Indians predominantly use gold and diamond jewelry, considering them valuable assets. Emeralds and diamonds are also seen as investment instruments. In this comparison between gold and diamonds, let’s explore which is a better investment option and why the risk is lower. Gold, a symbol of wealth since ancient times, has been a part of India’s … Read more
When considering long-term financial stability, comfort, and freedom, one may wonder whether renting a house is better than owning one. Food, shelter, and clothing are essential for every person, and while food and clothing are usually accessible, the choice of where to live varies. Some prefer to rent a house, while others strive to buy … Read more
Recently, the number of people investing in mutual funds has increased tremendously, while bank fixed deposits remain popular. Banks offer attractive interest rates, which attract large amounts of money to fixed deposits, which offer a fixed interest rate for a predetermined period. The decision of which scheme to choose for investment can be difficult for … Read more
Are you looking to save a portion of your income every month? Consider opening a recurring deposit account, which can be set up at a post office or bank. With this account, you’ll earn monthly interest on your savings and can deposit as much as you like. Many people, especially those in the middle class, … Read more
Everyone has different financial goals in life. Some prioritize guaranteed returns with safe investments, while others are willing to take on more risk for higher potential profits. Recurring Deposits (RD) and Systematic Investment Plans (SIP) are good choices for those seeking safe investment options. Both require a fixed amount to be invested at regular intervals, … Read more
If you’re considering investing in gold, purchasing gold jewelry might be the first thing that comes to mind. However, there are alternative options for investing in gold, such as digital gold. Let’s explore the differences between digital gold and physical gold. The price of gold is steadily increasing, and experts predict it will soon reach … Read more
Many investors seek high-return investment opportunities, even with a degree of risk. Mutual funds are popular, and there are two main types: regular and direct. However, experienced investors recommend against investing in regular mutual funds. Why not, and what are the alternatives? Let’s explore. Regular mutual funds are bought through an intermediary such as a … Read more
Understanding gross pay, which is an employee’s total earnings before any deductions, such as taxes and contributions to retirement funds, is crucial. It includes the basic salary, gratuity, house rent allowance, and other allowances, and knowing this can empower you to manage your finances better. Calculating the gross pay for a monthly salaried employee is … Read more
Parents are often careful when it comes to investing in their children’s future. With various schemes available in the market, it can be confusing to decide where to invest. The recent NPS Vatsalya Scheme, launched by the central government, is aimed at securing the future of children. Additionally, mutual funds have long been considered a … Read more
Many of us may need money in an emergency, which could arise multiple times. If we can’t turn to relatives or friends for help, we may consider taking a personal loan from a credit card company or a bank. Most banks offer loans, and credit card companies provide similar services. Many people receive loan offers … Read more