home loan tax benefits

can home loan interest be deducted on taxes?

Buying your first house on a loan comes with multiple tax benefits. These deductions not only reduce your tax outgo but also help in managing your cash flows better. Here are all the deductions you can claim when you take a home loan: 1) Deduction on interest: If you are paying EMIs...

Read More

Why Mutual Funds better than Fixed Deposits?

A fixed Deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. A Mutual Fund is an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as...

Read More
mutual funds

Can mutual funds be used as collateral?

Yes,  your Mutual Funds can be used as collateral against loans. These loans are called loan against securities/ LoanAgainst Mutual Funds units (LAMF). You can borrow money for short period instead of stopping Mutual Funds SIP or redeeming your Mutual Funds. You can avail a loan against mutual funds from Public sector banks, Private Banks...

Read More
instaemi financial plan

How to do Financial Planning?

Very rarely do people understand what true financial planning really means. Many assume that saving is sufficient for one’s financial plan or when they contribute to a company’s PF plan or when they obtain investment advice on tax saving investments. These are all smaller elements of financial planning. So...

Read More