, yielding to growing signs of slowing inflation and a flagging recovery. The wholesale price index for December, released on Wednesday, rose just 0.11 per cent year-on-year compared with a 0.6 per cent jump forecast by economists in a Reuters poll. Wholesale prices were unchanged in November. In a statement, the RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target. "These developments have provided headroom for a shift in the monetary policy stance," it said. Economics Times Sent from BlackBerry® on Airtel

An aggressive retirement planning option Reliance Mutual Fund recently got the government nod to launch a pension plan. This is the third such plan from a fund house. The first two — from UTI MF and Franklin Templeton MF — were launched 15 years ago. The fund house's plan is the first to offer an aggressive equity option to investors. Its Wealth Creation Plan option will invest anywhere between 65 per cent and 100 per cent of the corpus into equities and up to 35 per cent in debt and money market securities. The two existing pension schemes,  Franklin India Pension Fund and UTI Retirement Benefit Pension Fund, invest up to 40 per cent in equities and the rest in fixed income instruments. "We intend to create wealth over the long term. The equity-oriented plan will be run like a balanced fund. It will be a diversified portfolio with 65-75 per cent in large caps and the remaining in quality mid caps," said Sunil Singhania, chief information officer (CIO), equity, Reliance M