How To Select The Best Debt Mutual Funds?
While commuting to work, you catch a glimpse of the same billboard every morning. It says something along the same lines of ‘Get rid of all your financial worries by investing in best debt mutual funds.’ You might find it amusing. If it were that easy, wouldn’t everyone be rich? But what if we told you, it is not that hard or out of reach either? Because with every little eye roll or...
Everything You Need To Know About Equity Mutual Funds
The rat race of life has made us believe that we are constantly competing with our neighbors. Your neighbor bought an expensive car? You wonder why you can’t have one? Your neighbor moved to a posh locality? You start to wonder why you can’t do the same? These thoughts stem from the hustle culture that promotes work over life in our attempts to improve our standard of...
Why Is Rupee Depreciating?
The Indian rupee has fallen to record lows amid the worsening risk sentiment and the continued spree of overseas outflows from domestic equities. The rupee fell to an all-time low of 77.6125 against the U.S. Dollar due to sell-off inequities. A major reason for sell-off inequities Hike in interest rates by the U.S. Federal Reserve.Weakening global economic growth prospects.Growth...
Why Review Your 2021 Finances Before 2022 – FFC Ep 55
The new year is just a day away. To ensure that the coming year to be stress-free, you must review your finances. This review will help you assess how you have done with your finances in the last year, where you stand today, and the steps you need to take to set yourself up for success financially in the short and long term. Reviewing your 2021 finances will help you organize your...
What Is RBI Retail Direct Scheme, Benefits & Risks- FFC EP 53
You can now invest in G-sec directly through RBI Retail Direct Scheme. The government launched a platform that will allow retail investors to buy and sell government securities on their own through – RBI Retail Direct Gilt Account. Under RBI Retail Direct Scheme, one can invest in RBI Bonds, Central Govt Bonds, State Govt Bonds, SGB and Treasury Bills. one can invest in primary as...
What Is Cryptocurrency | Cryptocurrency Explained – FFC 52
Cryptocurrency is a virtual or digital currency that is backed by cryptography which cannot be counterfeit or double-spend. Most of the cryptocurrencies that we see today are based on Blockchain technology. Blockchain is a system that records the transactions related to cryptocurrency and saves them in several computers linked with each other using a peer-to-peer network. To know more...
Clubbing Of Income – FFC 51
Clubbing of Income means that the Income of some other person would also be included in your Income. You would be required to pay tax on such income of the other person.The provisions of clubbing of Income were introduced by the Govt so as to ensure that a person does not try to reduce his tax liability by splitting his income in different names.We recommend you to watch our video...
How To Check Your Financial Health – FFC 50
Financial health describes the state of a person’s personal financial situation. Its dimensions include savings, retirement planning, and the income spent on fixed or non-discretionary expenses.Most people are unaware of certain basic things or factors to look out for, which are basically warnings towards incoming financial peril. If ignored these may prove to be very costly, but...
What Is Lifestyle Inflation & How To Overcome It-FFC ep 49
Lifestyle inflation refers to an increase in spending when an individual’s income goes up.People have a strong tendency to spend more if they have more. It creeps into more areas. You can end up spending more money than you need to (or should) on vacations, dining out, entertainment and clothing, just to keep up with the status.Lifestyle inflation tends to become greater every...