AUM Explained: Full Form, Meaning & Calculation in Mutual Funds

If you’ve ever researched mutual funds, you might have come across the term AUM meaning Assets Under Management. Simply put, AUM is the total market value of all the assets that a mutual fund scheme manages on behalf of its investors. This includes stocks, bonds, cash and other securities.  Many investors often ask: ‘Is a …

Short-Term Vs Long-Term Fixed Deposits: Key Differences

One of the greatest features of a fixed deposit is its flexibility. Based on your monetary goals, you can either book a short-term FD or go for a long-term FD. This versatility makes it a suitable option when you are aiming to diversify your portfolio with a low-risk investment.  A long-term FD will help build …

Joint Bank Account: Steps, Process & Rules to Open Account

With a joint bank account, multiple individuals can manage finances jointly, which simplifies management and makes it easier to track spending. You can open a joint bank account online with anyone you prefer. It can be your parents, your spouse or your business partner.  With a joint account, you can save for common financial goals …

How to Open a Bank Account for Minors Online

If you’re wondering how to secure your child’s future, opening a minor account online is a simple and smart choice. A minor account opening online lets you build savings for your child’s education, dreams, and unexpected needs while teaching them about money management early on.   Many banks and financial institutions now offer convenient online processes …