Find out how the fund has fared against its benchmark index. Always ensure the fund’s performance is consistent with the returns from its benchmark index, if not better. In case of market crash, ensure the fall in the fund’s value is not more than its benchmark index.
With the base rate era setting in from 1st July 2010, the old home loan borrowers might receive a chance to negotiate for a lower interest rate as it is believed that various banks would be re fixing their lending rates once the base rate sets in.
The Reserve Bank of India (RBI) will continue on its path of the monetary policy tightening measures and interest rates will go up in the coming months, according to the statement made by deputy governor Subir Gokarn. This is likely to make personal loans more expensive.
The biggest lender of the country, State Bank of India has hiked interest rates on short term corporate loans by 25-50 basis points. O P Bhatt, Chairman of SBI said, “With surplus liquidity gradually disappearing from the system, we have re-priced certain segments of our short-term corporate loans by 0.25-0.50 bps upwards.”
Public sector banks, Canara Bank has intentions to venture into the northern part of India. The bank has a significant customer base of more than 37 million and has a strong presence in the southern part of India. It intends to start highest number of its intended 200 branches in the north this fiscal.
Leading car manufacturer Maruti Suzuki has posted a 27.9% increase in sales for May at 102,175 units as against 79,872 vehicles. This was made possible by cheap car loans
Suresh’s real estate agent informed him that a property under construction will cost him lesser than an apartment that is ready for him to move in. So, he encouraged Suresh to consider purchasing a home under construction by the builder. This is because Suresh is not in an urgent need to move into a new… Read More »
Plot/land loans can be obtained for agricultural purposes or if the land has been approved for house construction, it can be obtained for constructing your home in the near or distant future. Not every bank is keen on lending for land purchase as they foresee difficulties in documentation and protection of land against encroachments.
MIPs are hybrid investment avenues that invest a minor portion of their portfolio (around 15 per cent-25 per cent) in equities and the balance in debt and money market instruments (i.e. bonds, certificates etc). MIPs provide a monthly income to investors, but the periodicity depends upon the option you choose. These are generally monthly, quarterly,… Read More »
Commodities can be traded on either spot markets, or in the form of futures. Spot markets are those in which the commodity is traded immediately in exchange for cash or some other good. Futures are standardized contracts among buyers and sellers of commodities that specify the amount of a commodity, grade / quality and delivery… Read More »