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Welcome to our personal finance newsletter, your source for timely informational updates and advice to help you confidently navigate the world of personal finance.
Author: Amar Mustfa
Welcome to Fund Gyaan (Fund Gyan), your preferred source for personal finance knowledge and expert insights on managing money, credit cards and a wide range of financial matters. The driving force at the heart of this platform is Amar Mustafa - a dedicated financial enthusiast and educator. Amar Mustafa embarked on a mission to empower individuals with the knowledge and skills needed to navigate the complex world of personal finance. With a passion for uncovering financial intricacies, Amar has dedicated years of his life to refining his expertise and sharing it with the world.
Investing in mutual funds has become increasingly popular among individuals looking to grow their wealth and achieve their financial goals. The most convenient and economical way to invest in mutual funds is through a systematic investment plan (SIP). With SIP, you can invest as little as Rs. You can start investing at Rs. 500, making it accessible to individuals with different income levels and financial capabilities. In this comprehensive guide, we will explore the concept of SIP and how you can start investing in mutual funds with just Rs. 500. We will discuss the benefits of SIPs, the different types…
How to Get Your Credit Score in India Introduction In today’s financial scenario, it is essential to have a good credit score to access credit cards, loans, and other financial products. Your credit score is a numerical representation of your creditworthiness, indicating your ability to repay debts. In India, the primary credit bureau is the Credit Information Bureau (India) Limited (CIBIL), which collects and maintains credit information from various sources, such as banks and financial institutions. In this comprehensive guide, we’ll explore how you can get your credit score in India and how to build and improve it. Recommend Books…
Are you looking for ways to earn cashback on your credit card spending? Cashback credit cards can be a great option for those who want to earn rewards and savings on their purchases. In this article, we will learn about the best cashback credit cards in India that can help you maximize your savings and make the most of your spending. Best Cashback Credit Cards in India Best Cashback Card in India 1. Axis Bank ACE Credit Card: Bill Payments and Lounge Access The Axis Bank ACE Credit Card is a top choice for individuals who make bill payments frequently…
Investing in mutual funds is a great way to grow your wealth over time. This allows you to participate in the financial markets and benefit from the expertise of professional fund managers. A common misconception is that investing in mutual funds requires a large sum of money. However, this is not always the case. Actually, you can start investing in mutual funds with less than Rs 500 through a systematic investment plan (SIP). In this article, we will explore the concept of investing in SIP mutual funds, with a focus on starting with Rs 500. RS 500 SIP Mutual Funds…
Introduction In today’s fast-paced world, financial emergencies can arise unexpectedly, requiring immediate access to funds. However, if your CIBIL score is low, getting a personal loan may seem challenging. Lenders often consider the CIBIL score as an important factor in assessing the creditworthiness of an individual. But don’t lose hope just yet! In this comprehensive guide, we will explore the steps you can take to secure a personal loan even with a low CIBIL score. How to Get a Personal Loan with Low CIBIL Score Understanding the Importance of CIBIL Score Before discussing the strategies to get a personal loan…
SIP vs RD: A Comprehensive Comparison of Systematic Investment Plan and Recurring Deposit
When it comes to long-term wealth creation, two popular savings plans in India are the systematic investment plan (SIP) and the recurring deposit (RD). Both options provide individuals with the opportunity to build a significant corpus through regular investments. While SIP involves setting aside a fixed amount at fixed intervals for investment in mutual fund schemes, RD is a savings plan that requires monthly payments. In this comprehensive comparison of SIP vs RD, we will analyse various aspects of these investment options to help individuals make informed decisions. Difference Between SIP and RD To understand the main differences between SIP…
Introduction In the field of investment options, fixed deposits (FDs) have long been a popular choice among Indian investors. Providing a safe and predictable way to grow savings, FDs have become synonymous with financial maturity and stability. In this article, we will explore the reasons why Indians prefer fixed deposits over other means of investment and how they have evolved over time in India. What is fd deposit, What is cumulative fixed deposit ? Fixed Deposits in India: An Overview Fixed deposits are one of the safest savings instruments available in India, offering guaranteed returns on deposited funds. When an…
Investing in Mutual Funds can be a smart and effective way to grow your wealth and achieve your financial goals. With a wide range of options available, it is important to understand the process of investing in mutual funds and make an informed decision. In this comprehensive guide, we will take you through how to invest in mutual funds, the different types of mutual funds, and the benefits they offer. Whether you are a beginner or an experienced investor, this guide will provide you with the knowledge and tools to confidently navigate the world of mutual fund investing. How to…
In the ever-evolving world of finance, it is essential to stay updated with the latest tools and strategies that can help you deal with the complexities of taxation. One such tool that holds significant importance for taxpayers and investors is the Cost Inflation Index (CII). Understanding the concept of CII and how it can be used for tax planning is important to maximise your financial returns. In this comprehensive guide, we will provide practical examples to clarify the meaning of the cost inflation index, its calculation, and its application. So, let’s embark on this journey to unravel the secrets of…
No matter how much money an investor has to invest, the stock market has a wealth of opportunities. Contrary to popular belief, investing in stocks doesn’t require a sizable chunk of money. You can enter the market and possibly generate substantial gains with as little as 500 rupees. This thorough guide will examine the top stocks priced under 500 rupees in 2023, assisting you in making wise investment choices and maximizing your financial potential. Best Stocks Under 500 Rs 2023 Understanding Multibagger Stocks It’s critical to comprehend the idea of multibagger stocks before digging into the list of the finest…