Showing posts from November, 2020

SIP - Systematic Investment Plan

Systematic Investment Plan - SIP It is one of the best and very simple method of investing in Mutual Funds. This is the method in which a common man who does not know much about Equity market and mutual fund can invest and earn smart profits.   If a person wants to invest in mutual funds without much efforts, can opt for SIP method of investing. What Is SIP? SIP is a method of investing a fixed sum of money, regularly (On fixed dates of months), in a mutual fund scheme. SIP allows one to buy units on a given date each month, so that one can implement a saving plan for themselves. The biggest advantage of SIP is that one need not time the market. Let us understand SIP with an example Client : Hi Mr. Advisor, I want to know the difference between stock SIP vs Mutual fund SIP.  Which one is better & why ? Can u explain both the concepts ? Advisor : Yes sir surely. Why not. Well, stock SIP is averaging and Mutual fund SIP is rupee cost averaging. Albert Einstein quote... Compound inte

Which Bank is Providing High Interest rate on Fixed Deposits in India?

Fixed Deposit It is One of the famous investing instrument among the Indian people to generate revenue out of their savings. Due to COVID-19 pandemic almost all banks have reduced their interest rates on the FD's. Which affected the revenue of many people like Senior Citizens, Widow and many other people. So, Let us see which bank is offering high return on FD In below table let us know how much interest rate the top Indian banks providing on FD Presently PNB is providing better interest rate than all other top banks of India. So one can invest in these banks to get better and safe interest rates.