How to plan to buy a flat saving on Tax?

I am doing a small business in Bangalore. I want to use the sale proceeds of my share of ancestral property in Kerala to buy a flat in Bangalore with the support of a housing loan for the balance amount. Would you please tell me how to plan things such as transfer of the fund from Kerala, etc. with respect to tax issues? What documents I will have furnish to Tax authorities. Your advices Please Thank you!

How does New Jeevan Shree (LIC) Policy work?


I have taken New Jeevan Shree policy from LIC in the year 2002. I have been paying premiums of Rs. 15999/- semi annually for the last 6 years. I do not know much details about this policy and would like to know if continuing the policy is beneficial or terminating the policy and investing the surrender values somewhere else gives me better returns.

ULIP or Endowment Plan which is the best for me to invest 5k pm each for my retirement n my daughter’s future?

Hi All,
I am pretty confused whether to take up a LIC or a Ulip for the long term investment. After searching the net and taking to the agents I am totally lost.

My budget is 10k pm. Out of that I want to invest 5k for my 11/2 yr daughter’s bright future and 5k for my retirement and insurance.

Can anyone pls suggest me any good Child Ulip which will cover the life of both the parents as almost all the Ulips cover only the father or the person on whom the Ulip is taken.

Coming to my retirement and insurance(both the combination), pls suggest me with the best plans available in the market(both endowment and ulip)

Also if I allocate the funds in my Ulip in such a way that most of my money will be invested into debit instruments and less into equities then will this secure my returns?? In which charges will be more, Ulip or LIC… ?

Thanks so much,

Is index fund better than mutual fund?


I came to know that index funds are invested on index based companies & gives returns based on the tolerances etc…..
My question
-which one is gud , index fund or mutual fund.
-Is Index fund is good for short term(1-2years) or long
term investment(3-5 years).
-may I know what would be the avargae annual return
for an index fund approximately.

Can any one of you suggest me which one is the best
index fund & how to get it?


How to select one particular mutual fund for investment?

Suppose there are 4/5 mutual funds which all seem very good in terms of return. If I am planning for long term investment, how do I choose say 2 of them for investment through SIP? How to compare various important factors, in particular, how to decide if in future, the fund will perform well? (all MFs give warning like this: past performance is no indicator of future performance). Can you suggest any good websites which help in this regard?