Protecting the principal thus cannot be a reasonable objective for an investor, unless it is for the short term. A person who wants protect the principal for making a house down payment after 5 months, wanting to buy a bike after 3 months, who has her daughter to be married off in the next 4… Read More »
Many of us are under the false belief that credit cards are a form of extra money! We need to understand that it is still going to be shelled out from your next month’s pay cheque. If you think you can get away with paying only minimum amount due, don’t forget that your interest… Read More »
In SIP, if the investor wants to invest Rs.30, 000 per annum it would be done over a 12 month period of Rs. 2500 every month! SIP gives you the advantage from rupee cost averaging and saves you from the hassles of timing the market. You contribute a fixed amount every month and when the… Read More »
The 40% scheme allows for purchase of equity, preference shares and convertible debentures not exceeding 51% of the face value of each issue. Repatriation of up to 40% of the new issue is allowed. Under this scheme, NRIs can invest in new projects or in expansion and diversification projects of existing companies.
Tax treatment is where the PPF scores very high. The PPF comes under the Exempt- Exempt- Exempt category. This means that the amount invested gets tax benefits, the interest is not taxed and so is the final maturity amount. The investment gets benefits under Section 80C of the IT Act. The investment however is limited… Read More »
Investing directly in art has its own drawbacks. For one, these artworks need to be protected against theft and damage. Second, you need to have large sums of money to buy these works. Third, they occupy a lot of space. So for those looking to invest in art but have money and space constraints, there… Read More »
Allahabad Bank intends to carry on with its present positive growth trend and obtain a business objective of Rs two lakh crore by the end of 2010. At the close of 3rd quarter, the bank had recorded a business of Rs 1.60 lakh crore and is geared to fulfill the Rs 1.75 lakh goal established… Read More »
Honda Motor, Japan’s 2nd main car maker reported nearly 7 fold increase in profit in the final quarter from the previous year. This was due to higher sales in India and China.
Figure the objective of the investment. Understand the scope or mandate of investment. It outlines the debt-equity mix and the type of instruments that the fund would invest. It indicates where your money will be invested by the fund manager i.e. whether large, mid- or small-cap specific, the level of diversification, the option to the… Read More »
The easiest loan that any businessman can get is the daily/weekly payment loans from local financiers. But the interest rate here can be very high – in the order of 3% and above per month. Also there is the element of getting lesser amount that the loan amount due to advance payment of EMI. A local… Read More »