Advantages & Applications of Exchange Traded Funds(ETFs): What are ETFs? Exchange Traded Funds(ETFs) are listed and traded on exchange much like stocks. ETFs tracks an index, a commodity, a bond or a basket of securities. ETFs are traded closer to its NAV throughout the day, which is calculated on a real time basis. Here is
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Importance of Financial Planning for Single Woman: Radha is a busy professional who would turn 30 in a few months. She works as an Assistant Professor at a leading university in Bangalore. She has just finished her doctorate and lives with her father who is financially self-reliant. Her career is very demanding which requires her
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Loan Facility & Withdrawal Rules for Public Provident Fund(PPF): Public Provident Fund(PPF) is a scheme created to build a retirement corpus for an individual. It is always prudent not to break up your corpus in between, as it helps you to secure your future. However, if in case of any exigency or financial crisis, PPF scheme
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PPF(Public Provident Fund): A Complete Guide Public Provident Fund Scheme i.e. PPF came into inception in 1968, introduced by Ministry of Finance. It was initially launched to provide retirement safety to the self-employed people and the people working in the unorganised sector. However, as the time progressed, PPF has become the favorite choice for many
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Income Tax Deductions 2023-24 under various Sections for tax planning: Benjamin Franklin once rightly opined “In this world nothing can said to be certain, except death and taxes”. All of us go through the same dilemma of finding out which is the most appropriate method of reducing our income tax liability. Most of us don’t
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Form 16 Form 16 is issued by the employers to the employees after deducting the TDS from their salary. Every employer must issue Form 16, if TDS has been deducted from the employee’s salary as per the law under the IT Act, 1961. Form 16 is a certificate of proof under section 203 of the
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Saving is an essential part of one’s life. In simple words, saving is the income that you have not spent. Your saving helps you to accumulate corpus, further resulting in a stress-free life regarding your financials.You can save the money in many ways such as; simply putting it in a piggy bank, opening a deposit
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ULIP vs Mutual Funds: Which is a better investment? A common question on every investors mind is – ULIP vs Mutual Funds – Which is the right choice for me? Let us The Unit Linked Insurance Plan i.e. ULIP was introduced by the insurance industry in India many years back when the equity market was
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Effect of Compounding on your investments: Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Magic of Compounding- The word magic may take you down the realms of fantasy. So wondering what magic has
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Overview on Inflation and Inflation Adjusted Return: What is inflation? A commonly heard and used term of late, inflation is a malice that is plaguing economies across the world. Inflation is marked by spiraling prices resulting in shortfall of money to meet needs. Thus, money in hand would not be able to meet the purchasing
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