In your interest.
Online Personal Finance Magazine
No beating about the bush.
There are many ways in which the global financial turmoil will impact you, whether or not you have invested in the stock market
On a day when the Sensex had crashed 700 points after two weeks of financial turmoil that destroyed several mega US investment banks, a local televison channel decided to get public reactions to the global crisis. We saw the expected laments from investors and...
Check FMP portfolios. Don't get carried away by tax breaks alone
Last week, I wrote in defence of good old fixed deposits (FDs) with safe large nationalised banks. A couple of days later, this message popped up in my mailbox. “Did you know tax on interest earned on fixed deposits can be as high as 33.99%? That’s why Fidelity’s Fixed Maturity Plan (FMP) makes sense. The fund will aim to...
Investors’ funds cannot be confiscated without attempting to find them
Ever since the Ministry of Corporate Affairs transferred nearly Rs400 crore of unclaimed dividends from companies to the Investor Education & Protection Fund (IEPF), the government as well as financial regulators have been wanting to seize other pools of unclaimed money. Under its former chairman, M Damodaran, the...