BFC Capital proudly conducted its 256th Quality Circle Program on March 16, 2024, at Urban Money, marking another milestone in investor education. The event featured an engaging session by our Senior Wealth Manager, Vikas Kr. Sah, who delivered an insightful presentation on the art of investing. Attendees gained valuable financial knowledge, strategic investment insights, and practical approaches to wealth creation. The program reinforced BFC Capital’s dedication to empowering individuals with the tools for informed and successful investing.
Should borrowers focus on debt or equity mutual funds?
Borrowers should focus on repaying their existing debts, after which they can opt for debt or equity mutual funds depending on their investment goal, horizon and risk profile.
Can mutual fund investments affect a loan application?
Mutual fund investments can, in fact, improve a loan application. Lenders frequently consider your money management skills and discipline when giving you a loan.
Can a borrower pledge mutual fund units for a loan?
Yes, It is possible to pledge mutual fund units as security for a loan. To get a loan, you might be able to pledge your substantial mutual fund investments.
Can investing in mutual funds help in loan prepayment?
Actually, investing in mutual funds may be a helpful strategy for loan payback. You can build up a lump sum that you can utilize to make partial or full loan prepayments by investing consistently over time. By doing this, you minimize the amount of principle that is still owed on the loan, which lessens the interest load and shortens the loan term.
