Investors press exit button; withdraw money from gold ETFs in Oct to book profit
Gold ETFs have witnessed an inflow in just five months in the last six years.
9 money management skills kids should learn: How does your child score?
Is your child managing money right? Are his/her money skills on the right track or is there something you could do to check them if they are not? Find out how your child scores on these nine aspects of personal finance.
Family finance: Headstart in financial planning gives Sadekars enough time to meet goals
A headstart in planning gives Pune-based Sadekars a long time horizon despite deferring some goals. Their goals include building an emergency corpus, saving for their future child's education and wedding, buying a car and building a retirement kitty.
How to give your children a head start in investing
Parents can transform the lives of their children if they give them the right financial advice in their formative years itself. They must also lead by example. They can’t be splurging themselves and expecting their kids to be prudent with money.
How this taxi driver lives on his own terms with little financial protection, support or security
There are small chit funds that the taxi drivers operate among themselves. This taxi driver finds it most useful. The money is safe among friends. Each one gets a lump sum whenever there is the need. He draws his chit when he goes home on vacation.
Where should I invest Rs 30 lakh to generate monthly income of Rs 20,000?
You should split the Rs 30 lakh between a mix of government-backed schemes, mutual funds and corporate fixed deposits. Park Rs 4.5 lakh in a Post Office Monthly Income Scheme. This will earn you a 7.6 percent interest per annum, payable monthly.
Stock pick of the week: Factors that have made JSPL a favourite of analysts
JSPL is expected to win the Chhattisgarh’s Gare Palma coal block allotment, as it is the highest bidder and also a former allottee of this mine. It will help the firm to make an annual savings of around Rs 500 crore and raise its EBITDA by around 7%.
What is a concentrated mutual fund portfolio?
The more concentrated a portfolio is, the higher the chance for its returns to deviate significantly from the benchmark, either positively or negatively.
PM may call for reformed multilateralism, stricter action against money laundering
PM Modi who will be attending his sixth BRICS Summit including the one he hosted, will continue to emphasise on reforms for international financial architecture, said people aware of the matter. In the backdrop of the current geoeconomics, the PM will pitch for transparent, non-discriminatory, open, free and inclusive international trade.
No claimants for dormant Swiss accounts of Indians; some may get liquidated soon
A dozen dormant Swiss bank accounts linked to Indians are unclaimed and may soon be liquidated.
Nawaz Sharif's travel to London for treatment in limbo as his name figures in no fly list
Sharif is going to London after doctors categorically told him that they had exhausted all options available in Pakistan and seeking treatment abroad was the only one option left. The PML-N leader chided Prime Minister Imran Khan for backing out of its commitment in which he said that he had no objection on Sharif's travel abroad for treatment.
India calls for united global effort against terror financing
Addressing the inaugural session of the 'No Money For Terror' conference, Union Minister of State for Home G Kishan Reddy expressed India's concern over the tacit support some nations are extending to terror groups. There is a need for a united global effort against all those who support terror or help generate finances for terrorism, he said.
IndianMoney.com appoints Siddharth Mehra as CFO
Mehra has worked for more than 19 years in finance, accounts, compliance, statutory reporting and investor relations.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service