Posts Tagged “a”

Top Reasons Why you need to get a Personal Loan

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Top Reasons Why you need to get a Personal Loan

When in dire need of financial assistance, the first step is deciding how you are going to borrow money. You can opt for a home equity loan or a credit card loan. However, seeking the service of a personal loan lender would be the ideal way to get money quickly. With personal loans, you get…

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Bitten by travel bug? Get a personal loan

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Bitten by travel bug? Get a personal loan

Have you been planning to take a break from work to recharge your batteries? Almost everyone keep dreaming of a holiday but not everyone can pull it through given the budget constraints. Indians seem to be letting loose their purse strings to go on vacations, shows figures from the travel industry. Indians spent Rs 6.5…

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Xiaomi’s Mi Credit allows you to get a personal loan (and other top stories of the day)

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Xiaomi’s Mi Credit allows you to get a personal loan (and other top stories of the day)

Starting with smartphones, Chinese smartphone maker Xiaomi has now ventured into the digital lending space. Earlier this month, Xiaomi launched Mi Credit in India, touting an easy application process for getting personal loans. Upon approval, the users have the option to choose the amount and the tenure of the loan. The app is available for…

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Auto loan vs personal loan: Which is a better option to buy a new car?

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Auto loan vs personal loan: Which is a better option to buy a new car?

Car makers offer big discounts and other consumer benefits such as exchange bonus and free accessories in the month of December Representative image  |  Photo Credit: BCCL New Delhi: Car makers generally offer attractive deals in the month of December. Plus, interest rates on bank loans have dropped, and dealers want to liquidate year-end stocks by…

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What should investors do when a star fund manager exits?

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What should investors do when a star fund manager exits?

The mutual fund industry has seen many fund manager exits in the last few years. Somendra Nath Lahiri, the chief investment officer of L&T Asset Management Co., is the latest in the list; he put in his papers in mid-November. At the fund house, Lahiri was managing nine schemes with assets under management of around ₹30,000 crore. Usually, the exit…

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SBI mega property e-auction tomorrow: How to register as a bidder

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SBI mega property e-auction tomorrow: How to register as a bidder

The State Bank of India will auction non performing assets (NPAs) worth ₹700 crore this month to recover its dues from those borrowers. The bank will hold a mega e-auction on 5 November and also plans to hold a total of three auctions in this month. The bidders can bid for the properties online after they get themselves registered online…

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4 Mistakes To Avoid When Taking a Personal Loan

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4 Mistakes To Avoid When Taking a Personal Loan

A personal loan is an unsecured loan offered by banks and non-banking financial companies (NBFCs). These are unsecured because a borrower is not required to pledge any asset—property, jewelry or car—to get the loan. For this reason, personal loans come with a higher interest rate compared with secured loans, such as a home or car…

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A debt that goes beyond property transaction

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A debt that goes beyond property transaction

. Small causes courts which try ‘cheque bounce’ cases under the Negotiable Instruments Act, do not allow cases which relate to property transactions. The cheques paid for purchase of property which are dishonoured do not come under Section 139 of the Negotiable Instruments Act. However, a case filed in 2016 recently disposed (August 30) was unique for this…

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Fund of Funds is a better fit for DIY investors

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Fund of Funds is a better fit for DIY investors

The budget had nothing much for mutual funds to talk about. But there is one provision that is likely to bring some cheer to a certain category of mutual funds—the fund of funds (FoF). FoFs are mutual fund schemes that invest in other mutual fund schemes. In other words, the scheme does not hold shares or bonds…

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Invest in a thematic mutual fund only if you’re convinced about the sector’s growth

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Invest in a thematic mutual fund only if you’re convinced about the sector’s growth

I have been investing ₹25,000 in mutual funds each month through systematic investment plans (SIPs) for a year now. I am investing in ICICI Prudential Bluechip Fund, HDFC Hybrid Equity Fund, Tata India Consumer Fund, Axis Long term Equity Fund and Mirae Asset India Equity Fund. All my investments are direct plans (growth option). I want…

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Planning to take a loan for your holiday? Know your options

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Planning to take a loan for your holiday? Know your options

Borrowers should check other options and deals offered by banks directly on their website or from fintech companies and online loan providers. During the travel season, most make random travel plans without prior planning and don’t always have sufficient money put aside to fund their vacations. Due to a shortage of funds, some people also…

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Know these 5 essential things before availing a personal loan in your 40s

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Know these 5 essential things before availing a personal loan in your 40s

With a family to support and enormous responsibilities to shoulder at this stage, it makes sense to weigh the pros and cons of taking a personal loan Representational image  |  Photo Credit: BCCL The need for cash during a sudden medical emergency, home renovations or children’s education are some of the unplanned expenses that can be…

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Debt mutual funds with Zee exposure send investors into a tizzy

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Debt mutual funds with Zee exposure send investors into a tizzy

MUMBAI: Worries about the prospects of debt mutual funds holding securities of Subhash Chandra’s Essel Group entities have resurfaced after Kotak Mutual Funddelayed full redemption in several fixed maturity plans (FMPs), sparking a scramble among investors to check if they too have any exposure to such paper. Wealth managers said investors have turned jittery about the repayment capabilities…

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Should I invest in hybrid mutual funds for a goal that’s 30 years away?

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Should I invest in hybrid mutual funds for a goal that’s 30 years away?

I am 24 years old. I have recently joined SBI as a PO and am looking to invest in mutual funds. My primary goal is to generate a retirement corpus (at least Rs 1 crore). I would want to invest for next 30 years. Can you suggest the right scheme or mix of schemes to achieve…

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