Table of Contents Introduction Owning a car these days is not just for transportation anymore. Most use it as some tool in an added income-generating activity amidst the changing gig economy. For instance, you can choose to drive others around, carry out food deliveries, or even rent your car; the options are incredibly diverse […]
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Table of Contents Introduction: A Fixed Deposit (FD) is a financial product offered by banks and other financial institutions that provides a higher rate of interest than a regular savings account. It involves depositing a lump sum amount for a fixed period at a predetermined interest rate. How Fixed Deposits Work? 1. Deposit Amount: You
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Table of Contents Introduction: Peter Lynch is renowned for his exceptional career as an investor and fund manager, particularly during his tenure at Fidelity Investments. Born on January 19, 1944, in Newton, Massachusetts, Lynch’s journey into finance began with a bachelor’s degree in finance from Boston College in 1965, followed by a Master of Business
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Table of Contents Introduction: The Public Provident Fund (PPF) is a long-term savings scheme introduced by the Government of India. It is aimed at encouraging savings among individuals and providing them with a secure avenue for building a retirement corpus. PPF accounts can be opened with designated banks and post offices across India, offering attractive
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Table of Contents Understanding the Basics: Learn the Fundamentals Understanding Stocks and the Stock Market What Are Stocks? Stocks represent ownership in a company. When you buy a stock, you are buying a small piece of that company, known as a share. Stocks are also referred to as equities. How the Stock Market Works The
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Table of Contents Purpose and Concept: SIP (Systematic Investment Plan) Purpose: SIP involves investing a fixed amount regularly (typically monthly) in mutual funds over a long period. Concept: By investing regularly, investors benefit from rupee cost averaging (buying more units when prices are low and fewer units when prices are high) and the power of
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Table of Contents Introduction: When it comes to investing in mutual funds, one common dilemma investors face is choosing between SIP (Systematic Investment Plan) and Lump Sum investments. Each method offers distinct advantages suited to different financial goals and risk profiles. SIP involves regular, fixed investments over time, promoting discipline and averaging out market fluctuations.
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Table of Contents Introduction: FIFA (Fédération Internationale de Football Association) and ICC (International Cricket Council) are two prominent international governing bodies in the world of sports, each overseeing a major global sport: football (soccer) and cricket, respectively. FIFA is primarily responsible for overseeing international football tournaments, including the prestigious FIFA World Cup. It sets rules
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Table of Contents Introduction: SIP (Systematic Investment Plan): SIP is a disciplined way of investing in mutual funds where an investor regularly invests a fixed amount at predefined intervals (like monthly or quarterly). It helps in averaging the purchase cost and harnessing the power of compounding over time. Mutual Funds: Mutual funds are investment vehicles
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Table of Contents Introduction: Choosing the best type of mutual fund depends largely on your financial goals, risk tolerance, and investment timeframe. There are several types of mutual funds to consider, each tailored to different objectives. For long-term growth, equity funds that invest in stocks can offer higher returns, albeit with higher risk. If stability
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