What short-term investment choices do mutual funds give?

Mutual funds offer liquid funds and ultra short-term funds in the debt category, which are proper for short investment periods. Ultra short-term funds were previous known as liquid plus funds. Liquid funds invest in money market instruments with a maturity of 91 days or less. However, there are no such restrictions for ultra short-term funds. […]

Increasing home loan EMIs may cause defaults: Kamath

KV Kamath, currently the non-executive chairman of India’s largest private sector lender, ICICI Bank has said retail consumers would be the worst hit because of the continuing interest rate hikes. “The biggest impact and nobody has actually put that number into context is going to be the retail consumer. You and I are going to […]

YES Bank enters into a planned grouping with DHFL

YES BANK has signed a Memorandum of Understanding with Dewan Housing Finance Corporation Limited (DHFL), a leading housing finance group for distribution of Home Loans to all YES BANK customers. In the first phase, this joint product will be targeted to customers through the 60 main branches of YES BANK across 25 cities in India. […]

Kotak Mahindra Bank increases lending rate by 50 bps

Private sector Kotak Mahindra Bank Monday raised base rate or minimum lending rate and fixed deposit rates by up to 50 basis points in response to policy rate hike by Reserve Bank. The bank also hiked its Benchmark Prime Lending Rate (BPLR) upwards by 50 basis points making loans expensive for the existing borrowers. Besides, […]

Invest your resting PF money in fixed deposits

If you have an inoperative employee provident fund account, now is the right time to withdraw your corpus, as it is not earning any interest. With the interest rates on fixed deposit soaring high, it is time to withdraw your employee provident money. From April 1 all inoperative or dormant accounts have stopped earning interest. […]