What is One Time Mandate (OTM) in Mutual Funds?

With digital advancements, investing in mutual funds is now super easy. Whether you choose a Systematic Investment Plan (SIP) or a lump sum investment, making payments on time is important. However, remembering to pay every month can be difficult. It is time-consuming and may lead to missed investments. This is where One Time Mandate (OTM) …

What Are Solar Panels? All You Need to Know

Sun has always been a source of life for each living creature. Solar panels can harness the energy from the Sun, making home electricity cheaper, conserving power, or generating home electricity for homes that lack the utility grid. But for that, anybody interested in knowing how solar panels work and the pros and cons of …

Know About Sweep in Fixed Deposits and Their Benefits

While fixed deposits are a secure option to earn interest, you must pledge a significant amount for sizeable returns. This may restrict access to your savings, which may become a problem in case of emergencies. To solve this issue, banks introduced a sweep-in fixed deposit facility.  With this option, you can earn interest while maintaining …

Direct Mutual Fund: How To Get Started?

More and more investors are becoming aware of mutual funds as an option to grow their savings and wealth. However, it is not yet common knowledge that these funds can be invested differently. One such type of mutual fund is a direct mutual fund, which is quickly growing in popularity among investors.  Its outstanding benefit …

All you Need to Know About Step-Up SIP: Meaning and How Does it Work?

A Systematic Investment Plan is one way to avoid making a lump sum investment; instead, you can deposit a budget-friendly amount periodically. With time, your budget is sure to increase as your income grows. This is why understanding the meaning of Step-up SIP is crucial for financial planning.  With this kind of SIP, you can …

A Simple Beginners’ Guide to Invest in SIP

When you don’t want to invest a lump sum, then systematic investment plans (SIPs) can be your solution to investing small sums periodically. Mutual fund SIP investment options are considered one of the most popular investment schemes out there. The earlier you start, the better it is to build your wealth in the long run. …

Long-Term Mutual Fund Investment: Useful Strategies To Know

When you have a corpus of funds that do not need to be allocated towards upcoming expenses, investing them can be a smart option. However, you must have a good strategy that you can follow up with in the future. Putting a good long-term mutual funds strategy in place needs patience, homework and a disciplined …

Guide to Bank of Maharashtra FD Interest Rates

The Bank of Maharashtra offers diverse tenure options on FDs with competitive interest rates. While the Bank of Maharashtra FD rates are quite lucrative, they have a range of special tenures that come with higher rates as well. Just like any other bank FD, you can also get higher interest as a senior citizen. Read …

A Simple Guide to Union Bank Fixed Deposit Interest Rates

Union Bank is one of the leading government banks in India and offers a variety of services for customers, including the ability to book fixed deposits. Union Bank FD rates are assorted based on your investment tenure. Usually, you can get higher interest on a longer investment.  Knowing the rate of interest in Union Bank …

Understanding Green Deposits: How They Are Better Than Regular FDs?

As our lives get busier than ever, it becomes difficult to think about the planet and take steps to promote sustainability. This is where green deposits can provide you with a solution that is also doubly beneficial – the ability to earn high returns while ensuring your funds are invested in causes that further the …