Finance

A comprehensive and visionary savings plan can help you gain financial independence early. If you don’t have to rely on monthly paycheques to fulfil your daily needs; you will have to build discipline and dedication to set up a savings plan and stick to it. Here are some tricks that can help you save money: 1.      Invest your yearly bonus Your month-to-month expenses could be taking up a chunk of your salary, and that might leave you with little or no money to invest in a monthly savings plan. One of the tricks that you can use is to invest the annual bonus that you get in a separate savings scheme. In this manner, will not feel a pinch every month, and yet be able to save a considerable amount annually. Similarly, you could also invest a part of the surplus ...

A loan against property is a popular way for quick access to cash. Banks usually sanction it speedily. But as the recipient of the loan, you have to be conscious of are the various factors before accepting such a loan. Life is seldom smooth regardless of how well you have prepared for contingencies. No matter how many hours went into financial planning, there is always an emergency need for funds. It may be for health issues, emergency medical treatment, marriage or education. A residential or commercial property will always come to your rescue. You can borrow several lakhs from a bank or financial institution as a loan against property. It is a secured loan since your house is mortgaged or kept as security. Five Things You Must Consider Before Taking A Loan Against Property 1. Loan agains...

A profitable and effective method to be investing in mutual funds is never ignoring the basics. Be it even retirement mutual funds India a proper degree of research, incorporate the proper funds and build a worthy and reliable portfolio. To clear understanding your investment options and formulating a proper portfolio is the key to success. Gets the ball rolling? Investment starts before you purchase the first mutual fund and even later. If there is no financial advisor to help you there are a few questions to ask. What are the things you plan to undertake with your savings? Would it be a retirement fund? Then next comes the time horizon you want to invest as it could be 1 year or even 10 years. The types and even categories of mutual funds Mutual funds are split into categories on the bas...

Mutual Funds are investments where two or more investors pool funds into an investment product. These funds are used as assets on investing in a group of assets to reach the fund’s investment goals. There are various types of mutual funds available and, for some investors, this wide universe of available products may seem overwhelming. The first step to get into the stock market game is opening an online demat account. To a first-time investor, mutual funds may seem a bit overwhelming. It’s actually a lot easier than it looks if the investor is careful and plays safe. The easiest way to choose the ideal mutual fund for you is choosing the one that provides the best returns at a lower cost. But funds are even bigger “winners” when they strategically enhance your own portfo...

An instant loan facility such as personal loan is one of the most preferred solutions to raise funds during an emergency. The loan formalities, processing and approval time, and disbursement are quick and can help you cover your needs quickly. The instant loan is offered to a borrower as per his creditworthiness, income, and repayment history. It is an unsecured loan for which you don’t need to put any collateral. If you can repay the loan without issues, you can get it without hassles. An instant loan facility like personal loan can let you borrow as high as up to Rs.25 lakh with a flexible tenor and many more useful features. These days, you can also apply for an instant loan right from your smartphone via an online loan app. Lenders offer the online loan app facility so that a borrower ...

What is an overdraft loan? When you are making a credit card purchase, you have to understand that there is some limit attained to it. This is when your dropline overdraft loan can come into play. It is different from the term loan. This means that once you have taken your term loan, you will understand the stark difference between it.  They combine the essential features of your term loan and the underlying loan that you get from the bank. It serves as the reducing limit of the cash that you take each month as the facility for the provision of the term loan and the interest which is added to it. The dropline overdraft loan makes sure that you have comparison cash of credit into your account so that you can get all the loan facilities into one place. Comparing to the term loans, it is...

The trends observed are the returns between a regular and direct mutual fund vary in value between 08 % to 1.25 %  on an annual basis. Though this would depend upon the market conditions and whether you are looking for any external help. For reputation of distributors happy customers are the key. Let us compare the benefits of regular between direct mutual fund investment Convenience A direct mutual fund plan signifies less expense ratio, as from the side of an investor more effort is called for. As an investor you need to shortlist funds on the basis of your risk profile and goals and choose funds that align with your needs. A middle man is going to have a concise idea about the same. Expert guidance To compare and analyse the performance of a mutual fund and then you need to match i...

Everyone loves to earn more with the help of his skills and learning. Those who are into the business prefers to drop more of their money in their business only while those who love to make money with the help of trading can move to the stock market.

SBI Bluechip Fund was launched in February 2006. This fund is active for more than 12 years now. SBI Bluechip Fund has seen all major market ups and downs. The fund is categorized in the large-cap category as it invests majorly in large-cap stocks. This mutual fund has a large AUM (assets under management) of more than Rs.17,000crore and ranks as the second biggest actively managed large-cap fund currently. This large asset under management speaks volumes about this fund’s consistent performance and investors’ trust in the mutual fund. SBI Bluechip Fund is a large-cap fund launched in 2006. This mutual fund belongs to the SBI mutual fund family which is currently India’s 5Th biggest fund house in terms of asset under management out of over 40 fund houses. This fund house was established in...