Download Tax Saving Mutual Fund Application Forms
Invest In Tax Saving Mutual Funds Online
Leave a missed Call on
94 8300 8300
Fixed obligation to income ratio (FOIR)
Here, the bank takes into account the instalments of all other loans previously availed by the prospective borrower, including the home loan applied for. This ratio includes all the fixed obligations that the prospective borrower is supposed to pay regularly on a monthly basis. The fixed obligations here do not include statutory deductions from salary like Provident Fund, professional tax and deductions for investments such as Voluntary Provident Fund, insurance etc.
For example assume a prospective borrower has:
Income: Rs 2 lakhs per month
Car loan instalment: Rs 15,000 per month
Personal loan instalment: Rs 5,000 per month Proposed housing loan instalment: Rs 50,000 per month
Accordingly, the FOIR is 35 percent (Rs 70,000 minus all loan instalments divided by the monthly income). In case the bank has a standard of 25 percent of FOIR, the instalment amount the prospective borrower can pay will be Rs 50,000 per month. As he is already paying Rs 20,000 per month towards the car and personal loans, he has Rs 30,000 left, and the loan will be calculated taking Rs 30,000 per month as his housing loan repayment capacity. Accordingly, the housing loan amount will be reduced.
The quantum of dividend shall be Rs 0.0389 per unit. The record date has been fixed as April 03, 2014.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them
OR
You can write back to us at
PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Any Fund Application Forms
---------------------------------------------
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Franklin India Bluechip
- ICICI Prudential Top 100 Fund
B. Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Birla Sun Life Front Line Equity Fund
- Franklin India Prima
C. Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Birla Sun Life Dividend Yield Plus
- SBI Emerging Businesses Fund
- HDFC Mid-Cap Opportunities Fund
- ICICI Prudential Discovery Fund
D. Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
2.Franklin India Smaller Companies
E. Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- ICICI Prudential Banking and Financial Services Fund
F. Tax Saver Mutual Funds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
G. Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
- Birla Sun Life Gold
H. International funds Invest Online
1. Birla Sun Life International Equity Plan A
2. DSP BlackRock US Flexible Equity
3. FT India Feeder Franklin US Opportunities
4. ICICI Prudential US Bluechip Equity
5. Motilal Oswal MOSt Shares NASDAQ-100 ETF
0 comments:
Post a Comment