Many people are fond of gold, especially women, who like jewelry not only as an investment but also for its aesthetic value. In 2004, 10 grams of 24-carat gold was Rs. 4,110. By 2024, it had reached Rs. 75,000; experts estimate it may soon reach Rs. 1 lakh. The demand for gold has increased, making … Read more
People who want to save for the long term have recently turned to mutual funds. The number of investors is increasing significantly, especially after the outbreak of the coronavirus epidemic. However, it is possible to withdraw from mutual funds before maturity in an emergency, subject to conditions. You can cancel without an exit load using … Read more
RBI Guidelines on Credit Card Management: A credit card can be a bane for many people when cash is not readily available during emergencies. Also, if you want to increase your credit score quickly, a credit card is a good tool. You can build a good credit history by paying the bills on time and … Read more
Despite the increase in life expectancy in India, many people face health problems due to increasing air pollution, changing lifestyles, and food adulteration. Diseases are affecting people of all ages, not just the elderly. As a result, hospital costs are rising, leading many to consider health insurance to cover these expenses. The premium for health … Read more
Many investors seek high-return investment opportunities, even with a degree of risk. Mutual funds are popular, offering two main types: regular and direct. However, experienced investors recommend against investing in regular mutual funds. Why not invest in regular mutual funds, and what are the alternatives? Let’s explore. Regular mutual funds are bought through an intermediary … Read more
Debit cards were once only helpful in withdrawing money from ATMs, but their use has now expanded to include POS transactions, online purchases, and the UPI interface. However, not all debit cards offer the same facilities, so choosing a card that meets your specific needs is important. Different cards have different charges and features. Consider … Read more
Several important factors should be considered before taking out a car loan. Interest Rate: Currently, banks offer car loan interest rates starting from 8.70 percent. However, these rates may vary based on loan tenure, credit score, and down payments. It’s essential to compare interest rates from multiple banks online rather than relying on a single … Read more
One crucial decision when choosing a home loan is between fixed and floating interest rates. Each type has pros and cons, and understanding the differences is key to making an informed decision. This knowledge empowers you to choose the best option for your financial situation. Fixed Interest Rate on Home Loans: A fixed interest rate, … Read more
Booking a train ticket can sometimes be followed by unexpected changes in plans, leading to a need to cancel or transfer your ticket. Fortunately, the Indian Railway Department has provisions for cancellations and transfers, ensuring a smoother travel experience for passengers. If you need to cancel your train ticket, you should know that you will … Read more
Investors can choose between a Systematic Investment Plan (SIP) and a lump sum investment regarding mutual funds. Before you invest in mutual funds, it’s crucial to grasp the nuances between a Systematic Investment Plan (SIP) and a lump sum investment. Your financial goals and capacity should guide you in this decision-making process. SIP, or Systematic … Read more