Albert Einstein said, ‘Compound interest is the eighth wonder of the world. He who understands it, earns it, he who doesn't, pays it.’ So, the compounding effect on a regular investment of a small amount over the long term can help you to accumulate a large corpus. Often, many individuals
The government offers several ways to legally reduce your liability and save taxes. There are various tax-saving avenues where you may invest your money to reduce your tax liability. You have two options to save taxes; the first is tax deduction and the second is tax exemption. In this article,
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
If you are looking for ways to grow your money, you may consider putting it in mutual funds. Wondering what are mutual funds? We have got you covered. This type of investment is made by Asset Management Companies (AMCs). They collect money from institutional and individual investors and put it
Investing is the best way to effectively grow a fortune over time. Many people struggle to determine where to put their money as all plans come with different rules and regulations. Presently, two popular financial instruments are unit-linked insurance plans (ULIPs) and mutual funds. This article explains the differences between
Experts have been saying for years that young professionals must consider investing money as early as possible to generate high returns in the long term while minimizing risks. But one of the most prominent challenges of investment for beginners is deciding where to put their hard-earned money in. Mutual funds
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