06/08/2009
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Stock Market

Mutual Fund Entry Load Abolished

SEBI has abolished the Entry load for the Mutual Funds. That means after the NFO (New Fund Offer) if any investor wants to enter into that particular Fund, he had to pay certain amount as Entry Load as he is going to invest in the middle of the Fund’s life cycle. Now, SEBI has abolished it. This was not necessary for the Assets Management Company (AMC) but they thought it would be nice idea to charge the investors and now SEBI has taken a stand for the investors as in time of such financial turmoil. SEBI is more concerned about the investors and it want to bring in the faith that things are all fine. Continue reading →

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05/08/2009
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Personal Finance

Savings as an Expense

I was wondering is it possible to save money with least effort. Generally for me, savings become the last option once the paycheck hits my account. I don’t think much about savings. The priority of savings is generally last or somewhere close to last. It is not a good sign and I know that. I was wondering if at all I decide to change the situation and make savings as an important priority then what could be done and it flashed to me that I consider savings as an expense and which is mandatory. I do spend the money that I earn, I thought every week I fill petrol for my bike, it is necessary similarly I will deposit some amount of money in the savings account thinking that it is necessary. Continue reading →

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04/08/2009
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Personal Finance

Laziness and Finance

Have you ever wondered what the root cause of your financial problems is? I guess the answer is “You” and “Your Laziness”. Most of the time it is the lack of discipline and the laziness to learn puts us in financial trouble. I have had a word with my friend and asked him why have you invested in LIC policy and the answer I was expecting was, “It made sense to me cause it had the benefits that I was looking for” and I got the answer as, “My mom asked me to invest in it and I did and also I get tax benefit out of it”. Continue reading →

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02/08/2009
11 Comments
Personal Finance

Contest Result

As I had mentioned in my blog about the contest. Now is the time to announce the results.

I have decided to give only one price. The category is for Top Commentator. I thought the contest will bring in many visitors and I realized that I am so wrong. :-(.

The intention of the contest is to make the blog popular, but to be honest with you I have failed miserably. Though I have learnt good things from the contest. I have not met my objective. Continue reading →

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18/07/2009
3 Comments
Personal Finance

Mutual Fund

I usually oppose the investments in mutual funds due to these reasons. Primarily, it being heavy fees and charges in the name of fund management, yet no guarantee of any sure shot returns. However, markets are large and millions and billions of market participants are still favoring mutual fund investments, without caring for high amount of mutual fund fee and administration charges. Continue reading →

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