The Indian stock market categorises listed companies based on their market capitalisation, which refers to the total worth of a company. There are three categorisations of market cap – large cap, mid cap, and small cap. Also known as blue chip stocks, large cap stocks are shares issued by a company with over Rs 20,000 cr. Mutual funds primarily investing in such stocks are called large cap funds or blue chip mutual funds. In this blog, we have encapsulated the list of the top 10 large cap mutual funds based on their 5-yr CAGR. But before we delve deeper, let’s understand the terms that we will ..read more

A financial emergency or a cash crunch situation can make you look for funding options like loans or other alternatives. Availing a loan against a fixed deposit (FD) rather than a personal loan is better because the loan amount of up to 90% of your FD amount can be availed, whereas, you can only avail up to Rs. 35 lakh from a personal loan. Moreover, the exciting interest rates make it more appealing to draw a loan against a fixed deposit. Apart from this, the loan tenure of a fixed deposit is till the FD matures, rather than a personal loan, which is only up to 5 yrs.  So, instead of bre ..read more

You might find yourself in need of loans for various purposes, and there are several financial institutions ready to assist you. However, each lender has specific loan eligibility criteria, which can determine your chances of your loan approval. These factors play a crucial role in determining your credibility as a borrower, affecting the trust they place in you when lending their money. In this tech-driven world, you can conveniently assess your loan eligibility through various online loan eligibility calculators. These tools are designed to assess your loan application by identifying your cr ..read more

At the end of every financial year, most investors rush to find ways to save tax. One of the ways you can save Rs. 1,50,000 in tax is through ELSS mutual funds. These tax-saving mutual funds offer dual benefits of wealth creation through equity exposure and tax saving under Section 80C. To know more about ELSS funds and how to invest in ELSS funds, read on. What are ELSS funds? ELSS (Equity-Linked Savings Scheme) funds, popular as tax-saving mutual funds, are professionally run funds that focus primarily on equity and equity-linked securities to generate returns for the investors. A 60-80% of ..read more

Availing a personal loan is probably the first thing that comes to your mind if you’re looking to address an emergency. And while a personal loan is often promoted as easy to secure, the process may not be smooth if you have a low credit score. Getting a personal loan with a low credit score can be difficult but not impossible. Here are 6 ways to secure a personal loan at reasonable interest rates despite having a low credit score.  Correct any errors that may cause a bad credit score Your credit score is the reflection of your credit history, like credit card bill payments, etc. It shows ..read more

Ensuring a secure future for a daughter is what every parent prioritises. In order to do that, one must start with building the corpus that contributes to the future of a daughter. In India, there are various child investment plans that you can explore as a parent. To ensure you invest in the best investment for a girl child in India, we have collated the list of 10 best saving schemes for a girl child. List of 10 best investments for girl child Sukanya Samriddhi Yojana (SSY) The SSY plan is designed to encourage you to save for your daughter. An SSY account can be opened any time after the bi ..read more

Financial emergencies might spring up at any time; when they do, many of us usually withdraw our savings. However, when you don’t have sufficient savings or do not want to redeem your investments, you can apply for an instant personal loan. Many banks have made acquiring a personal loan easy, and you can easily get an instant loan without credit score. These instant personal loans offer funds at the earliest so that you can meet your financial obligations. However, in some instances, when you apply for such loans, the lender checks your credit score before sanctioning the funds. But what is a ..read more

Financial literacy is not much spoken about in a country like India. Because of this, many individuals often end up making decisions that do not align with their future goals. One such instance is seeking a personal loan from a bank. Although personal loans have a few benefits like quick processing, flexible payment duration, no collateral, and so on, the cons are high too. Personal loan borrowers are often subjected to exorbitant interest rates, high processing fees, and strict eligibility criteria. And hence, introducing you to alternatives to personal loans. In this article, let’s look at 7 ..read more

Travelling is one of the greatest joys in life. It will give you a lifetime of memories and provide a much-needed break from a monotonous life. But what if you face an unexpected crisis during the trip? Like you lost your wallet or, worse, your passport. Emergencies often come unannounced. While you might not have control over avoiding them, you can get them insured under a travel insurance policy in India. Let’s explore different travel insurance policies you can opt for in India –  What is travel insurance? Travel insurance is a policy that covers the financial losses or contingencies t ..read more

Life insurance plans are contracts that provide financial coverage in the face of untimely death. In India, the life insurance penetration is around 4.2% which is still on the lower side considering the benefits it presents. Normally, when it comes to life insurance, most people associate the policy with an untimely death. However, that’s not all that there is to life insurance. There are different types of life insurance plans available in India. Each of these plans caters to different needs and can help you avail of 360-degree financial protection. Do you know about the different types of in ..read more