Continuing the debt class, have you ever wondered what assets can you invest in to meet your debt requirement? Well there are many – and most of them you know about. Let us just enumerate them. We will see them in detail in a later class. The list is as follows: a. Savings Bank account […]
How are government securities classified? Well they are classified as follows: 1. Government of India dated securities – like it says “9.35%GOI2027” – it means it pays 9.35% p.a. – payable twice a year (so strictly speaking it yields more than 9.35%), issuer is Government of India and will mature in the year 2027. 2. […]
If you handle money, if you need money, if you borrow money, if you lend money, if you invest, if you support a family, if you are a NON finance person – you still have to learn about money. We do seminars on Finance – both business and personal finance. We are planning to […]
Now that you know what is the money market and debt markets, you will want to know who are the participants, won’t you? Here they are: Banks of all categories Financial institutions Primary Dealers (PDs) Satellite dealers Firms Companies Mutual funds, Insurance companies, FIIs, State governments, Nepal Rashtria Bank, Provident funds, trusts, research organisations, Individuals, […]
Over the last 2 days I heard a few stories. Quite stunning, I should say – either I am too old or the newer generation of people think completely differently from what I think. Let me narrate them. The first is a fine example of why the Americans are in a financial mess. There is […]
For many investors “mutual fund form” means one single page that your Relationship Manager / IFA thrusts in front of you while you invest, correct? That is not so. A mutual fund form means a 30 page document – called “Key Information Memorandum” – this itself is an abridged version of the “Offer Document”. Of […]
Cash Reserve Ratio (CRR) is a regulatory reserve requirement under section 42(1) of the Reserve Bank of India Act, 1934 which is to be maintained as CASH or CURRENT ACCOUNT balances with Reserve Bank of India, along with gold by all Scheduled Commercial Banks as a percentage of its Net Demand and Time Liabilities (NDTL). […]