What if you had Rs 500 to eat your 3 meals today? Would you spend it all on breakfast?
Sanjiv SinghalFounder & Chief Operating Officer of Scripbox, Sanjiv has worked at the intersection of finance & technology for over 25 years - having held leadership positions at Citibank, ABN AMRO Bank & Kotak Mahindra. Sanjiv set up Scripbox along with his friends Ashok, Atul & Ravi with the aim of simplifying personal finance for everyone. You can also follow Sanjiv on twitter @sanjivsinghal.
Q: My debt funds seem to have crashed. I understand some RBI policy could have impacted. But please explain it. Scripbox: Debt funds are fixed income instruments like Bank FDs. However, the difference is that while on an FD you earn regular and predefined interest every quarter, in debt funds your return comes from an increase in the value of the fund over time.