Interest is calculated on the investment or loan taken. There are two ways one can calculate interest. The two ways are simple interest (SI) and compound interest (CI). Simple interest is basically the interest on a loan or investment. It...

What is a fund? A fund is formed by pooling money from multiple investors. The fund is a pool of money set aside for a specific purpose. Professionals manage funds and invest the money in financial securities. A fund manager...

Gold is perhaps the most coveted and desired asset in India. In India, gold investment happens in 4 different ways. The most popular one being in physical form. However, gold mutual funds, gold ETFs, and sovereign gold bonds are gaining...

Myths are ancient stories passed down through time. Personal finance existed from the time money came into existence in the world. Hence there are myths about it. However, they only change from time to time, with investment vehicle available in...

6 Definite Difference Between Investing and Gambling Is investing and gambling the same? I heard most of the people saying they won’t invest in shares or mutual funds are they don’t like to gamble. However, investing and gambling are two...

Abraham Maslow proposed a motivational theory called hierarchy of needs. He stressed the importance of satisfying the needs at the bottom of the pyramid first before moving to the next level of needs. One needs to prioritize their needs where...

It is that time of the year when people are all geared up to receive their annual bonus for all the hard work they have put in throughout the year. People generally use lumpsum bonus amount for various purposes such...

Zero coupon bonds are fixed income securities that don't pay any interest. At the time of maturity, the investor is paid the face value or par value. These bonds come with 10-15 years maturity. Hence, they trade at a deep...