Money Today Archive November 2010 Issue

Edition: November 2010

Cover Story

New rules of personal finance

Pending proposals and reluctant regulations have been implemented in practically every sphere of personal finance. Learn how they stand to benefit you.
  • Removal of entry load Removal of entry loads on all mutual fund schemes by Sebi from August 2009. It was a step up from exemption to direct applicants only.
  • 'Investors turned away from funds' Ashu Suyash, MD and Country Head of Fidelity Mutual Fund, tells Babar Zaidi how the removal of entry loads on mutual funds last year has affected small investors.
  • Introduction of ASBA Introduction of the applications supported by blocked amount, or ASBA, by market regulator Sebi in September 2008.
  • The takeover code An increase in the open offer size from 20 per cent to 100 per cent has been recommended by the takeover committee. It's likely to be implemented in the next financial year.
  • 'Investors have saved Rs 1,300 cr' K.N. Vaidyanathan, Executive Director, Sebi, tells Tanvi Varma how changes in the mutual fund sector over the past year have affected investors.
  • Ban on commissions Phasing out of all commissions payable to insurance agents by April 2011. Also, removal of loads for all financial products.
  • Change in Ulip structure Capping of charges on Ulips, extension of lock-in period from 3 years to 5 years and raising of minimum cover to 10 times the premium.
  • The new face of ulip The recent changes in the Ulip structure and the new Direct Taxes Code will change the way this market-linked policy benefits the customer.
  • Online Insurance Online sale of life insurance. It has removed the intermediary between the firm and the policyholder. Aegon Religare Life Insurance launched it in 2009.
  • Shifting benefits via insurance Portability allows benefits accrued under an existing policy to be carried over to a policy with a different insurer.
  • New lending benchmark Replacement of the benchmark prime lending rate (BPLR) for banks with base rate, on 1 July 2010. It is the rate below which the banks cannot lend.
  • Daily interest calculation The interest rate on savings accounts is to be paid on the average daily amount, rather than the minimum monthly sum. It was introduced on April 1.
  • Card transactions Withdrawal of up to Rs 10,000 from any bank's ATM for free, five times a month. This facility was launched on 15 October 2009.
  • DTC Proposals The new Direct Taxes Code and the Goods and Services Tax, both of which are set to transform the direct and indirect tax structure.
  • Telecom Tariffs Introduction of the 'one paisa per second' tariff plan for mobile phones by Tata Docomo. It first took off in Tamil Nadu in June 2009.
Mutual Fund
Tanvi Varma/Money Today
Anand and Arundhati Talwalkar
Small- and mid-cap funds have been outperformers in the past one year, but this should not make them the mainstay of your fund portfolio.
  • Auto Rebalancing Despite a healthy growth since launch, the MONEY TODAY-Value Research Lifestage Portfolios' asset allocation remains within limit, thus controlling risk.

Ashish Bhatia
Here are some free web applications that can help improve your productivity by pruning out work warts and reducing security concerns.
Babar Zaidi/R Shree Ram
The stock market is dangerously close to the January 2008 highs. Find out whether you should buy, hold or sell your stocks at this juncture.
  • Finding value at 21,000 The market is looking full priced at this level. However, there are still some pockets of opportunities. Here's how to spot them.

  • Fishing for large-cap winners In the concluding part of the series on celebrity investors' strategies, Sameer Bhardwaj tests James O'Shaughnessy's method of picking large-cap winners.
As benchmark indices move closer to their historic highs, investors are booking profits, with equity mutual funds witnessing a net outflow of Rs 7,011 crore in September.
Editors Note
Aroon Purie
The world of investing has seen the best of times and the worst of times since MONEY TODAY was launched four years ago. The economy went through one of its finest phases but also suffered one of its worst hiccups.
Talk Back
Money Today

Smart Spending
Sam Abraham
Sam Abraham reviews new products and services to help you zero in on those that offer value for money.
  • 10 tips for a car's long life If you know how to maintain your car, it will go a long way in paring down repair costs and increasing its resale value. Here are some simple pointers to enhance your car's upkeep.
Last Word
Money Today
A massive influx of FII money in recent months has taken the Sensex close to its 2008 high. In September this year alone, FIIs pumped in Rs 29,195 crore into the equity markets.
Citius, Altius, Fortius' could well be the rallying cry of the rupee as it rises swiftly, touches new highs and becomes stronger against the dollar.

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