Money Hacks Carnival #29: Food Heaven
Sep 10th
Here’s another carnival of Money Hacks. A fantastic collection of posts all at one place. The post What if I gave you 100,000 bucks? by yours truly has qualified as an Editor’s Pick! The posts in the carnival are classified into different categories so you could jump right to the one you’re most interested in.
Look no further, check out the Money Hacks Carnival #29.
Thank you LAL.
Not Peter Lynch or a Warren Buffett? Try Index Funds
Sep 6th
photo by thelastminute
Everyone might be familiar with mutual funds especially ELSS (Equity Linked Savings Scheme) coz that seems to be one of the favourites with salaried-class people. After all, it’s eligible for that deduction under Section 80C and plus has a potential to give you returns far better than traditional investment avenues such as Provident Fund (PF) and National Savings Certificate (NSC). However, investing in ELSS means a lock-in period of 3 years.
Consider this – you’ve already invested in ELSS and have some extra money that you wish to invest in stocks. You could be one who is a pro when it comes to investing directly in stocks. Or you could be someone who depends on friends / family for guidance. Then there are times when you really don’t have the time to track the stock market, more specifically, trying to figure out which are the stocks that you should ride your money on. In such a case, index funds are a good avenue to look at. Continue reading “Not Peter Lynch or a Warren Buffett? Try Index Funds” »
NSC and KVP take the demat route
Sep 2nd
National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) are the two of the most commonest investment instruments in India. Well, if you have invested in these and you’re based out of Mumbai, you’re in for some good news.
The postal department has been running a pilot project in Mumbai to electronically credit NSC and KVP details in an investor’s demat account — just like shares — instead of issuing the usual physical certificates. Thirty five major post offices in the region (Mumbai, Thane and Navi Mumbai) are authorised to offer NSCs and KVPs in demat form. Now post offices in Mumbai are urging investors to opt for NSCs and KVPs to choose the demat option during the application process. Continue reading “NSC and KVP take the demat route” »
What if I gave you 100,000 bucks?
Aug 30th
Imagine if you had Rs 100,000 and had the full freedom to decide where to park (invest) it — where would you put it? Rewind — last quarter of 2007, no doubt it would’ve been the stock market calling your money. But hey, considering the bearish sentiments in the stock market today you’ve got to carefully evaluate your investment decisions.
Here’s how you could look at investing the amount:
CASH IS KING
With the inflation rate at 12.40% (approx as on Aug 28, 2008) you’re gonna have higher outflows in your monthly home budget. Make sure you have about 3-6 months of your living expenses set aside in either:
(1) A savings account that’s linked to a fixed deposit. This ensures you enjoy a slightly high rate of interest (as compared to a normal savings account) along with the liquidity of a Savings Account. And hey, you don’t even pay any penalty to access your funds which otherwise is the case when you access your funds in a normal Fixed Deposit account. Continue reading “What if I gave you 100,000 bucks?” »
3 Things Your ATM Will Soon Do
Aug 26th
Your neighborhood ATM could soon boast several value additions to ease the banking chores. Some of these features have been launched on a trial basis, while others are used abroad and could soon find their way to India. Here are those features:
Instant Cheque Deposit
The cheque truncation solution, currently in place in most leading banks in the NCR, cuts short the time required to process a cheque. When this facility is shifted to ATMs, you can have the cheque scanned and the amount will be credited ‘instantly’ to your account and you will also get a copy of the cheque for your records. Wow, how cool is that? Faster than NEFT / RTGS …! Continue reading “3 Things Your ATM Will Soon Do” »
Breaking News – New Business Definitions
Jul 8th
BSE = BOMBAY SE EXIT
NSE = NATION SE EXIT
F/O = FUTURE OVER
NIFTY = NO INCOME FOR THIS YEAR
FII = FRAUD INTERNATIONAL INVESTOR Continue reading “Breaking News – New Business Definitions” »
BUY: KEI Industries, target Rs84
Jun 21st
Source: Sharekhan
Recommendation: Buy
Price target: Rs84
Current market price: Rs47
Price target revised to Rs84
Result highlights
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KEI Industries (KEI) has reported an increase of 24.6% in its revenues to Rs258.5 crore for Q4FY2008. The growth in its sales is in line with our expectations.
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During the quarter the company made provisioning for mark-to-market losses of Rs3.67 crore on its exposure to foreign currency derivatives made for the purpose of hedging currency and interest rate-related risks.
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Adjusting for the provisioning, the operating profit grew by 7.9% to Rs27 crore, translating into an operating profit margin (OPM) of 10.5%. Thus, in Q4FY29008 the OPM declined by 160 basis points year on year (yoy). Continue reading “BUY: KEI Industries, target Rs84” »
ESS DEE Aluminium Ranks No.1 in Packaging Sector
Jun 11th
ESS DEE Aluminium Limited has informed the Stock Exchange that: “ESS DEE Aluminium Limited has been ranked No.1 in the Packaging Sector for the year 2007 based on the ranking of the Top 500 Indian Manufacturing SMBs, initiated by Industry 2.0, a monthly manufacturing technology publication. Shri Sudip Dutta, Chairman & Managing Director of the Company received the Award of being the Top Indian SMB in Packaging Sector for 2007 at the Second “Industry 2.0 SMB Conclave & Awards Night” held on 30 May 2008 at New Delhi”. Continue reading “ESS DEE Aluminium Ranks No.1 in Packaging Sector” »
