Do you know that your money is depreciating asset ? Its value goes on decreasing with time. It depreciates more if you keep it idle, without investing it anywhere.
What will be the value of your present Rs.1 crore at 6% inflation after various time periods, just look below;
After 10 years Rs.53.90 lakhs
After 20 years Rs.29 lakhs
After 30 years Rs.15.60 lakhs
Wednesday, October 3, 2012
Tuesday, October 2, 2012
New norms proposed by SEBI for Investment Advisors
SEBI (Securities and Exchange Board of India) in consultation with RBI (Reserve Bank of India), IRDA (Insurance Regulatory and Development Authority ) and PFRDA (Pension Fund Regulatory and Development Authority) has proposed that all individuals, body corporates (Banks and Non-banking finance companies ) and partnership firms which are engaged or plan to enter the business of providing investment advice to investors have to be registered and regulated under the Investment Advisors Regulations. They must obtain permission from RBI before approaching SEBI for licence.
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