Look who was shopping! DIIs poured more than Rs 1 lakh crore in D-St to help Sensex reclaim 30K

Look who was shopping! DIIs poured more than Rs 1 lakh crore in D-St to help Sensex reclaim 30K

Furthermore, they pumped in nearly Rs 7,000 crore in April to help the 30-share index record a fresh intraday high of 30,167.09 on Wednesday. It was not regular foreign institutional investors (FIIs)—considered to be the backbone of Indian markets—but domestic institutional investors (DIIs) who led the rally on D-Street from March 2015 when Sensex recorded its previous all-time high levels 30,024.74. DIIs poured in over Rs 1 lakh crore in Indian equity markets from March 2015 to March 2017 and nearly Rs 7,000 crore in April to help Sensex record…

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4 simple ways to go cashless!

4 simple ways to go cashless!

These four options are by far the best available to migrate to a less-cash world, says Anil Rego We have been dramatically changing from being a cash-driven economy to a digital economy. Our money and the way we are handling it today, has become different. In such a scenario, how do you seamlessly migrate into a cashless economy? What are the best payment options which can help you in this journey? 1. Credit and debit cards The easiest of options which will help our move towards using digital cash are…

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How to make the most of your credit card?

How to make the most of your credit card?

Plastic Money A credit card is a necessity in today’s times. But do you know that you can do so much more with your credit card than what meets the eye? This is how you can make the most of your credit card. A credit card is type of unsecured loan provided to you by the bank for your emergency needs. For starters the best thing about credit cards is that you do not need to worry about carrying cash. Also when you are out shopping, you may not be…

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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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Waiting for RBI rate cut? Lock in some money in high-yielding corporate FDs first

Waiting for RBI rate cut? Lock in some money in high-yielding corporate FDs first

Corporate fixed deposit schemes are in the limelight these days amid volatility in the equity market and hope of a rate cut by the Reserve Bank of India (RBI) on Wednesday. These financial instruments usually provide 50-150 basis points more return than bank fixed deposits. However, corporate fixed deposits come with higher risk as any headwinds for the business can lead to a company defaulting on payment of interest as well as principal. With an interest rate of around 8.50 per cent per annum for three years, corporate fixed deposit…

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Diwali Shopping – Treat it like a planned Expense not an Exigency

Diwali Shopping – Treat it like a planned Expense not an Exigency

Diwali means a whole lot of things, and shopping for Diwali is inevitable. It is that time of the year we look forward to meeting friends and family, decorating our home, gifting one another, and treating our taste buds with every sweet and snack out in the market. Not many families set aside a budget for Diwali Shopping and those who do, stick to it rarely. Diwali is also a time when merchants and retailers fill the market with goods and offer attractive discounts on purchases. Gadgets and consumer durables…

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Festive spending – Is buying a lot more important than why to buy?

Festive spending – Is buying a lot more important than why to buy?

In Festive season offers seem irresistible and consumer buying goes through the roof. But how much should you really spend? Come the festive season and we have consumers loosening their purse strings for buying goods they have been waiting all the year round. Diwali is a time when spending peaks in almost every household in India. Retailers bring in new products and Ecommerce businesses woo customers with special offers and discounts. This time around, the ECommerce giants Flipkart, Snapdeal and Amazon are all set to make it bigger than before…

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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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