How to start sip investment on the EduFund app?

SIP is a Systematic Investment Plan that allows one to invest a fixed small amount every month in a preferred mutual fund scheme.   For example, if you save ₹5000, subtracting all other discretionary and necessary expenses from your income, you could contribute it to a SIP fund. Setting up a SIP, the particular fund gets …

Complete guide: Ways to save money in a middle-class family?

Saving money in a middle-class family is stressful. Lack of finance knowledge, poor budgeting, relying on a single-income family member, and increasing prices of daily goods and services are some of the biggest barriers to saving money in a middle-class family.  Another core barrier is saving in FDs over investing. Most Indian middle-class families prefer …

What is Collateral? How does it work?

Collateral is an item that a lender will accept in exchange for a loan. Collateral may take the shape of real estate or other assets, depending on the loan’s intended use. The collateral acts as a form of insurance for the lender.  In other words, if the borrower misses a payment on the loan, the …

5 important things to know before investing in US stocks

If you want to invest in the US stock market to benefit from US stocks, you may start by opening an international trading account in India. But before investing in US equities, here are the 5 important things to know before investing in US stocks. 1. Regulatory framework One of the oldest, most effective, transparent, …

What are goal-based savings? Types of goals-based savings

“What is goal-based savings” is a common query of an investor exploring different ways of creating a well-planned financial strategy. Goal-based savings refer to a savings plan which is exclusively created to fulfill a specific goal. These goals can have either long-term, mid-term or short-term tenure.  Developing the habit of goal-based savings will help the …

Few myths associated with SIP Investments

What is SIP? SIP (Systematic Investment Plan) is a disciplined way of investing. In this, the investor makes periodical payments to create a corpus at the end of the investment horizon. SIP mode is one of the effective ways for retail investors to generate wealth over a long period. SIP has become a prevalent mode …

Strategies to build wealth with mutual funds in 2022

Building wealth in today’s world is everyone’s dream. If you are planning to invest for long-term financial goals, then equity mutual funds are the best option to opt for as they have and can outperform many other asset classes like gold, fixed deposits (F.D.s), etc., over a long period. But equity mutual funds can be …

How to set financial goals?

If you want to become financially secure, it is extremely important to set short-term, mid-term, and long-term financial goals. Even if you plan everything, you cannot be fully prepared for a crisis that may come up anytime. The unexpected bills are the main reasons which affect our financial goals.   Ways to set financial goals …

How parents can save through SIP investment?

Rising inflation is eating your money. If you don’t park your savings in a suitable asset class that can beat inflation, then with time, the value of your savings decreases. Basically, with time, the value of the currency decreases. Saving as a parent is essential for your child’s future needs. Not only to fulfill the …

What are target maturity funds?

A target maturity fund is a fund category with a fixed maturity date. As the maturity date gets closer, the maturity value decreases to zero, and the fund ends its existence. The maturity date of these funds is typically marked in the framework name. The regularity of target maturity funds’ returns distinguishes them. Investors who …

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