Best Investment Plans for 2021 in India
Now let us come to the topic of choosing the best investment plans for 2021 in India.
Yesterday I was reading a popular book “The Paradox of Choice,” where the author and psychologist Dr. Barry Schwartz broadly describes two kinds of people: maximizers and satisficers.
Maximizer is someone who spends lot of time in evaluating options before they make the BEST DECISION. Usually such people in financial world are called as FINANCIAL ANALYST OR RESEARCHER. But I usually call them the NUMEROLOGISTS.
Satisficers on the other hand, tend to settle for the first thing that meets their requirements: like investing in Index Funds with the simplistic approach and stick to it.
Motor Insurance in India to 2021: Market Size, Growth and Forecast Analytics
The publisher's "Motor Insurance in India to 2021: Market Size, Growth and Forecast Analytics" contains detailed historic and forecast data covering Motor Insurance in India. This databook provides values for key performance indicators such as premiums (gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% of GWP) and insurance penetration (ratio of direct premiums to GDP)), expenses (incurred loss and loss ratio (%)) and segmented by product type (motor hull & motor third party liability).
The research handbook provides the up-to-date market data for period 2012-2016 and illustrative forecast to 2021. Values in the handbook are depicted in USD ($) and local currency by country and number of active policies are represented in millions.
5 financial planning tips that makes achieving your financial goals easy
Introduction:
Mr. Kumar, aged 47, a marketing professional, is an ambitious investor. He wanted to save funds for the rainy day and lead a comfortable living. He had read and seen people invest in stocks, mutual funds, and many other investment vehicles.
Most of them made big money, though an even larger number had eroded their capital too. While he knew that investments would help in making returns, what he also wanted to know was the nuances of investing in them and how he could earn and invest smarter.
How to plan your investment portfolio?
There are no shortcuts to success, and for your investment to earn cents and make sense, some of the guidelines that can be followed. Read ahead.
1. Link investment to financial goals for optimal returns
- Identify your financial goals: Based on the individual, financial goals have to be tailor made. Financial goals give you direction and helps transform financial desires to reality. Financial goals need to be specific, measurable and achievable.
- Classify these financial goals based in timelines: Set a time frame against each of the financial goal. Financial goals can be broadly classified into the three:
- * Immediate or short term goals : Achievable in under 12 months
* Medium term goals : Achievable in 1yr to 5 years
* Long term goals: Takes more than 5years to accomplish.
- Earmark the corpus each financial goal would require: Quantify each financial goal, based on the time frame. For instance- if you are investing on a car or your child’s’ education, earmark the corpus that you are likely to expend.
11 Best Bank For Home Loan In India 2021
#1. Interest Rate
Interest rate is the most important factor for a home loan. Even a slight difference of 0.5% in the interest rate can make a huge difference.
#2. Processing Fees
Check with your bank if they charge a fixed amount or a percentage of the loan value as processing fees.
This fee is just for processing your application and does not guarantee loan approval or disbursal.
#3. Legal Fees
Some banks charge legal fee to verify the property documents.
#4. Pre-closure Charges
Some banks put a clause that you cannot pre-close your loan or that you have to pay an additional amount to pre-close the loan.
#5. Loan-To-Value (LTV) Ratio
This indicates the proportion of the property value which the bank is ready to finance. Your bank may finance anywhere between 75%-90% of the property value.
#6. Part-Payment Rules
Many banks/HFCs put rigid rules for part payment and also put a clause limiting the amount or the percentage of the loan that can be prepaid.
#7. Insurance Cover
You can also buy an insurance cover for your home loan. Note, it’s optional, not mandatory to buy insurance. Be careful if bank insist you on buying insurance.
6 Different Types Of Debit Cards In India (2021)
If you are reading this blog, that means you own a debit card or are going to have one soon. So, for those who have it or are going to have it, the different types of debit cards that exist remain the same. Here in this article, we have listed out all the 6 different types of different debit cards in India.
The invention of Debit cards in 1966 changed the manner of payment to a greater extent. Commonly known as a payment or ATM card, debit cards are the most reliable, secured, and essential part of our daily lives. A debit card gives us the facility to pay our bills online, for withdrawing cash immediately and function as cash or personal checks.
We can access debit cards at the merchant’s place or ATMs to deduct some amount from our savings or current account. It changed the method of making payments or undertaking transactions. You don’t require to have foreign currency while traveling to other countries. Your debit card gives you the comfort to make purchases and withdraw cash in the foreign currency. But the deducted amount from your account will be in rupees. A debit card also works as an alternative to cheques and cash. People believe debit cards to be better than credit cards as it helps them to avoid overspending.
Online Cash Loan upto RACs.50,000/-
- On the spot loans up to Rs.50,000 - No meeting required - No collaterals required - No need to fill forms - Instant approval of loan
Pension Plans 2018: Bajaj Allianz Retire Rich
- Entry Age: 30 - 73 years - Policy Term: 7 - 30 years - Annual Premium Amount: Rs.15000/- minimum - Sum Assured: Rs.2,04,841/-
Yatra SBI Credit Card
- Vouchers worth Rs.8,250 from Yatra as welcome gift. Use card within 30 days of availing it to get Rs.100 worth cashback. - Avail 6x Reward Points on money spent using the card on Yatra, grocery stores and departmental stores. - Points can be redeemed for Yatra vouchers. - Avail discount voucher of Rs.500 on every Rs.30,000 spent on bookings made on Yatra.
IndianOil Citi Platinum Card
Now save more on fuel at IOC outlets. 4 Turbo Points on Rs.150 spent on fuel at authorized IndianOil outlets (1 Turbo Point = Re 1 Free Fuel) Complete waiver of 1% fuel surcharge at authorized IndianOil outlets. 2 Turbo Points on Rs.150 at grocery stores and supermarkets. Zero Annual Fee on spend of Rs.30000 or more in a membership year, else Rs.1000 will be charged as Annual Fee. This card is enabled for contactless payments.