In today’s world, a good education can lead to immense opportunities and can take you one step closer to the career path of your choice. Sadly, this is not the case for everyone as most of the people who attend university need to take out a student loan. The cost of a good education is…Read More Student Loan Forgiveness: What are Subsidized and Unsubsidized Loans?
When you retire, there are few incomes sources which you are left with. Pension is the only source of income for most retirees, but the problem is that their expenses tend to increase as they grow older. That’s because with increasing age comes health issues, and if you do not have a medical insurance bearing…Read More Should Retired Individuals Opt for Balanced Mutual Funds?
If you are new to the world of mutual funds, do not worry, investing in them is easier than you can imagine. By now, you must know that mutual funds are professionally managed funds that invest in multiple assets like equity, debt and other money market instruments in accordance with achieving the scheme’s objective.…Read More How to Start a Systematic Investment Plan Online?
Although a lot of investors invest in mutual funds and other investment tools to seek capital gains, very few tend to focus on taxation on these gains. Understanding how much you are going to be taxed for your returns is equally important. That’s because there is no point investing in a scheme whose tax ratio…Read More Difference Between LTCG & STCG
Finding and deciding on the right loan in the UK can be challenging, especially considering how you ought to take multiple factors into account. These include why you need a loan, the loan amount, how much time you need to repay the loan, and so forth. Why get a Loan in the UK? People apply…Read More Looking for a Loan in the UK? Here’s What you Need to Know
The stock market is one of the most popular investment avenues in India. Investors invest their savings into the stock market with the objective of wealth creation. It has the potential to give unimaginable returns. No other investment option can give returns like that of share market. As per Warren Buffet, “Investing is the process…Read More How To Invest In Stock Market?
Personal loans have gained popularity in the last few years and become a customer favourite owing to their easy disbursal process, minimal documentation, and speedy approval rates. Interest rates play a crucial role in any type of loan and decide the total cost of borrowing. Unlike other loans like education loans, home loans that have…Read More Factors That Affect Personal Loan Interest Rates & Everything You Need to Know
SIP (systematic investment plan) is a method through which people can invest in mutual funds. It is a simple plan through which one can invest a fixed amount of money at fixed intervals or variable duration of time (depending upon the type of scheme) into a mutual fund policy. Rather than putting a huge amount…Read More Here are 5 Ways How You Can Maximize Your Returns on SIPs
In a historic move, the government of India passed the Goods and Services taxes bill on 1st July 2017. It replaced multiple existing taxes imposed by state and central governments. GST in India was needed for quite some time. The first announcement of the bill was made in the 2006-2007 budget by then Union Minister. …Read More GST and Its Impact: Is The Law Good, Better, or Best?
A personal loan is an unsecured loan you can avail to address financial emergency situations like payment of medical expenses, travel costs, home renovation expenses, education fee and others. Such type of loan is approved on the basis of your creditworthiness that is measured by checking your credit score. Lenders in India check on credit…Read More Here’s All That You Need to Know About a Personal Loan for Low CIBIL Score
Are you ready to retire from the daily grind of your stressful nine to five job? How do you know that you are prepared to say goodbye to your office desk, to your co-workers and your boss once and for all? Well, there are certain parameters and benchmarks to consider in order to figure out…Read More 5 Signs That You are Ready for An Early Retirement
Investing is the smartest way to deal with surplus cash. Even for regular office-goers investing in a mutual fund scheme makes so much more sense because it increases their chances of creating wealth. Over the past years, mutual fund investment schemes have proven to fetch higher returns as compared to traditional investment options like Public…Read More How Does the 3 Year Lock-in of ELSS Compare to Other Tax Saving Instrument?
If you are someone looking for a financial product where you can invest your savings without having to devote a lot of time and energy, mutual funds are your answer. Mutual funds are a passive way to invest in the capital market, which could be equity, commonly known as stocks; or debt, known as bonds.…Read More 5 Key Benefits of Investing In Mutual Funds
Marriages are made in heaven. But the big fat Indian weddings are made with a lot of money as well. The grandeur which is being associated with weddings is the trend with people ensuring each aspect of their big day is perfect in every sense. People in our country save for years for weddings in…Read More Cover Wedding Costs with Personal Loans
Mutual funds can be an effective market-linked investment option for investors among the many available alternatives in the finance market. They offer dual advantage of generating wealth in the long run while helping to save tax. Systematic Investment Plans (SIPs) are considered as an efficient way to invest in mutual funds. They allow you to…Read More Five different types of mutual fund SIPs
Most Indians invest with two purposes in mind: build wealth for the future and save on the income tax liability. A fixed deposit is one of the most popular instruments for the first purpose – it keeps your capital safe while also guaranteeing a healthy return on investment. A variation of fixed deposit is tax-saving…Read More Difference between normal FD and tax saving FD
A personal loan is one of the easiest ways to get a decent amount of money to see you through a bad patch or to spend on planned expenses. If you can provide your lender with minimal documentation about income continuation and have a good credit history and score, you become an ideal candidate for…Read More How Good CIBIL Score helps to Get Personal Loan Approved?
The full form of PFMS is Public Financial Management System. The is a social security scheme which is started by the Government of India to check the growth and development taking place in the social sector. PFMS provides scholarships to many students, whether they are in college or school. Some of the scholarship schemes initiated…Read More How PFMS Scholarship is useful for students
Many of us tend to think of retirement planning as a very distant event. Especially for those of us who are in our 20s and 30s, we do not feel a pressing need to start saving for our retirement. But financial planning is vital for a secure and stable financial future. The earlier we begin,…Read More Some Simple Retirement Products Suitable For Most Savers
Education costs across the world are soaring at an alarming rate. Be it secondary education, higher secondary or a professional degree, the cost of education is at an all-time. To give an example, the price of education in pre-schools and nursery in metropolitan cities is around Rs.1-1.5 lakh. This cost could rise further in the…Read More Is Education Affordable Today, and will it be years from now?
Our country has witnessed the development of housing projects at a faster rate in the last few years. However, the occurrence of stalled housing projects was increasing at an alarming rate. To change this picture and encourage to the homebuyers, Government of India has made an exciting announcement in the first week of November 2019.…Read More Govt. approves Rs.25000 Crore Plan for Stalled Housing Projects
With the Reserve Bank of India reducing its repo-rate for the 5th consecutive time, and the new mandate for financial institutions to link their home loan interest rates to an external benchmark, housing loans have become much cheaper for borrowers. To understand how RBI’s repo-rate cut can affect payments of home loan EMI, it is first…Read More Know How a Decrease in Repo Rate Will Lower down Your Home Loan EMI
Individuals are always on the lookout for avenues to invest their hard-earned money. Taxes, increasing interest rates on loans, and inflation cause a reduction in the amount of money a person saves over the years. With savings bank interest rates falling as low as 3.5% to 4.5%, there’s not even beating inflation, forget about growing…Read More Mutual Funds Investment Made Easy – An Innovative Approach
“In this world nothing can be said to be certain except death and taxes,” is a famous quote by Benjamin Franklin. Surprisingly, it also holds true in the world of wealth creation. You invest in several financial instruments to get good returns and fulfill your life goals. You then later realize your capital gains are…Read More What Makes Tax-Saving Exercise an Integral Part of Financial Planning?
Since there continues to be a growing debate on what’s the difference between trading shares as compared to trading CFDs (Contracts for Difference), we would like to provide some brief clarifications on the matter. We would like you to know that each type of instrument comes with both positives and negatives, so without further ado,…Read More Comparison Between Share Trading and CFD Trading
It is important to open a demat account to participate in the stock market. The account will allow you to hold shares in your custody in a dematerialized format. It is very similar to a bank account where you hold your money. You hold securities in a demat account. Before you open such an account,…Read More How to Choose a Demat Account – 5 Great Tips
Whistleblower complaints continues to make headlines. The most famous now seems to be the whistleblower complaint against US President Donald Trump, over his handling of his conversations with the President of Ukraine. Whistleblowers in the United States have specific protections which allow them to come forward without facing ramifications. Infosys in the Headlines The financial…Read More Infosys Faces SEC Scrutiny over Whistleblower Complaint
As a prudent investor, you need a well-defined financial strategy for a comfortable and secure future. Financial discipline involves saving more money, cutting down unnecessary expenditure and making well-planned investments. Plus, an efficient financial plan must also account for inflation rates to set financial goals correctly. With a disciplined approach to investing, it is not…Read More New Year 2020 Investment Resolution: Use SIPs to Become a Crorepati
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?
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?