Portfolio Turnover Ratio is calculated as a percentage of sale or purchases of securities (whichever is lesser) made by a mutual fund scheme during a particular period (usually a year) divided by its average assets.

There is an element of comfort in dealing with friends. “At least, they wouldn’t cheat you” is the usual reasoning. But then, there can be pitfalls as well.

We need a phone to communicate, internet to browse, electricity to live and gas to cook. In a way, it’s our life line. Expenditure on these utilities can’t be completely done away with. However, by spending smartly we can chop-off the excesses and save for your future.

अगर आप कार का इस्तेमाल ज्यादा इस्तेमाल करते हैं तो, इसकी कीमत अपने वास्तविक मूल्य से आपको तीन गुना ज्यादा चुकानी पड़ सकती है।

Contrary to popular opinion, term policy – that offers pure life cover – is not a ‘commoditized’ product. You need to go beyond the premium to look into its policy features and terms and conditions as well.

Supposing your budget is off-balance. How do you then figure out which expenses to knock- off the list? This approach will help.

How much to donate is a personal choice. While you may or may not follow any rules, it is always a good idea to donate, according to your capacity and without stretching your finances.

By packing your own food, you save at least 50 percent of the eating costs. A tomato soup that costs Rs 100 at a restaurant can be packed from home by whipping a few tomatoes, which in turn can serve you six times over for the same cost.