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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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Crytocurrency

Is A Futures Investment worth it? Here’s all you need to know

Futures may not be the first thing that comes to mind when discussing investment. Given time-tested options like shares and mutual funds, you may think futures investments are not worth your time and money. If you think so, think again! Investing in futures contracts offers high profits and liquidity. It also allows for portfolio diversification and quick returns. As a result, futures are becoming a popular investment option worldwide. But beginners may find them tricky and risky. So, this blog will cover the key facts about futures investments to help you make the right choices. Let’s begin! [B-01] What are futures? Futures are financial contracts that obligate the involved parties to buy or sell specified assets at a pre-defined date and price. As a derivative contract, a futures contract derives value from an underlying commodity or financial instrument. Originating in Japan in 1730, futures are used as short-term investments and hedging instruments. They are also used as liquid assets that you can trade at registered futures trading exchanges. How Does A Futures Investment Work? You can buy a futures contract at a standard rate for a specific date to get a corresponding amount of an asset. To do this, you need to sign up for a trading account and send your request through a broker. You can do this at two SEBI-regulated bodies. These are the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Note that the actual amount of the asset is worth much more than the nominal payment for the respective futures contract. This payment is usually 10% of the asset’s value. If the asset has a higher price at the expiration date, you will profit from the difference. However, you will lose money if the price falls on that date. You may also sell futures to others before their expiry date to earn as per the ongoing price. In simple words, a futures investment is a bet on the future price of an asset. So, you can earn big profits by selling futures. But there’s also the risk of a significant loss if things do not go as you expected and the price falls. The Benefits and Drawbacks of Investing in Futures You can choose a futures contract with a defined expiry date and purchase price, which is a small fraction of the underlying asset’s value. So, you can achieve high profits on a low budget if the asset’s price is higher on the expiration or sale date. Moreover, your skills and strategy matter more than the amount of money you invest. If you make the correct price prediction and the right choices at the right times, you make big profits! However, a futures investment has a high risk of loss if your prediction of the asset’s future price is wrong. This loss can be much higher than your investment! However, you can reduce this risk by seeking professional assistance. Key Facts About Futures Investments Are you still unsure if a futures investment is right for you? Here are some key facts about futures investments and trading to help you decide: Futures investments are leveraged Any investor’s dream is to get high returns in a short time, and a futures investment makes this dream come true! Futures leverage from market changes that raise the asset’s price. And this multiplies your returns on encashing them. Futures are versatile and allow easy diversification You can divide futures into many types based on the asset they are derived from. The common types of futures include equity, commodity, index, currency, VIX, and interest rate futures. This variety makes it easy to invest in diverse assets. You just need to buy futures contracts that derive value from the respective assets, and you’re good to go! Futures are ideal for partial hedging The price and expiration date of futures contracts are predetermined. So, they do not vary due to market changes. This makes futures a great hedging tool for sellers, as they don’t need to worry about future price movements after a deal is finalized. Futures markets are very liquid Futures contracts can be traded quickly at registered futures exchanges. Also, they have no lock-in period, and you can hold them for up to 3 months. So, futures trading markets are highly liquid. You can easily trade futures for quick cash whenever the market looks good! In India, you can trade futures contracts smoothly through the NSE and BSE. Futures investments level the playing field Futures markets are a good investment option if you lack a high budget but can take some losses. Why? You can buy futures at a fraction of the price of the assets they represent. This opens up new chances for traders with less money but high knowledge and skills. Futures trading is growing in popularity Futures trading is growing in popularity across the world due to the unique benefits of futures contracts. 29.28 billion futures contracts were traded in 2021 alone! Futures trading is also very popular in India. You can trade 194 SEBI-defined securities through the NSE and BSE! [B-02] Ready To Invest? Futures offer various benefits for investors looking to earn fast through short-term investments. However, you must create an informed strategy before making a futures investment. This is because futures trading and investments are complex and risky. So, you might face problems and losses if you lack the required expertise. Don’t worry if you are not an expert, though. You can still make quick cash from futures with help from trusted investment agencies! So go ahead and contact Piramal. Their experts will help you make wise and timely Futures investments. This will help you unlock the power of futures trading toenjoy high returns! Read more related blogs 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

Latest Pathani Kurta Designs In 2022

If you are an avid follower of the Indian fashion world, then you must have heard the name Pathani kurta. It is known for its rich embroidery, hefty puffs and ruffles. We’re talking about a particular style of kurta that is synonymous with royalty and opulence. The ideal staple for any occasion, this trend has weathered many phases over the years; from its Ottoman origins to its modern variations. We can’t see it going out of fashion any time soon either – as shown by its consistent resurgence in styles and variants. Whether it’s due to its innate elegance or cosmopolitan appeal, this dress is known for its royal look. This explains why designers keep coming up with new renditions of this classic piece of cloth. Such was the craze surrounding it earlier this year that designers were even seen adding waistcoats to their oxford shirts or sportswear in an attempt to cash in on it. Here’s a look at some of the most recent examples of Pathani Kurta Designs in 2022. [B-01] The Evergreen Black Pathani Kurta The Pathani Kurta for Men is available in different colours and sizes. The charm and craze of a black Pathani kurta are different. Stylish and elegant, the black pathani kurta, is suitable for all occasions. You can pair it with black salwar, or team up the same kurta with jeans or a trouser. Pathani Kurta Bollywood Style Many Punjabi kurtas are in trend, thanks to all of Bollywood’s celebrities who have worn them time and again. Around halfway through the shirt collar, there is a button slit. It has two flap pockets on either side that give it a more contemporary appearance. Button tab sleeves will allow you to fold or unfurl the sleeves. It is a medium to short kurta that looks great on men of all body sizes and heights. Festive Wear Pathani Suit A Festive Pathani suit is a piece of clothing that is traditionally worn by men in the Indian subcontinent. This type of suit consists of a jacket and trousers. The jacket usually has a long sleeve or no sleeves shirt over a button-up shirt or coat. The trousers are either pleated or straight. Pathani suit is made from different materials, but festive wear is made from wool, linen, silk, or cotton. Shirt Style Pathani Kurta A Pathani shirt-style kurta is a uniquely styled shirt that falls on the hip. It is a type of kurta that features a colourful, geometric pattern. This style of shirt is worn with a pyjama or pants. A lot of men would pair this design with white pyjamas, churidars, jeans and even trousers. The shirt style makes it the most casual among all styles of Pathani Kurta Designs. Men’s Flat Collar Pathani Suit You may wear a flat-collar Pathani suit on any occasion or festival. Dhoti or pyjamas with the right suave touches can be paired with your kurta in a flat collar style. You can wear aviators and Juttis to rock that cool, Indo-western look. The Asymmetric Pathani Kurta Asymmetric Pathani Kurta for Men is a perfect blend of style and comfort. This kurta is designed to give you a trendy look and ease of movement at the same time. The asymmetric design gives it an edgy look that will make you stand out in any crowd. It is often made from cotton and polyester, making it soft and comfortable to wear. The kurta with a V-neckline or bandhgala adds to its uniqueness. It has a flared bottom hem, which ensures easy movement while sitting or walking. It comes in different colours and prints, so you can get one that suits your personality the best. Linen or Cotton Pathani Kurta Cotton or linen Pathani kurtas are right on trend to pair with pyjamas or pants. These new linen pathani suits are comfortable to wear and stylish. One can wear them at small office functions or daily get-togethers. Pathani Kurta & Jacket The kurta with jacket combination is amazing. If you don’t like bright colours you can also try pastel colours. You will become the centre of attention at any party if you wear this kurta. The bright kurta can be paired with a contrasting jacket colour. It is ideal for weddings and festivities. Flap Collar A flap-collar pathani kurta suit is perfect for casual get-togethers with friends. Flap shirt collars are extremely common in pathani kurtas. Many young people like to wear a flap collar because it gives them an impressive appearance. A classic metal watch with a leather strap looks fantastic with it. The classic flap collar gives the kurta an elegant grace which can make you look decent and elegant. Short Pathani Kurta A short kurta is a fashionable Indo-Western creation. It has a button-down placket that goes from the centre to one of the sides. It has foldable sleeves and it is available in soothing colours. You may get it sewn by your local tailor or purchase it online. [B-02] Conclusion Keep in mind that every single day is an opportunity to reinvent what you wear. Whether you are looking for a new business suit, casual wear, sports wardrobe or wedding apparel, there is a wide array of options available for you to choose from. Do not forget to pick out a pathani kurta! The versatility of this garment is unparalleled, and you can wear it in various ways to give it an all-new look. The best part is that you can keep your pathani kurtas in fashion and style with your accessories and attire. You can team up the same with your favourite pair of shoes, to be the life of any party. 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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Personal Loan

Calculate And Compare Your Loan with Online Calculator

A loan is a sum of money that is borrowed and can be used for a variety of things, including schooling, automobile purchases, debt relief, unanticipated bills, and even property purchases. Because of improved public awareness, financial organizations like banks now provide their clients with a variety of loans. These include auto loans, personal loans, and so on. You must use an online loan calculator to compare your loan to other available loans to get the best lending choice for you. The purpose of these types of loans is to ease the borrower’s financial burden to fulfil and achieve their life goals. [B-01] How does Loan work? After you get approval for the loan, the funds are deposited in your bank account in a lump sum. And thus, depending on the lender, the transfer gets done within 24 hours. And once transferred, you will need to start making monthly payments in the form of EMIs after the loan is disbursed. Most loans have fixed interest rates that you have to pay every month. Personal Loan It’s a kind of loan that doesn’t require security or collateral, and you can use the fund you get from this loan for any of your personal needs. One of the best parts about a personal loan is that it is unsecured; you don’t have to put in any collateral. All you need is a good credit score which is 750 or above. It has a flexible tenure option ranging from 1 to 5 years. Personal Loan Calculator – A personal loan calculator helps you quickly calculate the amount of your personal loan EMI. With this tool, you can easily plan your finances and set your budget for future spending accordingly. It is designed to help you balance the inflow and outflow of money so that you can seamlessly navigate through your finances without any financial setbacks. How does a Personal Loan Calculator Work? To calculate your Personal Loan EMI amount, you can use the following formula: EMI Amount = [P x R x (1+R)^N]/[(1+R)^N-1] where P, R, and N are variables. This means that the result will also change anytime you change these three values. Here P is the principal amount R stands for rate of interest N is the number of years meant to repay the loan Here’s an example of the same. Let’s say you took a personal loan worth INR 8,00,000 at an interest rate of 15% for two years; this is what you will need to pay as EMI. EMI = [8,00,000 x 15/100/12 x (1+15/100/12)^24]/ [(1+15/100/12)^24-1] EMI = Rs 38,789 Car Loan You can accrue your car loan from a bank to buy your dream car. Today, you can quickly get car loans at affordable rates, provided your past credit score is in a good condition. Without much hassle, you can choose your monthly EMIs. The car loan EMI is a fixed amount you can pay in monthly instalments. Car Loan EMI Calculator- A car loan EMI calculator helps you calculate the car loan instalments you will need to repay to the lender at the applicable interest rate. All you need to do is fill in the loan amount, tenure, and interest rate. How Does it Work? You can easily calculate the Car Loan EMI Amount using a mathematical formula: EMI Amount = [P X R X (1+R)^N]/[(1+R)^N-1], where P, R, and N are the variables. Every time you change these values, the result will also change. P means Principal Amount R means Rate of interest N is the number of years for the repayment of the loan Term Insurance Fundamentally, it is life insurance that provides financial protection in case of unforeseen events. It gives you a substantial amount of coverage at meagre premium rates. Under this, the amount of the insurance is paid out to the nominee in case of the demise of the person insured. Term Insurance Calculator: How does it work?- It is pretty easy for a user to use a term insurance calculator. All you need to do is enter a few details to get an estimated premium against your mandatory insurance coverage. Plus, you also need to provide your annual income along with the anticipated personal expenses and an increase in yearly revenue. Along with all these factors, your age, gender, and birth are also considered. Mutual Fund A mutual fund is a vast fund managed by an asset management company that acts as a mediator for retail investors. Mutual Fund Calculator: How Does it Work? – A mutual fund calculator uses the concept of future value. This concept helps in figuring out the maturity value of your investment. For example, you invest INR 1 lakh in a mutual fund scheme for ten years. With this, you have an estimated rate of return of 8% annually. Here is how you can calculate your future value using this formula: Future Value = Present Value (1 + r/100)^n Present Value (PV) = Rs 1,00,000 r = Estimated rate of return at 8% ie 8/100 = 0.08 n = Duration of the investment ie 10 years. Or after ten years. FV = 1,00,000 (1+8/100)^10 FV = Rs 2,15,892.5. This amount is the future value of your corpus after ten years. Other than this, you can also go for a SIP to invest in a mutual fund. [B-02] Planning for your future is a wise step that everyone should take. If managed correctly, loans, investments, and insurance plans can help you achieve your goals and dreams. The article above aimed to raise awareness among people aspiring for financial freedom in their lives and wanting to achieve their goals.
08-11-2023
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Online Recurring Deposit Calculator In India

If you want to lead a secure life, you must save. This golden rule ensures all your future money-related needs are taken care of. But when you save, you must invest to make your money grow. If you do not invest your savings, inflation will lower their value over time and affect your future. One of the well-known options to invest your money is a recurring deposit, also known as RD. Before you decide to invest your money in RDs, it is vital to use an RD calculator. This free tool will help you carefully choose whether or not to invest in RD. But what is a recurring deposit calculator? How do you use it? Read on to learn more about using an RD interest calculator. [B-01] What is an RD Calculator? Before using an RD interest calculator, you must know what an RD is. A recurring deposit is a savings scheme where you deposit a fixed amount every month in the RD account. You can create an RD account and link it to your bank account. The money will be debited from your account and added to the RD account without you having to do anything. You can start an RD for at least 6 months and go up to10 years. The interest you earn will be added to the RD account, helping you earn interest on interest, i.e., compounding. It will be hard for you to do all these calculations on your own as there can be some errors. Thus, you must use an RD interest calculator to help you with this task. It is a tool that will help you complete all RD-related calculations. Hence, there are no chances of errors, and you can get details of your RD investment in a few seconds. Thus, you will be able to make an informed decision. You only need to put some basic details in this tool and no personal details, so this tool is very safe. Benefits of Using an RD Calculator When you use a recurring deposit calculator, you take away the pain from the entire process. There is no need to use complex formulae and calculators to better know about the amount you must invest or how much you can earn on the money you plan to invest. Some of the key benefits of using an RD interest calculator are: – Accuracy: – There are no chances of errors when you use an online RD calculator. This is an automatic tool that is widely used for RD calculations. When you have more accurate results, it will be easier to decide. Also, you will get a true picture of how much you can make from your investments. Quick: – If you plan to complete RD calculations for up to 10 years, doing it manually is not an option. It will take too much time and effort. With an RD calculator, you can get the results quickly. So, you can make your decision quickly. Planning: – If you want to plan for a future need, you must know how much money you will need and when you can save that amount. With the help of this tool, you will be able to plan for your money-related needs in a better way and enjoy a safer future. Convenience: – It does not matter if you have a manual calculator. You can access this tool from any computer or mobile phone and get the result quickly. Many free mobile apps also offer this benefit. How to Use an RD Interest Calculator? An online RD calculator is crucial before investing money in this scheme. The steps to use this free tool can vary when using a computer or phone. Here are the steps you must follow to use the recurring deposit calculator in the right way: – With a Computer Open your internet browser and type ‘RD interest calculator’ in the search option. From the results, select the best option for the RD calculator. On this page, you will see the tool open on your screen. Now, you must enter details like the money you want to invest every month, the rate of interest, and the period. As the interest rate can vary across banks, you must first check the rate with the bank. The rate of interest for seniors is higher than others. Press the calculate button, and you will see the result on your screen. The result will include details like the original amount, interest earned, and maturity amount. Many websites also show these details in a graph format for your needs. With a Phone You can use any bank app or particular RD app for this purpose. So, download and install the app first and then open it. Select the option for RD interest calculator. Enter details like the money you want to invest, the interest rate, and the period. Hit the calculate button, and the result will be on your screen. You will see details like money invested, interest earned, and amount on maturity. You can change the details to arrive at the best option for you. [B-02] Conclusion When you invest your money, you must do a lot of research. RD is a risk-free option, as you know at the start how much you will get on maturity. You can always use an RD interest calculator to check how much you must invest to get a given amount at maturity. This simple and easy tool can surely help you with making the decision. You can use it every time you plan to start a new RD for informed decision-making. To know more about RD and other finance-related topics, do visit the official website of Piramal Finance.
08-11-2023
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Understand Futures And Options Trading

Options and Futures are two key forms of stock derivatives whose trading is carried out in a stock market. In simple terms, they are a contract between two parties who want to trade in a stock asset at a specified date for an agreed price. Options and Futures (F&O) are used by investors who want to be safe from stock market risks. As the price for these contracts is agreed upon in advance, the parties can reduce the chances of losses due to price changes in the derivatives market. In derivates trading, options and futures are contracts whose value comes from an underlying asset. This asset can be commodities, equity shares, ETFs, etc. F&O offers both parties, buyer and seller, a chance to reduce the future risk of their investment. As the price, in this case, is decided in advance, the risk is low. Though it is not easy to predict price changes in the future, any mistakes can lead to huge losses in the derivatives market. This is why only those parties with deep knowledge of the derivatives market choose to trade in Options and Futures. [B-01] What are the Options? Options are derivatives linked to the value of an underlying asset, like stocks or commodities. With this contract, you can sell or buy the asset at a given price. This derivatives trading can take place only when the contract is valid. While you have the right, you also have the choice not to use the options on the given date. The price of the option is known as the “premium.” In the derivatives market, you cannot own the underlying asset or obtain shareholder rights unless you exercise the option on a specific date. This derivative contract gives the buyer the right to buy or sell the asset at the given strike price. This right, however, must be exercised before the contract expires. There are two options for derivatives trading in India: put options and call options. You can sell the stock at a given price with the put option. With the call option, you get the right to purchase the asset at the strike price. What are Futures? In derivatives trading, futures refer to a contract that makes it your duty to sell or buy an asset at a given price on a specific date. They are regarded as a true hedge investment. Here, the buyer wants to lock in a price to be safe against any price rises, and the seller wants to lock in a price to be safe against any price falls. These contracts protect sellers and buyers from wide price swings in the derivatives market. Many retail investors also engage in futures trading to make profits from any changes in asset prices. In most cases, investors do not want to get the asset and settle the contract. Instead, they prefer to sell their position much before the due date. Difference between Options and Futures Options and futures might sound similar, but there are some differences between these derivative contracts. Here are some of the main differences: – Nature: In the case of futures, the trade must be completed on the given date per the commitment. Though options give you the right to complete the trade, there is no obligation. Date: In the case of futures, the trade for the underlying asset must occur on the given date. Though, in the case of options, you have the right to complete the trade until the contract is valid. In India, there are some variations in the rules. Here, a stock option can be completed until the last date of the contract, while an index options trade can be finalized only on the last date. Risk: In the case of options, you can choose not to enforce the trade in the derivatives market if there is a major price drop. For futures, you do not have this option, and the trade will take place regardless of the price, as the price has no bearing on your duty to complete the transaction. Payment: You do not need to make any advance payment for a futures contract under derivatives trading. The payment must be made on the specified date when the trade is to be completed. In the case of futures, you will need to pay a premium while placing an order. This will give you leverage, which can greatly impact your profits or losses. The premium will go to the seller if you do not complete the options trade. Investing in Options and Future There is no need for a Demat account for derivates trading options and futures. A simple brokerage account is all that you need. A registered broker can help you open this account. Here are some key facts related to trading in the derivatives market. Stock Market: In India, the BSE and NSE offer the facility of trading options and futures. Here, futures move more quickly than options due to the leverage available. The futures contract here is valid for three months. For most F&O transactions, you do not need to pay the full value of the asset. You need to pay the difference between the market price and the agreed price in the contract. Commodities: Commodities exchanges like MCX and NCDEX offer the facility of options and futures. These markets see rapid price changes, which are suitable for derivatives trading. Here, options and futures allow you to hedge against the risk of a price fall. This derivatives market is meant for seasoned investors, as new traders might find it difficult to analyze. [B-02] Conclusion Options and futures are popular derivatives in India. Many investors trade in these contracts to make profits. But you should first gather all the details on derivatives trading before investing. Are you looking for similar finance blogs? Visit the Piramal Finance website and equip yourself with the knowledge of wide-ranging financial products and services, especially stock market trading, credit cards, and personal loans.
08-11-2023
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