While school and college fees are relatively low, it is not the case with higher studies, especially when it is pursued abroad. Hence banks and financial institutions provide educational loans to fund studies. These are special purpose loans that help the students cover the cost of pursuing a higher degree or some specialized courses. They… Read More »
Stock investments are a crucial component of an individual’s investment portfolio. Stocks have the ability to pay high returns in lesser time than most of the other forms of investments. However, these investments are also considered riskier than traditional investments like fixed deposits, LIC or postal savings.
When there is an increase in the Prime Lending Rate (PLR), the interest rate on your loan will also go up, and your repayment would be higher. However, in most cases, financial institutions would allow you to pay the fixed amount of monthly repayment (EMI) throughout the loan tenure and would make any adjustment caused… Read More »
Repayment of the loan will begin 12 months after the completion of the course or 6 months after getting job whichever is earlier and it is to be paid in monthly installments which is typically for 60 months. If you are an NRI and want to send your child back to India for studies and… Read More »
Load is a fee that is charged when you buy or sell the units of a fund. When you buy the units of a fund, you pay a percentage of it as a fee. This is known as the entry load. Generally, if funds charge an entry load, they will not charge an exit load… Read More »
When errors crop up due to lack of awareness you could end up evading tax unknowingly! That could turn out to be a costly mistake somewhere down the road! So be wise, get your tax facts right! Here is a quick sample checklist for you!
At the end of it, this whole thing about keeping children out of money matters was probably a wrong idea. Children have to be introduced to money and how it works. Children should be allowed to take money decisions, make mistakes and learn from them when we can still hold their hands.
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.
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.
Until now, Equity Linked Service Scheme (ELSS) has been one of the first-choice mutual funds for investors. It has two benefits as it helps you save on tax and at the same time helps you invest in the stock market. The 3 year lock-in period ensures that the investment is long-term and also is protected… Read More »