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Showing posts from January, 2024

A Quick Guide To Finalise Mutual Investment Plans In 2023

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In the pursuit of financial independence, individuals often explore various investment avenues. Among the plethora of investment options available, mutual investment plans stand out as a favoured choice.  According to recent findings by  AMFI India, the Indian mutual fund industry is one of the fastest-growing in the world, with its AUM (assets under management) crossing ₹40 lakh crore (over $500 billion) as of October 2023. Therefore, understanding the nuances of these investment options, including the best mutual fund investment plans and associated investment options, is essential for those aiming to achieve long-term financial goals. Unveiling the industry of mutual investment plans Mutual investment plans, as most trusted investment options, pool money from individual investors with common financial objectives. These funds, managed by asset management companies (AMCs), employ skilled fund managers responsible for strategically investing pooled funds in diverse securities...

Things to know before applying for a small business loan in 2024

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Small business loans are the lifeblood of many entrepreneurial endeavours, serving as a critical catalyst for growth, expansion, and the fulfilment of various business initiatives. In the contemporary financial landscape, entrepreneurs are presented with a plethora of business loans for startups, each tailored to specific needs and circumstances.  This diversity arises from factors such as the nature of the small business funding need, the credit profile of the business, the duration of its operation, the availability of collateral, and other pertinent considerations. While traditional sources like local banks remain stalwart providers of small business loans , a nuanced understanding of the evolving financial terrain reveals a spectrum of alternative lending avenues that could potentially offer a more tailored fit for diverse business requirements. Traditional term loan at the bank A quintessential small business loan that often springs to mind is the traditional term loan offered...