At some stage in life, many of us often face this dilemma- is it better to take the plunge and buy our own home, or should we just rent one? The “EMI versus rent” debate has been going on for quite some time. Where on one side financial advisers propagate home buying as an ideal... Continue Reading →
When buying an under construction home, developers often seek payment on the basis of the stages of construction completed. Catering to such requirements, Home Finance Companies (HFC), facilitate partial disbursements of the sanctioned loan periodically, in tune with the developers demands. For these partial loan disbursements, a borrower would be required to pay what is... Continue Reading →
The Foreign Currency Non Resident Deposit (or the FCNR-B), is an exclusive deposit for Non Resident Indians, that is maintained in select currencies of choice. For those NRIs sending money across to India, the possibility of foreign exchange risk exists, by way of conversions done at the time of investment and again at the time... Continue Reading →
Volatility has become a part and parcel of the Indian economy now. From erratic index movements to fluctuating interest rates, the economy has seen it all. In the face of the recent market downfall, here are some key tips to help you make sensible investment decisions. Market movements cannot be predicted, but these practical tips... Continue Reading →
For years now, savings accounts have been the popular choice for those seeking to park their liquid cash. Considered a safe bet, they have not lost their shine amongst investors, despite their meager returns. Now here is an attractive alternative to park your short term funds. Liquid funds are an ideal option for that extra... Continue Reading →
This is a question that crosses almost all minds. Unlike our forefathers, our dependence on our children for our welfare is almost nil or minimal, post retirement. We need to save and plan for ourselves, so that we are able to lead a comfortable life, without financial constraints in the golden years of life. However,... Continue Reading →
Life is filled with desires and ambitions. A holiday abroad, a swanky new car, or a plush home, whatever it may be, we earn money to fulfill such goals. However, very often, when it comes to saving for our goals, most of us randomly make investments, without a proper plan. We buy financial products, without... Continue Reading →
Almost all investments that you make are borne with a certain degree of risk. Where some may seem highly risky, in a few others, the risk may be minimal or negligible to you. By the term risk here in investments we are talking about the variability of the rate of return. It is a possibility of your money increasing or decreasing in value from your expectations. The level of risk you are willing to bear determines your specific risk profile.