ULIP refers to Unit Linke Insurance Plan and ELSS refers to Equity Linked Savings Scheme. ULIPs are life insurance policies with a large chunk of investment attached to it. In a way “ULIP = Mutual Fund + Term Insurance“. You can also call it, a life insurance policy where you can select where your money… Read More »
Fixed deposits are one of the most sought-after financial instruments in India. Millions of Indians put their life savings in fixed deposit schemes offered by banks across India. However, investors should understand the various types of fixed deposits to ensure that they get their desired results on their deposits. Fixed deposit can be divided into… Read More »
From networking with several clients and business associates, I would say that wealthy people have some great characteristics that normal people could utilise: They don’t talk about people, they talk about ideas, and take action They read a lot, and are aware of the latest current and economic events They know finance extremely well, and… Read More »
Here is a small list of some of the most valuable personal finance tips. I have collected through past few years and found them very helpful. Read “Rich dad, Poor dad”. It literally changed my life. Have ZERO liabilities. Don’t get any loans unless it is an emergency. No credit cards, No car loan, etc., If you… Read More »