The most significant advantage of a joint home loan is the increase in home loan eligibility. Incomes from all joint home applicants are pooled in to enable the applicants to obtain a higher loan amount towards purchasing their dream home. All the joint home applicants are eligible for tax rebates under Section 80 C for… Read More »
Another way to use this rule of thumb is to guess the rate of return that you must get for an investment to double within a particular period. Say, Mr. Ramesh wants to buy a house after six years for a budget of Rs. 30 lakhs. He has Rs. 15 lakhs with him as of… Read More »
Apart from investing in funds that can guarantee your returns which in turn might help in funding your financial requirements apart from wealth creation, it is important that you buy the appropriate insurance policies that can save you from any rainy day. After all it is your hard work and investment that will help in… Read More »
Businessmen, who are new to the world of entrepreneurship, are advised by every experienced person to maintain a distance from credit cards in order to fund their business. This is because as these people struggle to gain a strong foothold in their business, and when money is not flowing in as smoothly as it should,… Read More »
Most investors fear that they might lose out on their investments due to the fluctuations in the equities market. Contrary to popular belief, volatile behavior is not restricted to the performance of stock markets. Similar attributes can also be observed in the debt market, and the current scenario is witness to the fact that any… Read More »
Expense ratio, or the expense a mutual fund house incurs to operate a fund, is a charge all investors must bear. Although this may not seem like a huge liability to you, it is these charges on which mutual fund houses heavily bank their profits, irrespective of the profitability of their equity schemes. The expense… Read More »
With a fear of a prospective fall in the market, fund managers have decided to revise their investment strategies in the field of equity schemes. They are increasingly hiking their cash holdings in products, while at the same time, trimming their exposures in Futures and Options (F&O) that were initially used as hedges to protect… Read More »
There are various types of debt funds that are available in the market with varying maturity periods. Depending upon the investor’s requirements the funds can be chosen. The short-term debt funds carry high liquidity whereas funds whose maturity period extends for up to 10-15 years or even beyond, have low levels of liquidity. Debt assets… Read More »
Currently there is an increasing awareness about the importance of a credit score and the impact it has on any loan who wish to opt for in future! If you are one of those individuals who plan to take a home loan a few years down the line and do not have a credit score… Read More »
Owning a home gives you a sense of pride and liberty, but also many responsibilities. For a first timer, it would be a rather complicated process, especially ‘saving’ for down payments. The savings for a home purchase can be started at any time, much before you seriously start shopping for a home. With the RBI… Read More »