Month: December 2011
Below are all the posts archived for the month.
A new year special!
in Opinion
New year resolutions are fun to make and even if you carry them out for a month – I guess that’s a lot better than not doing anything at all. A few of us can actually make lasting changes and that of course is great and what we should aim for. With that in mind,
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PFC Tax Free Bonds Review
in Investments
PFC (Power Finance Corporation) is the latest company to come out with tax free bonds and the terms are exactly the same as the NHAI bond issue.The only two differences that I noticed was that the minimum subscription for the NHAI issue was Rs. 50,000 and for this issue is Rs. 10,000, and these bonds
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Comparing Tax Free Bonds and SBI Fixed Deposit Returns
in Fixed Deposits
There has been a lively debate about how to compare the yield between tax free bonds like NHAI and something like a ten year SBI fixed deposit in the comment section of the NHAI tax free bond. This debate was started by a calculation from Amlan Basak, and then others have weighed in on his
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SBI Tax Advantage Fund Series II: 10 Year Closed Ended ELSS Fund
in Tax
SBI Mutual Fund has come up with a new fund offer for SBI Tax Advantage Fund Series II which is a 10 year closed ended ELSS (Equity Linked Savings Scheme) fund. It’s an equity mutual fund which means that it will invest primarily in shares listed on the stock exchange. It’s an ELSS which means
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NHAI Tax Free Bond Application Form Download Link
in Fixed Deposits
Shiv has just left a comment with a link to download the application form of the NHAI tax free bonds. He had created such a link to download the application form of IDFC and L&T infrastructure bonds as well, and we had to create new links because there were more than 500 downloads which was
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Book Review: Boomerang: Travels in the New Third World by Michael Lewis
in Books
Michael Lewis has got to be one of the best story tellers when it comes to the world of high finance and economic crises. I recently read Boomerang which is another one of his great books; it’s a fairly short book and you can breeze through it in an afternoon or so. The book has
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Merry Christmas Everyone!
in Opinion
I’m extremely happy to be able to wish everyone a Merry Merry Christmas. I hope you’re having a great time with your friends and family, and I wish you joy, peace and prosperity for this coming year and the time ahead. I want to share something that happened many many years ago while I was
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NHAI Tax Free Bonds
in Fixed Deposits
National Highway Authority of India (NHAI) is usually known for issuing Section 54EC bonds, but for the first time they are issuing tax free bonds as well. Now, a lot of people confuse tax savings or no TDS with tax free, but these are truly tax free bonds, which means that the interest from these
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Wisdom of crowds, Facebook’s IPO and Iceland’s Currency
in Links
The Economist has an interesting article on crowd wisdom which talks about how people decide which direction to move to when they see someone coming from the opposite direction, and they say that in France people step to the right to avoid a collision, while in most parts of Asia – people step to the
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Of Volatile and Stable Markets
in Investments
One of the themes that I’ve had trouble thinking through in the past is if a person living in India should invest in developed equity markets like the US, and if so then by what percentage? For a long time, I used to think that investing in the NASDAQ or S&P 500 will not be
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