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Arun's Questions & Answers

in Bhopal

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Total Points: 10

Answers Given: 13

Questions Asked: 0

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i have completed my btech and looking for abroad studies but i need bank loan for that. so can any one give me the complete details how to get a bank loan

Asked by shareef in Going Abroad at 2:25 PM on May 19, 2008

Arun's Answer

You can trust the Nationalized banks. Browse for Indian Bank or SBI where they have started concentrating in education loan. You need to arrange for a co applicant who is already a earning member. It can be either your parents or relatives or even friends.

Answered at 5:20 PM on May 22, 2008

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What is IRA?

Asked by Neeraj Joshi in Personal Finance & Tax at 3:08 PM on May 04, 2008

Arun's Answer

IRA or IRDA

Answered at 1:28 PM on May 22, 2008

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WHAT IS ADVANTAGE AND DISADVANTAGE OF INVESTING IN MUTUAL FUND?

Asked by seeta rani in Personal Finance & Tax at 10:15 PM on May 19, 2008

Arun's Answer

advantage is high return compared to other types of investment and disadvantage is market risk.

Answered at 1:17 PM on May 22, 2008

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What is a Mutual Fund?

Asked by seeta rani in Personal Finance & Tax at 10:14 PM on May 19, 2008

Arun's Answer

Mutual Fund is the fund collected from various investors by the fund managers and investing in a certain plan. Here your risk may be lesser compared to directly trading on your involvement is not required.

Answered at 1:20 PM on May 22, 2008

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WHAT IS GENERAL INSURRANCE

Asked by seeta rani in Personal Finance & Tax at 10:18 PM on May 19, 2008

Arun's Answer

General Insurance is nothing but it is other than Life Insurance like, Health insurance, veichle insurance, ULIP, etc.

Answered at 1:16 PM on May 22, 2008

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Why do you need insurance?

Asked by seeta rani in Personal Finance & Tax at 10:05 PM on May 19, 2008

Arun's Answer

Since nothing is stable and secure in life we are need of insurance. Secondly, for tax benifit.

Answered at 1:21 PM on May 22, 2008

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what is the difference between the open ended equity funds and open ended index funds ?

Asked by SRIKANTH A in Personal Finance & Tax at 10:53 PM on May 19, 2008

Arun's Answer

Equity fund is funding your money in individual share of different companies in a portfolio invested by your Mutual Fund managers. If your money is invested in Index i.e. Nifty or BSE 100, then it is known to the Index fund.

Answered at 1:15 PM on May 22, 2008

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Shall I go for Systematic Investment Plan or shall I invest my money in bulk?

Asked by seeta rani in Personal Finance & Tax at 1:32 PM on May 21, 2008

Arun's Answer

In any kind of investment which are speculative in nature, as name suggests it is always better to go for systematic plan. But if you are rich in credit worth, then it may work out with the bulk investment

Answered at 1:08 PM on May 22, 2008

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what is meant by d mat account?is it different from saving account?

Asked by kedar in Personal Finance & Tax at 11:41 AM on May 20, 2008

Arun's Answer

Demat means dematerialisation. That is, converting the physical share certificate to electronic account. This is done to enable instant transaction. This account is just for buy/sell of shares.

Answered at 1:12 PM on May 22, 2008

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