FLAME Newsletter - May 22, 2013


“In banking, the only thing that could be mis-sold is loan. If banks mis-sell loan, only they will suffer” — KC Chakrabarty, Deputy Governor, RBI, in Business Standard


What are different avenues to buy gold?

Our reasons to buy gold have mostly been emotional, religious or traditional needs. We have often ignored the fact that gold is a non-income generating asset. People across the globe have taken to gold as investment in last several years due to global economic slow-down. This in turn has improved CAGR (compounded annual growth rate) figures of gold.

For people who want to have a portion of their wealth in gold, they must ensure their allocation does not exceed 10% of the portfolio. Here are some ways of investing in gold… Read more

Gold as a hedge against inflation

Should one opt for gold savings funds or ETFs? 

You may have been hearing all around that people are investing in gold and are advising you to do so too. However, buying physical gold is not the only option. Let us explore a gold savings fund and gold ETF and get acquainted with their features and differences. You can then gauge what would be a better investment option for you.

The main advantage about a gold savings fund is that you can invest in it even if you do not hold a dematerialised (demat) account. You can even start a systematic investment plan (SIP) with respect to this fund without a demat account. Through an SIP, one invests a fixed amount at regular intervals, generally every month, into the fund. However, a demat account is not required if one wishes to invest in a gold ETF… Read more  

Is investing in gold close to retirement a good option?

Looking to invest in gold? Here’s some paper versions

In case you wish to avoid the hassles of storing and maintaining physical gold, you can for opt for the easier and efficient paper version.

Gold exchange-traded funds and e-gold are good investment options for those looking for the comforts of physical gold yet avoiding the hassles that come with it. To buy or sell a gold one needs to hold a demat and trading account.

If you wish to avoid this hassle too, you could look to invest in a gold savings fund. These are funds of funds that invest in gold ETFs… Read more

How to convert e-gold into physical

If you have invested in e-gold through NSEL (National Spot Exchange Ltd), then there is a procedure to convert those units into physical gold like gold coin or bars and take delivery of the same. The e-gold units held in demat form need to be transferred to the designated beneficiary account of NSEL. A beneficiary account is a demat account in the name of an individual (single or joint holding). It is similar to a bank account. This account is to be used by the account holder for holding and transacting in demat units in electronic form… Read more


What are inflation-indexed bonds?

The first tranche of inflation-indexed bonds are scheduled for June 4, 2013. Do read on to understand whether the bonds will really benefit you… Read more


Act of God Perils:
 Any event not caused or contributed to by man. Some sudden and irresistible acts of nature that could not reasonably have been foreseen or prevented, such as floods or exceptionally high tides, storms, lightning, earthquakes etc. constitute Act of God Perils.


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FLAME (Financial Literacy Agenda for Mass Empowerment) is an IIFL initiative to promote financial literacy amongst the masses in order to make them an integral part of India’s spectacular growth story.

In an era of accelerating GDP and rising per capita growth, financial literacy has become more critical than ever before such that we all reap the tangible benefits of the nation’s economic prosperity. Financial inclusion has been quite high on the governmental agenda, given its emphasis on widening the Banking & Financial services network across the country. IIFL’s FLAME initiative stands committed to complement this effort by helping common people gain financial growth and security though better awareness and education on the variety of financial products while avoiding the lure of and loss from unrealistic claims made by unscrupulous agents and ponzi schemes.

Our objective is to light a FLAME, as the name suggests, which will set ablaze a chain of FLAMEs across the country. The new-found light of knowledge will undoubtedly dispel the dark clouds of financial illiteracy and ensure the bright sunshine of financial growth and prosperity.

This portal is but one of the various IIFL initiatives that would be part of FLAME.

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