Guides
NCD (Non-Convertible Debentures)
NCD is a fixed-income debt paper issued by a company. In other words, the issuer agrees to pay a fixed interest on your investment.…
Guides
The basics, explained simply
Guides
House Rent Allowance (HRA)
House Rent Allowance or HRA as it is popularly known by any salaried individual has generally been a source of big tax saving tool.…
Guides
Credit Score (Applying for a Loan or Credit Card)
The Credit Score is derived from your credit history as detailed in the Credit Information Report [CIR] and ranges from 300 to 900 points.…
Guides
Equity Linked Savings Schemes (ELSS)
As the name suggests, an ELSS is a Mutual Fund scheme which invests at least 65% of its corpus in equity and equity linked…
Guides
Union Budget
Definition: According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is…
Guides
Net Worth
Definition: Net worth is the difference between the asset (market value of home, car, jewellery, fixed deposits, shares, mutual funds, insurance investments, other savings,…
Guides
What is OFS or Offer for Sale?
Recent example: Coal India offer on 30th Jan 2015 Offer for Sale (OFS) is another form of share sale, very much similar to Follow-On…
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