Financial Planning

The IMF officially green-lighted the acceptance of China’s currency – the Yuan – into the IMF’s foreign exchange basket. According to Reuters, this move paves the way for the IMF to place the yuan on a par with the US dollar. This is the latest in a series of global developments that threatens to eliminate the US dollar as the world’s reserve currency. Experts predict this announcement will trigger one of the most profound transfers of wealth in our lifetime.   So if you want to protect your savings & retirement, you better get your money out of US dollar investments and into the one asset class that rises as currencies collapse. The IMF Holds Supreme Power The International Monetary Fund, or IMF, is one of the most secretive and powerful organizations in the world.   They monitor the financial health of more than 185 countries. They establish global money rules and provide “bail-out” assistance to bankrupt nations.   Some are warning that any move by the IMF to supp

We all would be confused on the new rule issued by SEBI for mutual fund of consolidation of the funds to each other. We are confused on the thought that as an investor is my money safe to the investment I have made in that particular fund or not? Before all this thought let us understand what this move by SEBI is and what   would be its impact on us as an investor and market. Before  thinking off as something irrelevant for people like us, let me tell you upfront that  this is important . This is a big change that is taking place in mutual funds segment in India. Let me take some effort to try and make understand this rationalization exercise undertaken by almost all the mutual fund. This will help you better to understand how bigger can be your portfolio in future that what it is today. I may not be that proper or may miss few points but will try my best to cover as much as I can. Till now in the Mutual Fund Industry have been accused of starting unnecessarily