July 18, 2024

Unlocking the Time-Saving Potential of Digital Banking Apps

9:28 am

The world of finance has undergone a significant transformation with the advent of digital banking apps. These technological marvels are convenient and incredibly efficient, saving users valuable time. In this article, we will explore five remarkable time-saving features offered by digital banking apps, each of which has revolutionized the way we manage our finances.

1. Mobile Check Deposits

Traditional banking often involved a trip to the bank to deposit paper checks, a time-consuming task. Digital banking apps have streamlined this process, allowing users to deposit checks via their smartphones. The app securely processes the transaction by simply capturing an image of the check with your phone’s camera. This eliminates the need for physical visits to a bank and empowers you to manage your finances effortlessly, no matter where you are.

2. Bill Payments and Transfers

Digital banking apps offer a seamless experience for bill payments and fund transfers. You can settle bills and transfer money between accounts without writing checks or visiting an ATM. The app frequently stores payee information, making future transactions swift and efficient. Moreover, recurring payment options allow you to set up automatic bill payments, reducing the time spent on financial chores.

3. Instant Account Balance Check

Digital banking apps have bid farewell to the era of waiting for monthly paper bank statements to check your account balance. Instead, these apps provide real-time balance information at your fingertips. You can monitor transactions, track spending, and ensure you always have a clear view of your financial situation without visiting a physical bank or ATM. This not only saves time but also minimizes the risk of overdrafts.

4. E-Statements

Digital banking apps offer electronic versions of account statements known as e-statements. These documents are easily accessible through the app, downloadable, or even sent via email. E-statements not only save paper but also save you time. You no longer need to await paper statements in the mail, and you can quickly search for specific transactions or statements, simplifying reconciling your finances.

5. Cardless ATM Withdrawals

Many digital banking apps now support cardless ATM withdrawals, a feature that enhances convenience and security. With this functionality, you can initiate a cash withdrawal at an ATM using your smartphone, eliminating the need for a physical debit card. Whether you’ve left your card at home or prefer not to carry it, this feature allows you to access your funds conveniently and securely.

Conclusion

Digital banking apps are not just about convenience; they epitomize efficiency and time-saving. They have democratized banking, making it accessible and manageable for individuals. With the time-saving features of mobile check deposits, instant balance checks, e-statements, cardless ATM withdrawals, and effortless bill payments and transfers, these apps empower users to take charge of their financial lives. You can now bank whenever and wherever you choose with IDFC FIRST Bank, leaving you with more time for the things that truly matter.

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4 Vital Financial Goals for Seniors

5:59 am

Financial goals can be an invaluable way to stay on the path toward your financial objectives, like creating an emergency fund and paying down debt.

Many 50-year-olds are at their peak earning period and have plenty of time to save for retirement or pursue other long-term goals, such as purchasing a home, paying tuition fees, or contributing to charitable organizations. A goals account can help but the following are also very important.

1. Build an Emergency Fund

An emergency fund can help you weather life’s storms without incurring debt, according to experts. They advise saving an equivalent of three to six months’ expenses in your rainy day savings account. Start by reviewing your budget, which should include regular costs such as insurance, utility bills, and groceries as well as discretionary spending such as streaming services, dining out, impulsive Amazon purchases, or vacations which could be reduced each month so more money goes toward your savings goal.

If you’re having difficulty saving for emergencies, set small goals and work your way towards them. Achieving these mini-goals can give you the motivation to continue and eventually hit that larger savings goal. Other ways of saving may include buying generic brands, meal planning ahead of time, and downgrading cell phone plans as well as working overtime or having no-spend months or working overtime hours. Finally, set an automatic transfer from each paycheck directly into savings so it doesn’t get spent elsewhere accidentally.

2. Earn a Higher Salary

Setting financial goals can be an excellent way to change your mindset, habits, and ultimately your life. But it’s essential to set SMART financial goals that meet both current conditions and prioritize needs.

An abstract goal like “raise credit score” might not provide sufficient incentive to work toward it; by contrast, setting specific and measurable targets like “increase credit score from 680 to 760 in 12 months” would make your goal more measurable and obtainable.

Earning a higher salary can help your finances and expand the amount of money available for spending, helping pay off debt or save for future goals. A steady source of income such as an increase in salary also can assist with budget-busting expenses like aging care costs.

3. Buy Your Own Home

Before making the leap to homeownership, it’s essential that you carefully assess your portfolio and consult a trusted financial advisor. SmartAsset’s free tool connects you with financial advisors in your area who can help determine if now is an opportune time to purchase a home and achieve other financial goals, like saving for retirement. Purchasing a home should only make financial sense when planning the right budget is established and followed. Doing this ensures you don’t spend too much of your income on housing alone and risk becoming house-poor; rather, this will allow enough left over for other expenses like utilities and maintenance without draining away all your savings.

4. Save for Retirement

Calculating how much to save for retirement and your goals account can be a complex and time-consuming undertaking, though some general guidelines exist such as saving two times your annual salary by age 35, or using the 25x rule, which estimates future expenses and multiplies them by 25 in order to calculate what amount needs to be set aside in order to live comfortably during retirement.

Singletary suggests that putting long-term goals as your top priority may make achieving them simpler. This includes creating an emergency savings account, building up an investment portfolio, and paying off debt before setting new savings targets.

Attain your savings goals faster by working additional years to increase your income and savings for retirement. Once you’ve done this, cut down spending and save more quickly to reach long-term goals more quickly – living off less than what you earn will free up more of your funds for investing and paying down debt.

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Importance and Different Uses of Cash Advances Members Benefit From

4:35 am

Money is a critical aspect of daily living as it helps in the payment or purchase of things we need daily. The lack of cash makes life difficult since meeting daily needs becomes a struggle. In extreme cases, being unable to meet everyday needs makes it even more stressful, especially if you are the breadwinner in the family. Sometimes, you need more than the money you make in a month to cater to your monthly needs for one reason or another, making it necessary to acquire extra cash to fill in the gap. Different ways to get extra money include bank loans, online applications, borrowing, and cash advances.

Loans require several credit checks to ensure you are eligible for the loan and can make payments with no records of defaulting. The checks delay the process and limit your chances of successfully getting the loan, and this works to your disadvantage since you need the cash urgently. Dave provides a cash advance service with multiple benefits, making it a suitable option for your money needs. The different benefits of the cash advance provided include the following:

Quick cash

In most instances, when you decide to take out a loan, it means that you have an emergency expense that you can’t meet at the moment and need to meet urgently. The urgency of the situation is the one that pushes you to take a loan since it’s not possible to wait until you get the next paycheque to have it sorted. If there are any delays in the loan acquisition process, then this causes you further stress. Cash advance has a turnaround time of five minutes or less and the capability of getting up to $500. The fast loan acquisition process works perfectly to help you meet your urgent money needs without struggling.

Easy application process

The loan application process tends to be stressful, given the amount of documentation that must be filled out to get the applicant’s information. Additionally, the scrutiny process takes time to ascertain your creditworthiness. Dave’s cash advance has an easy application process that takes less than five minutes to get approved. The process includes downloading the application, linking your bank securely, and sending money to the Dave spending account. The quick and easy process makes it possible to get extra cash to solve your needs.

No credit checks

Credit checks help determine how credible you are to access a loan, which is time-consuming and minimizes the possibility of qualifying. You must have a good credit record to get the loan, and any credit issues automatically make your loan application denied. Dave’s cash advance provides you with extra cash with no credit checks, making it easy to get the loan quickly and without much struggle. Additionally, the process is simplified since there’s no need to fill out credit check documentation, further simplifying the application process.

No late fees

One of the things you consider when taking a loan is the charges involved, like the processing fee, interest rates, and late fee charges. The various charges enable you to plan well and decide whether to proceed or not with the loan. Lateness in paying a loan could sometimes be more intentional, but due to unforeseen circumstances, sometimes this leads to hefty fines in the form of late fees. Dave’s cash advance has no late fees, which further makes them suitable for your quick cash needs and makes it easy to clear the loan without any additional amounts.

Different uses of cash advance

Different individuals take cash advances for varied reasons, depending on their individualized needs. The need determines the amount one requires and applies for, and its quick and easy access makes it easy for one to meet their needs and live stress-free. Some of the different uses of the Dave cash advance include the following:

Food and groceries

Basic needs within the household are vital for the healthy living of everyone and must always be met. Eating healthy and well helps prevent various health issues that require more money for medical bills. An analysis of Dave’s cash advance members shows that 56% of the applicants use the money for food and groceries, which is the majority. This further highlights the importance of having enough food within the household to take care of yourself and your household.

Gas

Mobility is critical in helping you move around from one place to another for work or running personal errands. To be mobile, you need gas for your vehicle, which gives you the ability to run your errands. Lack of money for gas hinders your movements, and that’s where cash advances come in to fill in your money shortages and ensure that you have enough cash to buy gas.

Car payments and insurance

Your car helps you to get from point A to point B, and the payments need to be up to date to avoid it being repossessed or having issues with the law. You need to meet the car payment deadlines consistently, and if you can’t make the payments when they are due, Dave’s quick cash advance comes as a solution, enabling you to avoid missing your expenses, which would further affect your credit score.

Rent and utilities

Having a roof over your head is vital, giving you a place to lay your head after a long day at work or running errands. Meeting your rent and utility bills gives you the desired comfort within the home and minimizes the possibility of foreclosure. Dave’s cash advance provides you with the extra cash to meet your rent and utility bills if you run out of money.

Conclusion

A cash advance gives you the extra cash to cater to emergencies or needs. The cash advance has different benefits, which provide you with the financial capacity to take care of your different needs like food and utilities, gas, rent, and utilities. The quick access to the cash advance and high limits make it a suitable option for anyone with a cash advance need.

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Multi-Family House Investment – Where to Start When Considering Financing?

7:28 am

Entering the world of real estate investment, particularly multi-family housing, is a path paved with potentially lucrative opportunities. These properties offer a steady income stream, benefit from economies of scale, and can provide a robust return on investment. However, one critical aspect to consider when venturing into this real estate segment is financing. Without a strategic financial plan, your investment journey might face unnecessary challenges. In this article, we’ll outline the starting points you need to consider when financing a multi-family property investment.

  • Understanding Multi-Family Financing

In essence, multi-family properties are residential buildings designed to house multiple separate families in distinct units. They range from duplexes, triplexes, and fourplexes to larger complexes with hundreds of apartments. As with any real estate investment, buying multiplex housing typically requires a significant capital outlay. That’s where financing comes into play.

When planning your financing, start by understanding that lenders typically view multi-family properties as less risky than single-family homes. Why? Because even if one tenant leaves, the property still generates income from the remaining units. That means, while financing a multi-family property might seem daunting due to the larger loan amount, the perceived lower risk can result in more favorable loan terms.

  • The Search for the Right Lender

Selecting the right lender is a crucial starting point in financing your multi-family property investment. Traditional banks, private lenders, and government-backed entities all offer different types of multi-family loans. Your choice of lender will largely depend on your specific needs and circumstances, so thorough research is key.

Before you approach a lender, prepare a comprehensive financial profile, including your credit score, down payment, income, and a detailed business plan outlining your investment strategy. Having this information ready will not only streamline the loan application process but also improve your chances of securing the best possible loan terms.

  • Types of Loans

Financing options for multi-family properties are diverse. Conventional mortgages, government-backed loans, and commercial loans are all viable options, each with their own pros and cons.

Conventional mortgages are a good fit if you’re buying a smaller multi-family property (up to four units) and plan to live in one of the units. However, if you’re investing in larger properties or won’t be an owner-occupant, commercial loans or government-backed loans may be a better fit.

Government-backed loans offer competitive rates, longer terms, and higher loan-to-value ratios. They can be especially beneficial for first-time investors or those with less-than-perfect credit.

  1. Navigating the Down Payment

Down payments for multi-family properties are usually higher than for single-family homes, typically ranging from 20% to 25% of the property’s price. However, if you plan to live in one of the units, you might qualify for lower down payment options through an CMHC loan or other owner-occupied loan programs.

To save for your down payment, consider strategies such as setting aside a certain amount of your income each month, leveraging a home equity line of credit on your current residence, or pooling resources with a partner. It’s important to prepare yourself for a proper down payment when investing in such property.

Conclusion

Financing a multi-family property investment is a significant undertaking, but with the right strategies and resources, it can be a fruitful venture. Start by understanding the nuances of multi-family financing, select the right lender, explore various loan options, and strategically navigate the down payment process.

The journey may seem complex, but the reward—a steady income stream, increased diversification, and the potential for significant ROI—can make it well worth the effort. With due diligence, sound financial planning, and perhaps some professional advice, you can unlock the potential of multi-family housing and set yourself on a path to real estate investment success.

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Here are six benefits of an online SIP calculator!

11:48 am

There are two investment modes for a mutual fund investment. The two modes are the lumpsum investment mode and the SIP (systematic investment plan) mode. By opting for the SIP mode, you can invest in your mutual fund regularly every month. On the other hand, you invest in your mutual fund in full in the lumpsum mode. Whether a lump sumor SIP investment, have a clear idea of the investment amount. Use a SIP calculator if you want to determine your required investment amount.

What is a SIP calculator?

A SIP calculator is an online mutual fund calculator that gives you an idea of the returns your portfolio could enjoy when you invest in SIP. They are a popular investment mode among young professionals as SIP investments do not require full-time payment like the lumpsum mode. However, they do not provide the exit load and expense ratio. The calculator will calculate the estimated returns by using the following formula:

M = P × ({[1 + i]^n – 1} / i) × (1 + i).

In the formula above:

  • M =The amount you could receive on maturity
  • P = The amount invested
  • N = Payments made
  • I = Rate of interest

How do SIP calculators work?

The Systematic Investment Plan Calculator helps you find different investment-worthy products within your affordable range. It does so by using data inputs of your details.

What are their benefits?

Here are the six advantages associated with SIP calculators:

  • Instant calculation:

Systematic investment plan calculators are easy to use. Just fill in some details and get the required investment amount instantly.

  • Personal schemes:

SIP calculators provide personalised results. A SIP calculator shows different plans when you input personal details. A personalised scheme will cater to your investment capabilities and risk appetite.

  • Accommodates small amounts:

You can also invest in lower amounts if you do not have enough money. These calculators can also help you find products in a lower price range. Just set a lower limit on the calculator. You can later opt for expensive investments from the returns of small investments.

  • Up-to-date investment options:

Systematic Investment Plan Calculators consider real-time stock values for SIPs. So, you can see the present condition of the market. These calculators also provide the projected growth of each mutual fund scheme based on its past performance.

  • Systematic approach:

These calculators have a systematic approach to systematic investment plans as they provide insight into how to invest in SIP. You also get an idea of ways to diversify your investments, investment amount, and duration by using SIP calculators.

  • Free-of-cost:

SIP calculators are free to use, and they are easily accessible online. You can use these calculators regardless of your location, and there are no restrictions on the number of times you can use them.

Conclusion:

Systematic investment plan calculators will help you choose the best SIP that can help you increase your wealth. You can learn the different investment possibilities for your SIP requirements. These calculators help you create the perfect SIP mutual fund portfolio.

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Why Compare Car Insurance Online?

5:54 am

Why Do Online Auto Insurance Comparisons?

While purchasing auto insurance, you should look for a policy with a high benefit level at a reasonable price. As a result, you should evaluate various policies to compare their features, costs, and suitability. Insurance comparison tools are available online and offline. To locate the coverage that satisfies your needs, you can compare car insurance policies online quickly, easily, and conveniently.

Here are a few advantages of online car insurance policy comparisons.

  • Worth the money

You can determine if car insurance coverage suits your budget by comparing policies based on how much they cost. When compared to a Comprehensive plan, a third-party policy is less expensive. Yet it also provides less protection than a Comprehensive policy.

  • Insurance choices

You can better comprehend the characteristics of a policy that might provide the best suitable coverage by comparing them. When compared to a Comprehensive policy with the Zero Depreciation add-on, a Third-party auto insurance policy provides the least level of coverage. You will have a comprehensive understanding of the coverage provided by each type of auto insurance policy, thanks to the comparison.

  • Superior services

You may learn more about the services included in each policy by comparing different auto insurance plans. It is crucial to take into account the post-purchase services offered by various insurance companies.

Various Forms Of Auto Insurance Policies

  • Vehicle Insurance for third parties

Comparatively speaking, a Third-party policy provides less coverage than a Comprehensive policy. It only protects you in the event that you cause injury to someone or damage to their property or vehicle while operating your covered vehicle. You cannot, however, file a claim for harm done to your car. The Motor Vehicles Act of 1988 makes purchasing third-party automobile insurance a requirement.

  • Comprehensive auto insurance

In contrast to a third-party policy, comprehensive coverage will cover both own damages and third-party damages. This means that Comprehensive coverage will pay for damages to your car in the event of a collision, fire, natural disaster, man-made disaster, or theft.

essential criteria for comparing auto insurance policies

Understanding the criteria to compare various policies is necessary before you start doing so:

  • Price: The cost of replacing or repairing a car might be high. Do not skimp on the policy’s features, even when the price is the main consideration. Browse around to compare pricing provided by various insurers. But don’t forget to consider the covers you require. Choose car insurance that fits your needs and your budget.
  • Coverage: Look for add-ons like Zero Depreciation, Return To Invoice, Roadside Assistance, etc., in addition to the essential coverage. Before purchasing insurance coverage, you must be completely aware of your driving practices.
  • Customer reviews: You do not want to spend money on vehicle insurance just to find yourself unprotected in trying circumstances. It is crucial to read customer evaluations and educate yourself on the claim settlement ratio. Also, spending some time researching the post-sale services offered by the business may be helpful.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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When should a business open a current account?

5:26 am

A current account is a bank account commonly used by businesses to manage their day-to-day financial transactions. Businesses need to open a current account when they are looking to manage their finances effectively and efficiently. However, opening a current account is not always necessary, and it’s important to understand when it’s appropriate.

What is a current account?

A current account is designed for businesses with a high transaction volume and to manage their finances more efficiently. A current account offers features such as overdraft facilities, cheque books, debit cards, and internet banking facilities, making it easier for firms to manage their cash flows.

When should a business open a current account?

Here are a few reasons when a company should consider opening a current account:

  • High volume of transactions

A current account is an ideal option if your business has a high volume of transactions. Current accounts provide unlimited transactions, meaning you can deposit and withdraw money as often as you need. This makes it easier for businesses to manage their finances and cash flows.

  • Need for an overdraft facility

An overdraft facility is a feature offered by current accounts that allow businesses to borrow money from the bank up to a certain limit. This can be useful for businesses that experience occasional cash flow problems. It is also helpful for businesses that have seasonal fluctuations in their sales, as they can use the overdraft facility to bridge the gap between payments received and payments due.

  • Multiple payment methods

A current account allows businesses to make and receive payments in multiple ways, such as cheques, debit cards, and online banking. This flexibility makes it easier for firms to manage their finances and provide payment options to their customers.

  • Business growth

As a business grows, it needs to manage its finances more effectively. A business current account provides features such as online banking, which allows businesses to track their transactions and manage their finances more efficiently. It also allows automated payments, making it easier for businesses to pay their bills and manage their cash flows.

  • Business structure

If you have a registered business, it is advisable to have a current account in the business’s name. This will help you keep your personal and business finances separate and make managing your taxes and other legal obligations easier.

Legal obligations

There are certain legal obligations that businesses need to comply with, such as filing taxes and maintaining proper accounting records. A current account can help businesses fulfill these obligations by providing a record of all transactions and making it easier to manage finances.

Benefits of having a current account

Easy management of finances: A current account makes it easier for companies to manage their finances as it provides a single platform to manage all their financial transactions. Businesses can easily track their expenses, make payments, and receive funds, making it easier to track their cash flow.

Access to credit: A current account can also give businesses access to credit, which can be essential in times of financial stress. Banks and financial institutions are more likely to offer credit facilities to businesses with a current account, as it gives them a better understanding of the business’s financial health.

Ease of international transactions: If a business deals with international transactions, having a current account can be particularly useful. It provides businesses with access to services such as currency conversions and international wire transfers, which can be expensive and time-consuming to do through other means.

Conclusion

A current account is essential for any business to manage its finances effectively. Choosing the right current account for startups or business can make a significant difference in managing cash flow and ensuring that all financial obligations are met on time. If you are a business owner, it is advisable to research the various options available for current accounts and choose the one that best suits your business’s needs.

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What is Experian Credit Score and How is Is Different from CIBIL Score?

9:54 am

Loan apps and credit cards have made financing easier than ever. Today, you can easily avail instant cash through a loan app or make new purchases using a credit card. But to conduct these borrowing and lending in a safe environment, lenders rely on the credit bureaus to give a detailed insight on your credit behaviour. These credit bureaus maintain a detailed record of your borrowing history, a record of your repayment behaviour, missed instalments, closure of old loans, details of your credit card usage and more. Based on all these details, the credit bureaus assign you a credit score ranging from 300 to 900. This score plays a very important role when you apply for unsecured loans like an instant loan.

There are four major credit bureaus in India – CIBIL, Equifax, Experian, and CRIF High Mark. The score assigned by Experian is called as Experian Credit score and the score assigned by the CIBIL is called a CIBIL score.

About Experian and CIBIL

A popular CIC in India, Experian is a Securities and Exchange Board of India approved credit bureau. It is the first company to receive its CIC license under the Credit Information Companies Regulation Act (CICRA) 2005. The CIC assigns credit score to both individuals as well as organisations based on their credit history records that it collects from across institutions.

Now, while Experian received its first CIC status under the mentioned Act of 2005, CIBIL is the first credit bureau in India. It is one of the most widely used credit bureaus for the purpose of accessing credit score of individuals as well as businesses. With credit records collected and maintained for over a 1,000 million customers, including businesses and individuals, TarnsUnion CIBIL is also the most recognised one in India.

The Experian and CIBIL Credit Score – A Common Ground

Before moving into the differences between the two bureaus, you must know the common points. The most important aspect is that the credit score issued by both the CICs span between the same range of 300 and 900. Also, the suitable credit score range for borrowing remains between 700 and 900 for both.

When availing a loan through a loan app a minimum score is not mandatory, but a high score from either bureau works in your favour. For borrower understanding, it is crucial to know that most popular loan apps rely on CIBIL for this score, especially for individual borrowings, as it is the widely accepted bureau.

Know How Experian Credit Score Differs from a CIBIL Score

  1. Object of credit score issue

The CIBIL score is issued with the objective of determining the repayment capacity of the borrower. Alternatively, Experian issues the score for financial position determination of the entity. This objective also impacts their overall acceptability in the Indian context of lending and borrowing. For instance, you may thus find lending platforms like loan apps that rely on CIBIL score for determining your repayment capacity.

  1. Calculating parameters

Even though the score ranges issued by the two bureaus are the same, the parameters they use for score calculation differ. Experian relies on the likes of loan record, current credit information transactions, account balances, etc., to determine the score. For CIBIL, these parameters vary across debt to income ration, credit utilisation ratio, credit mix availed, repayment history, and past repayment defaults to compute the score.

  1. Acceptability

Given that CIBIL has its origin in India even though backed by the American company TransUnion, it is widely accepted as a CIC here. It was also the first CIC of India and has most financial institutions as its members. Contrarily, the exposure of Experian at this scale is missing, thus restricting its acceptability.

  1. RBI approval

Credit score from CIBIL has also received the RBI approval for the purpose of assessing borrowing profiles. The Experian score has not received any such approval.

Conclusion

CIBIL score as well as Experian score are both credit scores assigned by these credit bureaus that help lenders assess the risk associated with your loan application. Though most of the parameters that both bureaus rely on to calculate the credit score are same, there are a few striking differences.

CIBIL uses the Empirical method to calculate your credit score, while Experian uses the FIFO technique to calculate the credit score. National institutes rely on the CIBIL score to take lending decisions, while, many global financial institutes rely on the Experian score.

Despite the differences, both CIBIL score and Experian score have distinct roles to offer for lenders as well as borrowers. Many lenders consider both the scores, or take an average of both the scores to analyse the risk associated with your credit profile.

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What is a broadcaster bouquet?

4:55 am

Gone are the days when television viewing was only limited to a select few channels. Today, you’ve got a huge array of channel packs to choose from. For example, the sports pack is meant for all the sports aficionados in your house, the movie channels for all the movie buffs and the list goes on. While the choice of content can depend on age groups, personal choices and more, there is no doubt that choosing the perfect channel pack is important for you (and everyone else in your home).

When you pick a channel pack for your DTH connection, you ideally look across a variety of channel packs. Now, amongst these channel packs, you will come across a variety of broadcasters too. Want to go the a la carte channels way? That could be expensive too. However, in the case of a broadcaster bouquet, you will get the same set of channels by the similar broadcaster.

Here’s an example for you to understand how the concept of broadcaster bouquet works. Let us take the example of sports channels for now. Now, in a single Sports Channel Pack, you will find a variety of broadcasters, such as DD sports, Ten Sports, Star Sports and more. However, if you choose broadcast bouquet plan from Star Sports, you will get the whole package of Star Sports channels, under one single channel pack. Therefore, if you are someone who wants to enjoy everything related to Star Sports under one umbrella, then a broadcaster bouquet pack is the perfect option for you.

Which is the best DTH connection to get a broadcast bouquet?

If you are looking for the best DTH plans in the market, then you will obviously come across a variety of DTH service providers. However, finding the best DTH plans isn’t easy, since there are a lot of service providers who promise a lot. But regardless of the high promises that they make, it’s not always possible for them to provide the best services.

If you are looking for an ideal DTH connection for your home, then these are some of the things that you should remember:

  1. Your DTH connection should have broadcast bouquet plans in it.
  2. There should not be any disturbances when you are watching content on your TV. Essentially, a connection upon which you can rely on.
  3. DTH recharge should be easy too. It would be quite uncomfortable if you have a DTH connection, but you cannot get the monthly packs recharged easily.
  4. You should also look for additional features, such as record & play, wide selection of channels and lots more.

Get an Android box

We would also suggest getting an Android smart set top box. Once you get a smart TV box for yourself, the entire TV experience gets transformed, and for the better. You get plenty of Android TV features, built in Google Chromecast, 4K picture quality, access apps on Google Play Store, stream OTT on your TV and more. All the smart TV features, without spending the same amount of money.

All these sound great to you? We suggest you look at the Airtel DTH recharge plans. They have a wide variety of channel packs, broadcast bouquet packs and lots more. Basically, everything that you would need from a reliable DTH connection.

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Five Things That New Investors In Sips Must Keep In Mind To Generate Higher Returns

10:27 am

Systematic investment plans could be a beneficial opportunity for beginner investors to start their investment journey. Instead of investing a larger amount of money, you can start by investing smaller amounts of money each month to slowly build your corpus. This factor could help beginner investors in many ways. To begin with, since the amount of money invested in the beginning is smaller, you have leeway even if you have invested in the wrong fund as you have time to switch.

But keeping a few things in mind when you invest for the first time can help generate higher returns. Below are five such key pointers.

Proper goal setting

A successful investment needs a proper goal. Without a goal, the choice of an investment may become unclear. Let us take an example to understand this more clearly. Let us suppose you are trying to create a retirement fund. You have a set goal here. That means you know that you should look for a longer-term investment option. But what will be your investment tenure if you don’t have a goal? This situation may lead to unclear or cloudy judgements. Hence, make sure you have a goal in mind before you begin to invest. 

Invest in funds that beat inflation

Inflation is something that may eat into your SIP returns. It is a phenomenon where your money’s purchasing power decreases. For instance, what Rs.100 you today could not be the same next year. Hence, you should consider inflation when choosing a fund to invest in. Ideally, the fund should comfortably beat inflation. In a lot of cases, your net returns are considered the total returns subtracted by the inflation rate.

To make sure you stay on top here, monitor the inflation rate and the growth rate of your fund throughout the tenure of your investment.

Mind the risks of your investments

Mutual fund investments come with their sets of risks, especially since there is market linkage. The amount of risk that each fund carries may be different according to the fund’s features and portfolio choices. For instance, a fund that carries more equities in its portfolio may have a higher risk compared to one that doesn’t. Here, choosing a fund that has the right level of risk becomes important. For this, you may first have to your risk appetite by talking to an investment expert.

Choose the right fund

Once you have the goal and risk appetite figured out, you have to choose the right fund as well. Now, the right fund is subjective. What works for you may not work for another investor, The best course of action is to choose a fund according to your goal. For instance, if your goal is to build an emergency fund, you may choose a fund that doesn’t have a lock-in period since liquidity is of high importance. Similarly, if you are doing retirement planning, you may choose a fund that is meant for the longer term.

Make sure you diversify

The saying ‘don’t put all your eggs in one basket is valid when it comes to investments. Hence, you should diversify your investments. Diversification can ensure that your portfolio is designed to grow and, at the same time, protect your corpus. You can diversify SIP investments by investing in multiple funds that have distinct characters. But ensure all the funds you choose are in match your investment horizon.

SIPs can be a beneficial investment option if you invest right. Follow the above pointers to make sure you get the best out of it.

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