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Thursday, May 03, 2007

Avoid last minute rushes

Benefits that ELSS and ULIPs offer are definitely alluring. Higher returns, a 30% tax benefi t on the investment amount, zero capital gains tax, tax-free capital appreciation et al, are lucrative offers by all measures. ULIP combines the dual portfolio of investment and insurance into a single entity. ULIPs have received overwhelming response as they relieve the investment and insurance seeker from the hassle of tracking a portfolio of products. ELSS, on the other hand, can be looked at as tax saving options with high equity exposure. They feature funds that have to keep at least 80% of their cash invested in equity at all times. But a stampede towards investing in these funds at the end of the financial year to save taxes dilutes the basic principles of investment. As Amit Saxena, CEO, Planman Financial, voices, “A last minute dash would more oft en than not leave an investor in schemes that match neither his needs nor requirements.” That’s one reason this column comes at the start, and not at the end of this financial year; plan ahead :-)

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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The ‘Learning Happiness’ course at the Harvard Business School now attracts the maximum

number of applicants. But this article is not about the course, but something closely related, yoga! With grueling work hours, stressful schedules and uncompromising lifestyles, the quest for human happiness is increasing; and to that extent, the yoga philosophy is increasingly being seen as a ‘must-add’.

Latest statistics are eye opening. Around 70,000 trainers are known to now impart the practice and knowledge of yoga to around 30 million people in North America alone. Not only individuals, but government offices, police, military, therapist, schools and media are also capitalising on this 5,000 years old art of living. The yoga market offers everything ranging from teachers, corporate portfolio, accessories, yoga mats, equipment, instructional books and DVDs to tours to India. But most stunningly, recent studies show that while US now spends close to $2.95 billion on yoga classes alone, the size of the yoga industry now is, phew, $30 billion! It’s quite clear that the emphasis on the quest for human happiness has the potential to not only change the world, but also to add to global GDP figures! There’s perhaps only one other ‘happiness’ industry that’s as good, if not better, in sales. April 2007 saw CNN reporting the global porn industry to be worth $57 billion... ahem!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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