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Month: January 2010

2 / 4

Suckered: 100% commissions with Kotak Smart Advantage plan

ULIP Advisors just do not know how to stop. Someone who harvested phone numbers from random sources calls me and says he’s from Kotak and selling me a plan ...

Nifty drops 4.5% or 230 points last week

The NSE Nifty drops about 4.5% since it hovered around the 5275 levels early last week – with the last four days being falls on higher volumes. The Reliance ...

NPS offers Tier 2 Accounts

The New Pension Scheme (NPS)* , after letting everyone in on it’s Tier 1 account, offers a Tier 2 account now. Recall that the Tier 1 account was not ...

Reader Comment: PPF Interest Calculation

There was a doubt from a commenter: One question regarding PPF. http://www.rediff.com/getahead/2005/may/06ppf.htm Please read "How to make it work to your ...

Credit Growth Hits 13%, RBI allows Corp Bond Repo

Credit Growth as of Jan 1, 2009 was at 13.61% year on year, with total outstanding credit crossing 30 trillion rupees for the first time ever. (Click for a ...

“Capital Mind” is the New Blog Title

From “The Indian Investor’s Blog” this is now “Capital Mind”. After nearly 8 years the name deserved to change and eventually needs to get it’s own ...

HDFC grows EPS 20%

HDFC announced results yesterday and produced an Earnings Per Share (EPS) of Rs. 22.65, a 20% growth over Q3 FY09 (Rs. 18.89). Profits were at 671 cr. – ...

EURO-INR, JPY-INR, Pound-INR contracts in India

SEBI has allowed trading of additional currency contracts apart from the currently traded USD-INR contracts. We’ll soon be able to trade the Euro, the ...

Low Annuity Returns in India

Why are annuity rates in India so crappy? (Annuity: Pay a lumpsum now and receive a fixed income for the rest of your life) This is the return for a 50-lakh ...

Should you invest in Tax Saving Mutual Funds?

If you buy a tax saving mutual fund – an ELSS scheme or something with “taxsaver” in it – you expect a tax deduction. But does it always apply for you? ...