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OPPO A52 with 6.5-inch FHD+ display, 6GB RAM & 5000mAh battery launched in India

Oppo has been one of the long-standing camera expert phone brands in India, along with Vivo. However, gone are the days when the brand was just that. It is now an all-round smartphone expert in the Indian market, and has proven its position with every new release. Today, we will have a look at its latest wonder, the Oppo A52.

The latest Oppo mobile was first unveiled in China in April. We have had our eyes on it since, and we can finally hail its entry into the Indian market. The A52 is a budget smartphone but its features speak otherwise, which is exactly what you can expect from Oppo. If your budget is too tight, you can always buy the right mobile on EMI quite easily.

Price and availability

In India, the price of the Oppo A52’s 6GB+128GB model is Rs.16,999. It is available in Stream White and Twilight Black shades. It has been announced that the phone will go live on the 17th of June on major online as well as offline retail platforms.

There have been claims that a 4GB+128GB and an 8GB+128GB variant will also be available soon, but prices and other details are still pending.

Additional Read – Top value for money phones offered by Oppo

Main features

The OS used for this latest Oppo mobile is Oppo’s own Color OS 7.1, which is based on the latest Android 10 version. It boasts of an FHD+ display measuring 6.5 inches with a resolution of 1080p X 2400p. The screen-to-body ratio of this handset is 90.5%.

The smartphone’s dimensions are 162.0 X75.5 X 8.9mm and has a considerable weight of 192 g.

The attractive Oppo A52 runs a Snapdragon 665 SoC with an eight-core (2 GHz, Kryo 260,  quad core, + 1.8 GHz,  Kryo 260, quad core), one of the highest at this point. Pair this with a 6GB RAM and a 128GB internal storage, and you have a powerful machine at your fingertips. The memory is also expandable upto 256GB with an external microSD card.

OPPO A52 Features

Cameras

At the rear of the Oppo A52 are four impressive cameras.

  • A 12MP main, wide-angle camera with aperture f/1.7
  • An 8MP secondary camera with ultra-wide lens, aperture f/2.2, and a 119 degrees field of view
  • A 2MP macro sensor with an aperture of  f/2.4
  • A 2MP depth sensor with aperture f/2.4

For excellent selfies and quality video calling, you can rely on the 8MP camera at the front. Necessary features like LED flash, panorama, and HDR are included. Video can be recorded with 4K quality @30 frames per second, with 1080p resolution. If you have used an Oppo phone before, you would know that no matter what the specifications say, the selfie camera will not disappoint you for sure.

This set of features may look so alluring that you might want to go for a new purchase even though you don’t really need one. These are the times for which the mobile on EMI option was made.

Additional Reads – How to choose the right smartphone?

Other features

For connectivity, the Oppo A52 has Wi-Fi, LTE, Bluetooth and a 3.5mm earphone jack, plus a USB C-Type charging port. Sensors include the side-mounted fingerprint sensor, the accelerometer, the proximity sensor, and the compass.

As far as battery is concerned, there is a 5000 mAh pack which is supported by an 18W fast charger, which solves all your worries about full day usage.

Conclusion

All in all, this latest Oppo mobile is a budget phone which packs in way more than its price should. Trust Oppo to come with reliable smartphone solutions for your everyday needs and packing a punch with the fancy features at the same time. If price is your only deterrent, you can always fall back on a mobile on EMI plan like the Consumer Durable Loan from Tata Capital.  Not only does it provide you with an EMI with 0% interest, but also processes your loan faster with minimal documentation requirements.

Check out your Home Loan Eligibility Based on Salary

Is salary the most important home loan eligibility criterion? Let’s find out!

In India, house financing has made homeownership possible for several individuals. Today, more than ever, borrowing a home loan, is supported by attractive interest rates and affordable house loan EMI, especially for salaried individuals.

When buying a house, a key component in determining your home loan eligibility is your monthly salary as it reflects your ability to bear the cost of borrowing. Furthermore, your monthly salary also factors into other significant eligibility criteria such as home loan interest rates, credit score, loan-to-value ratio, and maximum home loan EMI amount.

Additional Read – Home Loan Terminologies you should know before Applying

How Is Your Income Evaluated For a Home Loan?

An applicant’s income is a crucial home loan eligibility factor as it stands for their repayment capacity. Usually, when you apply for home loan, lenders will ask you to present documents of income proof such as six months’ salary slips, tax returns of the last three years, etc. Additionally, lenders require details such as a current address, date of birth, bank statements, PAN, and others to evaluate your housing loan eligibility.

When assessing your monthly salary, lenders will not consider monetary perks like medical or travel allowances as these constitute a particular expense. They will deduct said expenses from your in-hand salary to determine your net income and decide on the home loan amount as well as a suitable home loan rates. However, as a rule of thumb, most lenders offer a housing loan amount up to 60 times of an individual’s net income.

Additional Read – Want to Own a Home? Find Out How

Simply put, your salary determines your ability to service a loan and thus, a high income can fetch you a high home loan amount. Besides, several factors, such as home loan tenure, debt-to-income ratio, processing time, and home loan interest rates, among others, depend directly or indirectly on your salary. Additionally, your net monthly income will also determine your house loan EMI and home loan interest rates while taking these factors into account.

Use a Home Loan EMI Calculator

For a more accurate idea about your EMI obligations, using a home loan EMI calculator is a viable option – especially for first-time homebuyers. Avoid time wastage and erroneous estimation – common during manual calculations – by using a home loan EMI calculator online to figure out the EMIs on your stipulated home loan amount.

Additional Read – Understanding the Benefits of a Home Loan Calculator

Over to You

Undoubtedly, an applicant’s salary is a crucial home loan eligibility factor and demands attention but, for first-time borrowers, the entire housing loan process can become especially cumbersome. Therefore, before applying for a home loan, thorough research of the financial market is necessary. At Tata Capital, you can secure a home loan online at attractive interest rates with tenure of up to 30 years. We also provide a free and easy home loan EMI calculator online that can assist you in determining the EMIs for your desired housing loan amount. If you are looking for hassle-free housing finance at competitive interest rates, you can apply for easy home loan by logging on to our website today!

Home Loan Tips for Single Working Woman in India

Gone are the days when housing finance was only accessible to men! Today, working women are more than capable of availing a home loan to purchase a property of their choice. But, for some women, housing finance can still seem improbable. To help them, various financial institutions have introduced special “home loan for women” schemes that can make the entire process of borrowing hassle-free.

Additional Read – Check Out Home Loan Benefits to a Women in India

Are you a single working woman who wants to buy a house? If yes, then here are a few useful home loan tips for you.

1. Assess Your Financial Profile

Estimate your affordability by including other income sources and profits from investments, to accurately determine the home loan amount you can service without compromising on your monthly obligations. Talk to your friends and colleagues and scour the internet to select a credible lender who offers low home loan interest rates.

2. Monitor Your Credit Score

Generally, lenders check your CIBIL score to determine your creditworthiness. A CIBIL score of 750 is desirable as it reflects a higher ability to service a home loan. Thus, when applying for a home loan for women, applicants should monitor their credit score by paying off the existing dues and maintaining a good debt-to-income ratio.

3. Save For Down Payment

By paying a higher amount upfront, women applicants can reduce the total housing loan amount and subsequently, lower the percentage of interest to be paid on the outstanding balance. Doing this will also result in lowering of EMIs for the entire loan tenure.

Additional Read – Home Loan Down Payment Advantages for Women

4. Leverage Government Schemes

Government has announced several schemes such as lower home loan interest rates, tax benefits, PMAY scheme, lower stamp duty, etc. to benefit women homebuyers. For women applicants, some states also offer certain waivers and interest subsidies, to encourage homeownership. Single women applicants can leverage these government schemes when taking out a housing loan to reduce the cost of borrowing.

5. Apply With a Co-applicant

Women borrowers can enhance their home loan eligibility by applying with a co-applicant. You can apply for a home loan with up to three earning members of your family. As the combined income will be higher, women applicants can secure a higher loan amount to make the house purchase. Furthermore, each co-applicant can also benefit from tax deductions.

6. Consider Hidden Charges

Usually, when you borrow a home loan, the amount does not cover additional costs like stamp duty, registration charge, loan processing fee, etc. since the lenders only provide the borrower with the home acquisition cost. Therefore, it is wiser to consider all the home loan fees and charges before settling for quick home loans to avoid a shortage of funds.

To avail of an easy home loan at an attractive interest rate, Tata Capital must be your top pick. We offer quick home loans with minimal documentation. For more details, visit our website today!

Common Mistakes you Make While Applying for a Home Loan Under PMAY

“A house is made of bricks and beams, but a home is made of hopes and dreams.” To give wings to hopes and dreams of millions of Indians who had no place to call home, the Pradhan Mantri Awas Yojana was launched, back in 2015. The PMAY is a Credit-Linked Subsidy Scheme (CLSS) aiming to provide affordable housing to all eligible beneficiaries by the year 2022.

However, lenders can reject an application for home loan subsidy under PMAY in case of non-fulfilment of certain specific criteria. Let’s find out the common reasons for application rejection.

Reason #1 Pre-Ownership

One of the Pradhan Mantri Awas Yojana eligibility criteria for home loan subsidy is that the applicant or their immediate family members must not have a property registered under their name. Pre-ownership of a home by the applicant or any of their household members will make them ineligible for availing PMAY advantages.

Additional Read – How is PMAY Beneficial for You?

Reason #2 Previously Availed Central Assistance

To avail Pradhan Mantri Awas Yojana subsidy, an applicant or any of the applicant’s family members must not have availed central assistance under any other housing scheme. If it is found that central assistance was previously availed, the applicant’s Pradhan Mantri Awas Yojana form for home loan subsidy will be rejected.

Reason #3 Previously Availed Home Loan Subsidy

This reason for Pradhan Mantri housing loan rejection pertains to married couples. Now, as per PMAY eligibility criteria, either of the spouse or both (in the form of a joint loan) can avail a single home loan subsidy. If one of the spouses has already availed of the Pradhan Mantri Awas Yojana subsidy, the application of the partner or a joint application may be turned down.

Reason #4 Property that Lies Outside the Scope of PMAY

One can avail of the Pradhan Mantri Awas Yojana either for newly constructed houses or for the expansion of an already existing property. In case an applicant applies for PMAY for any other purpose, for example – a resale flat, the lender will decline the application.

Reason #5 Applying Under the Wrong Income Group

The most common reason for PM Awas Yojana application rejection is applying under the wrong income group. The PMAY scheme is available to aspiring homeowners, provided they belong to any of the following income categories-

  • EWS or Economically Weaker Section – Households with an annual income below Rs. 3 lakhs
  • LIG or Lower Income Groups – Households with annual income between Rs. 3 lakhs to Rs. 6 lakhs
  • MIG I or Middle-Income Group I – Households with annual income between Rs. 6 lakhs to Rs. 12 lakhs
  • MIG II or Middle-Income Group II – Households with annual income between Rs. 12 lakhs to Rs. 18 lakhs

Before applying for Pradhan Mantri Awas Yojana online, double-check to see if you’ve chosen the correct income group; otherwise, you run the risk of a sure shot rejection.

Additional Read – How to Get Subsidy Benefit Under PMAY Home Loan in 2020?

Steer clear of the mistakes discussed above, and you can avail of the Pradhan Mantri Awas Yojana subsidy with ease. To avail PMAY online, apply with India’s leading lending institution –Tata Capital. Fill in the Pradhan Mantri Awas Yojana form, submit the relevant and required documents, and receive your home loan subsidy in a jiffy! Don’t forget to use our reliable online PMAY calculator before you apply. To know more log on to our website today!

What are the Advantages of Owning a Second Home?

Do you already own a home, but are left with cash to spare? If yes, then invest all that money in a second house!

Why Invest in a Second Home?

As an investment, a second property serves multiple purposes. You can use it as a luxury holiday/weekend home or for when you want to get away from the cacophonous urban life. And, when not in use, you can lease out the said property to earn extra income. Moreover, as an asset, a second home has great capital appreciation value that can be leveraged in the future for reinvesting in an even better property.

Additional Read – Important Things to Consider Before Buying Second Home

Advantages of a Second Home

Call it what you may – a rental home, retirement abode, holiday home, etc. – purchasing a second home comes with a host of benefits. They are-

Rental income

You can use the rental income coming in from the second house to pay off your home loan EMI or any other debt. Alternatively, this additional income can also help you finance newer investments. Remember that over the years, the rent received from your second property will increase as real estate prices rise, and this hike will offer even higher ROIs.

Holiday home

If you purchase a second home at a vacation spot with picturesque views and a desirable climate, it can double up as a holiday home for your family. So that when you’re short on travel funds, this holiday home can become your getaway resort.

Additional Reads – Top Things to Consider Before Buying a Farmhouse

Retirement abode

If your financial health allows it, you can also invest in a second home for retirement and in the meantime, rent out the property to earn some extra cash.

Safe investment

Property investments tend to generate higher ROIs than other assets, especially if the property in question has a great location. Since the appreciation of property value negates the rise in inflation, investing in a second home is a safer option. Moreover, in the future, if there’s a financial emergency, you can sell the second property to meet the necessary monetary obligations.

Additional Reads – Want to Own a Home? Find Out How

Tax benefit

There are guaranteed tax benefits on availing of a home loan in India to buy a second home. You get tax savings on the principal amount under Section 80C and tax deductions on the home loan interest rates paid to service the loan under Section 24B. Furthermore, borrowers can claim a tax deduction of Rs. 1.5 lakhs on the principal repayments of the home loan under Section 80C and a deduction of Rs. 2 lakhs under Section 24B of the ITA.

The Bottom Line

So, investing money in a second home is a profitable option as can be inferred from the benefits mentioned above.

Do you want to apply for a home loan to invest in a bigger and better property? If yes, then reach out to Tata Capital to secure the desired loan amount at competitive ROIs. We also recommend that you check your home loan eligibility criteria before applying by logging on to our website today!

JBL Quantum range gaming headsets launched in India starting from Rs. 3999

JBL has always been right up there in the audio game with Bose and Sennheiser. As a brand, it is revered by the young and old alike. JBL has been introducing the world to top-class, sophisticated audio equipment such as earphones, headphones, and speakers year after year. In a surprise move, this month, JBL ventured into a new, niche category- gaming audio.

While a lot of audio brands have made the move to gaming in the past, it is the first time for JBL. On the 16th of June, JBL made its grand entry into the gaming world with its exquisite Quantum range of gaming headsets. There are seven different headsets in the JBL Quantum headsets range.

Price

The price of this JBL gaming headset series ranges from Rs.2,500 for the Quantum 100 to Rs.30,000 for the Quantum One. This means that whatever your budget, there will be a gaming headset for you. Here are all the other prices

Quantum 200- Rs. 3,999

Quantum 300- Rs. 4,999

Quantum 400- Rs. 7,999

Quantum 600- Rs. 12,999

Quantum 800- Rs. 17,999

Main features

In spite of being such audio powerhouses, JBL Quantum headsets are lightweight and can be worn comfortably around the head without any discomfort to your neck or head. The design is sleek and attractive, with the brand logo prominent on both sides. When you plug them into a USB mixer, you can see them lighting up with a multitude of colours that make them a lot more appealing.

The Quantum 300, 400, 600, and 800 versions feature JBL QuantumSurround, the sound expert brand’s “realistic, spatial soundstage for cinematic levels of immersion”. All the models from Quanum 400 and above have customizable lighting (RGB), along with some other tiny details brought by the special software, JBL Quantum Engine. The software is presently available only for Windows.

JBL headset features

Additional Read – Check Out the Sennheiser HD 350BT and HD 450BT Headphones Features & Price Now

Quantum One

The Quantum One has the JBL QuantumSphere 360 that can give you 3-dimensional audio positioning of a professional level on your computer. It involves a customized calibration of JBL’s algorithm along with an integrated sensor for head-tracking. The mic is also built especially for Quantum One and gives PC gaming next-generation accurate audio positioning, an independent, fixed, soundscape, and thus improves the gamer’s natural instincts.

The Quantum One also has active noise cancellation and an additional audio tuning feature customized for gaming. It also comes with ventilated cushioning and premium leather padding.

Connectivity

For voice connectivity, JBL Quantum headsets have flip-up boom microphones. They all have 3.5 mm connectivity, while some versions also have 2.4 GHz wireless, USB, or Bluetooth options.

Each of the models in the JBL gaming headset range is wired, so you can easily connect them with the 3.5mm port of a PS4 or Xbox One controller and enjoy some immersive gaming.

Most gamers are known to prefer wired connections in order to avoid latency and lags in the sound. The Quantum One has only wired options. The Quantum 600 and the Quantum 800 feature wireless connections such as 2.4GHz wireless via USB dongle. Meanwhile, the Quantum 800 also provides Bluetooth v5.0 connectivity.

Additional Read – Check Out Sony WH-CH710N Headphones with Noise Cancelling Features & More

Conclusion

If you are a hardcore gamer, you must’ve been convinced already. If you are a gamer and an audiophile too, the new JBL gaming headset range is the crossover of the year for you! There is no questioning the audio quality of a brand like JBL. This fantastic range of gaming headsets is now available on all of JBL’s retail channels in India.

So, what are you waiting for? Grab the one you think you need, and don’t worry even if it’s the formidable JBL Quantum One. A quick approval process with minimal documents will secure you a Consumer Durable Loan from Tata Capital, and the mean audio machine will be yours.

HTC U20 5G with 6.8-inch FHD+ display, quad rear cameras, 5000mAh battery announced

For months, rumour mills had been circulating stories about how HTC might be launching its first ever 5G smartphone this year. This, despite the Taiwanese electronics company that launched the world’s first Android phone, having been relatively quiet on the smartphone front in recent times. However, the rumours have indeed been realised with the launch of HTC’s latest 5G smartphone models, with the frontrunner being the HTC U20 5G.

This latest HTC phone is already being touted as the company’s comeback model with its sleek design, affordable price point, quad camera and various other premium features.

Excited about the HTC U20 5G? Here’s all you need to know about the specifics of this latest HTC phone in the market.

Specifications

Apart from its defining 5G support, the HTC U20 5G has some of the prime features one might wish for in a new-generation smartphone. This latest HTC phone comes with a large 6.8 inch LCD capacitive touchscreen display with a resolution of 1080 x 2400 pixels and an aspect ratio of 20:9. Keeping up with the demands of the modern smartphone user, the HTC U20 5G is a nano dual-SIM model that runs on the latest version of Android – Android 10.

This latest HTC phone model makes ample space for the media needs of its users with its 8 GB of RAM and 256 GB of internal storage which can further be expanded with a MicroSD card. It is also built to be a powerhouse of a smartphone with a massive 5,000mAh battery and a Qualcomm Snapdragon 765G processor with an Octa-core CPU. For refuelling, the HTC U20 5G offers Quick Charge 4.0 with fast charging of up to 18W as well as support for power-saving mode.

The phone comes in a sleek model available in colour variants of Crystal White and Dark Green. For avid gamers and lovers of movies and TV shows, the screen offers a no-distraction experience with its wide punch-hole display. Moreover, the HTC U20 5G improves ease of access to the smartphone with a well-placed fingerprint sensor on the back.

All of these attractive features make this latest HTC phone the new mid-range smartphone to watch out for. Delivering on the promise of quality consistently offered by HTC in the past, the HTC U20 5g has been built to last, as well as impress.

Additional Read – Tips to Help you Choose a Perfect Smartphone in 2020

HTC U20 Specs

Cameras

One of the best features offered on the new HTC U20 5G is its notable and well-designed quad-camera arrangement. The primary of these is the 48 MP wide shooter with an aperture of f/1.8. The camera offers Dual-LED flash, HDR and panorama features as well as 4K video recording at 30 frames per second.

Aligned with this in an aesthetic vertical slide on the back of the HTC U20 5G are the three other cameras. These include the 8 MP secondary ultrawide shooter with an aperture of f/2.2 and a 118-degree wide-angle field of view. Apart from these, there are the 2 MP macro camera  (20-100mm) and the 2 MP depth camera, both with an aperture of f2.4.

In the front, lodged in the punch hole display of the HTC U20 5G is the selfie camera of 32 MP that offers a wide view feature and an aperture of f/2.0. It also comes with in-built portrait and beauty modes to help you click and edit the perfect selfie. The selfie camera support also offers 1080p HDR video recording at 30 frames per second.

The entire collection of quad cameras offered on this latest HTC phone serve as the perfect creative tool for any aspiring or professional smartphone photographer.

Additional Read – Top 10 Things to Consider Before Buying a Good Quality Camera Smartphone

Additional Features

Apart from the lucrative features mentioned earlier, the HTC U20 5G comes with a bevy of industry-standard smartphone features. This includes connectivity support for  USB Type-C port reversible connector charging, Wi-Fi 802.11 Bluetooth 5.0 and of course, 5G network. This latest HTC phone also carries along a number of useful features such as a gyroscope, an ambient light sensor, a proximity sensor, a dynamic gravity sensor as well as a compass.

Pricing and Availability

The HTC U20 5G has only recently been launched in HTC’s home country of Taiwan and will be available for purchase starting 1st July this year. While there has not yet been an official launch date announced for this latest HTC phone in India, the smartphone can be expected to be released in the country quite soon You can get this smartphone instantly without worrying about the price using mobile on emi option.

As for the price point, the best reference for the midrange HTC U20 5G is its current price of NT$18,990 in Taiwan, which comes up to a little over Rs 48,000. If you are vying to get your hands on this attractive smartphone model but might be running short on the necessary funds, consider applying for an easy-to-pay consumer durable loan by Tata Capital. A loan will be yours with only minimal documentation in no time.

HUAWEI Enjoy 20 Pro with 6.5-inch FHD+ 90Hz display, 48MP triple rear cameras announced

Huawei and its other brand, Honor, have created waves in India with their products in the past too. This time, Huawei has come up with a brand new phone called Huawei Enjoy 20 Pro. It is Huawei’s player in the latest 5G race in the area of mobile phones. It was recently launched in its home country of China. Its global release details are still awaited, and the Indian market is keen for its launch here.

Price and availability

This latest Huawei phone has been launched in 2 RAM variations in China. For the 6GB RAM version, its price is CNY 1,999 (around Rs.21,500). The price for the 8GB RAM version is CNY 2,999 (around Rs.24,800). These are available in three elegant shades- Galaxy Silver, Magic Night Black, and Dark Blue. It is available on pre-booking basis at the moment in China, and is scheduled to be out on the 24th of June.

Although release dates in India haven’t been confirmed yet, you can of course, keep an eye out.

Whenever that happens, you need not worry about buying as you can always fall back on convenient smartphone on EMI options. So right now, just get an update on all of its features.

Additional Reads – How to Choose a Right Smartphone – Find Out Now

Core features

Display-wise, the latest Huawei phone has a 6.5 inches screen, which is an IPS LCD capacitive variant featuring a gamut of 16 million colours for a vivid viewing experience. Its resolution is 1080p X 2400 p. It has an aspect ratio of 20:9, which one would surely expect in this price range. It also has a refresh rate of 90Hz. Plus, there is the 84.7% screen-to-body ratio. The exact dimensions of the phone are 6.30 x 2.96 x 0.33 inches. It weighs about 192 grams, and a weight under 200 grams is always desirable.

The Huawei Enjoy 20 Pro works with the EMUI 10.1, which is based on the latest Android 10 OS. It is known to be an interesting UI to operate, even when compared to custom UIs of other brands like Oppo and Vivo. However, it does not feature Google Play, which is a bit of a setback for many.

It runs on an octa-core processor which is the Mediatek Dimensity 800 SoC. The RAM can go upto a massive 8GB. There is also the impressive Mali-G57MP4 GPU for excellent graphics and gaming experience. Huawei has also provided this handset with an internal storage of 128GB, which is even expandable upto 256 GB with external storage devices through a shared SIM card slot.

Cameras

At its backside, the latest Huawei phone features three stellar cameras

  • A main camera with 48MP
  • An ultra-wide camera with 8MP
  • A macro shooter with 2MP

Of course, there is a selfie camera in the waterdrop notch at the front. It is a good HDR-featuring 16MP camera with which you can enjoy good-quality video calls and selfies. For video recording, both the front and the back cameras offer 1080p of shooting at a rate of 30 frames per second. Of course, there are necessary features like panorama, HDR, and LED flash.

Other key features

The high-quality functioning of Huawei Enjoy 20 Pro is supported by a 4000 mAh battery pack which is made of Lithium Polymer and is non-removable, just like any other new smartphone these days. Plus, there is a fast charging facility with the 22.5W fast charger. Connectivity-wise, there is a 2.0 connector, a C-Type 1.0 reversible connector, and a USB OTG connector as well. Sensors packed within include a side-mounted fingerprint sensor,an accelerometer, a gyro, a proximity sensor, and a compass.

Additional Reads – Upcoming Huawei Smartphones in 2020

Conclusion

Overall, the Huawei Enjoy 20 Pro is a phone that can give any other model in this range a run for its money. It is a good overall package, and if you have been looking for a perfect new phone, this might be it.

If the price is your only concern, you can simply get your new smartphone on EMI with a Consumer Durable Loan from Tata Capital, which offers an easy, fast approval process that involves minimal documentation.

What Is The Average Recovery Time For Global Market Downturns?

In mid April 2020, the IMF declared that the forecasted recession in the aftermath of the COVID19 pandemic would likely be the worst recession since the Great Depression of 1929-1933. .

While most recent recessions have been caused by financial mishaps, the present scenario is the first economic downturn caused by a pandemic or global health emergency in nearly a century. The economic impacts are truly unprecedented. Not even World War II was enough to warrant the kinds of complete economic and social halts we are seeing today.

The current outbreak is estimated to lower global production by 3% in the coming year which is a negative change of 6.4% from the figure presented in January by the IMF’s World Economic Outlook Report. The Indian economy in particular, already projected to be heading towards a slowdown with a projected growth rate of 5.8% in January 2020, has fallen to a meagre 1.9% in the wake of the virus’ worldwide spread. China, the source of the initial outbreak, is forecasted to grow at 1.2% in this financial year.

Additional Read – Impact of Coronavirus on Global Stock Exchange Indices

What is a Downturn and how do we recover?

The definition of a downturn is closely related to GDP and can be defined as a period during which this figure drops from one quarter of the financial year to the next, signifying negative growth. If this occurs for two successive quarters, the period is declared as a recession. Some other measures of a recession are growing unemployment rates, declining production and negative consumer attitudes. On average, the past 14 recessions have lasted for a period of 403 days with the Great Depression being the single longest economic downturn over the past 100 years at 1,307 days or just shy of 3.5 years. 

(Source:Forbes)

Recessions have also generally been followed by periods of expansion, as part of the global economy’s periodic cycles of activity. These periods of expansions have varied over the years, ranging from 1 year after the 1980 recession to nearly 10 years after the 1991 recession. On average, these periods have lasted around 4 years considering data from the above infographic. While it may be useful to consult past events for guidance, they cannot always be considered an accurate forecast of things to come.

Additional Read – Investment Predictions by Wealth Managers for a Post-pandemic world

Types  Of Recovery:

Recovery from recessions may take place in the form of one of the following growth curves:

  • V shaped – Plunge in growth followed by an equally rapid recovery.
  • U shaped – Plunge followed by a slow start to the period of regrowth and expansion, which accelerates later on to attain its prior standards.
  • W shaped – Decline, initial recovery followed by a second decline as long term effects of downturns(unemployment, corporate bankruptcies) are seen.
  • L- shaped – Fall in growth followed by a very slow return to normal.
  • Swoosh – shaped – Steep decline followed by an initially slow, yet steady return to normal.

(Source:JP Morgan)

Recovery is likely to take place in the following stages:

  1. Contraction: Steep growth in unemployment and decline in productivity, consumer spending and investments.
  2. Initial Recovery After The Crisis Ends: Slight increase in investment and productivity.
  3. Return To Pre-Downturn Levels: Full recoveries from downturns to prior levels of growth depend on changing consumer attitudes, dealing with rising unemployment, rectifying systemic deficiencies and other factors.

Conclusion:

While recessions and downturns have always been a regular feature of the global economy, the degree of recovery from each individual case has always varied based on the economic and political climates prevalent at the time. Initial growth forecasts for 2021 where the market returns to normal in the second half of the coming year are contingent on the pandemic being brought under control in late 2020, as well as the lack of a second wave.

In these trying times, Tata Capital Wealth offers the services of a trusted and experienced brand and a team of expert wealth managers to help protect you against financial shocks.   With an array of tax deductible, long term wealth creation instruments as part of their offerings, you can be assured that your money and aspirations will be taken care of.

Wealth managers can’t predict pandemics – but here’s what they can do

With stock markets going topsy-turvy, investors are increasingly turning to financial experts and wealth managers to help them navigate the financial uncertainty caused due to the ongoing pandemic.

It is tricky for any wealth manager to predict what is in store. The world economy seems to be on the brink of a recession owing to the abrupt lockdown amid the pandemic but some countries are also showing signs of recovery. 

However, there are certain steps which may prove useful in finding value even in such market conditions or at least limiting the risk at a time when fear and anxiety seem to be driving most investors’ decisions.

Rebalancing the portfolio

Since several sectors, especially travel and tourism, are worse hit, rebalancing your portfolio at this juncture may be a very viable option. Prominent billionaire investor Warren Buffet recently told the shareholders of Berkshire Hathaway that he sold all the company’s airlines stocks.

Buffet predicted that the airline industry will go through a major change and that the sector will witness a higher level of uncertainty. In light of the current travel restrictions, Buffet predicted tough times ahead for the aviation sector.

The process of rebalancing your portfolio, therefore, quite simply is selling the asset classes that are over-allocated owing to the changing trends in the market and buying those that are under-allocated.

Additional Read – Why Rebalancing your Portfolio is Necessary for a Post-pandemic World

Sectors that may grow despite the pandemic

Fear of coronavirus spread has forced nations across the world to announce harsh measures such as temporary closing of industries, shops and restaurants. However, the essential services and industries are still operational.

  • Healthcare: Ever since the market logged a record decline amid the COVID-19 pandemic, experts were busy looking for companies and sectors which could brave the slowdown caused due to the crises. One sector that can ultimately drive growth during this pandemic is undoubtedly the pharmaceutical sector. Markets have already seen pharma stocks perform better than their peers owing to the increased demand for medical products. Even the chief of the Federal Reserve while announcing an emergency rate cut said that the ultimate solution is expected from the medical profession.
  • TelecomIndian telecom companies which were facing crises owing to the huge debt on the industry, have finally had a breather. The COVID-19 lockdown caused millions of professionals to operate from home which has caused a higher demand for internet and other related services. Investors have therefore chosen to cut back their investments in other sectors and pool those funds in telecom stocks. Since the future of office space is still uncertain, the telecom companies may continue to add more and more subscribers.
  • Safe-haven assets: Like every other crisis, be it the 2008 financial crises or the massive volatility caused in the financial markets due to the US-China trade war, investors are going for traditional safe-haven assets like gold. The precious metal has had a record run during the pandemic. It had topped its previous highs on multiple occasions in just the past two months.  Despite the fact that Gold itself doesn’t produce anything, investment in Gold is known to come at a time of heightened uncertainty.
  • Insurance: Ever since the Insurance Regulatory Development Authority of India asked the insurance providers to cover COVID-19 their policy, a surge in demand for insurance products has been registered. Besides, this sector posses a counter-cyclic nature, therefore, investing in insurance stocks have proven to be a sound decision during this pandemic.

(Source: Indian Express)

The prediction conundrum

Predicting a market and repositioning aggressively may lead to issues. Past experience of crises suggests that it may not be wise to exit the markets in a panic. Investors may lose an opportunity to benefit from long term gains if they choose to make wrong decisions under adverse conditions.

Additional Read – Investing Advice by Experts for Investment in Post Pandemic World

Conclusion: A crisis of this magnitude is hard to deal with.  Wealth managers have an added responsibility to be cautious while dealing with investor wealth. During such times, one doesn’t expect managers to paint a rosy picture of the economy, therefore, they should move away from their usual script.  This may be the right time to rebalance the portfolio and reaccess each sector’s performance during such times.

At a time like, a sound wealth management firm can do wonders for your portfolio. The Tata Capital Wealth provides bespoke solutions to help you navigate financial markets, and guides you towards products that are suited to your unique needs.