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Key Factors Contributing to the Rise in Gold Prices in India

Newsmantra — Fri, 24 Nov 2023 06:55:17 +0000

Discover what influences gold prices in India and stay updated on the current rates with Bajaj Finance

Pune, Maharashtra, India : The surge in gold prices across India raises questions about what is driving this upward trend. Several key factors contribute to this ongoing rise, impacting the gold rate in India. Given these factors, staying informed about the gold rate in India becomes crucial. Individuals looking to invest, purchase gold jewellery, or apply for a gold loan, need to monitor these fluctuations for informed decisions, ensuring they make the most of their investments in this precious metal.

Here is a list of key factors that impact the gold rate today in Pune, or any other Indian city.

Global market dynamics: Gold prices are directly influenced by global economic conditions and geopolitical tensions. In times of uncertainty, gold becomes a safe investment, increasing its demand and price. These global fluctuations significantly impact the gold rate in India.

Currency fluctuations: As gold is priced in US Dollars worldwide, shifts in the Indian Rupee against the Dollar affect domestic gold rates. A weaker Rupee leads to higher gold prices in India, while a stronger Rupee can lower them. This ongoing currency fluctuation affects the gold rate today in Pune and other Indian cities.

Demand and supply dynamics: India’s substantial interest in gold, not only as jewellery but also as an investment, drives its demand. During festive seasons and special occasions, the demand for gold surges, leading to increased prices. This heightened demand influences the gold rate in India.

Production costs: Rising expenses in mining and extraction prompt producers to adjust gold prices to cover these costs. Consequently, the gold rate across India fluctuates.

Economic conditions: The economic status, both globally and within India, influences people’s purchasing power and investment choices. A strong economy often leads to higher gold prices due to increased demand, while economic instability or uncertainties also impact gold rates due to its safe haven appeal.

Tracking the current gold rate in India

Staying informed about the current gold rate in India is essential for making informed decisions regarding gold purchases and investments. Bajaj Finance serves as a reliable source, offering accurate and real-time information about today’s gold rates in different cities like Bangalore, Delhi, Mumbai, and Kolkata.

Whether one is looking to purchase gold jewellery for a special occasion or contemplating gold as an investment, they can trust Bajaj Finance to provide them with the latest and most accurate information about gold rates in India.

Monitoring the gold rate is not just crucial for those looking to buy gold jewellery; it is also important for those considering gold loans. Their gold assets can serve as a valuable resource in times of financial need. By staying informed about the gold rate, individuals can gain the ability to accurately assess the current value of their gold, enabling them to determine the loan amount they can secure against it.

Empowered with this knowledge, individuals can make informed decisions, capitalise on favourable opportunities, and confidently access the funds they require through a gold loan.

The post Key Factors Contributing to the Rise in Gold Prices in India appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

NFO Alert: Bajaj Finserv Balanced Advantage Fund by Bajaj Finserv AMC, NFO Starts On November 24th

Newsmantra — Thu, 23 Nov 2023 12:41:51 +0000

Pune, Maharashtra, India

Bajaj Finserv Asset Management has announced the launch of the Bajaj Finserv Balanced Advantage Fund (BAF), an open-ended dynamic asset allocation fund designed for investors seeking exposure to equity and equity-related instruments, including derivatives and fixed-income instruments.

he scheme will open for subscription on November 24 and will close on December 8.

Bajaj Finserv BAF uses a unique investment model which combines an approach of behavioural sciences and financial insights. By using this asset allocation technique, investors may seek benefit to navigate market volatility and optimize returns. Rather than using only quantitative models to decide allocation, the Bajaj Finserv AMC investment team analyses behavioural aspect as well, which may help investors earn relatively better returns over long term.

The primary aim of the Bajaj Finserv Balanced Advantage Fund is to harness the potential upside of equities while mitigating downsides. This is achieved through dynamic portfolio management, encompassing investments in equity, debt, money market instruments, and derivatives. It’s important to highlight that this scheme incorporates a behavioural edge to counter emotion-driven investment decisions.

Exploring the unique features of Bajaj Finserv Balanced Advantage Fund

Dynamic Asset Allocation: In response to market conditions, the fund adapts its asset allocation dynamically, providing a flexible approach to optimize returns and manage risk.

Optimizing Returns: Actively pursuing growth opportunities, the scheme focuses on intelligent investment decisions aligned with its dynamic allocation strategy.

Risk Management: Vigilantly monitoring potential risks, the fund aims to limit the impact of market volatility on invested capital.

Navigating Market Volatility: The fund’s strategy is crafted to navigate market fluctuations, offering relative stability and minimizing the impact of abrupt market movements on your investment.

Adapting to Change: In the ever-evolving realm of investments, the fund is equipped to adapt to change, striving to ensure that your portfolio remains resilient and responsive to market dynamics.

Long-Term Perspective: Bajaj Finserv Balanced Advantage Fund is well-suited for investors with a long-term horizon. The fund’s strategy aligns with the goal of capitalizing on the potential of equities over an extended period, emphasizing the significance of sustained growth.

Who should consider this scheme?

This scheme is for investors who:

Desire dynamic asset allocation in their portfolio.
Seek diversification to manage risk effectively.
Prefer professional fund management to navigate market complexities.
Aspire for potential capital appreciation over the long term while mitigating downside risk.
Have a long-term investment horizon and value the benefits of sustained growth over time.

NFO Details of Bajaj Finserv Balanced Advantage Fund

NFO Period: November 24, 2023, to December 8, 2023

Minimum Application Amount: Rs 500 in multiples of Re 1 and the minimum additional application amount is Rs 100 in multiples of Re 1.

The post NFO Alert: Bajaj Finserv Balanced Advantage Fund by Bajaj Finserv AMC, NFO Starts On November 24th appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

How Bajaj FD Can Help You in Diversifying Your Investment Portfolio

News Mantra — Thu, 20 Jul 2023 13:15:45 +0000

Diversification is a commonly used term in the world of finance and investments. It is a strategy that every investor should adopt to minimize the risks and maximize the returns on their investments. Diversification entails spreading your investment across different asset classes, industries, and geographies.

One of the avenues for diversification is fixed deposits, commonly known as FDs. FDs have been a popular choice for investors for decades due to their fixed income and low-risk profile. In India, Bajaj Finance is a leading NBFC that has been offering FDs to customers for a while now.

Bajaj FD Interest Rates
One of the primary reasons why Bajaj FD is attractive to investors is its high-interest rates. Bajaj Finance offers up to 8.05% interest rate at maturity for a tenor of 36 to 60 months for non-senior citizens. Bajaj Finance also offers senior citizens an additional 0.25% interest rate over and above the regular interest rates. There is also a higher interest rate applicable for special tenures of 15, 18, 22, 30, 33 and 44 months. The highest FD rate offered by Bajaj in 2023 is 8.60% for senior citizen for a tenure of 44 months.

High-interest rates make Bajaj FD a safe bet for investors seeking fixed income with minimal risk. It also serves as a hedge against inflation. The FD interest rates calculator can be used to compute the returns.

Diversification with Bajaj FD
While FDs are known for their low-risk profile, they also offer a good opportunity for diversification. Investors can invest in multiple FDs with different tenors to spread the risk and maximize the returns. With Bajaj Finance, investors can start with as low as Rs. 15,000 per FD. Bajaj Finance also offers flexible tenors ranging from 12 to 60 months. This allows investors to align with their financial goals and liquidity requirements.

Experts suggest that investors should allocate around 10-15% of their portfolio towards fixed income investments such as FDs. By diversifying your portfolio with Bajaj FDs, investors can mitigate the impact of market volatility and interest rate fluctuations.

Apart from this there is also diversification in the payouts Bajaj Finance offers for their FD. There is monthly, quarterly, half-yearly, and yearly interest payout options. You also have the option of full payout (interest + principal) at the end of the tenure (maturity).

Safety of Bajaj Finance FD Bajaj Finance Fixed Deposits have one of the highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE ratings ensure that your deposits are secure and safely invested to yield good returns at maturity. This safety parameter makes Bajaj Finance Fixed Deposit a sought-out investment option for different strata of investors.

Bajaj FD for Long-Term Financial Goals
Bajaj FD is particularly useful for long-term financial goals such as child’s education, retirement planning, or saving for a home. With long-term FDs, investors can enjoy higher interest rates and high returns. The amount invested in Bajaj FDs can be used to fulfil financial goals without worrying about the market volatility and other external factors that affect other asset classes such as stocks and mutual funds.

The flexibility in tenor options also allows investors to plan their cash flows and liquidity requirements. For instance, if an investor has a financial goal that falls due in 5 years, they can invest in a 5-year FD and lock-in the interest rate for that tenor. This ensures that the investor is not exposed to interest rate fluctuations and can enjoy the high-interest rate for the entire tenor.

Core USP of Bajaj FD
One of the core USPs of Bajaj FD is its stability and strong financial standing. The NBFC has a long-standing reputation for offering high-quality financial products and services to customers. The high credit rating and robust financial performance indicate that Bajaj Finance is a reliable and stable NBFC.

Furthermore, Bajaj Finance offers flexible tenor options and attractive interest rates that make FDs an attractive investment opportunity. The ease of online account opening, and management also makes the investment process hassle-free.

In conclusion, diversification is an essential aspect of an investor’s investment strategy. Bajaj FD serves as an excellent avenue for diversification due to its fixed income and low-risk profile. Furthermore, Bajaj Finance offers competitive interest rates, flexible tenor options, and strong financial performance, making it a reliable and attractive investment opportunity. Investors can use the FD interest rates calculator to compute their returns and plan their investments accordingly. By investing in Bajaj FDs, investors can mitigate the impact of market volatility and save for their long-term financial goals.

The post How Bajaj FD Can Help You in Diversifying Your Investment Portfolio appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bajaj Finance Gold Loan: The perfect solution for instant funding needs

News Mantra — Mon, 26 Jun 2023 06:15:22 +0000

In times of financial emergencies or when immediate funds are required, individuals often find themselves searching for convenient and reliable sources of financing. Bajaj Finance Gold Loan emerges as an ideal solution, providing quick access to funds against the security of gold jewellery. Gold loans help borrowers meet their immediate funding requirements without compromising their overall financial well-being.

Bajaj Finance Gold Loan

Applying for an instant gold loan is much easier compared to traditional lending options. Bajaj Finance offers a quick and easy process, competitive interest rates, and flexible repayment options, making it an attractive choice for those seeking instant funding. Borrowers just need their basic KYC documents and their 18-22-karat gold jewellery to easily get a Bajaj Finance Gold Loan starting from Rs. 5,000 up to Rs. 2 crore.

What makes gold loan a smart choice for quick finance | Bajaj Finserv

Video Url: www.youtube.com/watchv=rMmKNPKG5ns

Let’s discover the benefits of selecting a gold loan to meet instant funding requirements.

Low interest rates

One big advantage of a gold loan is the comparatively low Bajaj Finance Gold Loan interest rate. Since borrowers pledge their gold as collateral, the risk for the lender decreases, resulting in lower interest rates. Bajaj Finance Gold Loan interest rates start from just 9.50% per annum, making it an attractive borrowing option. To estimate the interest amount based on their gold jewellery weight or loan amount, borrowers can conveniently utilise the free online Bajaj Finance gold loan calculator.

Convenient repayment options

Bajaj Finance provides customers with multiple repayment options for their gold loan, allowing them to choose the most suitable repayment method. They can opt to pay the full interest amount at the beginning of the loan term and clear the remaining principal at the end. Alternatively, borrowers can make interest payments on a monthly, bimonthly, quarterly, half-yearly, or yearly basis. Furthermore, Bajaj Finance offers a loan amount of up to 75% of the estimated weight of the pledged gold jewellery.

No credit dependency

Another benefit of gold loans is that they do not require a high credit score. Even individuals with a low CIBIL Score or no credit history can avail of a gold loan. This is due to the loan being secured by physical gold jewellery, serving as collateral. To be eligible for the loan, borrowers only need to possess 18-22 karat gold jewellery.

Easy documentation

Gold loans involve minimal paperwork and quick processing. Unlike other loans that involve extensive documentation such as salary history and income proof, gold loans only require basic KYC details. Bajaj Finance follows a simple documentation process where borrowers can submit one of the following KYC documents: Aadhaar Card, voter ID card, passport, or driving licence. Income proof documents are not required.

Convenient application process

The processing of gold loans is quick and hassle-free as they involve minimal documentation and simple eligibility checks. Any Indian citizen between 21 and 70 years can easily apply for a gold loan. Bajaj Finance offers two convenient options for application: borrowers can either visit a nearby branch in person or apply online through a simple process on the Bajaj Finance website.

To apply online, customers just need to:

Go to the Bajaj Finance Gold Loan page.

Open the online application form.

Enter their 10-digit mobile number and get the OTP.

Submit the OTP to verify their details.

Select their state and city to locate their nearest branch.

Enter their full name and date of birth as per their PAN.

Set up an appointment at their nearest branch.

Once the application is submitted, a representative from Bajaj Finance connects with the customer to help them with the process further. With more than 800 branches across India, Bajaj Finance ensures quick and easy loan processing, making the customers have a convenient loan experience.

To apply for a gold loan today, simply visit the Bajaj Finance website.

*Terms and conditions apply.

About Bajaj Finance Limited

Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 66.05 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.

To know more, visit www.bajajfinserv.in

The post Bajaj Finance Gold Loan: The perfect solution for instant funding needs appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bajaj Finance among top 10 on BSE

Newsmantra — Mon, 17 Feb 2020 05:52:12 +0000

Bajaj Finance Ltd on Monday replaced State Bank of India to become India’s tenth most-valued firm by market capitalisation on the BSE.

According to the BSE, Bajaj Finance’s market capitalization stood at ₹2.87 trillion, with its shares trading at ₹4,773.85 on the BSE. The finance company’s shares have risen nearly 12% so far this year.

State Bank of India has a market cap of ₹2.81 trillion. Currently, Reliance Industries Ltd is the country’s most valued company with a market cap of ₹9.48 trillion, followed by Tata Consultancy Services Ltd ( ₹8.26 trillion) and HDFC Bank Ltd ( ₹6.73 trillion).

Hindustan Unilever Ltd is number four ( ₹4.95 trillion), followed by HDFC Ltd ( ₹4.12 trillion),Infosys Ltd( ₹3.36 trillion), ICICI Bank Ltd ( ₹3.50 trillion), Kotak Mahindra Bank Ltd ( ₹3.23 trillion), and Bharti Airtel Ltd ( ₹3.07 trillion).

Despite the slowdown in consumer spending, Bajaj Finance has reported strong earnings consistently and analysts said this is a clear indication of the company’s resilient business model.

Analysts gave a thumbs-up to the finance company’s portfolio granularity strategy across products and geographic locations and its capacity to absorb higher provisions. They believe the firm will continue on its high double-digit growth trajectory.

“Overall, we remain optimistic about BFL’s growth prospects on both topline and earnings front supported by a wide and strong customer franchise (40.38 mn customer base; 65-70% of new loans generated from existing customers), unique market positioning in India with an expanding retail franchise and distribution reach, a well capitalized balance sheet, and sound ROE profile (>20%)” said KR Choksey in a report.

SBI stock has fallen nearly 4% in the last two sessions on concerns over its asset quality after the Supreme Court rejected Vodafone Idea and Bharti Airtel’s plea seeking to negotiate payment schedule in AGR case. SBI has around ₹11,200 crore exposure to Vodafone Idea. So far this year, the stock has declined nearly 5.3%.

Investor sentiment was also hit after recent December quarter earnings of SBI showed a sharp rise in slippages. The lender reported slippages of ₹16,525 crore versus ₹8,800 crore in the second quarter led by non-performing asset recognition of housing finance account. Corporate slippage came in higher at ₹9,467 crore against ₹3,239 crore quarter on quarter.

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