Franklin Templeton MF declares dividend

Franklin Templeton Mutual Fund has announced dividend under the following schemes. The record date for declaration of dividend is September 27, 2013.

Templeton India Income Fund - Dividend Plan & Direct - Dividend option: Individuals & HUF: 0.13,1 Others: 0.111
Templeton India Income Builder Account - Plan A & B - Quarterly Dividend Option & Plan A - Direct - Quarterly Dividend Option: Individuals & HUF: 0.175, Others: 0.149
Templeton India Income Builder Account - Plan A & B - Half Yearly Dividend Option & Plan A - Direct - Half yearly Dividend Option: Individuals & HUF: 0.306, Others: 0.261
Templeton India Government Securities Fund - Composite Plan - Dividend Plan & Direct - Dividend Option: Individuals & HUF: 0.043, Others: 0.037
Templeton India Government Securities Fund - Long Term Plan - Dividend Plan & Direct - Dividend Option: Individuals & HUF: 0.043, Others: 0.037
Templeton India Government Securities Fund - Treasury Plan - Dividend Plan & Direct - Dividend Option: Individuals & HUF: 0.052, Others: 0.044
Templeton India Short Term Income Plan - Retail Plan - Quarterly Dividend Option & Direct Plan - Quarterly Dividend Option: Individuals & HUF: 17.518, Others: 14.926
Templeton Floating Rate Income Fund - Retail Plan - Dividend Option & Direct -Dividend Option: Individuals & HUF: 0.175, Others: 0.149
Templeton India Low Duration Fund - Retail Plan - Quarterly Dividend Plan & Direct - Quarterly Dividend Option: Individuals & HUF: 0.153, Others: 0.130
FT India Monthly Income Plan-Plan A & B - Quarterly Dividend Option & Plan A - Direct - Quarterly Dividend Option: Individuals & HUF: 0.131, Others: 0.111
FT India Life Stage Fund of Funds - 50s Plus Plan - Dividend Plan & 50s Plus Plan - Direct - dividend Option: Individuals & HUF: 0.131, Others: 0.111
FT India Life Stage Fund of Funds - 50s Plus Floating Rate Plan - Dividend Plan & 50s Plus Floating Rate Plan - Direct - dividend Option: Individuals & HUF: 0.131, Others: 0.111

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Wealth of Beauty

100% FDI in telecom

Government has approved 100 per cent foreign direct investment (FDI) in the telecom sector on August 01, 2013. It has been decided to increase FDI cap in telecom to 100 per cent from 74, up to 49 through automatic route and beyond that FIPB.

The idea behind increasing the FDI limit in the telecom sector is to help the industry get fresh funds to lower financial burden. The moves brings relief for foreign partners in telecom companies as they can have complete ownership of the business. "Foreign investors will no longer need to partner with Indian investors in order to comply with regulatory requirements".
Industry analysts believe 100 percent FDI in the telecom sector can attract investment of USD 10 billion in near to long term.

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Saniya Mirza Video

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Fund to Buy: Birla Sun Life Frontline Equity Fund - Plan A (G)

Investment Objective: An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200.
Fund Type: Open-Ended
Investment Plan: Growth
Launch date: Aug 30, 2002
Benchmark: S&P BSE 200
Asset Size (Rs cr): 2,935.67 (Dec-31-2012)
Minimum Investment: Rs.5000
Fund Manager: Mahesh Patil
Exit Load: 1.00%
Load Comments: Exit Load of 1% if redeemed within 365 Days from the date of allotment.
Website: http://www.birlasunlife.com

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Property Rate in Mumbai 2013

Central Suburbs     Capital Values Rate/Sq ft (INR)
Ambernath               2500 - 3800
Badlapur                  2300 - 2600
Bhandup                  8000 - 9500
Byculla                    12000 - 22000
Chembur                 9500 - 15000
Dadar                      20000 - 31000
Dombivali                3500 - 5000
Ghatkopar East       8500 - 18000
Ghatkopar West     8500 - 13000
Kalyan                   3500 - 4500
Kanjurmarg            8500 - 10500
Kings Circle           10000 - 17000
Kurla                     8500 - 14000
Mulund                  8000 - 10000
Powai                    9000 - 15000
Sion                       11000 - 25000
Thane                    6000 - 8700
Vikhroli                 8500 - 12000
Wadala                 8500 - 15300
Navi Mumbai
Airoli                    6500 - 7200
CBD Belapur       5500 - 8000
Kalamboli            3500 - 4600
Kharghar             4500 - 7500
Kopar Khairane   6000 - 7500
Nerul                   6000 - 10500
Panvel                 3300 - 6500
Sanpada              7000 - 9500
Vashi                   7000 - 10000
South Mumbai
Altamount Road   45000 - 72000
Bombay Central   20500 - 32000
Churchgate          26500 - 44000
Colaba                32000 - 48000
Cuffe Parade       35000 - 71000
Kemps Corner    36000 - 58000
Lower Parel        21000 - 38000
Mahalaxmi          21000 - 42000
Malabar Hills      45000 - 76000
Marine Drive      25000 - 40000
Nariman Point    58000 - 92000
Nepeansea Rd   47000 - 74000
Peddar Road     32000 - 56000
Prabhadevi        22000 - 45000
Shivaji Park       18000 - 30000
Walkeshwar      38000 - 70000
Warden Road    35000 - 60000
Worli                 25000 - 48000
Western Mumbai
Andheri East     12000 - 15000
Andheri West    13000 - 17000
Bandra East      17000 - 27000
Bandra West     26000 - 42000
Borivali East      9000 - 12000
Borivali West     9500 - 13500
Goregoan East   10000 - 12000
Goregoan West  11000 - 12500
Kandivali East    9000 - 12000
Kandivali West   9700 - 14000
Khar East          14000 - 20000
Khar West        22000 - 31000
Malad East       8000 - 12000
Malad West      9000 - 13000
MiraRoad Est   4500 - 5500
Naigon East     3000 - 3500
Santacruz East  14500 - 21000
Santacruz West 16000 - 22000
Vasai                 3300 - 3700
Vile Parle East   16000 - 21000
Vile Parle West  19000 - 23000
Virar                  3500 - 4500

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Income Tax Slab for year 2013-14

This is an easy to use table of the latest income tax slab rate for individuals for year 2013-2014. It is per union budget 2013-2014 presented on 28 February 2013.

India Income tax slabs 2013-2014 for General tax payers and Women

Income tax slab (in Rs.)	Tax
0 to 2,00,000	No tax
2,00,001 to 5,00,000	10%
5,00,001 to 10,00,000	20%
Above 10,00,000	30%

India Income tax slabs 2013-2014 for Senior citizens (Aged 60 years but less than 80 years)

Income tax slab (in Rs.)	Tax
0 to 2,50,000	No tax
2,50,001 to 5,00,000	10%
5,00,001 to 10,00,000	20%
Above 10,00,000	30%

India Income tax slabs 2013-2014 for very senior citizens (Aged 80 and above)

Income tax slab (in Rs.)	Tax
0 to 5,00,000	No tax
5,00,001 to 10,00,000	20%
Above 10,00,000	30%

- In addition an rebate of Rs 2000 will be available for income less than Rs 5 lakhs.
- Income above 1 crore to attract 10% tax surcharge.

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