Flat vs. Reducing balance interest rate.
Flat vs Reducing balance interest rate: Many times specifically when you are taking personal loan, the financial institution offers flat interest rate instead of reducing ...
Continue Reading →Compound interest on equity mutual fund is calculated daily or monthly?
Neither. Actually there is nothing like compound interest MFs will pay. It is an approximation we do to compare return (technically ‘growth’) of mutual fund ...
Continue Reading →Is Fixed Deposit a good investment?
Interest rate can be classified as Nominal interest rate and Real interest rate. Nominal is what we see in Bank and Real interest is inflation ...
Continue Reading →Buying physical Gold: Is it a good investment?
Actually we are paying around 18 to 20% extra as wastage, making charges or value adding cost. That means for every 100 rupee we pay ...
Continue Reading →Buying car with own money vs. Loan
Your decision should depend on 2 factors. What are you planning to do with the money at hand. Can you earn more than the car ...
Continue Reading →What is currency?
What is currency? It is just a piece of paper guaranteed its value by somebody who has credibility (like Central bank or RBI). Now, we ...
Continue Reading →What factors determine amount of currency in a country?
The RBI factors in inflation, GDP growth, replacement of soiled banknotes and reserve stock requirements, before deciding on how many notes are required. The currency ...
Continue Reading →Can I withdraw all my money from ELSS after 3 years of starting SIP?
The SIP amount I invest in April 2017 (say Rs.5000 or 100 units if NAV is 50). I can redeem these units (along with their ...
Continue Reading →Opening savings account in post office vs. Bank
The minimum balance requirement in banks is based on MAB(Monthly average balance). That means if your account has 50K for 6 days and then remaining ...
Continue Reading →Advantages of mutual funds over investing in direct equity shares
Below are the advantages of MF over direct investment in Equity. First advantage is diversification with comparatively very less money. For example even with just ...
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