HillSara

  “What is Mutual Fund?” This might be your thought whenever you see ads stating that “Mutual Fund Sahi Hai” (meaning mutual fund is right). Is Mutual Fund, actually right? This can be properly understood only when you know all about mutual funds. So, let us understand about Mutual Fund! What are Mutual Funds? A mutual fund is a trust that pools the money collected from many investors who share a similar financial goal. This pool of money is then invested in different financial instruments. The profit generated from these investments is then divided among the investors. Let us understand this with the help of an example! Think of Mutual Fund as a Pizza. You want to have a pizza, but you don’t have enough money. Say, the pizza’s price is Rs.1000 but you have only Rs. 400. Now, you are forced to quit your desire to eat pizza. But think of a situation when you and some of your friends contribute some amount to buy and eat pizza together. Similarly, in Mutual Funds, you and ...

  If you are here then most probably you are the one who is well aware of How Important Saving Money Is? But you are struggling with saving money more effectively.   One thing that needs to be kept in mind that saving money is more of a psychological thing than the matter of the amount of money that you are earning. And if you want to save money more effectively, you must need to know the psychological factors related to that. So how can saving money be done in a more effectively? See I know your need. So without wasting much time let's just dive in and know How effective saving is done?   Having definite goals: I knew a person called Ankit, who is a college student and lives at a college hostel. Every month his parents used to send him a fixed amount of money and by the end of the month, he spends all the money. Again, the next month he receives money from his parents and spends it by the end of the month.   This cycle of receiving and spending money...

  Introduction: Having a bank account is the need of today’s world. But why is it so? It is because of the various advantages that a bank account provides. It includes the safekeeping of the money, giving you the freedom of carrying cash from one place to another, etc. Along with all these different facilities, generally, you will also receive interest on the money that you keep in a bank account. So, what is the method of interest calculation used by the banks? Why knowing the Interest rate is important? Before knowing about the method of interest calculation let us first know what is the interest rate and why it is important? Basically, the interest rate given by the bank is the rate at which your money in the bank grows [generally per annum]. Suppose a bank gives a simple interest of 4% per annum and you had kept Rs.100 for 1 year in the bank then after a year, you will have Rs. 104 in your bank i.e., your money has grown 4% in a year. But, in India RBI regulates the different c...