A mutual fund is a type of investment vehicle that pools money from multiple investors to invest in a diversified portfolio of assets such as stocks, bonds, money market instruments, or other securities.
Daily compounding means that interest is added to the principal amount every day, which means you earn interest on both the original amount and on previously earned interest each day. Scroll down to check the step-by-step guide on using a daily compound interest calculator for wealth building.
A top-up home loan is ideal for those who need extra funds beyond their existing home loan, as it is more cost-effective and convenient. Here's why it is a smart choice for borrowers.
While fixed deposits from commercial banks are a common choice for conservative investors, highly rated NBFCs present a compelling alternative for those seeking competitive rates without significantly compromising on security.
An instant personal loan is a type of unsecured loan that can be applied for online, without the need for visiting a bank branch. This type of loan usually involves an instant application process, with funds being transferred to your account quickly.
PPF vs VPF: Partial withdrawal in PPF can be done after 7 years, while partial withdrawal in VPF can be done in the 5th year.
The LIC's move comes after a proposal to introduce composite insurance companies, allowing life insurers to offer hospitalisation and indemnity coverage, pending an amendment to the Insurance Act.
Lenders charge a lower rate from borrowers with a high credit score and a higher interest rate from those with a low credit score.
Building wealth through investments is a challenging yet rewarding goal. Stealth wealth, characterized by maintaining financial privacy, is gaining popularity.
These rules related to personal finance will change from 1st October
The survey said that 64 per cent of conversations on financial matters for people aged 35+, dwell on monthly budgeting and expenses, whereas new investments and big purchases account for 60 per cent and 54 per cent, respectively.
Before making a decision, investors must consider all aspects such as budget, connectivity, rent, maintenance, operating costs, tenant availability, and market conditions.
Most people don't manage their budgets well, which is why they spend a lot of money on unnecessary things, especially during difficult times like the COVID-19 pandemic.
While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season.
Like most of our everyday stress, even the stress related to money management can be effectively dealt with. There are healthy strategies available that can help in managing finances as well as wellbeing.
Many analysts believe that one should re-look at their investment portfolio once in a year or even twice or thrice depending upon the motive of investment which can be short term, medium term, or long term. We will guide you to whether one should re-look at their investment portfolio or book profits or should hold their investments.
there is a difference in just meeting our expenses and managing money well. Managing money well today helps you secure better financial stability in the future. You don't need to be a financial advisor to do some simple things that can save you in time of crisis and prepare for your future. Youth normally avoid talking about money. Some times just the talk makes them look the other way. It is natural when you are young.
Sukanya Samriddhi Yojana (SSY) is the best tax saving option to secure your daughter's future. Parents can even save money for marriages of their two daughters with the help of this scheme. The scheme was started by PM Narendra Modi in the year 2015
Union Budget 2020: Finance Minister Nirmala Sitharaman has quite a task ahead of her as she prepares to present Union Budget 2020 in the Lok Sabha on Saturday (February 1). The economy is not in the best of shapes. International Monetary Fund (IMF) has already slashed India's growth forecast from 6.1 per cent to 4.8 per cent. Prices of goods are high and the common man is looking at Budget 2020 just as he is at his own pocket.
Saving is important in every age of our life. Whether you are at your 20s, 30s, 40s or 60s, we all think for a better future and a wealthy life. But, to start investing in your 30s is a bit difficult than your 20s. Here are some essential money-saving tips that you must pay attention to for a financially secure future.
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