If you are new to investing some of the terms used to describe investments can be quite alien to you. We have simplified 41 of these terms to make investing easier and more engaging for you. Asset Management Company (AMC):…
Hybrid Funds are a type of mutual fund that invests both in equity and debt in varying proportions. These funds use various combinations of debt and equity to provide investors with a regular income from their investments while mitigating risks….
WHAT IS CKYC? As per Ministry of Finance (MOF), CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India) is supposed to perform the record keeping as of CKYCR (Central KYC Records Registry). The body will be responsible…
WHAT IS PAN? The Permanent Account Number (PAN) is a unique code which is issued to all taxpayers in the country. With the help of a PAN, all the tax-related information is recorded against it for a single entity. A…
WHAT IS EPFO? The Employee Provident Fund Organization (EPFO) is a government body under the Ministry of Labour and Employment that manages and runs the Employee Provident Fund (EPF) service for people who are employed. Under this scheme, the employee…
WHAT IS UAN? The Universal Account Number (UAN) is an identification number assigned to both a person and his/her respective employer which enables both to contribute to the Employee Provident Fund (EPF). It is a 12- digit number issued by…
One of the common mistakes new investors make is trying to gauge the performance of the mutual fund by looking at its past performance. This method can be used to evaluate other investment vehicles but is not a good indicator…
Liquid Funds are debt funds that invest your money in very-short-term debt like treasury bills, call money and government securities. One of the main features of Liquid Funds is that they provide the investor with Capital Protection i.e. one of…
Equity Linked Saving Schemes (ELSS) are equity mutual funds that provide investors with tax benefits under Section 80C of the Income Tax Act, 1961. ELSS are diversified equity mutual funds that are required to allocate 80% of their assets towards…
Hybrid Funds are a type of Mutual Fund that invest in both equity and debt to provide investors capital appreciation and regular income. The Securities Exchange Board of India (SEBI) has made seven categories for Hybrid Funds. Hybrid Funds have…
Piggy is a next generation investment app that simplifies investments for you. It is an initiative started by a team of Ex-investment bankers and tech professionals to develop a product that makes investing easier and seamless for the regular investors.