Saturday, August 18, 2012

A Basic Knowledge About The Sim Card.

                                              


This Is an Basic Knowledge About The Sim Card.
Sim Cards Are Of 4 Types
As Below
H1
H2
H3
H4
H1= U Will Get Noraml Network On This Sim
H2= U Will Get Better Network On This Sim Means Strong
H3= U Will Get More Better Network On This Sim Means Stronger
H4= Sim Means You Will Get The Strongest NetWork On This Sim.

Basicaly H4 Sim for Corporate Sim Army Peoples Etc
Bt Some Comapny Provide This To Normal People Also.
Why Comapany Doesn't ProvideThis Sim To all User Because This Sim eat More bandwidth.
So How To Know That Wich Type Of Ur Sim is ???
Just Chk Its Back Side

Thursday, August 9, 2012

SEBI exempts PAN for MF investments up to 50,000; experts say this will boost industry


Capital market regulator SEBI has decided to exempt the requirement of permanent account number (PAN) for investments (both lump sum and SIPs) up to Rs 50,000 per mutual fund, per year. Now, instead of PAN, investors can submit their voter identity card, passport or driving license for photo identification. The rule is applicable with immediate effect.
Earlier investors were allowed to invest up to a maximum of Rs 50,000 per year across all mutual funds and a PAN card was mandatory to comply with KYC.
“Micro schemes such as systematic investment plans of mutual funds, micro products of micro finance institutions, up to Rs 50,000 per year per investor shall be exempted from the requirement of PAN. Such schemes may be operationalized with other standard specified identification instruments such as Voted ID Card, Government/Defence ID Card, card of reputed employer, driving license and passport. As per the Ministry of Finance circular, investments in mutual fund schemes (including investments in SIPs) of up to Rs 50,000 per investor per year per mutual fund shall be exempted from the requirement of PAN,” states a SEBI communication dated 24thJuly addressed to AMFI.
“Earlier, investors were allowed to invest up to a ceiling of Rs 50,000 across all AMCs. Now technically you can invest Rs 50,000 in each AMC. There are separate set of KYC guidelines for this rule. These investments are now exempt from PAN. KYC is mandatory even now. However, small ticket size investors can invest without a PAN by submitting either their passport or driving license as a proof to comply with KYC,” says an operations head of a leading fund house.
Industry experts say that such a move will boost investments particularly from smaller towns. The move is likely to give a breather to mutual fund advisors who have been complaining about the complexity of KYC requirements. For instance, an investor can invest Rs 50,000 without a PAN card in each AMC. Technically, he/she can invest Rs 22, 00,000 across 44 AMCs. 
Officials say that earlier there was no mechanism to track investors investing up to Rs 50,000 across AMCs to comply with SEBI rule. With the relaxed norms, AMCs expect to cut down some of their operational hurdles.
Effective January 01, 2011 SEBI had made Know Your Customer (KYC) mandatory for all investments irrespective of the ticket size.