Indian mutual funds witnessed value erosion of Rs 10,000 crore last month due to a decline in share prices following the global meltdown and poor corporate results.

Funds lose Rs 10K crore in May meltdown

Business Standard

Yes, you are no longer dependent on parents for that extra penny, but managing the new-found financial freedom is important.

Young and Cashless

Rising prices, falling markets and now, higher interest rates - Indian consumers are in for big trouble.

More bad news...

The best way to create a good corpus for retirement is by investing at an early age.

Safety in numbers

&nbsp;In the past few years, the banking sector has given great returns. On January 14, 2008, it touched a high of 12,678.98.

Banking funds are good for every portfolio

Realty firms and non-banking financial companies (NBFCs) are finding new ways to fund themselves through debt-oriented funds.

Debt funds turn bullish on realty firms, NBFCs

Insurance buyers are keeping away from unit-linked insurance plans (Ulips) due to the continous volatility in the stock market.

Life insurance industry sees 7% drop in new sales

UTI Asset Management Company (AMC), the country's fourth-largest mutual fund, is reviewing its proposed initial public offering (IPO) in view of the turbulence in the global financial markets and the meltdown in Indian equities.

UTI MF may postpone public issue

&nbsp;Yes also raises PLR by 50 basis points.
&nbsp;While the bigger players are debating the pros and cons of raising rates, the smaller banks have already set the ball rolling.

United, Yes Bank hike deposit rates

Finance Minister P Chidambaram on Monday called for simpler insurance cover and asked companies to reach out to the rural population to increase penetration besides meeting the needs of the ageing sections of the society.

Keep it simple, FM tells insurers

Directing banking institutions to shed their conservative approach in funding young entrepreneurs, Union finance minister P Chidambaram on Monday hinted at fine-tuning the credit guarantee scheme of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to increase its coverage.

Govt wants banks to be liberal in lending to youth

In a move to make investments in mutual funds easier, Securities and Exchange Board of India Chairman C B Bhave on Wednesday advocated the concept of depositories for mutual funds and hinted at legalising rebates that distributors give to investors.

Sebi moves to ease mutual fund investments

ICICI Bank today said it will closely monitor interest rate trends and the Reserve Bank of India's steps for managing inflation before deciding on interest rates.

ICICI retains interest rates, for now

Ever wondered how many Indian professionals have planned savings to meet their post-retirement needs? A new survey says that only 20 per cent plan to save for post-retirement phase.

Only 20% plan retirement savings

Morgan Stanley Investment Management India, the fund management arm of global financial services major Morgan Stanley, plans to launch a slew of equity, debt and international funds by the year-end.

Morgan Stanley MF to double asset base by year-end

&nbsp;The wholesale price index (WPI) has risen 25 per cent in just one week. And that obviously is not great news for either the consumer or the investor.

Tread with soft toes

The domestic insurance industry can become the biggest player in the stock market if there is a global recession.

Relying on insurance

Both private and public sector companies are introducing products for diabetes and hypertension- related diseases for the elderly.

The sweet threat

When Sebi Chairman C B Bhave on wednesday declared that the market regulator is setting up a committee to look at a large number of issues concerning mutual funds, one of the important points he made was to legalise the rebate system that many distributors were offering to the clients to attract more inflows.

Load rebates under review

When financial advisors ask you to invest in equity mutual funds, it's often with the view that there would be tax saving in the long term.

Taxation of SIPs

Could you please explain the concept of 'Expense Ratio' in equity and debt schemes? Will it affect the schemes&#39; returns? 
- Vigneshkumar S The expense ratio is the total amount of annual expenses incurred by the fund.

NAV is calculated after expense ratio

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 962 - Personal Finance