Debt Archive

What are Balanced Mutual Funds

                                 “Take a simple idea and take it seriously”: Charlie Munger Mutual funds, when taken in reference to this quote by Mr. Munger, become quite a boon for the passive investor. Simple products, with a diverse range of categories, that can be chosen on the basis of investment horizon, funds …

How to Curb Emotional Spending

Many of us reading this article love shopping. And why not, what’s the harm? It’s our or our parents or our spouses “hard earned money” which we are spending on ourselves or on things that give us happiness. We obviously have a right to do that. Isn’t it? Then where did this term “emotional spending” come from? Do you identify yourselves in any of these …

How to Take Loan Against Mutual Fund Unit?

There is no doubt that mutual funds are the current big thing when it comes to investments. From young earners to the pensioners, this interesting and well diversified product serves a purpose to all. Wealth has not only been created, but is also protected from the vicious income tax sections. It wouldn’t be too much to say that it is one product that can make everyone …

Understanding Credit Risk

The system of organized lending can never run out of risks. Be market, liquidity, credit, interest or operational, risk is inevitable for banks and other financial firms. Hence, a primary importance is given to risk profiling in all financial institutions. One of the omnipresent risks that have taken a toll on banks regularly is credit risk. In simplest terms, this risk can be defined as …

Whatsapp’s Digital Payment Service In India

Whatsapp is one of the best and fastest instant messaging service in India. Whatsapp was Cofounded by Brian Acton and Jan Koum in 2009. It has almost over 200 million users worldwide. Taking advantage of this vast amount of users and to increase capitalisation Whatsapp is now planning to launch it’s very own digital payment service, as per report by the Ken (Paywall). It is …

How a Credit Card Works?

A Credit Card is a small debt based financial product that can help you build credit, make suitable payments and meet everyday expenses in people life. Credit cards are financial tools issued by banks and other financial institutions that can save you money, allow you to make purchases, take cash advances, transfer balances from other accounts or completely ruin your finances, based on how you …

What is Dividend?

A performance of a stock and the company issuing it are judged on multiple technical factors, out of which dividend has a major role. An investment pleasure for equity holders, dividends are rewards of loyalty that a company grants to its stakeholders. If a stock regularly provides dividend to its customers, it is regarded far better than its competition. It is a very tangible return on …

What is Bankruptcy?

Bankruptcy is a legal status that works like a crash helmet for individuals/businesses that have a difficulty in serving their debt. It involves consumers and businesses to repay some or all outstanding debts to creditors under the protection of the federal bankruptcy court. Bankruptcy is the way of clearing debts which you can’t pay. If you can provide evidence that you are entitled to it …