As an Indian investor, you have numerous options to save on income tax while growing your wealth. Equity Linked Savings Schemes (ELSS) are a popular choice among these. ELSS mutual funds combine the benefits of equity investments with tax-saving advantages, making them an attractive option for savvy investors. What is […]
Category: Finance
Understanding the role of ratings in mutual fund selection
Mutual funds pool funds from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities, managed by professional fund managers. Their potential to offer steady returns while spreading risk makes them a compelling option for retail investors. Besides this, other factors for mutual funds in India […]
What to know about adding someone to your bank account
As you go through different phases of life, it is common to find yourself in situations where you need to share your finances with others. Maybe with your life partner, a small business partner, or a family member. Adding someone to your account is a sensitive decision and involves trust […]
What are payday loans? Definition and examples
payday loans are small loans in which the borrower agrees to pay back when they have received a paycheck. Lenders charge very high interest rates. Although these loans are tied to the borrower’s salary, they are unsecured loans. An unsecured loan is a loan without collateral (collateral) or without a […]
What is a debit card? Definition and examples
Debit cards are plastic cards that we use to pay instead of cash when making purchases. It is also known as a bank card or credit card. It’s not like a credit card. Credit cards lend you money when you buy things, while debit cards debit your bank account. hence […]
What is a financial adviser? Definition and examples
A financial advisor is someone who gives people advice on how to manage their finances. Advisors have expert knowledge in investing, lending, saving and money management. Spelling: `adviser` and `advisor` are both correct. In the United States, the term “advisor” is more common than in other English-speaking countries. Even so, […]
Mutual Funds: Mistakes You Should Not Make
When talking about investing mutual fund schemes, there are several asset management companies that are playing in the market. Whether BSE, NSE India or more; you have to be sceptical about your choices. As an investor, it becomes quite confusing to select one company as many people do not have […]
Chartered accountant definition and examples
A chartered accountant is the maximum exceedingly qualified accountancy expert in many nations throughout the world. The time period refers to expert accountants whose qualifications deliver them the authority to perform unique sports withinside the accountancy spectrum. In those nations, different accountants who aren’t chartered can’t perform the ones sports […]
personal finance definition and examples
The time period personal finance is all approximately how we, as people or households and now no longer companies or organizations, control our cash, shop, and make investments. It is the financial management everybody plays to spend, budget, shop, and plan for retirement and different the destiny activities. Personal finance […]
What makes Fixed Deposits so popular?
Investments play a crucial role in securing our future. They let us achieve our monetary objectives on time. They are also helpful during financial emergencies. Owing to such benefits, banks provide customers with specific investment facilities readily. Of them, a popular one is a Fixed Deposit. It is a Term […]