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..
Tag Archive: 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..
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..
Why should you save and invest? The answer is simple. You save now so that you can spend it later. You invest the saved money so that it grows and you can spend more than what you had saved. 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..
