Tag: personal finance
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ULIPs vs. Mutual Funds: Which Are Best for Government Employees?
Choosing the right investment vehicle is crucial for securing your financial future. When it comes to ULIPs (Unit Linked Insurance Plans) and mutual funds, the decision can significantly impact your wealth creation and insurance coverage. Understanding ULIPs and Mutual Funds ULIPs (Unit Linked Insurance Plans): ULIPs combine life insurance and investment. A portion of the…
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A Mutual Fund Guide for Working professionals.
What Are Mutual Funds? Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. Each investor buys shares of the fund, and the money is managed by professional fund managers who make investment decisions on behalf of the investors. Key Terminology Types of…
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Understanding HRA: Simplifying Your House Rent Allowance Exemption
In today’s world, many salaried individuals live in rented accommodations. If you’re one of them, you might be aware of the House Rent Allowance (HRA) provided by your employer. However, understanding how much of your HRA is exempt from tax can be complex. That’s where the HRA calculator comes in! In this blog post, we’ll…