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SOA (Statement of Account) is a document summarizing financial transactions between parties over a period, essential for tracking banking activities. Demat (Dematerialization) involves converting physical securities into electronic form held in a Demat account, facilitating easier trading and management of stocks, bonds, and mutual funds. …
Bank Fixed Deposit (FD) VS Debt Mutual fundFeatures: Pros: Cons: Debt Mutual Fund Features: Pros: Cons: Comparison Summary: Conclusion Each option has its place in a diversified portfolio, and the choice depends on your individual risk appetite, investment goals, and time horizon.
Starting your first job is an undeniable milestone in your adult life. While your paychecks bring you financial autonomy, they also bring you specific financial responsibilities. To better manage your responsibilities, you need to learn certain habits. Learning financial discipline early on makes savings a …
On 1st February 2023, the Finance Minister, Nirmala Sitharaman, outlined the budget for the upcoming fiscal year. The new budget serves as the blueprint for an inclusive and empowered economy. The budget listed seven main priorities, namely: Let’s look at the main highlights of the …
Investors are always looking for investment options to park money for a while, until they need it. Their go-to option is the regular savings bank account. But there are plenty more short-term options for investors. What is short term investment? Any investment option which is less than …