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- Inflation indexed bonds may be issued within a month
- Indian Mutual funds that invest in Barzil
- Gold loans Vs Personal loans
| Inflation indexed bonds may be issued within a month Posted: 22 Apr 2013 04:02 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Inflation-indexed bonds will help investors hedge their savings against inflation
THE Reserve Bank of India (RBI) is expected to launch within month the inflation-indexed bonds (IIBs), with seven to 15 years maturity, which will help investors hedge their savings against inflation.
"This was announced in the budget. We have also announced in our auction calendar and we hope (to issue IIBs) within a month's time," RBI deputy governor H R Khan said on the sidelines of an event organised by National Housing Bank here.
"Bonds will have their own guidelines and features. As of now it will be linked to wholesale price index. Every six months, it will be indexed," he said.
Khan said there are one or two design features that are being discussed with the government.
On the maturity period of these bonds, Khan said it would range between seven and 15 years.
"Right now, the plan is that it will be issued like any other government security... What we are proposing is that non-competitive portion (retail portion), we have higher percentage of bidding, it could be 10 per cent, it could be 15 per cent, or 20 per cent. So, it will be earmarked for the small fellows, trusts or individual, those who have gilt accounts," he said.
Retail investors can get the bonds without participating in the auction at the cut-off price, Khan said.
"Then after few months, we will think of some certificate based on this," he added.
The central bank, for some time, has been planning to introduce IIBs to wean away investors from gold as a hedge against inflation.
Finance minister P Chidambaram in the budget speech had said: "I propose to introduce instruments that will protect savings from inflation, especially the savings of the poor and middle classes. These could be inflation indexed bonds or inflation indexed national security certificates." On external commercial borrowings (ECBs) for affordable housing, Khan said: "We have come out with the $1 billion scheme and this year we are going to continue that." He further said that RBI will adopt "a cautious approach because housing doesn't generate foreign exchange." "So, we have to see that we have really viable projects and we don't get into difficulty. We have to balance the requirement as well as the currency mismatches. We have to take a balanced approach," he added.
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--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
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| Indian Mutual funds that invest in Barzil Posted: 22 Apr 2013 01:28 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Below are the Indian Mutual funds that invest in Barzil
1) HSBC Brazil
2) ING Latin America Equity
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
|
| Posted: 21 Apr 2013 10:22 PM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Indians have special attachment towards gold. Sometimes this attachment goes beyond the obvious intentions of gaining from any rally in gold prices.
For Indians, gold remains a safe haven that provides peace of mind when many avenues of investments seem to be unremunerative. With the recent fall in gold prices, there is an increasing interest among investors to accumulate this alluring asset. Some wait for further fall. And then there are experts, which are predicting the end of bull run in gold prices. Amidst such mixed signals on gold prices there is a lucrative opportunity of availing a loan against gold. It is largely observed that availing loan against gold is a far better option than availing personal loan. Let us see how availing loan against gold works better than a personal loan.
A banker is always comfortable lending against a security compared with a loan application backed by no security. Better the quality of the security, faster the loan disbursement. Your gold ornaments are a good security for a bank. Bank knows the fact that in case of non-payments of dues it can auction the gold and realise its dues. Typically, a bank lends against your ornaments in a few hours. This includes the processing of the loan application and ascertaining the value of your ornaments. You can avail up to 60 percent of the value of gold ornaments. Banks charge interest rate in the range of 13 percent to 14 percent on the loans against gold. These loans come with tenure of one year. Banks do not ask for a guarantor while disbursing a gold loan. Some banks do entertain pre-payment of loans without any pre-payment penalty and in some cases it is around 1 percent. And all this comes to you at a nominal processing fee of around 1 percent of the sanctioned amount of the loan.
Juxtapose these advantages with a personal loan. A personal loan comes with tenure of one to three years and the rate of interest charged ranges from 16 percent to 22 percent depending upon the credit profile of the borrower. A borrower has to arrange for a guarantor while taking a personal loan. Banks insist on income proof and conduct thorough due diligence to ascertain applicant's repaying capacity. This takes at least three days to couple of weeks to process and disburse the loan. You have to pay around 2 percent to 3 percent processing fee for a personal loan. If you choose to prepay it, the prepayment charges are around 2 percent to 3 percent. Compared with gold loan, personal loans score low for the borrower on all parameters including ease of getting loan and the price to pay for such a loan.
Hence, gold loans can be a good alternative to personal loans. You can judiciously use gold loans in multiple ways. It can help you raise funds to pay off some high cost liabilities such as credit card outstanding. You can raise money for medical emergencies using gold loans. It can also help you pay for some important expenses such as your child's education. If you are running a business, you can consider taking an overdraft facility against the gold ornaments deposited with the bank. This can help you meet your working capital requirements as and when they arise. You pay a simple interest only for the amount utilised for the number of days. Some individuals can look at such overdraft facility against gold as a very good alternative to 'creation of an emergency fund'.
For example, a salaried individual may find it difficult to keep aside money equivalent to one year's expenses aside, but he can keep his gold ornaments with the bank and take an overdraft facility that allows him draw funds if need be. Thus, gold loans can help you strengthen your financial plan and come handy to you in many ways.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
|
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