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buzoo

Star Member
Sep 18, 2011
72
2
Dear all,
I am the single applicant for PR and hence need to show $ 11,824 as settlement funds
My total assets are as follows:
1. Fixed Deposits= 7 lakh 10 thousand rupees= 12832 CAD (1 cad==55.33 INR as of today)
2. Public Provident Fund= 83830 rupees= 1515 CAD
3. Mutual Funds= 70,000 rupees= 1265 CAD
Total Assets= 15612 CAD

My liabilities= NIL

My total settlement funds= Fixed Deposits= 7 lakh 10 thousand rupees= 12832 CAD ( from my assets itself)

Is this correct response to Question 11 of IIM 0008 -Schedule 3?
My doubt is that can i include PPF and Mutual fund as my total assets?
Or
I should write
Assets= Fixed Deposits= 7 lakh 10 thousand rupees= 12832 CAD
Liability = NIL
Settlement Funds= Assets= 12832
Please someone clarify!
 
Mutual Funds and PPF are not considered as assets.