Latest news with #SantoshAgarwal
Economic Times
4 days ago
- Business
- Economic Times
I have a voluntary retirement corpus of Rs 1 crore and my annual expenses are Rs 6 lakh. How to generate a sustainable income?
Getty Images Investing Rs 1 crore in fixed deposits, small savings schemes or corporate bonds can fetch yields of 7.5% or more. I'm 52, single and recently took voluntary retirement. I have Rs 1 crore in hand and my annual expenses are Rs 6 lakh. How much should I put in equity, debt, and other avenues to ensure I don't run out of money in retirement? Santosh Agarwal CEO, Paisabazaar: Investing Rs 1 crore in fixed deposits, small savings schemes or corporate bonds can fetch yields of 7.5% or more. However, these are pre-inflation returns and may not cover long-term, post-retirement needs. A sound retirement plan should have two components—fixed-income corpus for regular income and an equity corpus for inflation-beating growth. Allocate Rs 45 lakh to direct plans of ultra-short duration funds for seven years and start a systematic withdrawal plan (SWP) for monthly income. Renew the SWP annually adjusting for inflation. Assuming 6% return and 6% inflation, the corpus should last seven years, with Rs 6.9 lakh as buffer. Maintain an emergency fund covering six months of essential expenses, parked in high-yield FDs from small finance banks. Allocate 10% of corpus to gold funds, which hedge against volatility and inflation. Invest the remaining corpus equally in flexi-cap and large-cap funds via one-year SIPs. Assuming 12% return, this portion could grow to Rs 92 lakh in seven years. Then redeem gradually to replenish your fixed income portfolio for sustained income. Also read | I am 55 years old and have Rs 50 lakh lump sum. How can I invest it to build wealth in 5 years? I am 48 years old and professionally employed. I have a lump sum of Rs 10 lakh. Should I invest it all at once in mutual funds or stagger it through an STP over the next year for better returns and lower risk? Dev Ashish Founder, StableInvestor, and Sebi-registered investment adviser: While it's ideal to invest near market bottoms, current global and market uncertainties make timing difficult. A reasonable correction has taken place, but valuations are not deeply undervalued. Further corrections— whether by price or time—cannot be ruled out. Hence, a balanced approach is advisable. One strategy could be investing 25-35% upfront and staggering the rest over 6-12 months. If markets correct sharply, you can accelerate deployment. While not perfect, this method helps balance risk and opportunity. Unless you're confident about tactical or sector-specific bets, it's better to stick with large-cap index funds, flexi-cap funds, and large- & mid-cap funds. Ask our experts Have a question for the experts? etwealth@ (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of N.R. Narayana Murthy Founder, Infosys Watch Now Harsh Mariwala Chairman & Founder, Marico Watch Now Adar Poonawalla CEO, Serum Institute of India Watch Now Ronnie Screwvala Chairperson & Co-founder, upGrad Watch Now Puneet Dalmia Managing Director, Dalmia Bharat group Watch Now Martin Schwenk Former President & CEO, Mercedes-Benz, Thailand Watch Now Nadir Godrej Managing Director, of Godrej Industries Watch Now Manu Jain Former- Global Vice President, Xiaomi Watch Now Nithin Kamath Founder, CEO, Zerodha Watch Now Anil Agarwal Executive Chairman, Vedanta Resources Watch Now Dr. Prathap C. Reddy Founder Chairman, Apollo Hospitals Watch Now Vikram Kirloskar Former Vice Chairman, Toyota Kirloskar Motor Watch Now Kiran Mazumdar Shaw Executive Chairperson, Biocon Limited Watch Now Shashi Kiran Shetty Chairman of Allcargo Logistics, ECU Worldwide and Gati Ltd Watch Now Samir K Modi Managing Director, Modi Enterprises Watch Now R Gopalakrishnan Former Director Tata Sons, Former Vice Chairman, HUL Watch Now Sanjiv Mehta Former Chairman / CEO, Hindustan Unilever Watch Now Dr Ajai Chowdhry Co-Founder, HCL, Chairman EPIC Foundation, Author, Just Aspire Watch Now Shiv Khera Author, Business Consultant, Motivational Speaker Watch Now Nakul Anand Executive Director, ITC Limited Watch Now RS Sodhi Former MD, Amul & President, Indian Dairy Association Watch Now Anil Rai Gupta Managing Director & Chairman, Havells Watch Now Zia Mody Co-Founder & Managing Partner, AZB & Partners Watch Now Arundhati Bhattacharya Chairperson & CEO, Salesforce India Watch Now
Business Standard
5 days ago
- Automotive
- Business Standard
Paisabazaar Expands Product Suite with Loan Against Car; Ties Up with HDFC Bank, Tata Capital, and Others
NewsVoir Gurgaon (Haryana) [India], June 16: Paisabazaar, India's leading marketplace for consumer credit and free credit score platform, today announced the launch of its new offering - 'Loan against Car'. The new product further expands Paisabazaar's product suite and would help expand access to credit to new consumer segments. Paisabazaar has partnered with multiple partners, including HDFC Bank and Tata Capital, to provide tailored Loan Against Car offers. The launch is in line with Paisabazaar's long-term strategy to go deeper in secured lending, by scaling its key categories Home Loans and Loan Against Property, while building new categories like Loan Against Car. Key features and benefits offered on Loan Against Car on Paisabazaar: * Loan amount of up to 200% of the car's value * Tenure up to 5 years * Easy digital processes Santosh Agarwal, CEO, Paisabazaar, said, "As a marketplace, we remain focused on providing varied consumer segments with diverse product offerings and a wide choice of lenders. Launching new categories like Loan Against Car is a natural step towards scaling and expanding our secured portfolio - a key growth pillar for us over the next few years. As we grow, we would continue to work with our partners and the industry to help address genuine consumer pain-points and build a more inclusive ecosystem." Loan Against Car would offer another avenue of credit to consumers on the Paisabazaar platform, especially those with limited options from more traditional options. Paisabazaar, a part of PB Fintech (listed since 2021), is India's largest marketplace for consumer credit and free credit score. Over the last 11 years, Paisabazaar has earned the trust of over 50 million consumers and it handles 20 lakh+ monthly enquiries from 1000+ cities. Paisabazaar has built 65+ partnerships withBanks, NBFCs, and fintechs to offer a broad range of credit products. Paisabazaar is ISO (27001:2013) and PCI DSS certified organisation, with industry-best controls, to safeguard the best interest of consumers.
Fashion Value Chain
5 days ago
- Automotive
- Fashion Value Chain
Paisabazaar Expands Product Suite with Loan Against Car; Ties Up with HDFC Bank, Tata Capital, and Others
Paisabazaar, India's leading marketplace for consumer credit and free credit score platform, today announced the launch of its new offering – 'Loan against Car'. The new product further expands Paisabazaar's product suite and would help expand access to credit to new consumer segments. Paisabazaar has partnered with multiple partners, including HDFC Bank and Tata Capital, to provide tailored Loan Against Car offers. The launch is in line with Paisabazaar's long-term strategy to go deeper in secured lending, by scaling its key categories Home Loans and Loan Against Property, while building new categories like Loan Against Car. Key features and benefits offered on Loan Against Car on Paisabazaar: Loan amount of up to 200% of the car's value Tenure up to 5 years Easy digital processes Santosh Agarwal, CEO, Paisabazaar, said, 'As a marketplace, we remain focused on providing varied consumer segments with diverse product offerings and a wide choice of lenders. Launching new categories like Loan Against Car is a natural step towards scaling and expanding our secured portfolio – a key growth pillar for us over the next few years. As we grow, we would continue to work with our partners and the industry to help address genuine consumer pain-points and build a more inclusive ecosystem.' Loan Against Car would offer another avenue of credit to consumers on the Paisabazaar platform, especially those with limited options from more traditional options. About Paisabazaar Paisabazaar, a part of PB Fintech (listed since 2021), is India's largest marketplace for consumer credit and free credit score. Over the last 11 years, Paisabazaar has earned the trust of over 50 million consumers and it handles 20 lakh+ monthly enquiries from 1000+ cities. Paisabazaar has built 65+ partnerships withBanks, NBFCs, and fintechs to offer a broad range of credit products. Paisabazaar is ISO (27001:2013) and PCI DSS certified organisation, with industry-best controls, to safeguard the best interest of consumers.
Time of India
13-06-2025
- Business
- Time of India
UP's GCC policy push to turn state into office hub, create 2 lakh jobs
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The UP Cabinet approval of the Uttar Pradesh Global Capability Centres (GCC) Policy will help in establishing the state as a hub for office space and also in generating over 2 lakh high-paying jobs over the next five years, say industry state has announced a 30–50% front-end subsidy on land cost, a 25% capital subsidy up to Rs 10 crore for Level-1 and Rs 25 crore for advanced GCCs , and 100% stamp duty exemption.'The incentives will be based on the performance of the company with a focus on job creation, export growth, and technology innovation. The process of availing the benefits of these incentives will also be streamlined by the state government to reduce the administrative burden on the companies,' said Nand Gopal Gupta Nandi, Minister for Industrial Development, Export Promotion, NRI and Investment Promotion, Government of Uttar experts say that the surge in corporate leasing is being propelled by access to a skilled talent pool, improved infrastructure, metro expansions, new expressways, and the development of large-scale commercial complexes.'The approval by the state cabinet will further accelerate this momentum by transforming the region into a hub for office space and innovation,' said Santosh Agarwal, Executive Director at Alpha approved policy has broadly categorised two kinds of GCCs: Level 1 and Advanced (Unnat) GCCs, depending upon investment and employment policy has defined Level 1 GCCs as those which undertake a minimum capital investment of Rs 15–20 crore or create employment for 100–200 people depending upon the city in (Unnat) GCCs have been defined as those with a minimum capital investment of Rs 50–75 crore and which create employment for at least 300–500 employees depending upon the city.'For the real estate sector, this opens up a significant opportunity to develop world-class office infrastructure, co-working ecosystems, and integrated urban spaces. We foresee a surge in demand for Grade A commercial real estate, complemented by residential and social infrastructure,' said Abhishek Trehan, Executive Director, Trehan government has also provided an interest subsidy of 5% on construction and purchase of plant and machinery; a 20% subsidy on operating expenditure; payroll subsidy up to Rs 20 crore; subsidy on recruitment of new employees; EPFO refund; and support for creation of internship opportunities.'The government's move marks a shift from being a cost-based outsourcing destination to becoming a value-driven global business hub. By addressing core operational levers like infrastructure, talent, and ease of doing business, the policy creates the right environment for multinationals to think long term,' said Yash Garg, Director, M3M state government will also provide technical and regulatory support to GCCs. Under the regulatory support, exemptions will be provided under various Acts for five years, including pollution, maternity, factories, among others.
Time of India
06-06-2025
- Business
- Time of India
how much will 1% RBI repo rate cut reduce your EMI or tenure? Check calculations
Home loan borrowers have a big reason to cheer! The Reserve Bank of India (RBI) has cut the repo rate by a huge 50 basis points in the Monetary Policy Committee (MPC) meeting. With this, the cumulative repo rate cut since February this year stands at 100 basis points or 1%! Repo rate is the rate at which the RBI lends to the banks. Tired of too many ads? go ad free now If this rate comes down, banks are able to in turn lend to borrowers at lower interest rates. To put it simply, today's jumbo 50 bps rate cut would in the coming months mean lower EMIs for home loan borrowers. While the impact of the 1% repo rate cut will take time to reflect in home loan borrowers' EMIs, the transmission is expected to be faster this time round. What does 1% repo rate cut mean for your loan EMIs? Adhil Shetty, CEO, notes, 'Today's 50 basis points rate cut is likely to push home loan rates closer to the psychologically important sub-8% level. The lowest rates in the market are already at 7.85%, largely available to prime borrowers with credit scores above 750, and often in refinance or balance transfer cases. A further rate cut could see sub-8% rates becoming more widespread—something we haven't seen since early 2022. ' Cumulative Impact Of 3 Rate Cuts; Original rate of interest @8.5%; Revised rate of interest 7.5% 1 lakh 25 lakh 50 lakh 100 lakh Original EMI ₹ 867.82 ₹ 21,695.58 ₹ 43,391.16 ₹ 86,782.32 Original Interest ₹ 108,277.58 ₹ 2,706,939.40 ₹ 5,413,878.80 ₹ 10,827,757.60 Original Tenor 240 months 240 months 240 months 240 months Interest With Fixed EMI ₹ 77,399.55 ₹ 1,934,988.83 ₹ 3,869,977.65 ₹ 7,739,955.31 Interest Saved ₹ 30,878.02 ₹ 771,950.57 ₹ 1,543,901.15 ₹ 3,087,802.29 Months Reduced 36 months 36 months 36 months 36 months Interest With Variable EMI ₹ 93,342.37 ₹ 2,333,559.16 ₹ 4,667,118.32 ₹ 9,334,236.65 Interest Saved ₹ 14,935.21 ₹ 373,380.24 ₹ 746,760.48 ₹ 1,493,520.96 EMI Reduced ₹ 62.23 ₹ 1,555.75 ₹ 3,111.50 ₹ 6,223.00 Numbers approximate. Actual numbers may depend on lender's unique policies. Source: For a Rs 50 lakh home loan with a 20 years tenure, you will save Rs 3,111.50 in monthly EMIs in case of interest rate with variable EMIs. In case of fixed EMIs, the loan tenure will come down by 36 months or 3 years. Also Read | Rate cut transmission crucial Santosh Agarwal, CEO, Paisabazaar says, 'The 50-basis-point rep rate cut should lead to reduction in home loan interest rates, both for new and existing home loan borrowers. However, the quantum and time of the rate cut transmission would depend on factors like type of interest rate benchmarks used by the lenders, their rate reset related policies regarding, rate reset dates set for the borrowers, etc.' Tired of too many ads? go ad free now 'The transmission would be quickest and absolute in case of existing home loans linked to the repo rate. The exact date of rate cut transmission to the existing borrowers would depend on the rate reset dates set by their respective lenders. Till then, they will continue to repay their loans as per their existing interest rates. As the cost of funds of the lenders play a major role in determining their internal benchmark rates, there would be a longer lag in the transmission of repo rate cuts to home loans linked to MCLR- or other internal benchmarks,' he adds. The transmission of rate cuts remains uneven, says Adhil Shetty. 'Borrowers with repo-linked home loans will see the fastest and fullest pass-through. But loans taken pre-2019, especially with public sector banks, continue to be linked to older benchmarks like the MCLR or even the Base Rate. These borrowers will not benefit automatically from today's cut,' he said. 'If you're paying 50 basis points or more above the lowest available rates, and especially if you're in the early years of your tenure, it's worth exploring a refinance to a repo-linked loan. This can help bring down your interest cost significantly over the life of the loan,' he advocates. Atul Monga, CEO & Co-Founder, BASIC Home Loan says, 'Public sector banks, which usually act faster in passing on such cuts, are expected to roll out attractive loan offerings. This will create significant savings for borrowers. That said, I would advise borrowers to review and compare loan options carefully to make the most of the favorable rate environment.' Also Read |
