Mutual Funds Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities such as stocks, bonds, money market instruments, and other assets. Overview of Mutual Funds: Structure: Mutual funds are managed by professional fund managers or management companies, who make investment decisions on behalf of the… Read More »
CA Certificate What is a CA Certificate CA Certificate generally refers to a Chartered Accountant Certificate. Chartered Accountants (CAs) are experts proficient in accounting, auditing, and tax matters. They are members of the Institute of Chartered Accountants of India (ICAI), which is the regulatory body governing the profession of chartered accountancy in India. To become… Read More »
New vs Old Tax Regime The new tax regime under the Income Tax Act in India, introduced in the Union Budget 2020-21, offers taxpayers an alternative tax structure with lower tax rates but without various deductions and exemptions available under the old tax regime. New tax regime: 1. Lower Tax Rates: The new tax regime… Read More »
PIN Code In India, a PIN code (Postal Index Number) comprises six digits utilized by postal department to streamline the sorting and distribution of mail. Each area in India is assign a unique PIN code, helping in the efficient routing of mail to its intended destination. Here’s all you need to know about PIN codes… Read More »
Bank Overdraft & Cash Credit Bank overdraft and cash credit facilities are both forms of short-term borrowing provided by financial institutions to individuals and businesses. Here’s a detailed explanation of each: 1. Bank Overdraft: i. An overdraft is a financial arrangement where a bank allows an account holder to withdraw funds from their account even… Read More »
Loan Against Property In a loan against property (LAP), individuals offer their property as security to obtain funds from a lender, making it a secured borrowing option. This loan allows individuals to utilize the equity in their property to obtain a loan for various purposes, such as business expansion, education expenses, medical emergencies, debt consolidation,… Read More »
Gold Loan A gold loan is a type of secure loan where gold jewelry or ornaments are pledged as collateral to obtain funds from a lender. Brief overview of Gold Loans (GL): 1. Collateral: Gold jewelry or ornaments are use as collateral for obtaining a GL. The lender evaluates both the quality and quantity of… Read More »
Jan Aushadhi Kendra The Jan Aushadhi Kendra (JAK) program, spearheaded by the government of India, strives to ensure access to high-quality generic medications at economical rates for every individual, with a special focus on catering to the needs of the financially disadvantaged segments of society. Jan Aushadhi Kendra (JAK): Objective: The primary objective of… Read More »
Ayushman Bharat Yojana (ABY / PMJAY) Ayushman Bharat Yojana, also known as the Pradhan Mantri Jan Arogya Yojana (PMJAY), is a flagship healthcare scheme launched by the Government of India in September 2018. Here’s all you need to know about Ayushman Bharat Yojana: 1. Objective: The primary objective of ABY is to provide financial protection… Read More »
Kisan Vikas Patra (KVP) The Kisan Vikas Patra (KVP) serves as a modest savings program provided by the Government of India, with a core focus on encouraging long-term financial resilience among Indian populace, particularly in rural regions. Features of Kisan Vikas Patra (KVP): 1. Purpose: Kisan Vikas Patra was introduced with the aim of… Read More »
