I want a monthly income for my 55-year-old mother. Currently, a lumpsum of 9 lakh is invested in the Post Office Monthly Income Scheme. It is giving returns of 7.7% per annum. Its term will end in a month.I am looking for an option that can give approximately Rs 9,000 to 10,000 per month with the same lumpsum. I have a secure option, provided by recently opened pension plan of the insurance company of my demised father. But it will require us to give up the lumpsum. I don’t want to lose it.I can take moderate risk with the lumpsum amount.--Tarun KhatriRishabh Parkah, Founder, Money Plant Consultancy, responds: A monthly income of Rs 9,000 to 10,000 per month from the available corpus of Rs 9 lakh, means you are expecting 13% returns. It is not feasible as any fixed return bearing financial instruments won’t be able to provide more than 7-8% returns. Expecting 13% returns annually from any mutual fund scheme in the short term is Unrealistic. You have also mentioned that … [Read more...] about Mutual funds to secure a monthly income of Rs 10,000 for my mother
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Promoters or companies which are not too pledged, where businesses are fine, maybe near term there is a revenue profit pressure -- those companies or segments are likely to become stronger as the news starts to improve over the next few months, says Sonam Udasi, Fund Manager, Tata Mutual Fund. Excerpts from an interview with ETNOW. How are you analysing the way global markets have become risk on? Do you think India will whole-heartedly participate in this rally now?Global factors were always in your favour with oil being where it is. Globally, there is extreme liquidity. Your own internal numbers on Indian macro were not looking very good and it is out in the open that growth is not so great. The good thing is that the government has taken note and every week or every day, we are seeing measures to boost growth. If there is such a policy action on the ground, markets will continue to climb the wall of worries going forward as well. How are you analysing the market valuations right … [Read more...] about Market will continue to climb the wall of worries: Sonam Udasi, Tata Mutual Fund
The latest update to Red Dead Online adds a new Frontier Pursuit, allowing players to become Moonshiners, distill their own liquor and even open their own saloon, complete with a live band.How to Become a Red Dead Online Moonshiner To become a Moonshiner in Red Dead Online, you'll first need to meet a handful of requirements. You'll need to be a Trader—one of the roles, or Frontier Pursuits, already available in RDO—with either a completed Trader Sell Mission under your belt or a Rank 5 rating.To become a Trader and start on the road to bootlegging, you'll need to speak to your camp mate, Cripps, and purchase a butcher's table for 15 gold bars. Can't you taste that white lightning already?Once you've met the prerequisites to start moonshining, speak to Cripps and he'll steer you to an experienced bootlegger named Maggie Fike, who can be found at Emerald Ranch. The ranch is smack in the middle of New Hanover, in the northwest, which can seen in the central part of the Red … [Read more...] about How To Become a ‘Red Dead Online’ Moonshiner and Open Your Own Bar
Digitalization is gradually taking over the economy. Many businesses are changing their mode of operation using cyberspace technology. One of the most common businesses in cyberspace is online trading. It has become the most stable source of income for many entrepreneurs globally. Crude Oil is a hugely popular commodity among traders. With supply and demand constantly in flux, volatility and news are never far away and liquidity is rarely hard to find. This business is not commonly known by many especially in Nigeria, despite the fact that oil remains the most common commodity across the globe. Luckily, you don’t need to handle any amounts of crude or own an importation license in order to trade the oil markets. This is because most oil and gas trading is handled via futures. So instead of buying oil, storing it, waiting for its price to increase and then selling it on and arranging for it to be delivered, you can buy a futures contract and then sell the contract … [Read more...] about How digitization is making online crude oil trading easier
Rani Mukerji's Mardaani 2 full movie gets leaked online on Tamilrockers on its very first day of release. In the film, Rani plays the central character of the police officer Shivani Shivaji Roy. Mardaani 2 deals with a serial rapist and talks about what happens to rapists who are juvenile criminals. It talks about how we need to be aware because threat can come from nameless, faceless and ageless people. Coming back to its online leak, it is yet to be seen if the film's business will suffer beacuse of the same. Meanwhile, here's what netizens have to say about Mardaani 2. Himesh @HimeshMankad: "When #RaniMukerji is angry, so are you as an audience. When #RaniMukerji cries, so do you, as an audience. When #RaniMukerji feels empowered, so do you, as an audience. WHAT-A-PERFORMANCE. OUTSTANDING is the word. #Mardaani2." Bhoumik Shankar Mishra @MishraBhoumik: "It's the interval of #Mardaani2 and it's going brilliant. Rani Mukherjee is promising and the story is solid. Let's see how it … [Read more...] about Mardaani 2 Full Movie Gets Leaked Online By Tamilrockers On Its First Day Of Release!