Mutual funds India has 11 categories of equity mutual funds which serve the different risk profile and investment need of mutual fund investors.

Within equity mutual funds of each category, best equity mutual funds are the ones which have consistently beaten the category average returns and the benchmarks returns over time.

While we know that equity mutual funds are the best asset class for wealth creation, but at the same time they are risky too. What about those who are risk…

SIP Investment is a hassle free way of making mutual fund investments for the short, medium or long term, based on one’s financial goals including child education plan. A Systematic Investment Plan or SIP is where an investor chooses to invest a fixed amount periodically in a mutual fund scheme for a given period of time. The SIP frequency can be daily, monthly, yearly or quarterly, based on what the investors want. Once a SIP mandate is given while starting the SIP, the same SIP amount gets…

Buying a four-wheeler is an asset and a priceless possession for all families. They consider it an honour and celebrate the grand occasion. With so many diverse models and features available, it becomes challenging to choose the perfect vehicle. Your life and asset are precious, and you need to protect them.

Nobody can predict unfortunate events, especially while driving. While you maintain safety, there is no guarantee that others are. Hence, the Indian Government made it mandatory…

Mutual Fund Investments can be done by investors in two ways - through SIP or Lump sum. Depending on one’s source and frequency of income, they can choose the method they want to opt for investment of their savings in mutual funds.

Sometime investors are confused between lump sum and SIP and thus they search for lump sum SIP calculator to plan their investments.

What is lumpsum calculator?

A lumpsum calculator help the investor estimate the returns on a lumpsum or one-time…

When you decide to buy a house, it is like achieving a milestone. But your savings solely cannot land you with the best deal in the market. You would need to apply for a home loan. Now, the house loan interest rates are low. Besides, a good credit score and repayment capacity could land you with the best and lowest rates. But before you decide to apply for one, there are some things you should include:

The loan amount approved depends on your home loan eligibility, like income, credit…

Property prices have increased and hence, you need to apply for Home Loans. It has become a global phenomenon. However, before you venture into that territory, understand the nature of such loans and how they work. Here are some facts that every borrower must be aware of:

You have the option of going for a Home Loan with one of the two Home Loan Interest Rates: floating or fixed. Interest rates on the former fluctuate according to market conditions, while on the latter, you pay a…

Owning a house in India is like achieving a life goal. It offers safety and protects you and your family from danger. You are independent without compromising on your priorities. You get the freedom to lead a carefree life. There are lesser liabilities and worries when you have shelter under your name. A Home Loan is a popular financial product in India offered by banks and other financial institutes to help fulfil your desires.

One of the solutions to ensure quick disbursal is to…

The education system in India is intense. Numerous universities offer degrees and diplomas in a range of courses and specialisations. Our country is also the education hub for students worldwide. Nowadays, you require new-age funding options that provide the benefits of quick sanctioning and processing.

An Education Loan is the cost of studies borne by a bank or financial institution to students who wish to undertake professional degrees or courses from India and abroad. They cover…

No matter the loan type you apply for, banks and other financial institutes need to make sure they can repay them. For confirming the repayment capacity, lenders ask you to submit some documents right from salary slips to bank statements to Income Tax Returns. They also consider the credit score. This is a three-figure number that helps lenders understand how often you borrow the sum and whether you repay frequently.

Credit ratings are essential primarily when you apply for Home Loan.…

Net banking facilities are used for different purposes. For example, when you make Mutual Fund payments, one creates a Systematic Investment Plan and add the fund company as the biller. These payments must also be set up to get paid regularly, allowing for constant and regular savings.

Most banks offer mobile banking apps that you must download and use on the go. Access your Savings Account anywhere, anytime, check account activity, receive e-statements, keep track of your account…

Employment is one of the goals to achieve. It gives financial stability and guarantees a secure future. The NDA government launched the Micro Units Development and Refinance Agency under the Pradhan Mantri MUDRA Yojana on April 8,s 2015, including a corpus of Rs. 20,000 crore to refinance and develop micro units across the country.

The purpose of the MUDRA Loan is to extend funding to the non-corporate small business sectors of India. It aims to encourage small businesses, primarily…

There are times when you need funds for emergencies or for fulfilling your personal goals. It is during such times you avail of Personal Loans. The most popular product offered by banks and other financial institutes is loans. You can apply them for tenures up to five years and repay them in equated monthly instalments. Nowadays, lenders offer these loans online as well with minimal documentation.

Following are the quick and easiest steps to apply for Personal Loan…

The Indian Prime Minister, Narendra Modi, launched several schemes aimed at people of different income groups, particularly those in the middle- and lower-income groups. The Pradhan Mantri Jan Dhan Yojana or PMJDY is the most popular scheme of the different ones. But what is it about?

Overview

The PMJDY, launched in August 2014, is a saving scheme to ensure that every Indian citizen can hold a Savings Account and gain a sense of…

In today’s digital age, most banks and non-banking financial companies quickly sanction Personal Loans. However, as a borrower, you need to do your due diligence before applying for one. You must make sure you are eligible for the loan and check the equated monthly instalments payable against it. The latter gets done with the Personal Loan EMI calculator. Here is how you should use the tool and things to consider while…

A few years ago, the Narendra Modi-led Indian Government and the Ministry of Finance launched the 'Beti Bachao Beti Padhao' initiative to educate and empower the girl child. Echoing this campaign, the Government launched a futuristic scheme helping the girl child receive proper education and financial independence. Introduced in 2015, the Sukanya Samriddhi Yojana has become popular owing to the…

You have a wide range of personal and professional commitments to meet once you start working. Dropping your kids off at school, meeting office deadlines, on-site visits and meetings with clients, grocery shopping, and so on. The task list is unending, leaving you with little or no time to visit a bank branch to access your Savings Account.

With the introduction of the internet, however, banks have gone online, allowing for more convenient and hassle-free banking operations. The…

Boosting savings is an aim for many, whether it is a down payment for Home Loans, retirement, or any other reason. When we talk about budgeting, the first goal is to save for an emergency fund. Make saving a year-round habit that you can look after regularly. Do not put off starting and growing your Savings Account because it is a life skill that everyone should learn. Following are…

The technology has covered leaps and bounds today. It has also opened up a gamut of opportunities for working individuals. There is an increase in non-resident Indians. If you are one of them, you still have ways to connect with your home country. Banks offer several products to facilitate that.

They also provide an NRI Home Loan to assist in buying property in India. The application process for the same is simple, with minimal criteria. But remember some aspects to make the most of…

Banks in India offer different credit facilities for financial assistance. A Home Loan is one such product that lets you fund your housing. It acts as the helping hand when you cannot buy property in one go. It is a convenient option that enables you to repay in equated monthly instalments. However, it is a huge financial responsibility. This continues for decades.

The way to go about it is to plan before applying. This way, you get to gauge your repayment capacity and proceed…

Getting a Home Loan for financing your new house is an exciting prospect. It lets you fulfil your aspiration earlier than anticipated. It is also practical to optimally use your earnings. The equated monthly instalments are manageable with the regular paychecks. But being young also comes with other needs.

A higher EMI restricts your disposable income for them. Hence, it is essential to ensure you reduce it before you apply. Compare and choose the appropriate lender for the same. For…