Finance

6 Tips For Investing In Gold And Its Benefits

6 Tips For Investing In Gold And Its Benefits

Finance
Diwali, Dhanteras, Akshay Tritiya, birthdays, anniversaries, weddings – whatever be the occasion, the one gift that never fails to impress is gold. Not only is India one of the largest exporters of gold and precious gems, the domestic market for the yellow metal is also one of the largest in the world. Gold is much more than a mere adornment; it is one of India’s most favoured investment options. Even those with a little to no knowledge of the financial markets invest in gold. Let us have a look at a few tips that one must know when investing in gold.            Gold Is An Investment – The first thing you must understand is that like equity or fixed deposits, gold is an investment. It is best not to buy gold for superstitious or sentimental reasons but for financial ones.      Ty
What is gratuity and how can you calculate it?

What is gratuity and how can you calculate it?

Finance
According to a bill passed by the Parliament of India in 2018, the government now has permission to raise the cap of tax-exempted gratuity if and when required. Following this executive order, the gratuity ceiling for all government employees went up considerably to Rs. 20 Lakh. Additionally, this upper ceiling (Rs. 10 Lakh) for the private employees has been removed too. It gives employers the flexibility to change the cap on their tax-free gratuity without having to alter the primary legislation on the same. While such modifications at the executive level add on to the list of benefits for employees, one must have an in-depth idea about how to calculate gratuity amount and what it precisely is. Subsequently, individuals can plan their finances better in the future and strategies their...
6 Questions to Ask Yourself Before Applying for a Credit Card Online

6 Questions to Ask Yourself Before Applying for a Credit Card Online

Finance
9.13 million credit cards were added in India between February 2018 and February 2019. The easy availability of credit cards from several financial institutions has provided impetus to this growth. However, with these card issuers offering various benefits, it can be a challenging task for an individual to select the ideal card. You can ask these questions to yourself before opting for a credit card apply online procedure to make the most out of it. Is your credit score good enough? Card issuers determine your creditworthiness with the help of your CIBIL score. Hence, obtaining a clear idea regarding the rating you hold can help you significantly. It is one of the most important things to know before applying for a credit card. If your CIBIL rating is low, then you can incr...
What are the Best Equity Mutual Funds?

What are the Best Equity Mutual Funds?

Finance
Equity Mutual Funds invests in equity shares of companies. According to SEBI, if a fund invests 65% of its portfolio or more than that, then it is classified as an equity-oriented fund. The best equity mutual funds are those who invest more than 65% of its portfolio in stocks. Such funds are actively or passively managed. It is believed that the best equity mutual funds tend to give high returns on medium and long-term cap investment. They are considered risky because they are heavily invested in stocks. The value of the fund may fluctuate. In addition, because of this, aggressive investors prefer the best equity mutual funds. There are various parameters. You need to analyze before choosing the fund. Who should invest in Best Equity Mutual Fund? Before investing in any fund, you nee...
Here’s Why Good Payroll Software is so Important to Restaurants

Here’s Why Good Payroll Software is so Important to Restaurants

Finance
Have you heard about the lawsuit filed against famous chef José Andrés and his Mercado Little Spain restaurant in New York? Apparently, Andrés is being accused of purposely underpaying his staff over an extended amount of time. He denies any wrongdoing. Rather, he blames a software glitch that underpaid some employees and overpaid others. Unfortunately, the back-and-forth of this lawsuit has been ugly at times. Plaintiffs and their attorneys claim Andrés and his restaurant intentionally underpaid workers. They cite the fact that it went on for so long as evidence of it being purposeful. Andrés continues to blame the software glitch and has offered to make double restitution. He has even said those who were overpaid can keep the extra money. The point of this post is not to decide who i
Various Types of Payroll and Billing Software Solution

Various Types of Payroll and Billing Software Solution

Finance
Nowadays, a lot of companies who are using these different payroll and billing software solution. This can be used in two ways either for small businesses or in big, as long as it suits the standard of the company. Using this different software solution can help the payroll system and can save more time in the finance department of the company. This is an indication that the company is well organized and more manageable. Various Type of Payroll Software Gusto. This is one of the best payroll and billing software solutions which are the combination of the benefits and compliance platform. This is where every company can use the different features which are created for small businesses. The mission of this solution software is for the business to grow and help them improve in a lot o...
Waiting for Banks to Cut Rates? Learn To Pay Lower EMI Even if they Don’t

Waiting for Banks to Cut Rates? Learn To Pay Lower EMI Even if they Don’t

Finance
Were you surprised to find that RBI lowered the key rates, your home loan EMI amount did not come down? The banks did respond to the rate cut, but the response was insignificant. Does it mean no respite for you? No, it does not! The first thing you have to know is how to calculate home loan EMI. There are many easy to use online calculators that give you results in an instant. Read on to find out even if banks have not lowered interest rates; you can still lower your EMIs! Reasons for Derailment of Rate Cuts You need to understand why banks have not reduced the home loan interest rate significantly. Here are some of the reasons for that: No Direct Correlation The repo rates are applicable for banks only when they require to borrow from the RBI during a liquidity crisis. So, under ...
How To Maximise Money From Financial Advisors

How To Maximise Money From Financial Advisors

Finance
Payday loans are associated with the mortgage and other forms of loan have earned mixed reviews based on the actions of those who’ve accepted them. Whether they’re seen as bad or good isn’t quite the point, it’s whether they can be beneficial or not that matters most. Bearing from a constant cash shortfall can be just as stressful, if not more so, than an immediate need for extra cash. A mortgage is when there is a legal agreement between the two people the one who lend money and the one who gives money. With the guide of financial experts and other people from the field, people can pursue their wealth. Reasons To Hear Mortgage Advice In Getting A Payday Loans An Individual can’t get a loan in a Bank so easily. Mortgage brokers and financial advisors are related to availing payday
How to get the most out of property finance

How to get the most out of property finance

Finance
When it comes to Property Finance, it is important that you make the right choices, and that includes taking steps toward improving your credit score in order to qualify for lower interest and even getting your property loan approved faster. The following suggestions are some of the best possible ways to get the most out of your property finance; Make a Substantial Down-Payment The best way to get the best interest rates on property finance is to make a sizeable down payment. In most cases, a sizeable down payment will lower your interest rates in the long run and therefore you will pay back much less in total, particularly on the interest. As a minimum, the lender may expect a down payment of 20% on the value of the property, but you will likely get a much lower interest rate if you ...
How to buy stocks directly from a company

How to buy stocks directly from a company

Finance
The stock market today is highly volatile. But this should not stop you from investing. If you are careful and disciplined, it’s not difficult to fetch good returns. A trusted brokerage firm like Kotak Securities would guide you properly and help you get the highest dividends. This is, in fact, the only way to trade in India—you cannot buy stocks directly from a company. Trading through a broker You are not permitted to buy or sell stocks in India on your own. You need a broker to carry out such activities. This is actually a boon in disguise. Still in the dark? The two reasons given below will explain everything: Experience and research: When you trade through a registered and trustworthy stock brokerage firm, you can expect the very best results. The brokers associated with th

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