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Given the uncertainties caused by the volatile economic conditions, people look for a product that guarantees a regular monthly income for a longer period. Monthly Income Plans (MIPs) fit the bill. While some invest in MIPs for a regular income, others look at them from asset allocation perspective. The various agencies offering MIPs in India [...]

Sujay bought a flat in January 2005 and sold it in August 2009. Since he held the property for more than three years, the asset became a long-term asset and the gain, a long-term capital gain. Now, Sujay is worried about the capital gains tax that he has to pay on the gain. He is [...]

Rajiv, a ICICI Bank customer, received a call from the bank executive informing him about ‘Advantage Deposit’ – a new product with dual benefits of a fixed deposit and a mutual fund. Now, Rajiv’s curiosity is roused as he has invested consistently into various fixed deposit schemes. But he is not gung ho about its [...]

One after the other, Indian companies are introducing their deposit schemes in the market. Now it’s the turn of Tata Motors, India’s largest automaker, which came out with its deposit schemes on August 25. It is seen that though company deposits offer better returns, normally 1-2 per cent higher, than bank deposits, they do not [...]

In the present uncertain economic scenario, corporate deposits have become a saviour for companies needing funds, helping them raise capital from the market. The last Non-Convertible Debenture (NCD) offer by Shriram Transport Finance was a huge hit, with a Rs 500-crore issue mopping up over Rs 5,000 crore on the very first day of its [...]