Types Of Loans, Eligibility, Benefits Explained
“What you do today can improve all your tomorrow” explains how loans can aid you. Sometimes we do not have the money to pursue our dreams like buying a car, purchasing a new house, and others. Availing a Loan comes in handy in such situations. Loans are either secured or unsecured and it has three components i.e. Principal, Interest Rate, and the tenure Principal refers to the total...
Credit Card Frauds – How Financial Planning Helps
A credit card lets us buy items without cash, one of the most common methods of electronic payment. Credit cards are a strong payment instrument as they let us easily avail a quick line of short-term credit while making transactions. It enables us to increase our purchasing power, with advantages like ease of use, reward points, and cashback. Credit cards are financial instruments that...
SIP Or Lumpsum Which Is Better?|SIP Vs Lumpsum
Investing in mutual funds is definitely not as simple as investing a large amount of capital and then withdrawing is once you earn profit. It involves many more activities like setting financial goals, identifying investment opportunities that match with your goals, understanding the difference between short-term and long-term investments, maintaining the required diversity in your...
Why Review Your 2021 Finances Before 2022 – FFC Ep 55
The new year is just a day away. To ensure that the coming year to be stress-free, you must review your finances. This review will help you assess how you have done with your finances in the last year, where you stand today, and the steps you need to take to set yourself up for success financially in the short and long term. Reviewing your 2021 finances will help you organize your...
Importance of having an Insurance
Support to families during an emergency Financial security Transfer of Risk Compulsion on having Insurance Peace of mind Uncertainties are the only certainties! The pandemic has made us realise that we all live in an unpredictable world these days. Thus, there are many legitimate reasons to prepare yourself for the unannounced curveballs. What better than getting yourself...
Should You Stop SIP When Equity Market Reaches Peak?
Nowadays, most investors consider SIP (Systematic Investment Plan) as a choice of investment. One of the most obvious reasons behind this is the transparency, simplicity, convenience and the power of compounding that mutual funds offer, especially to the investors who invest for the long term. However, SIP will help you not fall into the trap of timing your investment. It is one...
What Is RBI Retail Direct Scheme, Benefits & Risks- FFC EP 53
You can now invest in G-sec directly through RBI Retail Direct Scheme. The government launched a platform that will allow retail investors to buy and sell government securities on their own through – RBI Retail Direct Gilt Account. Under RBI Retail Direct Scheme, one can invest in RBI Bonds, Central Govt Bonds, State Govt Bonds, SGB and Treasury Bills. one can invest in primary as...
How Young Investors Can Be Disciplined in Financial Life
If you want to reap financial blessings in life, you have to sow financially. To achieve a financial goal one needs to invest and this investment has to be made religiously. Young investors understand the power of investment but over a period of time, they tend to lose enthusiasm. A successful investor is one who is disciplined with his investment. You need to follow a process over and...
Pre Market Analysis – 16th Dec 2021
Markets violated the key support on Wednesday after Nifty closed below 17312 while USDINR cleared its psychological barrier of 76. The close below 17312 has also reactivated breakdown in Nifty Non IT Index which holds 82% weight within Nifty and projects downside potential of 28% in near term. With JPYINR clearly sustaining above 66.70, we expect any rebound in equity markets to remain...