Bank of Baroda (BoB) has been in the midst of turmoil for the last few years. Issues due to its merger with Vijaya Bank and Dena Bank are reasonably settled now. International operations was another sour point for BoB and management has taken steps to streamline that as well. After dealing with the historical stress in its corporate book, BoB has started reporting improved asset quality now. For instance, its slippage for 2020-21 was only 2.9%, Read more: EconomicTimes
Author: Miley Selena
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. How the fund has performed 84702678 Where the fund invests 84702682 Basic facts Date of launch: 27 July 2007 Category: Equity Type: Large & Mid Cap AUM (As on 31 May 2021): Rs 1,596 cr Benchmark: NIFTY Large Midcap 250 Total Return Read more: EconomicTimes
This week ET Wealth’s realty hot spot series takes a look at Pune’s Undri-Pisoli locality. The area offers both ready-to-move-in and under-construction homes. The locality is well-connected through NH-65, NIBM Road, Handewadi Road and Mohammed Wadi Road. Undri-Pisoli is 18KM away from the airport and 11KM from the nearest railway station. The price range of properties in Undri-Pisoli is between Rs 3,600 per square feet and 7,200 per square feet. The average price of 1 BHK, 2 BHK and 3 BHK is Rs 30 lakh, Rs 51 lakh and Rs 81 lakh, respectively. Locality snapshot: Undri- Pisoli, Pune Highlights Well…
As your child steps into his teens and his expenses grow, or if he is mature enough to start streamlining his finances early on, he will want to start investing. It might just be the best decision you could help him take. Encourage him to take the first steps towards investing by listing out the options, explaining the research and hard work that need to go into it, pointing out the pros and cons as well as the dos and don’ts, and finally taking the steps for the actual investing to begin. 1. Help set up goals, invest accordingly Even…
Snehasis and Moumita Banerjee stay with their six-year-old child and Snehasis’s parents in their own house, in Kolkata. While Snehasis is salaried, Moumita is self-employed and together they bring in Rs 1.25 lakh a month. They have two properties worth Rs 1.03 crore and an outstanding home loan of Rs 29 lakh. Their portfolio comprises equity worth Rs 1.04 lakh in the form of mutual funds, debt worth Rs 16.55 lakh in the form of PPF, EPF and NPS, jewellery worth Rs 10 lakh and Rs 5 lakh in cash. After all their expenses, the couple is left with a…
Nifty falls, market remains steady: Though Nifty has made a positive break out from the 15,450-15,900 trading range in previous week, there was no continuing buying support last week and this forced the Nifty to fall back below 15,900 again. However, market did not fall much because of buying supports emerging at lower levels. “Nifty has witnessed good buying support near 15,600 and therefore, the Nifty will now remain in the 15,600 – 16,000 range for some time,” says Rohit Singre, Senior Technical Analyst, LKP Securities. As explained last week, 16,000 will act as immediate resistance because it is a…
Mutual funds can either be held in physical or in demat form in the demat account held by the holder with a depository participant (DP). The advantage of holding units in a single demat account is the ease of transaction it allows. Demat option at time of purchaseAt the time of buying units, one can indicate if the units are to be held in demat form. Demat account details need to be mentioned in the application form. Once the details have been validated, the units are credited to the account. Demat of units after initial purchaseUnits held in physical form…
1. Succession certificate is a document issued by a civil court certifying a person to be the successor of a deceased person. 2. In the absence of a will, a succession certificate is the primary document through which the heirs can stake a claim to the assets of a deceased relative. 3. A succession certificate is valid throughout India. 4. Courts levy a fixed percentage of the value of the estate as a court fee for issuance of the certificate. 5. It takes about 5 to 7 months to get a succession certificate. (Content on this page is courtesy Centre…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. I. Vinod Bajaj is saving for his child’s goals and retirement. Here’s what the doctor has advised him. Goals Portfolio Recommendations Portfolio check-up Started with ELSS funds 6-7 years ago.…
By Sudhir Kaushik of Taxspanner.com Pune-based media professional Navya Kohli pays a low tax because though her salary structure is not tax efficient, she claims several deductions. One of Kohli’s parent has a severe disability which makes her eligible for a tax deduction of Rs 1.25 lakh. Taxspanner estimates that Kohli can bring down her tax by nearly Rs 62,000 if her salary is rejigged to include some tax-free perks and her company offers the NPS benefit and she also invests in the scheme on her own. Income from employer Income from other sourcesKohli should start by asking for the…