Page 721 - Personal Finance

MFs' exposure to bank stocks surges to Rs 63,000 cr in Oct

This accounts for 19.91% of total equity assets under management of Rs 3.15 lakh cr

American Express strengthens its mid-income credit card portfolio in India

American Express aims to target frequent travellers with annual income of Rs 6 lakh or more with its new card

HDFC Bank funds 100% for 2- wheelers, consumer durables

The bank is now funding up to 100% of the loan to value (LTV) amount for two-wheelers (on-road prices)

Withdrawing from ATM now requires some planning

Use ATMs for withdrawing cash and net banking for other purposes. Revive old a/cs to get more free transactions

Investors put Rs 1.5 lakh cr in mutual fund schemes in Oct

This is the fourth consecutive month of inflows

No need for physical presence for pension continuity

Lower brokerage helps traders

Entities that don't need research or advisory and have heavy volumes will benefit from these schemes

Picking correlation in FII attitude and market movement

The rewards for working out FIIs' predictability and narrowing down their areas of interest are very high

The new-look 20:80 schemes

It is a good entry point into an expensive property but you do need to ask a few tough questions

A mix of lump sum & SIP better than only SIP

Investing only through lump sum pays off over the very long term and in a consistently rising market; only SIP helps across volatile markets in the short to medium term

Union Bank to charge own customers beyond 8 ATM transactions

It will be levying Rs 15 per, plus tax, from November 15

Teach your child to be financially savvy

Using examples that children can understand, teach them concepts such as saving for a goal, risk-reward ratio and delayed gratification

Axis and HDFC Bank to charge their own customers beyond 5 ATM transactions

At other bank ATMs, the customers of these banks will be charged beyond three transactions

Motor policy renewals are expensive

You'll have to forfeit no-claim bonus, face hurdles such as re-inspection

Third-party investing or gifting is complicated

While insurance policies cannot be gifted to anyone except one's own children, bank FDs and mutual funds need additional paperwork

Govt banks re-evaluating ATM charges

Private sector lenders on wait-and-watch mode

Choose a young nominee for your investments

Avoid nominating parents or minors, as the former could die and the latter not be money wise

Losing my money on your risk

Demand for a natural catastrophe pool had been suggested to cover mega risks

More loan at higher rate or lesser loan at lower rate?

Youngsters whose incomes are likely to increase can opt for loans where their equity is lower even if the rate is slightly higher

Low credit offtake pushes participation by banks in MFs

As per Amfi data, banks and institutions' contribution in liquid and money mkt MFs was up 50% from March 2014