Did you notice that now, for unused or dormant bank accounts, no more we receive message mentioning that we have negative balance figure like “credit balance of -973 Rs”. This is because now banks have a category of savings account called the BSBD Account or Basic Savings Bank Deposit Account. So now dormant accounts withRead More
What Is Offer Document & KIM? Should You Read Before Investing?
All Mutual Fund advertisements ends with “Read the offer document carefully before investing”. But have you read one? Are you sure your agent/advisor has read one? Well, Offer document & KIM are tough & non-fiction reads. So many of us do not bother to go through offer document & KIM before investing. Let see inRead More
Voluntary Provident Fund – A Good Choice in Fixed Income
Very few instruments have “fixed rate” & “tax-free” tag associated with them. Considering last year when rates in fixed deposits were at lowest and debt funds being highly volatile, Voluntary Provident Fund is an ideal choice for debt investments. Let’s see the details. The advantage of investing in voluntary provident fund lies in the factRead More
Fixed or Floating Rate Home Loans
Home Loans have again started to go up after an about year. Many of you either are waiting for your dream house or have made a plunge and acquired a house on loan. You should avail fixed or floating rate home loans? Answer has been always mysterious if you are not tracking the interest rateRead More
What is Estate Planning?
Creating assets is on top of your mind – good. But have you thought what will happen to your assets (or liabilities) after you? Well, no one likes to think for “that day”. But friend – laws do not understand your fear of death. You need to define & document your thoughts on how yourRead More
Pros & Cons of Investing in International Funds
Today traveling to a foreign country is no more a “lucky chance”. In earlier days people use to show horoscopes to learned men and wanted to know if they have “videsh yatra yog” (destiny to fly abroad). But today we see lakhs of Indians crossing the border for work, education & pleasure. So what aboutRead More