Money Today Archive December 14, 2006 Issue
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Edition: December 14, 2006

Cover Story

Creditors' Catch

Question:Where can you find a multitude of young, well-heeled and fancyfree professionals always on the look out for the next purchase? The credit card sharks know the answer and it’s the software boulevards of India.
  • Let's move beyond the goon model By 2015, the number of Indians who will borrow will cross 500 million, so we need a more efficient recovery mechanism.
  • Banks can now reward good borrowers The new rules will require banks to rectify error within a week and Cibil to update the rectification in two weeks.
  • When borrowing needs therapy The classic sign of someone in the dangerzone is when they start planning current buying from future earnings.
  • Top-up Loans A top-up loan is something like an extra helping. It can be taken in addition to any existing big-value loan.
  • OD Facility But this is no ordinary loan. There are no EMIs. No post-dated cheques. And no pre-payment charges either.
  • Education Loans Students are lapping up the still evolving facility.
  • Vehicle Loans

    The two-wheeler and passenger car market is zooming. Easy finance is the octane powering that engine.

  • Credit Cards The best or worst kind of  loan, depending on its use.
  • The Power of EMI For an increasing number of urban Indians, EMI has replaced MRP as the key measure of affordability.A MONEY TODAY guide to smart borrowing.
Mutual Fund
By Tejas Bhope
Learn how you can use Exchange Traded Funds (ETFs) to guarantee that your portfolio grows at exactly the same pace as the indices you track.
Tax
There are five heads of income—salary, income from house/property, profit from business or profession, capital gains and income from other sources.
My Story
How philately became P. Sharma’s retirement plan. It’s been a passion for the past 50 years and still counting, but he can’t get enough.
Insurance
By Narayan Krishnamurthy
Most car owners are not aware of what their vehicles are insured against.A MONEY TODAY primer on how to be financially secure while on the road.
Investment
This selection of research reports gives information and opinions on companies and industries. Such reports are often filled with jargon, which we must reluctantly inflict on readers since excerpts are verbatim. Six such terms occur in these extracts: EBITDA = Earnings Before Interest,Tax, Depreciation,Amortisation, EV = Enterprise Value, EPS = Earnings Per Share, PE = Price-Earnings, PAT = Profit After Tax and YoY= Year-on-Year.
Real Estate
By Rakesh Rai
Want a children’s room just for five years? Or a home office for only two years? It’s now possible to make value additions to your home almost whenever and wherever, and for only as long as you want.
  • A New Coat There’s more to paints than colour and durability.The choice you make can do wonders to the looks and value of your house. Here is a quick guide.
Careers
By Rajshree Kukreti

A fatter pay cheque is not the only reason for a job switch. Change does play an important role in building a rewarding career.

Expert View
Sanjiv Shah

An ETF is designed to do no better or worse than the benchmark it tracks. Passive investing is low cost and transparent.

Banking
Personal loans are for all seasons, if not for all reasons. But the big question of course is the rate of interest. Personal loans are among the most expensive products offered by banks.

 

Travel
The key advantage of a travel loan over the personal loan is that the rate of interest charged is much lower in the former.  Furthermore, it varies depending on factors such as whether it is a clean loan or one which demands collateral security.
Portfolio Doctor
With most of his savings in equities, Mumbai-based Ashish Ladha has chosen an aggressive investment strategy. At his age, he can afford to do so.
Books
Financial analyst Parag Parekh finds this book on the legendary investment guru a rewarding read.
Editors Note
Broken into seven sections of credit ranging from credit card to travel loans, the story is for those who have embraced life on credit, but haven’t yet mastered the rules of this new lifestyle.
Back to the future
The Morgan Stanley Growth Fund (MSGF) is the only fund managed by MS. In its high-profile launch, MSGF raised Rs 981.80 crore from about 14.5 lakh investors.
Talk Back
Share market is mostly manipulated by interested parties and the public suffers on this account.
Upfront
The adoption of e-ticketing by many airlines and above all, by the Railways, has been a big driver. Given spends across travel tickets, books, movies, music, gadgets, hotel bookings, jewellery and apparel, it's obvious that e-consumers aren't lacking in a sense of adventure.

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