Yes, from 1st April 2010, you’ll earn more money for every rupee that you deposit in your bank account. Though the interest rate of 3.5% p.a. on your bank balance remains the same, what has changed is the method of calculating the interest. Let me explain. read more..
Category: Grow Money
You know that ‘Highest NAV Guarantee’ plans give you the guarantee of highest NAV but what you don’t know is that they don’t guarantee the highest returns. Confused? let me explain. read more..
It has long been a common belief amongst the investing community that for the same life insurance cover, Mutual Fund + Term Plan combination gives a better return than an Unit Linked Insurance Plan (ULIP). While this was true till recently, the change in charge structure and the subsequent abolition of service tax on charges in ULIP have tilted the scale in favour of ULIP. read more..
You’ve worked hard to earn money. And you want investments that keep your money safe. Traditional deposits come to mind first. But with safety, wouldn’t you also like to get better returns? read more..
Is it really possible to invest at a price lower than the market price? The answer is Yes, it is possible and that too in a perfectly legal way, by following the age-old principle of Rupee Cost Averaging. read more..
The great Albert Einstein once said “The most powerful force in the universe is compound interest“. So what is this compounding all about and what is so special about it to get such a compliment from the great scientist? Lets try to understand. read more..
Most people shy away from investing because they are afraid of losing their hard earned money. I agree that losing your hard earned money is a frightening prospect. But try to recollect, you were equally frightened when you went to school for the first time or when you were learning to drive. read more..
