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Personal finance is an essential aspect of our lives, and making informed financial decisions is crucial for achieving our long-term financial goals. In India, where a rapidly evolving financial landscape is combined with diverse economic conditions, the role of behavioral economics in personal finance cannot be overstated. Behavioral economics is a field that studies the …
In August 2022, Rs 12,693 crore entered mutual funds (MF) through systematic investment plans (SIP), the largest monthly SIP inflow in MF history. Obviously, over time, many investors have recognized the benefits of ladder investing. But there is another way to systematically invest. Although the returns are modest, the risk is much lower than with …
A mutual fund is a series of funds that have been raised by several investors who invest in assets such as stocks and bonds. Mutual funds are handled by asset management companies (AMC). Each AMC generally has several mutual funds. The total size of the mutual fund industry in India exceeded Rs 23 billion in …
A certain sum of amount which the borrower deposits initially, to either the bank or a non-banking finance company from whom they are trying to obtain a home loan is called as the Margin money. Lenders treat the contribution of The margin money for a home loan from a borrower is accepted as a sign …
A mutual fund stocks up money from different investors and invests in a group of assets known as securities such as stocks and bonds. There are professionals who manage the holdings which make up the fund’s portfolio. Investors buy shares based on the performance of the fund’s underlying securities. Mutual fund investors own shares in …
“Too many people spend money they have not earned, to buy things they do not want, to impress people they do not like “– Will Smith. Every phase of life comes with different sets of financial challenges and opportunities. The twenties, is most carefree time of your life where financial planning is never in the …
Any profit or gain that emerges from the sale of a ‘capital asset’ which can be either property or any investment, is called as capital gain. This gain or profit falls under the category of income, so you will have to pay tax for that amount in the year in which the transfer of the …
Generally, Home loan is offered for long tenure and a larger amount. It is a huge financial burden for the borrower and if it is not planned appropriately, it will lead to great financial burden and debt. Repayment plan of the home loan can lead to financial benefits to the borrower by reducing the interest …