Atal Pension Yojana

Definition: Atal Pension Yojana, popularly known as APY Scheme is the government pension scheme offered to those individuals who are employed in rural and the unorganized sectors and are not the members of any social security scheme. The Atal Pension Yojana was named after Mr. Atal Bihari Vajpayee, ex-Prime Minister of India. The aim of…

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Sukanya Samriddhi Account

Definition: Sukanya Samriddhi Account, also called as Girl Child Prosperity Account is the saving scheme backed by the Government of India on which the fixed interest is paid. This scheme was launched for the parents of a girl child to encourage them to save funds to meet the future expenses incurred in the higher education…

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Kisan Vikas Patra

Definition: The Kisan Vikas Patra is a government small saving scheme offered by the department of posts, which guarantees that the amount invested gets doubled in 110 months, i.e. 9 years and 2 months. Kisan Vikas Patra is a saving certificate that comes in the denominations of Rs.1000, Rs.5,000, Rs.10,000 and Rs.50,000. These certificates are…

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Senior Citizen Saving Scheme

Definition: The Senior Citizen Saving Scheme or SCSS is a short-term government saving scheme meant for the Indian citizens of the age of more than 60 years. The purpose of SCSS is to fulfill the needs of senior investors, who seeks for guaranteed returns, regular payouts, and safety of capital. The Senior Citizen Saving Scheme…

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National Saving Certificate

Definition: The National Saving Certificate or NSC is the small-saving government scheme offered by the department of post and is available in several denominations of Rs 100, Rs. 500, Rs. 1000, Rs. 5,000, and Rs. 10,000. The National Saving Certificate is the fixed investment scheme backed by the government of India on which a fixed…

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Public Provident Fund

Definition: The Public Provident Fund, popularly known as PPF is the long-term saving scheme introduced by the Ministry of Finance (MoF) in 1968. The purpose of the PPF is to mobilize the small savings of individual by offering them investments that carry a reasonable return along with the income-tax benefits. The Public Provident Fund is…

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Pyramid Scheme

Definition: The Pyramid Scheme is a pyramid like a business model that recruits people with a promise of guaranteed high returns through the recruitment of other people into the scheme. The Pyramid Scheme is an illegal form of investment where people are misled that by giving money they can make more money, but however, no…

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Special Funds

Definition: The Special Funds are those kinds of mutual funds that can neither be categorized as equity funds nor as the debt funds. These funds are unique and work well for those investors who have specific financial objectives. The following are the different types of Special Funds: Index Funds: These funds track and replicate the performance…

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Debt Funds

Definition: The Debt Funds are a kind of mutual funds that invest majorly in the fixed income instruments. The objective of the debt funds is to seek current income and preserve the capital. The debt funds are comparatively less volatile than the equity funds and provide a steady income to the investors. The Debt funds are…

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Equity Funds

Definition: The Equity Funds are the mutual funds that predominantly invest in stocks. The purchase of each share of stock represents the unit of ownership in the company. With the purchase of every unit of share of stock, the investor becomes the owner of the company and enjoy the profits in any of the following…

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