Portfolio diversification across different financial products helps mitigate investment risks. You may invest in different asset classes, such as debt, equity, gold, real estate, and others. Furthermore, you may pick from different products within the various asset classes. If you invest in equities, choosing shares of different companies with varying
What do you think about when you hear the word “investing”? Stocks? SIPs? Equity mutual funds? All of us flock to these instruments with visions of supplementary income, building a retirement plan, or even achieving financial independence (a.k.a “seeing the world” or “opening my own microbrewery”). However – these
Hypothesis: Money buys us things. Corollary: Money buys us the privilege to chase things other than money. If you’ve watched the Netflix show Maniac, chances are that you’ll read that in Justin Theroux’s low toned voice. No, Justin Theroux didn’t talk about money and its role
Technological advancement has modified the banking industry and transformed the communication between banks and their customers. Retail banking is changing by the day and traditional banks are facing competition from digital banks that offer access via an Internet-connected smartphone or any other device. Digitization allows you to access banking products
Finance is an important aspect of your life and managing it is not a simple task. For efficient financial management, you need to consider multiple aspects like budgeting, saving, investing, and determining future goals. Here is a handy guide to help you learn more about managing your finances to maximize
Tax deducted at source (TDS) aims to collect tax from the income source. The collector who has to make a specified payment must deduct TDS and remit this amount to the Central Government’s account. The deductee (from whose payment the TDS is deducted) receives credit for the same amount
The Aadhaar card is a unique 12-digit identification number for individuals. It is an important proof of identity and address. It comprises details like your name, address, date of birth, gender, and phone number. The card is also required if you want to qualify for certain government benefits and subsidies.
Unified Payments Interface (UPI) is gaining popularity due to the convenience it offers. It allows quick and hassle-free money transfers without requiring bank account numbers. This payment method allows you to use your smartphone as a virtual debit card to send and receive instant funds. The use of Quick Response
As more women become financially independent, they are trying to figure out where to put their hard-earned money in to get maximum benefits. Financial independence is the first step towards achieving the ultimate goal – financial freedom. Although women may earn a huge amount, often, they are stuck due to lack
With technological development, you no longer need to visit the bank to transfer money from one account to another. Using online platforms, you may now easily execute all your banking transactions via the internet or mobile banking. Although there were some concerns about the safety of digital transfers, the convenience
The Unique Identification Authority of India (UIDAI) has launched a mobile application called mAadhaar in July 2017 and it is currently available for Android as well as iOS users. It offers Aadhaar cardholders an interface that allows them to carry their demographic data on their smart devices. This makes it
India has a diversified culture with close-knit families and a lot of celebrations with different customs. Moreover, exchanging gifts is a part of the tradition and is a symbol of affection and love. Sometimes, people may also use gifts to evade or avoid tax or as a tax-planning tool. Although