Given the volatile situation that we are in currently, it has become imperative for all to make wise investment decisions and not rush into things that are not priorities. This is that time of the year for which we all have waited eagerly for so long. Time for appraisals and bonus payouts! But it is also time to control your...
The rise of nuclear families, increasing life expectancy, rising healthcare cost, and absence of public-funded old age healthcare has increased the financial insecurity among retirees. Another growing concern for retirees or those approaching their retirement is the debt burden arising from education loans availed for their children’s higher education, at least in the initial years of their children’s professional lives....
I want to buy at least 40 grams of jewellery for my marriage in the next two years. What will be the best option for me to invest for a short-term goal like this? Should I buy a gold ETF, mutual fund or is there a better option available? I would suggest you to invest in Sovereign Gold Bonds (SGB), through...
Some small finance banks are giving lucrative FD options. Is it advisable to opt for such FDs at 8-9% returns than a normal debt mutual fund for short- to medium-term parking of funds? FDs opened with small finance banks offer higher capital protection and income certainty than debt mutual funds. The RBI has granted the status of scheduled bank to...
I expect to receive around Rs 75 lakh from the sale of an apartment. I do not intend to invest in another property. How do I invest this lumpsum amount in financial instruments? I am 47 years old and wish to adopt an aggressive style of investing. You should first check your long-term capital gains (LTCG) tax liability, if any, arising from your apartment sale. Section 54EC of IT Act...
Me and my wife (both 35 years old) are working in a private company and our net salaries are Rs 40,000 each. We have a Rs 20-lakh home loan in SBI which is insured and EMI is Rs 16,000 per month. Last month, we sold my parents property in my hometown and we got Rs 65 lakh for that property....
I am 40 years old and have taken a career break for a year. I received Rs 5 lakh as my gratuity and want to invest this amount in an avenue where I can get compounding interest. I want to use this money to end my home loan of Rs 18 lakh by May next year. I also have an LIC policy which will complete 10 years in December this year, so I will be able to withdraw Rs 4...
Paisabazaar is looking to accelerate its recurring revenue business model for lending business as the PB Fintech brand looks to cushion itself from any future shocks such as COVID-19. During the pandemic, the company had seen its 90% revenue disappear in a matter of weeks. Called trail book, it accounted for around 14 percent of the revenue during the June...
When the COVID-19 pandemic struck in 2020, Paisabazaar lost 90 percent of revenue almost immediately because financial institutions that were its partners stopped lending. At the time, the credit arm of PB Fintech used to earn all its income in upfront fees to generate leads for credit cards and loans. Drawing from that experience, Paisabazaar has since set itself on the path...
Paisabazaar is looking to clock a net profit from next quarter onwards, in line with its parent PB Fintech, Naveen Kukreja, cofounder and chief executive of the credit marketplace, told ET. The company has been earnings before interest, taxes, depreciation, and amortization (Ebitda) positive since the December quarter. For the quarter ended September 30, Paisabazaar reported total revenue of Rs...
