home loan tax benefits

Can Home Loan Interest be Deducted on taxes

Owning your first house through home loan offers you great tax benefits. These benefits not only refers to your tax deductions but also help you in managing better cash flow. The following the deductions you will be able to claim when you take a home loan: Deduction on Interest:...

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mutual funds are better than fixed deposits

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...

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Investing in mutual fund

Can mutual funds be used as collateral?

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 SIP which is a way to financial freedom or redeeming your Mutual Funds. You can avail...

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financial planning

How to do Financial Planning?

Very rarely people understand what the real financial planning is. Lot people assume that the importance financiall planning means just saving money or contribute to an employer’s PF plan and get advice on tax saving investments to think they are all set. These are all the small elements of...

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