When I started investing in mutual funds, I read a lot about growth and dividend options. Since then growth option just became a default for me. So, why is it better to stay away from the mutual fund dividend option?........
SIP stands for Systematic Investment Plan, it is an automated method of investing in mutual funds. You select a mutual fund, an amount and a date. On your selected date, the predecided amount is deducted from your account and equivalent units of the selected mutual fund are allocated to you. All this happens without any manual intervention..........
A mutual fund is a fund created from a pool of money collected from a large number of investors. This pool of money is managed by a professional fund manager. The money of this fund is invested in various assets to generate income/capital gains for the investors.........
Index investing is a passive investment strategy. The investor chooses an index like NIFTY or SENSEX. Money is then invested in stocks listed on the index.........
Income tax applies to all Indian bloggers. You calculate all the earning you made from your blog. You subtract all the expenses related to the blog. On the final income, you pay income tax. GST is a little more complex........
Unlike mutual funds, the expense ratio determined by the regulatory authorities for traditional plans is quite high. Added to this a hefty commission given to insurance agents also eats into the premium paid.........
For a family of 4, parents around 30-year-old and children up to 10-year-old, living in a Tier – 2 city, an annual income of more than 45 lakh will bring them in the category of being rich........
I got my first practical experience of an SME loan by sanctioning a MUDRA loan for a retail shop. For this project, I had to analyze how people run their retail shops. I present here the best practices that I came across and some additional factors. I have seen many established retail shops employing these strategies.........
Back in the days when I was working in a bank. One day we were asked to attach a CIBIL report of borrowers in the files of all agricultural loan. That is when I realized the relevance of CIBIL for agricultural loans.........
If you are looking to buy a pure insurance product, LIC is comparable to other insurance companies. If you are looking for endowment, money back, etc (a policy which provides a return on the premium paid, on maturity), the story changes completely.............