Saturday, March 7, 2009


Headline News

From

Emerging India

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Hand-picked News For Busy NRIs & PIOs
Issue No. 153 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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In this issue, we would like to update you on:

'Leaving encumbrance-free investments for your wife and/or children, with no access to the same by creditors'

Do read this as it is very important to know about MWPA.

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SEN SEX : 8,325.8 DOWN 60.7 % from 52-wk high

FOREX-Rs: USD 51.59 / EUR 64.95 / GBP 73.19

Please Note: 2009 Is A Great Year For Making Investments In India

Do read Investment Advice for long-term investors in this issue.

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For news in detail, visit The Times of India ePaper

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NRI.NewsIndia

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MWPA - Married Women Property Act is a tool for a married man to provide an encumbrance-free estate for his wife and/or children. (It is not just for wife but also for children. Investments under MWPA can be only for wife or only for children or for both.)

How does it help?

Even if a person passes away, with his will in favour of his wife and/or children, and if he owes money to creditors, the estate that he passes on to his wife & children can be attached by creditors.

Even his will can be contested by some people within the family.

However, if a gentleman makes his investments in favour of his wife and/or children under MWPA (with the help of HSBC or any other bank or ...), all the one-time investments or cumulative investments made under MWPA would become encumbrance-free investments with no access to the same by creditors.

Do contact HSBC (or any other bank) to at least understand how it can help you in leaving encumbrance-free investments for your wife / children.

(Please note that absolutely unpredictable things happen in life and so it is better to use MWPA to secure future of your wife & children.)

Please share this with Indian families in India & abroad.

About MWPA in brief: (contents taken from a document provided by HSBC, India)

- Married Women Property Act is a tool for a married man to provide an encumbrance-free estate for his wife and/or children.

- A married man has to take the policy on his own life for the benefit of his wife and/or children.

- He has to form a Trust which will ensure the money from the policy is paid to the beneficiaries as per the terms of the Trust. On his death, the money available under the policy is paid out to the Trust. (Formation of a trust is not a difficult task.)

- In case his estate goes into litigation after his death, the money from the Insurance policy under MWPA is available to his family immediately without any encumbrances.

- An important point to note is that the money held in this trust cannot be attached by creditors, unless it’s proven that the policy was taken and money assigned with the intention to defraud the creditors, by the Life Insured.

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For news in detail, visit The Economic Times ePaper

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For news in detail, do visit Bombay Times ePaper

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END OF THE DAY STATUS OF THE STOCK MARKET:

Sensex went up by 1.6 % today.

SEN SEX : 8,325.8 (+1.6%) NIFTY: 2,620.2 (+1.7%)

DOWN..60.7 % from 21,206.77 the 52-week high of SENSEX

UP...........8.2 % from 7,697.39 the 52-week low of SENSEX

Investment & Wealth Creation Advice:

Please note that our advice is primarily for investors and not for speculators. Investors typically invest with 12-60 month investment perspective. You will therefore find that our advice does not change substantially from issue to issue.

We expect Sensex to come down to 7000-8000 level in the next few months. So, it is going to be a very good time for investments in good stocks.

Also, those who want to invest in realty in India should wait for some time as the flat and land prices are expected to come down substantially in the next 3-4 quarters.

Do consult your investment advisor before making any investment decisions.

Do not purchase shares of a good company at a wrong price. Also, do not purchase shares of a bad company even at a very low price.

Do not put all your eggs in one basket. Diversify your portfolio to de-risk. Do not put more than 33% of your investible funds in stocks or mutual funds. Do not invest in stocks, mutual funds or realty when their prices are quite high. From the high levels, these prices normally come down by about 40-50% and that is when many people lose their hard earned money in a big way.

Make sure that you are not one of those big losers. Make sure that you invest when prices are low and divest when prices are high. Please note that 2009 is going to be a great year for investing your money in stocks, mutual funds & realty in India.

Click here to display NSE CNX NIFTY Chart

Disclaimer: Please make all your investments after taking expert advice. NRI.NewsIndia will not be responsible for losses, if any, incurred by you. Through NRI.NewsIndia, we are only making you aware of the investment opportunities in India at a broad level.

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Posted by NRI.NewsIndia at 11:33 PM

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