Home / Category / Personal Finance

From the category archives:

Personal Finance

Top 5 options to save for a rainy day

by free stock tips on July 28, 2010

in Personal Finance

THE interest rates are rising. It is good news for some – those who look at making deposits; bad news for some – those who are looking at taking loans. Savings however have to be channelled carefully so that the maximum can be gained from the deposits. Here are the top 5 savings instruments in [...]

Tagged as: ,

{ 0 comments }

Smart investor: Choosing funds for SIPs

by free stock tips on July 22, 2010

in Mutual Fund,Personal Finance

A decade ago, choosing an investment option for monthly savings was a lot easier. Most investors went with time tested products like recurring deposits, public provident fund. The interest rates were good enough at 9% and there was no need to look at other options. In the last decade, a lot has changed for the [...]

Tagged as:

{ 2 comments }

How Credit Cards Work

by admin Credit Card

Today credit cards have found widespread usage due to the convenience they offer. Unlike the old days, you do not have to carry large sums of money when you go shopping. All you need to do is take your credit card with you when you go out shopping, select whatever you want to buy, hand [...]

Read the full article →

What documentation you need before apply Home Loan : Pre-requisites of Home Loan

by free stock tips Loans n You

The realty prices have gone up so much over the years, that everyone cannot afford to buy his or her `dream home`, without a home loan. With home loans available on EMI basis, more and more people from all income groups are applying for it, for purchasing their house. So would you also like to [...]

Tagged as: ,

Read the full article →

Home loan swap window to help out interest rate hikes

by admin Loans n You

The government may seek changes in the prepayment rules to enable a home loan borrower to shift to cheaper lenders if his bank raises interest rates soon after disbursing the loan. The government wants banks to provide a two-month window to their new borrowers to shift to some other bank without prepayment penalty if they [...]

Tagged as: ,

Read the full article →

Opening a trading account, first step to Online Trading

by free stock tips Personal Finance

Shishir, an IT professional working in a software company is a strategic equity investor. During his busy office schedule he takes 10 – 15 minutes time out to visit online share trading and perform his transaction. There are many people like Shishir are using online share trading portal to invest money. Share trading method is [...]

Tagged as:

Read the full article →

ELSS or SIP: Which route is best for your investments?

by free stock tips Mutual Fund

Equity diversified NAVs ended higher Wednesday with advance:decline ratio of 221:23 as the Equity benchmarks witnessed consolidation throughout the session on Wednesday, ahead of F&O expiry tomorrow for the month of June. First half of trade was negative with modest losses on weak global cues and the Nifty struggled at the 5300 level. However, the [...]

Tagged as: ,

Read the full article →

Banking Codes and Standards Board of India

by admin Personal Finance

Banking Codes and Standards Board of India had introduced new rules for banks to increase transparency and customer services. Let’s look at these new rules 1. Interest rate information: In case if a customer has borrowed against a floating rate of interest, then he/she has to be informed about any change in rate through given [...]

Tagged as: ,

Read the full article →

The Trouble With ULIPS

by admin Insurance n You

The row between the Insurance Regulatory and Development Authority (IRDA) and the Securities and Exchange Board of India (SEBI) is turning into an arm-wrestling match between two statutory bodies with huge clout. The chain of Sebi’s argument goes like this. Life insurers offer unit-linked insurance plans (Ulips). Ulips invest in equity. Hence, Sebi wants Ulip [...]

Tagged as: , ,

Read the full article →

Less credit is good for your credit card

by admin Credit Card

What is credit limit ? All credit cards have a prefixed spending and cash withdrawal limit. If you are a ‘good’ user of the card (read pay your bills on time for a certain period, take a loan, use your card often etc), your banker may increase the limit for the credit card Interesting conversation [...]

Tagged as: ,

Read the full article →