डेस्कटॉप ट्रेडिंग प्लेटफॉर्म की विशेषताएं

उन्नत चार्टिंग

डेस्कटॉप ट्रेडिंग प्लेटफॉर्म अपने ऑर्डर देने से पहले, एक सूचित विकल्प बनाने के लिए पैटर्न और बाजार के रुझान को पहचानने और उनका मूल्यांकन करने में मदद करता है। अपने पसंदीदा उपकरण की कई चार्ट विंडो को एक ही स्क्रीन पर व्यवस्थित करता है।

अनुकूलन योग्य इंटरफ़ेस

यूआई को अपनी पसंदीदा ट्रेडिंग शैली के अनुसार अनुकूलित करें। अपनी शैली के अनुरूप, फ़ॉन्ट, रंग, लेआउट और यहां तक ​​कि कीबोर्ड शॉर्टकट भी बदलें।

कीबोर्ड शॉर्टकट

अपनी आवश्यकताओं के अनुरूप कीबोर्ड शॉर्टकट कॉन्फ़िगर करें और तुरंत ऑर्डर दर्ज करें। कुछ कीस्ट्रोक्स के साथ, आप पदों की निगरानी कर सकते हैं, ऑर्डर दे सकते हैं, धन हस्तांतरित कर सकते हैं और बहुत कुछ कर सकते हैं।

वॉल्यूम विश्लेषण

डेस्कटॉप ट्रेडिंग प्लेटफॉर्म उन व्यापारियों के लिए वॉल्यूम विश्लेषण टूल की एक श्रृंखला प्रदान करते हैं जो अकेले चार्ट विश्लेषण द्वारा प्रदान की गई तुलना में बाजार की अधिक गहन समझ चाहते हैं। ये प्लेटफ़ॉर्म ऐतिहासिक समय जैसे उपकरण प्रदान करते हैं

सक्रिय ट्रेडिंग

सबसे अच्छा डेस्कटॉप ट्रेडिंग प्लेटफॉर्म वे सभी उपकरण प्रदान करता है जिनकी एक सक्रिय व्यापारी को संभवतः आवश्यकता हो सकती है, भले ही वे स्विंग, डे या स्केलपर्स हों। सबसे अच्छा अवसर और प्रवेश बिंदु व्यापारियों द्वारा मार्केट डेप्थ, मैट्रिक्स, सुपरडोम और स्कैल्पर जैसे पैनलों का उपयोग करके पाया जाता है। हॉट बटन और हॉटकीज़ की बदौलत ऑर्डर तुरंत भेजे जाते हैं और अवसर कभी नहीं खोते।

पैनल डॉकिंग

पैनल डॉकिंग और कनेक्टिंग के साथ, व्यापारियों के पास पूरी तरह से अनुकूलन योग्य इंटरफ़ेस के कारण अपने स्वयं के वैयक्तिकृत वर्कस्टेशन बनाने में पूर्ण लचीलापन है। डेस्कटॉप ट्रेडिंग प्लेटफॉर्म में पैनल आमतौर पर स्वायत्त होते हैं और व्यापारी द्वारा स्थापित दिशानिर्देशों के अनुसार कार्य करते हैं। 

पैनलों को एक साथ काम करने के लिए, एक व्यापारी उन्हें लिंक कर सकता है और उनकी निर्भरता स्थापित कर सकता है। प्रत्येक पैनल को अलग किया जा सकता है और व्यापारियों द्वारा एक अलग मॉनिटर पर उनके कार्यस्थल के अभिन्न अंग के रूप में उपयोग किया जा सकता है।

डेस्कटॉप ट्रेडिंग प्लेटफॉर्म के लाभ

प्रदर्शन

यदि आपका पीसी कम से कम औसत दर्जे का है तो आप निर्बाध बदलाव और उत्कृष्ट रूप से डिज़ाइन किए गए इंटरफ़ेस का लाभ उठा सकते हैं। यहां तक ​​कि सबसे अधिक भेदभाव करने वाले व्यापारी भी इन छोटी-छोटी जानकारियों से प्रसन्न होंगे। इसके अलावा, क्योंकि अधिकांश आवश्यक डेटा सीधे आपके कंप्यूटर की सुरक्षित मेमोरी में रखा जाता है, ट्रेडिंग प्रोग्राम अपने ऑनलाइन समकक्षों की तुलना में अधिक तेज़ी से कार्य करते हैं।

हर वो जरूरतमंद टूल 

डेस्कटॉप ट्रेडिंग प्लेटफ़ॉर्म डेवलपर्स किसी भी नई सुविधा को शामिल कर सकते हैं क्योंकि ये प्रोग्राम बहुत सारी रचनात्मक प्रक्रिया संभावनाएं प्रदान करते हैं। बेशक, यह ब्राउज़र के भीतर भी किया जा सकता है, लेकिन थोड़ी अधिक सीमित वेब डिज़ाइन योजना में विकल्प अभी भी सीमित हैं।

स्थिरता

जैसा कि आप जानते होंगे, कभी-कभी एक सर्वर – जिसमें वेबसाइट का सारा डेटा होता है – टूट जाता है या समस्या का अनुभव करता है। इस परिदृश्य में, उपयोगकर्ताओं को सर्वर रखरखाव के लिए इंतजार करने के लिए मजबूर होना पड़ता है जबकि वेब-ट्रेडिंग प्लेटफॉर्म क्षण भर के लिए काम करना बंद कर देते हैं। 

यह कभी-कभी एक बड़ा मुद्दा हो सकता है, खासकर यदि किसी व्यापारी ने एक अल्पकालिक योजना विकसित की हो जिसे पूर्व निर्धारित समय में पूरा करने का इरादा हो।

डेस्कटॉप ट्रेडिंग प्लेटफॉर्म के प्रकार

मालिकाना या वाणिज्यिक डेस्कटॉप ट्रेडिंग प्लेटफॉर्म, ट्रेडिंग प्लेटफॉर्म की दो अलग-अलग श्रेणियां हैं। इलेक्ट्रॉनिक ब्रोकरेज मॉडल की जरूरतों और ट्रेडिंग शैली की नकल करने के लिए बड़ी ब्रोकरेज फर्मों द्वारा प्रोप ट्रेडिंग प्लेटफॉर्म के लिए एप्लिकेशन बनाए जाते हैं।

इसके विपरीत, डे ट्रेडर्स और खुदरा निवेशक वाणिज्यिक डेस्कटॉप ट्रेडिंग प्लेटफॉर्म का फोकस हैं। वाणिज्यिक ट्रेडिंग प्लेटफॉर्म उपयोगकर्ता के अनुकूल हैं और अनुसंधान को आसान बनाने और व्यापारियों और निवेशकों को अधिक व्यावहारिक जानकारी प्रदान करने के लिए समाचार फ़ीड और चार्ट जैसे उपयोगी टूल से भरे हुए हैं।

सक्रिय ट्रेडिंग के लिए कई ट्रेडिंग टूल और रणनीतियाँ आवश्यक हैं जो रुझानों की पहचान करने में सहायक हों। सर्वोत्तम ट्रेडिंग प्लेटफॉर्म चुनने के लिए सक्रिय ट्रेडिंग की व्यावहारिक समझ आवश्यक है।

निष्कर्ष

आदर्श डेस्कटॉप ट्रेडिंग प्लेटफॉर्म प्रत्येक व्यापारी की अनूठी शैली और जरूरतों से निर्धारित होता है। डेस्कटॉप ट्रेडिंग प्लेटफॉर्म के बीच बढ़ती प्रतिस्पर्धा को देखते हुए, जो व्यक्ति भारत में विदेशी मुद्रा, स्टॉक, कमोडिटी आदि का व्यापार करना चाहते हैं, उनके पास ढेर सारी संभावनाएं हैं।

संक्षेप में, भारत में डेस्कटॉप ट्रेडिंग प्लेटफ़ॉर्म की बढ़ती स्वीकार्यता के साथ-साथ नई सुविधाओं की शुरूआत व्यापारियों और निवेशकों को इस लाभदायक ट्रेडिंग दृष्टिकोण के बारे में जानने और शायद इससे लाभ उठाने के दिलचस्प अवसर प्रदान करती है। तो, सबसे अच्छा डेस्कटॉप ट्रेडिंग प्लेटफॉर्म चुनें और आज ही शुरू करें!

The post डेस्कटॉप ट्रेडिंग प्लेटफ़ॉर्म: अर्थ, सुविधाएँ, लाभ और बहुत कुछ appeared first on Ayushman Uttarakhand.

Some of the electronic fund transfers are given below:

• IMPS (Immediate Payment Service) which provides instant 24/7 interbank electronic fund transfers in India via mobile, internet banking, or ATMs.
• NEFT (National Electronic Funds Transfer) which allows electronic fund transfers between different banks in India, processed in hourly batches.
• RTGS (Real Time Gross Settlement) which enables instant and real-time fund transfers of higher amounts between banks without batch processing.
• UPI (Unified Payments Interface) which the most common type of transaction nowadays in all sections of the business. It offers real-time payments between bank accounts using smartphones, providing seamless transactions.
• ECS (Electronic Clearing Service): It facilitates periodic and repetitive transactions like salary payments or SIP deductions.
• ACH (Automated Clearing House) which manages bulk credit and debit transactions in batches, commonly used for direct deposits and payments.
• SWIFT (Society for Worldwide Interbank Financial Telecommunication): It handles international money transfers between banks globally.

Now let’s see the charges of some of the transactions set by different banks.

IMPS charges ICICI bank

ICICI Bank imposes IMPS charges based on the transaction amount conducted at their branch: Check out the following to know IMPS charges, ICICI bank.

For transfers up to Rs 1 lakh: Rs 5 (+GST)

Transfers above Rs 1 lakh up to Rs 5 lakhs: Rs 15 (+GST)

However, when customers opt for digital routes like internet banking or mobile banking, ICICI Bank doesn’t impose any IMPS charges, aligning with other scheduled commercial banks in India.

NEFT Charges for ICICI Bank

RTGS charges for ICICI Bank

Online Transactions

• Charges: No fees for initiating an RTGS transaction through ICICI Bank’s internet banking platform. Online transactions incur zero charges.

Offline Transactions (Branch-initiated)

• For transactions above Rs. 2 lakh and up to Rs. 5 lakh: Rs. 20 + GST per transaction
• For transactions above Rs. 5 lakh: Rs. 45 + GST per transaction

Transactions initiated through other online modes like iMobile app, Mera iMobile app, and Pockets app do not incur any charges for NEFT and RTGS.

SBI RTGS charges

The SBI RTGS charges are as follows:

NEFT Charges (excluding GST) based on Transaction Amount

SBI RTGS charges

The following are SBI RTGS charges set by the bank:

These charges are applicable only when the transaction is carried out at the branch through the SBI RTGS Form. If you use the online channel for RTGS transfers, there is no SBI RTGS charges applicable. As per the RBI guidelines, RBI removed the RTGS processing fee on 1^st July, 2019. So, there are no processing charges for SBI RTGS transactions.

SBI RTGS limit

There is no upper limit for RTGS transactions and there is a minimum limit of 2 lakhs. So, you can go for this transfer option if you wish to transfer larger amount of money. If you wish to transfer lesser amount of money, you can go for SBI NEFT fund transfer. Let have a look at the details of SBI NEFT fund transfer.

SBI IMPS Fund transfer

IMPS stands for immediate payment service. It is for instant and real-time fund transfers which can be initiated anytime including weekends and holidays. IMPS allows customers to transfer funds instantly using their mobile phones, internet banking, or by visiting an SBI branch.

How to transfer fund through IMPS, RTGS, NEFT fund transfer option.

Online

• To make an IMPS, NEFT or RTGS fund transfer online, you should either log into your account through Internet banking portal or mobile banking portal.
• After logging in, go to ‘fund transfer’ option and you will find the transfer options mentioned above. Select whichever you want and tap on it.
• Then, enter the amount you wish to transfer. The bank may send you an OTP to authenticate the transaction. Enter the OTP and click ‘confirm’.
• Depending on the option you selected, some transaction may take time or some may be sent instantly.

To avail of Internet banking service, you need to register yourself for it. Follow these simple steps to register yourself for Internet banking services.

• Go to the official website of the bank wish to register with.
• There will be an option for registration under the ‘Online Banking’ or ‘Login’ section.
• You’ll be asked to enter details like account number, card details, personal information, and sometimes an OTP (One Time Password) sent to your registered mobile number for verification.
• Set up a user ID and password. Some banks might require a combination of alphabets, numbers, and special characters for a secure password.
• After registration, log in using the newly created credentials.

Banks often prompt users to set security questions, enable two-factor authentication, or link a registered device for added security. Do not forget the security questions and answers. It will help you recover your password in case you forget it.

The post Fund Transfer charges and limits appeared first on Ayushman Uttarakhand.

The Heart Of Success Strategic Planning

As the old proverb wisely asserts, “Failing to plan is planning to fail,” and nowhere is this more true than in the realm of personal finance. The Kotak Life Savings Plans is built on the foundational understanding that planning is the cornerstone of financial success. It offers a comprehensive platform that empowers individuals to seize control of their economic destinies, providing direction and purpose to their financial goals.

Encouraging users to set clear and realistic financial objectives, whether it’s the dream of home-ownership, funding a child’s education, or crafting a comfortable retirement, the Plan acts as a trusted roadmap. It guides individuals through the various stages of their financial journey, ensuring they stay on course to meet their aspirations.

The Artistry Of Saving

Saving money is an art that forms the bedrock of financial stability. The Kotak Life Savings Plan not only acknowledges the importance of saving but also introduces innovative features that transform the process into a seamless and rewarding experience. Offering customizable savings options, individuals can tailor their plans to align with their unique needs and preferences.

A standout feature is the plan’s flexibility, allowing individuals to choose between short-term and long-term savings goals. Whether saving for a dream vacation in the next two years or building a fund for a child’s education over the next two decades, the plan caters to diverse timelines and aspirations. This adaptability ensures that individuals can save at a pace that suits their lifestyle, providing the peace of mind that comes with financial security.

The Compounding Magic

In the words of Albert Einstein, compound interest is the eighth wonder of the world. The Kotak Life Savings Plan harnesses the magic of compounding to supercharge the growth of savings over time. By reinvesting earned interest, individuals witness their savings grow exponentially, transforming small, regular contributions into a substantial financial corpus.

This compounding effect is a game-changer, particularly for long-term goals like retirement planning. The plan leverages this power, empowering individuals to watch their savings flourish and ensuring they are well-prepared for the future.

Mitigating Risks And Ensuring Financial Security

Life’s journey is riddled with uncertainties, and the Kotak Life Savings Plan recognizes this reality. Equipped with features that provide financial protection and security, including insurance components, the plan safeguards individuals and their loved ones against unforeseen events such as critical illness or untimely demise.

This integrated approach to financial planning sets the this Savings Plan apart, offering a holistic solution that not only helps individuals save for their goals but also shields them from life’s uncertainties. The dual focus on accumulation and protection creates a strong financial shield, allowing individuals to face the future with confidence and peace of mind.

Seamless Access And User-Friendly Interface

The success of any savings plan hinges on accessibility and user-friendliness. The Kotak Life Savings Plan excels in this regard, providing a seamless digital experience that enables users to manage their investments effortlessly. The intuitive interface empowers individuals to track the performance of their savings, make adjustments to their plans, and stay informed about market trends that may impact their investments.

1. Seamless Access:

Their Savings Plan distinguishes itself by providing users with a seamless digital experience, ensuring easy and convenient access to their financial journey. This digital platform is designed to be intuitive and user-friendly, allowing individuals to navigate effortlessly through their investment management.

2. Empowering Interface:

With its user-friendly interface, the plan gives consumers the ability to take charge of their financial futures. People can easily follow the success of their savings with this user-friendly interface, providing them with real-time insights into their financial development. The flexibility and sense of control that Kotak Life Savings Plan provides are further reinforced by the option to make changes to their plans.

3. Informed Decision-Making:

Staying informed about market trends is crucial for making sound financial decisions. In addition to offering an intuitive user interface, the Kotak Life Savings Plan gives customers the resources they need to remain on top of trends. People have access to current market data in real time, which empowers them to make well-informed decisions that support their financial objectives.

4. Educational Resources:

Beyond its role as a savings guaranteed return plan, they go the extra mile by offering a plethora of tools and resources aimed at educating users about financial planning. This commitment to financial education fosters a sense of financial literacy and empowerment among users. By providing knowledge and insights, the plan transforms into a comprehensive financial wellness solution, setting it apart from traditional financial products.

5. A Holistic Approach:

Kotak Life Savings Plan’s commitment to user education and empowerment solidifies its status as more than just a financial product. It becomes a holistic financial wellness solution, guiding individuals not only in their savings journey but also in their overall financial well-being. This comprehensive approach distinguishes the plan, making it a valuable companion on the path to financial success.

Conclusion:

In conclusion, the Kotak Life Savings Plan stands as a testament to the power of strategic planning, disciplined saving, and a comprehensive approach to financial well-being. By seamlessly integrating savings and insurance, harnessing the power of compounding, and providing an accessible and user-friendly platform, they have crafted a tool that empowers individuals to take charge of their financial destinies.

For those embarking on a journey of financial success, this Savings Plan offers more than just a roadmap; it’s a shield against uncertainties and a means to turn aspirations into reality. Plan, save, and succeed – the mantra encapsulated by Kotak Life’s Savings Plan, is not merely a tagline but a heartfelt promise of a secure and prosperous financial future.

The post Plan, Save, Succeed: The Power Of Kotak Life Savings Plan appeared first on Ayushman Uttarakhand.

Trust Wallet Features:

Trust Wallet has comprehensive features that make it a reliable mobile wallet for all your cryptocurrency needs. It supports over 40 blockchains, including Bitcoin, Ethereum, Binance Smart Chain, and many more. The app boasts a user-friendly interface, making it easy to navigate and use. Moreover, users have full control of their private keys, meaning that they are the only ones who have access to their funds.

One of the most important features of Trust Wallet is that it is a non-custodial wallet, meaning that it does not hold onto your private keys or store your funds on their servers. This is an essential feature of Trust Wallet because it ensures that your digital assets are safe and secure, and you are the only one who can access and control your funds.

Benefits of Using Trust Wallet:

There are several benefits to using Trust Wallet. First, it provides users with complete control over their assets. As mentioned earlier, Trust Wallet is a non-custodial wallet, which means users don’t have to worry about the cryptocurrency exchange getting hacked, and they lose their assets. Secondly, Trust Wallet supports a vast range of cryptocurrencies, providing users with the ability to store, receive, and send digital assets with ease.

If you’re concerned about safety, Trust Wallet offers users the ability to set up multi-factor authentication to protect their wallet against any unauthorized access. Additionally, Trust Wallet is an open-source project, meaning that it is constantly being updated to fix any bugs and increase the app’s security.

How to set up Trust Wallet:

Setting up Trust Wallet is a straightforward process. Firstly, download the app from Google Play Store or App Store and install it on your phone. Once you’ve installed the app, you will be prompted to set up your wallet by creating a new wallet or importing an existing one. If you choose to create a new wallet on Trust Wallet, follow the on-screen instructions and write down the recovery phrase on a secure note. This phrase is crucial, as it allows you to restore your wallet and access your funds if you lose your phone or delete the app.

How to use Trust Wallet:

Once you’ve successfully set up your wallet, using Trust Wallet is simple. You can send and receive cryptocurrency by scanning QR codes or inputting the recipient’s public address. If you want to buy or sell cryptocurrency, Trust Wallet has a built-in DEX built into the app that allows users to trade cryptocurrencies with ease. You can also connect other crypto-related apps to Trust Wallet for more functionality.

If you’re looking for a secure and easy-to-use way of storing your digital assets, then Trust Wallet should be among the apps that make your top list. Developed by Binance, one of the largest cryptocurrency exchanges globally, Trust Wallet is a multi-crypto wallet that supports over 40 blockchains and allows you to buy, store, and sell cryptocurrencies. In this guide, we’ll dive into the Trust Wallet features and benefits, why it should be your go-to wallet, and how you can use it effectively.

Trust Wallet Features

Trust Wallet is a user-friendly and efficient cryptocurrency wallet that provides features such as:

Multi-currency Support: Trust Wallet supports over 40 blockchains, including all ERC20 tokens.

DApp Browser: The in-built DApp browser allows you to connect with various decentralized applications on the blockchain, including Binance DEX.

Security: Trust Wallet is built with the highest security standards; therefore, it provides you with private key encryption and secure passphrase recovery.

Backup and Recovery: Trust Wallet creates a backup of your account using a 12-word mnemonic phrase, making it easy for you to recover your funds anytime.

Buy and Sell Cryptocurrencies: With Trust Wallet, buying and selling cryptocurrencies is simple and straightforward.

Steps to Using Trust Wallet

Here are some simple steps you can take in setting up and using Trust Wallet effectively:

Step 1: Download the Trust Wallet application from the App Store or Google Play Store.

Step 2: Open the Trust Wallet app, and set up your new account.

Step 3: Copy your recovery phrase and store it securely.

Step 4: Transfer cryptocurrency to your Trust Wallet account.

Step 5: Use the in-built DApp browser to connect with decentralized applications, or buy and sell cryptocurrencies using the integrated exchange.

Benefits of Using Trust Wallet

Trust Wallet is the perfect wallet for storing your digital assets. Here’s are the benefits of using Trust Wallet:

Your funds are safe and secure.

It’s user-friendly and easy to use, with an interface that anyone can understand.

It supports multiple cryptocurrencies on various blockchains.

Buying and selling cryptocurrency is quick and easy with Trust Wallet.

You can access decentralized applications from within the wallet.

Conclusion:

In conclusion, Trust Wallet is an excellent mobile wallet app for anyone looking to store, send, or receive cryptocurrency. It is a non-custodial wallet, which means that users are in full control of their assets. Additionally, Trust Wallet supports a wide range of cryptocurrencies and offers multi-factor authentication for security purposes. If you’re new to the world of cryptocurrency, Trust Wallet is a great app to start your journey in this exciting market. We hope this comprehensive guide to Trust Wallet helps you understand the app’s features and benefits and how to set it up and use it.

Trust Wallet proves to be one of the essential apps for cryptocurrency users, providing both a secure and user-friendly interface to store, buy, sell, and interact with decentralized applications using your digital assets. Trust Wallet provides users with a high level of security and a range of features, including multi-currency support, DApp browser, backup and recovery, and easy cryptocurrency buying and selling. Trust Wallet is an exemplary wallet that meets the basic needs of a range of cryptocurrency users.

The post A Comprehensive Guide to Trust Wallet: Features and Benefits appeared first on Ayushman Uttarakhand.

To elaborate, individuals must determine whether investing in mutual funds via SIP can help them achieve their financial goals and build a reliable corpus down the down. 

This is where a financial tool like a SIP calculator can prove extremely helpful in ascertaining the SIP returns. Of course, investors can compute the returns on SIP manually. However, such a method is often cumbersome and runs the risk of errors. 

Take a look at the article below to know more about an SIP calculator and how the same plays a crucial role in investment planning. 

What is a SIP Calculator? 

A SIP calculator is an investment tool that is designed to help users estimate the returns on their systematic investment plan. The online investment tool weighs in factors such as principal amount, interest rate, tenure, and compounding frequency to determine returns on investment. 

Such a calculator comes preloaded with a formula that helps compute returns within a few seconds of entering investment details. 

The best thing about a SIP calculator is that the tool can be easily accessed online and can be used without paying any charges. 

SIP Calculator Formula

An online SIP calculator is loaded with the formula mentioned below to help users determine the returns on their investment –

FV = P [ (1+i)^n-1 ] * (1+i)/iFV

In the formula, 

FV denotes the estimated future value

P denotes the principal amount or investment value

i denotes the compounded rate of interest

n denotes the investment period (in months) 

r denotes the expected rate of return

Example of Systematic Investment Plan Amount Calculation

Suppose Naman plans to build a corpus in the next 24 months. So he decides to park Rs. 2000 every month in mutual funds via SIP in the hopes of generating a 12% return on the sum annually. Based on the SIP formula –

FV = P [ (1+i)^n-1 ] * (1+i)/iFV

FV = 2000 * [(1+0.01) ^24 – 1] * (1+0.01)/0.01

Note: the compounded rate of interest is 0.01 (i = r/100/12)  

Hence, at the end of the tenure, the SIP returns would stand at Rs. 54,486.

Indeed, the manual process of computing the maturity amount is quite cumbersome owing to the involvement of multiple steps. The same season also increases the risk of making multiple calculation errors, which will ultimately give inaccurate results. 

Investors can easily skip these hassles by simply using a SIP calculator and achieving error-free outcomes every time. 

Steps to Use an Online SIP Calculator

By following these easy steps one can access an online SIP calculator and simplify their investment planning significantly. 

Step 1: Find out a reliable website featuring a SIP calculator. Look for the websites of trusted financial institutions. 

Step 2: Navigate to the SIP calculator page. 

Step 3: Enter investment details

Step 5: Enter investment frequency, i.e., monthly, quarterly, or half-yearly 

Once these steps are covered, the investment tool will display expected returns and maturity amount instantly, with a proper breakdown. 

However, it is recommended to identify your personal requirements and investment goals beforehand to use the tool effectively. 

Features and Benefits of the SIP Calculator

The features and benefits of the SIP calculator make it an ideal investment tool for effective financial planning and more. 

That said, here are the key benefits of a SIP calculator –

Ease of access and usage

Typically, SIP calculators have a very simple design to ensure that it doesn’t overwhelm users or confuse them. The simple user interface requires individuals to provide only the key details of their mutual fund investment to help determine the returns on them. Additionally, one can easily access a SIP calculator online without paying any charges. 

Saves time

Since the SIP calculators offer automatic results as soon as all the key investment information is fed into it, the tool displays the outcome. This gets rid of manual calculations and saves one’s time and energy. 

In fact, this quick feature further allows users to make multiple adjustments to the value of the variables to compare different mutual fund investments via the SIP route back to back. 

Facilitates proper financial planning

As discussed, SIP calculators help compare different combinations of investment variables by allowing multiple readjustments. Such a feature helps understand which combination of tenure, principal amount, and compounding frequency will offer inflation-adjusted returns, that would be enough to meet future goals. Needless to say, such information can help plan a lucrative investment approach that will be ideal to ace their financial goals. 

Additionally, the tool also offers an idea of whether the intended investment could impact the user’s current financial standing. In turn, it helps them make a practical approach toward investing that doesn’t necessarily strain their current finances. 

While a SIP calculator serves as an all-rounder investment, it doesn’t necessarily prove useful when used to determine the maturity value of other investment options such as a ULIP, PPF, or a fixed deposit. To ascertain the returns on such investments, individuals must use a designated investment calculator to achieve accurate results. 

How to Boost Returns on Investment through SIP 

These simple tips can boost your SIP earnings by helping you to enhance your investment approach – 

Tip 1: Increase the amount you intend to invest in mutual funds via SIP 

Tip 2: Opt for a longer investment tenure to enjoy the benefits of the Power of Compounding that accompany the SIP option

Tip 3: Try to stay invested in the plan for a long time

Tip 4: Invest in high-yielding mutual fund schemes to build a robust corpus

Tip 5: Identify which compounding frequency works the best for your financial goals and choose the same accordingly

While these tips can help plan investment in mutual funds via SIP more effectively, it is recommended to invest as per one’s financial capacity. Investing more than one can afford will add unnecessary burden on the investor, and defeat the purpose of generating wealth in the long run. Moreover, it is crucial to keep one’s risk appetite in mind while investing. Exposing one’s portfolio to mutual funds with high risks will also make them prone to loss. 

To understand the impact of these variables on investment more clearly it is recommended to use the SIP calculator. 

The post The Basics of a SIP Calculator  appeared first on Ayushman Uttarakhand.

Overview of Personal Loans

Personal loans are a popular option for people who need money quickly and don’t have the best credit history. These loans can be used for a variety of needs, such as covering unexpected expenses, consolidating debt, financing home improvements, or paying off credit card debt. While personal loans can help you get out of a financial jam in the short-term, it is important to understand how they work and what kind of loan is best suited for your particular situation before making a decision. In this article, we’ll take an overview look at personal loans from types to qualifying for them, so you can make an informed decision about whether this type of loan is right for you.

Types of Personal Loans

There are several different kinds of personal loans available to individuals with varying levels of creditworthiness and income:

• Secured Personal Loan: A secured personal loan requires collateral (such as your house or car) in order to receive the funds. The lender holds onto the collateral until the loan is repaid in full; if you default on payments, they can repossess your property or take other legal action against you. This type of loan often has lower interest rates than unsecured options but comes with more risk.

• Unsecured Personal Loan: An unsecured personal loan does not require collateral but usually has higher interest rates and more stringent credit requirements than secured loans.

• Co-signer Personal Loan: A co-signer personal loan involves having a cosigner who assumes responsibility for paying back the loan if the borrower is unable to do so. This type of loan can help borrowers with low credit scores or income to secure a loan with better interest rates.

Factors Affecting Interest Rate on Personal Loans

Interest rates on personal loans vary widely depending on several factors, such as the borrower’s credit score and history, the loan amount and repayment period. Here is a look at how these factors can affect the interest rate you pay for a personal loan.

Credit Score and History

Your credit score is one of the most important factors in determining your interest rate for a personal loan. Generally, borrowers with higher credit scores will be offered lower rates as they are seen to be more reliable when it comes to repayment. On the other hand, those with lower scores may have to pay higher rates due to their riskier profile as borrowers. Additionally, lenders may also take into account your credit history when considering you for a loan if you have been late or missed payments in the past, then this could result in an increased interest rate or even being denied a loan altogether.

Loan Amount and Repayment Period

The amount of money you are borrowing can also make an impact on your interest rate as well as how long you plan on taking to repay it back. Generally speaking, smaller loans tend to be accompanied by lower interest rates than larger ones due to less risk from the lenders’ perspective however, this isn’t always true, so it pays to shop around. Additionally, a longer repayment period may result in a higher interest rate because there is more time for interest to accumulate.

The post Understanding Personal Loan Interest Rates  appeared first on Ayushman Uttarakhand.