What are MIPs? Monthly income plans are debt-oriented and fall within the hybrid mutual fund category. MIP is a moderate-risk scheme because the majority of the portfolio is invested in debt and money market instruments. Investors have the benefit of liquidity while receiving monthly dividend payments. However, as the name implies, MIPs do not provide … Read More “Monthly Income Plans (MIP)” »
Author: Avantika Ginodia
What is an IPO? An initial public offering (IPO) is the process of selling shares of a private firm to the general public in the form of a new stock issuance. An IPO allows a company to raise funds from the general public. Since the transition from a private to a public firm often includes … Read More “How to Apply for an IPO” »
What is HUF? The Joint Hindu Family Business (JHFB) or Hindu Undivided Family (HUF) is a type of business organisation that can only be found in India. This is not a legal business entity anywhere else worldwide. The Hindu Undivided Family (HUF) or Joint Hindu Family Corporate (JHF) is a one-of-a-kind form of business entity. … Read More “Hindu Undivided Family (HUF)” »
What is an Annuity? An annuity is a contract between you and an insurance company in which you make a lump-sum payment or series of payments in exchange for recurring disbursements that begin either immediately or later. How do they work? The individual begins by investing a lump sum in an annuity plan. The individual … Read More “Everything you need to know about Annuity” »
What is ClearTax? ClearTax offers a complete taxation solution and a free trial, as well as expert support and freelancers to help businesses save money and time. Modules for income tax return e-filing, GST, GST compliance software, and other services are included. ClearTax is a prominent invoicing and billing software that allows you to make … Read More “ClearTax vs Quicko” »
Insurance is a contract, represented by a policy, under which an individual or a person receives financial security from an insurance company in the event of a loss. The insurance company pools the risks of its clients to make payments more affordable and convenient for the insured. Insurance policies are used to protect against the … Read More “Top 4 Insurance Policies to consider in 2022” »
Some people claim that their twenties were the best years of their lives. Whatever type of experience you have, our twenties are unquestionably a time of change, transition, and challenges. It’s been a decade filled with questions and quests as we try to figure out who we want to be and look for the person … Read More “Top 5 Personal Finance books to read in your 20s” »
Do you want to travel the world but don’t have a large enough budget? Today, it is easier than ever to travel the world on the cheap — or even for free. Below are mentioned few pointers on how you can really discover the world for free! Some of these options provide free lodging, while … Read More “The Ultimate guide on how to travel for free” »
What is a PPF Account? PPF account, also known as the Public Provident Fund scheme, is one of the most popular long-term saving-cumulative-investment products, owing to its combination of safety, returns, and tax advantages. The PPF was introduced to the public in 1968 by the Finance Ministry’s National Savings Institute. Since then, it has emerged … Read More “Public Provident Fund vs Sukanya Samriddhi Yojana” »
What is Asset allocation? Asset allocation is a strategy for accumulating wealth that investors require to meet their needs and aspirations. It seeks to manage risk through diversification, and its effectiveness is determined primarily by your time horizons and risk tolerance. In contrast to strategies that focus on the performance of individual assets, asset allocation … Read More “Portfolio Allocation to consider in your 20s considering various asset classes” »