Page 671 - Personal Finance
Mutual Funds see Rs 77,000 cr outflow in Sep
It is the highest outflow in six months, with liquid and money market schemes taking the biggest hit
 "Mutual Funds see Rs 77,000 cr outflow in Sep")
Avoid falling prey to card frauds
Check the slot that accepts the card; if it's shaky or loose, look for another ATM
 "Avoid falling prey to card frauds")
MF assets dip 5.5% in September
Money market schemes lose 24%; net inflows in equity schemes dips 60% month-on-month
 "MF assets dip 5.5% in September")
HDFC cuts home loan rate by 25 bps
Reduction applicable to both new and existiing borrowers; women customers to get another 5 bps discount
 "HDFC cuts home loan rate by 25 bps")
Policyholders to benefit from Irdai move
Banks and corporate agents will do more checks to ensure the right product is sold
 "Policyholders to benefit from Irdai move")
 "Case study")
Making money from property
If you want double-digit returns, it won't come right away. Opt for an affordable house on a metro's periphery, invest and wait it out
 "Making money from property")
Deprived of participating in a draw?
Consumers must file a compliant and claim compensation
Online luxury shopping isn't a cakewalk
Shop only at authorised websites. If the price is too low, it might not be genuine. Worse, there is no clear redressal process
 "Online luxury shopping isn't a cakewalk")
Nearly ideal for long-term investors
Even if reforms don't occur, there will be some growth
Phone frauds gain traction
Gullible bank customers are getting fooled by callers who scare or lure them. Never share your personal or financial details with anyone
 "Phone frauds gain traction")
Lower costs, be vigilant of risky assets, Sebi tells AMCs
Watchdog also wants fund houses to improve disclosures, make it simpler for investors by reducing number of schemes
 "Lower costs, be vigilant of risky assets, Sebi tells AMCs")
MFs add it up, net buy shares worth Rs 8,700 cr in Sep
This is the 17th consecutive month when mutual funds have net invested in equities
 "MFs add it up, net buy shares worth Rs 8,700 cr in Sep")
Policyholders lose, agents gain in endowment plans
Returns are worse than provident fund and cover is inadequate
 "Policyholders lose, agents gain in endowment plans")
Union Bank cuts base rate by 35 bps
The new rate will be effective from Monday
 "Union Bank cuts base rate by 35 bps")
IDFC Bank sets base rate at 9.5%
The bank's base rate is much lower than several of its peers like YES Bank (10.25%) and Bandhan (12%)
 "IDFC Bank sets base rate at 9.5%")
ICICI Bank reduces base rate by 35 bps
The revised rate of 9.35% will be effective October 5
 "ICICI Bank reduces base rate by 35 bps")
Opt for e-commerce card if you are a regular buyer
Those who already own three-four cards can give it a pass
 "Opt for e-commerce card if you are a regular buyer")