What is a Structured Product?
Structured Products are savings or investment products whose returns are tied to an underlying asset with pre-defined characteristics (maturity date, coupon date, capital protection level, etc.). They are among the…
What is Compound Interest and How Does It Works?
Compound interest is interest computed on the original principle plus all accumulated interest from prior periods on a deposit or loan. It is computed by multiplying the original principal amount…
What is Mutual Funds?
It is a trust that collects money from a group of individuals with similar financial goals and invests it in stocks, bonds, money market instruments, and/or other securities. After deducting…
What is Banking and How do Banks Make Money?
Banking is the business of safeguarding other people's money. Banks lend this money, earning interest and profit for both the bank and its consumers. A bank is a type of…
What is Credit Score?
A credit score is a number ranging from 300 to 850 that represents a consumer's creditworthiness. The higher the score, the more appealing a borrower appears to potential lenders. A…
How to save for a vacation?
Around this time of year, when you start to consider taking a trip, vacation planning frequently starts. But ideally, you're also considering setting aside money for a trip. Vacations typically…
How to save for down-payment?
In a recent move, the National Housing Bank, India's premier housing institution, proposed allowing lenders to loan up to 90% of a property's value for homes costing Rs 20 lakhs…
Apps which allow you to invest in Gold?
Indians have a special relationship with gold and simply adore it. Indians frequently invest in gold in addition to purchasing it. It is not only among the best investment possibilities,…
Which share will grow in future?
Before investing in growth stocks, you have to know the definition and reason for fast growth rate in valuable stocks. Growth stocks are securities that are anticipated to increase in…