#WhatTheFinance – What Is The National Pension Scheme And How Does It Work?

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One of the great things about having a feedback page is that you get some great post ideas! I received a message from a reader asking me to break down the National Pension Scheme or the NPS. So without any further ado –

What is the National Pension Scheme?

The National Pension Scheme is a savings scheme wherein you can pay a certain amount of money into a pension account every month during the course of your working life. This money, in turn, will be invested on your behalf. When you reach retirement age (sixty years), the money becomes available to you, under certain conditions. Read More

#WhatTheFinance – A Basic Guide To BitCoin and CryptoCurrencies

There has been a lot of talk about bitcoin the past few months so I thought I’d write a basic guide to bitcoin and other cryptocurrencies. I did write a guide for TheNewsMinute last week, but I felt like I could go even more basic for the blog. A bit of a disclaimer though – I am not a tech person, so if there is something that I’ve misunderstood or if there’s something that you think I could have explained better, please point it out to me! So without further ado – Read More

#WhatTheFinance – What is a Balanced Investment Portfolio?

A Balanced Investment Portfolio is a selection of investments that is capable of both providing growth as well as mitigating risks. I promise you that figuring out a balanced portfolio (so important) isn’t as boring as you think it might be. 

Let’s begin at the very beginning. Your investment portfolio comprises all the investments that you possess or that you have made in your name thus far. I’m not talking just about shares – it can be Fixed Deposits, it can be Bonds, it can be Gold, it can be real estate. Essentially, anything and everything that you’ve set aside for retirement, a specific goal like a house or car, or a rainy day. Now that we know what a portfolio is, let’s get into risk, which is crucial for understanding how to get a Balanced Investment Portfolio.’ Read More

#WhatTheFinance – What is Equity?

There’s a great deal of fantastic financial advice from seasoned experts out there in the world, but the reason so many of us aren’t able to act on it is that experts generally tend to use technical terms or employ finance jargon. So when a finance expert says something like ‘you need to diversify your equity holdings’, the first question that pops into your head is what is equity, even? Read More

#WhatTheFinance: A Basic Introduction To Credit Cards

I was 18 when my father gave me my first credit card, an American Express add-on card that I could use only in the case of emergencies. I was very excited about that card – I even considered it to be my financial coming of age. Looking back, my American Express card was probably the worst card I could’ve had for “emergencies”, simply because not a single store accepted the card back then. Read More

#WhatTheFinance – What Are Mutual Funds?

In my previous post, I had written that I would write about calculating returns on Mutual Funds. However, I got comments asking for a basic guide to Mutual Funds, so I guess it would make more sense to talk about what Mutual Funds are, in greater detail, before I talked about calculating returns. I wrote a guide to Mutual Funds as part of my Rupee Rani  column, and I wanted to consolidate them, initially, but changed my mind. An overdose of information is likely to cause more confusion than provide clarity. Instead, I have broken down my guide to short posts, which I hope will be more clear. Read More