July 2022


How to Know if your Kotak Life ULIP Policy is Doing Better by Looking at NAV?

A huge motivation to work hard in life is accumulating wealth to secure your future. When you invest in Kotak e-Invest Plan, you can maximise your wealth and build a substantial asset portfolio. ULIP is a unique financial asset that helps with savings and investments. ULIPs come with an NAV which is crucial for them.

Fundamental Knowledge About ULIP

ULIPs are financial instruments that integrate investments with life insurance. Therefore, protective coverage and wealth maximisation come from a single package. The profits generated from these investment options are known as ULIP fund performance.

They are usually meant for achieving long-term goals. A portion of the funds paid for ULIP premiums is also utilised for life insurance. The remaining portion gets invested in various investment instruments like equity and debt funds. You are allowed to establish your investment mix based on risk tolerance and a prediction of returns.


The Net Asset Value of ULIP reveals the value of the assets in your funds by deducting the liabilities. ULIP NAV is often considered the book value. You will have to understand how unit funds function to grasp the NAV efficiently.

ULIP investments involve pooling assets from multiple investors to create a huge sum of money. The pooled amount gradually gets invested in various market instruments. The entire investment gets split into several tiny units.

The fund manager assigns each unit a specific face value. The face value is assigned for authorisation purposes. It enables the firm to distribute the ULIP fund profits to investors.

How Is NAV Calculated?

The value of every unit undergoes regular evaluation, and the expenses are also minimised. After that, the total units get divided by the amount. The value obtained after this procedure is categorised as the ULIP NAV.

The NAV in ULIP can be attributed to the market value of all units. It helps investors analyse the growth of their funds. When the NAV percentage increase is calculated, investors are able to determine the original increase in their investment value.

NAV is known to offer authentic information about a ULIP fund’s performance. The formula for calculating the NAV of a ULIP is as follows:

{(Market value of fund’s investment + worth of current assets) – (Value of current liabilities)} / Number of existing units on the date of valuation

More About ULIP NAV

A high NAV does not always indicate expensiveness. But a high NAV also does not mean incorrect representation. It implies the fair value of assets after the chosen ULIP liquidates its holdings on a particular day. You should know that the NAV does not influence the mutual fund’s bearing, irrespective of whether it’s high or low.

Key Takeaway

After the necessary deductions, the NAV for each form of application, like maturity claim and surrender, is calculated similarly. ULIP has huge benefits, and NAV enhances its appeal in front of investors. So, before you invest in Kotak e-Invest Plan, make sure you consider all these aspects clearly.

Click here to know more about Kotak Life ULIP Plan:

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How is Home Construction Loan Different from Loan Against Property?

Having your own home is not only a blessing, but it can also protect you from tough times and help you grow. If you are wondering how your home can protect you, then you need to know about loans against property. Yes, banks and financial institutions offer loans against your property for multiple purposes, including business expansion and personal expenses. These loans are completely different from home construction loans. So, let’s try to understand how they are different, and how you can avail the one that you require.

Home Construction Loan

A home construction loan is availed for building your own house or property rather than buying a ready-to-move-in one. This loan is disbursed in stages as the construction of the home progresses. For instance, you will receive a part of the loan amount for building the ground floor, then again the next part of the loan for building the second floor,and so forth.

You need to make a detailed schedule of the construction plan and share it with the lender so that the lender accordingly disburse the amount. The lender will inspect the construction after every stage and accordingly approve the disbursal of the loan amount for the next stage.

Types of Home Construction Loans

Even home construction loan can vary according to the purpose of the loan. Broadly speaking, there are:

  • Self-construction loans: Theseloans for offered to those homeowners who are building their own houses for the first time.
  • Home renovation and extension:Another type of home construction loan is for those who want to renovate or extend their house.

Loan Against Property

Aloan against property (LAP) is a loan that you take against property that is already constructed. It can be a residential property, leased property, or commercial one. Usually, loans against properties are disbursed for financing your business needs such as working capital requirements, expansion of business, and others. LAP is disbursed in one go, unlike a home construction loan which is disbursed in stages.

Eligibility for Home Construction Loans vs. Eligibility for Loans Against Property

You need to be an Indian, residing in the country for availing of either of these two loans. However, your age can be between 28 years to 60 years to apply for a loan against property. Fora home construction loan, the age of the applicant needs to be between 23 years to 60 years.

In the case of a salaried individual, usually there is a minimum income requirement for availing LAP such as Rs. 7000 per month or so, while there is no such minimum salary requirement for availing home construction loans.

For self-employed applicants, the eligibility criteria for both kinds of loans are pretty similar.

Charges for Home Construction Loans vs. Charges for LAP

There are some application charges and loan processing or administrative fees when you apply for a loan against property or home construction loan. Such charges or fees are a little lower for home construction loans than for loan against property.

Loan Amount of Home Construction Loan vs. Loan Against Property

Usually, lenders offer a wide bracket for both types of loans. It is important to know this before you apply for a loan against property or home construction loan. You can expect a home construction loan from Rs. 3 lakhs to Rs. 5 crores, while a loan against property could be between Rs. 5 lakhs to Rs. 10 crores.


Home construction loans differ from loans against property as their core purpose is different. While the former one is sought for building, constructing, renovating or expanding your home, the latter one is taken against the home you have for expansion of your business, child’s education or marriage, or similar purposes.

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Stratton Sclavos: The Experience Seasoned Entrepreneurs Brings to a Company

A picture of an entrepreneur who was successful helping out companies.

Companies are always looking for an edge to push them to the next level of success. Whether bringing on new hires or looking for help or motivation from the outside, many CEOs have turned to entrepreneurs like Stratton Sclavos to get some insight.

What type of help can a successful entrepreneur like Stratton Sclavos bring to a company? Their experience of just starting out to having success, they’ve gone through many ups and downs that most have experienced just yet. Getting that unique insight that can’t be found anywhere else helps tremendously. The qualities listed below that entrepreneurs have also played a role in making a company better.

Critical Thinking

The best entrepreneurs have the experience to be outstanding critical thinkers. That means analyzing what’s going on critically and coming up with solutions that work in a timely manner. There are many roadblocks along the way as an entrepreneur, and only the best can survive those problems by getting through everything as quickly as possible.

Companies face similar issues from time to time. An entrepreneurial mind can take care of a small problem before it becomes something bigger. As time goes on, entrepreneurs become aware of any bias they show and improve each time they have to make a decision. It’s a helpful process that serves many purposes in numerous situations.


Entrepreneurs thrive thanks in large part to setting and reaching goals. In a situation where an entrepreneur is their own boss, having goals is one of the best ways to motivate. These goals can then be translated to the office or other companies and work in the same way.

Bringing in an entrepreneur with experience setting goals can get a company on track. Setting attainable goals matters because failing repeatedly does more harm than good. Those who don’t have experience can set goals that lack a specific reason or purpose, which doesn’t inspire employees or anyone else involved with the company.

Variety of Skills

The average entrepreneur is someone who has many different skills that they’ve developed over the years. It’s one thing to be innovative and understand one aspect of running a company, but entrepreneurs are usually much more well-rounded because of everything they’ve had to tackle on their own.

Early days as an entrepreneur are not exactly glamorous. It takes proper skill development every step of the way. Having skills for people to add to the team as a company always comes in handy. Someone has to take control and get certain jobs done; an entrepreneur usually knows the best way to approach things.

Creating Connections

No company will find a way to thrive unless they have proper connections within its industry. Connections come in handy every step of the way, ranging from developing partnerships to getting general advice from those like Stratton Sclavos. Entrepreneurs know how to create connections in numerous ways since they’ve been through it on their own.

It’s one thing to create that initial connection, but maintaining connections is also a skill that is necessary for most involved in the business world. An entrepreneur knows how to stay connected so that when they’re needed, the relationship is still there.

Handling Adversity

A picture of an entrepreneur going through some adversity.

An entrepreneur might talk confidently, but everyone has been through adversity at some time. If the entrepreneur is successful, chances are they’ve been through and handled adversity in a great way. That type of thought process can be very beneficial for a company.

Adversity tests people in ways they never thought possible. A great entrepreneur can have patience, deal with stress, and learn from challenges and mistakes. Failure never has to be permanent.


Companies collectively work as a team, but employees need some level of independence to get certain projects done. Entrepreneurs are in charge of all the decisions early on, so getting in that mindset pays huge dividends. Working with an entrepreneur can assure anyone that they know how to be independent.

Once a person has experience working independently, they will start to gain confidence. The less employers are dependent on others at work, the more productive they can be with specific projects. An employee constantly asking for help from others is only causing distractions for others.

How Stratton Sclavos and Others Help Companies

Silicon valley-based entrepreneur Stratton Sclavos is one of many out there who have helped out companies with his knowledge and experience. Stratton Sclavos has worked with numerous companies in his career, bringing a unique perspective to many different industries. His adaptability continues to be a huge calling card for him.

Companies and fellow entrepreneurs rely on Stratton Sclavos to provide tailored assistance every time. He’s one of the few out there willing to do extensive research on every company and every entrepreneur before working with them. He knows exactly what they are trying to do and helps craft a way to get to the finish line.

A huge part of successfully running a company comes down to being in the right mindset. There might not be a better way out there than getting help from those who have done it in the past. They can help a person think the right way and not miss out while in the moment.

Why Entrepreneurial Skills Matter

As generic as some entrepreneurial skills might be, they are important for a reason. Very few have found success ignoring some of the basic building blocks of running a company. While nothing guarantees success, having quality entrepreneurial skills gives a business idea the best chance possible to succeed.

That’s why opportunities such as working with Stratton Sclavos exist. Anyone looking for success can always learn from those who have done it in the past. Whether looking back at his time as a stakeholder in Shark Sports and Entertainment, or his current role as a member of the Board of Directors for Terran Orbital, Stratton Sclavos always found ways to put his entrepreneurial skills to work.

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Why is mobile banking so popular?

Mobile banking apps have fundamentally changed the way people bank. They are equipped with incredible features that provide greater security and increase the speed of transactions. IDFC FIRST Bank’s mobilebankingapp and similar applications offer a seamless, user-friendly interface that caters to your banking needs.

How is internet banking different from mobile banking?

Mobile banking is a form of online banking characterised by a bank or a financial institution rendering its services to its customers via a mobile banking app. IDFC FIRST Bank’s mobilebanking app, for example, offers consumer banking and online banking services. You can register for mobile banking with IDFC FIRST Bank by downloading the app on your phone.

Why is mobile banking so popular?

There are several reasons why mobile banking is popular. We have listed some of these reasons below:

  • It is accessible: Banks have developed apps to help their customers access mobile banking. IDFC FIRST Bank’s mobilebanking application is one such app that allows you to access your banking services using just one app.
  • It is secure: Mobile banking is a safe way to make transactions and access banking services. Some mobile banking apps, like the IDFC FIRST Bank mobile banking app, also have a fingerprint lock that adds an extra layer of security to your transactions.
  • It is fast: Internet banking was a step up from physically visiting a bank, but it was slow. With mobile banking, customers can instantly open FDs (Fixed Deposits), apply for a personal loan, and deposit money into their account in seconds. Mobile banking, hence, has the edge.
  • No closing hours: A mobile banking app allows you to bank 24*7. It is a considerable advantage, which was also available via internet banking. However, combined with mobile banking’s feature of increased accessibility, this feature is why people opted for mobile banking.

How secure is online banking through the Mobile Banking App?

IDFC FIRST Bank assures the utmost security to its customers who opt for consumer banking services through the Banking app. In addition to the security guaranteed by the bank and the second layer of protection provided by the MPIN, you can also opt for an additional layer of security by setting up the ‘fingerprint unlock’ feature. This feature helps you log in to the app through your fingerprint. Here is how you can set it up:

  • Click on the ‘More’ section in the net banking app.
  • Click on ‘Settings’.
  • Under ‘Security’, locate the ‘Fingerprint’ option.
  • Toggle the switch next to ‘Fingerprint’ to enable or disable it.
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5 Tips To Save Money While Making Your Electricity Bill Payment!

Who doesn’t like saving money, right? Especially us Indians, we literally jump at the idea of saving some money. So, it doesn’t come as a surprise that we would want to do some savings while making our electricity bill payment as well. But how do you do that? Don’t worry, we’ve got you covered.

Enlisted below are 5 tips for you to save money while doing your electricity bill payment online:

  • Examine Billing History And Identify The Problem

The easiest way to save money on electricity bills is by seeing if you can continue to survive despite consuming a little less power. So, if you think your bills are getting higher lately and want to cut down on the usage, check your recent bills and analyse your recent lifestyle changes to see if there’s anything that is suddenly increasing your bill, or if there’s anything you can stop using to reduce your bill.

  • Find Solutions Or Alternatives

Now that you’ve identified the problem, try to find alternatives or some kinda solution for it. You could switch up the lights in your house to LED lights as they consume 75% less energy than your regular tube lights. Make it a habit to turn off and unplug devices when not in use(this applies to AC as well).

Use motion detector lights that only turn on when you’re nearby. Use cold water to wash your clothes and air dry them. Do not leave the geyser on for long. You could use all of these tips and more to reduce your electricity consumption.

  • Pay Electricity Bill Online

Once that is sorted, let’s move on to the next aspect, which is how you pay your bills. If you still pay electricity bills offline, you’re obviously spending more money by travelling to the centre or bank to pay your bills and back home. All of this can be avoided if you pay your electricity bill online.

Now, if you’re wondering how to pay electricity bill online, it’s extremely easy. All you need is an electronic device such as a mobile phone, tablet, laptop, etc and a stable internet connection. Then using a payment portal such as the Airtel Payments Bank, you can easily pay your electricity bills while saving your travelling money.

  • Settle Your Dues On/Before Time

Never, ever, delay your electricity bill payment! If your payment is delayed, you might incur a fine. So, to avoid that, settle your dues on or before time. And with online payment apps such as Airtel Payments Bank, you would also get regular reminders so that you don’t miss out on your due date for any reason.

  • Get Discounts And Cashback Offers

These days almost every other payment app or website offers lucrative discounts and cashback offers to consumers for simply using their app. One such payment portal is Airtel Payments Bank. Not only does it provide exciting offers but it also charges you the exact billing amount. Unlike some other portals, there are no hidden charges at all, making it an ideal choice for electricity bill payment.

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How to make the most of highest-paying refer & earn program apps

There are several ways to earn a side income, but most require consistent effort. If you are a working individual, you may find it hard to begin a side gig to meet your financial goals. However, affiliate and referral programs are easy to start and do not require much time and effort to make a decent income. You can enrol into a refer-and-earn program based on your interest and knowledge of a niche.

However, before beginning affiliate marketing, you must research and understand how to maximise your benefits. Among various options, financial affiliate programs are the highest-paying affiliate referral schemes, and you can consider them if you are aware of multiple financial products.

How can you maximise your earnings through the highest-paying referral apps?

The first step to beginning your affiliate marketing venture is to do a thorough research on your chosen niche and the amount you are likely to receive through referrals. A high-paying refer-and-earn app can help you with a decent income, but there are a few things mentioned below that you need to keep in mind to maximise your earnings.

  • Choose a genuine refer and earn program: A genuine refer and earn app or program ensures that you receive timely income. Online research and review can provide you with a clear picture of the genuineness of a referral and affiliate product.
  • Search for the highest-paying referral program: When starting a referral program, you should look for options that compensate you decently. It justifies your efforts and helps you earn money. You can search for the highest paying referral apps and affiliate programs online or through peer consultations.

IDFC FIRST Bank’s MyFIRST Partner App is among the most preferred and highest-paying financial referral programs. On enrolling, you become a loan partner with IDFC FIRST Bank, and you must promote personal loans among your network who need funds. You earn up to 1.5% of the principal loan amount on successful loan disbursal. Over two lakh individuals have already registered for the program. With this referral program, you can earn over ₹50,000 a month and some additional bonuses periodically.

  • Go through the commission format: Before commencing your referral marketing venture, you must understand a program’s payment and compensation format for your affiliates. You may receive cash benefits per lead on your referrals, gift vouchers, or both. In addition, you must also verify the amount you receive for each referral you make.
  • Understand the product: You need to have a good knowledge and understanding of the product. It gives your peers and network a better insight and description of the product and resolves their queries effectively, eventually increasing your chances of getting the lead.
  • Stay consistent: Consistency is the key to success. You need to promote the product to build a significant network constantly. The greater the network, the better earnings you receive.

With above, you can ensure your high earnings through financial refer and earn program apps.

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How Cash Advances Operate With Slick Cash Loan

Whether you are self-employed or work, there is always a chance that you might end up in a financial emergency. There are numerous situations where liquid cash is not accessible, whether you need to pay your bills or cover unexpected medical costs. As a result, the cash advance is a fantastic substitute to assist you in covering such expenses.

Online Fast Cash Advance Loans

Do you require an immediate cash advance? We know that life may be stressful and unforeseen problems might arise. Your financial flow may occasionally fall short of your urgent requirements.

Advantages Of Cash Advance Loans

After all, why would you pick to receive a cash advance online instead of visiting a nearby payday loan provider? Your decision is always yours, but many clients receive several advantages that traditional brick-and-mortar cash advance businesses do not.

Is your salary not there in the bank account yet? Are you scared of the rent date? Why not take a quick cash advance – apply online in minutes – slick cash loan. You can relax your financial issues. Receive a final notice by mail following business hours? Many Lenders eliminate the need to visit a physical loan provider the following day and wait until then. Your online cash advance application may be started instantly from any location.

Terms And Costs Of Cash Advances

Cash advances are a simple method to borrow money quickly, but they sometimes have high costs that overshadow any advantages. Review the conditions before obtaining a cash advance to inform you of the possible high fees you will pay.

Alternate Options For Getting The Cash Advance Loans

While getting a cash advance can seem like a smart move at the time, it can soon put you in debt. We advise choosing better-term alternatives instead of cash advances to prevent them altogether.

  • Ask family and friends for a loan: You can ask family and friends for a loan. Asking might be awkward, yet it could be the most efficient method to receive the money you require. To maintain your connection, be sure to devise a payback strategy.
  • Take out a personal loan: It is always a good idea to go for a personal loan that takes a cash advance. The rate of interest is considered to be low and also helps in easier EMI.


Your time, money, and problems due to lost work, service interruptions, and unpredictable transportation can all be avoided with a cash advance loan. The most straightforward approach to get the money you require is to use the direct lender network’s online application for a cash advance loan.

Time is of importance if you want money immediately. Avoid applying for a bank loan or building up credit card debt when you need a short-term loan. Pick the exemplary service to receive immediate approval for a hassle-free cash advance that is transferred immediately into your bank account and made accessible to you within 24 hours.

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