What is Asset Management Companies?
Answer / deepak
A company that invests its clients' pooled fund into securities that match its declared financial objectives. Asset management companies provide investors with more diversification and investing options than they would have by themselves. Mutual funds, hedge funds and pension plans are all run by asset management companies. These companies earn income by charging service fees to their clients.
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I have taken an Education Loan of Rs.4.00 lacs from a Nationalised Bank for Higher of my son during last year, Now I again want an Education Loan for my daughter for Rs.3.00 lacs from the same Bank. Now Bank is asking for additional security By way of guarantee or mortgage of House.Please tell me whether it is necessary to give guarantee or collateral security for taking Education loan for my second child?
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