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Aditya Birla Sun Life Mutual Fund established in the year 1994, is co-sponsored by Sun Life AMC Investments Inc. and Aditya Birla Capital Limited (ABCL). The investment manager of ABSL MF (Erstwhile Birla Sun Life Mutual Fund) is Aditya Birla Sun Life Asset Management Company (Erstwhile Birla Sun Life Asset Management Company Limited) which is a joint venture between Sun Life Financial Inc. of Canada and Aditya Birla Group. Aditya Birla Sun Life MF believes in reaching every household and encouraging people to invest their money; it is the result of this belief that it has reached a network of 150 branches along with other distribution channels.

Currently, it has a number of schemes under different categories which include Equity Funds, Debt Funds, Hybrid Funds, etc. In the following article, you will get to read about different schemes launched by ABSL under Hybrid Funds. Hybrid Funds are basically those schemes that invest in a mixture of stocks that includes equity, equity related instruments, debt and money market instruments. Following are its hybrid schemes:

Aditya Birla Sun Life Equity Hybrid’95 Fund (G)- Aggressive Hybrid

This is an aggressive hybrid scheme which means that it predominantly invests in equity and equity related instruments to generate long-term capital appreciation. It also aims to provide income and dividend distribution through investment in debt and money market instruments. This open-ended scheme was launched on February 09th, 1995 and is currently managed by Mr. Mahesh Patil, Mr. Pranay Sinha and Mr. Dhaval Shah. If you wish to invest in this scheme, then you may do so with minimum amount of Rs. 1000. In case you switch out the units withing one year of investment, then you will have to incur 1% as exit load. Formerly known as Aditya Birla Sun Life Balanced’95 Fund, its net asset value as on July 31st, 2018 was Rs. 762.49.

Aditya Birla Sun Life Balanced Advantage Fund (G)- Balanced Advantage

Launched on April 24th, 2000, this scheme by Aditya Birla MF invests in a portfolio consisting of dynamically balanced mixture of stocks which are selected keeping in mind the volatility associated with them. The minimum investment amount with which you may invest in this scheme is Rs. 1000. This scheme is currently managed by Mr. Vineet Maloo and Mr. Mohit Sharma. This is an open-ended scheme that provides balanced advantage in the form of capital growth and adjusted risk. In case you redeem the units within one year of investment, you will have to pay 1% as exit load. The net asset value of this scheme is Rs. 51.01 as on July 31st, 2018 and the assets under management are Rs. 3245 crores as on June 30th, 2018.

Aditya Birla Sun Life Regular Savings Fund (G)- Conservative Hybrid

Launched on May 21st, 2004, this scheme invests predominantly in debt and money market instruments with investment duration being medium to long-term. It also invests some portion of the total assets in equity and equity related instruments. This open-ended scheme is jointly managed by three fund managers who are Mr. Pranay Sinha, Mr. Satyabrata Mohanty, and Mr. Vineet Maloo. The minimum investment amount in this scheme is Rs. 1000. You will become liable to pay 1% as exit load, in case you redeem within one year of investment. Formerly known Aditya Birla Sun Life MIP II Wealth 25 Fund, the net asset value of this scheme is Rs. 38.9562 as on July 31st, 2018 which has increased by 0.11%.

To enjoy the returns of an investment made in a mixture of stocks, you may invest in the above hybrid schemes by Aditya Birla Sun Life Mutual Fund. If you need any help regarding the investment, consult the financial advisor.

Cloud for data storage was just a mere concept in the past several decades. To increase the excitement of the technology enthusiasts, it has moved on from being just an idea and is finally a reality. Since the advent of cloud, it has been put to an array of uses, ranging from personal to business. However, in the initial stages, cloud was only an option for the larger firms. Companies having a greater workforce, dealing with huge turnovers and a large database were the ones exploiting the cloud the most.

Coming down to the current picture, cloud technology is no longer limited to the bigger firms. Small and medium sized businesses are also shifting to the cloud at a rapid scale. One out of many reasons for businesses to move to the cloud is QuickBooks.

QuickBooks is accounting software that offers a myriad of tools and services for businesses particularly small and medium sized businesses.

What is the need to backup QuickBooks?

The need for backup arises because accidents and disasters come unannounced. There can always be unwanted incidents such as earthquakes, fire breakouts, floods or theft affecting the company office that may end up destroying the computers and CPUs. With every accident, the firms may face a loss of hundreds of thousands of dollars. Multiple backups are thus the only solution for the companies to prevent complete loss of their critical data.

How Backup Happened Before?

When using the traditional desktop version of QuickBooks, firms needed to backup their data on several devices such as CDs, USB drives and local servers. This came with its own set of risks and threats since data theft is significantly easier when stored on physical devices.

The modern solution to data loss is making a shift to QuickBooks cloud.

What is QuickBooks Cloud?

QuickBooks Cloud is the hosted version of the traditional QuickBooks software. While it offers all the tools and features of the traditional software, QuickBooks Cloud also comes with several benefits as follows:

Cost Effectiveness
Universal Accessibility
24*7 Technical Support
Up-to-Date software
How Will QuickBooks Cloud Keep Your Data Safe?

QuickBooks Cloud is the safest choice for QuickBooks backup. With features like multiple previous file versioning and unlimited off-site storage, QuickBooks Cloud helps to safeguard the company’s data against traditional threats such as data theft and destruction.

QuickBooks cloud relies on two pillars of data security, i.e.

Backup
Recovery
Benefits of Backup and Recovery

Backup simply means to keep a copy of a particular file or document in case the original data gets lost or destroyed. Whereas Recovery helps to regain access to a data that was previously lost or stolen. With QuickBooks Cloud, a rigorous backup and recovery plan is put into practice. The aim behind it is to ensure a successful but less stressful run for the client’s business.

Security: QuickBooks Cloud offers a safe and secure platform for your tax and accounting needs. The multiple backups and recovery options leave the users assured about the safety of their most valuable company data.
Quick Recovery: Following the integration of traditional QuickBooks software with the advanced level of cloud hosting services, data recovery has become less of a hassle. The power of QuickBooks software has increased on multiple levels and more entrepreneurs have moved to the cloud.
Affordability: With no significant requirements of physical infrastructure and heavy machinery, data backup and recovery with QuickBooks cloud is affordable by a large section of entrepreneurs.
Scalability: The traditional backup options were not as scalable as compared to the QuickBooks Cloud Hosting. It allows the users to expand or contract their storage needs, depending upon the company’s requirements.
Conclusion

To lend a tailored growth to the business, protected from every possible threat, entrepreneurs must think about moving to the hosted version of QuickBooks Desktop software. A backup and recovery strategy must be constructed by every firm to prevent any attacks on data. And in case an attack happens, firms must know how to quickly take a suitable action for the same.

While you are trying to invest on a residence in this area, you will get easily accessible loan- USDA loan. However, you have to know the details of USDA Loan Requirements.

Credit score requirements for USDA home loan-

All the applicants or the potential borrowers have to know the USDA Loan Requirements, related to their credit. They should show a proof of the stable income on every month and the present credit details. This credit report reveals your willingness and ability for paying back this loan. However, for this loan type, no minimal level of credit score has been specified. Usually, the applicants, with more than 640 as the credit score, have a chance of getting the loan. Simultaneously, it is also true that applicants, with credit score lower than 640, have still a chance of becoming eligible. They have to go through an underwriting process, done manually.

In this respect, the lenders try to assess not only the score but also the repayment format, credit usage and credit history length. You may not have any credit card to show to your lender. In that case, the lenders rely on the other sources, like insurance and utility bill payment or rent payout. You know that USDA has set up its own guidelines on the loan. However, the lenders also have created some rules, important to the debtors.

Income-related requirements to get the loan approval-

USDA has stated that every applicant must have consistent and verifiable income. Remember that the unverified ones have no value to the lenders. In most cases, the lenders try to have a view at the record of how you had earned in the past 2 years. They will also ask you to give information on your tax returns. Thus, the income and employment scenario is variable for every person. The policies also differ from each other, depending on which lender you have chosen.

Loan conditions on your property choice-

The major purpose behind providing USDA loan is to offer a safe residence to those, having moderate to low range income. After getting USDA loan approval, you will be able to refinance your house, build a new house or purchase it. You have to know everything about the property-related requirements as one of the borrowers.
You must use the house as your main residence
There must be adjacent driveway and street
The chosen property should have waste disposal facility and lots of other utilities

You must not take USDA Rural Housing Loan for buying any income-generating house.
Rules on the property location-

When you have chosen USDA Rural Housing Loan, you have to know the definition of the term- rural. The term covers lots of suburbs or small towns of the larger regions. USDA states that rural regions mean open country. It must not be an area in the urban region. In addition to it, the number of population should be within 35,000.

You may better speak to the reliable USDA loan providers, and know whether you are really eligible to get the loan. Then, you can take step to apply for the desired USDA Rural Housing Loan.