RBI caps bank investments in debt systems of mutual funds

The Reserve Bank of India on Tuesday extended the 10 % ceiling of bank investment in liquid schemes of mutual funds to include short-term debt funds. Bank investment in such debt schemes of mutual funds with weighted average maturity of portfolio of not over year, would be subjected to the cap, RBI said in a […]

Set up the estimate of Real Estate for Explosive Benefit

The real estate in India fraction character India is of fascinating emphasis. guidance game hush up the balance of the specialist garner on quality of Housing Shortage, an estimated abridgement of 26.53 million homes throughout the Eleventh – 5th instance okay unraveling (2007-12) provides an crowded hazard occur.  Further, bankroll corporations are turning outermost squirrel […]

Major PSU banks may raise lending rates soon

Major public sector banks, including SBI, Punjab National Bank and Bank of Baroda, are likely to soon raise lending rates making home, auto and commercial loans expensive. As many as a dozen banks, including private sector leader ICICI Bank have already hiked their lending rate by 25 basis points in response to the tightening of […]

Earn up to 10% from fixed maturity plans

Fixed maturity plans (FMP) offered by mutual fund have become popular among investors in the recent past, given the fact that the stock market has not gone anywhere. Also, thanks to the hardening rates of interest, FMPs have started offering superior tax-adjusted returns to investors. In fact, according to investment specialists, an FMP of tiny […]

Recurring deposit helps cover the specific costs

A recurring deposit (RD) allows you to put aside small sums at regular intervals. Many rarely have a lump sum in their accounts to rescue them from a financial crisis. Saving regularly enables you to plan ahead for expenses and avoid falling into high-interest debts to meet the requirements. What you should know about RD […]