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Sreekanth Reddy
Works at ReLakhs.com
Attended Financial Planning Standards Board of India
Lives in Bangalore
208 followers|39,479 views
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Communities
Work
Occupation
Blogging, Financial Couseling, Property Consultancy
Skills
Financial Planning
Employment
  • ReLakhs.com
    Certified Financial Planner, present
  • Tata Consultancy Services
    TLM Specialist, 2008 - 2009
  • HCL Technologies
    TLM Specialist, 2006 - 2008
  • Ocwen Financial Solutions Pvt. Ltd
    Floor Lead - US Mortgages, 2004 - 2006
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Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Bangalore
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Contributor to
Story
Tagline
ReLakhs.com ( Be in the Know.. Financially )
Introduction
Founder, Certified Financial Planner and Blogger @ www.relakhs.com
Education
  • Financial Planning Standards Board of India
    Financial Planning, 2009 - 2009
    Certified Financial Planner
  • ICFAI Business School
    2003
Basic Information
Gender
Male

Stream

Sreekanth Reddy
owner

Discussion  - 
 
Muthoot Finance's latest NCD Issue - Should you invest? :

Muthoot Finance is proposing to offer Secured & Un-secured NCDs in Jan 2017.

The Rate Of Interest ranges from 8% to 9.25% depending on the category of investor and tenure of the NCDs.

NCD Issue opening Date : 17th January, 2017
Issue Closes on : 17th February, 2017.

Kindly note that the basis for Allotment is 'First come, First served' basis....

(Continue reading this post @ http://www.relakhs.com/muthoot-finance-jan-2017-ncd-issue/ )

#MuthootNCD #NCD #LatestNCDs
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Sreekanth Reddy
owner

Discussion  - 
 
Mutual Fund Direct Plans Vs Regular Plans :

The Direct plans of MF Schemes were introduced exactly four years back ie in Jan 2013.

Since then, due to the lower costs of the direct option, the assets under management (AUM) of direct plans have steadily increased.

What are these Direct plans?

Comparison of Returns between Direct Plans and Regular Plans of top performing Equity Mutual Fund Schemes (2017).

( Kindly read updated article @ http://www.relakhs.com/mutual-fund-direct-plans-vs-regular-plans/ )

What are Direct Plans? Mutual Fund Regular Plans Vs Direct Plans Returns comparison. How to invest in Direct Plans online?
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Sreekanth Reddy
owner

Discussion  - 
 
Health Insurance Cover:

Difference between Individual Health Insurance Plan & Employer provided Group Health Insurance Cover.

Pros & Cons...

(Continue reading this post @ http://www.relakhs.com/employer-based-health-insurance-plans-vs-individual/ )

Kindly note that this is a guest post by Shikha of ComparePolicy.

Shikha is an author of 4 books on the subject matter of Insurance & Taxation for the Pondicherry University & Narsee Monjee University. She is a seasoned insurance professional with an experience of more than 9 years in varied domains which include insurance underwriting, training and content development. 
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Sreekanth Reddy
owner

Discussion  - 
 
Latest IRDA's data on Incurred Claims Ratio - Health Insurance Vertical.

What is Incurred Claims Ratio?

Incurred Claims Ratio Vs Claim Settlement Ratio.

2015-16 ICR data of Non-life & Stand-alone Health Insurance Companies....

( Continue reading this post @ http://www.relakhs.com/latest-irda-incurred-claims-ratio-2015-16-health-insurance/ )

#HealthInsurance #ICR #IncurredClaimsRatio
What is Incurred Claim Ratio? Difference between Incurred Claims Ratio & Claim Settlement Ratio. ICR details of all Non-Life & Stand-alone Health Insurance Companies 2015-16....
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Sreekanth Reddy
owner

Discussion  - 
 
Reliance Home Finance Ltd : Latest NCD Public Issue

Reliance HFL is proposing to issue Secured & Un-secured Non-Convertible Debentures.

Proposed Issue opens on 22nd Dec, 2016.
Base Issue size is Rs 1,000 cr.
.
Coupon Rate / Rate of interest : The ROI ranges from 8.70% to 9.40% depending on the category of investor and tenure of the NCDs...

(Kindly continue reading this post @ http://www.relakhs.com/reliance-home-finance-ncds-2017/)

#NCDs #NonConvertibleDebentures #RelianceHFLNCDs 
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Sreekanth Reddy
owner

Discussion  - 
 

Best Mutual Fund Schemes to invest in 2017 :

Top Performing Equity funds.

Best Large, Diversified, Mid & Small cap, ELSS tax saving & Balanced funds.

My Mutual Fund portfolio....

(Kindly continue reading @ http://www.relakhs.com/best-mutual-fund-schemes-2017/)

#BestMutualFunds #TopMutualFunds #BestSIPs 
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Communities

Sreekanth Reddy
owner

Discussion  - 
 
Popular & Best Company Fixed Deposit Schemes 2017 :

Corporate Deposit Schemes are quite popular among retail investors, because these schemes offer better Interest Rates than Bank Fixed Deposits.

Current popular Company Fixed Deposits list.
Should you invest in them?

How to choose best Company Fixed Deposit scheme? Important factors that one needs to consider before investing in CFDs..

How to check if a Company can collect Deposits from the public?...

( Continue reading update article @ http://www.relakhs.com/best-company-fixed-deposits-fd-schemes/ )

#CorporateFixedDeposits #CompanyFixedDeposit
What are the factors to be considered before investing in a Company fixed deposit? Bank deposits Vs company deposits? Is it possible to buy corporate FDs online?
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Sreekanth Reddy
owner

Discussion  - 
 
Latest update :

No change in Post Office Interest Rates up to quarter ending 31.03.2017.

PPF @ 8%
Sukanya Samriddhi Account @ 8.5%
Senior Citizen Savings Scheme @ 8.5%
5 Year NSC @ 8%....

(Old post url @ http://www.relakhs.com/small-saving-schemes-interest-rates-2016-2017-fy/ )
Interest Rates of Small Saving Schemes to be recalibrated w.e.f. 1.4.2016 on a Quarterly Basis. Lower Interest rates on KVP, 5 year RD & less than 3 year Time Deposits..
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Sreekanth Reddy
owner

Discussion  - 
 
SREI Equipment Finance Ltd's NCD Issue :

Reliance Home Finance NCD issue has been over-subscribed by 3 times on Day 1 itself (22nd Dec).

Looks like there is lot of demand for NCDs :)

SREI EFL is proposing to offer Secured NCDs in Jan 2017.

The Rate Of Interest ranges from 8.6% to 9.75% depending on the category of investor and tenure of the NCDs.

Kindly note that the basis for Allotment is 'First come, First served' basis...

( Continue reading this post @ http://www.relakhs.com/srei-equipment-finance-jan-2017-ncd-issue/ )
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Sreekanth Reddy
owner

Discussion  - 
 
IRDA's Latest Annual Report 2015-16 :

Latest Death Claim Settlement Ratio of Life Insurance Companies 2015-16.

Top Life Insurance Companies in India based on CSR.

(Continue reading this post @ http://www.relakhs.com/irda-claim-settlement-ratio-2015-16/ )

#ClaimSettlementRatio2016 #CSR

Latest Individual Death Claim Settlement Ratio Data based on IRDA's annual report 2015-16. CSR of LIC, SBI Life, ICICI Pru Life....
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Sreekanth Reddy
owner

Discussion  - 
 
New Income Declaration Scheme - Online Filing Procedure :

A Tax evader can disclose his/her Undisclosed income online through Income Tax Dept's e-Filing portal.

The new online facility has now been enabled.

How to file Undisclosed Income online under PMGKY Scheme? (Pradhan Mantri Garib Kalyan Yojana)

Step by step detailed guide on how to declare undisclosed income (Black-money)...

What are Form 1 & Form 2?
What is the total Tax rate on such disclosed income?....

(Kindly continue reading this post @ http://www.relakhs.com/declare-undisclosed-income-pmgky-online/)

#Blackmoney #PMGKY2016 #IDS2016 #NewIncomeDeclarationScheme

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Sreekanth Reddy
owner

Discussion  - 
 
A welcome move by UGC (University Grants Commission)….

To safeguard student’s interests, UGC has come up with new rules regarding verification of certificates during admission, remittance of fees and refunds;

• From now on, no Higher Education institute shall insist upon a student to submit the original academic, personal certificates and testimonials like mark-sheets, school leaving certificates and other such documents while submitting Admission form.

• Institutes shall physically verify the original documents at the time of admission and return those immediately. However, the educational institutes can keep the attested copies.

• UGC has also clarified that it will not be mandatory for Applicants to purchase the institute’s Prospectus at any time during the course of the study programme.

• The institutes are not allowed to collect Total fees for the entire program in advance. The institutes can charge fees in advance only for the semester or year in which a student is to engage in academic activities.

• The institute shall follow a four-tier system for refund of fees remitted by the student;
i) If a student gives notice of withdrawal of admission to the institute 15 days before the formally notified last date of admission,not more than 10 per cent of the aggregate fees as processing charges from the refundable amount can be deducted.
ii) In case the notice is issued after 15 days, 80 per cent fee should be refunded.
iii) If it is more than 15 days but less than 30 days, 50 per cent fee should be refunded.
iv) If it is after 30 days, there will be no refund.

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