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Finance

What Are Key Parameters For Mutual Fund Analysis?

One of the reasons why people consider keeping aside a portion of their income for the purpose of investment is that it helps in acquiring long-term wealth. The long-term wealth is generally used for everyday expenditures after retirement. One of the investment schemes that you can consider signing up for to generate long-term wealth is a mutual fund scheme. Introduced in India in the early-1960s, mutual fund schemes have gone on to become one of the prominent investment schemes in India.

Despite their popularity, people still have a lot of misconceptions about mutual funds investment. Despite gaining popularity in recent times, investors are still unaware of how to analyse mutual fund schemes. Whether you are investing for the purpose of capital preservation or wealth creation, opting for the right type of mutual fund scheme is absolutely crucial for achieving your investment objective.

 So, another question after “what are mutual funds?” is “how to sign-up for a mutual fund scheme?” The answer to said question is to check certain parameters. Listed below are some of those parameters:

  • Check whether it is a regular plan or a direct plan:

Before you start analysing a mutual fund scheme, it is important to check whether the mutual fund offered can be purchased through a regular plan or a direct plan. A regular plan means that you are required to pay commissions to brokers or distributors. If you signed for your mutual fund scheme through a regular plan it is important to remember that you will be enjoying lower returns against your investments because you are required to pay commissions for your financial planning. Over time, as your investment cost increases, the return on the investment decreases. Direct plans are the opposite of regular plans. A mutual fund scheme that’s directly purchased from an asset management company (AMC) is referred to as a direct plan. Unlike regular plans, professionals like brokers, agents, or other intermediaries play no role in direct plans.

  • Look up the assets under management (AUM):

AUM serves as an indication of the market value of all the investments that a mutual fund holds on its clients’ behalf. While analysing a debt fund, a high AUM is usually considered a good sign. A high AUM indicates that the fund comes with a better investment inflow. Also, if there ever comes a time when you are thinking of withdrawing your money, a high AUM doesn’t put redemption pressure on the fund thanks to its larger size. Conversely, when it comes to an equity mutual fund, especially in the cases of a mid-cap or small-cap mutual fund, a smaller AUM is preferred. At the same time, it is also important to remember that you shouldn’t continuously target equity mutual funds with the lowest AUMs because they might come with higher operational costs per unit. An ideal strategy is to sign up for funds that have an average AUM. Such funds can come with economies of scale, that too without losing out on investment opportunities.

  • Look up the fund manager’s records:

Another important parameter to check before signing up for a mutual fund investment or scheme is the record of the fund manager. Make sure that the fund manager has adequate experience and a good track record. It is better to select a fund manager who has years of experience in the field. Also, please check the performance of the funds they have managed or even co-managed. It is necessary that you should entrust your mutual fund scheme to someone who both understands how the market works and can also help you to earn a higher return on your investment.

Apart from the three above, there are several other parameters of mutual funds that you should check. In case you are having doubts, please get in touch with an investment advisor who is registered with SEBI.

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Finance

Top reasons why estate planning is crucial

When you dedicate so much of your time and energy to working hard and building wealth, it’s essential that you take some time to undertake estate planning as well. While the thought of it may make you think that it is tricky, it’s important to consider legacy planning because you want to make sure everything you’ve worked so hard for goes to those you care about or is utilised in a way that you would like. Still not convinced? Well, let’s look at some of the most important reasons why estate planning is needed:

  1. Protects your beneficiaries

It’s not uncommon to have family disputes after one passes away over the assets such as property that are left behind. As tragic as it sounds, things like these can get ugly and instead of getting the space to grieve properly, family members are left to struggle with lawsuits that drag on for years and cost a lot. Instead, if you undertake estate planning, you get to decide who gets what – whether that is a house, valuable art, stocks, your business, retirement accounts, life insurance money, etc. The main essence of estate planning or legacy planning is to decide who inherits what after you are no longer around. And hence, this is an integral part of investment management as well.

  1. Safeguards your children

Estate planning isn’t only about financial logistics. If you are a young parent with children who still have years before they reach 18, then you also need to decide who will take care of them in case the worst happens to you and your partner. A part of estate planning also involves naming your children’s guardians and making sure they are well taken care of. In case you fail to do this, the court will make this decision and your children may not necessarily end up in the best care.

  1. Looks after your needs

Estate planning looks after you as well and can come in use even when you are alive. For instance, it includes important things such as a healthcare proxy and a power of attorney. So, in case you are incapacitated and cannot communicate the kind of medical treatment or decisions you’d like to be made for you, your healthcare proxy, a person you trust and have chosen, will do that on your behalf.

  1. Fulfils your philanthropic goals

For you, leaving behind your legacy may not just mean making sure your family is looked after. If you have philanthropic goals and support charities for various things such as education for children at risk, hunger and poverty, LGBTQ+ rights, women impacted by domestic abuse, etc., and want to leave behind a chunk of your money to continue supporting these, then estate planning is crucial.

All these reasons and more are why you should look into hiring an estate planning attorney or seek estate planning services. In the absence of estate planning, you leave all crucial decisions up to the court of law, whether that is who gets the wealth you’ve worked so hard to build or who gets to take care of your children.

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Finance

How to Use the SBI Price Prediction Technique

The SBI Price Prediction Technique can be used to predict the future prices of stocks. To use this technique, you first need to identify the target stock and then determine the current market value. Next, you need to find a date that corresponds to the target stock’s current market value. Finally, you will need to make a prediction for the future stock price using your knowledge of the market and your target stock’s current market value.

To use the SBI share price Prediction Technique, you will first need to identify the target stock and then determine its current market value. To do this, you will first need to identify an accurate price point for the stock at which it is worth its current market value. Once you have determined this price point, you can then use a tool like Google Finance or Yahoo Finance to determine how much of a change in that price point would represent an increase or decrease in the expected future price of the stock. You can also use this information to determine whether or not it would be possible for the stock to reach its predicted future values before they expire.

The SBI Price Prediction Technique can be used in two ways:

1) To predict how likely it is that a given company will achieve a specific goal within a set time frame;

2) To predict how much money someone may save by investing in a particular type of investment at a specific time.

How to Interpret the SBI Price Prediction.

The SBI Price Prediction is a tool that has been used by various financial institutions over the years in order to provide guidance to their clients. The purpose of this guide is to help you understand how to use the SBI Price Prediction and what factors you should consider when making your decision.

The first step in using the SBI Price Prediction is to identify the product or service that you are interested in. Once you know the product or service, you need to determine its price range. Next, you need to identify the expected future trends of this product or service. Finally, you need to identify how likely it is that this product or service will reach your target price range and achieve your expected results. In order to make proper predictions, these factors must be considered carefully in an Trading Account.

What are the Possible Resultant Actions?

Conclusion

The SBI Price Prediction Technique can help you make accurate predictions for the stock market. By using this method, you can get a better understanding of the market and make sound investment decisions. Tips for success include doing your homework, using an accurate price prediction technique, and interpreting the results correctly.

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Finance

Bad Credit Loans From Slick Cash Loan

Are you not getting a personal loan from the bank for your bad credit? Well, the situation can be relatable. It feels like you are stuck in a traumatic situation.

Here comes the Slick cash loan to help you in emergencies.

Slickcashloan offers loans for bad credit without much paperwork. Let’s learn more about bad credit loans from slick cash loans.

What Are Bad Credit Loans?

Generally, people with bad credit are granted loans by the Slick cash loan. Per the FICO credit score, if you have 559 or below, it’s considered a bad credit score. Bad credit ratings develop due to failure to make payments on time, maximizing credit card limits, and many more.

People with bad credit scores get restricted with quick money, or the financial platform charges a high-interest rate. Slick cash loan guarantees to provide loans to the people who need money urgently with an easy and quick process.

Personal Loans For Bad Credit

The loan process is straightforward, unlike other finance companies. In a slick cash loan, the approval process is fast. And, most importantly, without much paperwork.

 People can apply for a personal loan of $5000; within 24 hrs, money is in your account. There are various loan options in the slick cash loan for your needs. They have partnered with trusted money lenders across the USA to offer the best deal for their borrowers.

Indeed, it is the most secure financial company where your data is protected.

Fill Out The Online Application Form

The first step is to fill out the online application form. Here it’s necessary to provide all the details information about yourself. It is an online process; you don’t have to visit the office or wait in a long line like a traditional bank loan.

Review Your Details

Slick cash loan will review your application to check your eligibility for the loan. Slickcashloan offers loans for bad credit without any document verification.

Slick Cash Has Simple Eligibility Criteria:

  • The client should be a US citizen
  • The client must be above 18 years to apply for the loan.
  • A bank account of the applicant to credit the amount.
  • Genuine phone number of the borrower
  • Employment status to decide your loan amount. You need to provide a current bank statement to determine your financial status.

Fast Approval Process

After checking all details you provide, they will connect you with the best-matched lenders. You will receive a loan approval confirmation email with the details of the disbursement date and terms of payment.

You don’t have to wait weeks to approve your application; within 24 hours, money will get credited to your account.

Slick Cash Loan – Your Ultimate Friend In Your Emergency

Slick cash will support you at any lousy phase of your life. Whether you need to pay the hospital bills, pay off debts, etc. Moreover, it is a trusted financial company with a secure and fast payout.

It offers various repay options for the borrowers and maintains a record of the payments. The process is straightforward, user-friendly, and transparent.

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Finance

How to evaluate the Business Viability of your idea in 2022?

Every successful business idea starts small. Unless and until you are already an owner of a successful business and this is just another one of your business ideas that you think will be a hit, you will have to have a lot of savings and the trust of the investors with you. If you are wondering how to evaluate the business viability of your idea, then you have come to the right place. Read on to find out more about it.

Starting your own business takes a lot of time and effort. One must undergo extended periods of self-reflection just to find a realistic as well as a viable business idea.

Better yet, once the good idea has been found, how can you ensure that it will eventually blossom into a popular and successful venture? The early planning stages before finalizing the business idea and plans are essential. Do not, we repeat, don’t skimp on brainstorming. Make sure you put your ideas to the tests we are about to mention.

Who’s your target audience?

Getting the idea of your target audience should be the first and foremost step that will help you shape your business. Once you get a gist of who your target audience will be, it will become a lot easier for your product team to build the product depending on as many ideas as they have.

It gives your idea a human element that will only ensure your product is designed better. Some of the characteristics that you should include in the personas are behavior patterns, customer demographics, goals, and motivations. You will have to be as detailed as you possibly can because these personas will work as a representation of your future customers who will be using your products.

Understand the needs of your target audience

Once you identify a core set of customers you’d like to sell/market your product to, your next step must be understanding your customers’ needs. You can either call it customer needs or pain points. The underlying principle will remain the same. Your products/business/services’ success in the market will completely rely on its ability to effectively address all the underserved needs of your customers/target audience.

Check your competitors

If your business idea is unique and something people haven’t ever seen before, then there’s a chance that you won’t experience any competition. But if your business idea is something that already exists and you have a new way of making it work, then you will face competition.

Your competitors will keep their eyes on you. When you think of something new for your business and they are able to find out about it before your launch, it is possible that they steal the idea and launch it first. Analysing your competition is essential because it will help you define your business and make your business proposal stand out in front of your investors. Your business will stand out in front of your target audience if they know why and how your business will help them. It will help you make a solid customer base for your business.

These are a few ways you can evaluate your business idea’s viability this year.

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Finance

Goods & Services Tax: What Lies Ahead for India’s Ambitious Indirect Tax Reform?

Goods and services tax, which we all know as GST, has been an essential part of every individual’s life for more than 5 years now. The Government of India implemented the goods and services tax in the nation in the year 2017. If you are wondering what lies ahead for India’s indirect tax reform, then make sure you read the whole article.

The Goods and Services Tax, one of the biggest tax reforms India has ever had, successfully completed its five-year journey this year on June 30th. This nationwide tax regime, which includes 17 local levies such as service tax excise duty, VAT, and other 13 cesses, was rolled out on 1st July 2017.

The four-rate structure

Currently, in India, a four-rate GST structure is levied that imposes a comparatively low rate of tax, i.e., 5 percent implemented on essential items as well as the top rate of 28 percent implemented on cars. All the other slabs of the tax are 12% to 18%.

The total GST revenue collection in 2022 (June) was 56% YoY (year-on-year) to over Rupees 1.44 lakh crore. GST collections gross in June 2022 is the second-highest, the first being the April 2022 collection of Rupees 1.68 lakh crore.

Fiscal federalism

GST also represents some unprecedented exercises in fiscal federalism because the Centre and states work together in GST Council so that they can thrash out modalities for an absolute smooth functioning of this relatively new tax regime. Thus far, the Council has come together 47 times, and this council has taken measures that have led to a GST collection of Rupees 1 lakh crore per month.

GST Council

Over the last few years, the Government of India has been proactively issuing clarifications and circulars to clear all doubts regarding taxations under the GST regime so that they can ensure ease of doing business. Recently, the GST Council has made a decision to ease compliance for all small taxpayers.

Small taxpayers are those who supply using the e-commerce platform. These suppliers, who tend to make only intra-state supplies, do not seek GST registration in case their annual turnover is, in case of goods, less than Rs 40 lakhs, and in case of supplies, Rs 20 lakhs.

Use of technology

GST network provides all sorts of technical support to the indirect tax regime to help the tax officers in administration. They have been using AI (artificial intelligence) and machine learning to help them dish out upgraded and newer data and plug revenue leakages.

But some tax experts seek a comparatively more straightforward structure for the GST. They are looking for a structure that can ensure a seamless flow of all input tax credits throughout the supply chain without facing any losses.

These are some things that lie ahead for our country’s ambitious indirect tax reform that we call GST.

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Finance

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.

What Is ULIP NAV?

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: https://www.kotaklife.com/online-plans/ulip-plan

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Finance

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.

Conclusion

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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Finance

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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Finance

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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