In your interest.
Online Personal Finance Magazine
No beating about the bush.
Launching funds based on various themes is what mutual funds are smart at. Not many perform consistently. Among the many losing ideas that mutual funds come wrapped in, one is contra funds. We forecast this in our very second issue (March 2006) and the facts have never contradicted us. There are just eight currently on offer to investors. (Mercifully, fund houses have been slow in inflicting...
With credit getting tighter and delinquencies rising, many more consumers are becoming aware about credit bureaus -- agencies that track credit histories of individual borrowers. So far, Credit Information Bureau of India Limited (CIBIL) is the only such bureau operating in India, but we understand that 14 others have applied to the Reserve Bank of India (RBI) for a business licence. At least...
While the entry of credit bureaus may be good for customers, lenders are seriously worried about increased delinquencies. Almost all lenders are out of low-ticket lending or have restricted it to those with an established record. ICICI Bank, Citibank and GE are out of the market; Barclays has accumulated its share of delinquencies and others such as Indiabulls have also slowed down their...