SBI launches new option to pay credit card dues
SBI Card is a joint venture between State Bank of India and GE Capital and currently it has a card base of 30L.
Category Archives: Money Management
Budgeting for salaried people Part I
Having a budget does not mean that one has to be an Uncle Scrooge (as in Walt Disney). A budget is meant for maintaining ones’ comfortable life style and also achieves dreams and goals with less financial stress. A good budget will plan for any contingencies and also positive events. It will also have provisions… Read More »
New year resolutions and financial goals
Here is a chance to relook at your portfolio when the spirits are high. While you need a plan to build a house, to build a life, it is even more important to have a financial plan or goal. Having patience and discipline with long term investment horizon would definitively aid you to meet your… Read More »
How safe is your money at banks?
On most cases of banks declaring bankruptcy, there is an inordinate delay on the part of the Reserve Bank of India (RBI) and the DICGC in settling the deposit insurance for depositors. The reasons cited include the progress in the process of liquidation and attempts to revive the banks.
Understanding insider trading and how it works!
Legal insider trading in a company means trading on a company’s stock or other securities by employees of the company and done based only on public information related to the company. In other words, insider trading is legal only up to the point when trading is done without taking advantage of the non-public information to… Read More »
Discover the dark side of Fixed Maturity Plans!
The reason investors choose FMPs is for their high returns which are also guaranteed. In order to give assured returns, FMPs opt for very secure investment options like AAA rated corporate bonds whose maturity tenure matches the maturity tenure of FMP. However in the recent times, some of these FMPs started investing in commercial paper… Read More »
When you first start to save
Be regular with your investment. It is best to allocate a portion of your funds from your monthly income and make arrangements to transfer it immediately to another account, from where you can plan your fund allocation for each investment. Do not use the bank account that you utilise for your day to day expenses,… Read More »
Fixed deposits as an investment, are they for you?
Remember, diversification is the name of the game when it comes to investment. Just putting your money in FD will not help you get the best overall returns. You also need exposure to equities to get the growth in capital and beating inflation in the long run. Hence it is advisable to invest into both… Read More »
Understanding how hedging works!
Risk and Returns go hand-in-hand. When we look at high returns, the danger of risk is quietly lurking underneath, ready to pounce at a slightest miscalculation. Hedging refers to a method of reducing the risk of loss caused by price fluctuation. An example of a hedge would be if you owned a stock, then sold… Read More »
‘Dubai crisis not to hurt India’ – World bank President
World Bank Group President Robert Zoellick recently said the Dubai debt crisis is manageable and would not affect India. Mr. Zoellick was in New Delhi for a meeting with policy makers, including RBI governor D Subbarao and Planning Commission deputy chairman Montek Singh Ahluwalia.