January 17, 2017

PROS OF INVESTING IN MUTUAL FUNDS 

MoneyMindz.com India's First Free Online / On-call Financial Advisory

MoneyMindz.com India’s First Free Online / On-call Financial Advisory

Process of taking the money from various investors for investing in bonds, stocks, shares, debentures in a logical fashion is the Mutual Funds. Some people take a guess and purchase and interestingly, they succeed.              

However, some people, not knowing about financial products will take mutual fund and suffer. Moneymindz comes into this scenario, as we have a wonderful team of certified financial planners giving valuable advice to people in India regarding Mutual Funds.

Advantages of Mutual Funds As A Financial Product:

Some of the advantages of the mutual funds are given below as follows:

Choice of Schemes:  Mutual funds do have lot of schemes. Some schemes are complicated, and some are easy to understand. Moneymindz consists of huge team of financial advisors giving advice to people to rearrange your hard earned money.

Transparency:  Mutual funds are certified by different financial agencies in India. This makes it easy for customers/investors to do comparison of the mutual fund policies in a logical fashion. You get to known Net Asset Value (NAV) along with fund related details and other financial updates.

Tax Benefits: Various forms of investment are done under mutual funds by investors in India. These investments will be considered out of the tax net.

Well Regulated: Most of the mutual fund schemes will be registered with SEBI (Securities and Exchange Board of India). Strict rules are laid by SEBI to protect investors and promote them. Mutual funds are always under SEBI radar, so corruption is out of question.  

Tailored Service: Mutual funds do offer user friendly website, with customized service to get all info about your account. You can call Moneymindz and our certified financial planners will advise in buying and selling of mutual funds.

MoneyMindz.com India's First Free Online / On-call Financial Advisory

Cost Variations:  Mutual funds offers level playing field for people in India to invest. You can invest in low cost mutual funds to the highest cost mutual funds, as per your financial capacity.

Flexible In Nature: Most of the mutual funds schemes are flexible to cater to citizens of India. One can go ahead, redeem and purchase mutual fund shares, do online trading, or give call, send email to associates to known about product.

Transparent In Nature: Mutual fund policies are very transparent in nature. It is reviewed by many rating and publication agencies. Regular updates along with information on fund related holding helps to enhance capability of the mutual funds in India. 

TO KNOW MORE ABOUT MUTUAL FUNDS INVESTMENTS:

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A TO Z OF DEBT CONSOLIDATION

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MoneyMindz.com India’s First Free Online / On-call Financial Advisory

Interesting processes, where in you are taking a new loan to pay off other loans are known as Debt Consolidation.  It is a runaway hit in India, since most of them are having lot of debt to clear. Without a shadow of doubt, they will take major loans to clear of debt.

Moneymindz is India’s most accepted financial advisory company offering financial advice and financial freedom advisory mobile app to citizens of India.

Benefits of Debt Consolidation In India:

Some of the major benefits of the debt consolidation taking place in India are as follows:

Easier To Manage Finances:  Plays a vital role in superior management of your finance in a systematic and satisfactory manner. A single loan taken by you plays a major role in clearing rest of the debts.

Psychological Edge:   Debt consolidation always has been a boosting factor in offering peace of mind to the customers in India.

Enhance Credit Record: The moment one starts clearing the debt, credit rating along with the credit profile will improve a lot. You will have a long term taste of the financial health that has deprived you for many years.

One Bill Payment Multiple Clearance:  This is the best part, one bill payment can knock off the un-cleared debts in one shot.

Avoid Bankruptcy:  Superior form of debt consolidation play a major role in throwing bankruptcy out of the window. If you turn out to be bankrupt, then you lose right to take loan and other credits.

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Disadvantages Of Debt Consolidation In India:

Some of the major drawbacks of the debt consolidation in India are:

Destroys Your Credit:  The debt management company in India, can destroy your credit ratings, as they may not release the money required to clear the debt on time.

Issue Never Gets Resolved:  You take a loan to clear off other debts, however, your problem will never get resolved. You will have to do something to clear the major loan that you have taken, and it is an area of worry.

Huge Interest Rates:   When you undertake an effective debt consolidation, every possibility that loan you obtain will come with higher rate of interest. This can further put you in trouble and affect your planning.

Debt consolidation is always a hit in India, because people do not have sufficient finance to meet their needs.

TO KNOW MORE ABOUT DEBT CONSOLIDATION:

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GET COMMERCIAL AND BUSINESS LOANS 

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MoneyMindz.com India’s First Free Online / On-call Financial Advisory

Money is the fundamental part of business life. Some people in India love to work in companies and earn money. However, some of them believe in establishing own business and earn profits. Loan taken in order to set up/enhance/improve the business of the company is known as the commercial loans. It is also known as the business loans.

Type of People Availing Commercial/Business Loans:

Many small and big business houses are being set up in India. Setting up of small/big business houses is not an easy task. It requires lot of financial assistance and lot of challenges comes along with it. Getting funds is the major task for the establishment of the company. It is taken up by set of people given below as follows like:

ØSmall time entrepreneurs

ØService Providers

ØManufacturers

ØBig time entrepreneurs

ØSelf Employed Professionals

ØSmall time businessmen

Eligibility Criterion For Taking Business/Commercial Loans In India:

Banks and financial institutions in India are offering commercial/business loans. Some of the eligibility criterions available for taking up the business/commercial loans in India are given below as follows:

ØYou must be in the line of business for at-least 2/3 years with valid certificates.

ØOwnership document of property used for business purposes.

ØResidence Proof document.

ØPassport Size Photos.

ØIdentify Proof like Pan Card, Passport, Aadhar Card and Driving Licence.

How Can One Apply For Business/Commercial Loans?

It is very simple. One needs to follow certain steps like:

ØYou must have good repayment capacity.

ØVital documents must be available as per requirements.

ØYou must have database showing company’s performance.

ØStatement of Profit/Loss is mandatory showing the loss and profit of the company.

ØIncome and expenditure statement showing the expense and income of the company.

ØRobust business plan must be in place like equipment, employees, assets, marketing strategy as well.

ØGood credit score must be present.

ØIf you start a new company, concentrate on vision, mission, core ideas and presentations.

ØProper collateral must be there to avail business/commercial loans.

So, please have all the above mentioned documents in place to get a good commercial/business loans in India. 

TO KNOW MORE ABOUT BUSINESS LOAN:

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022 – 6211 6588

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