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Ways to Create Wealth

Funds, we help you:
  • Efficiently reinvest your dividends
  • Purchase in small amounts, so it's easy to get started
  • Add MF accounts as often as you want
  • Reduce risks via diversification
  • Get rollovers in your IRA investment and retirement plans
  • Handle your paperwork and much much more
Create wealth via Mutual Funds:

We help you create wealth through mutual funds and forgo the market risk factor by the "averaging technique" via SIP (Systematic Investment Plan) and STP (Systematic Transfer Plan).

How it works:

SIP is a bit by bit systematic investment. Under this plan, your investments are staggered i.e. you invest a fix sum either monthly/quarterly in a mutual fund. Say, for example, you commit to invest a pre-specified amount (Rs. 500 onwards) every month/ quarter in a mutual fund. You fix a date on which every month/quarter the amount gets invested. The first investment has to be by a cheque and then you can either give Post-Dated Cheques (PDCs) or opt for Electronic Clearing System (ECS).

In ECS, you give permission for the amount to be directly deducted from your bank account on the fixed due date. The units are allocated as per the then prevailing NAV on that day of the month. You get more number of units if the NAV is low and vice versa if the NAV is high.

Want to know more? Contact our financial advisor today.


Here's a comprehensive list of basic terms used in Taxation:

Financial Year (FY) – Duration of one year between 1st April to 31st March of the following year, in which all financial information are reported. The current financial year is 1st April 2010 to 31st March 2011.

Assessment Year (AY) – The income of a particular financial year is assessed in the following financial year, which is known as the assessment year. For the current financial year, income will be assessed in the assessment year 2011-2012.

Previous Year (PY) – The financial year preceding the assessment year, the income of which is assessed in the following assessment year. Assessment year 2011-2012 will assess income for previous year 2010-2011.

Income Tax Slabs

With the upward revision of the tax slabs, there would now be more savings for the consumers. Basic tax exemptions limits have been retained; however, the brackets have been broadened.

Below are the income tax slabs and rates applicable for the current financial year 2011-12 and assessment year 2012-13.

Taxable Income Tax Rate
Up to Rs. 200000 (Men) NIL
Up to Rs. 200000 (Women) NIL
Up to Rs. 250000 (Sr. Citizen age - 65 yrs.) NIL
From Rs. 200000 to 500000 (Men)
From Rs. 200000 to 500000 (Women)
From Rs. 250000 to 500000 (Sr. Citizen age - 65 yrs.)
From Rs. 500000 to 1000000 (Men)
From Rs. 500000 to 1000000 (Women)
From Rs. 500000 to 1000000 (Sr. Citizen age - 65 yrs.)
Above Rs. 1000000 (Men)
Above Rs. 1000000 (Women)
Above Rs. 1000000 (Sr. Citizen age - 65 yrs.)
* Increase in base income tax slab of men and senior citizens.
* Tax exemption limit remains the same i.e. Rs. 20,000 on investment in tax saving Infrastructure bonds.
* Senior citizen age reduced from 64 years to 60years.
* People above 80 years of age to be included in the newly introduced 'Very Senior citizen' category.