More often than not many of us consider a personal loan as the best option to meet contingencies. Opting for a personal loan without studying its terms and conditions and services could cost you more than what you intended!
Festival season discounts comes in two ways; one, the cash discount where the retailer cuts the price by a significant amount and sells cheaper; two, the retailer provides a loan to buy goods at an easy EMI.
Our society is changing. Nuclear families are the norm. Inflation is high and hence money needed to fund the retirement is increasing. Additionally due to longevity of life, the requirement for retirement fund will further increase. This is where the right retirement planning helps individuals spend their time in old age with dignity.
In recent times, whenever the monetary policy is to be announced, one sector which pays a close heed to it, is the real estate sector, hoping that the announcement comes in its favor. However, like the last 10 times, this time too, when the policy was announced, it bought no cheers to the sector. The… Read More »
It is really important for an investor to first understand the economy and the financial systems prevalent in the market before he decides what to invest in. With the cost of crude oil having increased considerably per barrel, the Indian government has also acted by increasing the price of petrol and diesel severely. Other stocks… Read More »
For overseas Indians, India offers a tremendous opportunity for investment and wealth building as India is slated to grow at the rate of 8%-10% for the next few decades.
The Income Tax Act, 1961 defines a non-resident Indian as an individual, being a citizen of India or a person of Indian origin, who is not a resident. A person is of Indian origin if he or either of his Indian parents or any of his grandparents was born in undivided India.
For most middle and upper-middle class families, a house is the most expensive asset owned by them. The asset also has emotional value and therefore families should perform meticulous research before buying the same. The following is a set of must-dos before buying a house.
Liquid funds are a very popular choice if the investment is for a small duration. These funds invest in very short-term securities such as commercial papers, short-term treasury papers and bank deposits. They are not affected by interest rates fluctuations. So, if Mr A holds on till the maturity of the product, then he would… Read More »
PPF, NSC, Post office accounts, insurance (except ULIPs) and FDs are safer, they offer lower returns and are not very liquid, due to their long lock-in period. On the other hand, ELSS (Equity Linked Savings Scheme) has a short lock-in period but is more risky, while ULIPs (Unit Linked Insurance Plan) carry the risk of… Read More »