rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
The best way to achieve financial security isn't by cutting out every vada pav or limiting yourself to home-cooked meals; it's by making yourself indispensable at work, says Vatsal Ramaiya.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
The law minister last month told the assembly that of the lord's total Rs 626.44 crore, Rs 592 crore was kept in Yes Bank. While Rs 545 crore was in the bank as fixed deposits, the remaining Rs 47 crore was in a flexi account.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Anjali & Uday manage to save a fair amount. But have they invested wisely?
With home loan rates headed north, experts advise how borrowers should cope with their rising liabilities.
'With a very stable technology with limited functionalities, a large network has spanned out.'
Investors not comfortable investing directly may take the mutual fund route, where they get exposure to a diversified portfolio of bonds.
The savings bank deposits in banks in the country are already deregulated in a sense, with the swipe system allowing them to convert the deposits to fixed deposit to enjoy the higher rates, said Pratip Chaudhuri, chairman, SBI.
In its reply to the Securities Appellate Tribunal (SAT), the Securities and Exchange Board of India (Sebi) said urgent action was warranted against the promoters of Zee Entertainment Enterprises Limited (ZEEL) in the alleged fund diversion case to safeguard the management and protect investors and other stakeholders. It termed the applications made by Essel Group Chairman Subhash Chandra and ZEEL managing director (MD) and Chief Executive Officer (CEO) Punit Goenka as "completely false and misleading" in its response submitted to SAT on June 17. "We have a situation before us where the chairman emeritus and the MD and CEO of this large listed company are involved in a myriad of different schemes and transactions through which vast amounts of public money belonging to listed companies are diverted to private entities owned and controlled by these persons.
'Comparing the rates of interest with PSU banks, the three- and five-year time deposit rates of the post office are more favourable.'
The federal agency started its operation in the morning, with around 100 officers mobilised to swoop down at the 30 locations in multiple cities of Jammu and Kashmir, Punjab, Haryana, Uttar Pradesh, Bihar and Rajasthan, besides Delhi and Mumbai, the officials said.
'Lack of self-control over spending leads to a credit card debt trap.' 'People think they have money and spend using a credit card, but when it's time to pay, they realise they don't have the money.'
Quite often for investors fixed maturity plans and fixed deposits are alike but there are some distinct differences. The protection of capital is foremost selling point for both FMPs and FDs. But FMPs score over FDs on a few parameters.
IDBI Bank has hiked interest rate by 0.25 per cent on fixed deposits having maturity of 365 days and above, effective from Monday.
Ayyub is the account holder and deposits totalling Rs 1,77,27,704 have been attached by the ED.
Following a review of peer-to-peer (P2P) platforms, certain issues -- including high non-performing asset levels, significantly high balances in escrow accounts, and non-compliance with net owned fund and disclosure requirements -- came to the RBI's attention.
Experts say you should be certain of living in a city and locality for a long time before purchasing a home.
The returns from liquid funds, currently, look better than what savings accounts of leading banks are offering, points out Sarbajeet K Sen.
How investing in non-convertible debentures gives better returns than investing in fixed deposits in these volatile times.
Thanks to a booming market, India now has more than 300 family offices, up from 45 in 2018, according to a PwC report. The number is expected to grow rapidly, with promoters establishing more businesses in Tier-II and Tier-III cities. Family businesses play a crucial role in India's booming economy, spanning manufacturing, retail, real estate, healthcare, and finance.
Mukesh Ambani-led RIL, which had a cash chest and marketable securities worth over Rs 90,000 crore (Rs 900 billion) at the end of the last fiscal, is known for very effectively managing its financial resources by placing them in liquid instruments and highly rated securities.
MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk.
Bank fixed deposits offer assured returns but are entirely taxable. Ultra short-term debt funds can't specify returns but are tax efficient.
'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'
SBI has twice hiked interest rates on fixed deposits within a month, but an investor still gets better returns at the post office.
The move to relax tax norms on fixed deposits would help the banking sector tide over the current liquidity shortage following the Reserve Bank's decision to tighten monetary policy to tame the rising inflation.
What are FMPs and should you invest in them?
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
The Enforcement Directorate on Friday froze fixed deposits worth more than Rs 34 crore of a media firm owned by jailed YSR Congress leader Jaganmohan Reddy in connection with the money laundering probe against him and others.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
What is pushing students to take this extreme step?
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
'People try to repay the BIGGEST LOAN first. Actually, you should repay the most expensive loan first.'
The representatives of outfits, including three breakaway factions, deposited their arms to the chief minister at a ceremony organised by the home department Guwahati.
As the fight for deposits intensifies, the cost of money will rise and the margin will be under further pressure, points out Tamal Bandyopadhyay.
The question of debt mutual funds verses fixed deposits has been going on for a long time. Which one serves better for the conservative investor? InvestmentYogi takes a close look and breaks it down, giving you the details you need to make an informed choice.
