Many people are fond of gold, especially women, who like jewelry not only as an investment but also for its aesthetic value. In 2004, 10 grams of 24-carat gold was Rs. 4,110. By 2024, it had reached Rs. 75,000; experts estimate it may soon reach Rs. 1 lakh. The demand for gold has increased, making … Read more
Investors can choose between a Systematic Investment Plan (SIP) and a lump sum investment regarding mutual funds. Before you invest in mutual funds, it’s crucial to grasp the nuances between a Systematic Investment Plan (SIP) and a lump sum investment. Your financial goals and capacity should guide you in this decision-making process. SIP, or Systematic … Read more
The central government has introduced various schemes for the people of the country. One of these schemes offers significant returns on investment in gold online, similar to the Sovereign Gold Bond Scheme. Through this scheme, individuals can buy gold online at a lower price and earn interest. This is considered a better option than physically … Read more
There are as many formulas for saving and investing as for solving math problems. How do you make money using these? How do you control costs? How do you hide income? How do you create more money with that saved money? Now, let’s find out. 1, 2, 3, START 1, 2, 3 is said before … Read more
Equity Linked Savings Scheme (ELSS) funds are becoming increasingly popular in the Indian equity market. These funds offer a unique combination of potential returns and tax savings, making them an attractive investment option for many individuals. What are ELSS Funds? ELSS funds are mutual funds that invest primarily in equity (stocks) and offer tax benefits … Read more
How many types of SIPs are there? A systematic Investment Plan (SIP) is a gradual investment strategy for investing small amounts and building long-term wealth. However, many people start saving without knowing the different types of SIPs and invest without clear goals. Before starting an SIP, it is essential to consider various factors and choose … Read more
Intraday trading is a thrilling form of stock trading that involves buying and selling stocks within the same day, as opposed to traditional investing, which involves holding stocks for a longer period of time. Unlike regular investments, which involve holding onto shares for days or even longer, intraday trading involves selling shares on the same … Read more
Many financial experts say that saving alone is not enough to create wealth; you must invest. Although saving and investment are often considered the same, they differ. On this page, we will explore the differences between them. Is saving or investing better for creating wealth? This story will help answer this question. Saving and investing … Read more
Investments are essential for financial planning. They are necessary to meet increasing costs and achieve desired goals. We will discuss achieving financial goals through a monthly investment of Rs.10,000. Embracing the power of saving and investing is a key step towards financial stability. By starting early, you can take proactive steps to reach your financial … Read more
Investors have increasingly shown interest in investing through a Systematic Investment Plan (SIP). SIP allows people to invest a small monthly amount to generate long-term returns. However, mutual funds offer a Systematic Withdrawal Plan (SWP) alongside SIP. Let’s understand SWP. While SIP involves regular monthly investments, leading to a substantial amount over the years, SWP … Read more