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………
What is Index Investing and Index Funds?
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………
Which Taxes Indian Bloggers Have to Pay?
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……..
A Detailed Review of Traditional Life Insurance Plans
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………
How Much Money Do I Need in India to be Rich?
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……..
How to grow my retail shop business?
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………
How does CIBIL matter for agriculture loans?
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………
Is LIC of India Policy Still a Good Option?
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………….