The recent amendment to the Finance Bill 2023 has leveled the playing field between fixed deposits and debt mutual funds. In this article, let is understand the recent amendments made to the Finance Bill 2023, and how it will impact debt mutual funds. Difference between equity mutual funds and debt mutual funds Firstly, note the…
The Sukanya Samriddhi Yojana is a savings scheme launched by the Government of India to promote the welfare and to secure future of girl children. It is the best scheme available for investment in the name of a girl child. Account opening for Sukanya Samriddhi Yojana Deposits Benefits of Sukanya Samriddhi Yojana Interest rate Penalty…
The National Pension System (NPS) is a voluntary pension cum investment scheme launched by the Government of India to provide old age security to citizens of India. About the National Pension System Pension Fund Regulatory and Development Authority (PFRDA) regulates National Pension System. The scheme is available to all citizens since May 01, 2009. The…
Public Provident Fund is a popular long-term savings scheme offered by the Government of India. It is a safe and secure investment option that provides attractive returns and tax benefits. Tax benefits make PPF a highly attractive investment option for those looking to save taxes and build long-term wealth. Anyone who is a citizen of…
Free-float market capitalization is the total value of a company’s shares that are available for trading on the stock market. What is Free-float market capitalization Free-float market capitalization is calculated by taking the total number of outstanding shares of a company and multiplying it by the market price of each share, then adjusting this figure…
Nifty 50 is benchmark index formed by the National Stock Exchange of India (NSE). The NSE selects the 50 companies that will make up the Nifty 50 based on certain criteria. Nifty 50 Index formation Nifty 50 stands for “National Stock Exchange 50”. This is a benchmark Index of NSE and is usually referred to…