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How to check credit score over WhatsApp
Credit information company Experian India has launched a service that allows Indian
consumers to check their credit scores over WhatsApp. Users can check this in real – time through WhatsApp free of charge. The service also allows users to track any irregularities, detect frauds and take steps to rebuild their credit score.
Easy access facilitated by this service can help users take informed, cautious calls on applying for credit cards and other loans. Any erroneous information in on a credit report can affect a person’s chances of securing loans in future. In such cases, this service allows a user to raise a dispute via links that Experian would share over WhatsApp chat.
How do retirement mutual funds work?
Traditional and market-driven annuity products are now available in the market to help you save.
One of them is mutual funds. The funds offer retirement plans with a variety of equity and debt portfolio options. The facility is closed for five years or until retirement age, whichever comes first.
Of these, only a few funds are eligible for the u/s 80c tax deduction. Most of them offer three plans: progressive, moderate and conservative with different share allocations. We recommend investing in open plans with a good pedigree to build your retirement corpus, rather than such specific plans.
What is one piece of advice that a new investor must follow?
Investing can be a great way to grow your wealth and secure your financial
future. However, it can also be a risky endeavor if you don’t know what you’re doing. Here is one piece of advice for a new investor: start small and diversify. Starting small means investing only what you can afford to lose. Don’t put all your eggs in one basket; instead, spread your investments across different asset classes such as stocks, bonds, mutual funds, and real estate. This will help reduce your risk and give you more opportunities to make money.
Diversifying also means investing in different types of companies and industries. This will help protect you from the volatility of the stock market and give you exposure to different sectors that may be performing better than others at any given time.