To conclude, mutual funds invest money, on your behalf, in the underlying market, i.e., equity or debt. Returns from the market will anyway accrue to you. Dividends paid to you are not an ‘extra’ or ‘bonus’ and are to be seen accordingly. The way a Systematic Investment Plan (SIP) lets you invest in a fund as per your cash flow, an SWP lets you withdraw as per your cash flow requirements. … [Read more...] about Withdrawing money from mutual funds: SWP works better than the dividend option
Since coming to power in 2014, the Narendra Modi-government has pumped in around Rs 2.8 lakh crore in state-run banks. In FY20 so far, the government has infused close to Rs 70,000 crore as capital. But that was inadequate considering the fact that banks required a substantial chunk of money to clean up their bad loans besides meeting their Basel-III requirements. … [Read more...] about Budget 2020: What lies in store for state-run banks ravaged by bad debt?
Reflecting the crisis in the NBFC sector since September 2018 following the bankruptcy of IL&FS and the resultant risk aversion to the sector, JM Financial saw its loan book steeply falling to Rs 12,662 crore in the quarter from a high Rs 16,136 crore in December 2018. … [Read more...] about JM Financial net income jumps 14.6% in December quarter
Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about JSW Steel plans to raise up to Rs 1,000cr via NCDs
Well, kind of. It doesn’t flow directly into the recipient’s bank account. It goes onto an Apple Pay cash card. Call it Apple bucks. Cupertino’s Monopoly money. The equivalent of a gift certificate. To actually collect any of the money for rent, utilities, and all those pesky things that matter, your friend will need to manually transfer it to their bank, via an interface undisclosed in the process. It cannot be automated. In other words, Apple is making the conscious choice to sit on your money, most likely reinvesting it for millions in returns, while offering you the equivalent of a gift card for your efforts. … [Read more...] about The Sneaky Psychology Of Apple Pay–And How It Could Cost You