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Some thumb rules for house and car 1) In a fair market, the rental yields are close to cost of borrowing. If cost of borrowing is 10%, rental yield also need to be around 10%. Then only it makes sense to own a house. 2) Another thumb rule is that the value of the property should not be more than 3 times one's annual income. If your annual income is Rs.24 lakhs, your house purchase value should not be more than Rs.72 lakhs. 3) The house price to rent ratio should be around 15. If a house cost Rs.1 Crore and the annual rent is Rs.3 lakhs; the price to rent ratio works out to 33, which is very expensive. Going by the thumb rule, if this ratio is above 20, then the cost of owning is considered higher than cost of renting. This means you would be better of paying rent. In other words, the minimum rental yield should be 5% to justify owning a property. 4) Make it a point to save atleast 50% of the property value as down payment; till then live in a rented place. 10% down payment means yo...

By FC Bureau Dec 28 2016 , New Delhi The government is set to launch the second exchange-traded fund (ETF) soon to expedite dilution of its stakes in listed PSUs, as well as in companies held through SUUTI. The new ETF is estimated to have an initial corpus of Rs 6,000 crore, which might increase later. The list of participating PSUs would be finalised later. An ETF is a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange. The government has decided to launch a new CPSE ETF, as it is unable to introduce changes to make the existing one more investor-friendly, pending regulatory clearance for transfer of fund management to Reliance Capital Asset Management (RCAM) from Goldman Sachs after the latter sold off its Indian mutual fund business. RCAM took over Goldman Sachs' mutual fund business in India for Rs 243 crore in October last year. The department of investment and public asset management (DIPAM) on Tuesday ...

India has just 24.4 lakh taxpayers who declared an annual income of over Rs 10 lakh yet 25 lakh new cars, including 35,000 luxury cars, are being bought every year for last five years, a top official said.  A nation of over 125 crore people had only 3.65 crore individuals filing their tax returns in the assessment year 2014-15, the official said alluding to a huge number of individuals being outside the tax net.  "Of the 3.65 crore individuals (filing returns in assessment year 2014-15), there were only 5.5 lakh people who paid income tax of more than Rs 5 lakh and accounted for 57 per cent of the total tax kitty. This essentially means that only 1.5 per cent of those filing tax returns (3.65 crore) are contributing to 57 per cent of tax kitty," the official said.  A complete PC experience with Windows laptops. Ad Microsoft The tax returns when compared with car sales throw astonishing numbers, he said.  "Car sales on an average in last five years has been about 25 lakh...

 

*Reliance Home Finance Ltd* NCD  Opens: 22nd Dec 2016 *Rating - AA+ CARE &BWR* Type Of Instrument: Secured & UnSecured Redeemable NCD Issue size - 1000+2500 cr *Secured: 3000 Crs* *Unsecured: 500 Crs* ISSUE Structure             3 yr.    5 yr.    10 yr.     15 yr-unsecured                                                                                 QIB.     8.70   8.90.   9.00.    9.25 Corp.   8.70.  8.90.   9.00.    9.25 HNI.     8.90.  9.05.    9.15.    9.40 Retail.  8.90.  9.05.    9.15.    9.40 Allocation  QIB - 30% Corp - 10% HNI - 30% Retail - 30%   You can download forms of Reliance Home finance Ltd NCD issue from following link    http://59.144.72.251/IPOPDFGenWeb/brokerOnly.aspx  

*Reliance Home Finance Ltd* NCD  Opens: 22nd Dec 2016 *Rating - AA+ CARE &BWR* Type Of Instrument: Secured & UnSecured Redeemable NCD Issue size - 1000+2500 cr *Secured: 3000 Crs* *Unsecured: 500 Crs* ISSUE Structure             3 yr.    5 yr.    10 yr.     15 yr-unsecured                                                                                 QIB.     8.70   8.90.   9.00.    9.25 Corp.   8.70.  8.90.   9.00.    9.25 HNI.     8.90.  9.05.    9.15.    9.40 Retail.  8.90.  9.05.    9.15.    9.40 Allocation  QIB - 30% Corp - 10% HNI - 30% Retail - 30%

 US Fed hikes key interest rate by 0.25% The US Federal Reserve on Wednesday increased its key interest rate by 25 basis points in the first rate hike in 2016 and just the second in a decade. The first was in December 2015. The Fed also released a new forecast on Wednesday and it projects US economic growth this year to be 1.9 per cent and next year to be 2.1 per cent, CNNMoney reported. Fed officials raised rates by 0.25 percentage points to a range of 0.50 per cent and 0.75 per cent. "Job gains have been solid in recent months and the unemployment rate has declined," the Federal Reserve said in a statement. The Fed slashed rates to zero in 2008 in the midst of the financial crisis and kept it there during the Great Recession and beyond. The rate increase indicate that the US economy no longer needs the Fed's crutches and consumers and businesses can afford to pay more to borrow. America has added jobs for 74 consecutive months and the country's unemployment rate ha...

    13-Dec-16 IDFC BFSI Fund   Axis Corporate Debt Opportunities Fund 5-Dec-16 Principal PNB FMP Series B26 29-Nov-16 IDFC Fixed Term Plan- Series 128 to 133 28-Nov-16 Sundaram Arbitrage Fund 22-Nov-16 Reliance CPSE ETF 11-Nov-16 Sundaram Top 100 Series VI - VII   Sundaram Value Fund Series VII VIII 8-Nov-16 UTI-Capital Protection Oriented Scheme – Series IX 4-Nov-16 HSBC Capital Protection Fund - Series III (Plan I to IV)   Mirae Asset Dynamic Bond Fund   Mirae Asset Dynamic Bond Fund   Reliance Dada-Dadi Fund   Sundaram NIFTY 50 Equal Weight Fund.   Reliance Nivesh Lakshya Fund   Reliance Fixed Horiz...