Fees & charges of HDFC Demat accountMost brokers charge different fees for different segments which can be quite confusing while opening a Demat account. In addition to the opening fees and the annual maintenance fee, the transaction charges are most critical, because it can vary from broker to broker. Some of the brokers / DPs offer some concessions. For instance, HDFC Bank has waived off the account opening charges as well as maintenance charges on your Demat account for the first year. It also offers a flat fee rate for other transactions, and lets you know about it. This helps you focus on trading rather than worrying about the transaction costs and calculating the same. Here is a look at the fees and charges offered by the HDFC Bank. … [Read more...] about HDFC demat account: Its charges, account opening process, etc.
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Many double-income couples increase their home affordability using 40-45 per cent of their combined income. That is, if both husband and wife make Rs 1 lakh each a month, then the upper cap on the EMI would be 40 per cent of Rs 2 lakh, i.e., Rs 80,000. And this automatically increases the home loan amount accordingly. … [Read more...] about Home loan: How much can you afford?
It may be noted that during the current exceptional phase, the existence of high food inflation or administered prices of a few services will not give rise to “generalised inflationary pressures” due to fragile growth and job market conditions that have reduced the bargaining power of trade unions even in the organised sector. … [Read more...] about Monetary and fiscal policies need to go hand in hand
The MPC has projected a pick-up in GDP (gross domestic product) growth to 6 percent for FY21 (from 5 percent in FY20), which is in line with our estimate. The growth projection for H1 FY21 has been lowered to 5.5-6 percent from the forecast of 5.9-6.3 percent in the December policy review, and placed at 6.2 percent for Q3 FY21. We concur with the committee’s assessment that the upturn in some lead indicators is yet to become broad-based. … [Read more...] about RBI Policy | Stance to stay accommodative as long as output gap is negative
There was a strong margin improvement of 326 bps QoQ, purely driven by lower raw material costs (as a percentage of sales). The YoY contraction in margin was mainly due to negative operating leverage as other expenses as a percentage of sales were higher at 14.9 percent in Q3FY20 versus 11.1 percent in Q3FY19. … [Read more...] about Analysts bullish on this synthetic leather-maker, see over 20% upside