Commodity brokers are now engaged in collecting margins from their clients. Most of the exchanges have enhanced margin requirement for holding commodity future positions by 20-30%. In last 3-4 days,Gold and silver fell as shown in table below. Name Price as on 22nd Sept Price as on 26th Sept. % Fall Gold 28030 25800 8%…
IFCI Infrastructure Bonds Issue -Series3.
After completing series-1 and 2 in last financial year,IFCI has come up now with infrastructure bonds issue with tax benefits U/S. 80CCF. IFCI Tax Saving Infrastructure Bonds Issue: 1.Issue start date: 21st Sept. 2011. 2.Issue close date: 14th Nov. 2011. 3.Deemed date of allotment: 12th Dec. 2011. 4.Allotment: Both physical and demat mode.Trading is allowed…
Case Study: LIC Money Back Policy
Yesterday I received one cheque of Rs.40,000 from LIC India as survival benefit of its money back policy with sum assured of 2lac.I have bought this policy in 2001 and it was second benefit I received.I thought why not to do some calculation with some of the assumption as stated below. Assumptions: 1.Premiums paid monthly…