For Whom Wealth Matters
July 17, 2011 4 Comments
Your Credit Information Bureau (Cibil) credit information report (CIR), other than your income, is the single most important tool used by a lender to evaluate your application for any loan or credit card application. So, it’s important to understand how to improve your CIR, so that it is viewed favourably by lenders .Here are some basic rules to improve your CIR: Read more of this post
July 17, 2011 11 Comments
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
July 14, 2011 2 Comments
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!
July 13, 2011 6 Comments
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.
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:
wealthymatters 