Category: Finance

Investing in mutual funds presents a variety of strategies to suit the diverse needs of investors. One popular approach in the Indian market is the lumpsum investment strategy. This method involves investing a significant amount of money in a single installment instead of spreading it over time. When done correctly, lumpsum investing can yield substantial returns, but it also involves a certain level of risk and requires a good understanding of market dynamics.

Understanding Lumpsum Investment

A lumpsum investment denotes committing a large sum of money into mutual funds at one go. This strategy is effective when the market is poised for long-term growth. Unlike the Systematic Investment Plan (SIP) where investments are staggered, a lumpsum investment leverages the power of compounding from the day of the investment till the end of the investment tenure.

For instance, consider that an investor puts ₹1,00,000 into a mutual fund that generates an annualized return of 12%. After 10 years, the investment would grow to approximately ₹3,10,584, calculated using the compound interest formula:

\[ A = P (1 + \frac{r}{100})^t \]

where:

– A is the amount of money accumulated after n years, including interest.

– P is the principal amount (initial investment).

– r is the annual interest rate (in percentage).

– t is the time the money is invested for (in years).

Substituting the given figures:

\[ A = 1,00,000 (1 + \frac{12}{100})^{10} = 1,00,000 (1.12)^{10} \approx 3,10,584 \]

However, it is critical to note that returns on mutual funds are subject to market risks and are not guaranteed.

Top Mutual Funds in India for Lumpsum Investment

When selecting mutual funds for lumpsum investment, it is essential to choose funds that have consistently performed well. Here are some categories and examples of some of the top mutual funds in India based on historical performance:

1. Equity Mutual Funds:

– SBI Bluechip Fund: A fund that invests in large-cap stocks and has shown consistent returns due to its diversified portfolio.

– HDFC Mid-Cap Opportunities Fund: This fund focuses on mid-cap companies, which have the potential for high growth.

2. Debt Mutual Funds:

– ICICI Prudential Long Term Bond Fund: A good choice for conservative investors who prefer stability and moderate returns.

– Aditya Birla Sun Life Corporate Bond Fund: Known for its steady returns and lower exposure to market volatility.

3. Hybrid Mutual Funds:

– HDFC Hybrid Equity Fund: Offers a balanced investment in equities and debt securities, providing moderate risk and good returns.

– ICICI Prudential Equity & Debt Fund: Opts for a diversified approach combining equities and fixed income.

Benefits and Risks of Lumpsum Investment

Benefits:

– Potential for High Returns: Investing lumpsum during market lows can yield higher returns when the market rebounds.

– Time-Saving: Single investment saves the hassle of frequent monitoring and additional transactions.

– Simplified Management: Easier to track and manage compared to multiple smaller investments.

Risks:

– Market Timing Risk: Investing a significant amount at once can be risky if the market drops soon after investment.

– Opportunity Cost: Investing all the money at once might mean missing out on better opportunities in the future if the market dips.

– Emotional Bias: Psychological factors can lead to poor decision-making during market volatility.

Strategy for Lumpsum Investment

1. Market Analysis:

Conduct a thorough analysis of the market trends. Investing in a rising market is preferred for lumpsum investments.

2. Diversification:

Spread the lumpsum amount across various funds and asset classes to mitigate the risks. Combining equity funds with debt funds can balance risk and return.

3. Risk Assessment:

Assess the risk tolerance before making an investment decision. High-risk appetite aligns with aggressive funds, whereas conservative investors should stick to debt or balanced funds.

4. Regular Review:

Periodic review of the portfolio is essential to ensure it aligns with the investment objectives and market conditions.

Conclusion

Lumpsum investment in India’s mutual fund market is a viable strategy for those with a substantial amount of capital and a thorough understanding of market dynamics. By selecting the top mutual funds in India and diversifying investments across various asset classes, investors can potentially maximize returns. However, it is crucial to assess market conditions, undertake comprehensive research, and understand the associated risks.

Disclaimer: Investors should evaluate all pros and cons of trading in the Indian financial market thoroughly. The past performance of funds is not indicative of future results. It is recommended to consult a financial advisor to understand the suitability of this investment strategy concerning personal financial goals and risk tolerance.

Summary

Lumpsum investment strategy involves deploying a large sum of money into mutual funds at one time. This approach can harness the benefits of compounding from the outset and potentially yield significant returns, especially when invested in top-performing mutual funds in India such as the SBI Bluechip Fund, HDFC Mid-Cap Opportunities Fund, ICICI Prudential Long Term Bond Fund, and more. While offering high returns and simplified management, lumpsum investing also carries risks like market timing, emotional bias, and opportunity cost. To make the most out of lumpsum investments, investors should conduct thorough market analysis, diversify their portfolio, assess their risk tolerance, and regularly review their investments. It is vital to understand the market dynamics and seek professional advice to align investments with financial goals.

Delhi, the bustling capital city of India, offers a vibrant market for second-hand cars, also known as pre-owned cars. Whether you’re a local resident or new to the city, navigating the complexities of purchasing a used car in Delhi requires careful consideration of various factors to ensure you get the best price without compromising on quality. This comprehensive guide aims to equip you with the knowledge and strategies to secure the best second-hand car price in Delhi, focusing on key considerations and effective negotiation tactics.

Why Consider Second Hand Cars in Delhi?

Opting for a second-hand car in Delhi presents several advantages:

1. Cost Efficiency: Second-hand cars are generally more affordable than brand-new cars, allowing buyers to get more value for their budget.
2. Variety: Delhi’s used car market offers a wide range of models, brands, and price points, catering to diverse preferences and needs.
3. Lower Depreciation: Used cars experience slower depreciation rates compared to new cars, potentially retaining their value better over time.
4. Environmental Considerations: Choosing a pre-owned car can also align with environmental goals by extending the lifecycle of vehicles and reducing overall carbon footprint.

How to Get the Best Second Hand Car Price in Delhi?

To ensure you secure the best second hand car price in Delhi when purchasing a second-hand car, follow these essential steps:

1. Research and Comparison

Begin your journey by conducting thorough research on various platforms:

• Online Portals: Websites like CarDekho, Cars24, OLX, and Quikr offer extensive listings of used cars in Delhi. Use filters to narrow down options based on your preferences such as budget, make, model, and mileage.
• Local Dealerships: Visit local dealerships and showrooms in Delhi to explore their inventory of pre-owned cars. This allows you to physically inspect vehicles and discuss pricing directly with dealers.
• Word of Mouth: Seek recommendations from friends, family, or colleagues who have recently purchased a used car in Delhi. They may provide insights into reliable sellers or good deals they have encountered.

2. Set a Realistic Budget

Determine your budget range based on your financial capabilities and the type of car you’re looking for. Consider additional costs such as registration fees, insurance premiums, and potential maintenance or repairs.

3. Inspect Thoroughly

Before finalizing a purchase, conduct a detailed inspection of the car:

• Physical Inspection: Check the exterior and interior for any signs of damage, rust, or wear and tear. Inspect the engine, tires, brakes, and suspension system.
• Test Drive: Take the car for a test drive to assess its performance, handling, and comfort. Pay attention to unusual noises or vibrations that may indicate underlying issues.
• Mechanical Check-Up: If possible, hire a trusted mechanic to conduct a comprehensive inspection. They can identify potential problems and provide an estimate of repair costs if needed.

4. Evaluate the History and Documentation

Request the following documents from the seller:

• Registration Certificate (RC): Verify the car’s registration details to ensure it matches the seller’s claims.
• Insurance Papers: Check the validity and coverage of the car’s insurance policy.
• Service Records: Review the vehicle’s maintenance history to understand how well it has been maintained and if any major repairs have been undertaken.
• Pollution Under Control (PUC) Certificate: Ensure the car complies with emission standards set by the government.

5. Negotiate Wisely

Armed with research and a thorough inspection, enter negotiations with confidence:

• Know the Market Value: Use your research to determine the fair market value of the car based on its age, mileage, condition, and location in Delhi.
• Point Out Imperfections: Highlight any issues or discrepancies you noticed during the inspection to negotiate a lower price or request repairs.
• Be Willing to Walk Away: If negotiations don’t meet your expectations or if the seller isn’t willing to budge on the price, be prepared to walk away and explore other options.

6. Consider Certified Pre-Owned (CPO) Cars

Certified pre owned car offer additional assurance of quality and reliability:

• Manufacturer’s Warranty: Some CPO programs include extended warranties or service packages, providing peace of mind for buyers.
• Multi-Point Inspection: CPO cars undergo rigorous inspections and refurbishments to meet manufacturer standards, reducing the risk of unexpected repairs.

Popular Models and Factors to Consider in Delhi’s Used Car Market

Delhi’s diverse population and commuting needs influence the popularity of certain models:

• Maruti Suzuki Swift: Known for its affordability, fuel efficiency, and low maintenance costs, the Swift is a favorite among urban commuters in Delhi.
• Honda City: Offering a blend of comfort, performance, and style, the Honda City appeals to professionals and families seeking a reliable sedan for city driving.
• Hyundai i20: With its sleek design, spacious interiors, and advanced features, the Hyundai i20 is a popular choice for buyers looking for a premium hatchback in Delhi.

Conclusion

Purchasing a second-hand car in Delhi requires careful planning, research, and negotiation skills to secure the best price without compromising on quality. By leveraging online platforms, visiting local dealerships, conducting thorough inspections, and negotiating effectively, you can navigate Delhi’s used car market with confidence. Whether you’re eyeing a budget-friendly hatchback like the Maruti Suzuki Swift or a sophisticated sedan like the Honda City, understanding these steps and considerations will guide you towards finding the ideal pre-owned car that meets your needs and fits your budget in Delhi. Happy car hunting!

Introduction 

Payment of the Gram Panchayat property tax has now become simple and convenient, thanks to the advent of internet technology. Now, villagers and homeowners can make the payment of the Gram Panchayat property tax from the comfort of their homes without the necessity of standing in long queues. This article elaborates on the step-by-step procedure for online payment of gram panchayat property tax.

The Significance of Gram Panchayat Property Tax

Gram Panchayat property tax is a levy that homeowners have to pay on their properties located within a distinctive panchayat’s jurisdiction. As a homeowner, it’s your civic duty to pay the tax promptly for the smooth functioning of the gram panchayat. The revenue generated from this tax is used for numerous developmental activities in the villages such as infrastructure, sanitation, building roads etc.

Transition Towards Online Payment

Traditionally, this gram panchayat property tax was collected in person and often incurred delays or errors. However, the introduction of digital platforms for tax payment has made this process accurate, efficient, and fast. Today’s online payment methods are orchestrated for simplicity and ease.

The Steps for Paying Gram Panchayat Property Tax Online

 Here are the steps to make your gram panchayat property tax payment online.

 1. Visit the Official Website:

Find the official website or the online tax payment portal of your respective panchayat.

 2. Choose Tax Payment Option:

 Once you’re on the website, look for the ‘online services’ or ‘pay your tax’ option.

 3. Enter Property Details:

In this step, you would have to enter your property details such as the property ID number or assessment number, which can be found in your tax notice.

 4. Review Tax Details:

The website will calculate your property tax automatically based on your details. Review the tax details and ensure the calculation is correct.

 5. Choose Payment Method: 

Pick a suitable payment method such as credit/debit card, net banking, or any wallet service.

 6. Payment Confirmation:

After payment, a digital receipt is generated which you must keep for future reference.

Understanding the Link with Mortgage Loans

As a homeowner, understanding the relationship between property taxes and mortgage loans is also essential. Generally, as a part of your mortgage loan agreement, the lender may include the cost of your home insurance, property taxes and other related charges in the monthly payment itself. This assures your taxes are paid on time, eliminating the risk of late fees or penalties and providing a hassle-free experience.

 By digitalizing your tax payments, you can negotiate better terms with your lender and might even save cost by avoiding surplus charges. Therefore, shifting to digital payments might prove beneficial in efficiently managing your mortgage loan and maintaining a clean financial slate.

 Conclusion

Paying the gram panchayat property tax has now lost all its complications and has become a simple task that can be done conveniently from home or any place with an internet connection. By embracing this digital approach, you are not only diligently performing your civic duties but also contributing to the seamless running and development of your town or village. Let this guide usher you towards a more hassle-free and punctual payment method of your property tax – an inevitable responsibility towards your community. Let’s welcome this change wholeheartedly, which values your time, convenience and above all, commitment towards development. 

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Money emergencies can strike at any time. From sudden medical bills to immediate car repairs, there are times in life when instant money is required. The transfer comes to your rescue in the form of a short-term loan, almost a life jacket at those times when one needs some breathing space from financial emergencies without the long-term commitment that goes with conventional loans. This article will help you get on board with understanding the basics and the pros and cons of short-term loans, along with how they can become a very precious financial tool if used wisely.

Short-Term Loans

Short term loans may be due within weeks or months. Unlike traditional loans that might have run for years, a short-term loan is taken to meet immediate expenditures and is usually paid off quickly. It mainly involves small amounts, making it available to a broad class of people.

Some Key Features of Short-Term Loans

Quick Approval and Disbursement: The greatest benefit associated with short-term loans is the speed at which a business can have it approved and disbursed. Most lenders recommend application procedures performed with the Internet; this could be just a question of minutes, with the money deposited in an account as soon as the same day.

• Minimal Documentation: Unlike traditional loans, which require extensive documentation and take a long time to approve, short-term loans usually require minimal documentation. In most cases, proof of income and identification may satisfy most lenders.
• Higher Interest Rates: The facility and speed at which one is offered a short-term loan usually make the interest rates more competitive than those of long-term loans. The borrower should be made aware of these rates when dealing with such loans and thereby plan repayments accordingly.
• Flexible Use: A short-term loan can help with anything, be it a medical emergency, house repairs, or even travelling. This fact makes them attractive to people who want money quickly for an unplanned event.

Kinds of Short-Term Loans

Several types of short-term loans are available to suit different needs and financial situations. Some common ones include the following:

• Payday Loans: The most common short-term loan form is the payday loan, in which the borrower agrees to use the next pay as repayment. These loans are high in fees and interest and quite expensive if the policy owner fails to pay them off on time.
• Personal Loans: These loans can be taken out for short or long periods, depending on the lender and the loan terms. They are usually non-collateralized and can be used for emergency expenses or debt consolidation.
• Lines of Credit: Much like a credit card, a line of credit enables a borrower to access a fixed amount from which type they may build on an as-needed basis. This is quite flexible for those who need an occasional shot of funds, as interest is paid on the funds used.
• Merchant Cash Advances: The merchant cash advance allows the busy entrepreneur to provide the money needed to operate his business. The lender gives a one-time amount, which is then returned as a percentage of future customers. This can be a boon for companies characterised by irregular money flows.

Benefits of Short-Term Loans

Notwithstanding some personal shortcomings, short term loans have numerous advantages, especially when money is desperately needed. Some of these advantages include:

• Speed and Convenience: The most significant benefit associated with short-term loans is speed and convenience. Done online, applications take only a few minutes; at worst, they take a few hours before approval. Sometimes, the borrowers get the desperately needed money the next day or two.
• Accessibility: In most cases, short-term loans are more accessible than traditional loans. Most lenders are relatively easy on credit and might avail these services to people with less-than-perfect credit scores.
• Flexibility: Short-term loans offer versatile solutions. Borrowers can use them for various purposes to help fulfil various financial requirements, whether paying an unexpected bill or financing a small home renovation.

Disadvantages of Short-Term Loans

While short-term loans are beneficial in some ways, there are authentic drawbacks to these loans that one needs to converse about with the borrower. There are various types, and they include the following:

• Brief Payback Duration: A short payback period on a short-term loan might present problems for some borrowers. If the borrower cannot pay the loan on time, he may face extra penalty charges and damage to his credit record.
• Risk of Debt Cycle: These are risky, with their high fees and short repayment durations. A clear plan is needed to repay and borrow only what one needs.
• Be Informed: While this may be the short-term loan one would desire now, weighing the pros against the cons and making informed decisions is the way forward. Here are some helpful tips to help you along the process:
• Weigh your needs: First, reassess your financial condition and decide if you need a short-term loan. Then, look into other sources of capital flow, from borrowing from a relative or friend to dipping into emergency savings if available.
• Shopping Lenders: Not all lenders are created equal. By comparing different lenders and reading the reviews, you can find a lender who is not only reputable but also open and transparent with his dealings. Avoid lenders whose conditions are vague or have a lot of fees.
• Plan for Repayment: Plan a reasonable repayment plan to clear the loan on time. Evaluate the rate of interest and other charges that might be added. Consider the impact of repayment on your overall budget.

Conclusion

Organisations should look forward to adopting short-term loans as this will help control their short-term expenses and allow for emergency needs that are not foreseen. Knowing the features of the loan, its benefits, and drawbacks will enable the borrower to make effective decisions in using the loan in the most responsible way possible. To put it otherwise, one needs to plan even in advance, review one’s needs, search for an optimal lender, and look for a way to pay back to avoid possible pitfalls when using fast cash. If used correctly, short-term loans can be very beneficial in hard times.

The digital world continues to grow and evolve, providing an increasingly complex platform with seemingly endless opportunities that also bring along associated security challenges. Among these, online banking is an area of tremendous interest. It lets us transact conveniently, manage accounts effectively, and complete payments swiftly. However, as significant as this tech-boon is, it also exposes users to hacking, fraud, and phishing threats. Therefore, it is essential to adhere to comprehensive online banking security measures.

Let’s delve into essential online banking security tips for 2024 to ensure smooth financial transactions while keeping threats at bay.

1. Strong Password Management:

A fundamental yet often overlooked aspect of online banking security is strong password management. It is advisable to use complex combinations of alphanumeric characters with symbols, capitalized letters, and avoid using common words or phrases. Additionally, keep changing your password periodically and refrain from sharing it with anyone.

2. Secure Network Connections:

Always conduct your banking transactions on a secured and private network. Public Wi-Fi is vulnerable to cyber-attacks, making it an unsuitable platform for banking operations. When accessing your account, ensure your connection is HTTPS secured or use a VPN for added security.

3. Use Two-Factor Authentication:

In 2024, robust two-factor authentication is more critical than ever. It serves as an additional layer of security beyond your username and password, making it difficult for unauthorized users to access your accounts. This extra step might involve receiving a text message with a security code or fingerprint identification.

4. Regular Updates of App and Device:

Ensure that your device’s operating system and your banking app are always updated. These updates often come with new safety patches, making your banking transactions more secure.

5. Alert Notifications:

Sign up for alert notifications. Most banks offer this facility where customers can get real-time updates about their account activities. These alerts can quickly notify you of any unauthorized access or transactions, helping you address the issue instantly.

6. Lock Mobile Devices:

Ensure your mobile or tablet devices used for online banking are locked when not in use. Whether you use fingerprint identification, face recognition, or a passcode, physical protections can play a significant role in thwarting unauthorized access. Additionally, using tools like a QR scanner online can enhance the security of your digital transactions by verifying the authenticity of QR codes before proceeding with any payments.

7. Be Wary of Phishing:

Beware of phishing scams that use emails or text messages to trick you into giving them your details. Banks will never ask for your personal or financial information via email or text message. If you receive such a message, do not respond and report it to your bank immediately.

While implementing these online banking security best practices, there are innovative banking solutions that make monetary transactions easier and more secure. One such platform is Bajaj Pay UPI.

Bajaj Pay UPI is an all-in-one digital payment solution integrated within the Bajaj Finserv Direct Limited (BFDL) app that gives customers an enhanced, secure and hassle-free payment experience. UPI here stands for Unified Payments Interface, a real-time payment system developed by National Payments Corporation of India. Using Bajaj Pay UPI, users can link multiple bank accounts into a single mobile application, which simplifies peer-to-peer funds transfer and merchant payments. Seamless interoperability across banks and robust security are some of the defining features which makes Bajaj Pay UPI an excellent tool for secure financial transactions.

Stepping into 2024, the online banking landscape will continue to evolve, and so will the security threats. By strictly adhering to these essential online banking security tips and employing secure payment solutions like Bajaj Pay UPI, you can maximize your online banking benefits without falling prey to cybersecurity threats. Maintain vigilance and stay safe as you navigate the increasingly digital world of finance.

Although the thrill and excitement of the stock market is a major attraction, people enter the market to book profits at the end of the day. Every investor/trader aims to increase their profits and that is their primary goal when they start investing. This requires a combination of skills some of which are the ability to research and analyse, the discipline to stick to one’s strategies, being alert and cautious for surprises, and the ability to think on one’s feet and improvise the plans quickly. 

Fundamental Analysis

Understanding Company Value

Fundamental analysis refers to the assessment of how healthy a company is financially. This analysis involves going through the financial statements and reports published by the company. One has to be aware of the management and the members that form an integral part of it. An understanding of the industry that the company belongs to is important as well. The overall market conditions also need to be studied. All of this analytical tasks are aimed at assessing whether a stock is valued right or over/undervalued. 

Key Metrics

While doing the fundamental analysis one needs to be mindful of three key metrics. The EPS, the PE Ratio, and the ROE. EPS, Earnings Per Share, determines how profitable a company is. The EPS value has to be higher to indicate a highly profitable business. The P/E Ratio, or the Price-to-Earnings Ratio is a comparison of the company’s current share price against its earnings per share. Higher P/E indicates an overvalued stock, whereas a lower P/E indicates an undervalued stock. ROE, Return on Equity, evaluates how well the company has used its assets in the course of business.

Analysing Industry and Market Trends

Fundamental analysis is mostly about analysing the company, however, it is not fully limited to that. Being educated about the industry that the company belongs to is also crucial. And finally keeping up with the trends of the market is also an integral part of the fundamental analysis. 

 

Technical Analysis

Technical analysis relies on historical data on the price and volume of trades to forecast the potential rise/fall in the stock prices in the near future. It is primarily about studying charts and recognising patterns besides going through the technical indicators for insights. 

Chart Patterns

Chart patterns are like signatures of a price movement pattern and a trained eye can easily spot a familiar pattern by looking at the chart. For instance, the head and shoulders pattern is a strong indicator that an ongoing uptrend is likely to reverse soon. Conversely, a double bottom can indicate a bullish reversal following a downward trend of the stock price. This pattern recognition can be compared to star gazing in a way, where the goal is to identify shapes and figures. Most online trading platforms in India offer seamless tools to analyse these patterns. 

Indicators

Meanwhile technical indicators are often metrics and measurements that help the investor come to an understanding about the direction that the market is likely to take. Moving averages, for example, assists in trend recognition by making the price data smoother for analysis. Another metric, which is called the Relative Strength Index, RSI, helps measure how fast and how much the price movements change and point out overbuying and overselling trends in the market. 

Timing the market 

Technical analysis is of great assistance when it comes timing the market, which can be exhausting to do. While the fundamental analysis focuses on helping an investor with general directions on actions to take, technical analysis helps the investor time their actions with precision. 

Risk Management

Diversification

Diversifying one’s portfolio is an inevitable part of making sure one treads the path of profitability in the stock market. It is the process where an investor spreads out his money across various classes of assets. Investing in companies from different sectors or geographical regions is an  important part of diversification. This is a crucial part of risk management that needs to be treated as a key aspect of the investment process. Diversification may not eliminate risk altogether but it significantly reduces the intensity of risk involved. 

Stop-loss orders

 Setting stop-loss orders in one’s trades is important to limit the scope of risk involved in the transaction. This makes sure that when the stock price is moving in a direction that results in a loss for the trader, the stock is sold at a certain point, to limit loss to that level. This is a safe approach that can help traders and investors control their risk. It is also important to set the stop-loss order at an optimal level. 

Conclusion

While the stock market might prove to be a complex space initially, if one follows the steps with discipline and focus, and sticks to their strategies then profits can definitely be made. The fundamental analysis points an investor toward the right stocks, the technical analysis helps the investor time their transactions right, and the risk management techniques help them control the scope of losses and trade safely. Paying attention to all these aspects can assist an individual in maximising their profits in the stock market.

 

Purchasing a car, whether new or old, is never a simple task. It involves not only financial commitments but also comprehensive considerations about various factors. This guide aims to simplify the process for those considering purchasing a second-hand car, with a focus on the impact of Goods and Service tax (GST) on such transactions. 

This used car buying guide is therefore a comprehensive go-to reference before embarking on your car buying journey.

Understanding the Basics of Used Car Buying

Buying a used car involves greater risks compared to getting a new vehicle. It’s not just about the model and the colour. The mechanical condition of the vehicle, potential hidden defects, the car history, and financial matters such as GST on second-hand cars should be deeply contemplated. Therefore, an informed decision is a safer decision in this scenario.

Decide what You Want

Before stepping foot in any dealership or browsing car listings on the internet, it’s crucial to have a clear picture of what kind of vehicle you’re seeking. Besides considering the brand and model, focus on the type of vehicle that suits your lifestyle, budget and needs. Your choices range from SUVs, sedans, trucks, sports cars, hatchbacks, to family-oriented minivans.

Budget Appropriately

Having a budget is paramount. It’s prudent to factor in all the expenses involved, including those beyond the car’s initial purchase price. Incorporate recurring costs such as fuel, insurance, maintenance, and don’t forget the GST on second hand cars.

Research Thoroughly

In this digital age, there’s an abundance of information available online. Use it to research the chosen model’s pros and cons, common defects, customer reviews, and market value. This helps decide whether a given offer is reasonable or a rip-off.

Inspect the Vehicle Carefully

The importance of car inspection cannot be overstressed in the used car buying guide. Check the overall condition, including the car’s exterior, interior, tyres, and under the hood. This can help spot possible issues with the bodywork, engine, and accessories. A test drive is also recommended to assess the car’s performance on the road.

Understand the Car’s History

Many businesses offer detailed car history reports using the car’s vehicle identification number (VIN). This data can expose potential deal-breakers, such as evidence of severe accidents, flood damage, or if the car has been used as a taxi or rental vehicle.

Navigating Through the Financial Aspect: Insight on GST on Second-hand Cars

Buying a car attracts several taxes, including GST. Often, used car buyers overlook this aspect and face unexpected costs. In most cases, GST on second-hand cars applies, but certain conditions could exempt it. For example, if the seller is not registered for GST or if the sale is considered a private sale, GST may not apply.

Also, if the seller used the car solely for personal use, the sale could be GST-free. To avoid surprises, always seek advice from a tax consultant about GST on second-hand cars before purchase.

Negotiation and Closing the Deal

Once you have all the information in hand, it’s time to negotiate. Armed with the car’s history, inspection results, and market value data, you will be well-positioned to haggle the price. Use any identified faults or imminent expenses (like a due tyre change) as leverage to knock the price down.

Conclusion

Purchasing a used car is a significant financial decision and understanding what’s involved can make it less daunting. The first steps should always be thorough research and careful budgeting, while keeping in account the potential GST on second-hand cars. Following the guidelines in this used car buying guide can minimize risks and ensure you get a reliable vehicle at a reasonable price. Remember, an informed decision can make the difference between landing a gem and being stuck with a lemon. So go ahead, use this guide, and embark on your exciting car-buying journey with confidence.

In our country, India, where traffic congestion is abundant due to the exploding population, commuting from one place to another can be quite a task. Adding to that, the high costs of four-wheel vehicles have persuaded many to choose two-wheelers as their preferable mode of transportation. 

Therefore, to ease your problem, we have identified the “Best Bike Under 1 Lakh” that not only provides exceptional performance but also doesn’t cut a big hole in your pocket.

With the emerging needs of the regular commuters, the demand for two-wheelers that are budget friendly as well as high-performing is on the rise. However, you don’t need to worry because we have got you covered with the best options in the Indian market, and moreover, the provision of a bike loan and EMI options India has to offer makes buying a bike under the 1-lakh category even more accessible.

 

Top bikes under Rs. 1 lakh in India

 

India’s two-wheeler market thrives on diversity, offering prospective bike owners a myriad of choices to meet their specific needs and budgets. In the under-1-lakh segment, there is an abundant availability of bikes that offer impressive performance, outstanding fuel efficiency, and appealing design within an affordable price range. Here’s a list of the best bikes under Rs. 1 lakh in India, which have successfully ruled this segment:

 

1. Hero Xtreme 125R

 

Inheriting Hero’s X-family design DNA, the Hero Xtreme 125R emerges as a top-selling bike in its category. With an engine displacement of 124.7 cc, the bike delivers 11.4 bhp, making it a perfect companion for daily city commutes. Despite weighing 136 kg, it promises a commendable fuel economy of 66 kmpl. Available at an average ex-showroom price of Rs. 96,792, the Hero Xtreme 125R guarantees value for money with its vibrant style and robust performance.

 

2. TVS Raider 125

 

The TVS Raider 125, with an average rating of 4.4/5 based on 1430 ratings, highlights the blend of performance and efficiency that TVS models are known for. The bike features a 124.8 cc engine and produces 11.2 bhp. The Raider 125, weighing 123 kg, offers good mileage of 57 kmpl. It retails at approximately Rs. 97,054 ex-showroom. 

 

3. Honda SP 125

 

Next on the list is the Honda SP 125, a stylish commuter loaded with features. Benefitted from Honda’s reliability, the bike features a 124 cc engine generating 10.72 bhp. Despite a relatively light weight of 116 Kg, it provides a smooth and comfortable ride. The bike comes with a pretty affordable price tag of around Rs. 86,747.

 

4. Honda Shine

 

Honda Shine remains one of the best-selling bikes in the under 1 Lakh segment, thanks to its blend of appealing design, durability, and fuel efficiency. It is powered by a 124 cc engine generating a decent power of 10.59 bhp. Weighing just 113 kg, and with an affordable price tag of Rs. 80,409, Honda Shine portrays a perfect balance of style, performance, and economy.

 

5. Bajaj Pulsar 125

A part of the popular Bajaj Pulsar series, the Pulsar 125, available at Rs. 82,712, attracts buyers with its sporty design and impressive 124.4 cc engine that produces 11.64 bhp. With a weight of 140 kg, the bike promises a blend of performance and control.

6. Hero Glamour

Priced at Rs. 82,854, Hero Glamour offers 10.39 bhp with its 124.7 cc engine. With a pleasing design and a weight of 121 kg, it proves to be a reliable option for daily commuting.

7. Hero Super Splendor Xtec

An upgrade to the Super Splendor, the Xtec presents a refined and feature-packed offering. Its 124.7 cc engine produces 10.72 bhp fueling the 122 kg bike. Retailing for Rs. 85,161, the Xtec offers value for money with its commendable mileage of 68 kmpl.

8. Hero Passion Xtec

Priced at Rs. 80,701, this variant of Passion comes with the i3S technology for better fuel efficiency. It houses a 113.2 cc engine generating 9 bhp, making it a decent performer in this category.

9. Hero Splendor Plus

The Hero Splendor Plus has always managed to make its place in the list of best bikes under 1 lakh because of its magnificent efficiency and affordability. With its iconic design and reliable mileage, it has become a household name.

10. Bajaj Pulsar 150

Navigating through city traffic will be smooth as ever with the Bajaj Pulsar 150. Its design and power never fail to impress its users and it is known for its tremendous build quality and power-packed performance.

 

As part of the entry-level commuter segment, these bikes are designed to offer the perfect blend of performance, comfort, economy, and durability while remaining within a competitive price range. The Hero Xtreme 125R and TVS Raider 125 come equipped with powerful engines, ensuring a delightful performance for daily commuting. Honda models like SP 125 and Shine offer unbeatable reliability and fuel economy. Bajaj Pulsar 125 and Hero Glamour bring sporty, youthful appeal to the affordable price range. Hero Passion Xtec provides an excellent mix of style, durability, and affordability. Each of these bikes presents prospective owners with idyllic mode of transportation, enhancing the joy of everyday commuting.

Bike Loan and EMI Options in India

Many financial institutions in India are offering bike loans at various interest rates. These loans are easy-to-get, hassle-free, and involve minimal documentation. Bike loans can be a great support when it comes to owning your dream two-wheeler without disturbing your budget.

The advantage of using EMI options is that you can pay the loan amount over a specific time period, instead of paying the entire price at once. Various banks provide EMI options where you can choose to pay the money back within a time period of 12-48 months, according to your convenience. One convenient way to manage these EMIs is through the Bajaj Finserv app. This app allows you to easily track your payments, check your loan balance, and receive reminders for due dates. It simplifies the entire process, making it stress-free to handle your finances and enjoy the joy of riding your new sport bike.

Before choosing a loan or EMI option, it’s crucial to compare the interest rates, processing fees, and down payment conditions of different banks. This helps in preventing unplanned expenses that you may not be ready for.

Conclusion

To summarise, the best bike under 1 lakh allows you to travel conveniently without burning a hole in your pocket. The bike loan and EMI options India provides further ease the burden of buying a bike in one go. Remember, the right bike not only saves your money in the present but also in the future through its maintenance and service costs. Therefore, while making a choice, consider the bike’s specifications, your requirements, and your budget. Here’s to your new soul-pleasing ride! 

 

Every day stock markets move up and down, providing several clues to the traders. However, making sense of so much movement in stock markets can be a daunting task, especially if you are involved in day trading, which means you buy and sell securities frequently within a day.

That said, there are many indicators, which when used correctly, can provide great insights to the traders. So, if you have a demat account and have started trading on equity, read on because this blog will discuss the best intraday indicators.

Best intraday indicators for the stock market

• On-balance volume (OBV)

This is one of the most popular indicators for intraday trading. It is based on the up volume and down volume of a stock. ‘Up volume’ reflects the volume of transactions in a stock on a day when its price increases.

Conversely, ‘down volume’ is the volume of a stock on a specific day when its price declines. On any specific day, we deduct down volume from up volume and the resultant value is added to the cumulative value of OBV till the beginning of that day.

If OBV’s value increases, it shows buyers are creating more demand for a stock and its price may increase. When its value falls, it shows sellers are putting pressure to reduce the stock’s price.

• Volume-weighted average price (VWAP)

This indicator shows the average price of a stock weighted by its volume. To calculate it, we assign more weight to the price of those periods in a day when more trading happens. By doing this, we consider both the volume and price of a security. 

• Relative strength index (RSI)

This indicator calculates the magnitude and speed of changes in a stock’s price. It helps traders find stocks that are trading at a higher price than their true value. Similarly, it enables them to find stocks that are trading at a lower price than their true value.

Its value remains in the range of 0-100. If its value dips below 30, then that security is deemed to be oversold. However, when its value is more than 70, then that stock is seen as overbought.

• Accumulation/Distribution Line

This indicator uses the price and volume of a stock to find out whether that stock is being distributed or accumulated. If a stock’s price increases, but this indicator declines, it indicates that the rise in this stock’s price may not get enough support from its volume. Therefore, its price may fall very soon.

What is the best timeframe for day trading?

Having discussed some of the top intraday indicators, let us now discuss the best timeframe for day trading. In India, the stock market is typically open for trading at 9:15 am. However, in the first few minutes of trading till around 9:30 am, stocks usually react to last night’s news.

Therefore, if you are a beginner, stay away from day trading till 9:30 am. In the first 15 minutes, typically, experienced traders initiate some trades since they have a better idea of market ups and downs.

It is believed that the hour between 9:30 am and 10:30 am is the best for all traders to trade in. In this hour, the volatility tends to be higher than otherwise, giving ample opportunity to buy and sell.

Besides, the liquidity tends to be quite high between 9:30 am and 10:30 am. So, if you want to buy and sell, you will find enough volume to do so. Once the market starts settling down at around 11 am, the volumes may decline, and executing trades may become difficult.

Conclusion

That being said, there is no hard and fast rule that you must trade between 9:30 and 10:30 am. You should always keep an eye on the larger sentiment of the market over the past few days and keep checking the news, which should give you a sense of where the market is headed.