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Online calculator for calculating Public Provident Fund (PPF) maturity amount

If you want to enjoy a stable financial future, it is vital to start saving from an early age. But merely savings will not be enough. You need to invest your money in a savings scheme to create wealth for the future. One of the most popular savings schemes is Public Provident Fund, commonly known as PPF. PPF is a risk-free option to invest your money as you earn a fixed interest declared yearly by the government. If you are new to PPF, you must use a PPF interest calculator to calculate the returns you can get on your money after a given period. To start a PPF account, you can contact an approved bank or a post office branch. A new PPF account is set up in a few minutes, and you can start investing. Read on to learn more about PPF, the PPF account calculator, and other useful aspects of this well-known savings option. [B-01] Need for PPF Account Calculator PPF is a long-term savings scheme where the maximum tenure can go up to 20 years, i.e., 15 years minimum tenure and multiple 5-year extensions. The lowest investment amount is Rs. 500, and the highest amount is Rs. 1.50 lakhs in one year. You might want to start your PPF account soon, but you must know the calculations involved. The money you invest in PPF will earn you interest every month. This interest is re-invested into the PPF account and then earns more interest. You cannot withdraw money from your PPF account before 15 years, as partial withdrawals are available only in some cases. This is compounding, where your money multiplies as the interest earns further interest. These calculations get difficult as the time frame increases. As PPF calculations are technical and can not be done correctly manually, you can opt for a PPF account calculator to help with the task. You can use a PPF calculator monthly to understand how much you need to invest every month in the PPF account. This will help you plan your finances in a better way. What is a PPF Interest Calculator? Before you start using a PPF calculator monthly, it is vital to know what it is and how it can help you. A PPF interest calculator is a tool that will complete the complex PPF calculations for you in a few seconds. It is a digital tool available on some platforms and can automatically complete all types of PPF calculations. A PPF account calculator is free to use, so you do not have to pay anything to use it. Hence, you can freely use a PPF calculator monthly and plan your investments better. Moreover, you do not need to be a financial wizard to use this tool, as only basic details are required for the calculations. Your private details are not required for a PPF interest calculator, so your privacy is also ensured. How to use a PPF Account Calculator? If you have plans to use a PPF calculator monthly, then you must know about the essential steps to use a PPF interest calculator: – Log on to any preferred online platforms or mobile apps offering a free PPF account calculator. Click on the link for the PPF interest calculator on that platform. You will now see the PPF interest calculator on your screen. Firstly, you will be asked to enter the frequency of investment. You can select from monthly, quarterly, half-yearly, and annually. You must enter the amount you want to invest within that period. The minimum annual amount is Rs. 500, and the highest is Rs. 1.50 lakhs. The next field is for the PPF interest rate. In most cases, this will be pre-filled, but if not, then you must enter the current PPF interest rate. Now you must select the duration of the investment. The minimum tenure is 15 years, and there is no limit on maximum tenure. After you press the calculate option, you can see the total amount invested, interest earned, and maturity after the period. You also have the option of seeing these details as a table or as a graph on some platforms. Using a PPF interest calculator, you can easily get useful details on your PPF account. The sequence of options might vary across platforms, but the details required and the results offered will be the same. Benefits of using a PPF Account Calculator There are various benefits of using a PPF interest calculator. Some of the most useful benefits are listed here: Clears doubts: – If you have doubts about a PPF account, this calculator can resolve most of your questions. Free to use: – It is a free-to-use tool, so you can use a PPF calculator monthly to plan your savings without hesitation. Tax Savings: – Money invested in a PPF is eligible for tax education under section 80C of the Income Tax Act, 1961. Hence, you can save on your income tax as well. Wealth creation: – PPF account has a minimum of 15 years of lock-in. This allows your money to multiply with the effect of compounding. You will be able to create wealth for future needs. Easy to understand: – Only basic details are required to use a PPF calculator. The results provided are effortless to understand and analyze for every person. [B-02] Conclusion To enjoy a secure financial future, you need to start investing your money at a young age. But if you have not yet started, you must start a PPF account now. It is an excellent option to create wealth for a secure future. As PPF is a risk-free savings scheme, your money will be secure and free from market risks.
08-11-2023
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Personal Loan

How To Get a Personal Loan with a Low CIBIL Score?

A personal loan is an unsecured mortgage that one can always avail of in need during an emergency or a short-term urgent big expense. Getting such loans is not a big deal if you have a good credit score and income level, but when certain factors are mentioned going down, it becomes difficult to get a loan. This blog will help you understand the importance of the CIBIL score and how you can quickly check your CIBIL score online by Pan number. [B-01] What is a Cibil score? CIBIL is an agency approved by the Reserve Bank of India (RBI). It helps people to calculate their credit scores by checking the CIBIL score. CIBIL stands for Credit Information Bureau(India) Ltd. With the help of the CIBIL score, one can always check their creditworthiness. This score summarizes one’s credit history, the total amount of credit one has taken, how they have repaid, and other factors. Repaying the loan in time, less exposure to credit cards and several other factors can help one build their CIBIL score. The standard CIBIL score lies between 300- 900. The greater the score, the more chances of getting a loan. If one has a score of more than 750, it would be easier for them to avail of the loan. If one has less than 550, it would be a little difficult for that individual to avail of the loan. In such cases, the financial source may increase the interest rate on loans. How to avail of an urgent Loan with a Low CIBIL score? Sounds too good to be true? But it’s true. Even though it may seem impossible to avail of a loan at a low score, it is possible to get a loan. The first thing one should always do is to reassure that their CIBIL score is low, as sometimes the CIBIL report may not be updated. In this case, they should report and get the score corrected. So one should regularly check their CIBIL score. Find a co-applicant. Check their CIBIL score. If one can find a co-applicant with a good CIBIL score, they have a much higher chance of getting a loan. If one with a low CIBIL score somehow manages to find a guarantor(someone liable to pay if one is unsuccessful in paying in time), they may have a much greater chance to avail of the loan. Even if one has a steady income source or another source, they should include this as proof. As a result, they will be eligible for the loan. One can also apply for a lesser amount of loan. One should always think for once from the lender’s perspective, so availing of a loan for a lesser amount is always better than asking for more. Getting a zero credit score or NA, NH in a credit report states that the user hasn’t used the credit card for three years or more than that, then they should explain their case in this scenario, and if the lender agrees, then they would provide the loan for a bit more interest rate. How to check CIBIL score Online using PAN Number? People can always check their CIBIL score online using a PAN number. Transunion CIBIL manages the people’s credit scores, a credit rating bureau. To check your credit score online then, you should : Log in to the CIBIL portal. Click on the link which states to get Your CIBIL Score. Choose your Subscription plan. Provide the required details. Create a secure password. Select income tax ID (PAN) and enter PAN number. Click on Proceed and answer the questions accurately. Finish the process by clicking on the make payment tab. If this is for a single time, then ignore all the subscriptions and proceed to your account. Login to your account using the credentials. Enter the details required. Submit the form at the end to see your desired CIBIL score. One can always do a free CIBIL score check once a year. Or one can also use other identification proofs like Passport, Voter id, or Driving license. If one finds any false statement or report, they can always raise the dispute using the CIBIL website or by post. [B-02] How is CIBIL Score Calculation done? Every credit company has its proprietary algorithm to calculate an individual’s credit score. A CIBIL score calculation is done based on all these metrics: The payment history- This is the main factor that decides the score, how much a person spends and how they manage their balance sheet. This factor attributes approx 30% to the score. Exposure to credit cards – This factor is responsible for approx 25% of the credit score. Credit type and the loan duration – This factor contributes another 25% to the credit score. Other Factors- Other factors may include credit utilisation; one’s recent credit behaviour adds up to another 20% to the credit score. One always has ways to get personal loan, but the approach should be accurate. With the methods as mentioned earlier, one can always avail of a loan and always be cautious of factors mentioned above to improve their CIBIL score.
08-11-2023
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Dream Mobile

India’s 5G mobile phone price list for 2022

This year, our Prime Minister, Mr Narendra Modi, announced that 5G services would be launched in the country. Jio, Airtel, and Vodafone are the network providers committed to providing 5G services by the end of 2022. What a fantastic opportunity to get your hands on 5G mobiles in India! [B-01] What is 5G? 5G is a mobile network that is the fifth generation. It’s supposed to give more users multi-gbps peak data speeds, ultra-low latency, more reliability, a huge amount of network capacity, more accessibility, and a more standardised user experience. It could also bring together the internet, such as content creation, virtual reality, augmented reality, and online gaming. In India, there are now 5G mobiles being made by mobile companies. With so many phones to choose from and different prices, it might be hard for you to decide which one to get. But, don’t worry, we have got you. We’ve listed the prices of the best 5G mobile phones in India for 2022. Apple iPhone 14 Pro Max The Apple iPhone 14 Pro just made its way into the market. One of the best things about it is that it is compatible with a 5G network. It is run by a chipset called A16 Bionic. The screen is 6.7 inches and has a 120Hz refresh rate. It has a retina HDR display. On the back of the phone are three cameras: a 48MP main camera, a 12MP ultrawide camera, and a 12MP telephoto camera. It boasts an always-on display, a long-lasting battery, iOS 16, and cutting-edge safety features, including automatic crash notification, satellite-based emergency assistance, two SIM card slots, and more. The Apple iPhone 14 Pro may be purchased beginning at ₹129,900. Samsung Galaxy Z Fold 4 5G The Samsung Galaxy Z Fold 4 5G is now one of the company’s best products. As you might guess from the name, this phone is compatible with a 5G network. The Qualcomm Snapdragon 8+ Gen 1 chip runs the Samsung Galaxy Z Fold 4 5G. The Qualcomm Snapdragon 8+ Gen 1 CPU is what drives the Samsung Galaxy Z Fold 4 5G. It has a foldable display that is 7.6 inches in size and has a display of 120 Hz. On the back of the device is a triple camera array consisting of a 50MP primary camera, a 12MP telephoto camera, and a 12MP ultrawide camera. It supports the SA, NSA, and Sub6 bands for 5G. The starting price for the Samsung Galaxy Z Fold 4 5G is ₹154,999. OnePlus 10R 5G The OnePlus 10T is currently one of the most powerful smartphones that can be purchased on the market. The 5G mobile network is supported without any problems. It is driven by a Qualcomm Snapdragon 8+ generation 1 processor. The OnePlus 10T has the following 5G bands: 1, 3, 5, 8, 20, 28, 38, 40, 41, 77, 78, and SA/NSA. The display of the OnePlus 10T has a size of 6.7 inches, a refresh rate of 120 Hz, and a punch hole. The starting price for the OnePlus 5T is ₹49,999. Oppo Reno 8 Pro 5G The Oppo Reno 8 Pro 5G has a fast CPU and a battery that can last for an extended period. It is compatible with the 5G mobile network. In addition, it has the following bands for 5G connectivity: 1, 3, 5, 7, 8, 20, 28, 38, 40, 41, 77, 78, and SA/NSA. The screen is 6.7 inches and has a 120 Hz Display with Punch Hole technology. A processor manufactured by MediaTek called the Dimensity 8100 Max can be found within the Oppo Reno 8 Pro 5G. The Oppo Reno 8 Pro 5G can be purchased at a starting price of ₹44,900. Xiaomi 12 Pro Xiaomi has just released its new Xiaomi 12 Pro smartphone for the Indian market. The mobile device is powered by a Qualcomm Snapdragon 8 gen 1 processor and operates on Android 12. It features a refresh rate of 120 Hz with a display that is 6.73 inches in size and uses a Punch Hole. The battery is of high quality and has a longer lifespan as a result. It includes the 5G Bands 1, 3, 5, 7, 8, 20, 28, 40, 41, 66, 77, 78, and 79, as well as SA and NSA. This mobile device has a starting price of ₹62,999. Vivo X80 Series Recently, Vivo introduced the Vivo X80 Series, which consists of the Vivo X80 and the Vivo X80 Pro. The SA/NSA 5G bands supported by the Vivo X80 are the 1,3, 28,38,40,41 bands, whereas the SA/NSA bands supported by the Vivo X80 Pro are the 1,2,3,5,7,38,40,41,66,77,78 bands. Both of these gadgets support 5G connections. Although the displays on both phones are the same size, the one on the pro model has an AMOLED display. The Vivo X80 Pro is powered by Qualcomm’s Snapdragon 8 Gen 1 processor, while MediaTek’s Dimensity 9000 chipset powers the Vivo X80. The Vivo X80 has a starting price of ₹54,999, whereas the Vivo X80 Pro has a starting price of ₹79,999. Motorola Edge 30 Pro The Motorola Edge 30 Pro is compatible with a 5G network. The phone works with SA/NSA/Sub6 5G bands 1, 3, 5, 7, 8, 20, 28, 40, 41, 48, 66, 71, 77, and 78. It has a 144 Hz OLED screen that is 6.7 inches in size. A Snapdragon 8 Gen 1 processor runs it. The starting price for the Motorola Edge 30 Pro is ₹ 42,999. Realme GT 2 Pro 5G The Realme GT 2 Pro 5G is much better than it looks. It works with a 5G network. It works with SA/NSA 5G bands like 5,7,8,20,28,66,77,78. The Snapdragon 8 Gen 1 SoC and Adreno 720 GPU give it power. The starting price of this phone is ₹ 52,499. [B-02] Final Thoughts After reading this article, you will clearly understand 5G supporting mobiles in India, including which are the finest ones to purchase. You may choose one of the options with great ease now that you are well-versed with the mobiles and the prices associated with them. Visit Piramal Finance if you are interested in learning more about 5G mobiles and other relevant topics to this industry. Read more related blogs on their website, or explore their financial products and services, such as personal loans, credit cards, and financial calculators.
08-11-2023
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Wedding

Top 10 Sherwani Designs for Marriage

Your wedding is most probably the most memorable day of your life. Since you will be surrounded by your family, friends, and loved ones on this special day, you must dress accordingly. Men struggle to zero in on their ideal clothing just as much as women do. Finding the sherwani for men that best suits you, however, may seem challenging given the variety of designs that line the store. To aid you with your pre-Sherwani shopping blues, we have put this blog together. Check out the top 10 Indian Latest Sherwani Designs for Marriage in 2025 if you’re presently preparing your wedding outfit. [B-01] Buy the Latest Sherwani Design for Marriage in 2025 1. Embroidery Designed Sherwani for men You are the day’s hero, so wherever you go, you should be an inspiration. A rich and ethnically embellished sherwani for men would make you the centre of attraction, whether it be worn on the dance floor, the stage, the varmala moment, or the pheras. To give it a royal but elegant touch, one might choose to embroider it with thread or aari. To further spruce up the look, pair this sherwani with witty stoles or striking dupattas. These are perfect for Mehendi and Haldi ceremonies, sangeet celebrations, and ring ceremonies. 2. Printed Sherwani These latest sherwani designs for marriage are the ideal fusion of current and contemporary styles, with a variety of patterns and artwork. The top Indian ethnic wear businesses provide hundreds of printed sherwani options online. You may select from the best sherwanis made with luxurious materials which come in a wide range of colour schemes and styles. To enhance the appeal of your patterned men’s sherwani, pair it with plain bottoms and beautiful jewellery like cufflinks, pins, and chains. 3. Achkan Style Sherwani This Latest Sherwani Design for Marriage is without any doubt aesthetic. No man can resist sporting an Achkan outfit during a wedding. The Achkan sherwani for men creates a great design statement when paired with jackets and churidars. 4. Jacket Style Sherwani For guys who prefer flaunting a stylish appearance, jackets sherwani are the best options. The jacket sherwani design for men has a contemporary conventional-looking sequin design and prints. The sherwani jacket looks best when paired with long pyjamas and a pair of modern juttis or loafers. 5. Mughal Style Sherwani If there was a contest for the season’s best-looking groom then you would stand a chance of winning if you were wearing a sherwani in the Mughal style. The sherwani’s panels or hem might include Mughal embroidery or motifs to enhance the beauty of your important event. Going the Mughal route is a style choice that others will notice, admire, and even covet. 6. Indo-Western Style Sherwani The Indo-Western latest sherwani design for marriage is a trailblazer in its own way. Additionally, the Indo-Western Sherwani for a wedding is decorated with contrasting tones, hues, and colours. If you’re tired of conventional styles, there may be an Indo-Western sherwani for men just for you. 7. Floral Sherwani The greatest wedding sherwani design for wedding rituals is a floral one. When attending wedding celebrations, a flowery sherwani provides you with a lovely appearance. The sherwani’s lovely floral designs give your complete outfit a touch of class. You should try to steal the show at your wedding celebrations with a floral sherwani for men. 8. Jodhpuri Style Sherwani The most elegant sherwani designs for men is those with Jodhpuri patterns. A common belief is that the jodhpuri design is suitable for royal weddings. But it is a misconception, for the jodhpuri style has become practically every man’s preferred outfit because of the elegant appearance it imparts. A royal jodhpuri sherwani needs skilled designers to achieve its beautiful finish. You may match the Jodhpuri sherwani with vests, scarves, and brooches to give it more edge. Don every piece of jewellery and clothing that will make you appear regal. 9. Bandhgala Design Sherwani The Bandhgala Sherwani has a royal look with its neat fit and high-neck style, making it perfect for weddings and formal events. 10. Side Buttoned Sherwani Invest in the latest sherwani design for marriage with a button panel on the side for an edgy look. A side-buttoned sherwani would be a terrific alternative for your wedding appearance if you wish to go for a conventional yet royally sophisticated groom style. Your special occasion would only be enhanced by the regal hues of blue, marsala red, and pastels. To finish the opulent effect, pair it with a contrasting churidar. Tips to Style your Wedding Sherwani Always try the sherwani on to make sure it fits your body properly. Choose hues that go well with your skin tone. Try experimenting with other bottom wear options rather than sticking with the traditional Churidar. Remember your accessories, such as beaded chains. For an aristocratic effect, wear a shawl or dupatta in a contrasting colour. Along with a pair of ethnic shoes, you can choose a turban or other headwear. [B-02] Conclusion When it comes to selecting a perfect sherwani design for the wedding, make sure you look for comfort. Plus, don’t try to overdo the accessories. If you are wearing a plain sherwani, then you can wear it with a Kundan-pearl set for men and add broaches. But if you are wearing a printed sherwani, a Kundan set might not highlight the look, instead, you can wear a drape around with modern juttis. Remember, you not only have to select a perfect sherwani for the wedding, but also have to pair it perfectly. Read more related blogs on the Piramal Finance website to explore our financial products and services, especially those on personal loans, credit cards, and financial calculators.
08-11-2023
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Wedding

11 Reasons to Buy Pathani Suits Online in India

Pathani suits are in fashion these days among men. It is a traditional outfit similar to the kurta pajama style. It has a loose fit which makes it a very comfortable dress. It is a must-have dress in every man’s wardrobe. It makes you feel confident and looks good. You can wear the Pathani dress for both casual and formal occasions. You can even wear them for festivals, parties and other celebrations. You can wear them for family functions and office events. You can turn heads and impress people around you in this dress! You can buy Pathani for men from physical stores or online. However, most men now prefer to buy Pathani dresses from online shopping websites. [B-01] Pathani Suits Online Shopping Advantages Here are 11 reasons why it makes good sense to purchase Pathani dresses online: 1. Greater Variety Online stores have a huge collection of Pathani dresses. You get several options to choose the suit you like the best. You can search for different designs, colours, prints, fabrics and styles. There are also choices in types of buttons, collars and sleeves. You can even choose the Pathani suit as per the occasion. 2. Suggestions for Add-Ons and Accessories You need a trendy jacket or a pair of traditional footwear. These can complete the look of Pathani suits for men. Usually, you have to visit different physical stores to buy add-ons and accessories. This is time-consuming. However, online sites give suggestions for these things on the same page. You have to click on the link to make the purchase. 3. Ease and Convenience Within a few clicks of buttons, you can buy Pathani suits online. Say goodbye to walking through the crowd or long queues—no more worrying about parking space ever. Moreover, you get your dress delivered to your doorstep. This saves you a lot of time and effort. The process is also less stressful. 4. Lower Prices Online shops sell Pathani suits for men at affordable prices. You may get offer coupons, discounts and cashback around the year. Buy these dresses at much lower prices and within your budget. 5. Comparison When you buy Pathani suits online, you can quickly compare them across different websites. You just need to visit different websites selling these dresses. You can compare prices, styles, deals and offers. This type of extensive comparison is very slow and timewasting in physical stores. This quick and convenient comparison ensures that you get the perfect dress of your choice. 6. 24/7 Shopping Online shopping sites are open 24/7. You only need a mobile phone/laptop and an internet connection. Shop for Pathani suits anytime or anywhere. Whether at home, in the office, café or different country, you can place an order whenever you like. 7. Customer Reviews and Ratings Go through customer reviews before buying Pathani suits. Even check for the number of stars the dress has received on a rating scale. You can easily get this information on the shopping website or social media. You can see the likes and comments of people who have purchased the dress. It helps you gauge the quality of the Pathani Suits online. 8. Easy Returns Do you want to return or exchange Pathani for men from a physical store? You need to visit personally. Some stores don’t even have a return or exchange policy. However, online shopping websites have an easy return and exchange policy. This policy is usually valid for 7 to 30 days. The best thing is that they pick up the return order from your doorstep. You can request an exchange. They sent people to pick up and return from your address. No need to go anywhere! 9. Refunds Most physical stores do not have a refund policy. It might create a problem if you want to return the Pathani suit. Generally, you can buy the same attire in different sizes and colours as an exchange. Or you have to buy something of the same price. This is not the case in online shops selling Pathani dresses. Most online websites refund the money if you are unsatisfied with the dress. They credit it back to the source of payment. You can use it for any other purpose. 10. Wide Choices in Brands Online shopping stores keep a stock of several brands of Pathani for men. Explore all the brands and choose a dress that fits your expectations. Are you looking for a specific brand unavailable in your city? You can easily find it online. You can get your hands on high-priced exclusive suits online. You can show off your branded Pathani outfit to your family and friends. 11. Better Customer Service Let’s say you have some query, complaint or issue with the Pathani suit after purchase. Physical stores hardly have any dedicated customer service facilities. You have to make several calls or visit the store to get a resolution. Online shops have 24/7 customer help centres. You can get in touch over call, email or chat. [B-02] Final Thoughts Pathani suits are trending in men’s fashion. It offers a unique look for any body type. Shop online if you want to shop for the latest styles and variety. Read more related blogs on the Piramal Finance website, or explore our financial products and services, such as personal loans, credit cards, and financial calculators.
08-11-2023
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Home Loan

Top 5 Benefits of Using a Home Loan EMI Calculator

Owning a home is a dream come true. Many people wish to own a place that they can call home. But with the current inflation in the real estate market, buying a home is tough. Also, paying the whole amount at once can put you under financial stress. So, many go for home loans to help them accomplish their dreams. Also, you need to plan your finances before investing in a home. So, it’s important to understand the factors that may affect your repayment situation. The home loan helps you buy the property. But you need to ensure that you pay your EMI on time every month. There should be no delay in the EMI schedule. This reduces the chance of defaulting on EMI payments. Also, if you repeatedly fail to pay the EMI on time, you may lose ownership of your home. So, consider all the finance options before selecting home loans. Ensure that the EMI amount is within your budget. It shouldn’t adversely affect your monthly expenses. [B-01] But, many times, it is difficult to get an affordable loan. Check for several combinations that suit your plan. But this kind of calculation takes longer if you do it manually. But a home loan calculator gets you the result in a click. Check out Piramal Finance’s home loan calculator. A housing loan calculator is an easy-to-use digital tool. You can calculate the amount that you need to pay in instalments. You just need to enter the interest rate and duration. Play with the three variables of the EMI to figure out which condition suits you. You can plan your repayment accordingly. For example, you may increase the tenure to decrease the EMI amount. Or you can increase the EMI amount to decrease the tenure. Here, we have discussed how a home loan calculator works. We also dive in to understand how it helps with owning a home. How to calculate Home Loan EMI? The formula used for arriving at the EMI is:EMI = [P x R x (1+R) ^n] / [(1+R)^ n-1]Here, P= Principal loan amount, R= Rate of interest, and n= Number of monthly instalments. The manual process is lengthy. The chances of errors are high. So, you can use the home loan EMI calculator by Piramal Finance. Benefits of using a home loan EMI calculator No technical knowledge is necessary for using the tool. A home loan EMI calculator is user-friendly, quick, and easy to use. You don’t need to have the technical prowess to use this application. The online home loan calculator is open-source and available on smartphones as well. You just need to input simple values. It will give you results in less than a second. It simplifies your initial steps when choosing a home loan. It saves you from performing complex calculations.One of a home loan EMI calculator’s key benefits is the speed with which it gives results. Although it is possible to manually calculate a loan’s EMI using the aforementioned technique, doing so takes a lot of time. You may save a lot of time and effort by using a specialist home loan EMI calculator to simplify the calculating procedure and view the results quickly. Provides nothing but accurate results.The accuracy that a house loan calculator provides is an added benefit. Errors are less likely to occur with a home loan EMI calculator. Even a small calculation error can result in inaccurate EMI calculations. With a dedicated loan EMI calculator, you can exclude all computational errors. As long as the values you enter are accurate, the computations will be fully accurate and dependable. Helps you maintain your credit score.The calculator is also handy for calculating the cost of borrowing. It also helps evaluate if a loan is affordable. You will thus have a better idea of how to repay the loan within the allotted period if you calculate the EMI before taking out a loan. You won’t miss an EMI payment deadline. This will also prevent your credit score from falling. Keep in mind that having a solid credit history is essential since it will influence your credit in the future. Poor scores make it difficult to obtain credit. Make decisions by modifying components of EMI. Your loan amount, monthly interest rate, and duration are used to calculate your EMI. The EMI directly relates to the loan amount and interest rate. Additionally, it is inversely proportional to the loan’s duration. Therefore, choosing a longer term will lead to a lower monthly payment. You may change the loan amounts, periods, and interest rates using an EMI calculator to find the most affordable terms for your situation. By doing this, you’ll be able to choose the right loan amount without making your daily life more complicated. No requirement to share personal details: Home loan EMI calculators don’t ask for your name or personal information. Hence, you need not worry about your privacy while using this tool, making it safe to use. Now that you know much about home loan EMI calculators, it’s time to use one. Use the Piramal home loan calculator to take the next step toward your dream home. [B-02] Conclusion Reduce the chances of missing EMI payments. Plan your home loan process carefully. Use a home loan calculator. Hence, an ideal way to start obtaining financing is by calculating your EMI in advance. This simple and free tool, the EMI calculator, will prove to be a lifesaver. Furthermore, Piramal Financial is the ideal destination if you’re looking for a dependable finance partner to meet your financial requirements. We offer an easy-to-use home loan EMI calculator for budgeting your payments. The service is free, simple, and always produces accurate results. Other highlights of service provided by Piramal Finance include expert legal and technical advice to assist you in making the best possible property purchase decision, loans serviced anywhere in India, etc. You will also receive flexible credit periods and affordable loan interest rates. Additionally, there are absolutely no additional prices or hidden fees. We support total transparency in all lending dealings. Go to our website right away.
08-11-2023
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Mutual Funds

An Extensive Guide to Investing in the Best Midcap Funds in 2022

Some investors search for the most reliable and secure household names. Others choose to own stock in startups and growing companies. Midcap mutual funds are “perfect” for investors looking to strike a balance between growth and profitability. Here is a deeper look at the best midcap funds, with advice on how to pick the best midcap mutual funds: [B-01] What are Midcap Mutual Funds? Midcap funds are equity mutual funds. Investors can invest in equity-linked securities of firms with market capitalizations. Midcap funds offer higher returns than large-cap funds. The size of the firm is important. When you decide to invest in equity-linked securities, it affects the range of risks and opportunities. Midcap companies frequently do better than benchmark and large-cap funds. This is workable as the underlying equities take advantage of the growth potential. Who Should Invest in the Best Midcap Mutual Funds? Midcap funds are available to investors searching for ways to increase their wealth. However, there are certain risks. Investors can access midcap funds in specific situations. For example, if they are prepared to tolerate the instability of these stocks in exchange for excellent profits. Best Midcap Mutual Funds to Invest in 2022 Here are the best mid-cap funds for you to consider: 1. PGIM India Midcap Opportunities Fund The main goal is to generate long-term capital by investing in equities and equity-related securities. Like with other mutual funds, success is not always assured. 2. Kotak Emerging Equity Fund The investment goal is to achieve long-term capital through equity and equity-related assets. The investment trust follows the NIFTY Midcap 150 Total Return Index. 3. Axis Midcap Fund To generate long-term capital growth by focusing on mid-sized stock and equity-related securities. The fund’s primary goal is to invest in larger firms. 4. SBI Magnum Midcap Fund The direct plan’s three-year return was 33.69%, which was higher than the normal plan’s return during the same time frame. The investment trust follows the NIFTY Midcap 150 Total Return Index. 5. Motilal Oswal Midcap 30 Fund The investment goal is to generate long-term capital growth by investing in quality mid-cap firms. This scheme focuses on investing in firms with long-term advantages and growth prospects. 6. Invesco India Midcap Fund The scheme aims to provide long-term financial gain through investments in a portfolio of mid-size companies’ equity and equity-related securities. However, there can be no assurance that the fund’s objectives will be achieved. 7. HDFC Midcap Opportunities Fund To provide long-term capital growth through a portfolio of equities and equity-related securities of small and midcap enterprises. Why Should You Invest in Midcap? Compared to large-cap funds, mid-cap companies have great growth potential. Thus, investing in the best mid-cap fund can benefit you in the long run. These companies are more powerful, specialized, and strong. It enables them to adjust to new technology and market changes more swiftly. It is also crucial to create a diversified portfolio for mutual fund investments that covers a variety of market capitalizations and industries. Midcap funds have an advantage over small-cap competitors even if they might not be as steady as large-cap funds. Small-cap enterprises cannot access as much cash as mid-cap companies. Additionally, their market cap is substantially higher. The finest midcap mutual funds are well regarded for offering greater stability than small-cap funds. You don’t have access to a single stock through a midcap fund. Instead, it gives you access to a selection of midcap equities and other assets in lower quantities. This implies that you don’t need to lose sleep and spend hours reviewing charts to research midcap stocks. The best midcap fund has a reputation for producing higher returns than large-cap funds. The reason is the possibility of the growth of the midcap stocks. Despite being relatively well-known businesses, they are not the top competitors. Due to this, they can take risks and act quickly to produce profitable business judgments. Midcap funds have good potential for long-term growth. Investors who invest in these mutual funds have a good chance of seeing substantial returns. Additionally, midcap mutual funds firms might one day grow to be large-cap firms. They carry moderate risks as they are in the middle of the growth distribution and provide greater returns than large-cap equities. In addition to having a medium capitalization, they also have a greater ability to get loans and weather market storms. Mid-cap companies have transactions at a lower price than large-cap stocks. This allows investors to purchase them at reasonable prices and generate positive returns. Large-cap stocks tend to trade at high prices. Mid-Cap funds are slowly developing a reputation in the industry. By purchasing funds early, investors might earn large profits. Risks Associated with Midcap Funds Mid-cap stocks are more unpredictable because they have smaller capital sizes and are not as long-standing as large caps. They may lag in terms of infrastructure and management. They might collapse in a bad market if they do not maintain the value appreciation. Moreover, the markets are volatile, leading to a financial bubble when some mid-cap stocks produce huge returns. It can create huge losses if the bubble breaks. They may also fall prey to a value trap, in which they may become bankrupt if they continue to function with low profitability and little cash flow. [B-02] Conclusion Investors should remember that a fund’s previous success does not guarantee that it will continue to perform well in the future. Before investing in midcap mutual funds, conduct thorough research. You may also speak with a licensed financial counsellor. In case of any doubt, consult a financial expert like Piramal Finance. Get easy and customised personal loan solutions and sound financial advice. To read more articles like this, visit the Piramal Finance website now!
08-11-2023
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Other

Tips To Help You Get Better At Options And Futures Trading

The Futures & Options (F&O) market is one of the most profitable markets in the world of stocks. But still, it is a bit difficult to understand most traders. The F&O market hasn’t reached its potential till now. In the financial year 2020-21, the daily average volume of the F&O market in India was approximately INR 170 Crores with a value of INR 62,000 Crores. With such a huge volume, this market is still out of the reach of everyday middle-income investors and traders. Now, let’s look at what precisely the F&O market is and how to make profits in this market. Let’s find out the depth of Options and Futures markets! [B-01] What are Options and Futures? The exchange market offers two separate derivatives: options and futures. An investor with an options contract has the right, but not the obligation, to buy or sell stock at a specific price. If the contract is enforceable, this transaction may take place at any time. Futures & Options trading is like a bet made on the cost of any asset or share. Numerous businesses provide this instrument on the National Stock Exchange (NSE) market. In contrast, in a futures contract, unless the shareholder’s position is closed before the expiry date, the buyer must buy the shares (and the seller must sell shares) on a specific date in the future. Categories of Options The options are further categorized into the following two types: Call Options: The holder of the call options has the right but not the obligation to buy a share at a specified price. This is one component of the options in future option trading. Put Options: These are the opposite of call options. Put options are utilized to sell equities. Put options provide traders with the right, but not the obligation, to sell the share at a specified price. This is another component of options in future option trading. Future Option Trading for Beginners: Futures are leveraged products that function in both directions. The seller did not warn you that it also applies to losses, Further, the losses can be magnified when you trade futures. As long as you know that leverage through margins affects both in cases of profits and losses, it is acceptable. If you are an option holder, then your risk gets limited. Because your risk is constrained to the premium you pay, buying options are popular among small F&O traders. Options differ in that they are asymmetrical. For example, the trade is balanced for both sides if “A” buys RIL futures for Rs. 940 and “B” sells these futures. If the price reaches 960, A will benefit by 20 rupees, and B will lose 20. The opposite will be accurate if the stock price falls to Rs. 920. However, the buyer’s loss is capped at the premium regarding options. Still, the seller’s loss can be limitless. At varying times, futures’ margins may increase significantly. Many think that futures have an advantage over cash market purchases since margin purchases allow for leverage. But during volatile times, these margins may sharply increase. Always trade Futures & Options with profit targets and stop losses in place. For all leveraged positions, this is true. Your primary emphasis when trading options and futures is that of a trader, not an investor. Your focus should therefore be on safeguarding your capital. 5 Best tips to get better at Options and Futures Trading Diversify your Portfolio – It’s important to diversify your portfolio as a options and futures trader. You can do so by including assets that complement one another. This ensures that one asset compensates for the loss of another asset. Study your assets – Make sure you fully understand them before selecting them. Examine the past price fluctuations for these assets. Learn about the common reasons for these rises and falls. Most importantly, determine how your selected assets will interact with one another. Stick to your strategy – Create a clear future option trading plan and follow it! Your specific investment goals, risk tolerance for pretty unstable assets, time & tax considerations, etc., should all be considered while developing your trading strategy. Don’t change your approach once it has been created. You heard that right: Try again if the first time is not the charm! Stay Focused, Updated and Informed – To be successful in futures trading, traders must give their holdings their full attention. The numerous futures trading marketplaces are continually evolving and changing. Futures traders must keep informed when these changes take place. New information emerges, and new tactics are being devised as conditions change. Remain updated and keep your plan current to reflect current market trends & analytics for the most outstanding results. Use your resources – Futures trading is one of several topics on which you can find a plethora of information in the digital age. Futures trading demands that its players thoroughly understand the present market and their assets and keep up with it. [B-02] Conclusion Contrary to popular belief, trading futures and options are not as complex as it may seem. Again, though, trading futures, futures & options, and retail off-exchange foreign currency transactions entail a high risk of loss and are not recommended for all investors. You’ll use these cutting-edge financial products better if you properly understand them. Experts from Piramal Finance provide a detailed analysis based on your credit score. You can know your credit score for free on their website. Contact Piramal for a collateral-free personal loan to start your business in options and futures trading!
08-11-2023
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Banking

All you need to know about online banking

Net banking or web banking are the other names used for online banking. With the help of this, your transactions can be done using the internet. You would not have to come up to the bank. Web banking provides all the facilities that your local banks physically offer, like paying bills and transferring and depositing money. Every bank has a net banking site that has various facilities to offer. You can access that via your mobile phone or computer. Your only requirement will be an internet connection. [B-01] What is Net/Internet/Online Banking? Net banking is a facility that allows you to perform banking tasks while sitting at your home or office. These services differ from bank to bank. Not everyone provides the same facilities. However, every bank’s primary facility is quick payment, i.e., paying your bills and transferring money. Some banks also offer ATM cards and the opening of bank accounts through their portal. You can also order a new check, change your address if required, or stop the check’s payment. Banks these days also allow the payment of bills through their online portal. How do Net/Internet/Online Banking work? Account opening: You can open current, savings, salary, and various other types of accounts with the help of net banking. You only need to spare a few minutes from your busy schedule. To open an account, you will need a few things at the very least. Like an internet connection, a mobile phone, and your bank account number. To verify your identity, you will need personal information. Once you get started, you can make quick pay, transfer money, etc. For opening a fresh account in a bank with whom you do not have a previous relationship, you will require all the things mentioned above except the bank account number. And you will be asked for an additional ID for your verification. Payment of Bills: You have used the old way of paying bills, where you must write a check to make payments. But with the help of online banking, you can do this simply by using your bank’s portal. Fund Transferring: If you need to transfer money from one account to another, you can carry out an intra-transfer with the help of net banking. Also, you can transfer funds to friends and family in no time. Just link your account with the bank. Loan Application: As you might know, taking a loan is a long process with tonnes of paperwork. However, it does not always need to be that way. With web banking, this process has become much quicker. You get to fill out the application online. That allows your bank to respond much faster. Certain financial services also provide the facility of making the amount available to you the very day the loan gets approved. You need to fulfil all the criteria for applying for a loan. You can now apply for any loan you desire, like a home loan, renovation loan, business loan, etc. Online Banking: If you have a smartphone, it is easy to check deposits if someone pays you. All you need to do is click a picture of the check using your bank’s mobile app. You can then submit it for payment. This way, you can enable quick payment and do not need to mail the check to the bank. Keeping tabs on transactions: Almost all banks allow you to check your transaction history. You can view the balance there in your account, along with the last payment you made. It also lets you review the statements from the previous month. You can do this all with the help of online banking. Being updated about all the information: Another great benefit of internet banking is that you can turn on alerts. If your bank notices any action in your account, it will send you a notification. In this manner, you can be alarmed if any fraud happens. Online banking also helps you get a notification if your account balance reaches a certain level. This will help to save you from embarrassment when you are about to make a payment somewhere and find out that you do not have enough funds. You can be aware. Why should you consider online banking over the old-school method? If you decide to opt for online banking, you are choosing convenience. A normal bank has off days and has working hours beyond which it will not entertain you. However, with the help of net banking, you can avail of this service 24*7. You can decide to open or even close your accounts. That can be done in a few simple steps. Money can be transferred in no time to your friends and family. This is something you can do wherever and whenever you want or need it. If you need to pay bills, do not worry, as you can make quick payments with the help of your bank’s portal. This also lets you keep tabs on what is happening to your account. You can take the necessary actions. [B-02] Conclusion Finally, to conclude, you can choose to go for online banking over your normal bank because it has a lot of benefits to offer. In today’s time, everyone is busy. So, taking time to go to the bank seems like a nightmare; hence, to make your life a little easier, banks offer you net banking that lets you make quick payments, transfer funds at ease, and much more. You can read more blogs like this on the website of the financial expert, Piramal Finance. Learn more about smart business and personal loan solutions with us.
08-11-2023
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