Gold BeES, tradable on BSE and NSE, are units backed by physical gold bullions of 99.5% purity, each equivalent to 0.01 gram of gold.
Understanding the Drawbacks of Auto Sweep Facility
Penalties for premature FD withdrawals and their impact on interest in Auto Sweep accounts are crucial disadvantages.
Calculating Fixed Deposit Interest Online Using FD Calculator
Learn how to calculate the 50 lakh fd interest per month using an online FD Calculator for accurate maturity amounts.
Earnings Per Share (EPS): Formula, Meaning, and Investment Insights
EPS Full Form: Earnings Per Share: What Is EPS? EPS, or Earnings Per Share, is a crucial financial indicator that measures a company’s profitability by showing the profit assigned to each outstanding share of common stock. It reflects each shareholder’s earnings if the company distributed all its profits at the end of a financial period. […]
Golden Rules of Accounting: A Complete Guide
In finance, accounting forms the backbone of all business operations. Whether managing a small business, studying finance, or handling corporate accounts, understanding the golden rules of accounting is crucial. These rules are the cornerstone of double-entry bookkeeping, helping ensure that every financial transaction is recorded accurately and consistently. What Are the Golden Rules of Accounting? […]
All About OD Against FD: Terms, Interest Rates, and Eligibility
Introduction: Understanding OD Against FD When it comes to managing liquidity, many investors look for options that provide easy access to funds without breaking their long-term investments. One such option is “OD against FD” or Overdraft against Fixed Deposit. This facility allows investors to withdraw a certain amount against their fixed deposits without liquidating them. […]
Unified Pension Scheme (UPS): A New Era in Retirement Security
The Indian government has introduced the Unified Pension Scheme (UPS), which aims to blend the strengths of the Old Pension Scheme (OPS) and the New Pension Scheme (NPS). UPS promises to provide a fixed, guaranteed pension-like OPS while incorporating market-linked returns similar to NPS, thus offering retirees a secure yet growth-oriented financial plan. What is […]
Tapping into Section 57 of the Income Tax Act, 1961: A Manual to Tax Efficiency
Understand deductions under Section 57 of Income Tax Act, including those for dividends, interest on securities and employee contributions to welfare schemes.
Trading on Equity: Understanding the Financial Leverage Tool
Trading on equity is a financial strategy that involves using borrowed funds or debt to amplify the potential return on equity. This technique is often employed by companies to increase their earnings per share (EPS) for shareholders by capitalizing on the benefits of debt, especially when it is cheaper than equity. In simple terms, trading […]
How CRISIL Mutual Fund Ranking Helps You Choose the Best Funds
Investing in mutual funds is a popular choice for those looking to build wealth, but with thousands of funds, it can be overwhelming for investors to decide which ones to pick. This is where CRISIL mutual fund rankings come into play. In this guide, we’ll dive into CRISIL mutual fund rankings, how they work, and […]