If you are contemplating investment in a mutual fund scheme, it is normal to examine its past returns. While looking at the trend of historical returns for a year or two usually can offer some insights, it often does not give a complete picture of how the scheme has fared over a period of time. … Read more
The importance of wealth creation extends far beyond individual prosperity – it’s a catalyst for societal progress and national development. As we embark on this journey, it’s crucial to understand why wealth matters and how it can be harnessed at every stage of life. However, the path to wealth creation varies across life stages, each … Read more
Before you decide to invest in a mutual fund scheme, it is advisable to monitor its performance over a long period of time, say since the scheme was launched. And remember when the money remains invested in a mutual fund scheme over a period of time, the returns in the later years are disproportionately higher … Read more
When you make an investment in a mutual fund scheme, the return grows at a rate faster in the later years than in the earlier years. This happens primarily because of compounding. The compounding is so potent a tool that it is euphemistically known as ‘magic’ by some. From Ben Graham to Warren Buffett, all … Read more
As a result, you should stay true to wealth creation instead of getting carried away with the flow. Here, we list out some of the key money lessons that each investor should be mindful of. In fiscal 2025, you may want to follow these money lessons to achieve your financial goals in the long term. … Read more
Avoiding financial mistakes early in life is crucial for building a secure financial future. By steering clear of common pitfalls, young adults can establish a solid foundation for their financial well-being. This means creating a budget to manage expenses, living within one’s means, and prioritizing savings, including emergency funds and retirement planning. Additionally, it’s essential … Read more