This week, during March 19-22, another Further Fund Offer (FFO) of Central Public Sector Enterprise Exchange Traded Fund (CPSE ETF) will be on offer. This is part of the government’s efforts to complete its disinvestment target of Rs 80,000 crore for the financial year of 2018-19 and raise Rs 3,50...
For the second day in a row, the stock markets closed lower on August 3. While the stock market benchmark index, Sensex, closed lower at 32, 237.8, down 238.6 points, Nifty finished at 10,013.65, down 45.9 points. It seems that while the markets decided to pause after their recent incessant clim...
Normally, when a central bank reduces interest rates, stock markets react positively, and move up. Well, the Reserve Bank of India today reduced interest rates today by 25 basis points or percentage points and the stock markets actually fell. The stock market index, BSE Sensex fell by 98.43 poin...
The southward journey of home loan rates continues. It just got some fresh impetus this month with market leader, SBI having taken the lead by reducing 25 basis points or 25 percentage points for loans upto Rs 30 lakh. The home loan rate for this home loan segment is down to 8.35% p.a. from to 8.60%...
Investors in mutual funds typically invest in liquid funds or liquid mutual funds for meeting imminent needs. This includes major expenses that are bound to come up in the next 3-6 months besides emergency expenses. Easy access and tax-efficient returns that are higher than other fixed income invest...
Is the recent run up of the international commodity prices over? Well, that is the question many commodity experts are asking in different international commodity markets. All commodity prices, especially of metals, have been moving up from the period starting with election of US president Donal...
Till recently a mobile phone and a small office was all that was required to be a real estate agent. True, there are many qualified agents providing laudable and high quality services to property buyers and sellers, but most of the a market for real estate agents is unorganised with most being u...
The last financial year 2016-17 was obviously a great year for the mutual fund industry. Nowhere is it more visible than for equity mutual funds which added as much as Rs 60,270 crore to their assets under management (AUM). A lot of this new inflow came in through regular investments in syste...
One of the financial duties that come up at the beginning of any financial year is preparing to file income tax return for the previous financial year. This is not something every tax payer looks forward to. From the looks of it, this year, there might be some relief in the form of a new and simpler...
The new financial year typically means kickstarting of a new investment plan for the year. The financial year of 2017-18, will clearly require you to make some changes in the portfolio. For one, debt investments especially in debt mutual funds are not looking as attractive as in 2016. Here are some ...
Whether you are a young professional all set to set up your own company or you’re a high net worth individual (HNI) looking for a different and rewarding investments, you could be heading for interesting times. A committee set up by market regulator, Securities and Exchange Board of India (Seb...
Here is one more addition to the growing evidence of government’s determination to reduce the use of cash in the country. Last month, the RBI has mandated that non-banking finance companies (NBFCs) cannot disburse gold loans of more than Rs 20,000 in cash. For those of you, who have never taken a ...
Securing your family’s finances with health insurance just got more expensive. From April 1, 2017, thanks to new regulations by insurance regulator Insurance Regulatory and Development Authority of India (IRDA), companies will be allowed to revise their premiums to provide better commission or rem...
Provident fund (PF) isn’t normally a part of people’s lives during their work lives. The PF deduction by employer happens even before you get the money in your bank account. But all that changes once you need to make partial or full PF withdrawals. The long process, queues and repeated visits...
It might have been status quo as far interest rates are concerned for RBI in the latest policy announcement on April 6. However, for bank customers there was welcome news in the form of speedier NEFT (National Electronic Funds Transfer). In the near future, you can expect to transfer money from ...
In its latest monetary policy review, India’s central bank, Reserve Bank of India, on April 5 has left its policy rates unchanged. This has been primarily influenced by concerns related to expected inflationary pressures, especially those emanating from factors such as food inflation, impl...
The new financial year hasn’t really got to an ideal start for investors in Small Savings Schemes. The government has lowered interest rates on these schemes. The saving grace has been that the fall has been marginal. The cut has been typically 10 basis points or 0.1 percentage points. One can ...
The most prominent developments things that happened in the aftermath of government’s demonetization of Rs 500 and Rs 1,000 notes in November, 2016 were long queues at bank branches and ATMs. But everyone knew that apart from the immediate pains there was one area where there would be a major ...
This news will come as a relief for all Indians who were wondering about the impact of demonetization on the growth of the Indian economy. Earlier in the week, the Central Statistics Organisation (CSO) announced an advanced estimate of GDP growth rate of 7.1% for the third quarter of the cur...
Here’s a glittering update. The Tranche VII of the Sovereign Gold Bond will be open for subscription for investors during February 27 to March 3. If you have gold that you are not particularly attached to and lying idle, you could ensure that it earns some money through the Sovereign Gold ...
Government has decided to retain the prevailing interest rates of Small Savings Schemes. These are schemes like Public Provident Fund (PPF), National Savings Certificates (NSC) and many others which are typically available for small investors in post offices acros...
Flush with cash after huge about cash deposits by the public in the aftermath of the government’s demonetization of Rs 500 and Rs 1,000 notes, banks were expected to give home loans a push. Now India’s biggest lender, State Bank of India (SBI), has come up wit...
As you come across news reports of banks lowering their interest rates for loans, you wonder of the fate of the interest rate for bank fixed deposits. It is inevitable they would be reduced in the days to come since banks borrow from depositors to lend their money...
The politicians are busy debating whether the government’s recent demonetization of Rs 500 and Rs 1,000 notes have benefitted the country. Well, one thing is for sure: home loan interest rates have come down. Major banks have announced cuts in home loan rates. W...
What Reserve Bank of India (RBI) couldn’t do in almost two years, demonetization has done it in a couple of days. RBI, India’s apex bank, has been reducing the interest rate since January 2015 and has gone for a total reduction of 1.75 percentage point reduction in the repo rate—the rate at wh...
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