1 vote
Nomination is important and you should ensure you have nominated a person who will be entrusted with your money in case of your death. Without a nomination, if you die, it will be cumbersome for your legal heirs to take control of your investments. By having a nominee, the amount gets transferred directly to him/her in the event of your death and the process is fairly simple, with nominee having to prove identity. You can change the nominee as many times as you wish, by filling the relevant for
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1 vote
The average assets under management (AAUM) of domestic mutual funds declined in November for a successive month. Continuous redemption pressure is not letting fund houses garner assets, despite a robust inflow of fresh money.
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1 vote
After an uneventful start, it began to get noticed in 2006, when Srinivas Rao Ravuri assumed charge.
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1 vote
I want to start investing in mutual funds (MFs). I have no understanding of market risk. I don't have a demat account.
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1 vote
I am 43. We are a family of four with two dependents, my son and my mother.
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1 vote
I am 28 and have Rs 5 lakh to invest for the next 18-20 years. Please suggest mutual funds where I can invest this amount.
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1 vote
Microfinance Institutions (MFIs) in Andhra Pradesh are mulling to extend the period of repayment by their borrowers by 2-3 times depending on the quantum of amount lent.
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1 vote
Assets rise 13% in first half, as local funds show a fall in AAUMs.
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1 vote
HDFC MF the most profitable, followed by Reliance, UTI & ICICI Prudential.
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1 vote
The banking sector continued to be the most favoured of mutual fund (MF) managers at the beginning of the second half of the financial year.
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1 vote
I am 42 and can save Rs 20,000 a month, which I want to invest in mutual funds for the next 3-5 years. Guide me to select funds.
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1 vote
Volatility in the equity markets is again affecting domestic mutual funds. Companies, after a brief spell, pre-Diwali, of being net buyers, have turned net sellers in equities.
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1 vote
I am 59 and plan to retire at 62. My annual income is Rs 40 lakh and my office pays for my accommodation, car, driver, phone, electricity and servant. I have other travel expenses of Rs 12 lakh, medical insurance of Rs 39,000, income tax payment of Rs 12 lakh and miscellaneous household expenses of Rs 3 lakh. I have no provident fund, but I deposit Rs 70,000 every year in PPF. My wife is my only financial dependant. I have two apartments that have been let out for Rs 38,000 a month.
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1 vote
I want to start a systematic investment plan (SIP) of Rs 3,000 each month for my new-born child. My insurance agent is pitching a Ulip.
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1 vote
A few mutual funds invested in one-year certificates of deposit today due to inflows in their fixed maturity plans, dealers said.
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