Cash is no longer the king but the emperor in current times. There is a saying that goes that if you are looking for cash, look within. There are many obvious areas like receivables, inventory, sound working capital practices, capital expenditure plans, which are the usual areas when companies relook at cash practices. The difference lies in making it a culture at multiple levels or making it about reshaping certain processes and policies for reactive one-time gains. When it comes to making it a culture, sometimes it could be as simple as motivating the sales force on the one hand and on the other, treating suppliers as partners with a strategy to balance both. Similarly, while being revenue-focused is important as maintaining targets of business growth are critical, it is also paramount to balance the health of the business in terms of margins, profits, cash, etc. … [Read more...] about COVID-19 impact | CFO’s choices in steering companies to ride the new normal
Kinetic wholesale emerging companies fund
- Other factors: Let’s say you have ageing parents (or in-laws) who are partially dependent on you for ad-hoc medical expenses. In such cases and if their health insurance isn’t sufficient, then you need to keep some buffer for their expenses as well. This layer of buffer can vary on the basis of parents’ dependency and medical requirements. … [Read more...] about When layoffs and pay cuts abound, how large should your emergency fund be?
• If it’s a falling interest rate scenario, one can be tactical and even go big on FDs to lock-in higher interest rates. Taking the FD route in a falling rate scenario will allow him/her to lock-in comparatively higher rates for the chosen duration. In a way, it eliminates the reinvestment risk for a decent duration if a longish FD tenure is chosen. In a falling rate scenario, my understanding is that debt funds would maintain comparatively higher portfolio maturities. Some debt fund managers might deliver even better returns, by being tactically opportunistic by maintaining higher portfolio maturities. … [Read more...] about Viewpoint | Where to invest emergency money – savings account, fixed deposit or a liquid fund?
“Every single one of these people I talked to were saying, ‘I don’t know how I can maintain this face of joy and warmth when I have to go home and forage for food in other people’s garbage,'” she recalled, adding that this was not the work environment her grandfather Roy O. Disney sought out to create. … [Read more...] about Abigail Disney rails against the company after finding staff have to forage garbage for food
- Next, evaluate health insurance. All family members should be under some medical coverage. At least for Rs 10 lakh, if not more. If the family is young, it may still be fine to be insured under the employer’s cover. But it’s better not to depend on employers for insurance. So, over the years, purchase a standalone health policy. … [Read more...] about Audit your personal finances to keep money matters in order