General

This question is about the various doomsday scenario hovering around.
How would you advise going around the notion that there is a possibility of total financial system overhaul leading to extreme value dropping of your saved money? Especially in the sight of “policy paralysis” / “no-more-reforms” in India? A possible Eurozone collapse? Unpredictable future of the US economy. Is it reasonable to project long term plans in economy (local or global) which doesn’t know what will happen a year in the future? Isn’t it more rational to steadily convert ongoing money flow into more value-stable physical goods (like gold) instead of trying to save it for retirement?

Does it make sense to save resources for the future if there is significant risk for those resources’ value in the future? What do you think?

Dear all,

Hi my name is ajay, I am an NRI living in dubai for 10 years now and am employed here. I would like to take some investment related advice. I wanted to know is investment in mutual funds in india is it a good option. Please give your views

Hi

My sister turned 18. I am goi to get a pan card . But she is not having any income. she s doi her engineering.

Am i allowed to invest on her name(some 2000) per month ?

As there is no tax if we gift among the blood relatives.

Pls guide me

Regards
Vignesh

How long does it take to get KYC Verified?

I had submitted the required docs to icicidirect on 16th April.

The following is the status on the two mentioned sites.

http://www.cvlindia.com/

Status : PRESENT IN PROCESS-DOCUMENT YET TO RECEIVE
KYC Verified Date : 26-Apr-2012
Current Date : 11-May-2012

https://www.cvlkra.com/

Status : DOCUMENTS RECEIVED
KYC / Modified Date : 02 May 2012 15:27:02
Current Date : 11 May 2012

Thanks
Ramprakash

I was checking Moneycontrol.com and came across this Company desposits http://www.moneycontrol.com/fixed-income/company-deposits/ I was shocked to see their interest rates for deposits and wondering if they are true? Are they trustable for example Jaiprakash Associates Ltd is offering nearly 12.5% interest… If I want to apply to any one of these How do I do that ? Any insight of these would be great.. Thanks

HI,
I am a Chetan,
I am 32 yr old. dependant wife , two children, parrents,
I have LIC money back of rs. 100000 amount yrl premium @3500/- started @Aug2004
another Money Plus policy yrl premium 10000/- started @Jully 2007.
Home loan 2135262/- Started march2012. monthly premium 20606/-
my monthly income in hand 43.5k (pretax)
no other asset. want to insvest monthly 8k . in MF, PPF & creat emergency fund(Liquid fund).
proportion is as:
1. PPF- 2000/- PM
2. MF -all as SIP.
a. Equity fund SBI magnum FMCG fund =2k- Pm
b. Balanced fund HDFC/ ESCORT =2k PM
c. SBI liquid fund.= 2k pm
d. SBI dynamic bond=2k pm.
Please suggest whether the above selected MF are ok or need to change.

Hi Everyone ,

I moved around many cities due to my father’s job transfers and all.
I had opened savings bank accounts of Axis , Corporation , ICICI in various cities.
But due to some reasons , i didnt able to close the accounts. And all the balances in that are zero , becoz i am not maintaning those accounts.

Will this have any impact on my CIBIL score ?

Becoz i applied for Hdfc credit card and got rejected thrice.

Pls help me in clarifying this doubt !

Thanks in advance

Hi ,Just came to know about CFA(Chartered Financial Analyst) ,an investment degree recognised worldwide. Can you please guide me to achieve this CFA Degree. Where will I get the study materials for all the three level of Exams

Policy due date is on 31-MAR,

please let me know, if the premium paid in APR month( grace period is one month.)) will come to which Financial year either it comes to old year or new year ?

– Rama

Hi Everone,
Coming down to the point directly.
I am a lawyer by profession. I am working with an IT company in bangalore for 18 months now.
I am leaving this (IT company) job and am going to join a Law Firm from next month.
There will be a change in my status as a taxpayer with this new changed job profile.
I am going to be a RETAINER from Salaried Employee (i.e,. my existing status).
I do not want to use my PF amount as of now but I am not sure how can I continue contributing. PLEASE NOTE: My new employer will not pay me for my PF (most probably) since they won\’t treat me as my IT company did (i.e., as a salaried employee).
Please let me know your thoughts on my possible modus operandi henceforth. Thanks in advance.