5 Prominent Features of an SIP Mutual Fund

SIP (Systematic Investment Plan) is one of the most considered tools by mutual fund companies to receive the investments and pay out the dividends. Be it senior citizens or youngsters; this investment plan provides benefits to all age groups. So, here are some of the features of SIP Mutual Fund. Remember your childhood days when you used to save small amounts of money just to purchase your favourite toy? Not to forget, probably this is the way how your parent’s integrated saving habits in you. Today, when you are earning…

Read More

Small Business Owners, Have You Created a Rainy Day Fund?

You’ve got your emergency fund set up — three to six months of living expenses set aside for unexpected events — and you’re finally feeling a sense of financial security. But what, exactly, constitutes a financial emergency? We asked financial advisor Laura Scharr-Bykowsky for tips on when to tap your emergency fund and other advice on saving up for a rainy day. When Should People Tap Their Emergency Funds? Emergency funds provide peace of mind when there’s an unusual or catastrophic event in your life. Loss of income due to unemployment or…

Read More

Abu Dhabi Fund for Development finances 31 projects in Jordan worth Dh5.7b

In a report issued by ADFD to mark Jordan’s 71st Independence Day, the Abu Dhabi Fund for Development announced that by end-2016, it provided financing for 31 development projects with a cumulative value of Dh5.7 billion through government grants and concessionary loans. The projects covered several sectors, namely mining, water and irrigation, transport, housing, agriculture, energy, education and health care. Their constructive cooperation aims to achieve sustainable development goals in vital economic sectors that benefit the Jordanian population. ADFD manages the $1.25 billion (Dh4.6 billion) UAE government contribution to the…

Read More

Ola Raises Rs. 670 Crores From Ratan Tata-Backed Fund, Others

SoftBank-backed Ola has raised Rs. 670 crores ($104.4 million) in fresh funding from investors including UC-RNT Fund, a venture between the University of California and Ratan Tata. While UC-RNT Fund has pumped in Rs. 267.99 crores, another Rs. 402 crores has been infused by FO Mauritius I Ltd, according to regulatory filing by ANI Technologies – which runs Ola. However, the valuation of the company benchmarked against the fresh round of funding could not be ascertained. The said shares were allotted to the investors on March 31, 2017. An email…

Read More