A recent press report said that Shri Suresh Kumar Jain has assumed charge as the Executive Director of Union Bank of India on 1st September 2011. He is a Gold Medalist in College and University with B.Sc (Hons.) & M.A. (Economics); He has been a professional Banker for over 33 years. He has worked in… Read More »
A recent press report said that the country’s biggest lender State Bank of India has ruled out relaunching a dual rate scheme for home loans. Reports said that its competitors ICICI Bank and HDFC have come up with a similar scheme to grow businesses. RBI defines teaser loan schemes as those offered at a low… Read More »
The country’s largest private sector bank, ICICI Bank, opened its second retail branch in Singapore. Reports said that the branch is to offer savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts. Reports also said that bank has offered its customers, ICICI Bank’s call and remit facility giving… Read More »
A recent press report said that IDBI bank has won awards in two categories namely, the overall best bank in India and the best public sector bank in India. The bank’s chairman and managing director R.M. Malla received the awards. Mr. Malla said that the awards have been made possible due to the passionate hard… Read More »
With Mutual Fund houses redirecting their funds towards investments in medium term plans, their focus has mainly been on the liquid assets. Since, volatility can be expected in the short term market sightings, investors can gain by investing in the 1-3 year time frame through Systematic Investment Plans (SIPs). It was considered healthy to invest… Read More »
This has been possibly after RBI hiked its interest rates. Now, you as an investor need to carefully evaluate your investment decisions in the light of: Your investment objective Risk appetite Span of your investment Investors can basically look forward to moving towards debt investment as part of their portfolio re balancing or just to… Read More »
If you have carefully taken every step towards investing in the right direction, then here is a reason for you to smile. Investments in the mid and small cap companies have proved far more profitable since that’s the avenue where most diversified funds were invested. Although the diversified stock funds witnessed a drop of 0.72%… Read More »
During these stressful times, where it becomes difficult to keep a track of your investments as to when to invest and when to exit, you can give those decisions for your Asset Management Companies to make. Utilize the trigger facility which your AMCs provide. The trigger enables you to exit the market as and when… Read More »
SEBI has initiated the move to allow investors be charged with a fee while they invest in Mutual Funds. Distributors can be charged Rs100 per transaction fee per subscription. Those who are first time investors need to pay Rs50 extra. For small investors, whose investments do not exceed more than Rs10000, no charges will be… Read More »
Basically, Arbitrage funds takes the advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices. After a downfall of this category of funds in the domestic mutual funds circle, most investors and fund managers are looking towards… Read More »