Motivation for this post is one of my client's profile. Currently in India we have different types of loans available ranging from personal loans to marriage loans. But when to use which loan is a smart way of managing your money. Hence first let us look at different type of loans available.1) … [Read more...]
Archives for May 2013
How much is enough?
We all invest in the hope of getting good returns. But is their any yardstick to judge how much is enough? No...because each person have different expectation from his investments.We all know that return is directly proportional to risk. But still we all hope to get good returns. Even when we … [Read more...]
RBI’s Inflation Indexed Bonds-Will they work for you?
As was proposed in current year Budget, RBI will release first tranche of Inflation Indexed Bonds on June 4th 2013. It is claimed that it will protect retail, especially poor and middle class investors against inflation risk. But before going ahead let us first understand how these bonds … [Read more...]
EPF-Now with enhanced Life Insurance !!!
Lot of salaried may not know that contribution to EPF is also attached with free insurance coverage called Employee's Deposit Linked Insurance (EDLI). You may not know because of the low cover it offers. But now your EPF cover opt you minimum Rs.1,32,000 of insurance coverage. Let us see what new … [Read more...]
ICICI Direct Secure SIP with Secure Mind-Review
Recently ICICI Direct launched insurance protection for it's mutual fund investors which is called as "Secure SIP with Secure Mind". Let us look at it's features and was it good to take.First thing about this product is, it is combination of critical illness+Accidental Insurance. So for natural … [Read more...]
The Chit Fund Act 1982-Understand the law first
Their was a huge uproar in media about the recent scam of Saradha Group and canvassing it as a chit fund company. But do you know the reality that it will not come under Chit Fund Act?? Yes it will not, if one goes by the Chit Fund Act 1982. Hence to be a knowledgeable investor better first … [Read more...]
Cheque dishonour-What it mean?
In our day to day financial transactions we normally issue cheques once or twice but do you know what are the implications if you not honor your obligations? What reasons may lead to book a case on you? Let us understand this in detail.We all know that it is criminal case under Section 138 of … [Read more...]
Calculator to Compare Lump Sum Investment Returns
This is the first guest post on this blog by Mr.Pattu who is a professor of Physics at IIT (Indian Institute of Technology) Madras. I really overjoyed to post this, because by profession he is techie and professor but a brilliant personality in creating free financial calculators. Request you to … [Read more...]