Finance

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 and marriage of their girl child. The Sukanya … [Read more...] about Sukanya Samriddhi Account

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 backed by the government of … [Read more...] about Kisan Vikas Patra

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 is backed by the government of India on which … [Read more...] about Senior Citizen Saving Scheme

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 and regular interest is paid. NSC is one … [Read more...] about National Saving Certificate

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 a tax saving instrument backed by … [Read more...] about Public Provident Fund

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 investments, products or services have been sold, … [Read more...] about Pyramid Scheme

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 of a particular index … [Read more...] about Special 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 of following types:   Liquid … [Read more...] about Debt 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 forms: An increased share value Dividends In case … [Read more...] about Equity Funds

Definition:  The Mutual Fund is an investment organization that pools the resources of several investors who shares the common financial objectives. These pooled resources are then invested by the fund manager in different securities ranging from shares to debenture to money market instruments based on the objectives as stated in the fund scheme. Types of Mutual … [Read more...] about Types of Mutual Funds