With the cost of higher education estimated to rise by as much as 10-12% annually, parents are keen to build a corpus for their child’s higher education gradually. Many of them want to do this using mutual funds by contributing in the child’s name. CAN A MUTUAL FUND INVESTMENT BE MADE IN A CHILD’S NAME?Yes. …
WHAT ARE FLEXI-CAP FUNDS? Flexi-cap funds give fund managers the freedom to invest across the market spectrum—large, mid, or small-cap stocks —without the rigid allocation rules of other categories. The only mandate is that at least 65% of the portfolio must stay in equities and equity related instruments. This flexibility allows the fund manager to …
WHAT ARE GILT FUNDS?Gilt funds are debt mutual funds that invest mainly in government bonds. Since these bonds are backed by the government, they are very low-risk, making gilt funds a safer option for conservative investors. The portfolio of these schemes is a mix of government securities with different maturities. HOW DO GILT MUTUAL FUNDS …
Comparison of Term Insurance Options for a 35-Year-Old Person Option Annual Premium (₹) Maturity Value (₹) Extra Investment Opportunity (₹) Potential Additional Wealth (₹) 1. Pure Term Insurance 19,930 0 29,211 – 2. Term Insurance with Return of Premium (TROP) 49,141 14,74,230 0 0 3. Term Insurance + Investing Difference at 8% 19,930 + 29,211 …
1) Refer to the ‘list of documents to submit’ when making the application for a loan, and make sure that all the original documents are recovered. 2) Ensure that the documents are complete and received in good condition, in the presense of a bank official, before signing the acknowledgement. 3) Take an NOC from the …
The interest rate of an existing home loan and the flexibility the financing institution offers determines whether one continues with the same loan or thinks of a switch. For a lower interest rate and/or other advantages, customers can transfer the outstanding balance to another financial institution or bank. The new finance company pays the old …
Purchasing a house is a major financial decision. It requires large investment due to high property rates across leading cities in India. Higher property rates would mean higher loans but sometimes, single income is not enough to make one eligible for a higher amount that one requires. Under such conditions, a joint home loan is …