Loans against mutual funds: Eligibility, process, costs [ad_1] MF investors typically invest for medium to long term goals. Faced with a sudden need for funds, investors tend to redeem investments. However, this interrupts the road to fulfilling goals. They should instead consider a loan against investments. Here the investment remains intact as the loan is availed by marking a lien ...

Rupee falls 35 paise against US dollar amid heavy selling in equities The rupee declined 35 paise to 82.63 against the US dollar in early trade on Monday as heavy selling pressure in domestic equities and a strong greenback in the overseas market weighed on investor sentiments. Besides, foreign fund outflows and rising crude oil prices in ...

Money lessons: 10 Bollywood films with personal finance as central theme [ad_1] A well made film can mould opinions and alter perceptions. Yet, this powerful medium is rarely used to address real-life issues. Very few Hindi films have focused on the everyday problems that people face, and even fewer have looked at money related difficulties. To be fair, the average ...

Rupee, bond yields to move in narrow range, with focus on Fed meeting The Indian rupee and government bond yields are likely to take cues from the outcome of the U.S. Federal Reserve’s monetary policy meeting on Dec. 14, one of a host of high-profile, potentially market-moving economic events in the week. The rupee finished last week ...

Stories that demystify personal finance [ad_1] When I began writing this column 12 years ago, the editor’s brief was that I should demystify personal finance for the reader. As I look back, I wonder how I may have delivered. That verdict belongs to the reader. Writing every week since the inception of ET Wealth (except the one week when covid ...

Fixed denominations vs token system: Why digital cash needs to feel real Five years ago, central bank digital currencies were a curiosity. Now, they’re a fad. More than 40 economies are running pilots or are in the pretrial development phase, in addition to the 11 already using them. With rising interest, previously unasked questions about these new-age payment tools ...

5 types of stocks: Smart things to know [ad_1] Value stocks are available at cheaper valuations than the broader market and perform well in the recovery period of the economic cycle. [ad_2]

Improve credit health while negotiating a loan [ad_1] Rathin is a doctor. He earns well and has built up decent savings over the past 12 years. He now wants to buy some property and dreams of building his own hospital in future. However, his recent application for a loan was turned down by his bank because of a poor credit ...

CBDT issues important circular on TDS on salaries for current fiscal The Central Board of Direct Taxes (CBDT) in a circular related to TDS deduction from salaries has said that any person responsible for paying salary must deduct income tax while paying the amount. The circular said that the tax should be deducted at the average rate ...

Punjab National Bank plans Rs 1,000 cr AT-1 bond issue to shore up capital Public sector lender Punjab National Bank (PNB) plans to raise up to Rs 1,000 crore in capital through additional tier-1 (AT1) bonds. The proposed offering comes just after it raised Rs 4,000 crore through tier-II bonds in early December. Managing director (MD) and ...