With new developments under the Ministry for MSME (Micro, Small and Medium Enterprises), banks are given guarantee for their loans to the small and medium enterprises under the aegis of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Hence the trend to give loans without collateral is picking up. the cover by CGTMSE… Read More »
These are high net worth Individuals who are ready to invest in start up companies. The typical investment cap is at Rs.1 crore starting from as low as Rs.10 lakhs to Rs.25 L. They expect equity from the promoters and exit typically by selling their equity in the next rounds of funding.
While no investment option can guarantee returns, over the past one year, top-performing gilt funds have managed to generate returns exceeding 20%. This is because in the recent times, RBI has introduced number of interest rate cuts. As there is an inverse relationship between the interest rates and the prices of bonds, reduction in interest… Read More »
Asset allocation, as explained above, is a process wherein an investor takes a decision of how his portfolio will be diversified. Diversification is an important goal for an investor. Putting all the savings in equity market might not be a safe investment decision while investing in fixed income securities is also not advisable looking at… Read More »
According to a company release, HDFC has launched a special home loan product at a fixed rate of 8.25 per cent a year valid up to March 31, 2012 and the applicable floating rate for the balance term, i.e after March 31, 2012, the interest rate will be changed to the then prevailing floating rate… Read More »
ICICI Bank has raised around Rs 3,500 crore through an overseas bond issue, the bank said in a press release. The “5.33 year” fixed-rate paper was issued through the bank’s Bahrain branch and saw a total subscription of over $3 billion from over 250 investors.
The expense ratio is the proportion of recurring expenses that a fund charges to its schemes year after year, and so the Expense Ratio is also known as Annual Recurring Expenses. This basket of charges comprises the fund management fee, agent commission, registrar fees and the selling and promotion expenses.
On the other hand virtual cards are being promoted by Banks specifically to address such fraudulent online transactions. These cards go one step even further in implementing online security. They are a one time use card. The user can generate this card online via a simple registration process several times during any given day with… Read More »
Once the lender takes control of the property, an independent valuation is conducted with the help of an independent chartered surveyor who fixes two values for the property. One is the market value of what the property is actually worth and another is termed as the distress value, which is around 15-20% lower than the… Read More »
Your partner may be under the false impression that not knowing the details of your family finances will reduce stress.That’s not the case. Explain to him/her that sharing knowledge and responsibility for your financial life reduces stress as it makes you ready for any situation that may arise when one is unable to operate.