Down Payment for Home Loan
You might have heard the phrase ‘dream home’. We all have it but very few of us can afford it! According to a census conducted in 2011, it was seen that 69% of urban families own a house. If you fall this percentage then be happy! Else you still have a long road ahead to…
Read More What To Do When You Don’t Have Money For Down Payment?
mutual-funds
What are mutual funds? Mutual funds are pool of money gathered from different investors and combined together to be invested in different types of securities like stocks, money market instruments, bonds, and other related assets. Professional experts called fund managers manage mutual funds that are operational in allocation the money from investors in these different…
Read More What are the Different Types of Mutual Funds in India?
Demat Account
Call it a beginner’s myth or just a common misconception, but a lot of people believe you need a large sum of money to begin investing in the stock market. This myth originates from lack of knowledge of investment or word of mouth communication or maybe someone with bad experience in the stock market. Nevertheless,…
Read More How to Invest in Share Market with Limited Funds?
investment planning
Before you think this article is an exaggeration, we need to state that, it is indeed possible to accumulate Rs. 1 Crore by saving just Rs. 90 every day. The only catch is that it won’t happen overnight. So in case you’re searching for some otherworldly “easy money scheme” that will bring you everlasting wealth,…
Read More How Saving Just Rs. 90 a Day Can Help You Accumulate Rs. 1 Crore?
HOME_LOAN
On 7th August 2019, the Reserve Bank of India has cut down the repo rate from 5.75% to 5.4%. This was the fourth time that RBI reduced the repo rate this year. This cut down is intended to support the growth of the economy. This could also give a boost to PMAY, a scheme introduced…
Read More Will Home Loan Interest Rates go Down in Future?
person holding coins
Every time equity markets experience short-term volatility; doubts begin to cloud the minds of most investors – is it time to discontinue the SIP investment? This is especially true in the case of mutual fund investors who began their investment journey a few years ago, without experiencing drastic market fluctuations. A crucial piece of advice…
Read More Why You Shouldn’t Stop SIPs HOME_LOAN
Purchasing a house is a massive financial decision which your family and you need to take. For first-time buyers, a home loan is the best way to bring their aspirations alive. If you are taking the credit, it is essential to understand all about it. After all, it is a commitment that will run for…
Read More 8 Things to Know Before Taking a Home Loan
Tax Saving Investments
To achieve you long-term financial goals, it is important to start exploring and planning tax-saving investment options and the best way to invest money at the beginning of the new fiscal year. Doing this will help your investments to compound, as it gives you enough time, aiding your long-term goals. If you want to choose…
Read More Top 10 Investments You Should Make Now To Save Tax for FY 19-20
LTCG Tax
Last year’s 2018 Budget imposed a Long-Term Capital Gains Tax (LTCG) on the sale of both equity shares and mutual funds. So from the fiscal year 2018-19 onwards, the gains made on the sale of shares in excess of Rs. 1 lakh will be taxed at 10% rate. If you are an investor, chances are…
Read More How to Reduce the Impact of LTCG Tax on Your Investments? mutual-funds
Be it via lump sum or a SIP investment, choosing the right mutual funds can help enhance your portfolio and achieve your financial objectives. However, the abundance of mutual fund investment options can make it hard to decide which one to pick. Sometimes, new investors make the mistake of selecting mutual funds based on their…
Read More Insightful Tips on How to Choose Best Mutual Funds to Invest in According to Your Portfolio
Aggressive Investment Policies
When it comes to looking after their hard-earned money, some individuals in India think that simply keeping it in a bank account is the best idea. After all, that is ultra-secure and there is little risk involved for the saver. Once money has been deposited in the bank it is very easy to just leave…
Read More Aggressive Investment Policies Might Now be Advisable
Mutual-Fund-Taxation
Mutual Funds (MF) are an important investment avenue for many investors. Equity MFs particularly have found favour with investors for their inflation-beating returns as well as being attractive investments as far as tax implications are concerned. Returns on mutual funds can be calculated in a number of ways; here are two common methods: Absolute Returns:…
Read More How are Mutual Fund Returns Taxed? Down Payment for Home Loan
Buying a dream home usually makes it to the top of every individual’s priority list. However, with skyrocketing real estate prices in top cities and even small towns, buying a home becomes quite a pricy affair. Therefore, to assist middle-class buyers in fulfilling the distant dream, the NBFC and banks have introduced numerous home loan…
Read More Tips for Arranging Down Payment for Home Loan
credit card cash advance
Will I be able to use the credit card in the same way that I do with my debit card? In many ways, the answer is YES. There is not much difference in the use of a credit card and a debit card. When it comes to withdraw cash, you can make a withdrawal from…
Read More Everything you must know about credit card cash advance
investment-declaration
Every taxpayer must learn about all the legal ways to save tax. Proper tax planning can help you achieve this goal if you spend enough time to determine the ways that can work for you. Consider investing in the right tools to avail of tax benefits. Tax-exempt investments to claim tax deductions There are various…
Read More Investment Declaration to Get Tax Exemption
Pradhan Mantri Awas Yojana
The Pradhan Mantri Awas Yojana or PMAY is one of government’s most ambitious projects to provide affordable housing to economically backward sections of both rural and urban India. The project has completed four years with over 26 Lakh houses built as a part of of affordable housing. However, it still falls short of the total…
Read More Pradhan Mantri Awas Yojana – Urban may get a Thrust Tax Saving Investments
When looking for an ideal investment plan, we all look for certain benefits. To maximize the benefits and tax savings, one needs to narrow down and shortlist multiple tax saving investments. These options offer tax breaks and deductions in adherence to the governmental guidelines. If you are an investor, you might have more preference towards…
Read More 5 Investment Options with Dual Tax Benefits
stock market
You will often hear investors, especially beginners, asking, ‘What is the best stock to buy?’ While this is a relevant question, there is another important question to consider: ‘What is the best time to buy a stock?’ The key to locking in profits lies in knowing when to buy a stock. Once you have gauged…
Read More When is the ‘Best Time’ to Buy a Stock?
Business Loan
If problems related to inadequate cash flow are keeping you away from setting up your new business, a business loan is your only remedy. Not everyone is capable of funding one’s own business, and it is absolutely okay to take refuge in business loans for starting a new business. However, getting a business loan approved…
Read More How to Prepare Your Organization for a Business Loan
Current Account
Gone are the days when you rely on just one bank account for maintaining your personal as well as business finances. The need of the hour is to segregate your personal expenses from your business expenditures and keep a clear record of your business revenues. A current account is not even a choice anymore! It…
Read More Current Account Features That Matter
ELSS Save Taxes
“Taxes included” – Two words that are more disappointing to read than your bank balance at the end of the month. In fact, it’s partly because of these taxes that your bank balance looks that disappointing in the first place. Now, there are some taxes that cannot be avoided. Like the ones that run longer…
Read More Make Money While You Save Taxes
personal loan interest
Emergencies can crop up anytime, banks and NBFCs in India offer personal loans that can be utilized to recover from financial hassles. Not just this, one can avail this type of loan to visit his dream holiday destination, for home renovation purposes or even for buying a new smartphone or laptop. No matter what the…
Read More How Personal Loan Interest is Calculated and What are the Factors that it Depends on?
Moving out of Your Parent's House
Living on your own can cause so much pressure on your finances. When living in your parent’s house, you don’t pay the bills. Nonetheless, once you decide to start living on your own, you’ll need to have a keen look at your finances. Most people make the mistake of moving out without assessing their financial…
Read More 3 Financial Hurdles You May Be Facing When Moving out of Your Parent’s House
Millennial Home Buyer
Millennials are undoubted the dominated workforce of current times. According to an estimate, millennials control a massive amount of money, which will become $24 trillion by 2020. They are significant parts of all the sectors, including real estate. Between the years 2016 to 2017, one out of five millennials have purchased a new house and…
Read More The New Age Home Features Millennials Want
dream vacation
Vacationing abroad at an exotic location is a dream that most of us share. But, given the unaffordable costs involved, we postpone it till an opportune time arrives. How can one fund an international trip without disrupting our financial future? Because, unless we plan our budget, the expenses of a vacation can our finances. Let’s…
Read More Start Investing in SIP and Plan Your Dream Vacation Demat Account
The Indian equity market is one of the major investment avenues for people to park their savings. To be able to transact in the stock market, a demat account is the primary requirement. In this article, you will learn about the basics of the demat account. Let us begin the article by learning the meaning…
Read More Understanding the Basics Of Demat Account
Types of Demat Account
Having a demat account is a pre-requisite for carrying out transactions in the stock market. Whether you want to buy shares, sell shares or simply hold them in the electronic form, you need a demat account. In fact, your demat account holds all your shares, government securities, bonds, mutual funds and exchange-traded funds in a…
Read More Types of Demat Account and Which Demat Account is Best for Beginners mutual-funds
Before we begin with mutual funds, let us clarify what does 101 have to do with mutual funds? 101 denotes introduction of anything to which it is attached. In simple terms Mutual funds 101 meaning introduction to mutual fund or mutual fund for beginners. Mutual Fund is not a rocket science to understand, any person…
Read More Mutual Funds 101 – A Detailed Guide to Index Funds in India
morningstar
If you are even remotely interested in investing or in the market, you would have been directed to Morningstar as a resource for making an informed decision. As a naive investor, it can be helpful to have a guiding strategy in the form of a trusted investment-research firm. It is therefore important to first understand…
Read More Everything You Need to Know About Morningstar Fund Ratings
Credit Card
Your credit card statement is almost similar to the utility bill that you receive every month. The statement is generated for a particular period, and you get a grace period to repay without any interest. Failing to pay the bill within the due date attracts a fine. Financial institutions impose high interest rates and late…
Read More Top Things to Look for on your Credit Card Statement