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ICICI Bank moratorium on debit card EMIs: All questions answered

ICICI Bank, along with issuing details on availing the moratorium on loans and credit card dues, also issued a set of FAQs on moratorium for equated monthly instalments (EMIs) taken on debit cards.




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Investors can move these financial transactions online to deal with coronavirus impact

As the country is staying at home to fight against the coronavirus, investors are adapting themselves to the online way of working with their finances.




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Real return on money in SBI saving account is -3% per annum

The recent cut in the interest rate on savings accounts by leading banks has led to higher negative real returns on the accounts balances.




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Common application form issued for PPF, NSC and other small savings schemes

It must be recalled that the finance ministry had revised rules and introduced separate forms for each small savings scheme via a notification in December 2019.




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How to use ICICI Bank's voice banking services on Amazon Alexa and Google Assistant

To get the benefit of the voice banking offering, customers need to download the Alexa / Google Assistant and link their ICICI Bank account through a secure two-factor authentication process.




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Walk the Talk, Now!

PM Narendra Modi began his maiden speech at UNGA by reminding the august audience of India’s hoary civilisational past.




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How much financial risk can you tolerate in current coronavirus-hit economy? Find out

The stock market, bond market and other financial markets are feeling the negative effect of coronavirus. ET wealth presents a quiz to help you assess your risk appetite in the current market scenario.




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Family finance: Kumars need to stagger some of their money goals till income increases

His goals include building an emergency corpus, saving for his children’s (including another child in future) education and weddings, and retirement.




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9 practical steps to prepare for and navigate the financial crisis due to coronavirus

Do not deny the possibility of losing the job, or being furloughed briefly.




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Coronavirus pandemic impact: Keep your investments liquid and focus on short term goals

Any investment decision during this period should be made factoring in the short-term goals of an individual.




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Use Excel's binomial distribution to assess chance of success of your investments

Applying this to financial markets helps investors to determine their chances of success in a fixed number of attempts (or trials). Another application of binomial distribution is to find out the probability of a company reporting positive growth in the EPS.




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Coronavirus & your money: Saving is crucial, so are these 5 expenses

The looming uncertainty caused by coronavirus without a doubt requires cutting down on expenses. You need to start exercising monetary prudence and caution. However, don’t try to cut corners in these five expenses even at such a time.




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Covid stress test: How easily can you liquidate your financial assets should the need arise?

Stores of value are worthwhile only if they can step up and be useful when we need them. Not if they also lose value, freeze up, or get locked when you must access them. In other words, you should be able to liquidate your assets without difficulty should the need arise.




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Conserving cash to dealing with debt: 6 ways you can fight the covid money crisis

Liquidating assets to pay off debts is recommended only if you find it difficult to pay EMIs.




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Family finance: Salaried Pendse has enough time to reach financial goals

His goals include building an emergency corpus, saving for his spouse’s business, child’s education and wedding, taking a vacation, and retirement.




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Family finance: Why Sharma will reach his financial goals with ease

Financial Planner Pankaaj Maalde suggests that Sharma build an emergency fund of Rs 5.1 lakh, which is equal to six months’ expenses, and a medical buffer of Rs 10 lakh for his mother. Here's what his financial goals include.




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Has coronavirus pushed your goals further away? Take this SWOT test to find out

No investment portfolio would have escaped the impact of coronavirus and the consequent financial troubles. Analyze the strengths, weaknesses, opportunities and threats in your financial plan in the following quiz and find out where you stand and what you need to do.




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Why you should keep financial assets organised and listed while you are alive

We can do a lot without spending money, and money well spent can do a lot. Let your money help you and those around you live better. Rather than lying meaninglessly in expired bonds, unaccessed PPF accounts, unused vases and unworn dresses.




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Lockdown impacting your income? Do this now so that your future money goals are safe

Incomes of many people, especially those who are self-employed, have been impacted due to the lockdown. To help you through these tough times, here is how you can cut down on current expenses so that your future goals are not at risk.




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Four ways to review and modify asset allocation in mutual funds

As the financial markets scenario is changing, it is important to review and modify (if needed) the existing asset allocation. However, before going ahead, you should consult your financial advisor.




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Fresh drive to help illegal Indian workers in Saudi Arabia

The number of Indians who left during the grace period till October-end is 1,34,281, the Indian Embassy here said in a statement.




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India to evacuate nationals from South Sudan

South Sudan's capital is witnessing heavy fighting due to clashes between former rebels and government soldiers in several parts of the city.




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Franklin Templeton Mutual Fund apologises unconditionally to Sebi

The fund house claimed that media outlets quoted its CEO Jenny Johnson out of context.




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Exide Life's term policy sales jump 200% in April due to COVID-19: COO

However, Ashwin B added that there has been a significant drop in sales of non-term policies, witnessing a decline of 50 per cent.




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10-year benchmark bond yields fall 14 bps more this week to hit levels last seen in 2009

A hike in taxes on fuels, which will add to government’s revenue, helped lift sentiment.




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MF SIP flows slow, equity fund flows halve; liquid funds boost debt AUM

Amfi data released on Friday showed SIP inflows fell 3 per cent to Rs 8376.11 in April.




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​Debt, hybrid mutual funds see large outflows in April; advisors blame Franklin fiasco

The Franklin Templeton Mutual Fund fiasco seems to have hit the debt mutual fund space very hard. The data released by Association of Mutual Funds in India or Amfi reveals that most debt mutual fund categories have witnessed outflows in the last month.




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Union Bank of India cuts MCLR by up to 15 bps across all tenors

Union Bank of India announced reduction in its MCLR up to 15 basis points across all tenors, effective May 11. Overnight MCLR has been reduced by 15 bps to 7.15 per cent from 7.30 per cent and one-month MCLR by 10 bps to 7.25 per cent.




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Lockdown period not to be counted for determining residency status of NRIs, foreign nationals: CBDT

India has allowed discounting of prolonged stay period for determining the residency status in relief for NRIs.




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Young working professionals to cut down expenses as post-Covid world brings uncertainty, job loss

Categories like essentials, at-home entertainment, health and insurance continue to show greater resiliency.




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Political Praxis

If rulers can change the law to suit themselves, the rule of law does not exist, even if the laws are applied uniformly to the rest of society.




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Capital Issue

While the free flow of international capital has many benefits such as reducing the cost of capital, increasing investment and economic growth




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Managing Talent

Great managers know and value the unique abilities and even the eccentricities of their employees.




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On Social Change

It’s incumbent upon every married woman to quickly bear a son.… She could be dismissed as a dokhtar zai, or ‘she who only brings daughters’.




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Ashok Paranjpe joins LIC Mutual Fund Trustee as an independent director

Apart from Paranjpe, HN Motiwalla, Rammohan N Bhave and Thomas Panamthanath are other independent directors of the company while TC Suseel Kumar is a nominee director on the board of LIC Mutual Fund Trustee.




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"Change law that mandates 120 days' stay in India to qualify as NRIs"

A law requiring 120 days' stay in India to claim Non-Resident Indian (NRI) status needs to be changed, an association representing NRIs has demanded, citing economic disruptions due to the coronavirus pandemic.




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Canadian permanent residents stranded in India as special flights are only accommodating citizens

In official emails to permanent residents who have enquired about the availability of these flights, the high commission has indicated that at this point, the flights are available only to Canadian citizens and their immediate family members who are permanent residents and accompanying them on the flights.




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BR Shetty: The staggering rise and incredible fall of a billionaire

BR Shetty landed in Abu Dhabi with $8 in 1973 and turned his sweat into a personal fortune worth billions.




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Indians at greater risk from COVID-19 in UK's health sector: Report

"Indian men are 150 per cent more likely to work in health or social care roles than their white British counterparts," according to the report.




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Donald Trump taps Indian-American lawyer as US representative to World Bank's lending arm IBRD

Ashok Michael Pinto, who has worked as a Special Assistant and Associate Counsel to former president George W Bush, was on Monday nominated as US Alternate Executive Director of IBRD for a term of two years.




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Analysis of 5 largest debt mutual funds across categories to see if investors should be worried

​​ET Wealth studies the quality of papers held by the five largest schemes of different debt fund categories to see if investors should be worried.




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How to use Value at Risk tool to manage a stock’s downside risk

The unabated volatility is intensifying downside risks in investments. Under these conditions, it is worth looking at statistics that can predict the potential loss a stock or a portfolio can suffer.




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5 ways investors are impacted by closure of mutual fund schemes

Investors will receive whatever amount the fund house is able to recover by liquidating the underlying investments in proportion of their holdings in the respective schemes.




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Lockdown forcing you to stop SIP in mutual funds? Try the pause option first

You should explore the `pause your SIP’ option offered by mutual funds before finalising to stop your mutual fund investments through SIPs.




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Should I invest in these debt mutual fund schemes?

While investing a debt mutual fund, one should make sure the category suits your time frame.




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EPF withdrawal: How to check, change bank account details in your EPF account

It is important that your correct bank account with IFSC is linked to your Universal Account Number (UAN) to receive the credit of EPF funds timely.




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Time to rebalance your portfolio, invest more in equity mutual funds

The global economy is already in recession. Travel and tourism, restaurants, movie theatres and scores of other businesses have suddenly come to a standstill.




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Which mutual fund should you choose to invest your surplus money?

Many individuals have become extremely careful about their personal finance in the wake of Covid-19 pandemic and mounting concerns about possible job and pay cuts. Many of them have suddenly turned enthusiastic investors.




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Mutual funds to claim tax deduction of Rs 40,000

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.




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5 lesser known facts about tax benefits of health insurance

Premium paid towards health insurance for self, family and parents not only provides financial help in case of medical emergencies but also reduces tax liability.