Under current income tax exemption rule..

1: Investment upto ` 20,000 is exempted if the security is notified under infrastructure bond U/S 80CCF.

2: IFCI has lunched the infrastructure bond with 80CCF benefit.

The detail of the same as the under:

Yet, tens of thousands are making this costly mistake.

Tens of thousands of investors, Reserve Bank of India data show, are making a costly mistake. This is to stop their Systematic Investment Plans (SIP) in equity and balanced mutual funds when the stock market enters a correction phase after a boom. RBI’s 2008-09 annual report said around 400,000 investors had closed their mutual fund SIP accounts.

While I am flattered with the comments and encouraged by the criticism on this column from my readers, one common question seems to be nagging

them: how do they find the right financial advisor? A financial advisor is not a ready off-the-shelf product. Just as you would exercise due diligence in finding a life partner, I recommend that you make sure that your match with your advisor is made in heaven. Here is a quick checklist that may help.

Life insurance in India is sold by agents or financial advisors or consultants. According to me, they are actually sold by teachers: there is so much that we can learn from them, and mainly from their mistakes. Examine these selling tools they use and check our list to find out how many of these errors we have made by listening intently to what they said.

The jury may still be out on the recently-introduced New Pension Scheme. However, what one can’t deny is that it has generated a lot of interest among people about retirement planning—especially among those employed in the private sector without a pension cover for retirement. Consultants say most queries about NPS often turn to questions like “do you think I should put extra money for retirement?’’ or “do you think I will have enough money on retirement?’’.

This is not a pontification by any stretch of imagination. What I seek to deliver is a bunch of simple, ready-to-use tips which will apply possibly to each one of us, not only in 2010, but beyond.