What is inflation to us and how it impacts your salary hike. Let us take an simple milk price example. In 2009, you kept 20 rupees in the small pouch of your shopping bag to buy one liter milk. You did not buy a milk and forgot to take out the 20 rupees in that small pouch. In 2019, you ...
India has 17.5% of the world’s population but nearly 76% of its adult population does not understand even the basic financial concepts. Why financial concepts are important to know? Understanding financial concepts is important in building wealth and manage the money. Financial literacy and financial stability are two key aspects of an efficient economy. Financial literacy enhances individuals’ ability to ...
Mutual funds is Money pooled from various individuals (investors) Well-regulated (by SEBI) Invest in multiple portfolio by single fund Experience & Professionally Managed Higher returns than Fixed deposit, insurance and PPF Allows to invest in small amounts. Can be started with 500 rupees monthly. Equity Mutual Funds: Equity mutual funds are Mutual Funds that Invest primarily in Stocks of Companies. ...
No savings yet.. Mutual funds investment is best and right for you now. Mutual funds provide option to start monthly investment by SIP. Investor can invest 100 rupees per month in mutual funds. Reliance introduces mutual funds with monthly 100 rupees.”This move is aimed at helping more and more people access the benefits of mutual funds while reducing the entry ...