Over the past five to seven years, the digital-payments sector has grown stupendously, transcending economic and geographical barriers. Naveen Kukreja, co-founder and chief executive officer of Paisabazaar, a digital lending platform, talks about five drivers of growth in the lending in the country. Digitisation: After the pandemic, there have been accelerated efforts by the industry to build digital capabilities. Thanks...
What was the problem you were grappling with? In April 2020, the country went into lockdown due to the Covid-19 pandemic, halting the lending industry and causing our revenues to drop by 90% in a month. We went through an existential crisis, unsure if we would recover and survive. We had to cut costs to stay afloat, which meant losing...
I am 59 years and will retire in March 2025. After my retirement, I will have a corpus of about ₹ 1.4 crore, of which 65% will be from SIP investments. From April 2025 onwards I wish to withdraw ₹55,000 per month via SWP and increase it by 6% every year for the next 23 years till I turn 83...
I am 44 years old and employed with an MNC. My current investments are in FD, PPF, MIS, NSC, VPF and NPS. I want to start a portfolio in mutual funds to fund the marriage of my two kids. One in 10 years and another in 15 years. I can spare up to Rs 30,000 per month for the same....
I am 34 years old and plan to retire by the age of 50-55. I have a six-month-old daughter. My take-home salary is Rs. 80,000 per month. I invest Rs. 7000 in the PPF, Rs. 4,000 in Kotka ELSS Tax Saver Fund, and also buy gold worth Rs. 10,000 every month. I have an HDFC term insurance for which I...
I am 40 years old and earn Rs. 50,000 per month after tax. I want to retire after five years and start a business. I have around Rs30 lakh in fixed deposits. I also invest Rs. 5,000 per month in mutual funds. I live in a self-owned house. How should I invest to earn Rs. 1 lakh per month to...
India today stands tall as one of the most dynamic markets globally with a strong economy, a young population, and a gold-standard digital infrastructure. The last few years have been an exciting time for India’s financial services, which have become a case-study for the world to emulate. I strongly believe that lending will help drive growth in the next five...
India today stands tall as one of the most dynamic markets globally with a strong economy, a young population, and a gold-standard digital infrastructure. The last few years have been an exciting time for India’s financial services space, with payments leading the way, building a case-study for the world to see. I strongly believe the next 5 to 7 years...
I am 48 years old and plan to retire by 2030. My yearly expenses are around Rs 20 lakh including education of my two kids. Major future expenses will include: Rs 1-crore corpus for higher education and around Rs 30 lakh for the medical needs of my mother. My current investments include MF portfolio of Rs 2.5 crore with 90%...
An efficient financial planning should always aim at generating optimum returns from an investment portfolio. However, making wrong investment choices or ignoring important investment fundamentals can create major gaps in your investment portfolio, which can adversely impact your portfolio returns over the long term. Here I will suggest some tips for fixing the gaps in your investment portfolio for generating optimum...
