wealthymatters

Decoding your CIBIL CIR

July 17, 2011 11 Comments

wealthymatters.com If you have just bought your CIBIL credit report and need some help understanding it or if you are considering forking out for one and want to know what you will get,the following write up is for you:

Here is the information found on a CIBIL CIR:

Payment history

Days Past Due (DPD) appears in the account(s) section of your CIR. It appears with one other piece of information — the month and year of payment. DPD indicates by how many days a payment on that account is late that month. Anything other than ‘000’ is considered negative by a lender. Up to 36 months of this payment history (with the most recent month displayed first) are provided in this section. Read more of this post

Filed under Paper Assets, Theory, Tool Kit Tagged with CIBIL, CIR, collateral, credit, credit history, Credit Information Report, credit report, current balances, current income, days past due, doubtful loan, DPD, EMIs, extent of debt, fees, financial obligations, free copy of CIR, late payments, loan approval, loan sanction, loans, loss, new credit facilities, payment history, postaday2011, RandomBlog2011, RBI asset classification norms, reputational collateral, standard loan, substandard loan, uncollectable

The Temple of Gold

July 14, 2011 2 Comments

wealthymatters.com The Sripuram Mahalakshmi temple is my new find for the day.I heard about it on the TLC show ‘Oh My Gold-OMG’.The pictures are stunning.I plan on visiting the place on my next visit down South.

The temple is supposedly located on 100 acres of land and has been constructed by the Vellore-based Sri Narayani Peedam, headed by spiritual leader Sri Sakthi Amma also known as Narayani Amma.Sripuram-Sri Lakshmi Narayani Golden Temple is supposedly the largest Golden temple in the world, with over 1.5 tonnes of gold used. All the gold work has been done by artisans specializing in temple art using gold. Every single detail has been manually created, including converting the gold ingots to gold foils and then mounting them on copper. Gold foil from 9 layers to 15 layers have been mounted on the etched copper plates. Every single detail in the temple art is supposed to have some vedic significance.

The lighting is arranged in such a way that the temple glitters at night. And the LED lighting on the ridge of the roof of the star path is lit up at night so that flights operating in that direction can witness a star on the earth.

A house of gold-a fitting tribute indeed to the Goddess Mahalakshmi!

Filed under Tidbits Tagged with Goddess, Gold, gold foil, gold ingots, Hinduism, Mahalakshmi, OMG-Oh My Gold, postaday2011, RandomBlog2011, Sri Lakshmi Narayani Golden Temple, Sri Narayani Peedam, Sri Sakth Ammal, Sripuram Mahalakshmi Temple, temple, temple art, TLC, Vellore

Rakesh Jhunjhunwala Ppt

July 13, 2011 6 Comments

wealthymatters.com

Here is a power point presentation dating from Rakesh Jhunjhunwala’s 11 Aug 2007 meeting with IIT -Mumbai students.I happened to find it by chance today.And it’s still worth a read.When you have a spare 15 minutes do flip through the presentation.

http://www.authorstream.com/Presentation/lakkaraj_kk-115602-rare-analysis-presentation-rakesh-jhunjhunwala-celebrities-ppt-powerpoint/

Filed under Paper Assets, Theory Tagged with IIT, postaday2011, Rakesh Jhunjhunwala, RandomBlog2011, stock investor, stock trader

MIPs – Monthly Income Plans

July 11, 2011 3 Comments

MIPs are hybrid debtoriented mutual fund products.They are great places to park money if you have a 2-3 year horizon.The majority of the money in this case is invested in debt and the NAVs fall when the interest rates rise.Currently the equity markets are showing some weakness and the interest rates are high,so MIP NAVs are low.So its a good time to pick up MIPs .HDFC and Reliance are 2 fund houses that are known for their treasury management operations.And HDFC and Birla Sun Life MIPs have perfomed well due to superior management of the equity component.

Here is a video that walks you through the ABCs of MIPs:

Filed under Paper Assets, Theory, Tool Kit Tagged with Birla Sun Life Mutual Fund, debt, HDFC Mutual Fund, hybrid debt oriented mutual fund, Interest Rate, MIP, monthly income plan, mutual fund, NAV, post a day, RandomBlog2011, Reliance Mutual Fund, treasury management operations

Liquid Funds + USTBs Vs. FDs

July 10, 2011 3 Comments

Here is a video laying out the pros and cons of investing in liquid and liquid plus funds vs FDs.Where you invest will depend on the guarantees you seek,the amount you wish to deposit,the interest rate scenario in future,prevailing interest rates,tax liabilities,the use you wish to put your cash to in future etc.Do watch the video before you decide either way.

Personally I have found that sometimes you get short term FDs that offer better rates for senior citizens than the mutual funds.And the most important takeaway from the video is that FDs can be used to lock in high rates in a falling interest rate scenario.