An SBI PPF account can be opened across any of its branches across the nation. The return on a PPF account is fully exempt from taxes under Section 80C of the Income Tax Act. Deposits need to be made for...

Financial security is a concern for the old and aging. Generally, they lock away funds in FDs or some other safer forms of investment. Though these schemes are safe, they do not generate a lot of return. The Senior Citizen...

Tools You May Also Like to Use Income Tax Calculator HRA Calculator What is a Rent Receipt? A rent receipt is a document to record the payment of rent by the tenant to a landlord. It is issued by the...

Investing in a Systematic Investment Plan (SIP) is easy and can be done online in just a few clicks. When you invest in a new fund, you select a scheme and make the first payment to initiate your investment. Once...

Financial experts always recommend portfolio diversification by investing across various asset classes and securities. Diversification aids in mitigating risk, however, investing heavily in low-yield or risky instruments is not advisable. Balanced funds aim to invest in the most suitable instruments...

The financial world is a complicated place with different types of investments, risks, and rewards. However, the two main categories are stocks (stock market) and bonds (bond market). Stocks have a higher risk, but also offer higher returns when they...

The decision of whether to invest in an equity fund or a retirement fund is a matter of personal preference and financial goals. For example, a retirement fund is suitable for long-term goals such as saving for retirement. However, if...

It's tough to find the perfect balance between debt and equity when investing. A mutual fund helps you strike a balance between the two and build a strong portfolio. Among the different types of mutual funds, there are some suitable...