Smart People Do Smart Investments And Earn Up to 8.95% On Their Investments

Everyone wants to be the smartest person around – at least when it is concerning their wealth and financial matters. The definition of smartness can be different for everyone. Some people want to be smart enough to be able to invest in highest-paying options, while others want to be smart enough to know which is the safest option with high returns. In investments, a smart person knows his risk appetite and looks for options accordingly. He does not go beyond the riskiness levels he knows he can bear. If he cannot afford to lose a penny, he should be smart enough to not fall for promises of high and quick returns or stock tips.

How do smart people invest?

The markets will eventually tell you where you stand in your financial acumen. However, a smart person can always be the one who knows how to balance returns with safety and security. Blindly investing in mutual; funds and equity and few insurance plans without assessing if you really require is not the smart way to go. Follow these steps to understand if you are a smart investor-

  • You are aware of your risk appetite – This is determined by your age, number of working years left, income levels, number of dependents, money expenses and liabilities. These factors will give you an idea if you can invest in an option which can earn you high returns- as mostly high returns mean high risks.
  • Do your own research – Most people are too busy or too overwhelmed to do their own research when picking an investment option. Be a smart investor and do not just go by popular gimmicks. Chances are you have missed out an investment option which is safe as well as high paying in returns.
  • Explore fixed-income investments – While people chase equity, they forget to utilize various features in fixed income options. Returns in fixed income instruments are determined by interest rate levels. Some require more time than others to show returns. However, a high return investment easily available for you is Company Fixed Deposits. These are FDs by credible companies which are rated by famous rating agencies to assess their payback quality. You can easily earn 1-2% higher interest rates than bank FDs and gain high returns along with safety.

high return investment

Company Fixed Deposits and Interest Rates

Company fixed deposits earn the highest interest rates in the market. Credible and well-known companies like Bajaj Finance pay from 8.60% for a 5-year tenor whereas you would earn at the most 7.75% with a bank. If you are a smart investor, you will explore these quickly. There are various other features with a Bajaj Finance FD –

  • The credibility of payment – Bajaj Finance is a subsidiary of the Bajaj Group known for its credibility and trust. It has maintained this trust with a remarkable rating of MAAA (stable) rating from ICRA and FAAA/Stable from CRISIL. These should tell any smart investor that this is a good investment.
  • High ROI – Return on Investment is measured by dividing interest earned by initial capital. Bajaj Finance easily provides an ROI of 51% in a short duration of 5 years. A smart investor will understand that is far more stable and credible than volatility based investments in equity and mutual funds. You as a senior citizen can earn 8.95% in these Fds.
  • Other features matter as well – A smart investor has usually gone through many investment options before understanding the real pros and cons of each. He understands that ease of investing is essential.
  1. Bajaj Finance provides an online investment facility along with an online FD calculator to know your exact maturity amount on your chosen tenor.
  2. You can easily avail a loan up to 75% of the maturity amount when in dire need of immediate cash.

High FD interest rates with Bajaj Finance will aid your financial goals and using this you can be a smart investor without falling in the traps of financial agents.

Also Read: How To Make More Money With Just Rs. 5 Lakhs?

Read More

Share

How Women Entrepreneurs Get Benefited with Stand Up India Scheme

The 21st-century India is all about women empowerment. It is a good time for women to redefine gender stereotypes and make their dreams come true. The Indian Government has further promoted this move towards empowerment by launching special subsidy schemes, such as the Stand Up India, a Scheme for prospective SC/ST/women entrepreneurs. It came into effect on April 16, 2016.

Here are some features of this scheme, which makes it an ideal launching pad for women entrepreneurs.

  1. business loans for womenReady availability of capital

Before the launch of the scheme, most women could not secure the necessary funds to start their business. According to a survey published by the Global Entrepreneurship and Development Institute, 73% of prospective women could not initiate their companies in India as potential investors rejected their claims.

With limited sources of business finance, women entrepreneurs failed to create an impact in India. However, this new scheme is one of the great sources of financing for women for any Greenfield project. Loan amounts range between Rs. 10 Lakh to Rs. 1 Crore.

  1. Finance for start-ups

Apart from financing new businesses, the Stand Up India Scheme offers financial assistance for companies that are still considered as start-ups. With this scheme, women can opt for refinancing through the Small Industries Development Bank of India. The refinancing option aids struggling businesses to remain solvent.

  1. Quantum of loan

The money lent will cover 75% of the composite cost for your project. Therefore, if you need Rs. 20 Lakh to start a business, the loan received under the scheme will cover Rs. 15 Lakh of the total cost. However, to ensure 75% cover of the entire project, you must ensure that the funding from your side or other schemes does not exceed 25% of the total cost.

  1. Rate of interest

Stand Up India scheme ensures a business loans for women most at attractive interest rates. The rate of interest for the loan will be the lowest rate offered by that particular NBFC on its business loan products. Additionally, the interest charged should not exceed the total of the tenor premium plus 3% and Marginal Cost to Fund based Lending Rate or MCLR.

  1. Flexible tenor

Women entrepreneurs availing loans under this scheme can rest easy knowing they can choose an appropriate loan tenor as per their repayment ability. You can repay such loans within 7 years. You can pick a moratorium period up to 18 months for a loan under this scheme.

The Indian Government has set this scheme up in such a manner that each branch of the NBFCs and other Scheduled Commercial Banks in the country must sanction at least two such Stand Up India loans.

Stand Up India eligibility

Now that you know the various benefits of opting for a business loan under Stand Up India, here are some of the requirements you must match to benefit from this scheme.

  • You must be over 18 years of age
  • Your business must be a Greenfield project. Greenfield projects are entirely new businesses that do not involve remodelling or restructuring of an older organisation.
  • 51% of the stakeholder in a non-individual company must be held by women for the business to be eligible for availing loans under this scheme.
  • You should not have a history of default at the time of loan application.

If you are looking for sources of business finance to scale your dream venture and meet all of the requirements mentioned above, apply for the loan today. This scheme is one of the best ways to arrange business loans for women.

Read More

Share

Brain Teasers: A Tonic to the Brain

Have you ever experienced this feeling that a brain teaser kept on hogging your mind throughout the day? Well, if you have had an inclination towards getting involved into mind challenging puzzles and teasers every now and then you certainly know how it feels. It keeps engrossed, aimed, motivated and excited all the time unless you find a solution to it. And well, that makes you sharper, smarter towards the problems in your life. The brain teasers are fun ways of giving a rational way of thinking to your mind. There are different types of brain teasers and various levels of difficulties attached to these brain teasers that maintain the interest levels of different people from all across the world.

Here are some reasons that you should get involved into practicing and resolving more and more brain teasers to benefit your brains:

  1. brain teasersBoosts the activity levels of your brain:

When you try to solve a brain teaser you tend to get involved into a lot of activities of mind. Your mind becomes active towards finding the solution in various ways. For that phase of time, you tend to feel energetic, happy and thus all the negative and sluggish thoughts convert into positive mind energetic thoughts. Also we try to coordinate our thoughts with each other so that we can knit a web to trap the solution in our mind. Therefore, it is an amazing productive activity to play some brain teaser games or activities.

  1. Helps in dealing with depression:

As mentioned above, there are different levels of brain teaser questions. While some are simple, others are really difficult too. Let us connect it with the problem of depression. Depression generally occurs when we feel isolated and left out with our problems for a long period of time. The positive energy of the mind starts draining and we find lack of interest in everything around us. It can be with or without a reason too. But if we keep ourselves involved in some or the other brain teasers or brain games, we tend to throw a challenge to our mind. There is less time to feel lonely or isolated. At the same time, when we solve the problem we get a sense of achievement. When we do it in a group, we get the appreciation as well which is very much important for boosting the morale and overall mood of mind. Thus, we must consciously, time to time, involve ourselves as well as our children into solving some or the other brain teasers.

  1. Increases the retaining power of the memory:

It is a self explanatory point. As we try to resolve any problem, we tend to recollect all the facts as mentioned in the problem. We try to make a connection of various facts with each other and thus need to remember those connections too. This practice is actively useful in boosting the retaining power of the brain. if you feel that your forgetfulness is increasing day by day, you must resort into some interesting brain teaser activities.

There are various sources to find relevant and interesting brain teasers. You can buy books or download games or apps too that provide various brain teasers along with their answers. Internet is the best medium to find brain teasers and you can even share them on social media with your friends to make it more fun.

Read More

Share