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Live Currency Converter & Crypto Calculator Tool by Moneyexcel

Personal Finance

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April 7, 2022

Free Currency Converter & Crypto Calculator – The foreign currency market is extremely sensitive. The exchange rate of currency keeps on changing all the time. Thus, converting a foreign currency and knowing the exchange rate is extremely important in the volatile market. Especially, if you are traveling abroad or doing an import-export business.

A small change in the exchange rate leads to a big difference in the foreign transaction.

You need a handy live cryptocurrency converter tool that helps you to convert and compare the price of fiat monies and currency pairs USD/INR, USD/GBP, USD/AED, USD/CAD, USD/AUD with a click of a button.

Our currency converter is a quick and easy way to see the live currency market exchange rate with a click of a button.

Here is more detail about the currency converter and crypto calculator tool exclusively crafted for the Moneyexcel blog readers.

Live Currency Converter & Crypto Calculator Tool

Key Features of Live Currency Converter

#1 Live currency conversion – You can convert currency from any form to any form with a click of a button. You just need to input the amount and select the currency for conversion. The tool will display instant results.

#2 Currency Pair Support – The currency converter tool by Moneyexcel supports 190+ Fiat monies & currency pairs.

For example – You can convert from USD to INR, USD to GBP, USD to AED with a click of a button.

#3 Currency Ticker – Live moving currency ticker provides information about currency rate change in real-time. It gives you dollar value change as well as percentage change with color indication.

#4 Rate Chart – The rate chart gives you information updates about currency rate changes. It gives real-time updates on exchange rate changes.

#5 Accuracy & Update – This tool takes updates in real-time with an update frequency of 5 minutes. You can expect 99.9% accuracy in the exchange rate shown by this tool.

How to use the Currency Converter Tool?

It is an extremely easy-to-use currency converter tool of Moneyexcel.

Click on the currency converter tool link.
Enter the amount you want to convert via this tool.
Select the From currency from the drop-down.
Now select the To currency from the drop-down.

This tool will give an instant result of currency conversion.

Key Features of Crypto Price Checker

#1 Crypto Conversion – You can get the price of crypto in real-time. You can get cryptocurrency conversion rates in all major currencies such as USD, CAD, GBP, and INR.

#2 Crypto Ticker – Crypto Ticker is a tool that gives a real-time update about all cryptocurrency prices. The ticker also gives you a price change percentage with a color code.

#3 Currency Rate Chart – On the cryptocurrency rate chart you will get a graph of all major crypto such as Bitcoin, Ethereum, Litecoin, Dogecoin, etc.

#4 Top 10 Cryptocurrency Price – The top 10 cryptocurrency price chart table gives you the latest update about the top 10 cryptocurrency prices, market cap, and supply details. In short, you will get a complete performance analysis of cryptocurrency on this tool.

#5 Cryptocurrencies support – The cryptocurrency calculator supports 500+ cryptocurrencies. You just need to select crypto and fiat monies for the conversion.

How to use Crypto Calculator Tool?

It’s a quick and easy-to-use crypto calculator tool.

Click on the currency converter tool link.
Select BTC or any other crypto from the dropdown.
Enter crypto count into the input field.
Select the currency pair for the conversion from the dropdown.

You will get an instant conversion price.

In addition to foreign currency rate and crypto rate, you will also get daily gold and silver price update on our commodity tracker tool.

Over to you

I hope the foreign currency converter tool and crypto calculator by Moneyexcel help you in your managing your finance.

Share these tools with your friends, and colleagues in your community.

In case of any query please write us at info@moneyexcel.com

5 Best SIP Mutual Fund Schemes for Investment 2022

Mutual Funds

Shitanshu Kapadia

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April 6, 2022

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Mutual Fund SIP is one of the best investment options. You can easily beat inflation and generate two-digit returns by investing money in mutual funds.

If you are serious about wealth creation, you should invest in Mutual Funds via SIP way. Leaving surplus cash in the savings account is not the correct way to grow your fund and fulfill your financial goals.

Here is a list of the 5 Best SIP Mutual Fund Schemes for Investment in 2022. You can build your mutual fund portfolio by investing money in these schemes.

The list of schemes given here contains mutual funds from every category such as large-cap, mid-cap, small-cap, flexicap, and large cap-mid cap categories.

5 Best SIP Mutual Fund Schemes for Investment 2022

#1 IDFC Large Cap Fund

The first fund is from the large-cap category – IDFC Large Cap Fund. IDFC Large cap fund is one of the most popular mutual fund schemes for investment. IDFC Large cap fund has given 23% absolute returns (As of April 2022) in the last year. Historically also this fund has generated very good returns for the investors. The major portion of this mutual fund portfolio contains very good large-cap stocks such as HDFC Bank, SBI, Infosys, Reliance, etc. It is a four-star rated fund by CRISIL.

Historical performance of IDFC Large Cap Fund

Duration	Returns
1 year	23%
3 years	56%
5 years	87%
Since launch	407%

#2 ICICI Prudential Mid Cap Fund

The second fund is from the Midcap category – ICICI Prudential Mid Cap Fund. ICICI prudential mid-cap fund has given a very good return to the investors in the last five years. This fund is managed by an experienced fund manager. It is a 3 star rated fund by CRISIL. The portfolio of this stock consists of 50% investment in mid-cap, 23% in small-cap, and 7% in large-cap stocks.

Historical performance of ICICI Prudential Mid Cap Fund

Duration	Returns
1 year	29%
3 years	68%
5 years	85%
Since launch	1527%

Best Mutual Funds to Invest in 2022 – Top 10 Mutual Funds India 2022

#3 Nippon India Small Cap Fund

The third best mutual fund is from small cap category – Nippon India Small Cap Fund. Nippon India Small Cap fund is a four-star rated fund by CRISIL. In the last year (up to March 2022) this fund has given 49% returns to the investors. In the last five years, this fund has generated 147% returns. This fund has surpassed the benchmark return of Nifty 50 this year. You can invest in this fund for a long-term perspective.

Historical performance of Nippon India Small Cap Fund

Duration	Returns
1 year	49%
3 years	118%
5 years	147%
Since launch	783%

#4 UTI Flexi Cap Fund

The fourth best mutual fund is from the Flexi cap category – UTI Flexi Cap Fund. UTI Flexi Cap Fund is a five-star rated fund. It is a high-risk fund. This fund has generated 75% returns for the investors in the last 3 years. The portfolio of this fund contains well-known stocks such as Bajaj Finance, L&T Infotech, HDFC Bank, Infosys, etc. The expense ratio of this fund is low.

Historical performance of UTI Flexi Cap Fund

Duration	Returns
1 year	19%
3 years	75%
5 years	119%
Since launch	1070%

#5 Axis Growth Opportunities Fund

The fifth best mutual fund for the SIP route is the Axis Growth Opportunities fund. Axis Growth Opportunities fund is five star rated fund by value research. This fund is turn out to be one of the best performing funds in the last year. This fund has generated 94% returns to the investors in the last 3 years. The expense ratio of this fund is low.

Historical performance of Axis Growth Opportunities Fund

Duration	Returns
1 year	30%
3 years	94%
Since launch	109%

Important points for the Selection of Mutual Funds

Don’t invest in a fund because of its popularity or rating. Make sure that the fund objective is matching with your financial goal.
The fund that offers a higher return in a shorter duration is better for investment. However, a higher return is not the only factor in investing.
Know about the applicability of tax on the mutual fund before investing.
Equity-oriented mutual funds are best for long-term investment.
A direct plan for mutual funds gives you higher returns as compared to the regular plan of mutual fund schemes.

Make sure to review your investment portfolio once in a few weeks.

Over to you

Share this best mutual fund list with your freinds and give them chance to invest and earn more.

21 Types of Business Insurance Policies

General Insurance

Shitanshu Kapadia

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March 22, 2022

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Business insurance is becoming extremely important to protect your business.

Recently I have come across a fire incident in my client’s factory. Complete machinery and property got burned due to the fire incident. Fortunately, he had taken a fire insurance policy for his business. He could claim the insurance and re-establish his business quickly.

The key learning here is you must purchase a business insurance policy to protect your business.

What is business insurance?

Business insurance is an insurance policy. This policy protects your business against unfrozen incidents like natural disasters, theft, destruction, litigation, loss of income, employee illness, injury, and death. In this insurance policy, you pay a premium for the coverage amount and, in return, you can avoid financial losses arising due to accidents or mistakes.

Business insurance is also known as commercial insurance.

Business insurance gives you peace of mind to run your business confidently. You can stay protected focus on the growth of your business with a commercial insurance policy.

The policy types depend upon industry, location, number of employees, size, and coverage required.

Different types of business insurance policies are as follows –

21 Types of Business Insurance Policies

#1 Liability Insurance Policies

Liability insurance policies provide coverage against a claim arising from a third party such as injury, property damage, litigation. In absence of such a policy, you need to pay expenses from your pocket. Lability insurance cover includes general liability, professional liability, and public liability.

#2 Employee Insurance Policies

Employee insurance policies are also known as worker’s compensation plans. This type of policy provides coverage against expenses arising from injuries or illness to employees. This policy also covers legal cost against business, in incase a deceased family member file a case against the business.

#3 Property Policy

Property policy is a type of commercial insurance that pays compensation against damage to the property. The amount payable is for the repair or replacement of property. This amount is payable in case of a natural disaster such as an earth quack or damage caused by vandalism. For businesses seeking reliable coverage, insurance providers like PSA Financial can offer tailored property policies that protect assets from a wide range of risks, ensuring financial security and peace of mind.

#4 Builders Risk Insurance

Builders Risk Insurance, also known as Course of Construction Insurance or Construction All Risk Insurance, is a specialized type of coverage designed to protect construction projects during their development stages. A Builder Risk Insurance Policy safeguards construction professionals, property owners, and investors from potential financial losses resulting from unforeseen events that can disrupt or damage construction work. It covers risks such as fire, theft, vandalism, and weather-related damage during the building process. Having this coverage ensures that unexpected setbacks don’t lead to significant financial strain or project delays. Whether it’s a small renovation or a large-scale construction project, having builders risk insurance in place is a wise decision for anyone involved in the construction business.

#5 Loss of Income Coverage

A loss of income coverage policy helps business owners to pay the fixed cost in case the business is unable to recover fully after the disaster.

#6 Product liability coverage

Product liability coverage is important in case you are in the manufacturing business. This type of insurance provides coverage against litigation arising due to damages caused by your products.

Home Insurance Policy in India – Features, Benefits

#7 Vehicle insurance

Any vehicle used for running the business should be insured as per policy. In India, it is mandatory to take third-party insurance for private and commercial vehicles. This type of insurance provides coverage against the third-party claim.

#8 Commercial Vehicle Insurance

Any commercial vehicle used for running your business should be covered by a commercial vehicle insurance policy. This policy provides protection against any damage caused to the vehicle or driver or to the third party in case of an accident.

#9 Business interruption policy

Business interruption policy offers coverage against any business interruption and loss of income due to unavoidable circumstances such as natural calamity, riots, etc.

#10 Fire Insurance

A fire insurance policy is an exclusive policy that provides protection against fire-related incidents and burglary. You will be paid with repair cost and cost of the machine in case of damage due to fire.

#11 Marine Insurance

Marine insurance is a special type of insurance policy that is designed to cover the damage or loss of cargo ships in transit or loss arising due to third-party liability.

#12 Crop Insurance

Crop insurance policy is purchased by farmers. This type of policy is subsidized by the Indian government. Farmers get protection against the loss of crops due to natural disasters such as floods or drought.

#13 Kidnap or Ransom Insurance

Kidnap or ransom is a special type of insurance. This insurance provides coverage against kidnapping. This policy covers ransom payment and medical and travel-related expenses due to kidnapping.

#14 Cyber Risk Insurance

Cyber risk insurance is a special type of policy mainly designed for online businesses. This policy covers data loss, e-business interruption, hacking attempts, reputation liability, and information security costs.

#15 Export & Import Insurance

Export and import insurance policies are designed keeping in mind different trade requirements. Some common types of export and import policies are open policy, traditional international insurance, precise loss evaluation, etc.

#16 Factory or Warehouse Insurance

Factory and warehouse insurance is designed to cover factory premises and warehouse stocks against risks such as fire, theft, explosion, natural calamities, etc. This policy covers any damage of goods, machinery, or building in and outside the premise.

#17 Error and Omission Insurance

Error and Omission insurance is one type of professional liability cover. This policy provides protection to the business and employees against claims made by clients for inadequate work or errors in the services offered by the business.

#18 Construction all-risk insurance

A construction site is operating full of risk. This involves damage due to pilferage, theft, legal claims, and many others. This policy provides coverage against physical damage as well as the life of construction site workers and laborers.

#19 Office Insurance

An office insurance policy provides complete coverage to business offices it covers all corporate offices and staff. This policy provides protection against injury and office place damage.

#20 Burglary Insurance

A burglary insurance policy is a specially designed policy that covers the losses arising due to theft. The burglary insurance covers theft of the property from within the household or within an automobile.

#21 Group Medical Insurance

Group medical insurance policy provides complete health insurance coverage to all office staff, workers, and their family members against illness and medical emergencies.

Features of Business Insurance

The common features of business insurance policies offered in India are given below.

Coverage of third party liability on business
Loss due to theft
Damage to property and stock against fire and natural disaster
Injury or death coverage during working hours
Liability cover due to negligence and error
Emergency Medical coverage

How to purchase business insurance in India?

You can purchase a business insurance policy either online or offline.

Online Option

Prepare the list of insurance providers & their websites.
Now visit the official website and check out policy detail.
Get a complete understanding of the plan and features.
Know the exact coverage details and make sure it meets mandatory and business protection requirements.
Compare the premium amount and coverage offered by the insurers.
You can make use of an insurance aggregator website.
Once you make up your mind you can make premium payment online and purchase the policy.

Offline Option

Prepare the list of the insurance provider and find out their branch address.
Alternatively, you can reach out to a general insurance policy agent.
Get product information and compare it with other similar policies.
Once you make up your mind submit the insurance policy form and premium cheque to purchase the policy.

Things to consider before buying a business insurance

Risk

Firstly, you need to decide the risk coverage profile of your business. The main reason for buying business insurance is to get risk coverage. You need to determine the level of risk your business is exposed to. You can take the help of a professional for assessing risk. This is required to decide which policies are required for your business.

Insurance Coverage

Secondly, decide the coverage amount. Your premium amount is decided based on the coverage amount. An insurance broker can give you a fair idea about insurance coverage and premium charges.

Comparison

Make sure to carry out feature comparisons before finalizing a policy. You can make use of an online website in order to make a comparison of the policies.

Go for a reputed agent or online portal

The selection of an agent or online portal is extremely important while buying a policy. You should go for the reputed agent or online portal while purchasing a policy.

Final Words

Finally, I would say that insurance for your business is extremely important and you should buy an adequate policy for the same.

Makes sure to reevaluate your insurance need at a specific interval to find out additional coverage requirement.

Remember – Nobody wants business insurance, but everybody needs it.

5 Best Hybrid Mutual Funds to Invest in 2024 – Up to 30% Return

Mutual Funds

Shitanshu Kapadia

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March 21, 2022

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5 Best Hybrid Mutual Funds to Invest in 2024 – Up to 30% Return

Hybrid Mutual Funds – There are three types of mutual fund investors, One, those who are willing to take a risk and invest in equity funds. Second, are those who are risk-averse and select debt funds, and third are balanced investors, who invest in hybrid mutual funds.

What is Hybrid Mutual Fund?

Hybrid mutual funds are funds that invest in both equity and debt instruments depending on the investment objective of the fund. This means hybrid funds provide diversified exposure to both the equity and debt markets. Hybrid funds reduce concentrated portfolio risk. The hybrid fund has the potential to generate slightly higher returns compared to debt mutual funds. These types of funds are ideal for moderate risk-taking investors.

Benefits of Investing in Hybrid Mutual Funds

Investing in a hybrid fund offers diversification to the investors, as this fund invests in both equity and debt asset class.
A hybrid fund allows investors to balance risk and return. The equity portion generates higher returns and debt earns steady returns at lower risk.
Hybrid funds carry lower risk compared to pure equity funds.
Hybrid funds are best to hedge against inflation as the equity component offers a higher return and the debt component offers regular income.

How to select Hybrid Mutual funds for investment?

You should consider the following factors while selecting hybrid funds for investment.

Fund performance – Hybrid fund offers moderate returns to the investors. You should check the fund performance for the past three years before investing in hybrid mutual funds.

Risk – You should assess a mutual fund portfolio with respect to risk. Check out where the fund manager is investing your money and in what ratio. Based on the fund portfolio you can determine what type of returns are expected from the fund and risk level.

Expense ratio – Check the expense ratio of the fund. The expense ratio is decided by the fund manager based on expenses incurred for managing funds. Ensure that the expense ratio of the fund is lower.

Fund Type – You need to check out the fund type before investing. There are six types of hybrid funds available in the market, balanced, aggressive, dynamic, income generation, etc.

Fund Rating – Fund rating is an important thing to check before investing. You should invest in a fund with a fund rating 4 Stars or above.

Investment Objective – Make sure to check the investment objective of the fund. The investment objective of the fund where you are investing money should meet your investment goal.

Top 5 Best Performing ESS to Invest in 2022

5 Best Hybrid Mutual Funds to Invest in 2024

#1 ICICI Prudential Equity and Debt Fund Direct

ICICI Prudential Equity and Debt Fund Direct is the first aggressive hybrid fund for 2024.

Rationale –

ICICI Prudential Equity and Debt Fund is the best-performing mutual fund. This fund is beating the benchmark index consistently. This fund has given 39.4% returns (as of June 2024) to investors in the last year.
The expense ratio of this fund is low (1.02%) which is very good as a fund manager is managing funds with lower expenses.
The CRISIL rating of this fund is five and this fund invests 72% money in equity and the rest in debt.

#2 Kotak Equity Hybrid Fund – Direct

Kotak Equity Hybrid Fund – Direct is one of the best-performing hybrid funds for 2024.

Rationale –

Kotak Equity Hybrid fund has generated very good returns for investors in the last three years. This fund is generating good returns with respect to peer funds.
The CRISIL rating of this fund is four-star.
The expense ratio of this fund is the lowest 0.48% (as of June 2024).
It is an aggressive hybrid fund recommended for investment from a long-term perspective.

#3 Franklin India Equity Hybrid Fund – Direct-Growth

Franklin India Equity Hybrid Fund – Direct-Growth is Top most aggressive hybrid fund for 2024.

Rationale –

Franklin India Equity Hybrid Fund has consistently given double-digit returns to investors. Last year this fund generated 33.79% returns for the investors. (As of June 2024).
CRISIL has given a four-star rating to this fund.
The expense ratio of this fund is very low 1.08%.
It is a good fund for investment in the long run.

#4 HDFC Balanced Advantage Fund – Direct Plan-Growth

HDFC Balanced Advantage Fund – Direct Plan-Growth falls under dynamic asset allocation or balanced advantage category. It is one of the top-performing funds.

Rationale –

HDFC Balanced Advantage Fund has given 41.76% returns (as of June 2024) to investors in the last year.
It is managed by an experienced fund manager. The expense ratio of this fund is 0.73% (As of June 2024).
CRISIL has given a four-star rating to this fund.

#5 Edelweiss Aggressive Hybrid Fund Direct-Growth

Edelweiss Aggressive Hybrid Fund Direct-Growth is an aggressive hybrid fund generating consistent two-digit returns for the investors.

Edelweiss Aggressive Hybrid Fund has given 36.25% returns (as of June 2024) to investors in the last year.
This fund has the lowest expense ratio of 0.39%.
The CRISIL Rating of this fund is Five Star.
This fund is consistently beating the benchmark index.

Over to You

The hybrid fund has gained very good popularity among investors in the past few years. This fund balances the risk and return and help investors to diversify their portfolio.

If you are moderate risk investors or novice investor you should consider a hybrid fund for investment.

Note – All mutual funds given above are aggressive hybrid funds and fall under the direct category (free from distribution commission).