How RBI’s Policy Or Repo Rate Hike Affects Consumers
The Reserve Bank of India (RBI) in an attempt to tame inflation has started a rate hike cycle. The current inflation in the country has been well above the inflation target of the country. RBI in an attempt to control the surging inflation has started a rate hike cycle. Since the start of the year, RBI has increased the interest rates twice, – April 2022 & June 2022 –...
Product Offering For July 2022
Presenting the most reliable investment options for July 2022. Keeping the current global scenario and market reactions in mind, our financial experts at Fintoo have shortlisted some of the best investment options for you. Each investment option is selected only after performing an in-depth analysis and making logical assumptions about its performance in the future. The entire list has...
Interest Rate Hike Impact On Common People & Economy
The Reserve Bank of India raised the repo rate by 40 basis points (bps) to 4.40 percent in an unscheduled meeting and surprised the market. The Monetary Policy Committee (MPC) unanimously decided to hike rates for the first time since August 2018, while keeping the stance accommodative. Let us understand why was this necessary to call for an unscheduled meeting? This was done to...
Why is DMF more beneficial compared to RMF?
Mutual funds have now become the first choice for investment. It is one of the safest and most convenient forms of investment, as you can invest in form of SIP (Systematic Investment Plan) many investors are in dilemma should we consider regular or direct mutual funds? In this article, we have listed all the reasons that will help you know why Direct Mutual Funds should be the...
How to Opt For the Best Robo Advisor?
Robo Advisor is the new talk of the town, especially popular among the youths. A plethora of information is available on the internet that talks about the pros and cons of using the services. Has all the information available on the net still left you unsettled? Since you have now decided to take a plunge into financial automation, don’t know where to start? This article will guide you on...
Investment In Defense Sector
The defense sector has been in action for the past few days as stocks like BDL, HAL, and BEL have rallied sharply. BDL in particular is up 120% YTD while HAL is up 43% YTD while BEL is up 23% YTD. Globally, the shares of defense and aerospace companies have rallied. Lockheed Martin is up sharply and at ATHs along with General Dynamics and the likes. The iShares U.S. Aerospace &...
Increasing Inflation and Interest Rates
Amid the concerns over rising oil and commodity prices, global stock benchmarks have been on a downward slide. Fears of higher inflation, which may consequently derail global growth, have also pushed some investors to sell off. Food prices, which account for nearly half the inflation basket, are also expected to remain elevated as supply chain problems related to the Russia-Ukraine war...
Financial Changes from 1st April 2022
We have stepped into a new financial year and this is always a good time to create a financial plan for the entire year. But before you start your financial planning, it’s important to understand the new rules being applicable from April 2022 and their impact on your financial planning. Linking PAN with Aadhaar: In case you have missed the deadline to link your PAN with Aadhaar,...
Surprising Ways To Change Your Relationship With Money
‘Relationship’ As soon as you read this word, what is the first thing that came to your mind? We are sure that it must be either a person or at least something related to humans. Whenever we think of a relationship, it is mostly related to a human being. And as we understand the importance of a relationship, we believe in doing everything within our reach to nurture and strengthen a...