PNB Housing Finance, the housing finance division of the state-owned lender i.e. Punjab National Bank, is a strong player in the home loan and loan against property segments. While it offers home loans to help you buy a dream house, the housing finance major also gives you a loan against property to serve all your personal and business needs. You can get a maximum of 30 years and 20 years to repay home loans and loan against property, respectively. The loan comes at an interest rate greatly determined on the basis of the quantum of finance. The rate is also determined on the basis of profession one is involved in. So, what is the PNB Housing Finance Rate of Interest for home loan and loan against property? Let’s check out the rate in this article and see how it shapes your repayment.
PNB Housing Finance Home Loan Interest Rate 2019 The housing finance major offers a home loan up to ₹35 lakh to salaried and self-employed professionals at an interest rate of 9.05%-11.25% per annum. Businessmen or self-employed non-professionals need to service the same loan at 9.15%-12.50% per annum. Loans more than ₹35 lakh-75 lakh come at 9.10%-11.25% p.a. Businessmen or self-employed non-professionals, on the other hand, need to pay interest at 9.20%-12.50% for the same loan quantum. As the loan exceeds ₹75 lakh, the rate of interest for salaried/self-employed professionals and businessmen/self-employed non-professionals is 9.20%-11.25% and 9.30%-12.50% per annum, respectively. PNB Housing Finance Loan Against Property Interest Rate 2019 PNB Housing Finance rate of interest for loan against property is determined on the kind of property that is mortgaged. Loan against commercial and residential property is granted at 10.50%-11.10% and 10.25%-11% per annum, respectively. The loan can also be granted against the residential or commercial plot. You need to pay interest at 11.25%-12% per annum. PNB Housing Finance Rate of Interest Varies as Per Prevailing Market Conditions The rate of interest for both home loan and loan against property is floating in nature. It means the interest rate won’t remain the same throughout the loan tenure. It will keep changing based on the variation in market forces. PNB Housing Finance would increase or decrease the rate based on its cost of funds and the overall liquidity situation. Does the Variation in Rate Mean Change in EMI from Time to Time? Certainly not. The rate of interest won’t change the EMI amount. Instead, it will bring a change in the portion of principal and interest on a periodical basis. As the rate of interest falls, the housing finance will deduct more on the principal and less on interest. When the rate goes up, the interest portion will be deducted more. Does It Make Sense to Prepay Such Long-term Loans? The loan, when continued for long, can chuck out a lot of interest from your pocket compared to when they are for a shorter period. The housing finance major would most likely give you the loan statement to your email ID on a periodical basis. You can thus check the statement carefully and see what can be done to stem the flow of interest. One thing that you can think of is prepaying the loan. You can either pay the loan fully or partially to reduce the interest burden. For full payment, you need to start a lot early and save regularly to accumulate the desired surplus. On the other hand, you can pay a chunk of the outstanding balance using the money received through the bonus. Both part and full payment ease the interest repayment burden off your shoulders.
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Motilal Oswal Asset Management Company Limited, incepted in 2008, is a phenomenal player in India’s asset management space offering a variety of mutual funds to align with the investment aptitude of different investors. Now, the question you must ask yourself is what type of investor you are. Whether you are an aggressive investor willing to take risks or a conservative one who can’t afford to take investment risks If the former is your answer, subscribing to Motilal Oswal Mutual Fund would do a lot of good to your financial portfolio. It’s because Motilal Oswal offers a variety of equity mutual funds that can take your money to greater heights. These funds have been delivering greater returns to the investors. You can get details of returns and other critical information in this post.
Top Equity Fund Performers that Motilal Oswal Boasts of The list of top-performing equity funds is an impressive one that you can read out below. Motilal Oswal Focused 25 Fund - The money invested in the scheme is dispersed to securities that can help achieve the objective of capital appreciation in the long term. A minimum 65% is allocated in top 100 companies as per the market capitalization. Also, the maximum investment in equity and equity-related instruments is permitted to be 35%. However, the fund can invest a maximum of 10% in debt, money-market instruments, cash, G-sec, units issued by Real Estate Investment Trusts (REITs) and InvITS. Performance
You can invest by either a lump sum or a Systematic Investment Plan (SIP). The minimum sum by which you can invest by either of these two is ₹500. Motilal Oswal Midcap 30 Fund - It invests in stocks of up to 30 mid-cap companies to achieve the objective of capital appreciation over the long term. The fund invests a minimum 65% of the corpus in equity and equity-related instruments of top 101-250 companies as per the full market capitalization. On the other hand, a maximum 35% can be allocated in equity and equity-related instruments of other companies. The maximum 10% is dispersed across debt, money-market instruments, bonds, G-Sec, cash, units issued by InvITS and REITs. Performance
Both lump sum and SIP modes of investment are available. The minimum amount needed to invest by either of these modes is ₹500. Motilal Oswal Long Term Equity Fund The fund chooses a diversified set of equity and equity-related instruments to appreciate the growth of invested capital over time. It makes sure to invest a minimum 80%-100% in equity and equity-related instruments of companies. The maximum allocation in debt, money market instruments, cash and G-Sec can be in the range of 0%-20%. What’s more, the fund investments help you gain tax exemption under Section 80C of the Income Tax Act. Performance
It’s up to you to choose the tool - lump sum or SIP - by which you want to invest in this fund. A minimum of ₹500 is required to invest by any of these two modes. Motilal Oswal Equity Hybrid Fund It’s a hybrid fund that keeps the money in both equity and debt instruments in specific proportions. However, the allocation to equity would be more as it’s an equity-oriented hybrid fund. The fund invests a minimum 65% corpus in equity and equity-related instruments. On the other hand, a maximum allocation of 35% is likely to be made in debt, money-market instruments, G-sec, bonds, cash, etc. The fund has started off as its inception date is September 14, 2018. It has delivered a return of 7.13% since inception. Motilal Oswal Mutual Fund SIP If you are new to mutual fund investment, you must be wanting to understand the term SIP as stated above. An SIP is a disciplined approach to investing in mutual funds at regular intervals - monthly, quarterly, half-yearly or annually. The SIP investments buy units at the prevailing NAV, which stands for Net Asset Value. The NAV is actually the market price of a fund unit. SIPs are a good tool to average out the cost of investment in the event of market fluctuations. As the NAV comes down, the money invested through SIP buys more units and less units the other way round. Motilal Oswal Mutual Fund Customer Care You can dial the Motilal Oswal Mutual Fund Customer Care number to know the minimum investment amount, the number of units bought, the prevailing NAV, the expertise of the fund manager and so many other things. This will help you invest better and prosper your future. Financial planning is one task that you must not shy away from. Yes, your existing healthy financial life may make you complacent only to bite you later on in the event of any unprecedented events taking out the money from your wallet. So, you should invest in products that can not only create wealth but are diversified adequately to minimize the effect of market fluctuations. Keeping that in mind, you should invest in mutual funds that offer scope for a greater diversification yet not forgetting the objective of capital appreciation. These funds are offered by a large number of asset management companies (AMCs) such as DSP Blackrock Mutual Fund. The fund house offers a variety of mutual funds that can meet the expectations of the varied investor class. These funds can be equity, debt or hybrid ones with different objectives to fulfill. Let’s check out these funds and see how much should you invest in them for financial independence.
DSP BlackRock Equity Mutual Funds on Offer DSP BlackRock’s list of top equity mutual funds consists of -
DSP Top 100 Equity Fund - The fund invests in stocks of top 100 companies according to market capitalization. It has offered a return of 20.53% since it was incepted in 2003. If we look at the fund’s performance in the last one year, it has delivered a very low 4.12%. But the 3-year and 10-year returns of 10.80% and 11.22%, respectively, have somewhat maintained the gloss of the fund. The investment can be made with a minimum of ₹500 by each of the lump sum and systematic investment plan (SIP) modes. As far as investments in this fund are concerned, invest with a long-term objective and not the short-term one. The returns may not be soaringly high but would be consistent if you stay invested for long. At the same time, you need to check the corpus you want to achieve by investing in this fund. If we take the 10-year return of 11.22% into account, the monthly investment of ₹10,000 via SIP would lead to a corpus of around ₹22 lakh. If you invest a lump sum of ₹10 lakh, you can accumulate a corpus of approximately ₹28 lakh. Given that the fund has not provided returns in the big double-digit mark, you could be required to invest more to yield more. DSP Equity Fund - One of the best diversified funds in the business, DSP Equity Fund invests in stocks across the market capitalizations. Since incepted in 1997, the fund has delivered a return of 19.41%. Like the Top 100 Equity Fund, it has also been rather below par in the last one year with returns of just 6.41%. The 3, 5 and 10-year returns of 14.11%, 11.24% and 13.68%, respectively, have allowed investors to make a significant amount on their investments. Both SIP and lump sum modes of investments are available. The minimum investment is stipulated to be ₹500 in each of the two. If the next 10 year returns pan out the way the last 10 years, you can accumulate surplus money of around ₹27 lakh if you invest ₹10,000 monthly via SIP. On the other hand, the lump sum investment of 10 lakh would yield you around 36 lakh in 10 years at 13.68% return. DSP Equity Opportunities Fund - The fund invests with an objective to appreciate the growth of invested capital over time. Since it was launched in 2,000, the fund has delivered a return of 17.50%. There’s nothing much to write home about if you talk about the 1-year return of 2.72%. However, the fund’s mojo is intact with long-term returns. Yes, it has provided 12.63% in 3 years, 12.64% in 5 years and 14.10% in 10 years. You can invest in this fund with a minimum of ₹500 by either lump sum or SIP. If the fund return over the next 10 years remains at par with that of the last 10 years, you can build a corpus of approximately ₹26 lakh by investing ₹10,000 monthly via SIP. The lump sum investment of 10 lakh can earn you ₹37 lakh (approx.) This edition is limited to equity funds. Other editions will see description of debt and hybrid schemes of DSP BlackRock Mutual Fund. Dewan Housing Finance Limited (DHFL) is one of the largest non-banking finance companies (NBFCs) in the retail lending segment. It’s predominantly a player that has left quite an impression as far its housing loan and loan against property offers are concerned. While it offers a home loan to help individuals purchase, construct, renovate and extend a housing unit, the loan against property would mean the credit you can get by mortgaging your residential or commercial property. Both loans come at different rates of interest. So, it would be better if you get an idea of the amount payable to DHFL over the loan course. The DHFL Loan Rate of Interest would help you determine the same. Let’s check out these loan offers and the interest rate that the lender charges.
DHFL Home Loan Interest Rate DHFL offers home loans at interest rates benchmarked to the Retail Prime Lending Rate of 19.42%. The interest rates of 9.10%-10.55% would be applied to DHFL Home Loan. The loan comes with a processing fee that can vary based on the amount you apply for. Loans up to 30 lakh come with a fee of ₹5,000 plus document charges and applicable Goods and Services Tax (GST). Whereas, loans above ₹30 lakh-75 lakh are levied with a processing fee of ₹10,000 plus document charges and applicable GST. When the loan is applied in excess of ₹75 lakh, the processing fee comes as ₹20,000 plus document charges and applicable GST. Both salaried and self-employed can apply for a loan and pay it in equated monthly installments (EMIs). They can repay over a maximum of 30 years. DHFL Loan Against Property Interest Rate DHFL provides the loan against residential as well as commercial property you may have. The loan can be provided to meet your personal and business needs. It can be given for a maximum of 15 years, irrespective of whether a residential or commercial property is getting mortgaged. Now, the interest rates would be customized as per the value of the property, your overall income, existing liabilities, if any, etc. How Will the DHFL Loan Rate of Interest Determine the Course of Repayment? The interest rate greatly determines the course of repayment by resulting in more payment when charged higher and vice-versa. The interest rate, if charged higher, would lead to more payment through the EMI and less when charged lower. But, there are two more factors - loan amount and tenure - apart from the interest rate that sets the course of repayment. You can check the EMI and interest outgo using the EMI calculator. As the calculator is available online, you can easily track its function and compute the repayment. Can You Plan for Prepayment Using the Calculator? The calculator can be used to plan a prepayment to reduce the interest outgo than when allowing the loan to cover the territory in its own way. You can see through EMI calculator the schedule of interest and principal repayment on a monthly or yearly basis. At the same time, you can check the outstanding balance that’s going to be on a periodical basis. This can help you target the period by which you can pay off the loan fully or a substantial chunk. Shall You Apply for DHFL Loans? You should apply only after finding DHFL loan rate of interest lower than that of others. The lower rate would help you keep a lid on the interest payment. So, if the interest rate does come to be lower, you should apply and submit relevant documents that not only support your identity, residence and income but also the property you want to buy (for a home loan) or the one you have (for a loan against property). The documents will be checked thoroughly before the lender approves the transaction. The fact with the money is that its value depreciates over time. So, the monthly or yearly income you may be having now won’t be enough to carry on your life after you quit working if you have not planned for it. The planning can be executed through diversified products such as mutual funds that build wealth by investing in a variety of financial instruments with different attributes. There are many asset management companies (AMCs) that offer mutual funds to investors across ages. One such AMC is Aditya Birla Sun Life Mutual Fund that offers a variety of equity, debt and hybrid mutual fund schemes to fall in line with the expectations of different investors. In this edition, the focus will be firmly on the equity mutual fund schemes. The subsequent editions will see an elaboration on hybrid and debt schemes.
Top-performing Aditya Birla Sun Life Equity Mutual Fund Schemes The list of Aditya Birla Sun Life equity mutual funds consists of the following -
Aditya Birla Sun Life Frontline Equity Fund The fund aims to appreciate the growth of the invested capital over time by keeping the entire money in equity and equity-related instruments. It’s an open-ended large-cap mutual fund that has delivered a return of 20.34% since the time it was launched in 2002. Even as the 1-year performance is below expectations with just 4.49% return, the 3-year, 5-year and 10-year returns of 10.48%, 10.73% and 13.71% are simply good to believe in the strength of the fund. The minimum lump sum and SIP investment amount required is ₹100. Aditya Birla Sun Life Equity Fund This fund also comes with an objective to appreciate the growth of the invested capital. It invests 90% of the corpus in equity and the remaining 10% in debt and money-market instruments. It’s also an open-ended large-cap fund like the previous fund. The fund has provided 22.79% return since getting launched in 1998. The 1-year return stands at a very low of 2.81%. But the 3-year, 5-year and 10-year returns of 13.14, 12.41% and 14.07% somewhat make it an interesting fund to invest in. You need to invest a minimum of ₹100 via any of the SIP or lump sum investment. Aditya Birla Sun Life Tax Relief 96 This fund not only sets the tone by investing in high return proposition of equities but also looks to save taxes for the investors by giving them exemptions under Section 80C of the Income Tax Act. It has delivered a return of 23.95% from the time it was launched in 1996. It has delivered a return of 11.34%, 14.03% and 14.03% in 3, 5 and 10 years, respectively. You can invest in this fund with a minimum lump sum of ₹500. The minimum amount needed to invest is ₹500. Aditya Birla Sun Life Mutual Fund Login You can log on to Aditya Birla Sun Life Mutual Fund with your user ID and password. After that, you will see the investments made so far. If you wish to transact, you can do so by clicking on the appropriate icons. Aditya Birla Sun Life Mutual Fund Statement Aditya Birla Sun Life will send you mutual fund account statement to your e-mail ID showing the transactions made so far, the cost and value of the investments, the current NAV, etc. Glancing at the statement regularly can keep you updated of your investments. Essentials to Keep in Mind Before Investing in Aditya Birla Sun Life Equity Funds Investing in Aditya Birla Sun Life equity funds have proved to be a beneficial deal for investors. But only when they have shown patience and discipline by investing for a long period. The point I am trying to emphasize is that equity investments can go through short term fluctuations and so the returns may not be that great. However, investing in the same for long can yield good results. As equity funds and market fluctuations go hand to hand, it’s also important to be aware of the risk appetite you carry. If you have a high-risk taking capacity, then only you should invest in these funds. The Delhi Development Authority (DDA) launched its flagship housing program on March 23, 2019 and rounded it off by 10th of May, 2019. The housing scheme saw around 18,000 flats on sale, 6,000 more than the 2017 scheme. The increase in number definitely heightened the possibility of getting a home in the hush and push of the capital city i.e. Delhi. What’s good about DDA Housing Scheme 2019 was that it continued to offer subsidy benefits under Credit Linked Subsidy Scheme (CLSS). The subsidy is all set to decrease the cost of owning a DDA flat. Apart from that, the flats were located in different areas with different prices. The post will detail on each and every aspect of the housing scheme 2019. Keep reading.
Distribution of DDA Flats in Housing Scheme 2019 The DDA flats are mostly located in Vasant Kunj and Narela. It was an online scheme consisting of 18,000 flats (approx.) in different dimensions. The flats were available in EWS, LIG, MIG and HIG variants. LIG took the maximum share with 8,300 units, followed by EWS, MIG and HIG with 7,700, 1,550 and 450 units, respectively. How Much Did the DDA Flats Cost? The DDA launched flats at prices ranging from ₹10.42 lakh-₹1.73 crore. The price of EWS flats, which were located in Narela, came with a price tag of ₹10.42-19.36 lakh. The 1-BHK LIG flats, located in both Vasant Kunj and Narela, were available at ₹22.44-56.32 lakh. Like LIG, MIG flats were also available in Narela and Vasant Kunj. You can buy these 2-BHK flats at a price of ₹66.22-98.55 lakh. HIG flats were constructed in both 2-BHK and 3-BHK dimensions. These flats were available in Vasant Kunj only. The 2-BHK HIG flats were offered at ₹93.67 lakh-₹1.41 crore. The 3-BHK flats, on the other hand, were available at 1.43-1.73 crore. Application Money & Modes Pertaining to DDA Housing Scheme 2019 The DDA had stipulated different application money from the applicants. While the HIG and MIG applicants needed to pay the application money worth ₹1 lakh, the LIG and EWS applicants were made to pay ₹1 lakh and ₹25,000, respectively. The DDA had tied up with as many as 12 banks for Housing Scheme 2019. These banks were State Bank of India (SBI), HDFC Bank, ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, Syndicate Bank, Corporation Bank, YES Bank, IDBI Bank, Central Bank of India, Union Bank of India and IndusInd Bank. Applicants were required to visit the website of these banks and get to the DDA flat application form. Afterward, they were required to fill the details properly before submitting the application. Another way was to apply directly on the official DDA website. How Will the DDA Announce Winners of Housing Scheme 2019? Now that the housing scheme is over, the DDA can soon conduct a computerized draw before independent observers to choose the winners of the scheme. The winners will have to deposit the remaining amount after the application money to DDA to get the house. These individuals can apply for a home loan after comparing the interest rates, processing fee and several other key factors. Reliance Mutual Fund is one of the renowned asset management companies (AMCs) offering a host of mutual fund products to the investors. The Asset Under Management (AUM) of the company is recorded to be ₹2,33, 628.56 crores during Jan-March 2019. It has 90.67 lakh folios till March 2019. It has spread its wings to around 300 cities. Given the trust reposed by investors with an impressive AUM and its massive presence, it won’t be bad if you subscribe to any of its mutual fund schemes. Doesn’t matter which fund you choose, you must know certain aspects concerning Reliance Mutual Fund. These aspects can be account statement, NAV, login details, redemption, etc. So, without any further delay, let’s check out all that in this post.
How to Subscribe to Reliance Mutual Fund Scheme? You can subscribe to any of the equity, debt or hybrid mutual fund scheme according to your investment taste and risk-appetite. Now, you can subscribe directly through Reliance Mutual Fund or its distribution channels. If you subscribe through intermediaries, you will be offered mutual fund guidance through the same. Funds subscribed through intermediaries come under regular plans. On the other hand, direct subscription through the fund house would mean it to be a direct plan. Reliance Mutual Fund Account Statement The account statement contains a complete glossary of mutual fund activities on a periodical basis. It shows the transactions, the investment cost and its value, the NAV, etc. Having a look at the account statement can let you stay updated of your investments. If the statement calls you to rejig the investment portfolio, you can do that to balance out things. You can realize the benefit of portfolio rejig in the form of improved returns. Reliance Mutual Fund NAV The net asset value (NAV) is a term that indicates the price of a mutual fund unit. Every trading day, the NAV is calculated on the basis of trade being made. The investment value of the securities is deducted by the liabilities to arrive at the NAV. As you know the market rises and falls in the wake of socio, economic and political development, the effect of such fluctuations can impact your investments. However, if you invest via a Systematic Investment Plan (SIP), the investments can sail through the fluctuation because of the rupee cost averaging factor. As the market falls, the SIP investments buy more units at less price and less units at more price by the time the market goes up. With such buying of units, the average cost of investment comes down to benefit the investors. Reliance Mutual Fund Login You can log in to Reliance Mutual Fund online account and transact what you want to. You can buy and redeem mutual fund units of a scheme. Even with redemption, your mutual fund investment can continue. It means you may not have to redeem all the units to withdraw the corpus you want to. That way you can withdraw the desired amount while also able to continue the investment. Reliance Mutual Fund Customer Care Number You can dial the 24x7 customer care number - 18003001111 - to be updated of each aspect concerning your investment in a Reliance Mutual Fund scheme. Be it the existing NAV, market value of investments, account statement or any other information, you can get updated on all. Investing in the power of equities can take you to monumental heights as far as accumulating the corpus is concerned. Such corpus gives you much headroom to live smoothly in the age of inflation. Yes, all that is true. But also true is the fact that equity investments come with a greater degree of risk. There can be individuals having a lesser risk appetite and they would want to invest in an asset that can provide stable returns. The investments for them are fixed deposits, recurring deposits and debt mutual funds. The latest of them is the most beneficial by providing indexation benefits and reasonably more returns than the other two.
Whose debt fund should you subscribe to? As there are many asset management companies (AMCs) offering debt funds, you may ponder upon choosing from them. Let’s be told that ICICI Prudential Mutual Fund could be a good choice for you. Ever since the inception of the joint venture between ICICI Bank, one of the largest private lenders in India and Prudential Plc, a leading financial services company in the UK, in 1998, the AMC has registered massive growth over the years. The post contains the best of debt funds that this AMC has to offer. Top 5 ICICI Mutual Fund (Debt) ICICI Prudential offers a host of debt mutual funds that you can subscribe to. The five best of them are shown below
ICICI Prudential Savings Fund The fund looks to generate income by investing in a portfolio of debt and money market instruments. It seeks to maintain an adequate balance between liquidity, yield and safety. The fund comes with both dividend and growth options. You can invest this ICICI Prudential Mutual Fund via lump sum or Systematic Investment Plan (SIP). The minimum amount by which you can invest through any of these two modes is ₹100. If we come to the performance, the fund has delivered a return of 8.46%, 7.79%, 8.24% and 8.26% in 1, 3, 5 and 10 years, respectively. ICICI Prudential Floating Interest Fund The fund invests predominantly in floating rate instruments and looks to maintain optimum balance of liquidity, safety and yield. You can choose any of growth and dividend option while investing in this fund. You can start investing with a minimum lump sum of ₹500. Additional investments can be made with a minimum sum of ₹100. Speaking of the performance, the fund has helped investors rake in a return of 7.70%, 7.31%, 7.77% and 7.94% in 1, 3, 5 and 10 years, respectively. ICICI Prudential Corporate Bond Fund The money invested in the fund goes predominantly in corporate bonds having assigned AA+ and above rating. Such rating is viewed good in the financial circle and so the investments made there can prove fruitful for the investors. You have both growth and dividend options to choose from. The minimum amount by which you can invest equals to ₹5,000. It has offered a return of 9.03% in 1 year, 7.66% in 3 years and 8.17% in 5 years. ICICI Prudential Liquid Fund The scheme seeks to offer reasonable returns commensurable with risk and high liquidity. It comes with both growth and dividend options. The minimum application amount is ₹100. The 1-year, 3-year, 5-year and 10-year returns have been 7.48%, 7.09%, 7.64% and 7.84%, respectively. ICICI Prudential Gilt Fund The fund seeks to generate income by investing in gilts of several maturities. You can get any of the growth or dividend option available on this fund. The minimum application amount is ₹5,000. It has delivered a return of 11.07%, 8.86%, 9.60% and 7.65% in 1, 3, 5 and 10 years, respectively. Owning a home is one of the costliest purchase decisions that a person makes in his lifetime. For a reason, getting a house of their own is like a dream for many. So obviously, the home loan amount that an individual borrows from the banks or NBFCs is also hefty. This means the EMI payments will also take away a major chunk of your net monthly income. Paying off a home loan can be very tricky. If not done with planning, can put you in a financial crisis. As home loans include hefty amounts, it can get tough to pay it sometimes, while juggling with other monthly expenses. The Home Loan EMI calculator helps you from not getting into a situation of financial crisis. The role of the calculator is to determine your monthly EMI (Equated Monthly Installment), well-in-advance, so that you have the clarity of how you’ve to live your life after the loan.
Let’s see some of the benefits of using a home loan calculator. No Complex Calculations: The last thing you want to do while applying for a loan is to do Maths. And calculating the interest and EMI is not as easy as it looks. It involves compounding and various other formulas to get the final result. But the home loan EMI calculator does it all by itself without stressing you out. All you have to do is enter some details and boom, the results will be on your screen within milliseconds. Helps You In Planning: Planning is involved in every aspect of life. Same is the scenario when you apply for a home loan. Things will never be the same as before after you take a home loan. Home loan EMI chews on 40% to 50% of your salary, only leaving the other half for your monthly expenses. You can’t be living the same luxury life when you a home loan EMI to pay on your head. All this needs immense planning. But planning can only be done if you’ve an estimated figure. Before you dive into the pool, you should ascertain what your EMI is going to be so that you can plan better. Free Usage: The Home Loan EMI Calculator is like a free add-on service provided by the Banks and Non-Banking Financial Companies. Yes, using the home loan EMI calculator is absolutely free. You can try ‘n’ number of combinations and you won’t have to pay a penny out of your pocket. Instant Results: It’s not that you have to wait for results to be emailed to you or an executive has to call you to determine your EMI. The moment you hit ‘enter’, within milliseconds the results will be on your computer or mobile screen. How does the Home Loan EMI Calculator Work? The home loan calculator is very simple to use. It was designed, keeping in mind, the needs of the common people. Thus, made in a very simple manner, with a few input requirements. The home loan EMI is calculated based on three factors - the Home Loan Amount, the Repayment Tenure and the Interest Rate. All you have to do is adjust the three sliders according to your needs and requirements. Keep in mind that these calculations are approximations and not absolute. The rate of interest that you will get from the bank is going to be slightly different from the value entered by you on the calculator. If there’s one mutual fund house that has been the trendsetter in the asset management space in India, it has to be Franklin Templeton. It is the one which arguably launched a Systematic Investment Plan (SIP) in India for the first time. A lot of companies since then started launching the SIP. And now, the word ‘SIP’ is on the lips of most. Franklin Templeton Mutual Fund has shown the perseverance and tenacity through the market times to build wealth for the investors who reposed faith in the fund house. The noted AMC offers a wide range of equity, debt, hybrid and other funds that help investors achieve their objectives. For all those wanting to lead a rewarding life ahead, they can invest in Franklin Templeton equity funds that have been remarkably well over different periods. All such funds with their performance are elaborated below.
Top-performing Franklin Templeton Equity Funds The list of top-performing funds includes Franklin Build India Fund, Franklin India Bluechip Fund, Franklin India Equity Advantage Fund, Franklin India Equity Fund, Franklin India Prima Fund, Franklin India Focused Equity Fund, etc. Franklin Build India Fund It’s a type of equity fund that invests in stocks of infrastructure and allied sectors of the economy. The fund has put up a stellar performance by delivering returns of 16.20% since incepted in 2009. It’s 3-year and 5-year returns have been 14.36% and 21.28%, respectively. You can choose from lump sum and SIP to invest in this fund. The minimum amount needed to invest via lump sum and SIP equals to ₹5,000 and ₹500, respectively. Franklin India Bluechip Fund The fund, which was incepted in 1993, invests predominantly in stocks of companies with large market capitalizations. It has clocked returns of 20.42% since inception. The 3-year, 5-year and 10-year returns have been 10.15%, 12.74% and 14.85%, respectively. Investors can take the route of either lump sum or SIP to invest in this fund. You need to invest with a minimum sum of ₹5,000 and ₹500, respectively. Franklin India Equity Advantage Fund The fund invests predominantly in large and mid-cap stocks to create a diversified investment portfolio. The diversification has helped the fund clock a return of 15.80% since getting launched in 2005. Although it’s 3-year performance is below the expected lines with a single-digit return of 9.33%, the 5-year and 10-year returns have been good with figures of 14.05% and 16.70%, respectively. If you wish to invest a lump sum, the minimum amount needed is ₹5,000. SIP investments can start off with an amount as low as ₹500. Franklin India Equity Fund The fund invests across the market capitalizations by putting the money across large, mid and small-cap stocks. Since its inception in 1994, the fund has offered a return of 18.10%. It has delivered a 3-year, 5-year and 10-year return of 10.62%, 15.70% and 17.07%, respectively. You need to invest a minimum of ₹5,000 if you are taking the route of a lump sum. SIP investments can start with a minimum of ₹500. Franklin Templeton Mutual Fund NAV The net asset value (NAV) is the price of the mutual fund unit. It is calculated on each trading day. The NAV varies both on a quantitative and qualitative basis. The calculation is made by subtracting the registrar, marketing & fund management fees from the market value of stocks. Franklin Templeton Mutual Fund Account Statement The account statement shows the units that have been bought on a cumulative basis, the total investments made, the market value of investments, the prevailing NAV, etc. You can get the statement on your email ID. Checking the statement regularly keeps you updated of your mutual fund investments. |
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Anika Sharma
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