Posts Tagged “a”

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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Credit card, unsecured loans drive banks’ credit growth – Is it a good news?

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Credit card, unsecured loans drive banks’ credit growth – Is it a good news?

There is continuous rise in banks’ credit growth especially due to small ticket size loans aka retail ones which include home loans, personal loans and vehicle loans. Retail has been driving loan growth at 15-17% and the share of retail loans is at 26%, an all-time high. Unlike 2017, where credit growth was hampered due…

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How to Get a Low Interest Rate on a Personal Loan

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How to Get a Low Interest Rate on a Personal Loan

The quicker you pay off loans, the more likely you will be seen as trustworthy to your lender. (Getty Images) The average interest rate on a two-year personal loan is 10.7 percent, according to the Federal Reserve. But depending on your credit history, income and other factors, you may be able to qualify for a rate in…

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Import Excel data just by photographing a spreadsheet

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Import Excel data just by photographing a spreadsheet

Microsoft recently rolled out a number of major updates to its products, including a particularly handy new feature for Excel. Using the Android version of the app, users will be able to snap a photo of a printed data table and have it converted into a digital, editable spreadsheet. The feature, which is available to Microsoft 365…

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