Industry experts believe that the biggest blunder one can do with credit cards is swipe it at an ATM machine for cash. Although you may be well within your cash limit, the interest rates levied over such transactions are enormous, rising as high as 40% on an annual basis. It is because of this proposition… Read More »
If you are worried about market volatility crashing your investments in the market, then make a smart move and invest in Systematic Investment Plans or SIPs. These instruments are regarded as the oldest and most popular tool in the fight against the volatility of the market, offering respite to the investor by making investments in… Read More »
It is not advisable to invest a lot of your funds into insurance policies. Especially if those insurance policies are Ulips’ (Unit Linked Insurance Policies) based. The main reason being that excess of such investments tend to harm the growth of your returns. As a prudent investor it is important for you to understand that… Read More »
As banks continue to raise their rates on interest offered on fixed deposits, interest rates have swelled up like never before. Senior citizens are benefiting the most as they are the ones on the highest peak of the receiving end. In such a scenario, while it may seem quite alluring to get rid of your… Read More »
It is not uncommon for parents in the country to open a fixed deposit in the name of their child as soon as he/she is born. However, in following this routine practice, parents have forgotten that before making any investment, it is mandatory to verify the impact the fund will have with fluctuations in the… Read More »
As an investor, in order to derive maximum benefits from the market, you need to swear by the golden principle of diversification. Make investments in a range of funds offered by an array of mutual fund houses, that aren’t just limited to your area or region. Although this idea may seem a little wild, do… Read More »
Term deposits of banks are expected to outperform their benchmark with an outstanding performance, owing to a rise in the surplus of liquidity that has been wasted in one hand, but on the other hand, it has increased the demand for bank funds in the country. All term deposit rates will rise with a subsequent… Read More »
What exactly are Forex prepaid cards? Those cards that are pre loaded with funds and are issued by banks and Forex dealers are called Forex prepaid cards. This plastic cash, unlike any other general credit cards, provide you with the facility of purchasing your required goods or services from any part of the world no… Read More »
At a time when the market is prone to constant fluctuations and a behavior of volatility, it is difficult for fund managers to cash on constant profitability for clients. The demand for fund management charges cannot be justified when the fund is unable to draw on profit. In order to combat such a scenario, it… Read More »
Although we all are aware that online transactions with credit cards are highly susceptible to net frauds, we continue to live in denial. Remember the times your heart jumped joyously when you received a mail from the Reserve Bank of India stating that your application for tax refund has been accepted and the RBI will… Read More »