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Earn up to 1.5% Risk-Free Annual return in your Mutual Funds just by doing this!
- December 10, 2021
- Posted by: MvM Team
- Category: Mutual Funds
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Money making is an art as well as a science. Most people ignore this important aspect of life due to paucity of time, lack of knowledge, or simply being lazy in doing research.
Mutual Funds are among the most popular investment avenues available to you to retire rich.
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Rent or Buy a House?
- December 10, 2021
- Posted by: MvM Team
- Category: Personal Finance
Should I Rent or Buy?
In India, a lot of people prefer buying a house over renting, but if done appropriately, renting a house can be quite effective in the long run. The decision to buy or rent depends on many things like property prices, rental amount, funds for down payment, future goals, job security, and so on.
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Retirement Planning: Inflation & Time Value of Money Explained!
- December 8, 2021
- Posted by: MvM Team
- Category: Retirement Planning
The first question that arises is what do we mean by inflation?
Inflation is simply the increase in the price level of goods and services, for instance, food or clothing. In simple words, when we say inflation is 5% per annum, it means the prices of goods and services have increased by 5% over the previous year.
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Is NPS the best retirement option?
- December 8, 2021
- Posted by: MvM Team
- Category: Retirement Planning
NPS is considered to be the most reliable amongst other retirement planning schemes like PPF, EPF, etc., as it renders higher returns due to the presence of equity aspect. It is also helpful for individuals who are looking to save extra tax.
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How does Power of Compounding work: Simple vs Compound Interest
- December 8, 2021
- Posted by: MvM Team
- Category: Loans
Simple Interest
Simple interest is an interest on principal, where the borrower pays interest on the principal amount only. This remains constant throughout the tenure of the loan.
Simple interest = Principal × Interest Rate × Time.
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NPS: A step closer towards your dream retirement
- December 8, 2021
- Posted by: MvM Team
- Category: Retirement Planning
The foundation of a good retirement is planning. An individual who doesn’t plan for retirement efficiently might end up working even at the age of retirement. To address this concern and make dream retirement achievable, the Government of India came up with a beneficial retirement planning product called National Pension Scheme (NPS).
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Planning to Retire early? Don’t forget to do this!
- December 8, 2021
- Posted by: MvM Team
- Category: Retirement Planning
What is a Will?
A will is a document that ensures that after your death; your assets get passed over to the people that you wish to. A will helps in setting off the assets after the individual’s death without any legal hassle.
The minimum age for making a will is 21 years.
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All Types of Mutual Funds Explained
- December 8, 2021
- Posted by: MvM Team
- Category: Mutual Funds
To facilitate a proper distinction between mutual funds and to bring uniformity among similar scheme categories, SEBI decided to categorize mutual funds as follows:
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Direct vs Regular Mutual Funds
- December 8, 2021
- Posted by: MvM Team
- Category: Mutual Funds
Direct Funds:
Funds that are offered directly by the fund house without the involvement of any third party like a broker or any other intermediary. These funds are characterized by a low expense ratio due to the absence of any third-party commissions. One can earn an extra return of up to 1.5% per annum by investing in direct funds.
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What are Mutual Funds?
- December 8, 2021
- Posted by: MvM Team
- Category: Mutual Funds
A mutual fund is a trust that pools money from investors who share common investment objectives and invests the pool of money on their behalf. The income generated from the fund is distributed among the investors after adjusting for expenses and other levies.
A mutual fund invests your money in a basket of investments like shares, bonds, gold, depending upon the type of fund you choose. Mutual Funds help the investors to have a diversified portfolio of assets which helps to reduce the overall risk.
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