Standard Chartered Bank has recently introduced a free legal service cell, for which prospective home buyers will undoubtedly be very grateful.
If you’ve applied for a home loan, or have had one sanctioned, you can consult them on a host of property-related matters, like clauses in the sale agreement, etc.
In May Will You Part For those of you who are still holding on faithfully to your UTI US-64 units, the government has assured investors with not more than 5,000 units, as of June 2001, of a repurchase price of Rs 12, in May next year. If you have over 5,000 units, you can expect Rs 10 per unit. Not too bad a deal - if you’ve held on this long, you might as well go the distance.
Smart Credit Gets Smarter We all believe that banks have more funds than they know what to do with. Well, for the better part, they DO know what they want to do with them — they wanna give some of it to you. As a housing loan, a personal loan, a car loan... and it gets easier and easier each time. “No documentation required” is an oft-touted phrase by the tele-marketeers, but at least here, they do mean it.
Currently, if you are an existing Standard Chartered Bank customer, they will give you an overdraft facility of upto Rs 50,000 as long as you fulfil certain basic average annual balance criteria.
Alternatively, if you keep rushing off for sales, and yo-yo-ing your balance, they will also offer you this facility if you have a SCB credit card. Check it out.
Go Blue! Everyone knows the basic rule of playing the stock market: Buy low, sell high. If only it were that simple, right?
Well, the market is at a low ebb, and a lot of the blue chip scrips are also at lower levels. This could be the time for you to pick up stocks, as a long-term investor, and step back to allow your portfolio to develop.
But make sure you have some knowledge about the industry/sector behind the scrip. Blue chips are not impervious to crashes and tumbles. What you need to ascertain, is whether the company has a strong position within the sector and its prospect for growth, what the leadership has been and whether it has pulled itself out of any rough waters in the past.
The firm’s resilience is an important factor to consider. At the current market levels, your risk factor is not that great, so start your research and go for it.
Quick Rollover... You’re In The Clover!! If The Securities and Exchange Board of India has its way, the time taken for you to actually receive your shares after buying them on the market, may be down to just about five days.
The SEBI chairman wants to shift to a T+2 cycle, which means that for a purchase on Monday, your broker will receive the shares on Wednesday, and should transfer them to you within 48 hours. This will help you move your shares around faster and help you grab market opportunities more easily.
Blue chips stocks might be your best buy right now.

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