The mutual fund industry witnessed a sharp surge of 16 per cent, or Rs 87, 875 crore, in their average assets under management (AAUM) in May. As a result, the asset base crossed Rs 6.3 lakh crore for the first time.

MFs see 16% rise in May assets

Business Standard

Mumbaikars spend the lowest compared to the denizens of the other three metros.

Delhiites go for big-ticket credit card buys

Rates eased by 10-15 basis points On Wednesday because mutual funds continued to buy certificates of deposit (CDs) on inflows in their liquid schemes, dealers said.

Mutual funds flock to the CD market

The highest alpha generator in the category, its returns have impressed. Though launched in August 2005, it emerged as a strong contender only since 2007, when its back-to-back annual performance put it ahead of its peers.

Nimble on infrastructure

I have invested Rs 1 lakh in Reliance Diversified Power Sector Fund.

Small allocation to sector funds

Small savings as an investment option has receded to the background for some time now. This has happened because the rise in interest rates led to a situation where the rates on fixed deposits and other debt instruments rose sharply. Rates on small savings options remained the same and seemed less attractive than before. Now, with the situation changed, this is once more an option for investors. Here is how they could look at the situation and decide.

Smaller, but significant

Signals to look for before deciding when to enter, lie low or get out of stock markets.

When the time is right

Jargons in stock market analysis

The Insurance Regulatory and Development Authority (Irda) proposes to make a tie-up between a life insurance and a general or health insurance company mandatory for any policy that combines health insurance and pure term life insurance.

Irda proposes mandatory life, non-life tie-up

Union Bank of India today announced a 25-basis-point reduction in its benchmark prime lending rate (BPLR), while United Bank of India would decide on a rate cut next week. Union Bank&rsquo;s new BPLR of 11.75 per cent would be effective from July 1. The bank has left deposit rates unchanged.

Union Bank lowers BPLR by 25 bps

Housing and Urban Development Corporation (HUDCO) has cut lending rates by up to 1.25 per cent for government funded and private sector housing projects for economically weaker sections. The new lending rates will be effective from June 23, a government release said.

HUDCO cuts loan rates by up to 1.25%

After three months of outflows, gold exchange-traded funds (ETFs) saw net inflows in May, primarily due to the decline in gold prices. According to data from the Association of Mutual Funds in India (Amfi), gold ETFs witnessed net inflows of Rs 113 crore.

Net inflows in gold ETFs after 3 months

Reduce tenure, not EMI, when home loan rates dip

Life insurers are pitching for increased exemption on investments in long-term policies. They have asked the government to consider raising the exemption limit to around Rs 1.5 lakh from Rs 1 lakh at present.

Insurers want exemption limit raised to Rs 1.5 lakh

Students from disadvantaged economic backgrounds will no longer face financial problems in pursuit of higher education as the government is set to launch an interest subsidy scheme on educational loans taken by them.

Govt floats interest subsidy scheme on educational loans

Press Trust of India

Drops rate to 8%, others may find it hard to match.

SBI stirs auto loan mart

Using trendlines for investing

There are many costs in buying or selling homes that aren't factored in. The result: higher-than-anticipated expenses.

Reality check on realty

Entry load abolition throws up new issues for investors.

New order in Mutual Funds

I started investing in mutual funds five years ago. Over time, I made several changes in my portfolio, guided solely by neighbourhood advisors. However, except for a 25 per cent gain made in the first two years, I am going nowhere. How can I go about setting things right? I am 60 and retired, my risk appetite is low-medium, and I need an income of Rs 40,000 per month to retain my current lifestyle.

Few funds, better returns

I had invested Rs 25,000 each in HDFC Top 200, HSBC Equity, Reliance Growth and Magnum Taxgain in April 2009. At the time of investment, all these funds were 5-star rated, but now I notice their ratings have come down to 4-star. Have I chosen the correct funds? And, should I remain invested or withdraw? Also, please guide me where I should invest Rs 2-3 lakh for a period of around three years.

Choosing well-rated funds is a sensible selection

Personal Finance: Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

Personal Finance: Investing, Planning, Retirement, Loans, & Insurance | Business Standard

Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

Page 937 - Personal Finance