Fixed deposit interest rate hike: The era of rising interest rates on fixed deposits is not over yet. Some factors that indicate this is credit growth remaining much higher than deposit growth; the recent decision of the Reserve Bank of India (RBI) to increase the investment limit of non-callable deposits to Rs 1 crore. As an FD investor, you can take advantage of rising interest rates to invest in term deposits. Know how your FD interest rate will be impacted in the short term and long term.
Financial planners are resoundingly in favour of imparting financial literacy right from childhood, as that will make kids much more responsible with money as they grow into adults.
Financial independence and retire early (FIRE) is a movement of sorts whose followers believe in frugal spending and a higher rate of saving – nearly 70 percent of income.
After Bandhan MF s US Treasury Bond 0-1 year Fund of Fund (FoF), Aditya Birla Sun Life (ABSL) MF has come out with US Treasury 1-3 Year Bond ETFs FoF and 3-10 Year Bond ETFs FoF.
US bonds, which generally offer low yields, have turned attractive post the 525-basis point hike in US interest rates.
According to Bloomberg data, the 1-year and 2-year US treasury yields now stand at 5.4 per cent and 5.1 per cent, respectively.
Although the yields remain lower than what Indian government bonds offer, the differential has come down steeply.
The mutual fund schemes saw an inflow to the tune of ₹22,837 crore, next to only small-cap mutual funds and around 18 percent of the total equity inflows.