How Can You Use an Overdraft Facility Smartly?

Not all credit is bad. In this post, I will show how an overdraft facility can be useful in certain cases. What Is an Overdraft Facility? An overdraft facility is a revolving credit facility just like a credit card. You pay interest only on the drawn (utilized) amount. You can draw from the facility up… Continue Reading

Are You Planning to Make a Tax-Saving Investment?

The tax-saving season is round the corner. Are you still running around to finalize tax-saving investments? Well, there are so many ways to save tax. There is PPF, EPF, NPS, ELSS, LIC policies, ULIPs, 5-year FDs, life and health insurance plans, pension plans and many more. In this post, I do not intend to discuss… Continue Reading

ICICI Bank Insta Loan Against MF Facility

ICICI Bank has launched an instant loan against mutual funds facility. So, if you are an existing ICICI Bank customer and have made mutual fund investments, you can apply for an instant loan against your MF investments. The loan is available in the form of an Overdraft facility (and not a term loan). You pay… Continue Reading

Loan against Securities from Bank of Baroda

In times of need, when a personal loan is not an option, many of us have to offer collateral to the bank/credit institution to get a loan. In many of our earlier posts, we have discussed loan against gold jewellery, loan against property, loan against insurance policies and loan against financial investments (securities). Since gold, insurance… Continue Reading

HDFC Bank Digital Loans Against Mutual Funds

I had written a post on loan against securities earlier. However, the process always seemed a bit drawn out. It can easily take up to 5-6  days to avail the facility. HDFC Bank has come out with a loan facility — Digital Loans against Mutual Funds or Digital LAMF — where you can pledge your… Continue Reading

Budget 2018 Highlights

The Budget 2018 was presented on February 1, 2018. The Finance Minister did not propose any changes to the income tax slabs and tax rates. However, much needed relief was granted to senior citizen tax-payers. There were a slew of other relief measures for senior citizens. However, the biggest setback has come to equity investors, where the… Continue Reading

Investments through Credit Cards?

Many of us have grown so fond of rewards points that we even want to make our investments through credit cards.  Sounds good, right? It is like having a cake and eating it too. Many times, I hear this question (investment through credit card) at the end of the financial year when many of us… Continue Reading

7 Mistakes to Avoid While Investing in Mutual Funds

In this post, let’s look at some of the common pitfalls about investing in mutual funds. 1. Mutual Fund Means Equity Mutual Funds. Many of us get attracted to mutual funds during periods of bull run in the equity markets. We are attracted to high returns of equity funds. Therefore, for many of us, mutual fund… Continue Reading