Best Fixed Income Mutual Funds in India

There are different types of mutual funds available in the market. Each comes with its own set of benefits and purpose. It is always ideal to consult your finance adviser before you zero on any mutual funds.

Today, we shall discuss one of the many mutual funds available in the market, fixed income mutual funds.

What is Fixed Income Mutual Funds?

As the name suggests, these mutual funds come with a fixed rate of returns. They are of the likes of government bonds, investment-grade corporate bonds and high- yield corporate bonds. They major objective of these bonds is to earn money on a regular basis. This is possible with the interest earned through the funds. However, high-yield corporate funds are generally riskier than funds that hold government and investment- grade bonds.

Let us look in to some of the well- known fixed income mutual funds in the market.

DSP BlackRock Bond Fund

An Open Ended income Scheme, seeking to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of high quality debt securities, predominantly of issuers domiciled in India. As a secondary objective, the Scheme will seek capital appreciation.

Birla Sun Life Income Plus

It is an open ended growth scheme. It is an ideal investment for investors looking for stable income with capital growth ranging from medium to long term tenure. The corpus is invested in debt and money market.

HDFC Income Fund

The major objective of this scheme is to generate income while maintaining a balance of safety, yield and liquidity. The investments come with a low risk on your investments.

DSPBR Government Securities Fund

It is an open ended income scheme, seeking to generate income through investment in Central Government Securities of various maturities.

Franklin India Income Fund

The fund is positioned in the long term bond fund category that focuses investment in high quality fixed income instruments across segments such as G Secs, Corporate Bonds and Money Market instruments.

How to Arrange Loan for Used Cars

Many of us prefer to invest in a second hand or used car once you get a driving license. It is always an advisable step to take. It is any time better to hone your driving skills with a used car rather than going for a new car.

The best part, now you can even avail of a loan for used cars. There are more and more of banks and non-banking institutions that are readily providing with loans for the same reason. We list down some of the things to consider applying for a used car loan.

Age of the car speaks a lot about it

When it comes to new cars, you can easily avail the necessary finance. However, the same cannot be said about a used car. There are a lot of parameters that are taken into consideration when zeroing upon whether to grant you a loan or not.

One such factor in used cars that plays a vital role is the age of the car. It is determined by certain factors such as the condition of the car, the number of kilometers it has been driven for, and the model of the car. Based on it the car determines the percentage of loan to be provided.

It comes with a higher rate of interest

The rate of interest levied from you depends on two factors. One is the condition of the car and second is your relation with the bank or the NBFC personnel. Based on both these factors you can avail up-to 70% of the value of the car as loan.

Get through an organised dealer

The number of people selling their cars and buying new ones has soared of late. Therefore, there is no dearth of getting hold of used cars. However, it is advisable to get through an organised dealer to make your car purchase. As the cars aren't made available to you after a good screening but also comes with financing facilities.

So get all the above mentioned things checked and avail of the loans for used car easily.