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Do you know difference between dirty bond price and clean bond price?

Jan 18, 2014

Do you know difference between dirty bond price and clean bond price?

To understand the difference between the dirty price of the bond and clean price of the bond, first we need to understand the difference between the coupon rate of the bond and yield. #Bonds #Money #PersonalFinance #Yield #dirty bond #clean bond #coupon
Edelweiss 11.85% NCDs open tomorrow: All you need to know

Jan 15, 2014

Edelweiss 11.85% NCDs open tomorrow: All you need to know

Edelweiss Financial Services Limited announced its public issue of secured non-convertible debentures (NCDs). The issue is open from 16 January to 27 January. The issue aggregating to Rs 250 crore, comes with an option to retain over-subscription up to Rs 250 crore. #IIFL #PersonalFinance #Muthoot Finance #non-convertible debentures #Certified Financial Planner #Edelweiss Financial Services Limited #NCDs #Manapurram Finance
JP Morgan launches fund to invest in European equities

Jan 14, 2014

JP Morgan launches fund to invest in European equities

This fund is an open-ended fund of funds, and is open for subscription from 17 January to 31 January. The fund will re-open on 10 February. #Money #MSCI #PersonalFinance #SIP #JP Morgan Asset Management India #Europe Dynamic Equity Offshort Fund #Systematic Investment Plan #Systematic Withdrawal Plan #Certified Financial Planner
11 changes your money went through in 2013

Dec 30, 2013

11 changes your money went through in 2013

With a number of regulatory changes as well as some innovation in financial instruments, there were perhaps too many things to keep track off. #RBI #Banks #SEBI #Irda #Credit cards #Income tax #Money #PersonalFinance #loans #National Savings Certificate
Christmas special: 10 personal finance tips from the Bible

Dec 25, 2013

Christmas special: 10 personal finance tips from the Bible

The tips are so mind boggling that it looks like modern day financial planners have borrowed a leaf from ancient scriptures to make the foundation principles of modern day personal finance. #Ponzi scheme #Budget #PersonalFinance #taxes #Bible #contingency funds
Can you afford to ignore RBI's retail inflation indexed bonds

Dec 20, 2013

Can you afford to ignore RBI's retail inflation indexed bonds

It is an inflation-indexed bond which come with a face value of Rs 5,000. This is also the minimum amount you can invest. The maximum amount is Rs 5 lakh. #Inflation #RBI #PPF #Interest #Bonds #PersonalFinance #CPI #inflation index bond
Relief for borrowers: SBI, HDFC cut home loan rates

Dec 20, 2013

Relief for borrowers: SBI, HDFC cut home loan rates

Borrowers who are looking for a loan above the loan amount of Rs 75 lakh will have to pay 15 basis points more, that is 10.30 percent. For women borrowers, the bank has also announced a discount of 5 basis points. The new rates will be effective from 20 December. #RBI #Interest rate #NewsTracker #SBI #Raghuram Rajan #PersonalFinance #Home Loans
RBI's New Year gift: CPI-linked savings certificate by month-end

Dec 19, 2013

RBI's New Year gift: CPI-linked savings certificate by month-end

MUMBAI: To offer a hedging option to investors who are getting a negative real rate of return due to high inflation, RBI governor Raghuram Rajan on Wednesday said the apex bank will launch the consumer price inflation (CPI)- indexed savings certificate product by this month end. The rate of interest for the product's inaugural run will be 1.5 per cent above the annual average of the CPI. "We are coming out with inflation indexed certificates (IISC) tied to the CPI this month. That will give savers the opportunity to invest in assets that produce real returns," Rajan told analysts after presenting his mid-quarter policy review. "The real return is being fixed at 1.5 per cent for this first roll out of IISC," Rajan said. CPI index rose to the nine-month high at 11.24 per cent for November on the back of an increase in food items. Rajan had earlier announced the product in his first interaction with reporters on the day of taking charge as the head of the central bank and announced that it will be launched by November. The certificates will be second in a series of products after the Inflation Indexed Bonds (IIB) which have been launched to counter the effects of price rise for investors. IIB is linked to the whole price index-based inflation. Rajan on Wednesday reiterated that offering real rate of returns is very much on the mind of the central bank. It can be noted that the negative rate of return is one of the main issues why investors are moving towards physical assets like realty and gold, which have driven away investors from financial instruments to physical assets like the high current account deficit and a worry about a potential asset bubble forming up. #RBI #Raghuram Rajan #PersonalFinance #CPI #Savings certificate
HIV/AIDS patients will have to pay higher premium for life insurance

Dec 13, 2013

HIV/AIDS patients will have to pay higher premium for life insurance

Insurance Regulatory and Development Authority (IRDA) Chairman T S Vijayan said insurance companies will provide life cover to persons with pre-existing illness, but the pricing will be based on commercial considerations. #HIV #AIDS #Life insurance #PersonalFinance #premium
Strive for a 12-18 month clean track record in credit reports: Experian

Dec 10, 2013

Strive for a 12-18 month clean track record in credit reports: Experian

A credit report is the banking system's perception about an individual and so it is important to scrutinise it for any errors and keep it up to date with information, said Mohan Jayaraman, Managing Director, Experian Credit Bureau. #Credit card #PersonalFinance #Credit report. Experian
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