Concept of the Day
How to Reactivate a Dormant Bank Account in India
A savings or current account can become inoperative when it has not had a customer-initiated transaction for more than two years. You may then...
Emergency Fund vs Savings: What’s the Difference?
Emergency funds and regular savings may both involve setting money aside, but they do not necessarily serve the same purpose.
SEBI Investor defines saving as...
Where Should You Keep Your Emergency Fund? Best Options Explained
An emergency fund should be easy to access when an unexpected expense occurs.
You may need the money after a sudden loss of income, an...
How Much Emergency Fund Do You Need? A Simple Guide
There is no single emergency-fund amount that works for everyone.
A salaried employee with a stable income may have different needs from a freelancer whose...
What Is an Emergency Fund and Why Do You Need One?
What would happen if an unexpected medical bill arrived, your vehicle needed an urgent repair, or your income suddenly stopped?
Regular monthly expenses such as...
CAGR vs XIRR: What’s the Difference and Which One Should You Use?
CAGR and XIRR are both used to understand investment returns, but they are designed for different situations.
If you invest ₹1 lakh once and check...
What Is XIRR? Meaning, Formula and Why It Matters for SIP Investors
CAGR works well when you invest a lump sum once and leave it invested for several years.
But SIPs are different.
With a Systematic Investment Plan...
Absolute Return vs CAGR: What’s the Difference?
Suppose you invest ₹1 lakh, and after a few years your investment becomes ₹1.5 lakh.
You may say, “My investment gave a 50% return.”
That is...
What Is CAGR? Meaning, Formula and Examples Explained Simply
Suppose you invested ₹1 lakh, and after five years your investment became ₹1.5 lakh.
You know that your total gain is ₹50,000, or 50%. But...
What Is Diversification? Why It Matters in Investing
Imagine investing all your money in a single company or just one type of investment. If that company performs poorly or that asset class...