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 […]