FINOLOGY
What are Gen Z’s top 3 rules for investing & what are the red flags? Pranjal Kamra explains
Pranjal Kamra warns against accumulating personal loans and credit cards, emphasizing the importance of understanding asset classes, maintaining risk control, and being debt-free to avoid financial pitfalls. Kamra also says that for a beginner, it is virtually impossible to make money in categories like crypto and F&O. Either they border on gambling or they are such complex investment instruments by nature that it is not designed for a retail investor
Pranjal Kamra on how to curtail lifestyle expenses and save money
Pranjal Kamra, CEO of Finology Ventures suggests following the 50-30-20 rule, where 50% of income is allocated to needs, 30% to wants, and 20% to investments. Kamra also recommends avoiding impulse purchases by using UPI or debit cards instead of credit cards, setting up manual payments instead of auto debits, and uninstalling shopping apps to prevent unnecessary spending.
India's Think360 make top AI Fintech Companies List
FinTech Global is the world's leading provider of fintech information services, B2B media products and industry events, and serves a network of over 300,000 fintech professionals to provide them with essential business information and help them connect with potential investors, clients and partners.
Beware of these 4 frauds while making payments via UPI amid lockdown
There are various frauds associated with UPI payments, none of which are issues with UPI itself but are modes of deception. Therefore, it becomes important for you to secure your money from frauds associated with UPI payments.
What is the right money-making strategy for Gen Z? Pranjal Kamra explains
Youngsters should focus on earning more, saving more, and investing intelligently in step-by-step succession, says Finology Ventures' CEO Pranjal Kamra. Investing comes as the last step in one's financial journey, not a substitute for active income. To start via the investment route, Kamra encourages tapping into household names in the stock market that market products or services young people use.
Show gold more love by buying sovereign gold bonds : Pranjal Kamra
"Once one has invested in gold, you take exposure towards aspects that help maximize your returns in terms of where your country is going. And how do you play the growth story of your country by investing in your country's businesses? Gold is a great counterbalance to equity and equity in gold is a perfect jodi."
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How much should you invest in NPS to get Rs 75,000 pension per month after retirement?
NPS is one of the most-preferred instruments for retirement planning. If you want to earn a regular pension after retirement, use this NPS calculator to find out how you need to invest.
How to transfer your home loan balance
Existing borrowers can use strategies like balance transfers or prepayment choices to lessen the burden of their loan in order to lessen the impact of this rate increase. Check out the 10 banks with the lowest interest rates for home loans.
A new reality sets in for the fin-influencer
Creator earnings down by 30-40%; crypto exchanges, new-age fintechs slashed marketing budgets
Investors from non-metro cities flock to online brokerages, crypto platforms
The trend has come as good news for online financial investment companies, who are doubling down on content in regional languages, local partnerships, and tapping regional influencers.
How can you reduce the burden of education loan amid coronavirus pandemic?
For students and recent graduates, repayment of education loans has become a problem because hiring has almost come to a standstill. If you are finding it difficult to manage the repayment of your education loan, here is what you should do.
Smells like teen spirit: Young Indians keen on IPOs of new-age companies
Excited about investing in a product they use, millennial & Gen Z investors pad up for their IPO debut
Taxing times for Big Tech
In today's ETtech Morning Dispatch: Tata-owned 1mg plans one-hour medicine delivery; Consulting firms tap India amid WFH; and the rise of alt-meat in India.
Startups are giving brokerages a tech edge
They offer a range of products and services for investors — from helping them buy overseas equities to offering trade simulators
Tech-tonic shift: How brokerages are partnering startups to go digital
Gone are the days when brokers manufactured their products in-house. Now they partner with startups that offer these services in the digital mode. Startups are giving brokerages a technological edge with a range of products and services for investors — from helping them buy overseas equities to offering trade simulators.
A new Sebi rule is creating a snag for Robo Wealth Advisers
With the Securities and Exchange Board of India (Sebi) insisting on a physical agreement between financial advisors and investors, a move that will increase the costs of acquiring clients, these new-age firms providing algorithm-driven investment advice — known as robo advisory — are revisiting the viability of such platforms in their current form.
Robo-advisory becomes unviable for fintech firms following Sebi directive
Fintech companies and robo advisory services cater to investors, who can afford to invest only as low as Rs 500 in mutual funds
Crypto queries have wealth advisers in India in a tangle
The absence of laws or cryptocurrency regulations in India makes offering investment advice neither legal nor illegal — a situation referred in legal parlance as a regulatory ‘grey area’.
How to get loans even with a low credit score
The cut-offs in credit scores used for evaluating loan applications can vary across lenders. Some lenders set a high cut-off in credit scores while approving loan applications while others may approve loans to those with a lower credit score.
Bitcoin dazzles, silver shines in 2020; equity surprises positively
Returns from equities and equity funds were the highlights of the year, as Sensex and Nifty saw rapid recovery to record highs from a historic crash. Midcaps and smallcaps also came into their own.
MFs withdraw Rs 14,300 cr from equities in Oct; rebound least expected in 2020
Mutual funds withdrew Rs 4,134 crore in September, Rs 9,213 crore in August, Rs 9,195 crore in July and Rs 612 crore in June.
Equity MFs log Rs 7,200 crore outflow in Sept quarter on profit-booking
Investors pulled out over Rs 7,200 crore from equity-oriented mutual funds during the July-September quarter this year as expensive valuation diverted them towards profit-booking.
How millennials are investing using online financial services
A growing tribe of fintech startups offering low-cost solutions in the space of wealth management and stock brokerage have enabled young Indians to access lucrative investment avenues.
ICICI Bank, Axis Bank remove UPI transaction charges from websites but these banks have not
Private sector lender, ICICI Bank mentions ‘NIL’ under charges for UPI transactions on its website. The Axis Bank website shows an error message when you go to the ‘Change in charges for UPI’ page.
Remote working got this CEO to know his team better
Finology’s Pranjal Kamra says the lockdown has helped them streamline processes and identify weaknesses.
Should you use credit card autopay facility for phone, electricity bills?
If the auto-payment facility fails due to some technical glitches at your utility provider's end, it mostly becomes difficult to get the problem resolved. Therefore, you should be extremely cautious before opting for such a facility.
RBI extends moratorium on credit card dues by 3 months: Here's how it will impact you
You need to be even more cautious if you're planning to defer your credit card dues because those carry some of the highest interest rates among all financing facilities.
What RBI's announcement today means for your loans and fixed deposit interest rates
The RBI announced a host of measures today aimed at increasing liquidity in the economy.
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