Equity funds are funds that predominantly invest in equities or equity-related instruments. These funds are considered riskier as compared to debt funds. Within equity funds, there are several categories and if you take a closer look at their portfolio you will see the difference between them. Debt Funds or Debt Mutual Funds significantly invest the … Read more
NIRA is a mobile and web-based platform that is designed to extend the instant loan in India with nominal documentation online. The app drives entirely by means of technology, you can attain credit approval within a matter of minutes. The app stands out to be an easy solution to instant fund facilitation for everyone but before you decide to … Read more
Weddings in India consume a significant portion of a person’s life savings. People go to great lengths to make their weddings unforgettable, from investing their own money to taking out a marriage loan. The sudden increase in COVID-19 cases has had a financial and emotional impact on wedding plans. The majority of couples are deferring … Read more
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