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What is a Non-Fungible Token (NFT)? If you’re unfamiliar with the word ‘non-fungible token’, then it’s necessary to firstly try to understand what ‘fungible’ means, what a ‘token’ is, and what features distinguish a token as ‘fungible’ or ‘non-fungible’. First let us see what a ‘token’ is: A ‘token’ can be anything that is used to symbolize value, …
It is critical to make sure that the wealth you acquire is available to the beneficiary when the funds are needed to achieve an important life goal. For example, parents who establish an education fund for their kid’s college education must ensure that the money accumulated in the fund is conveniently available when the child starts …
We understand that bank fixed deposits (FDs) are vital for goal-driven investments since they assist in controlling reinvestment risk. Reinvestment risk is the chance that an investor won’t be able to invest back the cash flows from an investment—like interest or coupon payments—at a pace that matches their current rate of return on the investment. Investors …
I will start this blog article with the assumption that you are likely aware of the term ‘Systematic Investment Plan’ (SIP). Just to give a refresher for newbies, SIP is nothing but an investment strategy that allows you to invest a fixed small amount of money in mutual funds every month periodically, instead of lump-sum …
Let us first understand – ‘What are ULIPs’? Insurance plans are intended to assist people in achieving their long-term objectives. A Unit Linked Insurance Plan (ULIP or commonly known as ‘Ulip’) is a form of life insurance plan that brings together investment alongside coverage. It is the sort of insurance coverage that both enables investors preserve for long-term goals …
Do you spend hours crunching figures before making a big financial decision? Do you let spread-sheets define your route to financial success? Are you using a set of guidelines for navigating your personal finances? Or do you let sentiments and other non-financial factors influence your financial decisions? If you’re looking for a unique way to …
When it comes to investing, there are some important points that we need to keep in our mind. These are not the points to keep in mind only while investing or only while starting our investment journey, but should be remembered by us all along our investment journey (in fact all along our life). I …
We need to emphasize ourselves that it is critical to design a well-balanced financial plan to fund the higher education costs of children. In this blog, we will be discussing about how we shall save for our child’s higher education. Although higher-quality education has driven children’s fees to an all-time high in the last couple …
Everyone is focused on generating money in the modern world. The world is fuelled by money. The race is long and winding. The consequence is unknown to everyone. So, it’s critical to maximise efforts in order to create a joyful and tranquil living. And to do that, a solid financial foundation must be built. There …
The debate between “buying vs. renting a home” appears tedious. It is more an issue of decision and budget than of right or wrong. Owning a home is a major accomplishment, particularly among Indian households. If you have a reliable source of income, especially if you are married and both of you are employed, doing …