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There are varied opinions on the right age to purchase Term Insurance, but there is a unanimous verdict on its necessity amongst today’s youth. Term insurance may be a pure life insurance product, giving benefits only upon the death of the policyholder, however, that has not deterred more people from seeking it out.

A Balanced Fund is a mutual fund that includes a stock component, a bond component, and sometimes a single portfolio component of the money market. Such funds typically stick to a relatively fixed mix of stocks and bonds. Their investments are aligned with a target of growth and income between equity and debt.

The RBI recently cracked the whip on banks and NBFCs for allowing third party fintech companies access to the credit information of their customers. It shot out a letter, dated 16 September 2019, to banks and NBFCs, bringing them to notice of what appears to have been a prevalent practice of sharing consumer credit information from Credit Information Companies (CICs) directly to fintech firms.

One avails loans to meet various needs in life, like home loans, vehicle loans, personal loans, education loans, business loans and so on. A major responsibility is then to repay these loans. One can go for the more common ‘repayment throughout the entire loan term’ or a few opt for ‘Prepayment or Foreclosure of their loans’.

One can be faced with the need for emergency funds at any time. That is what asset management is for. Your assets are your fallback plan in case of emergency. In India house property is an important part of asset management. It is for such emergencies that elders always insist on acquiring a housing property.

Debt management is a serious task. With so many loan products in the market, it is very easy to fall into the debt trap, but true brilliance is in staying afloat. Defaulting on your loans is not a pleasant experience.

Obtaining the necessary credit at the appropriate time is crucial for any business endeavour. Initial capital and working capital are required to run any industry smoothly. Large scale industries have never had any difficulty in securing credit for their enterprises, because of the perception that they offer the highest employment opportunities to the general population.

Large scale industries have never had any difficulty in securing credit for their enterprises, because of the perception that they offer the highest employment opportunities to the general population. It is shocking to find out that, large industries employ only 1.25 crore people countrywide. It is the small scale industries which falls under the unorganized sector that employs around 12 crore people in the country.

The best mutual fund may not always be the one giving the highest returns. It should be the one that satisfies your risk appetite while giving you stable returns to achieve your goals. Many people just go in for the returns of the fund, that too most recent returns, which can be a grave mistake.

Credit scores have gained a lot of popularity off late. These scores are assigned to individuals and it demonstrate their creditworthiness. A credit score shows the future lender the degree of risk that a lender has to take in lending to that particular individual. 

The home is where the heart is! This statement holds true and that is why everyone likes to own a beautiful home, with the best fittings and interiors, etc. Many a time it so happens that while going in for home individuals like to be on the conservative end due to the exorbitant cost of owning a home that they do not factor in the cost for the home beautification.  The need for beautification or improving a home may also come up a few years down the line, after the purchase of the house.

Energy efficiency and consumption of renewable energy resources have been encouraged throughout the MSME industry. The Government of India, with the objective of incentivizing such MSMEs that promote sustainable energy development, has introduced the Sustainable Finance Scheme (SFS). This scheme is aimed at providing financial aid to such MSMEs that support Environment and Climate Friendly energy consumption and production processes. 

The SMILE initiative from SIDBI was introduced to give a boost to the ‘Make in India’ campaign. This scheme provides soft term loans to MSME enterprises to meet the debt-equity ratio for their establishment.

The National Minorities Development & Finance Corporation (NMDFC) has numerous financial funding schemes in place to encourage entrepreneurs from the Minority population in setting up their business units. One such scheme is the Term Loan Scheme – Credit Line 2 under the Self Employment Lending Scheme.

There is a popular saying which goes " The only things certain in life are taxes and death" which is quite true. Mishaps or accidents can happen at any time. Moreover, increased stress levels or lifestyle diseases have rendered life more and more uncertain. Even though it is true that one should have positive thoughts always, it doesn't hurt to be prepared for the worst.

Investment in real estate provides a sense of security to many. Moreover, land is limited in supply so there is always a demand for it. But it is quite an illiquid investment which you cannot get money out of your investment in a real estate property as and when you want.

Credit cards have somewhat become a necessary accessory to our finances. The convenience offered by credit cards is endearing. They offer a sense of financial security along with a feeling of luxury.

Home loan is undeniably a long-term financial commitment that requires careful consideration before taking one. A lot of factors come into play towards the repayment of a home loan.There are plenty of home loan options, catering to the type of customers.

This flagship programme from the Department of Scientific & Industrial Research under the aegis of Ministry of Science & Technology was instituted with the goal to support individual innovators who will be able to achieve an inclusive growth agenda.

Indian Renewable Energy Department Agency Ltd. (IREDA) has initiated a refinance initiative with support from the National Clean Energy Fund (NCEF). This scheme aims at providing low cost refinancing to scheduled commercial banks and financial institutions who are in the business of financing existing biomass power & small hydro power projects.

Insurance is only for earning people - This is a common misconception amongst the general public, who feel insurance is just a replacement for the lost income. This has developed into a lack of interest in insuring female lives who are non-earning members of a family. This mindset is fast changing though.