Money Saving Tips

Financial Resolutions for 2020 https://www.fundstiger.com/financial-resolutions-2020 As we approach the new year we are bound to make a set of rules and aims that will make 2020 much better than 2019 and while we do that with our health and lifestyle, it is also necessary to make some smart financial New Year’s resolutions. Only 25 % of the entire world’s population includes financial planning in their resolution. The following are the list of the top financial New Year’s resolutions to make for 2019. 1. Save More A majority of us feel that savings are the money that is left aside at the end of the month. For some it may be the pre-planned investments that have been made. However, the best way to keep a check on your savings is by setting it aside in the beginning of the month. Set aside a fixed amount every month according to your pay scale. This simple step will also help you in reaching your money goals. 2. Start Budgeting Staying within the budget will not only ensur...

Bharat Bond https://www.fundstiger.com/bharat-bond/ On 4 December, the government of India unveiled the Bharat Bond Exchange Traded Fund (ETF). It is a fund that will invest in central public sector enterprises, tracking the Nifty Bharat Bond Index. The ETF will have two target maturities of three years and 10 years each. You can buy units for as little as ₹1,000 and it is slated to have an expense ratio as low as 0.0005%. Being an ETF, after the NFO (new fund offer), its units can be purchased and sold on a stock exchange. The units will be held in your demat account. Bharat Bond ETF, which will invest in debt securities of government companies, will hit the markets this week. Markets regulator SEBI nod for the new fund offer (NFO) of Bharat Bond ETF has been obtained and it will launch on December 12. Investors will be able to invest in the offer till December 20. Media reports said that as many as 12 central government companies may borrow via the ETF. They include...

Doctor Loan https://www.fundstiger.com/doctor-loan/ Doctor loans are available for professional doctors to help them fulfill their dream to set up their own medical clinic or hospital. You should consider this loan if, You do not have immediate funds available to bear the expenses for setting up a clinic You want to buy new clinical equipments for your medical clinic You want to renovate/improve your clinic Professional Loans to Doctors are collateral-free and help doctors to facilitate the needs such as expansion of business, upgrade equipment, set-up/upgrade clinic and much more. This facility comes with the advantages of a speedy disbursal process, flexible repayment schedules and competitive interest rates. This exclusive doctor loan is designed for medical professionals who require instant access to finance. The loan is available for following purposes: Any personal purpose including purposes for meeting expenses of professional requirement. Development of Clinic ...

Credit and Finance for MSMEs https://www.fundstiger.com/credit-and-finance-msmes/ Credit and Finance for MSMEs: Even as Indian MSMEs continue to struggle with access to low-cost credit, a majority 67 % of finance supply for small businesses in India comes from informal sources. Even as Indian MSMEs continue to struggle with access to low-cost credit, a majority 67 % of finance supply for small businesses in India comes from informal sources such as money lenders, friends and family etc. According to the data compiled by consulting company Dun & Bradstreet (D&B). Another 21 % comes through equity finance while 12 % is sourced from formal sources including non-banking and government institutes, small banks, public sector banks, private sector, and foreign banks, it said based on data from its own research, IFC, and World Bank. The total demand for finance by MSMEs stands at Rs 87.6 lakh crore out of which debt demand has been Rs 69.2 lakh crore and equity demand at Rs 18.4 ...

Personal Guarantor Insolvency https://www.fundstiger.com/personal-guarantor-insolvency/ The government on 12 November notified rules for the initiation of insolvency proceedings against personal guarantors to corporate debtors, to be applicable from December 1. Under these rules, if insolvency proceedings against a corporate debtor under the Insolvency and Bankruptcy Code are already in process, the same bench of the bankruptcy court would also deal with the proceedings against the personal guarantor. Experts said the introduction of these rules would likely bring about a faster resolution to insolvency cases of corporate debtors as well. The insolvency of personal guarantor to a corporate debtor being dealt with at the same bench which is hearing the insolvency of the corporate debtor will improve potential recovery for lenders and make the recovery process more holistic and easier procedurally. On November 15, the corporate affairs ministry said provisions related to personal...

Basic Rules of Buying a House https://www.fundstiger.com/rules-buying-house/ Among the most major decisions that are driven by a investor’s psychology rather than financial factors, perhaps the biggest is buying a house, the space we occupy seems to play a big role in our view of self. Developers too do their best to exploit this aspect of human psychology. In that sense, much has changed when it comes to selling and buying property, but caution is still key No matter how distressed developers are and no matter how reasonably priced apartments look in 2019 compared to 2008 or 2013, these three basic rules of buying a house are just as relevant as back then. 1. Identify Needs Buy  just  one house in which you will live. Do not think of buying any more for investment. The first house is a need. When you take into account the fact you can stop paying rent and get a tax break on EMIs, you will realize that it is a big financial advantage. 2. Be on Budget Don’t stretc...

All about SIP Calculators https://www.fundstiger.com/sip-calculators/ Systematic Investment Plan (SIP) To start investing in equity mutual funds, one is often asked to save through SIP. The systematic investment plan (SIP) can be monthly or quarterly or at any fixed interval and works better in the case of equity mutual funds (MFs). Investing using the SIP mode helps to keep the average cost of MF units low and also helps avoid the temptation to time the market. SIP suits long-term goals such as children’s education, marriage or for own retirement. But, before one starts a monthly SIP, the investor would want to know as to how much will be the final amount. SIP calculator can be of use and help the investor decide how much one should save to reach their goal of Rs 1 crore or a higher amount. How does SIP calculator works? SIP calculator is essentially a tool that helps to calculate the maturity value of a series of payments for a specific period at an assumed growth rate. The...