Saving money is important, regardless of your income or lifestyle. Having sufficient funds in a savings account is not only important for day-to-day expenses but also for emergencies. However, just keeping money in your account may not be enough to maximise its value. While savings accounts do earn interest, the returns are usually modest in […]
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Saving and investing wisely is the key to creating wealth and achieving financial independence. By following a well-crafted financial plan, you can establish a clear purpose for your financial journey. The crucial element of a successful plan lies in aligning your goals with your investment strategies. When your goals, such as purchasing a home, funding […]
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Investing in mutual funds can be rewarding for growing your wealth over the long term. While many investors are familiar with domestic funds, exploring opportunities in emerging markets can provide an additional avenue for diversification and potentially higher returns. What are emerging market funds? Emerging market funds are mutual funds that primarily invest in the […]
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When you invest your money in savings accounts, mutual fund investment plans or stocks, it earns interest over time. Now, here is the interesting part. The interest earned on your invested money is compounded and added to your initial investment. So, as the years go by, you earn interest on both your initial investment and […]
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Diversification is vital for your portfolio. You can manage your risk better and earn steady gains by investing in various asset classes and investment tools. You can also derive tax benefits by investing in certain assets, thereby saving money. This article covers Exchange-Traded Funds (ETFs) and how they are taxed in India. What is an […]
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Life is intimidating and crisis comes uninvited. Rich has insurance of all kinds but the poor and middle class have their insecurities. Many times we need instant cash. It can be for a wedding, any medical emergency, to pay debts, or just to buy a gift for our loved ones. Fortunately, in such cases of […]
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