Though the fund houses have garnered over Rs 1,500 billion from investors, only 8-10 would declare their monthly FMP portfolios till a few months ago. Instead, they gave 'indicative portfolios' and 'indicative returns' to the potential investor. This month, all fund houses declared the portfolios of their schemes because of the half-yearly results. And, to the horror of many investors, the real portfolios were 80-90 per cent different from the 'indicative portfolios.'
When EMIs exceed your salary, it means trouble. Here's some help.
In upmarket areas like Bandra and Khar, the going brokerage is as high as 4 per cent
Last week was unprecedented in the history of the Indian mutual fund industry-- the net asset values (NAVs) of nearly a dozen liquid-plus funds fell.
Regular investments in Section 80C instruments earn better returns as well as reduce the pressure on your funds. Instead, most of us end up in a last-minute scramble to invest to save tax in the month of February or even March. "This is why tax-saving products such as equity-linked saving schemes and unit-linked insurance product have the highest sales in the month of March," says Vikas Vasal, executive director, KPMG.
The four-day property exhibition, which concluded on Sunday, saw prospective home buyers returning 'disappointed'as they found the property prices 'unaffordable' and discounts 'meaningless'.The sales were down more than 60 per cent at the 13th Real Estate and Housing Finance exhibition, which was organised by the Maharashtra Chamber of Housing Industry.
Fixed maturity plans, which have garnered Rs 102,133 crore (Rs 1021.33 billion) of average assets under management, are facing the prospect of rising defaults on their investments in the real estate and non-banking financial companies. This implies that if there are redemption pressures from their corporate and retail clients, these FMPs would have to raise cash from other resources to meet the demand.
The strategic portfolio should be tinkered with only once in two or three years. Ideally, the trading part should not be more than 5-10 per cent of your total portfolio.
Prospective home buyers, who are looking forward to discounts this festival season, may be in for a rude shock. According to banking sources, most banks are unlikely to offer any discount.
In times like these, when the financial industry is reeling under the pressure of scepticism, communication has become the most important tool for financial services providers. Hence the flood of emails to associates, employees and investors.
Gold exchange-traded funds are back in the limelight. After a dull three-month period, a sudden slump in the US stock market last week has investors flocking to buy gold. In the past one week alone, gold prices have increased nearly 15 per cent in the international market.
In a move to soften the blow of Lehman Brothers' bankruptcy in the Indian stock and asset markets, four banks are set to take over its structured products businesses in India.
There is no mechanism to ensure that the customer gets his money back and nor are there any guidelines or rules to protect the customer from this problem
Home loan borrowers perpetually worry about the consequences of defaulting. And whether they wish it or not, there could be situations where they are forced to do so. For instance, after the Mumbai bomb blasts on July 11 2006, a large number of affected families found themselves in deep financial trouble leading to difficulties in servicing their home loans
Trading in currency futures will soon become a reality for the retail investor. With the Reserve Bank of India and the Securities and Exchange Board of India issuing trading norms, exchanges are readying themselves to launch this product in the next few weeks.
Most car buyers, when applying for a loan, grapple with the question of whether they should opt for a fixed or a floating rate option.
With banks taking the cue from RBI to hike rates, home buyers will have to take serious measures to keep their finances under control.
A host of them have a tracking error of more than 1 per cent
While gold index funds have returned almost 10 per cent over the last three months, gold equity funds (investing in mining companies) have not given good returns in the last few months. At present, there are two gold funds, DSPML World Gold Fund and AIG World Gold Fund
Stock market investors and potential home buyers may not remember the years 1998 and 2008 too fondly.
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