Did you know if you have taken a home loan of let’s say Rs.84 lakhs for Rs.1.2 crore property, then the bank has to set aside another Rs.42 lakhs to maintain solvency or to be on the safer side? So for lending you a loan of Rs.84 lakhs, bank’s actual capital being used is Rs. …
High ticket home loans might get cheaper after RBI’s THIS announcement Read More »
The government had sharply cut the small savings rates (in the range of 70-140 basis points) for the June quarter, in sync with the fall in bond yields and interest rates on bank deposits. The small savings rates are revised quarterly. The banks have been on a rate-cutting spree, following the COVID-19 crisis. TERM DEPOSITS …
financial planning in corona
During the current rush of back-to-back IPOs, you must have heard/read the terms like Grey Market, GMP and Kostak. Let’s try to understand them one by one. Overview of Grey Market: In simple terms, it’s a parallel market where original goods of manufacturer are sold, but not through their authorized distribution channels. In case of …
We witnessed the last two IPOs of Happiest Minds and Route Mobile getting a fantastic response. Out of which Happiest Minds got listed at 138% premium to its IPO price, while Route Mobile is set to get listed tomorrow. Now, again in the coming week, 3 IPOs viz. CAMS, Chemcon and Angel Broking, are opening …
Three IPOs opening for subscription this week, should you invest? Read More »
SEBI has released new circular applicable from January 2021 stating that mutual fund units should be allotted at the NAV of the day on which funds are realised and ready for deployment. Current Scenario: Currently, for the investment of less than Rs.2 lakh, the investor can get the same-day NAV if the application is submitted …
What rule SEBI has changed about Mutual Fund NAV? Read More »
