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Buy Centre Tables Online At The Best Prices

Have you been thinking of buying a centre table for your living room? If you have, then you are in the right place. This article will help you choose the perfect centre table by making you aware of some important things. A centre table can be used as a standalone piece or as an addition to other furniture pieces. The best thing about a centre table is that it can be customised to suit your style and taste. [B-01] The first thing that matters when buying a centre table is its size. It should be neither too big nor too small. The second thing is to choose a colour that matches the rest of your furniture and décor. Third, make sure that it is sturdy enough to withstand any kind of wear and tear without getting damaged easily. Here are the best centre tables online, available at the best price right now. Consider this list to find one that fits your aesthetic the best. Home Centre Clary-Brown Solid Engineered Wood Center Table PriceINR 2,999Product Dimensions45x110x60ColourWalnutShapeRectangleBrandHome CentreSpecial featureStorage Home Centre Clary-Brown Solid Engineered Wood Center Table has a classy design. This table has been made with precision using high-quality materials. The table is available in different sizes, shapes, and designs. It can be used to make your living room or dining room look beautiful. The table is easy to clean and maintain. It can be easily assembled without any hassle. It is ideal for use as an end table as well. You can place decorative items on top of it and use it as a side table for storing books, magazines, or DVDs. You can also use this centre table for placing lamps so that they are within reach when you need them during the day. Vudy Mango Wood Walnut Finish Handmade Carving Classic Side Table for Living Room PriceINR 1,999Product Dimensions36×35.5×36ColourBrownShapeSquareBrandVudySpecial FeatureSpace saving Vudy is a brand that specialises in furniture-making and home decor. Their products are designed to be ideal for any room in your home, be it the living room, bedroom, kitchen, or bathroom. The table features a clean design, which makes it fit seamlessly into any room setting. The simple structure does not require any assembly. It can be directly placed in any small space in the room. BLUEWUD Victor Engineered Wood Rectangular Shape Coffee Table/Centre Table with Storage PriceINR 3,985Product Dimensions44×99.6×45ColourWalnutShapeRectangleBrandBLUEWUDSpecial FeatureStorage The Victor Coffee Table is the perfect addition to your living space. It’s simple, elegant, and functional, with a distressed finish that enhances its beauty. This centre table has ample storage space to keep all your essentials in one place. The main material of this coffee table is engineered wood, which gives it the stunning look of natural wood with none of the maintenance or upkeep required by real wood. The edges are rounded for safety and comfort. It has good storage space, allowing you to keep your magazines, remote controls, books, and other essentials handy. The centre table can be used as a side table or a standalone piece of furniture. Klaxon S Shape Engineered Wood Coffee Table/Centre Table PriceINR 2,061Product Dimensions90x40x40ColourBlackShapeRectangleBrandKlaxonSpecial FeatureSpace saving The Klaxon S Shape Engineered Wood Coffee Table/Centre Table is a modern and contemporary coffee table that has been designed to add a touch of elegance and style to any living room or dining room. The Klaxon collection has been manufactured by skilled craftsmen who have used their experience to create this great furniture item. If you’re looking for a modern centre table, then this piece will be ideal. It’s great for placing in the middle of your living room or dining room, but it can also be used as an end table in smaller spaces. Pranjals house Wood Iron Round Black Hand Painted Coffee Table PriceINR 4599Product Dimensions60x45x45ColourBlackShapeRoundBrandPranjal’s HouseSpecial FeatureAntique This Pranjals House Wood Iron Round Black Hand Painted Coffee Table is a beautiful piece of furniture that will add a touch of class to any living space. The table is made out of solid wood, which is sturdy and durable. It has a round shape and has been hand-painted in black, giving it a unique look. The table can be used as a coffee table to store things like magazines and books. This table also makes an excellent gift item for someone special. The top surface is made of wood and has an iron frame below it, which makes it look very attractive. This table can be used in your living room or bedroom, as well as in your office area. It can also be used as a decorative piece on your patio or garden when you are having guests over for a party or just hanging out with your family members at home. Overall Best Centre Table Online at Best Price The Klaxon S Shape Engineered Wood Coffee Table/Centre Table is overall the best centre table available online. The wood is of high quality, and the design is simple yet elegant. The table has a great price as well, which makes it an excellent choice if you are looking for a good-quality centre table at a reasonable price. [B-02] Last Words When searching for the best centre table, make sure that you consider your requirements. How many people will be sitting around your table? What type of furniture do you have in your home? These are all questions that need to be answered before you purchase a centre table. Read more blogs like this on the Piramal Finance website to learn more about our financial products and services, especially those about personal loans, credit cards, and financial calculators.

08-11-2023

Dream Mobile

Upcoming Mi Mobile Phones in 2022 with Price

It’s 2022, and mobile phones are so advanced that they can almost do everything. Technology improves people’s lives in huge ways, and to meet this ever-growing demand for better mobile phones, there are now a lot of brands and models. Xiaomi is a well-known brand that makes high-end phones sold all over the world. The brand recently announced its upcoming mobiles to compete with the market. Mi mobile phones are a great choice for anyone looking for some of the best and most powerful smartphones. To know more, check out the list of upcoming mobiles from Xiaomi. [B-01] Budget Range Redmi Note 11 SE 5G Xiaomi’s Redmi Note 11 SE 5G is a new Redmi phone that meets every user’s needs. The screen is very stunning, and the hardware is quite reliable. The Xiaomi Redmi Note 11 SE 5G will most likely come out on November 23, 2022. This device will come in a lot of different colors. Specifications: Display: 6.5-inches IPS Processor: Mediatek Dimensity 700 Chipset RAM: 4 GB Storage: 128 GB Camera: 48 MP dual rear camera set-up and 8 MP front camera Operating System: Android v12 Connectivity: 5G, Dual VoLTE support, Bluetooth v5.1, USB type-C Battery: 5000 mAh battery with an 18W fast charger Redmi Note 11R The Redmi Note 11R is one of the best phones coming out soon. It has most of the features that people want in a smartphone. The device has a powerful battery and a 5G processor. Its RAM pair technology makes it easy and stable for users to play games. Specifications: Display: 6.5-inches IPS and 90 Hz refresh rate Processor: Mediatek Dimensity 700 Chipset RAM: 6 GB Storage: 128 GB Camera: 13 MP triple dual camera set-up and 5 MP front camera Operating System: Android v12 Connectivity: 5G, Dual VoLTE support, Bluetooth v5.2, USB type-C Battery: 5000 mAh battery Upper Mid-Range Xiaomi Civi 2 The Xiaomi Civi 2 has a lot of great features. These include a 120Hz screen, a Snapdragon processor, a massive battery, and much more. It has an OLED screen, making it ideal for binge-watching movies and playing video games. The device’s Dolby Atmos stereo speakers make it a treat for music lovers. Specifications: Display: 6.5-inches OLED Processor: Snapdragon 7 Gen 1 RAM: 8 GB Storage: 128 GB Camera: 50 MP Triple rear camera set-up (50MP+20MP+2MP) and 32 MP dual front camera Operating System: Android v12 Connectivity: 5G, Dual VoLTE support, Bluetooth v5.1, USB type-C Battery: 4500 mAh battery with 67W fast charger Redmi Note 11T Pro Plus The Redmi Note 11T Pro Plus 5G has many exciting features like high refresh rates, dual 5G support and AI cameras. This new Redmi mobile is a great choice for a smartphone. It is one of the best upcoming mobiles. It has a lot of internal storage space, robust hardware and 120W fast charging. Specifications: Display: 6.5-inches IPS with a 144 Hz refresh rate Processor: Mediatek Dimensity 8100 Chipset RAM: 8 GB Storage: 128 GB Camera: 64 MP triple rear camera set-up (64MP+8MP+2MP) and 16 MP front camera Operating System: Android v12 Connectivity: 5G, Dual VoLTE support, Bluetooth v5.3, USB type-C Battery: 5080 mAh battery with 120W fast charging Redmi K50 Ultra Redmi K50 Ultra is a good choice for those who need to work quickly, correctly, and on time. Its eye-catching display and powerful battery will perform well. The device is also the best choice for taking pictures and having fun. It is the best Redmi phone on the list of upcoming Mi phones. Specifications: Display: 6.67-inches AMOLED Processor: Snapdragon 8 Gen 1 RAM: 8 GB Storage: 128 GB Camera: 108 MP Triple rear camera set-up (108MP+20MP+2MP) and 20 MP front camera Operating System: Android v12 Connectivity: 5G, Dual VoLTE support, Bluetooth v5.2, USB type-C Battery: 5000 mAh battery with a 120W fast charger Premium Range Xiaomi 12T Pro 5G The Xiaomi 12T Pro 5G is an impressive piece of technology. It has smart camera features, beautiful graphics, and long battery life. The high-powered chipset and 8GB RAM all work together to give customers the best experience possible. Specifications: Display: 6.67-inches AMOLED Processor: Snapdragon 8 Gen 1 RAM: 8 GB Storage: 128 GB Camera: 200 MP Triple rear camera set-up (200MP+8MP+2MP) and 20 MP front camera Operating System: Android v12 Connectivity: 5G, Dual VoLTE support, Bluetooth v5.2, USB type-C Battery: 5000 mAh battery with a 120W fast charger Xiaomi 12S Ultra The Xiaomi 12S Ultra is one of the best high-end upcoming mobiles for business use. The device’s hardware and software make it a full-fledged entertainment center. It has a good camera system with many helpful upgrades. The expected release date for the Xiaomi 12S Ultra is November 20, 2022. The phone will come in several different colors. Specifications: Display: 6.73-inches AMOLED Processor: Snapdragon 8 Plus Gen 1 RAM: 8 GB Storage: 256 GB Camera: 50 MP Triple rear camera set-up (50MP+48MP+48MP) and 32 MP front camera Operating System: Android v12 Connectivity: 5G, Dual VoLTE support, Bluetooth v5.2, USB type-C Battery: 4860 mAh battery with a 67W fast charger Xiaomi Mix Fold 2 5G The Xiaomi Mix Fold 2 5G is a great phone with a large, responsive screen. So, people can use the product for a wide range of tasks at home and on the go. It stands out because of its 256GB of internal storage and 67W Fast Charging battery. Specifications: Display: 8.02-inches AMOLED with 120Hz refresh rate Processor: Snapdragon 8 Plus Gen 1 RAM: 12 GB Storage: 256 GB Camera: 50 MP Dual rear camera set-up (50MP+13MP) and 20 MP front camera Operating System: Android v12 Connectivity: 5G, Dual VoLTE support, Bluetooth v5.2, USB type-C Battery: 4500 mAh battery with a 67W fast charger Price List & Expected Launch Dates Upcoming Mi MobilesExpected Launch DateExpected PriceRedmi Note 11 SE 5G23 November 2022Rs. 11,690Redmi Note 11R29 December 2022Rs. 12,590Xiaomi Civi 224 November 2022Rs. 27,290Redmi Note 11T Pro Plus17 November 2022Rs. 23,290Redmi K50 Ultra7 December 2022Rs. 35,390Xiaomi 12T Pro 5G15 December 2022Rs. 60,490Xiaomi 12S Ultra20 November 2022Rs. 70,690Xiaomi Mix Fold 2 5G20 November 2022Rs. 1,06.290 [B-02] Wrapping Up Xiaomi is one of the most well-known and prominent brands in the smartphone market. Since 2010, the company has made various smartphones at different price points. Some of the hardware in the MI phones is high-performance, like the Qualcomm Snapdragon chipset. Also, Xiaomi is known for having affordable prices. It has many modern features, like high-quality cameras, fast charging, immersive screens, and long battery life. This list of upcoming mobiles will help users pick their favourite smartphone. Piramal Finance is a great financing option for those who want to buy a new phone. Visit their website to learn more about the products and services they offer, such as personal loans, EMI, credit cards, etc.

08-11-2023

Dream Mobile

Upcoming Samsung 5G Mobile Phones In 2022

When it comes to smartphones, Samsung is a popular choice in the Indian market. Offering phones in every range, Samsung phones come with great specs, premium looks, and an excellent user experience. Long-lasting battery, expandable memory, fast processors — they have it all! However, with rapidly changing technology, selecting the best phone for yourself can be difficult. With the 5G network rolling out in India, everyone wants an upgrade. That is why we have curated this list of upcoming Samsung 5G phonesfor you to choose from, along with expected prices, specifications, and other details. [B-01] Samsung Galaxy A23 5G While there is already a Samsung Galaxy A23, its upgraded version, the Samsung Galaxy A23 5G is yet to be launched. The phone will feature a 6.4-inch HD+ display. To enhance the user’s viewing experience, it is rumoured to have a 20:9 aspect ratio and a screen-to-body ratio of 82.68%. The Galaxy A23 5G will have four cameras, including a 50MP primary camera. Specifications: Display: 6.4-inch, HD+ display Processor: Qualcomm Snapdragon 695 (octa-core) Ram: 6GB Storage: 128 GB with microSD, Up to 1 TB (Dedicated) Battery: 5000 mAh Cameras: Quad camera rear (50MP, 8MP, 2MP, 2MP) and a 13MP front camera Connectivity: Wi-Fi, 5G, Bluetooth 5.1, 4G VoLTE, USB OTG, and GPS with GLONASS. OS: Android 12 with One UI Price: INR 24,390 (expected) Samsung Galaxy M23 5G Samsung Galaxy M23 5G is another upcoming Samsung 5G phone in India. It features a 6.4-inch AMOLED display with a water-drop notch at the top. The phone will have a 20:9 aspect ratio and a 412 PPI pixel density. There is a side-mounted fingerprint sensor and face unlock support. This Samsung 5G mobile comes with a 5000 mAh battery that supports 25W fast charging. Specifications: Display: 6.4-inch AMOLED, Full HD+ Resolution Processor: Qualcomm Snapdragon 750G (octa-core) Ram: 6GB Storage: 128GB with microSD, Up to 1 TB (Dedicated) Battery: 5000 mAh Cameras: Triple camera rear (50MP+8MP+2MP) with an 8MP front camera Connectivity: 4G VoLTE, 5G, Wi-Fi 802.11 b/g/n/ac, Bluetooth v5.1, GPS, OTG support, and a USB Type-C port. OS: Android 12 with One UI Price: INR 21,999 (expected) Samsung Galaxy Xcover 6 Pro Another Samsung 5G mobile that features great cameras and expandable storage. The phone has a 6.6-inch PLS LCD screen with a 20:9 aspect ratio and 400 PPI pixel density. With a Qualcomm Snapdragon 778G processor and 6GB of RAM, the phone offers smooth performance. For its graphical performance, the phone uses an Adreno 642L GPU. Specifications: Display: 6.6-inch PLS LCD Processor: Qualcomm Snapdragon 778G (octa-core) Ram: 6GB Storage: 128GB Battery: 4050 mAh Cameras: Dual camera read (50MP+8MP) with a 13MP front camera Connectivity: dual-SIM support, 5G, 4G VoLTE, Wi-Fi, Mobile Hotspot, Bluetooth v5.2, GPS, A-GPS with Glonass, an infrared sensor, and a 3.5mm audio jack. OS: Android 12 with One UI Price: INR 51,990 (expected) Samsung Galaxy S22 FE 5G The Samsung Galaxy S22 FE 5G can be a game-changing Samsung 5G phone in India. It is rumoured to come out with a 6.4-inch Dynamic AMOLED display with 411 PPI pixel density and a punch-hole design at the top. There will be a triple camera (rear) setup with 8 GB of RAM and a 120 Hz refresh rate. This Samsung 5G phone also features a 32MP front camera. It will be a great choice for people who click a lot of selfies, take video calls, or record videos from their front camera. The phone might get an IP68 rating, making it dust- and water-resistant. Specifications: Display: 6.4-inch Dynamic AMOLED display Processor: Samsung Exynos 2100 (octa-core) RAM: 8 GB Storage: 128 GB Battery: 4200 mAh Cameras: Triple camera rear (12MP+8MP+12MP) with a 32MP front camera Connectivity: Wi-Fi, 5G, Bluetooth 5.2, 4G VoLTE, USB OTG, NFC, and GPS with GLONASS. OS: Android 12 with One UI Price: INR 51,999 (expected) Samsung Galaxy F44 Galaxy F44 is a budget Samsung 5G mobile soon to be launched in India. It will feature a 6.4-inch Super AMOLED display. There will be a triple rear camera setup with a 32-megapixel front camera, making it an excellent choice for selfies, video calls, and video shoots. Packed with 8 GB of RAM, 128 GB of internal storage, and a 6000 mAh battery, the phone will surely be a highlight among Samsung 5G phones in India within this price range. It will have a rear-mounted fingerprint scanner and a face unlock feature as well. Specifications: Display: 6.4-inch Super AMOLED display Processor: Samsung Exynos 9 Octa 980 (octa-core) Ram: 8GB Storage: 128 GB Battery: 6000 mAh Cameras: Triple camera rear (64MP+8MP+5MP) with a 32MP front camera Connectivity: Wi-Fi, 5G, Bluetooth 5.2, 4G VoLTE, USB OTG, and GPS with GLONASS OS: Android 12 with One UI Price: INR 11,990 (expected) [B-02] Conclusion Based on your usage, requirements, and budget, you can choose any of the mentioned Samsung 5G phones from the list. We have included phones based on price range, camera performance, battery usage, and other extraordinary features. Many new Samsung 5G phones will soon be coming out on the market. There will even be upgrades for pre-existing series, like the A series and the M series. So, buy your next smartphone accordingly! For simple financial solutions, you can head over to Piramal Finance and learn more about the services and offerings, such as personal loans, EMIs, credit cards, and more.

08-11-2023

Other

Online Lump Sum Investment Plan Calculator

If you plan on investing your money in a mutual fund, there are two options available, i.e., systematic investment plan (SIP) and lump sum investment. In SIP, you invest a fixed amount every month in the mutual fund, whereas under the lump sum option, you invest a huge amount in one go. Many investors prefer the lump sum mode as it is a simple method. If you are also looking to make a lump sum mutual fund investment, using a lumpsum investment calculator will be useful. Using this tool will help you know your investments in a better way. Read on to learn more about using a lumpsum calculator. [B-01] Benefits of Lumpsum Investment Many investors choose lumpsum investment as their preferred option because it is effortless. Though, there are many other benefits of the lumpsum investment that you must know about. Some of the best benefits are listed here for you: Easy to understand: Unlike a SIP, in a lumpsum investment, you do not need to have deep knowledge of finance. It is simple to learn and takes only some basic skills to execute. You can use this option even if you are new to investments. Last-minute tax savings: Lumpsum investment in ELSS schemes allows you to save on your income tax. Under Sec 80C of the Income Tax Act, 1961, you can avail of tax deductions of up to Rs. 1.50 lakhs for investing in ELSS mutual funds. Good returns: As you invest this amount as a lump sum, you earn interest for the entire year. This benefit enables you to earn a good return on your money, helping you create wealth for the future. Long-term investment: You can use this option to plan long-term investments. It is an ideal option for investors who want a longer tenure. Simple to invest: In lumpsum investments, you do not need to keep a track record of the dates like SIP. Here you can invest the money as and when you like. No penalties can be levied in case of any delays. Easy to calculate: You can easily calculate key aspects of your investment in the case of lumpsum investment as compared to SIP. There is no need for complex formulas to complete the calculations. What is a Lumpsum Calculator? A lumpsum investment calculator is a free online tool that helps you check the returns you can make on your lumpsum investments. It is widely used for planning lump-sum mutual fund investments. Having a simple interface, a lump sum SIP calculator enables you to enter basic details to get useful details on planned investments. Some details required in a lumpsum calculator are the investment amount, period, and annual rate of return. Within a few seconds, the calculator will provide the required data on the screen. You can then make your decision based on this information. How to use a Lumpsum Investment Calculator? Before you use a lump sum SIP calculator, it will be useful to know how to use a lumpsum calculator. Only some basic details are required to get the desired information. Here are the steps you must follow to use this lumpsum investment calculator: – Log on to your preferred online platform or mobile app featuring a lumpsum calculator. Click on the link for the lump sum SIP calculator. Firstly, you must enter the amount you want to invest as a lump sum. Then, you must enter the duration for which you need to invest the money. Now, you should enter the expected rate of interest. You will now see the required details on your screen in the form of the total amount and interest earned during the period. You can see the results in table or graph form on some platforms. Benefits of Using a Lump Sum Calculator With the help of a lumpsum investment calculator, you can quickly check your future wealth. It is an effective way to plan your investments to ensure stable finances. Using this calculator will offer you every important detail in a few seconds. Some of the benefits of using a lump sum SIP calculator are listed here: – Easy to use: – Online lumpsum investment calculator is very easy to use. You do not need any previous financial knowledge to use it. You also do not need any expertise in lump-sum calculations to enjoy the benefits on offer. Ease of access: – You can use a lumpsum calculator as per your choice, as many platforms offer this service. You need an internet connection to use this tool as and when required. Quick calculations: – Lumpsum calculator will show you the results in a few seconds. You need to provide some basic details to get the results. This helps you plan your investments in a better way. Select a suitable option: – Many investors use this tool to identify the most suitable mutual fund for their future needs. They use the mutual fund’s average returns over five years to see if it will help them meet their goals. Set financial goals: – Online lumpsum investment calculator can help you set your financial goals in a better manner. This tool allows you to adjust parameters to create the best combination for your needs. [B-02] Conclusion Lumpsum investment is a good option for all investors new to savings. With basic knowledge of savings and investments, you can start your journey with lumpsum investment. In the case of mutual funds, it is a common approach that many investors use. If you are also keen on making lumpsum investments, use a lumpsum calculator to plan your finances. This will help you from making any rash decisions.

08-11-2023

Bonds

What is a zero coupon bond? How does it work?

A zero coupon bond is a debt instrument that does not pay interest to the buyer. Instead, it comes at a discount and provides profit at maturity. Additionally, it is redeemable at face value. It falls under the fixed-income securities segment. This bond provides higher returns than regular bonds because of the yield curve. Further, the interest income you earn from zero bonds is free from taxation. If you’re wondering why to invest in a coupon bond, it is because various bonds provide regular interest payments to investors. So we will understand zero bonds in detail in this article. Read on. [B-01] Advantages of the zero coupon bond You need to understand the advantages before investing in a zero coupon bond. They are as below: Fixed Return It is the right choice for an investor who prefers long-term investment or want to earn a lump sum amount. Further, it assures a fixed return to investors till the maturity period. No reinvestment risks It does not have reinvestment risk as the bond does not pay interest regularly. Moreover, investors do not receive any cash flow. And they have to reinvest regularly. The rate they receive per year on a zero coupon bond is the same rate their money goes for in the reinvestment. It is the reason that investing in zero coupon bonds is beneficial to investors. This bond is a popular investment option when the market yield is high. Trade-in secondary market The investor can buy and sell these bonds in the secondary bond market. And they can do so before the maturity period at prevailing market rates. Low investment It is a discounted financial instrument. The value of the investment is small, which is affordable for investors who need to invest less money. Limited risk There is a limited risk when a person invests money in these bonds. Predictable returns The returns that investors receive on zero coupon bonds depend on their types. Some of the types are maturity, face value, and discounted face value. Investors can predict the returns of their investment in these bonds. Disadvantages of zero coupon bond Risk of Interest rate If the investors sell the bond before its maturity date, they may face the risk of a lower interest rate. It is because the bond value is proportionate to interest rates. It means that when the market value of a coupon falls, the rate rises. Further, the issuers can redeem the bond before maturity when the rates fall. Liquidity The bond can get liquidity. As a result, investors have to compromise on a fair price when they need funds in an emergency. The risk depends on the time duration If you buy a long-duration bond, the chances that the rate of interest will change may be high. While for a short duration, there are fewer chances of change. Income is taxable Bonds issued by REC and NABARD are taxable. Additionally, it is treated as a capital gain income. Thus the income you earn from coupon bonds is taxable during its maturity. Income is not regular You will not get a regular income of interest when you invest in the bond market. Instead, you will get the return as a lump sum on the maturity date. Trust issue The maturity period of a bond is 10, 15, or more years. It is a long-term investment that builds trust issues in the mind of investors for their investment. What is the investment time horizon for bonds? A zero coupon bond is a long-term debt instrument. Hence it is suitable for investors planning their retirement and other long-term goals. Further, they have a lower price than those available for trade on the stock exchange. Who should invest in a zero coupon bond? A zero coupon bond is suitable for those who can wait a long time to redeem the bond. If they wait for the maturity time, they get more benefits. They are ideal for investors planning for education, marriage, and retirement funds. A zero coupon bond is suitable for those who can not follow market trends. Those who like to invest and forget can also invest in this bond. Investors looking to add diversity to their portfolio can opt for this type of bond. It is also suitable for a guaranteed return at the end of the term. It is the right fit for those who want to invest their money in a long-term investment plan. Is a zero coupon bond different from a regular bond? You purchase zero bonds at a deep discount rate from the bond’s face value. As a result, you earn a good amount as returns. They have a higher return than regular bonds with the same maturity period because of the yield curve. In other bonds, the obligator has to pay interest to the bondholders. While in a zero coupon bond, they do not need to pay interest. Is investing in coupon bonds safe in India? It is a safe source of investment for fixed income and gets a good return on maturity. What amount should you invest in zero bond market securities? When you want to invest in zero bond securities, decide based on risk, reward capacity, and other crucial factors. [B-02] Conclusion Investing money in a zero coupon bond is ideal for those planning long-term investments. It is also suitable for people who want to get a fixed return for a purpose. Retirement, children’s education, and marriage are some examples. Furthermore, the investment amount is low. Additionally, you do not receive interest payments on a coupon bond. Investors need to pay taxes after the bond matures. It is capital gain taxable income. It’s not suitable for an investor who wants to earn money for a short duration due to the longer maturity terms. We hope this article answers your questions about the zero coupon bond. To know more about investment schemes, visit the Piramal Finance website. We can help you with better knowledge of financial products and services, especially credit cards and personal loan.

08-11-2023

Other

How Is EMI Calculated for an Education Loan?

The principal and interest components of EMIs are combined for an equated education loan. It refers to the monthly sum you will pay until the loan is repaid. Typically, the EMIs are set for the duration of the student loan. A significant amount of your initial student loan repayment is allocated to the interest component of the loan. As you go, a more significant part of your repayments will be applied to the principal portion of your student loan. Given the escalating expense of school, you might need more money to give your kids a good education. You might even want to send them for more expensive further education abroad. To provide your children with an excellent education, whether in India or abroad, you can apply for an education loan through a bank or an NBFC. Starting the first month, you are exempt from making monthly payments on your student loan EMIs. Even after you finish the educational course, you still have to pay for it. The loan covers a caution deposit, accommodation costs, travel costs, and even the cost of a computer or books. Up to INR 4 lakh in collateral-free education loans are available from banks. [B-02] What is an education loan calculator? An education loan EMI calculator is a tool that displays the monthly payments you must make to the lender. An education loan EMI calculator will provide your EMIs in seconds once you select the loan amount, interest rate, and loan term. The money you borrow, the rate of interest the bank charges, and the loan length all affect the EMI you must pay. The education loan calculator will display the precise monthly payments if you provide proper information. A formula box with three sliders that display the loan amount, tenure of the loan, and interest rate make up the education loan calculator. The principal and interest repayment amounts are broken down into monthly installments under the amortization plan. In seconds, you can see clearly how much of your student loan debt you have paid off and how much is still owed. How does an education loan calculator work? The following mathematical method can be used to determine the amount of your student loan EMI: [P x R x (1+R)N)/[(1+R)N-1]]. P is the principal amount, R is the interest rate, and N indicates the years you have been allotted to repay the debt. The period is measured in terms of months because EMIs are paid every month. To determine the amount of your EMI, follow these steps: Choose the loan amount using the slider. The loan tenure then has to be set in months. Pick the interest rate by sliding the slider. The education loan calculator displays the amount due, interest, and EMI due. Change the input sliders at any moment to recalculate your EMI. Moving the sliders will instantly compute your EMI. In seconds, an online education loan calculator will display your EMIs. You can see how much EMIs you will have to pay each month. It assists you in creating a spending and saving plan for your financial objectives. You may see the education loan EMIs you have previously paid off on the amortisation schedule. Additionally, you gain knowledge of the student loan’s principal balance, making it easier to plan your finances. The convenience of your home or any other location is no barrier to using an education loan EMI calculator. Things to Remember While Getting an Education Loan The majority of institutions demand an extra cost for processing student loans. The applicant or co-applicant must pay this fee and be included in the loan application. This cost might be as little as 1% of the loan’s principal or not charged. The processing charge should always be confirmed with your lending bank or in the relevant loan documentation. The processing costs are not factored into the education loan EMI calculator calculations. The Bottom Line The EMIs for a specific duration and interest rate can be calculated in seconds. Four accessible quantities are provided as the basis for calculation. You can enter several values in the boxes that need to be filled out after calculating the EMI for the education loan. These values include the loan tenure, the interest rate for the education loan, and the principal amount you want to choose. Thanks to this feature, you can experiment with various loan possibilities, which aids in their comprehension of the numerous configurations you have to choose from. This way, you can select solutions that best suit your needs and not put too much strain on loan payback. Now that you know how an EMI can be calculated using an education loan calculator, you can go to the official website of Piramal Finance and utilize the consumer-focused education loan calculator online.

08-11-2023

Business Loan

How to Check Your Cibil Score for a Business Loan

The CIBIL score or credit score is very important to consider while applying for a business loan. This score is required by banks, non-banking financial corporations and other financial institutions to assess your creditworthiness and chances of repaying a loan. A high CIBIL score indicates that you are a good credit risk and will confer benefits such as lower interest rates on loans. The CIBIL score is calculated using information from more than 6.5 billion records of loans and credit cards held by thousands of Indian lenders across the country. [B-01] Minimum CIBIL score needed for business loans All banks and financial institutions use the CIBIL score to evaluate your eligibility for a loan and decide the rate of interest that would apply to it. To get a business loan, you will have to maintain a good CIBIL score. But what is the minimum CIBIL score required for getting such a loan? The answer to this question depends on various factors such as your occupation and nature of business, the type of bank you approach for the loan, and more. For a collateral-free business loan, you will need a credit score of at least 700. When applying for a secured business loan, however, the loan can be approved for a lower CIBIL score, of 600 to 700. How to check your CIBIL score for free It is easy to check your CIBIL score online by following the steps below. Ensure all the information you enter is correct to get the right results. For a free CIBIL score check, visit the official website of TransUnion CIBIL, the company in charge of generating CIBIL scores. Select the ‘Get your CIBIL Score’ option. Enter your name and email address, and create a password to log in to your account. You will also need your identification documentation details (such as your PAN card number, passport number, voter ID or Aadhaar number) along with your pin code, birthdate, and phone number. Click on the ‘Accept’ button to proceed. You will receive an OTP on your registered phone number. Enter this OTP and click on the ‘Continue’ button. Go to the dashboard to check your CIBIL score. You will be redirected to the results page. You can now view your CIBIL score. How to get a good CIBIL score for business loans The credit rating of a business is one of the main aspects lenders look at when deciding whether or not to issue a loan. If a business has a high CIBIL score, it means that they are more likely to pay back debts on time and in full. This can help them get better rates on loans and may even help them get approved for loans that they wouldn’t have otherwise been able to get approved for. There are several ways that you can improve your business’s CIBIL score: 1. Check your credit report and dispute any errors If there are any errors in your credit report, you can file a dispute with the credit bureau or the agency that issues your credit report. Your creditors may be able to help you resolve these issues and get your CIBIL score back on track. 2. Keep your accounts active This will help you improve your score in case of any future defaults by improving your credit history. Always keep your utilities and telephone accounts active, as well as all other outstanding loans with banks or financial institutions. 3. Don’t open new accounts unless it’s absolutely necessary You can avoid the situation of being denied by opening a new account, but it’s better to wait until you have a sufficient balance in your existing accounts. The reason is that if you open a new account with a large amount, then there is a possibility that your CIBIL score will go down due to a large number of transactions. Factors affecting CIBIL scores for business loans The CIBIL company score is a measure of the creditworthiness of your organisation. It is calculated by a computerised algorithm based on your past and current financial transactions, including loans, debts, bills and payments. You can check the score with the help of various credit facilities. The CIBIL company score is calculated based on various factors such as: Payment history: This is the first and most important factor in determining your CIBIL score. If you have a good record of timely payment of bills, you will get a better score. Credit utilisation ratio: Your credit utilisation ratio is the percentage of how much credit is being used by you as compared to your total credit limit. In case you are using more than 80% of your available credit limit, then it will negatively affect your CIBIL score. New credit: Every time you apply for a new loan or credit card, it will affect your CIBIL score. So, try to avoid applying for new loans as much as possible if you want to maintain a good CIBIL score. Late payment history: Late payments not only affect your current CIBIL score but also all future scores as well (even after paying off all dues). So, ensure you make all payments on time without fail! [B-02] Conclusion The importance of CIBIL scores can not be overstated. The integrity of CIBIL scores reflects transparency in financial dealings, which is a crucial aspect of business transactions these days. A good CIBIL score can help a business strike the right deals with well-wishers and raise money at reasonable rates. On the other hand, a bad CIBIL score often becomes a daunting task for banks to deal with. So, if you are interested in raising capital for your business or even floating your company’s shares, first ensure your CIBIL score is free of malpractices. Remember, you can always check your CIBIL score for free online. Are you looking for similar finance blogs? Visit the Piramal Finance website and help yourself to the knowledge of wide-ranging financial products and services, especially credit card scores, mutual fund investments and personal loans.

08-11-2023

Mutual Funds

Investing in Equity Funds: Everything you need to know

You must know about equity fund investment schemes if you are familiar with mutual funds. But if this is your first time investing, understand that equity funds should be your top choice. They are the key to reap the most benefits. A mutual fund is a financial arrangement where several investors pool their money to buy shares. A fund manager is usually in charge of it. Mutual funds cater to a variety of individuals with varied investment objectives. But, before you invest in a plan, there are certain conditions you need to consider. They are – your investment goal, asset allocation, investment horizon, and risk-taking ability. An individual with a higher risk-taking capability can best enjoy equity funds. Equity funds may be volatile in the short term but provide higher returns in the long run. The rule is – the fund manager invests in company stocks across market capitalisation. The reason why they are also called stock funds. [B-01] What are the types of equity funds? Based on market capitalisation, we can categorise equity funds into: Large-Cap Equity Funds: A fund manager invests at least 80% of the capital in shares of a large-cap company. Mid-Cap Equity Funds & Small-Cap Funds: These need an investment of 65% of the total capital. It applies to both Mid-Cap and Small-Cap companies. Multi-Cap Equity Funds: It invests 65% of the resources in equity shares. The resources are not spent only on the equity shares of a single company but on a mix of Small-Cap, Mid-Cap, and Large-Cap companies. The varied nature of the portfolio decreases the risk percentage to an extent. Its ability to cut back losses makes it one of the best mutual funds to invest in, in the market. What are the benefits and features of investing in equity funds? Higher returns: Investors often go for debt mutual fund schemes since they are low-risk. Yet, an equity fund is the best option for creating wealth. An individual can get a wide profit margin by staying invested for five years at the least. Diverse portfolio: Equity funds invest in companies across market capitalisations. Hence, shareholders have an option for a diverse portfolio. Investors consider it one of the best mutual funds to invest in the market. If one company suffers losses, it would not have much effect on the shareholder. The reason is there are several investments in different companies. Nominal investment costs: Individuals can invest in equity shares at a price as low as five hundred rupees per month. As per Systemic Investment Plan or the SIP, the shareholders can invest a small amount of money. It takes place at an allotted time each month. They do not need to make a significant investment all at once. It is best for first-time investors: Individuals new to the mutual funds market can go for equity fund investment schemes. Professional fund managers manage the proceedings of the funds. The shareholder only needs to lay down their investment goals or objectives. The responsibility of SEBI: The Securities and Exchange Board of India (SEBI) ensures transparency of financial activities. The shareholder can see the performance graph of a particular mutual fund. They can assess the data and make decisions according to that. Limit to the expense ratio: Regular buying and selling of stocks is a common practice in equity funds. Such transactions can affect the expense ratio rate. To that end, the SEBI has put a limit to the expense ratio of equity funds at 2.5%. What are some of the best mutual funds in India? Regarding best equity mutual fund schemes, there are many options at your disposal. While choosing a plan, keep in mind its expense ratio. At times, the fund age affects its performance. As per reports, newer funds may perform better than older ones. Quant tax plan direct growth – As per ET Money, this scheme has always served well. It is an ELSS-type mutual fund plan with an expense ratio of 0.57%. Launched in January 2013, its fund age is nine years, and eight months. Quant Active Fund Direct-Growth – It is a multi-cap mutual fund scheme. This mutual fund investment plan has an expense rate of 0.58%. The fund age is nine years, eight months. Ideal for investors with at least a three-year investment window. Canara Robeco Bluechip Equity fund. The scheme is a large-cap mutual fund investment plan with a 0.38% expense ratio. Its fund age is around nine years, eight months. It is ideal for you if your investment horizon is more than five years. Nippon India Small-cap fund. It is a small-cap fund scheme launched in 2013. It has a fund age of nine years and eight months. It is pretty volatile but also provides a high rate of returns. The mutual fund has an expense ratio of 1.02%. Axis Mid Cap Direct Plan-Growth – It is a mid-cap fund with an expense ratio of 0.54%. Mid-cap funds, it is less risky and volatile than small-cap funds. Coming to returns, it is slightly lower than small-cap mutual funds. The fund age is nine years and eight months. [B-02] Conclusion Once you are aware of the types of equity funds that are available, you can start investing. Always remember that equity funds are ideal if you want to make long-term investments. They are prone to volatility. And hence, equity funds are not recommended for investment periods shorter than five years. Do you want professional advice about mutual fund management? Get in touch with professionals at Piramal Finances to find some of the best mutual funds in India. Our group of experts can help you meet your investment objectives and aid you with personal loan requirements if any.

08-11-2023

Electronics

Everything To Know About Air Conditioners (AC)

In warmer places, most homes have air conditioning. Some people may think of air conditioning as a luxury, but for many people, it is a necessity. In a tropical country like ours, where the average temperature rises daily, spending money on a good air conditioner is a good idea. But, like any other technological product, there are many options on the market, making it hard for a customer who has never bought an air conditioner before to choose the right one. But don’t worry, we’ll take care of it. Here are some things you should consider before buying an air conditioner. There are also well-known brands like Bluestar AC and O General AC, which we have included in this article. [B-01] Things to consider when buying an air conditioner Make sure you get the correct air conditioner for your home. The type of air conditioner you need depends on your needs, the design of your home, and your financial constraints. It would be best if you first choose between a window air conditioner, a split air conditioner, and a portable air conditioner. Benefits of Window AC Inexpensive Very good at using energy Simple to set up Doesn’t take up floor space Very good for extra cooling Versatile for use all year long Almost portable It can be used in a lot of places Benefits of split AC Simple to set up Outdoor units don’t look bad There are no windows needed Affordable Easy to take care of Peaceful to run Benefits of Portable AC Easy to install Moveable Require small space Less expensive Various functions Better quality air You Bring it along on road trips AC load capacity Before you buy an air conditioner, you should figure out how many square feet you need to cool. This will help you choose the right one. In India, air conditioner capacity is measured in tonnes, and the ratio of tonnes to square feet depends on the size of the room. In this case, a 120-140 square foot room should have a 1-tonne air conditioner. A 1.5-tonne air conditioner is good for a room between 150 and 180 square feet, while a 2-tonne unit is good for a room between 180 and 240 square feet. Amount of energy used Before making a final choice, check the Star Rating, which shows how energy efficient your AC is. Air conditioners with five stars use about a quarter less electricity than those with three stars. A high number of stars means that your air conditioner is very efficient and won’t use much energy to keep the room at the right temperature. Keep in mind that, on average, air conditioners with more stars cost more. Even though a 5-star air conditioner will cost more upfront than a 3-star unit, the money you save on your monthly electricity bill will make up the difference quickly. Price Once upon a time, air conditioners were considered a luxury. But as the world has gotten warmer, its popularity has gone through the roof, making it a highly sought-after good. A modern air conditioner can be bought at a price most people can afford. It costs between Rs. 25,000 and Rs. 35,000 for one tonne of air conditioning. But you can get a 1.5-ton AC for between Rs. 30,000 and Rs. 45,000 and a 2-ton AC for between Rs. 40,000 and Rs. 52,000. You’ll have to spend a little more money to get an inverter model. ACs from a few reputable companies Blue Star 1.2 Ton 3 Star Inverter Split AC The inverter compressor in Blue Star AC automatically adjusts to the temperature in the room. The 1.2-ton unit can cool spaces that are up to 140 square feet in size. It gets 3 stars for efficiency because it has an ISEER of 3.61 and uses 915.04 kWh per year. The manufacturer guarantees both the compressor and the condenser for 10 years. LG 1.5 Ton 5 Star Inverter Split AC LG is a household name in India. The company’s name is synonymous with high-quality air conditioners, TVs, and dishwashers. The LG 1.5 Ton 5-star Inverter Split AC is a great choice for any home because it is both high-quality and energy-efficient. This air conditioner has a dust filter, works without a stabiliser, and is finished in ocean black, among other things. The best part is that you can get all of this for a price you can easily afford. O General ASGA24JCC 2 Ton Inverter Split AC O General AC is unique as it can also be used to heat. Warm air will be blown around the room. Standard air conditioners work even when the temperature drops below -15 degrees Celsius. Samsung 1.5 Ton 3 Star Inverter Split AC It would be difficult to find someone who doesn’t know about the world-famous electronics brand. The Samsung 1.5-tonne inverter split AC, which gets 3 stars, is one of the best AC brands in India. Small things like the copper condenser’s high durability and the longer warranty period make this product stand out in a market with a lot of competition. In addition, the auto-clean, turbo cooling, and inverter compressor are a nice touch. Panasonic 1.5 Ton 5 Star Wi-Fi Twin-Cool Inverter Split AC Panasonic ACs are some of the best in India. It stands out from other products because of what it has. The power of the twin-cool inverter compressor changes depending on how much heat is used. This makes it quiet and saves energy. For different cooling needs, the AC has a strong, dry mode. It’s flexible and can be used in a lot of different ways. The energy rating for the AC is five stars, and it uses 840.75 kWh per year. This makes it useful and good for the environment. Panasonic air conditioners are flexible and use less energy. [B-02] Conclusion This is it! This article contains all the information you need before purchasing an air conditioner. Portable air conditioners are also great if you want to save money when everyone else is buying expensive central air conditioning systems or split-system air conditioners. Piramal Finance is the finest place to get a finance facility to buy your next Air Conditioner. Visit their website to know more about their offerings and services, such as EMIs, personal loans, credit cards, etc.

08-11-2023