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Debt Funds – Meaning, Types & its Advantages

In this article, we will first answer the question, what is debt fund. After understanding the meaning of debt mutual funds,we will look at the type of debt funds and the benefits of debt funds. What is debt fund? Debt funds are mutual funds that invest in fixed income instruments like treasury bills, government securities, money market instruments, and so on. Debt mutual funds are less volatile and hence less risky than equity mutual funds. Types of debt funds Now that we have seenwhat is debt fund andhave an idea about the meaning of debt funds, we will take a...more
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Different Types of Investment in India

As the old saying goes, make the hay while the sun shines. This saying captures the essence of why investment is essential. Earning money is great, but unless you invest the money and let it grow, you won't be in a position to save for a rainy day. Investment is also important to help you realise your financial goals and secure your future. So you have to let the money do the work for you and not allow the funds to sit idly in your bank account. Importance of investment lies in the fact that it can help you to...more
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First Woman Finance Minister of India

Narendra Modi’s prime ministerial campaign, where he promised to turn the slumping economy around, struck a chord with a nation grappling with a range of fiscal issues. The electorate showed that it has lost its faith in the PM, with a spectacular and unprecedented mandate that brought the Modi government back to power. After the emphatic victory, the PM did not waste any time in forming the new government. There were some new faces in the government, but one of the most unanticipated changes was the candidate for the position of finance minister. The PM handed over the Finance Ministry...more
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Budget 2019 Expectations: 5 Important Expectations from the Forthcoming Full Union Budget 2019

Amidst speculations and heated debates on the country’s economic priorities, India’s first female Finance Minister, Nirmala Sitharaman will present the full Union Budget on July 5. As part of preparations for the impending action, the new finance minister held a pre-budget consultation meeting with stakeholders from industry, services and trade. Notably, unprecedented high unemployment and sluggish GDP growth have posed great challenges to the Indian economy in recent years. While issues plaguing the economy are most anticipated to become top priorities in Budget 2019, experts list the top five expectations from the awaited financial plan. 1. Tax Reforms Piyush Goyal,...more
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Union Budget Expectations under Modi 2.0

Mrs Nirmala Sitharaman will be creating history on July 5, 2019, as she is poised to become the first female Finance Minister to present the Union Budget. Of all the cabinet ministers of India, Mrs Sitharaman is the cynosure of all eyes because of the expectations from Budget 2019. Every Indian citizen has high hopes from the Modi 2.0 government. The Indian economy is not in perfect shape with the rising prices of oil and the mounting NPAs in the banking sector. The NBFC crisis is a significant issue that requires immediate correction. Taxation rates have not seen a reasonable...more
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What is the eligibility criteria for registrations under GST?

Section 22 to Section 30 of the CGST Act, 2017 deals with the registration by the every supplier of goods and services. Please find below note on registration under GST with effect from 1st April 2019. 1. Every person exclusively engaged in supply of services and whose aggregate turnover exceeds Rs. 10 lakhs in case of the States of Manipur, Mizoram, Nagaland and Tripura and whose aggregate turnover exceeds Rs. 20 lakhs for rest of States, shall be liable to be registered under this act in the state or union territory, from where he makes of taxable supply of goods...more
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What is Union Budget and Important Documents of Union Budget

What do you mean by budget? A budget approximates the income and expenses over a specified time. Budgets can be made for a government, a country, a company, a family and about anything or anyone that earns and spends money. It is compiled and re-estimated periodically. The budget meaning explained is only a generic one. Since we have the introduction of the budget, there is not much of a difference between the meaning of Government budget and union budget definition Meaning of Government Budget A Government budget is an annual financial statement that summaries the estimates of revenue and expenses...more
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Different Types of Home Loan in India

What is a Home Loan? A home loan is a specified amount of money that an individual is eligible to borrow from a bank or any financial institution at a stipulated rate of interest to be paid via easy monthly installments (EMIs) every month. There are different types of home loans available, but the one most appropriate for you should always be considered with respect to the interest rate, repayment structure, time frame, and other aspects involved. Let us take a look at some of the types of home loans in India : • Purchase of Residential Property: considered to...more
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What is an Education Loan and its Benefits?

Choosing the right career option is a big challenge for many students. But so is the problem to sort out the finances. Not many have the privilege of funding their higher education on their own, and that’s where a student education loan steps in. Whether you want to pursue a MBA in the best business school in the US or a degree in law in India, an education loan is an answer to all your worries. We will explain the process of obtaining an education loan in India within this article. What is an education loan? Before we talk about...more
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How to Plan for Your Child’s Education

One of the constant worries that plagues the mind of every parent is how to plan for child education. With the rising cost of living and sky-high inflation rates, it is natural for every parent to start planning to ensure that their child (or children) has (or have) the best opportunities for education. Set out for you is a step-by-step guide for you so that you can come up with the best child education plan. The importance of education can never be underestimated and even with limited finances, it is possible to provide quality education. Child Education Steps 1. Start...more
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