A mutual fund is simply a financial intermediary that allows a group of investors to pool their money together with a predetermined investment objective. The mutual fund will have a fund manager who is responsible for investing the pooled money into specific securities (usually stocks or bonds). Mutual funds are one of the best investments ever created because they are very cost efficient and very easy to invest in (you don’t have to figure out which stocks or bonds to buy).
If you’ve Zeroed in your dream home, making that dream into a reality needs the important vitamin ‘M’ – Money. Not everyone has the financial muscle to be able to put up the entire funding, so a home loan is a necessity to bridge that gap, between what you have and how much the house costs. We help understand the types of loans you get based on a home.
Loan Against Securities
There are various ways to fulfill the monetary requirements of each and every individual as per their credit worthiness and paying capacity. One step in this direction is the introduction of Loan against Securities, popularly referred to as LAS. LAS helps you to get loan against the securities that you have, for the time being, merely pledged without selling them off in haste. An overdraft facility is advanced to you by bank or financial institution when you pledge your securities. The value of the overdraft limit that is advanced to you is determined on the basis of the securities that are pledged by you.
Loan Against Property
Even if you are a meticulous saver, there may be times when your finances are strained and you need a little help to tide you over. Though borrowing from family or friends is a preferred option for many, if the amount you need is large, it may not be a good idea to stress their finances as well. A better option would be to leverage an asset you own-your house.
Term Life Insurance is an insurance plan that covers only risk, without other features like savings etc built in. Term Life Insurance is a straight forward insurance option that is suitable if you are looking to insure your life at minimum cost of premiums then Term Life Insurance is the cheapest and simplest option.
Life throws challenges at us all the time. One way to ensure that you always come out on top is to opt for health insurance. The premiums are a small price to pay to ensure not only peace of mind but also financial support for a wide range of illnesses.
A motor insurance policy is a mandatory policy issued by an insurance company as part of prevention of public liability to protect the general public from any accident that might take place on the road. The law mandates that every owner of a motor vehicle must have one motor insurance policy.
Every parent wants that their children to live in harmony and peace throughout their lives. Unfortunately, one of the most important aspect that most of the Indian families lack is that of a proper will that ensures that of a proper distribution of wealth amongst the heirs.