Mastering Mutual Funds: A Guide to Various Types and Schemes

Mastering Mutual Funds: A Guide to Various Types and Schemes

Mutual funds, once a small player in the financial market, have risen to wield significant influence in valuing tradable assets like stocks and bonds. As an investor, owning units in a mutual fund means holding a portion of the fund based on your investment amount. The fund’s value appreciation is distributed proportionally to investors after deducting expenses.  While mutual funds offer advantages and disadvantages compared to direct securities investing, they now play a vital role in retirement planning. In this post, we will explore the various types of mutual fund schemes that…

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The Different Types Of Weekend Payday Loans And Their Features

The payday loan is a relatively new option for those who need quick cash. While payday loans do require borrowers to pay back their loans, they also have the benefit of allowing borrowers to get money quickly and easily. Short-Term Loans Short-term loans are available for a short period, and they’re not recommended for people who need long-term financial assistance. They’re also not recommended for those who need urgent loans for bad credit with bad credit or low incomes. These types of loans are great if you need money right…

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Quick Tips for Applying for a Gold Loan

A gold loan is a secured credit facility that comes in handy during unforeseen financial crises. It is one of the easiest and best loan options for customers today who wish to get financial aid without hassle. Those who want to opt for this credit facility should know these tips and use a gold loan calculator to determine the affordability of a gold loan.  Before opting for this credit facility, willing applicants should have a few factors in mind. Here are a few efficient tips for those who want to…

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5 Tips to Enhance Your Home Loan Eligibility

Home Loan eligibility calculator

While planning to purchase a dream home, prospective homebuyers must analyse how much money they will put from their pocket and how much Home Loan they will need from a housing finance company. There is an upper limit on how much a lending institution can lend to buy a house, and the loan eligibility varies for each individual. Home Loan providers calculate each applicant’s eligibility based on several factors, including income, credit score, down payment and repayment capacity.  A Home Loan eligibility calculator helps calculate the accessible loan amount based…

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Why is Working Capital Management Necessary for Your Business?

Working-Capital-Loan-Scheme

It is impossible to overstate the significance of working capital management to your company. One of the best indicators of a company’s health is how its working capital is managed. But what exactly is working capital? Working capital, which includes items on your balance sheet like cash, unpaid invoices, existing inventory, current accounts payables, and liabilities, is, in a nutshell, the difference between your company’s available assets and liabilities. That sounds easy enough.  However, how do all of these various components combine to form the centre of working capital management?…

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Top 5 Factors that Influence your Home Loan Interest Rate

Top 5 Factors that Influence your Home Loan Interest Rate

Since 2019, India’s housing credits have been associated with the repo rate of the Reserve Bank of India. While the repo rate was fixed at 4% in 2020, the most significant advantage for borrowers is the transparency of interest rates. They can now acquire the best home loan available in the market by comparing the offerings of different lenders. A reduction in the repo rate is beneficial for floating interest rates. However, there are various other factors that lenders evaluate. Awareness regarding the same will allow borrowers to avail the…

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The Biggest Difference Between Debit and Credit Cards

There are numerous differences between a credit card and a debit card. Even though both cards frequently look the same, they serve many similar functions. The main distinction is that with a credit card, the bank lends you money to use, which you then repay with interest every month. In contrast, when you use a debit card, you are spending money that you already have. Difference Between Credit and Debit Cards Parameters  Debit card  Credit card Definition Deducts funds directly from your savings or current bank account. Allows you to…

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How to Start & Get Highest FD Rates in India in 2023?

fixed deposit in 2023

FD is a fixed deposit account where you can deposit your money for a set period and earn interest. The interest rate on FDs is higher than on savings accounts and other similar investment options. Investing in fixed deposits is one of the best ways to grow your money.  With FDs, you can enjoy guaranteed returns with low risk and calculate FD maturity amount in advance using FD return calculator, making it a great option for those who want to start investing but don’t want to take on too much risk.…

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The Truth Behind the Common Misconceptions About Personal Loans for Salaried Employees

personal loan for a salaried employee

We all have a desire for a safe and comfortable way of life, as well as a safety net to deal with any unplanned/immediate needs. So, what do you do if you run out of money during an emergency? You can take a personal loan even if you have an emergency fund. People have many misconceptions about personal loans, so they do not take personal loans when needed. These loans are available to anyone fulfilling the eligibility criteria. Furthermore, new-age lending institutions like Clix Capital now offer online personal loans.…

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4 Simple Tips to Reduce the Home Loan Interest Burden

Home Loan Interest

A home loan is a long-term commitment, and if not repaid on time, can impact the borrower’s credit score. So, one should carefully plan the repayment schedule and make necessary planning to ensure a smooth and timely repayment. Borrowers can take the help of an online home loan interest rate calculator to estimate the monthly payment and total borrowing cost. Notably, to minimise the loan burden, one can opt for a few ways to reduce the overall home loan interest amount.  4 Tips to Reduce the Home Loan Interest Payable…

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