Central Govt agrees to waive ‘interest on interest’ on loans up to Rs 2 crore
What is the benefit? Banks and NBFCs will credit compound interest levied on loans up to Rs 2 crores for a six-month moratorium period back to the borrowers by 5th November 2020. Under the scheme, the difference between the compound interest and simple interest will be credited to the borrower’s loan account for the period...
Sure-shot method of never running out of Cash
Our worries regarding the finance circles around looking for the optimum return on investment. However, there’s much more to financial fitness than just investments. We do not need a single shot solution. Rather, we need a system. We feel guilty about the mess in our money lives. We feel worried about saving enough for our...
Six tranches of Sovereign Gold Bonds in next six months
The Sovereign Gold Bonds are going to be issued in six tranches from October 2020 to March 2021. So now you can plan your gold purchases. Following is the list for details: Tranche Date of Subscription Date of Issuance 2020-21 Series VII October 12-16,2020 October 20,2020 2020-21 Series VIII November 09-13,2020 November 18,2020 2020-21 Series...
UTI AMC IPO – Here’s all you need to know
UTI Asset Management Company (UTI AMC), the oldest AMC of the country is coming out with an IPO on Sept 29, 2020. Here’s all the details you need to know like Price band, Date, Minimum lot size, etc IPO Details UTI AMC IPO DETAILS IPO Date Sep 29, 2020 – Oct 1, 2020 Issue Type...
Multi-cap mutual fund category modified! SEBI issues new guidelines
What is the present investment rule for multi cap category? At present, the rule is to invest a minimum of 65% in equities, and then fund managers can invest across market capitalization (large, mid or small cap) as per their choice. What is the new guide line issued by SEBI? SEBI on Friday, issued a...
Happiest Minds IPO – Important points to know
Happiest Minds Ltd is coming up with the IPO opening on September 07, 2020 and closing on September 09, 2020. The Price Band for Happiest Minds IPO is fixed at Rs.165-166 per equity share with a face value of Rs.2 per equity share. The minimum lot size is 90 shares. Happiest Minds Limited is a...
All about Investment in GOLD
Like no other commodity, Gold has held the fascination of human society since the beginning of the common era. Empires and kingdoms were built and destroyed over Gold, but since as humans developed, Gold was accepted as a satisfactory form of payment. In short, history has glorified Gold than any other commodity on the planet,...
Understanding Debt Mutual Funds
Debt mutual funds are a category of mutual funds that invest primarily in fixed income instruments (example bonds) issued by government, public and private companies. Or simply you can understand that the money you put in a debt mutual fund, is in turn lent out to private/public companies or government bodies. Mutual funds get interest...
Invest 3 mins to make extra 3 Crore!
“Mutual Funds Sahi Hai” – a 30 second ad would have prompted you to invest in Mutual Fund. Here, we present you a 3 minute read – which will give valuable insight on how a one-time investment of Rs. 10 Lacs, if invested properly, will give you extra Rs. 3 crore. In this article, we...
Leaving behind your assets for your Loved Ones
In these challenging times of the Covid’19 pandemic, estate planning can be at the forefront of ensuring that individuals and their loved ones are protected. Certain high-risk groups, such as medical professionals, first responders, and the elderly or other compromised persons, may be more motivated to update existing plans or establish estate plans for the...