The Bihar Webzine

A group of "Friends of Bihar", located across the globe and most of them not having met the other guys, came together to create a Webzine on Bihar. And it saw a mighty successful launch on Facebook!

This Webzine will be a quarterly feature. Articles , features, advertisement etc are welcome from all members.

www.facebook.com/groups/bihar

Bihar Society:

PDF format:
https://sites.google.com/site/biharsociety/BiharSociety.pdf?attredirects=0&d=1

PPT format:
https://sites.google.com/site/biharsociety/BiharSociety.pptx?attredirects=0&d=1

Social Entrepreneurship Jobs
https://docs.google.com/document/d/1aOhsgnIyHTUTBWXN0GBikmX5ny-LciDScAeWjzCvzD0/edit?hl=en#

Check out the web magazine which consists of 44 pages of information and showcases the Bihari enterprise.

THE BIHAR

View more documents from Santosh Pandey.

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India's first online weekly on Personal Finance

UTI Fixed Maturity Plan

We saw a review of FMPs and here's an announcement

UTI MF announced the launch of UTI Fixed Maturity Plan - Yearly Series - February 2011 (YFMP 02 / 11) and the details are as given below: UTI Fixed Maturity Plan - YFMP (02 / 11) Launch Date/Specified  Transaction Date  (in case of  interval fund) Last Date Maturity Date Minimum Amount Entry Load 16-Feb-2011 21-Feb-2011 March 23, 2012  10,000 (Retail)   1 Cr (Institutional) Nil

Who should Invest? For all class of investors i.e. Corporates , HNIs , MNIs & Retail who have a pre  decided investment horizon.   - As a prudent investor one needs to have a proper asset allocation in place     and FMPs offer that much-needed stability to the investment portfolio.   - Thus, even aggressive investors who normally prefer equity investments     should invest a part of their corpus in FMPs. Investors who are not satisified with the returns from conventional  fixed income avenues FMPs are ideal for   - Risk-averse investors who seek safe avenues for investment and     in the process keep money in the form of bank deposits   - Investors who want to park money for a fixed period of time with a     view to meeting certain financial goals in near future

The Tax Angle In the case of FMPs the return can be in the form of dividend or  capital appreciation depending upon the option of the investor   - Dividend is tax free in the hands of the investor while the fund     has to incur a Dividend Distribution Tax   - In the case of investments for more than a year and under     growth option, long-term capital gains tax at 11.33% (without     indexation benefit) and 22.66% (with indexation benefit) is applicable

Ranjan Varma
Blog; Website; Software

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