Posts Tagged: my pocket

Your Money

What is a Debit Card: A-Z Guide To Elevate Your Finances

In this modern era of digital transactions, debit cards have become an essential tool for managing your finances. They offer convenience, security, and control over your spending. If you're new to the world of debit cards or simply want to understand them better, you're in the right place! In this article, we'll explore the ins and outs of debit cards. So, let's dive in.

Your Money

Tata AIA Life Insurance Review: Is the Tata brand worth it?

The Indian Insurance market is one of the world's insurance marketplaces with the quickest growth. The industry is estimated to grow at a CAGR of 12% over the next five years. Gross written premiums (GWP) in the Indian insurance sector increased from US$ 230.7 billion in 2021 to US$ 255.4 billion in 2022. This indicates an 11.4% growth rate. In the upcoming years, it is anticipated that the Indian insurance business will continue to expand quickly. The Indian insurance sector is expected to create a GWP of US$ 330 billion by 2023 and US$ 500 billion by 2025, according to the Insurance Regulatory and Development Authority of India (IRDAI).

Your Money

Card Insider Review: Analysing The Card Select'ing Platform

In India, the number of credit card users as of June 2023 stands at 8.5 crore. Even while this number has been slowly increasing in recent years and is anticipated to do so in the years to come, India still has a low credit card penetration rate, with only about 3% of the population owning one. In comparison, credit card penetration is significantly higher in other developed nations. For instance, the penetration rate of credit cards is over 60% in the United States. A variety of factors cause the low credit card penetration in India. One explanation is that the population of India is less wealthy and younger than that of developed nations. Another reason is that there is a lack of awareness about credit cards in India.

Your Money

Planning to invest in gold? Here's how you can get the best returns.

If you are familiar with the stock market, you must be no stranger to the market’s volatility over the year. Global economic turmoil and uncertainty in the stock market have led to multiple investors relocating their portfolios into alternative asset classes like gold. Many experienced investors like Nikhil Kamath of Zerodha have started allocating 20% of their portfolio to gold. Why is everyone bullish about gold this year?

Your Money

Debunking common UPI ID myths

Picture this- In the scorching heat, you crave a glass of ice-cold lemonade, but your wallet is as dry as the Sahara. The struggle is real, my friend. Hold on tight! You and the lemonade seller both embrace UPI. So, with a quick click on your phone, you enter the seller's UPI ID, and just like that, your thirst is quenched, and the seller has also received his payment. UPI to the rescue, making cashless refreshments a breeze! With a unique UPI ID, users can enjoy instant transfers, easy usability, multiple account management, secure transactions, and wide acceptance.

Your Money

IDFC FIRST WOW! Credit Card Review

Travel credit cards have become an essential accessory for frequent travellers, making travel more affordable and rewarding. These credit cards provide various benefits for travel-related expenses. With the right card, travellers can accumulate reward points quickly and redeem them for free or discounted travel, hotel stays, and more.

Your Money

LIC Pension Plan: Don’t go broke at 60!

We go through multiple phases in our lives in terms of income and wealth. It all begins when we start actively earning money, have the freedom to spend as much as we want and rarely give any thought to our spending. However, as we become older, we tend to start accumulating wealth as we invest.

Your Money

Health Insurance Plans for Family: Is Your Family Safe?

A family's health is their most important asset. Along with providing facilities such as education and security, ensuring access to quality healthcare is a top priority for any responsible parent. Imagine a family with three children, where the father works long hours as an IT consultant, and the mother stays home to care for the kids. One day, the eldest child falls sick and needs to be hospitalised for a week. The medical bills pile up, and the parents realise they struggle to pay for their child's treatment. In such a scenario, the family ends up wishing they had taken a family health insurance plan earlier. It would have eased their financial burden and given them peace of mind.

Your Money

Home loan interest rates: Pay for a house, not a coffin!

Home is more than just a building constructed of bricks, cement, or other basic building materials; it is a place where one's heart belongs. Everyone has a desire to own a home at least once in their lifetime. Owning your own home is definitely something you want to do once you start making money.

Your Money

Pradhan Mantri Jan Dhan Yojana: Is it for you?

Pradhan Mantri Jan Dhan Yojana(PMJDY) is a scheme launched by the Ministry of Finance in 2014. It aims for each and every citizen to become saksham in accessing financial services like remittance, insurance, and pension. Account holders can also avail of credit, like taking loans for various purposes, saving and deposit services. Its major focus is on the poor population of both urban and rural regions. This is because underprivileged people, especially those below the poverty line, are unable to open bank accounts. If they still open the accounts, they find it difficult to maintain them.

Your Money

Types of Bank Accounts in India: You're missing out on benefits!

Welcome to the world of banking, where your money can grow and multiply in ways you never thought possible! In India, there are different types of bank accounts available to cater to the diverse financial needs of individuals and businesses. Whether you're a businessman like Raju or a salaried person like Rohit, choosing the right type of account can make all the difference in achieving your financial goals.

Mutual Funds

Axis Bluechip Fund Review: Does High Risk always mean High Rewards?

Investing in mutual funds has become a popular way for individuals to grow their wealth over time. Bluechip funds, like MS Dhoni of Cricket, are considered supreme in the mutual fund universe. They are known for their consistent performance, stability, and reliability, making them a trusted choice for investors seeking long-term wealth creation. One such bluechip fund that has been proving its mettle for a while now is the Axis Bluechip Fund.

Your Money

Budget Planning: Stop living from paycheck to paycheck!

Are you tired of constantly wondering where your money went at the end of the month? Do you find yourself unable to do things you desire because of unexpected expenses? If so, you're not alone. Many people struggle with managing their finances and end up living from paycheck to paycheck. But fear not, there is a solution - budgeting.

Investor's Psychology

Open High Open Low Trading: A Simple yet Effective Approach

Do you ever wonder how some investors profit from the stock market by trading securities for a day? Well, it's called intra-day trading, and it's not for the faint-hearted. This type of trading involves buying and selling securities on the same day to book profits. It's a high-risk, high-reward game that requires sound strategy. And that's where the open high-low trading strategy comes into play. This article will explore the ins and outs of this popular intra-day trading strategy and how you can potentially use it to boost your profits. So, fasten your seatbelt and prepare for an exciting journey into the world of open high-low trading.

Your Money

Pradhan Mantri Vaya Vandana Yojana: Secure Your Golden Years

Picture this: You've worked hard all your life, saved up for retirement, and are now ready to enjoy your golden years. However, you realize that your retirement savings are insufficient to support your lifestyle and care for your medical expenses. The thought of financial instability is daunting, and you start to worry about your future.

Your Money

RBI Sovereign Gold Bonds

Investors in India, take note! The clock is ticking as the fourth tranche of the Sovereign Gold Bond Program is now available for subscription, but only for a limited time. The Reserve Bank of India began accepting applications on March 6, 2023, with the subscription window scheduled to close on March 10, 2023. Act fast if you don't want to miss out on this opportunity to invest in SGBs!

Mutual Funds

Understanding NAV in Mutual Funds

Every sort of investor has a wide range of options when it comes to mutual funds. Investors with a high or low tolerance for risk can readily find mutual fund solutions that fit their needs. So how can investors choose the best form of fund that suits their demands when there are so many possibilities on the market?

Your Money

Car Loans: Eligibility, Documentation & Procedure

The process of purchasing a car can be exciting, but it can also be daunting, especially if you plan to take out a car loan. However, with the proper information and planning, the process can be simple. In this article, we will aim to analyse car loan eligibility, the process, and the tools available, such as NBFCs and a calculator, to support you in making informed decisions.

What is a Debit Card: A-Z Guide To Elevate Your Finances

Tata AIA Life Insurance Review: Is the Tata brand worth it?

Card Insider Review: Analysing The Card Select'ing Platform

Planning to invest in gold? Here's how you can get the best returns.

Debunking common UPI ID myths

IDFC FIRST WOW! Credit Card Review

LIC Pension Plan: Don’t go broke at 60!

Health Insurance Plans for Family: Is Your Family Safe?

Home loan interest rates: Pay for a house, not a coffin!

Pradhan Mantri Jan Dhan Yojana: Is it for you?

Types of Bank Accounts in India: You're missing out on benefits!

Axis Bluechip Fund Review: Does High Risk always mean High Rewards?

Budget Planning: Stop living from paycheck to paycheck!

Open High Open Low Trading: A Simple yet Effective Approach

Pradhan Mantri Vaya Vandana Yojana: Secure Your Golden Years

RBI Sovereign Gold Bonds

Understanding NAV in Mutual Funds

Car Loans: Eligibility, Documentation & Procedure

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