Asset Management Company (AMC) AMC is a company or a fund house set up to manage its clients’ investment of mutual funds in accordance with their financial goals. AMC makes investment decisions on the behalf of clients after carefully crafting scheme objectives. Asset Allocation Asset allocation is an investment strategy [...]
Repayment of Home Loan has 2 components:- Repayment of the Principal Amount Repayment of the Interest on Home Loan Section 80C: Tax benefit on Home Loan (Principal Amount) The amount paid as repayment of Principal Amount of Home Loan by an Individual/HUF is allowed as tax deduction under Section 80C of [...]
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world. Acquiring Bitcoins Several marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins [...]
Minimum Amount Due (MAD) is a small fraction of the total outstanding amount that you can pay in case you are not able to make full payments. When to pay minimum amount due MAD is the amount that you pay to the concerned credit card company on or before the [...]
Annuity is an investment where the investor provides cash to the vendor, typically an insurance company, in exchange for the promise to pay a series of periodic, usually monthly, payments in return. An immediate annuity begins to pay back right away, other annuities might not pay back for many years. [...]
NPS stands for the new National Pension Scheme launched by the Government of India. The scheme is handled by the Pension Fund Regulatory and Development Authority (PFRDA). It is a retirement savings scheme where both employees and employers contribute towards building wealth which is payable to the employee at the [...]
What is ULIP A ULIP is an insurance plan where the premium paid is invested in equity, debt, or money market instruments. Subject to certain conditions, the premium paid towards this policy is allowed as a deduction u/s 80C of the Income Tax Act. So, ULIP premiums can be deducted [...]