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You can become a crorepati even with a monthly salary of Rs 25,000 - here s how

You can become a crorepati even with a monthly salary of Rs 25,000 - here s how
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How to be a crorepati! Use this simple SIP trick to save over Rs 1 crore with just over Rs 5,000 investment per month

Financial Literacy News: How to be a crorepati: SIPs allow you to invest a fixed amount in mutual funds at regular intervals, whether daily, weekly, or monthly. While standard

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BM Finance Fundas: All you need to know about personal loan

Further, credit card receivables of scheduled commercial banks, which used to attract a risk weight of 125%, have been hiked to 150% while NBFCs’ risk weights have been raised by 25% to 125%.

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BM Finance Fundas: How rule of 72, rule of 114 can help you

To understand the rule of 72 formula, you need to divide 72 by the expected annual rate of return. For example, say you invest Rs 1 lakh every year in an investment that earns 8% interest annually. Now if you divide 72 by 8, you will get 9 which gives you the number of years it will take for your money to double. So, your investment will grow to Rs 2 lakh in nine years.

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Mumbai sees huge growth in property sales; housing units worth ₹11,000 crore booked in Feb

Mumbai sees huge growth in property sales; housing units worth ₹11,000 crore booked in Feb Premium (Mint) Share Via Read Full Story Mumbai, the financial capital of India saw huge surge in property registration numbers in February, thanks to stamp duty cut by the Maharashtra government. Over 10,000 housing units were registered in Mumbai in February, the data revealed. To boost the ailing real estate industry amid coronavirus pandemic, the Maharashtra government in August announced to cut stamp duty on housing units from 5% to 2% until 31 December, 2020. From January 1 to 31 March, 2021, the stamp duty charges were reduced to 3%. The concession in stamp duty charges led to huge growth in property booking in Mumbai. At least 5,597 properties were booked in September while number increased to 7,929 in November, according to Inspector General of Registration (IGR) Maharashtra data. November witnessed registration of 9,301 properties, December 19,584, January 10,412 and February

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