Banks and institutions that provide loans always come up with new ways and forms that help meet the needs of several home buyers. However, before you apply for a home loan, you should have an understanding about the most important aspect of the loan – the Equated Monthly Instalments (EMIs). You need to calculate your EMIs beforehand in order to prepare yourself for the future.Continue reading “How to Calculate EMI on Home Loan?”
Are mutual funds or Unit Linked Insurance Plans (ULIPs) better? There has been much debate about this topic. Both offer the benefit of long-term wealth creation and market-linked returns. Over the past years, the performance of these two financial vehicles has fluctuated, given the market volatility and regulations.Continue reading “ULIP or Term Insurance with Mutual Fund: How to Choose the Right Option”
The stock market has always been a preferred investment avenue for many. Considering the higher returns and market volatility, investors choose to invest in stocks for tax benefits and faster wealth maximization. Investors were issued physical certificates by companies in the past and the same has changed into de-materialized certificates where the securities are credited and debited from the trading account held by the investor in a bank.Continue reading “Here’s How You Can Consolidate Multiple Demat Accounts”
Settling down in a new country is not a trouble-free task. The process involves wrapping up things at your current place of residence and starting things anew in a completely different location. It also leads way to other fundamental changes of living, starting from a new bank account to a new residence. Understand all the financial aspects of opening up an NRO account or an NRE account, best-suited for your needs.Continue reading “What is NRE and NRO Savings Accounts”
A business loan is a way for a small company to obtain some initial capital and make some investments that are required in order to start its operation and grow from that point. But there are also some disadvantages about the business loan such as concealed information and costs.
The young generation of India is smart, vibrant, and capable. They have the strength and willpower that can take them places. And when it comes to studies, Indian students are excelling in every stream. Many global universities have seen a steady rise in the number of Indian students enrolling for post graduation degree courses away from their home country. This is because the Indian job market welcomes a degree from a top international university as compared to an Indian’s Bachelor’s or Master’s degree. Although, getting admission in an International Institution can be a hard nut to crack.
Paying heed to the advice of her close friend, Mrs. Reema Desai decided to invest in a health cover for herself and her family members. She understood that a health insurance policy offers financial security for high medical expenses in an event of hospitalization. However, she was confused about which insurance provider to choose given the various options available in the market.
If you are looking to reap the benefits of the stock market as well as receive insurance benefits, then a Unit-Linked Insurance Plan (ULIP) is an ideal investment option. Such policies invest in the stock market through a mix of growth, balanced, and equity schemes. Since these have an equity advantage, they have the potential to earn higher returns. ULIP plans also offer the benefit of life cover, thereby providing financial security to your loved ones in case an unfortunate event occurs.
Family matters the most. It is of utmost importance to safeguard family members especially in the event of untimely loss of their only bread-earner. However, the unforeseen cannot be predicted hence, it is vital to protect the life of our loved ones in our absence by opting for life insurance. Term insurance plan is a life insurance product where financial coverage is provided to the beneficiary of the insured during untimely death of the policy holder within the policy term. Term insurance is by far the most affordable and popular plan among various other life insurance products.Continue reading “Term Insurance Plans– Lifetime Protection for Family”
With regard to the Indian banking scenario, both nationalized and private banks play a vital role. Among the private sector banks, Yes Bank is a popular name and the fourth largest private bank in India. Since its commencement in 2004, Yes Bank has continued to play a pivotal role in offering customers dedicated and multiple services.Continue reading “What we see with Yes Bank Stock dip is a temporary Phenomenon. This Star will shine very soon, thanks to its fundamentals”
In 2017, India’s share of global market capitalisation (market cap or m-cap) went up after staying relatively flat over the last three years. The spike came on the back of a stellar showing by the Indian stock market, with certain key indices hitting new highs.
As a result, India’s share of world market capitalisation went up by 57 basis points (bps) from a year ago. It now stood at 2.93%. This also diminished the gap with share of gross domestic product (GDP) to the least it has been in five years.Continue reading “India’s Share of Global Market Capitalisation Narrows Gap with GDP Share”
Fixed deposits are an invaluable financial resource. This is because your investment in an FD matures over a long tenor, and along the way it earns interest, thereby ensuring that your money multiplies. However, it is possible that you encounter various situations and emergencies such as a wedding in the family, emergency hospitalization of your spouse, or financing your child’s higher education needs in the interim. Under these circumstances, you will have to raise finances urgently. This is where investing in a fixed deposit proves to be handy. Instead of taking an unsecured loan to meet your need for finance, you can take a loan against FDs to fund your immediate and urgent requirements.Continue reading “Everything You Need to Know about Loan Against Fixed Deposit”