In the last few days, India's three largest private financial firms - Housing Development Finance Corporation (HDFC), Axis Bank and ICICI Bank - chose the qualified institutional placement (QIP) route to raise Rs 35,000 crore, cumulatively. … [Read more...] about Big Story | HDFC, Axis and ICICI Bank raise nearly Rs 35,000 crore via QIPs; are big banks facing a credit crunch?
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The dividend option available on equity and debt mutual fund schemes was quite popular among investors until dividend distribution tax (DDT) was introduced from June 1, 2013. With this tax, monthly income plans (MIPs) or debt funds with dividend payouts became less attractive. So, should one opt for systematic withdrawal plan (SWP) or choose to receive dividend? … [Read more...] about Earn regular income from mutual funds, the Systematic Withdrawal Plan way
She had a happy marriage and a spouse who couldn’t figure out what could be the problem in spending money from the joint account. Add to this the fact that her identity was based on her professional achievements and her social circle consisted of largely work colleagues and suddenly, she felt “left behind”. Needless to say, there were many anxious moments and much self-doubt about whether the decision to take a break was the right one in the first place. … [Read more...] about Planning to take a break from work? Follow these steps to avoid financial stress
There can be many more steps in personal finance audit (like checking if returns earned are in line with assumptions or not, etc.). But this is a good start. Frankly speaking, an audit is a fancy way of describing an in-depth review of your financial affairs. But whatever it is called, a personal finance audit will help you stay on track and make adjustments to keep your finances in order. … [Read more...] about Audit your personal finances to keep money matters in order
“They’re this massive and strange investment of time, energy, labor and resources that we as designers experience all the time and know about, but that aren’t necessarily public,” says Kolb. A single mockup can cost upwards of $200,000 to build, he says. “It’s very real, it’s very physical. We perceive it as a wasted resource. Can we think of a way to activate it or to give it a second life?” … [Read more...] about Architects spend upward of $200K on facades they never use. Here’s a creative way to repurpose them