| Invest in fewer schemes | 22-NOV-09 |
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| I am a 65-year-old retired engineer and live with my wife, 58. Both my children are married and well-settled. My wife and I have a mediclaim policy of base value Rs 1 lakh each (now approximately Rs 1.5 lakh). We would like to be financially independent all our lives. Advise me as to any change required in my financial plan, particularly with regard to regular investment in mutual funds. |
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| Redemption in MF equity schemes peaks in October | 19-NOV-09 |
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| Market volatility has hit equity schemes of domestic mutual funds. The category has seen the highest monthly redemption so far in the current financial year in October, with net outflow crossing Rs 2,100 crore. |
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| Debt MF schemes give positive returns in Oct | 16-NOV-09 |
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| Debt-oriented mutual funds gave positive returns in October, while almost all other funds, including equity, ended in the negative zone, fund evaluation and risk solutions provider Crisil FundServices has said. |
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| Rs 11088 crore floating via chit funds | 31-OCT-09 |
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| Around Rs 11,088 crore was being circulated through chit fund schemes in the three southern states of Tamil Nadu, Andhra Pradesh and Kerala, a study released by the Institute for Financial Management and Research (IFMR) said. The study was funded by the Bill and Melinda Gates Foundation. |
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| Rs 11,088 cr floating via chit funds in 3 southern states | 30-OCT-09 |
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| Around Rs 11,088 crore are being circulated via chit fund schemes in the southern states of Tamil Nadu, Andhra Pradesh and Kerala. Around 58 million house holds have participated in chit fund schemes, according to a recent study released by Institute for Financial Management and Research (IFMR). The study was funded by Bill Gates foundation Bill and Melinda Gates Foundation. |
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| FM asks ministries to focus on priority sector schemes | 29-OCT-09 |
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| Finance Minister Pranab Mukherjee today asked the financial advisors of different ministries to focus on the government's priority sector schemes and ensure that public expenditure remains within the budgetary limits in order to contain fiscal deficit. |
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| Haryana to launch schemes for labourers | 29-OCT-09 |
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| Haryana Governor Jagannath Pahadia has said the state government would launch a State Cooperative Bank’s Loan and Interest Waiver Scheme for the landless labourers, rural artisans and small shopkeepers, set up a State Farmers’ Commission, and offer full fee concession to women studying in government polytechnics and ITIs. He was addressing the first session of the newly constituted Haryana Legislative Assembly. |
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| September MF outflows likely to reverse | 22-OCT-09 |
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| The heavy redemption in debt schemes of mutual funds (MFs) in September should get reversed soon and MFs are expected to get back the entire outflow in the current month. Historical evidence suggests that debt funds face redemption pressure at the end of every quarter. This pressure is considerably higher at the end of the first as well as the second half of the financial year. |
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| Firms talk of pushing more women to top posts | 12-OCT-09 |
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| For most companies, hiring women employees at an entry level has never been a problem. However very few of them make it to the higher levels. This has been a concern for recruiters. |
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