Money Talk India Finance Forum (MTIFF)

Sabari mala is a very sacred pilgrim center for the Hindus

Worman25 — Sat, 27 Sep 2008 12:30:27 GMT

Pathanamthitta is a picturesque district in Kerala. It has a tropical diversity consisting of forests, paddy fields and plantations of rubber, cardamom and pepper. This district is bounded by the Western Ghats on the east, Alapuzha in the west, Kollam in the South and Idukki district in the north. The three main rivers that flow here are Pamba, Manimala and Achenkovil. The district is famous for many Hindu pilgrim centers. Among them, the most famous is the hill shrine of Lord Ayyappa at Sabari ...

Compare ULIP & Whole Life Insurance

NailRamp — Wed, 02 Jul 2008 11:44:26 GMT

Actually i am bit confuse with Life insurance policy hope someone help me regarding this...

Let me know in between ULIP and Whole life insurance which one is beneficial in terms of investment and return on investment for short period of time....

Hello

eford78 — Fri, 08 Aug 2008 15:39:57 GMT

Ethan here, new to this forum and hoping to share and learn somethings in here.

Do you consider Timeshare as an investment?

Admin — Tue, 29 Jan 2008 15:54:16 GMT

A timeshare is a holiday concept where a member pays in advance (years in advance in fact) to a holiday company in exchange of a specified number of holidays at any of the property owned by holiday company, every year for a specified number of years.

member would get following benefits from a timeshare membership (in theory)

Holiday tomorrow at today's prise (Protection against inflation)

An option of selling/gifting the holidays owned by the member

Exclusive member benefits.

In ...

Why don't Post office raise interest rates as Banks are doing currently ?

vishwas.tp — Thu, 17 Jul 2008 13:26:27 GMT

Why don't Post office raise interest rates as Banks are doing now currently?

Are Post office(Banking part) & Banks(Public & private) monitored by the RBI?

Fixed Deposit Rates for ALL Indian Banks

ringostar — Sat, 28 Jun 2008 00:31:31 GMT

Hi,

Came across this website recently. It lists FD rates of ALL Indian banks on one page. Tremendously useful to do some quick comparisons.

And given the current market scenario, FD's don't seem such a bad option either.

right time for home loans is now!!!!

sidhartha — Mon, 04 Feb 2008 08:19:06 GMT

govt is increasing tax rebate on home loans from existing 1.5l to 2.5l...i guess....plus RBI is expected to cut the rates in march.....so i guess this is the right time to take a home loan.......as per financial experts...1/3rd of your income must go into investment ...i dont see any investment better than this i guess.....

The new lows

enidhi — Sat, 28 Jun 2008 02:51:53 GMT

Market beats Jan 2008 lows and falls below 14k...Where is the bottom? Any guesses?

What would the best frachisee option for 2 lakh investment?

enidhi — Fri, 01 Feb 2008 00:16:01 GMT

If one can invest around Rs 2 lakh, what would be the best franchisee he or she can take?

Franchisee of Cafe coffee Day? What other options we have?

Do you really understand all your insurance palns...

gbhupesh — Sun, 06 Apr 2008 11:24:50 GMT

Do you really understand all your insurance palns ..............................

What is the insurance value of the policy?

Have you read plan document your self or just know what your agent told you?

Did your agent told or you asked him or do you know how much your

insurance agent will get as commission in first, second, third and

subssequent years?

Did you bought it for investment or for insurance .. ?

Do you know how much it will cost you to get same coverage Term Plan Policy?

SENSEX ETF released by Kotak

vishwas.tp — Mon, 19 May 2008 08:20:17 GMT

http://www.bseindia.com/about/etf.asp

Name the most overpriced food item

enidhi — Mon, 10 Mar 2008 05:27:31 GMT

Which food item do you think is the most overpriced compared to its manufacturing cost?

Consider a bread sandwich � For Rs 10 you get a whole loaf of bread. Still, a bread sandwich made of 2 slice of bread, couple of pieces of tomato/cucumber, a pinch of chutney and a little sauce is priced around 10-15 Rs.

Or soups-for what reason a cup of clear vegetable soup is priced at Rs 30 to Rs 50?

Note: I don�t expect food vendors to do charity- They�ll have several overheads like ...

Does anyone have this habit?

ashwini — Sun, 27 Apr 2008 11:48:09 GMT

My grand ma has this habit which helps her save money- if she has a bigger denomination note with her-I mean Rs 500 or Rs 100 note, she will try her best to postpone using that note as long as possible. She believes, if it is broken into smaller denominations (like you buy a Rs 5 thing, give Rs 100 note, collect Rs 95 back, we will spend these 95 rs very easily in very short time...

Why comments?

ELSS - Tax Planning Funds

supreethamave — Fri, 25 Apr 2008 09:31:10 GMT

We are at the beginning of financial year 2008-09. If we are moneytalkers, we almost definitely follow the advice of finance gurus, that it is SIP that will take us to our dream destination of Lakhs and crores! Let's plan our ELSS funds and start SIPping for this year.

Step 1: Identify how much you want to invest in ELSS funds this year.

Step 2: Select 2,atmost 3 tax savings funds based on their 1-year, 3-year performances.

Step 3: Divide the amount by 12, then equally distribute the amount ...

Which is better? Using credit card or taking personal loan?

enidhi — Thu, 31 Jan 2008 05:01:49 GMT

You need some urgent cash, say Rs 60000, which you will be able to repay within 3-6 months. Is it economical to apply for a personal loan (at around 14% interest and other fees and prepayment penalty) or just swipe your card (convenience, 45-60 days interest free time, 1-3% monthly charges )?

How do the banks calculate the interest for the amount in our Savings Accou

vishwas.tp — Thu, 03 Apr 2008 11:31:03 GMT

As per my knowledge it is a Simple interest but in a savings account the money will be rolling daily. What amount do bank consider as Principal amount for interest calculation.

Equity diversified

supreethamave — Fri, 25 Apr 2008 08:59:30 GMT

If you wish to invest in a diversified equity fund, which one would you choose? Let's post our choices.

1. DSP ML India TIGER Fund / ICICI Pru Infra / Canara Robeco Infra /Sundaram Capex ? - Infra Funds

2. Standard Chartered Premeir Equity / HDFC Top 200 / JM Basic / Reliance RSF ? - Large cap

3. Sunaram Select Midcap ? - Midcap

Everywill have a portfolio with different funds that they identify with. What's your mix?

Dont get fooled by your insurance agent

enidhi — Fri, 25 Apr 2008 08:58:00 GMT

Useful article.. Read if time permits

http://www.rediff.com/money/2007/jan/22insure.htm

Wish to BUY or Sell your used timeshare membership? Log it here

enidhi — Fri, 25 Apr 2008 07:14:35 GMT

We've launched a simple google docs based feature wherein anyone willing to buy/sell a used timeshare membership can enter their preferences...

Here are the details

http://www.enidhi.net/2008/04/buy-sell-used-clubmahindra-membership.html

SENSEX on recovery path-Do you think the worst is over?

enidhi — Fri, 25 Apr 2008 06:57:35 GMT

For past few sessions Sensex has managed to stay in green consistantly...Do you think the worst is over and market is on recovery path?

Or do you suspect it may again slide down to 15k or even lower?

Credit card as saving instrument

kbharadwaj81 — Tue, 01 Apr 2008 08:10:54 GMT

It might surprise you that some people use credit card as saving instrument. It�s a little weird but if the actual mechanism is understood the system can easily be beaten. Before understanding how a CC (Credit Card) can be used effectively we need to understand how the CC system works. Let us say Bank A issues a lifetime free credit card don't hesitate simply get one for your self.

Things to do Once you receive the card:-

Check your name/Card validity is correctly mentioned

Call up ...

Save more or earn more?

ashwini — Mon, 04 Feb 2008 15:15:02 GMT

Guys one simple question for you...

Say you are not saving much of your income... What would u do? Look for more paying job? Or try to cut your expenses and save more?

Will earning more necessarily ensure that you save more?

Cheers,

Ashwini

Borrowing from Pawn Broker

Admin — Tue, 29 Jan 2008 07:38:15 GMT

How good it is to borrow from pawn brokers and such people when we have more secure ways like Banks?

LIC Health Plus

enidhi — Wed, 02 Apr 2008 06:23:09 GMT

After successfully launching Market Plus and Money Plus, LIC Has launched Health Plus, an health insurance with equity investment...

I am yet to explore this in detail. Any thoughts on this product?

Education Loan

kbharadwaj81 — Tue, 01 Apr 2008 19:34:09 GMT

STATE BANK OF INDIA

STATE BANK OF INDIA :: INDIA's LARGEST BANK

ICICI BANK

http://campaigns.communicate2-personalloans.com/personalloan.html?gclid=CIqj-9ygr5ICFRIYewodcgafNA

PUNJAB NATIONAL BANK

http://www.pnbindia.com/c_vidya.htm

BANK OF BARODA

http://www.bankofbaroda.com/pfs/eduloans.asp

CANARA BANK

http://www.canarabank.com/English/scripts/CanEduLoan.aspx

HDFC BANK

http://www.hdfcbank.com/personal/loans/educational_loans_faqs.htm

BANK OF INDIA

http://www.bankofindia.com/Home/productsservices/eduloans1.asp

UNION ...

Anyone has joined Questnet/Goldquest?

ashwini — Thu, 13 Mar 2008 07:40:16 GMT

Some people around me are involved in Questnet (aka GOldQuest)... They are trying to enroll me also.... Heard some complaints were filed in Bangalore recently against this company... Any of you are members of this thing?

is it good?

Amway inside story

enidhi — Sat, 29 Mar 2008 11:58:18 GMT

http://www.enidhi.net/2008/03/amway-inside-story-merchants-of.html

Read above post for an inside story of Amway...

Discussions welcome

Hi........

kbharadwaj81 — Sun, 16 Mar 2008 10:43:41 GMT

Hi This is Karthik here.

Finance and economics are my area of interest though I am a BE graduate. Quit the IT sweat shop job after 4 years of turmoil and doing MBA in Finance.

By the way I have my blog running @ http://benchtalks.blogspot.com/

Regards

Karthik Bharadwaj

Suggest what categories are missing in this forum

Admin — Tue, 29 Jan 2008 06:54:36 GMT

Tell us what sections related to personal finance are missing in this forum and we'll try to include them as appropriate.

Do you think chit funds are safe?

dileep — Tue, 29 Jan 2008 05:39:16 GMT

Hi all,

I saw in many places that chit funds give high returns which can be much greater than any share market profit, but is it safe enough to put the money in chit funds? How to belive the person who is conducting chit fund business ? Does he has to take an agreement with any of the government office to start business ?

- Dileep.

TCS Pay Cut

Admin — Wed, 30 Jan 2008 08:50:38 GMT

It has been learnt from highly reliable sources that TCS has implemented a 20% cut in variable pay. Industry wide this appraisal season unlikely to be as good as previous years.

Tough time ahead for IT guys? What are your views?

Would u quit your job to become a consultant?

Admin — Wed, 30 Jan 2008 09:33:35 GMT

If you'd an opportunity would you quit your job and become an independent consultant?

How do Mutual Fund manage to pay huge dividends ?

vishwas.tp — Mon, 03 Mar 2008 17:27:12 GMT

In recent times I had put some serious thinking into "How do Mutual Fund manage to pay huge dividends?�

For example:SBI Magnum Tax Gain on Feb 15th 2008 paid Rs.11/unit as dividend. The Unit price over a period of 1 year (March 07 � March 0 would average around Rs.55 and if we take Satyam computers as an example it gives around Rs.16-20 rupees as dividend per share priced around Rs.450. So SBI Tax gain is generating Rs.1 for every Rs.5 invested while Satyam is generating Rs.1 for every ...

With which bank do you have your Salary Account?

Admin — Tue, 29 Jan 2008 07:30:37 GMT

With which bank do you have your Salary Account? How happy are you with your bank?

Were you ever cheated by a fraudster?

enidhi — Thu, 31 Jan 2008 09:43:57 GMT

If someone had attempted cheating you financially, let others know how it happened...So that others will be cautious on such attepts...

How long it may take for the market to recover to 21k level?

enidhi — Fri, 01 Feb 2008 03:24:45 GMT

As you know sensex is down to 17k from 21k within few weeks. When do you think Sensex will recover to its previous glory of 21000+?

Few weeks to few months?

Within 3-6 months?

6 months to an year?

Greater than an year?

Pen your views...

Your most preferred Portfolio manager...

Admin — Wed, 30 Jan 2008 08:53:09 GMT

What website/tool/utility do you use to manage your portfolio?

The one provided by your broker? (where you hold demat account?)

Money Control?

Rediff Money?

In some excel sheet?

Some standalone applications?

Write about pros and cons of your portfolio manager

How many credit cards do you have?

enidhi — Thu, 31 Jan 2008 15:17:27 GMT

How many credit cards do you have? Do you feel tempted to apply for a new card if the bank approaches you with some attractive schemes?

Calling all auto experts- Solve this problem

enidhi — Tue, 11 Mar 2008 05:31:04 GMT

This is a real life situation my friend is facing. Please read and see if you can help.

He wants to buy a car and has a budget of 7 lakhs. So far so good, but his family (parents) has enforced following conditions on him, because of which he is in a great dilemma.

The conditions are

The car should be new one, no second hand vehicles

The car should have minimum 8 seats (Currently they are 5 people in the family which doesn�t own any vehicles-Himself, his parents and grandparents. ...

Big Bazaar Sabse Sasta 3 Din

enidhi — Fri, 01 Feb 2008 00:12:26 GMT

Big Bazaar runs discount offers through out the year but around end of Jan they claim to sell items at cheapest rates ever.

Do you take such promos seriously? Do you buy things you probably dont need, because it is available cheap?

Saving money while fuelling your vehicle

enidhi — Thu, 31 Jan 2008 15:38:10 GMT

Few tips to save while refuelling. (Sourced from multiple sources)

1. Fill up your vehicle during early morning when the temperature is still cool.

Fuel density will be higher early morning due to overniht cooling of underground fuel tanks.Remember that all service stations have their storage

tanks buried below

ground. Buying fuel during evening time should be avoided as you'll get less fuel.

2. If a tanker truck is filling the station's tank at the time you want to

buy gas, ...

Done with your tax planning?

Admin — Mon, 04 Feb 2008 04:35:43 GMT

Do you depend on consultants? Plan on your own?

RULE 72

vishwas.tp — Sat, 01 Mar 2008 10:44:06 GMT

RULE 72, can be used to estimate approximate time required to double any investement at a given interest rate compounded annually. According to the rule just divide 72 by the interset rate and the result is the approximate time required to double the invested amount.

For instance, if you invest Rs.1000 with compounding interest at a rate of 8% per annum,

According to RULE 72 it would take around 9 years (72/9 = 9 years) for the invested amount to become Rs. 2000

More read: http://en.wikipedia.org/wiki/Rule_of_72

Budget 2008

enidhi — Fri, 29 Feb 2008 04:44:15 GMT

What expectations do you have from the budget that's being announced today?

From a personal perspective, do you expect any tax (income tax and others) concessions?

Use this thread to discuss budget related issues...

Naanu Abhishek

snabhi — Fri, 01 Feb 2008 08:57:46 GMT

This is abhishek from bangalore.

Iam impressed about the sections this forum has.

Hope a very good enviroment is maintained.

and then thanks a lot for this forum admin.

Yet to explore this

Whom to you consult to take trading decisions?

enidhi — Fri, 01 Feb 2008 18:19:52 GMT

Whom do you count on for day to day trading decisions? Do you rely mainly on your personal analysis and gut feeling?

Or do you trade based on tips given by your broker? Have you subscribed to any paid services like Power Your trade (of Moneycontrol)?

Myself ... Bharath

Bharath — Thu, 07 Feb 2008 18:07:59 GMT

Hi Friends,

MySelf Bharath Gowda, Working in germany ... Native is Mysore,

I am Into Automotive Desgin .... in Btw doing some trading frm last 3.5 years , hope i have very less knlw about Market and finance .... wish i learn lot from this site and nindi,

Thanks nindi for this forum

Thanks

Bharath

Vishwas here

vishwas.tp — Thu, 28 Feb 2008 05:35:58 GMT

Hi,

I am Vishwas from Karnataka (Tiptur taluk) and currently working as a senior software engineer.

Last year I took my first step into Investing & still I'm a rookie to this vast and intimidating field. I am putting my effort to gain more knowledge by reading financial magazines (money today), new papers (Economic times, Business standard) and news channels (NDTV profit & CNBC).

I thank our CBO (enidhi) for initiating a forum like this.

How does investing in Share market help?

Praks — Wed, 27 Feb 2008 04:54:33 GMT

Hi,

I am worried about the TAX deductions in my salary...

I wanted to know how does investing in share market help save tax...

Do you know which bank initiated Pigmy scheme?

Admin — Wed, 30 Jan 2008 09:39:00 GMT

Pigmy scheme was introduced by a leading nationalized bank under which traders were enouraged to save few rupees every day in their pigmy account. An agent (pigmy agent) designated by bank would go to homes and shops of individuals and collect their savings and submit it to bank on their behalf.

Can you name the bank which initiated this novel concept?