23 Dec 2011

NCD, Pension Returns, Target Investment Plan, Gold Investing and More

Here are some updates on personal finance that you may find useful. 
Questions, please ask here
15 Dec 2011

Thank You For 1 Million Views

One Million Content Hits, Thank You

Posted: 15 Dec 2011 08:27 AM PST

Just noticed that my website crossed 1000000 content view hits. Thanks for reading. The site has content on 347 topics and growing.

personal finance website statistics

1 Million!

The statistics are on the right sidebar, near the bottom of the website, if you are interested.

More importantly, thanks for your emails and calls that encourage me to share more and more information.

Thanks.

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Most Commented Posts

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13 Nov 2011

Useful Links on Personal Finance and More

Here are some links that you may like to read:

Any pointers on what I should write about? Thanks

If you are open to taking a significant amount of risk for capital appreciation, equity and equity related mutual funds are your best bet. That means if you are investing in equity MF’s through the systematic investment plan (SIP) route for your long term objectives, do not discontinue the existing SIP’s.

However, if you are conservative and think that the safety of capital is paramount, but still want returns better than what fixed deposits can offer, debt MF’s is the right fund for you. You can diversify across debt paper of varied maturity periods which will ensure safety of capital as well as optimum returns.

Selecting the right fund according to your risk appetitive is a very important aspect of investing as you yourself are going to enjoy the profits earned.

8 Nov 2011

Money Management LinkFest

Want to read useful articles on managing money? Here's a list

19 Oct 2011

Links on Personal Finance, Financial Planning and Related News

Thanks,

Founder, RupeeManager
Blog; Website; Software

10 Oct 2011

Stock Shastra: Investing in PPF

Stock Shastra, a MoneyWorks4me initiative has an article on investing in PPF


Public Provident Fund (PPF) is perceived as an investment option with the lowest possible risk. Most of us plan it as a part of our long-term investment strategy, owing to its certainty and safety – its backed by the Government after all; to add to this, the money is also exempted from tax! 

But is it as good as it sounds? Though this investment is ‘Government-backed’ one needs to think about whether this investment is actually very safe and also whether it provides returns commensurate with the risk and rising inflation. In this article, we become the Devil’s advocate and question whether it is still a good investment option. 

Read on for more


15 Aug 2011

Happy Independence Day!

BrahmaKumaris message on Independence Day:

Happy Independence Day!

Often we feel trapped - sometimes by destiny or circumstances, other times by people or our own ‘sanskars’.

When there is an external stimulus, a situation or someone's words, we react automatically without being fully aware of the capacity of choice that we have or of the consequences of our reactions. We let our mind think even without realizing what we are thinking. We think on an autopilot and then blame others for how we feel.

Nobody forces us to think in one way or another; nobody can get into our mind except ourselves.

Freedom is being capable of choosing our thoughts and feelings and responding in every situation without being conditioned by external factors or the negative tendencies of our personality.

Today, let’s free ourselves from our old patterns of thinking and behaving, clean past hurt, resolve conflicts, let go of everything that we have held on to which only addicted us to pain.

Let’s simply be what we are in a natural way – a peaceful and loving being.

Freedom is just one thought away. Let’s create that thought today.

Happy Independence Day!

-------

Kindly note that if you are not receiving 'Positive Reflections For The Day' already and would like to receive it daily, please send a blank email to positivereflections02@gmail.com from your email address with 'SUBSCRIBE' written in the subject.

Warm Regards,
Brahma Kumaris

- Watch 'Awakening With Brahma Kumaris' daily on 'Headlines Today' at 6:30 a.m., 'Aastha' at 7:10 p.m. and 'Sanskar' at 10:00 p.m.
- Watch our new series on Healing Relationships - SOUL CONNECTIONS on ‘Awakening With Brahma Kumaris’ in English every Sunday, 9:30 pm to 10:30 pm on ‘Aastha’ Channel.


2 Mar 2011

SBI Bonds Issue: 2011

SBI said it plans to retain a portion of the retail over-subscription to its tax-saving bonds issue, which will take the total amount raised through the mega issue up to Rs 5,500 crore. 

"We will retain up to may be Rs 5,500 crore... The rest we will return," Bank Chairman O P Bhatt told reporters on the sidelines of an IBA conference here today. 

As against an allocated Rs 1,000 crore, subscription by retail investors stood at Rs 4,500 crore, while an additional subscription of nearly Rs 4,000 crore came from other investors, including high net-worth individuals. 

"Our terms of issue are such that in the retail segment, we could take as much as we want up to Rs 10,000 crore, while from other investors we can take up to Rs 1,000 crore," Bhatt explained. 

The issue, which had opened on February 21, closed yesterday. Investors were attracted to the issue because of its competitive coupon rate and the timing, as the end of the fiscal is usually when individuals do tax-saving investments. 

This issue is part of the Rs 10,000 crore retail bond programme SBI has planned for FY'11 through FY'12. The bank had raised Rs 1,000 crore through in the first tranche of the issue last October, which was oversubscribed 19 times. That was the first retail bond offering in the country by a corporate entity. 

The bank is offering a 9.75 per cent coupon rate to retail investors on the 10-year bonds and 9.3 per cent for non-retail applicants. These bonds carry a call option in the fifth year. 

For the 15-year bonds, the coupon is 9.95 per cent for retail investors and 9.45 per cent for non-retail investors. These bonds have a call option in the tenth year.

16 Feb 2011

UTI Fixed Maturity Plan

We saw a review of FMPs and here's an announcement

UTI MF announced the launch of UTI Fixed Maturity Plan - Yearly Series - February 2011 (YFMP 02 / 11) and the details are as given below:
UTI Fixed Maturity Plan - YFMP (02 / 11)
Launch Date/Specified 
Transaction Date 
(in case of 
interval fund)		 Last DateMaturity Date Minimum AmountEntry Load
16-Feb-2011 21-Feb-2011March 23, 2012  10,000 (Retail) 
 1 Cr (Institutional)		 Nil
Who should Invest?
For all class of investors i.e. Corporates , HNIs , MNIs & Retail who have a pre 
decided investment horizon. 
 - As a prudent investor one needs to have a proper asset allocation in place 
   and FMPs offer that much-needed stability to the investment portfolio. 
 - Thus, even aggressive investors who normally prefer equity investments 
   should invest a part of their corpus in FMPs.
Investors who are not satisified with the returns from conventional 
fixed income avenues
FMPs are ideal for 
 - Risk-averse investors who seek safe avenues for investment and 
   in the process keep money in the form of bank deposits 
 - Investors who want to park money for a fixed period of time with a 
   view to meeting certain financial goals in near future
 
The Tax Angle
In the case of FMPs the return can be in the form of dividend or 
capital appreciation depending upon the option of the investor 
 - Dividend is tax free in the hands of the investor while the fund 
   has to incur a Dividend Distribution Tax 
 - In the case of investments for more than a year and under 
   growth option, long-term capital gains tax at 11.33% (without 
   indexation benefit) and 22.66% (with indexation benefit) is applicable
Ranjan Varma
Blog; Website; Software

29 Sep 2010

Personal Finance Updates

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The updates are on stocks, insurance and banking.

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