Mutual funds in India are grouped in many ways. One way is based on how they are managed, active or passive. Active funds try to beat the market. Fund managers pick stocks and time their entry and exit. Whereas, passive mutual funds do the opposite. They simply follow a market index like the Nifty 50 …
Investing is not just about where you put your money. It’s also about how you move it. Systematic Transfer Plans (STPs) help you do just that. It lets you transfer money from one mutual fund to another at regular intervals. This way, you stay invested while managing risk. You can also avoid the hassle of …
Growth funds are one of the most popular choices in mutual fund investing. They are built to help your money grow steadily over time. These funds don’t pay regular income. Instead, they aim to increase the value of your investment in the long run. If you’re saving for future goals like retirement, buying a home …
A cancelled cheque is a cheque that you mark with the word ‘CANCELLED’ so that no one can use it to make a payment. Banks, lenders, employers, insurers and investment platforms may ask for one to verify your bank account details. A cancelled cheque still displays important information such as your account number, IFSC code, MICR code and bank details. This makes …
Digital payments in India are evolving quickly, and UPI Lite is the newest addition. This payment solution takes care of low-value daily payments. It ensures faster processing, minimal bank dependency and better reliability during high traffic hours or in low network zones. UPI Lite is designed for speed, convenience and micro-payments. Whether you’re buying a …
Taxes like income tax, GST, import-export duties, etc., are mandatory in India. When individuals or businesses attempt to avoid paying taxes, they commit tax evasion. If you are not aware of the meaning of tax evasion and its criteria, you can land up in financial trouble. Tax evasion is the illegal act of underreporting income, …
Quick access to funds is crucial during a financial crisis and you can get immediate support from financial institutions. But what if you’re unsure about the exact amount you need? This is where you can rely on a Line of Credit (LOC). A LOC is not like a traditional loan. It gives you access to …
When you invest in a fixed deposit (FD), the interest rate is generally fixed for the chosen tenure. But have you checked how much your deposit effectively earns in a year after accounting for compounding? Annualised yield gives you a clearer picture of your yearly earnings by factoring in the frequency at which interest is compounded. It also helps …
When it comes to investing, mutual funds are a popular choice for both new and experienced investors. They offer portfolio diversification and access to a wide range of asset classes. One such option is offshore funds—mutual funds that provide exposure to international markets. Typically managed outside the investor’s home country, these funds offer access to …
Growing your money through smart investments involves more than just selecting the right funds; it requires careful planning and ongoing management. It’s also about managing risk and one of the simplest and most effective ways to do that is through diversification. Diversification in mutual funds involves investing money across stocks, bonds and various sectors so …
