The CBI yesterday busted a scam where executives in banks and fin-organizations took bribes (surprise!) to give real estate developers large loans. Among the arrested were a director of Central Bank, and senior executives of LIC Housing Finance, Punjab National Bank, Bank of India and an intermediary called Money Matters Financial Services (MMFS).
Read: The Illusion of Low Risk "A person often meets his destiny on the road he took to avoid it." - Jean de La Fontaine
There are a number of New Fund Offers out there, for Capital Protection Funds, which means you invest some money today and they kinda-sorta guarantee that you will get at least the amount you invest. Typical fund structure, let’s look at the Sundaram Capital Protection Oriented Fund, Series 2:
The previous article was intended to be a reintroduction to HMVC for the web application era. HMVC is not a new concept: it was originally referenced in a Java World article over ten years ago and based on an idea that dates back forty years.
Learn why option prices seem to be very low on expiry day - the reality is that a regulatory cost, the Securities Transaction Tax (STT), eats up too much that it leaves options quoting at less than intrinsic value.
Click to watch the Short Takes Video.
There's a popular misconception in India that Mutual funds are too risky because they invest in stocks. Learn about where Mutual funds can invest - and how you can get a low risk exposure to what is otherwise unavailable to you.
Watch the Short Takes Video.
Read about AMFI's latest regulation - that one person's cheque will no longer be usable as investment into another investor's account. Under Short Takes, a new five minute video explains the regulation, and why it came about.
See: No More Third Party Cheques for Mutual Funds