Money Resolutions for New Year 2017

Money Resolutions for New Year 2017

We all know that New Year Resolutions are easy to list, but hard to keep.  And resolutions about money are even harder.  Here are some tips to help you keep at your resolutions. Go low on the interest you pay: This one is a big consumer of your hard earned money. Make a goal to go down on the interest you pay annually. For example; pick the credit card on which you pay the highest interest and aim to pay it down by 50% if not higher.  Mahesh and his…

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Should you hike your PF contribution amid falling returns?

Should you hike your PF contribution amid falling returns?

Employees’ voluntary PF (VPF) contribution can be taken right up to 100 per cent of basic pay. However, the employer is not required to match the additional contribution made by the employee. Many Employees’ Provident Fund Organisation (EPFO) members would not be aware that they have the choice of increasing their provident fund contribution voluntarily above the 12 percent of the basic salary that is mandatorily deducted for their retirement corpus. Employees’ voluntary PF (VPF) contribution can in fact be taken right up to 100 percent of basic pay. However,…

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This Xmas, ring out your FDs and ring in debt funds

This Xmas, ring out your FDs and ring in debt funds

Here are five reasons why debt funds will give you better returns in the New Year From the time the government had announced demonetisation on November 8, the market analysts have been talking about debt funds becoming more attractive. Shankar Iyer wanted to understand this better as he had limited knowledge of equity and debt markets considering his technical engineering background. He decides to consult his colleague Madhavan, a Chartered Financial Analyst, and advises his company on treasury matters, over a cup of coffee. Here are the five important points…

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Credit card’s hidden costs you didn’t know about

Credit card’s hidden costs you didn’t know about

Credit card is among the greatest innovations of the financial product and service industry. The security features that have constantly been added make the little piece of plastic very valuable and extremely safe to use. The safety is less relevant to a shopping addict. The credit card is like a god-gifted boon to the veritable spender—just swipe your card at the counter, stretch your spending power, and take a call on whether you want to repay the whole amount or just a part of it. If that describes you, then…

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Huge response to DHFL’s inflation-linked bonds, here is what made it attractive

Huge response to DHFL’s inflation-linked bonds, here is what made it attractive

The first Inflation – Linked Bond is here, sees tremendous response India’s first public offering of inflation bound, Consumer Price Index-linked bond issued by Dewan Housing Finance Ltd received overwhelming response with bids worth Rs 19,000 crores on the day of opening which was nearly 5 times the issue size of Rs 1,000 crore, with an over-subscription option of Rs 3,000 crore. While the issue was scheduled to be open from August 3-16, the company announced the closure of the offer on the second day itself. The overwhelming response might lead…

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Don’t fret over Raghuram Rajan’s term, crude oil price rise; stick to financial goals say planners

Don’t fret over Raghuram Rajan’s term, crude oil price rise; stick to financial goals say planners

Will Raghuram Rajan get a second term as Governor, Reserve Bank of India? Will Rajan cut repo rate further in the coming credit policy? Will crude oil head higher from the $50 or down from here? Are these events bothering your goals as an investor? Will Raghuram Rajan get a second term as Governor, Reserve Bank of India? Will Rajan cut repo rate further in the coming credit policy? Will crude oil head higher from the $50 or down from here? Are these events bothering you as an investor? In case…

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IMD’s monsoon delay alert adds nervousness to jittery Share Market

IMD’s monsoon delay alert adds nervousness to jittery Share Market

IMD’s alert will create stir in the Indian Share Market as it’s performance is monsoon dependent NEW DELHI: Investors and analysts waiting for a good monsoon outcome to turn the tides on Dalal Street were in for a rude shock on Sunday, when the latest report of the India Meteorological Department hinted at a likely delay in the onset of the Southwest monsoon over Kerala by a week. IMD now expects the rains to hit Kerala coast only on June 7. Share Market analysts said this could add to the nervousness…

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Investing in bonds with dynamic funds when rates are volatile

Investing in bonds with dynamic funds when rates are volatile

Investing in debt funds has yielded less because of rate volatility, bonds with dynamic funds could be better Rakesh Shah has been investing in debt funds for a long time, having preferred their safety and security for a variety of reasons. Firstly, he never really has to worry about the principal loss in the past. Secondly, debt funds have hardly been volatile and, thus, the actual returns have been around what he had expected. Thirdly, as he is investing in debt funds for his kids’ education, it makes sense for…

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Mutual Fund Investment – Sector funds versus diversified funds: Which to prefer?

Mutual Fund Investment – Sector funds versus diversified funds: Which to prefer?

Roopal Dave has just started her career as a software developer at a leading IT company and she has been approached by a mutual fund adviser to start off by investing in mutual funds. After her discussion with the mutual fund adviser, Roopal was impressed with the idea of a mutual fund for 3 reasons. Firstly, it will enable her to generate wealth over a long period of time; and she is not interested in short term investing. Secondly, she is happy to leave the investment decisions to a professional…

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