An exchange-traded fund is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold throughout the day on stock exchanges while mutual funds are bought and sold based…
Trading should only be done with risk capital (money that, if lost, doesn’t hurt your lifestyle). Don’t forget the advice from the immortal Will Rogers: “Don’t gamble. Take all your savings and buy some good stock and hold it till it goes up; then sell it. If it don’t…
Planning for retirement starts with thinking about your retirement goals and how long you have to meet them. Then you need to look at the types of retirement accounts that can help you raise the money to fund your future. As you save that money, you have to invest…
Non-Banking Financial Companies (NBFC) are establishments that provide financial services and banking facilities without meeting the legal definition of a Bank. They are covered under the Banking regulations laid down by the Reserve Bank of India and provide banking services like loans, credit facilities, TFCs, retirement planning, investing and…
The art of budgeting, money management skills, planned investments are some steps that take us closer to our objective. However, loans or debt can prove to be speed breakers that reduce the speed and break the momentum. These are borrowed money which has to be repaid with interest and…
COVID-19 and the subsequent lockdown have impacted many around the world. India is no different as people here have also been suffering from the deadly pandemic. To give respite to all those affected by the COVID-19 pandemic and in need of emergency funds, SBI (State Bank of India) has…
It will be interesting to note that the Annual Report of Department of MSMEs revel that there are a total of 6.34 crore MSMEs in India and about 51% of them are functional in rural India. It will be worth recounting that MSMEs provide employment to about 55 per…
If you are an entrepreneur, especially someone who runs an MSME unit, then you would very well know the value of new and updated machinery. They enhance the quality and volume of the production which leads to greater sale and greater profit. However, there can be no doubting the…
Simply put credit score is one of the vital elements that establish the borrower’s eligibility for credit. It is almost impossible to avail loan with a poor credit score. On the contrary, a high credit score will not only open the door for loans but will also fetch you…
It would be interesting to note that mobile lending apps in India that give small-ticket loans for a shorter duration are lapped up by salaried people, college-goers, the informal workforce, and those who do not fall in the income bracket for banks to serve them. These unsecured loan apps…
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