With the awareness about the benefits that different types of credit cards offer, most Indians are surely quite enthusiastic about it. They seem to be least bothered about how these cards put a hole in their wallets and instead consider it to be a fashion statement. You will find cards ranging from credit cards, debit… Read More »
Most investors have the mind-set that investing in Mutual Funds and other equities related sources are quite risky and opt for the traditional approach of saving – investments in Fixed Deposits, Recurring Deposits etc. These funds, upon maturity do not provide adequate returns when compared to equities. Therefore, you might end up taking a debt… Read More »
Fixed deposits offered by public sector banks have always been the crowd favorite, with a large stratum of our population placing their faith and investments in them. Although there has been a slash in the interest rates offered by banks, investors continue to earn higher, assured and risk-free returns as compared to other modes of… Read More »
New investors are in the belief that they should diversify their investments first and then consider the funds’ performance. This approach is quite wrong. Not many times does an investor benefit from such a decision. Targeting tax saving funds is not a great idea. It is good to have one fund which provides you tax… Read More »
As investments in equities plummeted down due to the global economic meltdown, people were looking for other modes of investment that had performed relatively well despite the twists and turns of the market. Investors have been disappointed with the relatively poor performance of the economy in recent times, and their performance has solely been characterized… Read More »
Credit rating is an influential and effective system which helps credit card users get loans at times of need, or upgrade to a higher version of credit card. It is a reflection of our financial discipline, and is a viable proof which shows how diligent we have been in making all our payments on time.… Read More »
In case you are caught up in any scenario where your credit card has been stolen, or you have lost or misplaced it, your first instinct must be to report it immediately to the bank’s call center. If you do not take any prompt action, then you might find yourself with a massive outstanding balance, for… 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 as 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 »
People, especially senior citizens, who depend on interest income, have been forecasted to see difficult times in future owing to a decline in deposit rates. While deposits have already witnessed a debacle in the past few months owing the global meltdown, fixed deposit rates are expected to slither further down. The main reason behind this… Read More »
If you belong to a class of investors that had flocked to equity-linked savings scheme (ELSS) in order to see a decline in their lax liability, then the arrival of Direct Taxes Code has just played spoilsport. In effect from April next year, ELSS funds will no longer enjoy any tax benefits that were earlier… Read More »