SoftBank listing

SoftBank will list shares in its Japanese mobile unit next month in a sale that could raise over $21billion and be one of the biggest tech IPOs in years. The offering will take place in Tokyo on Dec 19 and will offer 1.6billion shares in its SoftBank Corp mobile unit at 1,500 yen ($13) each.

Choose Debt fund wisely

The Reserve Bank of India (RBI) had cut the repo rate by 0.25 percent, in its third bi-monthly monetary review for the financial year 2017-18, on August 2, 2017. 

The move is surely going to depress the retirees and other investors who rely heavily on the fixed income products such as bank fixed deposits. The bank FD rates are already lying low and in all probability will come down further.

The option one can opt is debt fund.
For a retiree, building up a portfolio to meet regular income needs requires careful attention. Safety, liquidity and post-tax return have to be kept in mind. Bank FD can be between 10%-15% of their portfolio for immediate liquidity requirement and debt mutual fund should be around 75%-80% of their portfolio, 
* Basic rule one needs to follow is, not to withdraw from debt mutual funds until the holding period of more than 3 years is completed in order to make it tax efficient. 

* For the income for the initial 3 years, required funds should be parked in Liquid and arbitrage funds, which are a better option compared to saving account and a systematic withdrawal plan should be setup from it. 

*Income for 4th year onwards will come from debt mutual funds through systematic withdrawal .. 

Mahila Bank momentum

More than a year after it was formed the Bhartiya Manila Bank, the lender that predominantly caters to women, is looking to end this fiscal year with a total business of nearly Rs 2000 crore.
The public sector lender is also planning to ramp up its branch strength to 80 from the present number of 40.
BMB is among those few banks which offer an higher interest rate on savings bank deposits than most of the PSU lenders.
It has joined hands with Lakme Lever Pvt Ltd, a 100 percent subsidiary of Hindustan Unilever limited ( HUL) to bring easy financing options to fuel women entrepreneurship.

Attractive rates

Attractive interest

Interest rates have been rising for over a year now. and while investors have grappled with the fallout like rising loan rates. it's also a fact that investment options such as bank fixed deposits have turned attractive. But as financial advisers will tell you there are more attractive fixed income investments avenues than deposits alone.
One such avenue thats turned attractive is short term income funds. Short term income funds are looking good with interest rates increasing every quarter and as theses funds have low maturity and low duration portfolios currently- Mukesh Dedhia..
These funds currently have an avg yield to maturity, assuming an expense ratio of about 1% investors can expect a return of 9% over one year. Also FMPs (fixed maturity plans) are close ended debt funds that hold their investments to maturity thus eliminating the interest rate risk. Remember the RBI has been consistently raising the interest rates since March 2010. Rates have risen due to many factors like inflation, tight liquidity and economic growth. In recent weeks liquidity pressures have eased and so yields on one year papers have come off slightly.
Given the prevailing rates, one year FMPs should give pre-tax returns of 9.5%-9.6%, or post returns of 8.5%-8.7%. In comparison one-year bank deposits are currently offering 10% to-10.25% or a post tax return of 7%-7.2% at the highest slab