Mutual funds breathed easy today, with the flow into liquid and liquid-plus schemes soaring to Rs 30,000-35,000 crore. This is in contrast to the situation over the past few days when a liquidity squeeze caused by the Coal India issue soaking up cash forced companies and banks to withdraw money from mutual funds.
After cashing out of the recent stock market rally, investors aren't ploughing their money into just initial public offerings (IPOs), bonds or real estate. The feel-good factor has prompted many of them to splurge on luxury cars, exclusive holidays and designer brands.
With the stock market nearing its all-time high, the best way out is to sell them in tranches.
Your financial health, for instance, can be diagnosed by looking at a few ratios.
More credit bureaus to ensure faster dispute resolution.
Divide your investments properly for self-consumption, growth and income. Life will be simpler.
hree big players -- ICICI Lombard General Insurance Company, Bajaj Allianz General Insurance and Apollo Munich -- have launched policies in tie-ups with spas, gymnasiums, yoga institutes, diagnostic centres and health food retailers to offer discounts to customers on these services and products.
When an investor opts for a systematic investment plan (SIP) in mutual funds, the purpose is to average the cost of buying a bouquet of stocks, inculcate discipline and not having to worry about daily market fluctuations.
The IPO grey market premium does not value a company accurately. You may burn your fingers.
The market regulator is working in association with exchanges and fund houses to iron out the technical aspects of such a system. According to the sources, a series of meetings have already taken place.
The long-awaited, tax-saving infrastructure bond issue is out. Industrial Finance Corporation of India is the first company to issue these, at 7.85 and 7.95 per cent.
Sadly, so will lending rates. Do not hurry to put all your money in existing offers.
Saving tax is the main motto of all taxpayers. While some hire chartered accountants, others pore through tax laws, or ask friends to find out if there are ways by which they can save.
High deposit rates may put pressure on teaser home loan rates
There are just 10 mn MF investors compared to 60 mn homes with life insurance.
Seek professional help to manage your money. But monitor the holdings and performance.
nfoscians will be taxed for their free shares, both at allocation and selling stages.
The government has increased the existing limit of the Employees Deposit Linked Insurance (EDLI) amount from Rs 60,000 to Rs 1 lakh. The amount will be paid to the next of kin of an employee in case of his death.
After banks, it's the turn of housing finance companies to have a more transparent regime for pricing of loans. The National Housing Bank (NHB), the regulator for these companies, is working on a system that is similar to the base rate regime introduced for banks recently.
If the credit card limit is exceeded, it is your problem. And, that is true even if the card is stolen.