An investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth.
Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against.
Car Insurance, Home Insurance, Health Insurance & Travel Insurace
Mutual Funds is the pool of investments that sells Securities to investor who have a common objective. Managed by Professional Portfolio managers...
In today’s markets, there a myriad investment opportunities available to people in India but of them all there is one which has been a favoured instrument in the country for ages. This instrument is known as the fixed deposit or term deposit. Imagine, if you will, that you find yourself flush with a lump sum of money which you intend to save and want it to grow but don’t want it to be at risk in any way. This is where the fixed deposit comes in because you can take that money and give it to a bank for a specific period of time ranging from 7 days to 10 years.
In India the tax saving bonds are used by the individual tax payers. These have not been too popular like some other tax saving instruments but are deemed ideal for tax payers who have lesser propensity to take risks. These bonds are for investors who look to generate savings in the long run and also enjoy tax benefits at the same time.