What is a Voluntary Provident Fund? VPF is an employee savings scheme that comes under the traditional provident fund savings scheme. However, under the VPF scheme, the contributor can decide the fixed amount for a monthly contribution. This contribution is not part of the 12% contribution by an employee towards his EPF. Advantages Safe option … Read more
Debt Mutual Funds significantly invest the money in fixed-income securities like government securities, debentures, corporate bonds and other money-market instruments. These products carry the low risk compared to Equity. They have low volatility and have potential to generate modest returns over time. Tax on Debt Funds Like other Funds, Debt Funds are also subject … Read more
Planning for your child’s higher education corpus may look quite daunting at the beginning to gather such a large amount of funds considering the increasing inflation rate. Still, it is achievable, provided you are planning early and start your investments with SIP i.e. systematic investment plan in a mutual fund. Plan your financial journey according … Read more
In mutual funds there are two subcategories, which are active funds and passive funds. Active Funds As the name suggests, these funds are actively managed. The fund manager picks stocks as per his choice, i.e. fund manager has more involvement in the decision making. Actively managed funds generally are considered to be more aggressive and … Read more
Most banks and financial organizations prefer applicants for credit loans who have a credit score of at least 750. So, with a 550-point score, getting a loan would be challenging. Especially in this Covid time where money is required to save a life. You can find various lenders or aggregators like Afinoz offering personal loans for a CIBIL score of … Read more
Lately, the RBI allowed another loan moratorium facility on major acquired loans by people that are to say home loans, personal loans, and small business loans, providing further relief to borrowers struggling with lowering income, job loss, and pay cuts due to 2nd wave of the virus. Following the RBI guidelines, many banks and NBFCs are offering personal loans in India at … Read more
Having brilliant ideas but being unable to carry them out due to a lack of funds? Don’t worry, the Bank of Baroda personal loan facility is here to help people meet their different needs. Insufficient funds would no longer impede achieving the goals. By taking out a personal loan from this company, you can lavishly spend on your … Read more
As most financial services have got placed on the digital platform, it is vital for one to choose the best personal loan lender to avail of instant access to funds. Particularly, in unprecedented situations such as this 2nd wave of coronavirus pandemic and constant lockdown across 90% of places throughout the nation, it’s important that customers have … Read more
We use CAGR when we gauge the mutual funds’ performance. When you gauge the value of your investments, you use XIRR. So if you are doing an SIP every month you will require XIRR to evaluate what money you have made. How to calculate XIRR? To calculate XIRR, you will require three essential attributes. Date, … Read more
Financial empowerment isn’t about how much money you make. Financial empowerment depends on how you control and take power of that income and make life decisions with it. Here are the steps to the true financial empowerment of women. Step 1: Educate Yourself It’s high time women need to take care of their own money … Read more