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SIP stands for Systematic Investment Plan. It is a disciplined investment approach that involves investing a fixed amount at regular intervals in a mutual fund scheme. SIPs are one of the most popular ways of investing in mutual funds.
Compound interest is interest earned on the initial principal and all accumulated interest from previous periods. It's also known as "interest on interest".
Compound Annual Growth Rate (CAGR) is a measure of the average yearly growth of investments over a specific time period. It is a helpful tool for investors because it precisely measures investment growth (or decline) over time.
Discounted cash flow (DCF) is a valuation method that estimates the value of an investment by discounting its future cash flows. DCF analysis is used in the investment industry and corporate finance management. It can be used to value a company, project, stock, or other assets or activities
An education loan is a sum of money borrowed to pay for post-secondary education or related expenses. Education loans can help cover the cost of tuition, books, supplies, living expenses, and other expenses.
EMI stands for Equated Monthly Instalment. It is a fixed amount of money that a borrower pays to a lender on a specific date each month to repay a loan. EMIs include both the principal amount and the interest
AFD stands for Fixed Deposit. It's a type of investment where an individual puts a lump sum of money into a bank for a set period of time. The interest rate on the amount deposited is fixed when the account is opened.
GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. It is a multi-stage, destination-oriented tax imposed on every value addition, replacing multiple indirect taxes, including VAT, excise duty, service taxes, etc.
Investment planning is the process of identifying your financial goals and making a strategy to achieve them. Investment planning starts with assessing your financial goals and making a list of your goals and ends with investment and regular portfolio monitoring.
In financial terms, a lump sum is when a large sum of money is invested at once instead of breaking it down into multiple installments. For example, if an investor is willing to invest their entire amount in a mutual fund, it will refer to as lump sum mutual fund investment.
The Public Provident Fund (PPF) is a savings and investment scheme in India that was introduced in 1968. The scheme's main objective is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits.
Retirement planning is a financial strategy that involves saving, investing, and distributing money to support oneself during retirement. The primary goal of retirement planning is to maintain the same standard of living after retirement and achieve financial independence.