As reported by TransUnion CIBIL, the average credit card debt per borrower in India was approximately ₹36,000 in 2021. While this figure may not seem alarming at first glance, the reality is that many individuals struggle with substantially higher credit card debt, often exacerbated by the temptation to swipe that plastic card for every purchase. … Read more
Utilise data and analytics In today’s fast-paced investment landscape, using data and analytics is a powerful way to stay ahead of market trends. In today’s digital age, using financial datasets and sophisticated financial models using advanced analytics will help you stay ahead in the game. Advanced analytics tools can help you data crunch to identify … Read more
These include engine protection cover, zero depreciation cover, tyre protector, assistance cover, flood assistance cover, EMI protection cover, and consumables cover. Let’s explore how these add-ons can provide comprehensive protection for your car this rainy season. Also Read: Planning a new car? Here are the latest car loan interest rates from top banks Engine protection … Read more
In simpler terms, pig butchering is a version of smishing where scammers use social media platforms for cyber theft. As the name suggests, the victim is being ‘fattened up’ through validation and friendship before ‘butchering’ i.e. stealing of funds. A simple ‘Hi/Hello’ on a social media platform from a stranger’s profile can turn into a … Read more
The dynamics of index funds have changed significantly in the last few years in India. With the proliferation of awareness initiatives and the introduction of innovative benchmark schemes by mutual fund houses, investors are exploring this universe with active interest. Simply put, index funds replicate a stock market index in terms of a portfolio. For … Read more
According to the data shared in parliament, during a Lok Sabha session in February 2023, student loans amounting to ₹39,268.82 crores were disbursed over the past decade. Embarking on the education loan journey marks the initial stride towards financial independence for students, and responsibly repaying it is essential to build a healthy credit score. Therefore, … Read more
In the face of unexpected health challenges, health insurance can either emerge as a dependable ‘knight in shining armour’ or a ‘complex labyrinth to navigate’. Regrettably, in the aftermath of an emergency, individuals often develop a less favourable perception of both insurance and insurers. This perception primarily stems from a lack of understanding of the … Read more
For long-term wealth creation in India, investing in mutual funds through SIPs (Systematic Investment Plans) has become one of the most prevalent and successful strategies. SIPs give investors the ability to systematically accumulate wealth by allowing them to invest a certain amount into the mutual funds of their choice at frequent intervals, usually every month. … Read more
Cyclones are an unfortunate yet common occurrence in some parts, especially along coastal regions. These powerful storms can cause widespread destruction, including damage to personal vehicles and property. If your bike was damaged due to a recent cyclone, here is a comprehensive guide to filing an insurance claim. Understanding bike insurance Most banks and non-banking … Read more
The festive season is upon us. It brings along joyful opportunities to celebrate and create cherished memories with loved ones. As we eagerly anticipate the festivities, there is always a little lingering worry about the expenses the festivals entail. To make sure that you enjoy your festive celebrations, without worrying about beginning the next year … Read more