Indian Stock Market and Mutual Funds

raksrules said:
I want it reinvested.
I might get the Shriram finance too renewed for 1 year or 1 year 3 months (it has little more interest).
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economictimes.indiatimes.com

New RBI directive to banks, NBFCs to ensure nomination in FDs, saving accounts: Check details

Nomination: To avoid undue hardship to survivors/ family members of deceased depositors, the RBI has asked banks to obtain nomination in case of all existing and new customers having fixed deposit accounts, savings accounts, and safety lockers.
economictimes.indiatimes.com economictimes.indiatimes.com
 
t3chg33k said:
The penalty is a 1% reduction in the accumulated interest based on the time period until when the FD is broken. It is not as if you are losing the principal if the FD gets auto-renewed. Depends on your risk apetite but even small finance banks have insurance with DGIC of upto 5 lakhs and thus are a relatively sage option for investments upto that amount for at least 100-200 basis points over what the big banks offer.
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I agree on the small finance bank but which is good once among those? Because chances of small finance banks going belly up is more compared to large banks or PSU banks.
 
raksrules said:
I agree on the small finance bank but which is good once among those? Because chances of small finance banks going belly up is more compared to large banks or PSU banks.
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Lots of them now tie up with various finance apps so you can open it online from within those apps after vKYC. However, they do run a higher NPA and those with higher NPA offer a higher rate. It comes down to how much you can trust the DICGC process to work when things go wrong.

I would normally use the RBI data on NPA to Advances to make an informative decision since recommending a specific one can backfire.
 
burntwingzZz said:
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investment should be on not more than 5 lakh
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Hence, theoretically you can put in principal + interest of upto 5 lakh in each bank. However, for example, North East Small Finance Bank has the highest rate and seems to be the most popular on such FD platforms, but they have nearly 12% of their advances as NPA. Simply more likelihood of things going wrong with such a bank.

Anyway best to read the RBI FAQ on this to be clear on the coverage.
 
t3chg33k said:
Hence, theoretically you can put in principal + interest of upto 5 lakh in each bank. However, for example, North East Small Finance Bank has the highest rate and seems to be the most popular on such FD platforms, but they have nearly 12% of their advances as NPA. Simply more likelihood of things going wrong with such a bank.

Anyway best to read the RBI FAQ on this to be clear on the coverage.
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i proposed the website which gives you options to directly invest in multibank FD.I didnt recommend a particular bank to invest
 
burntwingzZz said:
i proposed the website which gives you options to directly invest in multibank FD.I didnt recommend a particular bank to invest
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Yes, just wanted to mention the risks of going only for the highest rate considering DICGC insurance. Should do due diligence before investing. The process states that the insured amount is to be credited within 90 days in case of bankruptcy, but it is difficult to say how it will pan out in reality.
 
zeta30 said:
Why is there so much dip this month??
Shouldn't the american economy rise help us too. Most businesses here trade with america.
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Not necessarily our markets are overpriced and people too are sitting fence with respect o investing as well as they are not spending due to unnecessary high double/taxesTrying to strong arm the government. Europe is in crisis German auto companies are crippled their energy security is all over the place, name any other large country which is in a good shape ?

America has all time high debt ( bond yeilds are at high ) but its still far from wars on its shore ,energy security is in place for its people ,Israel-gaza situation has reached to a ceasefire .Syrian/BGD gov has been toppled. Ukraine-Russia to will get negotiated .Iran is being clipped .They managed to get TSMC cutting edge fab on their shore so basically they are in much much better situation .And trump is going to clean up their internal mess and i guess US is long due to upgrade their internal infra. So why wont investors flock over there
 
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