Introduction Bonds are investment products that fall under the fixed income asset class. They are instruments that allow the government or corporations to raise money publicly or privately for funding various projects. They pay interest rate (coupon rate) for the...

Introduction A credit score is a measure of one's creditworthiness. A higher credit score indicates a better ability to repay a loan. Additionally, it can get faster loan approvals, cheaper interest rates and better bargaining power. Whereas, a lower score...

What are growth funds? Growth funds are a type of mutual funds that invest in growth stocks. Growth funds aim to earn returns through capital appreciation than dividends. These funds majorly invest in companies with good revenue growth and proven...

Meaning of Nifty  The Nifty meaning is a derivation from the mix of two words, i.e. “National Stock Exchange” and “fifty”. It is an abbreviation of the National Stock Exchange Fifty. It is a collection of top performing 50 equity...

Introduction Section 80CCD is one of the popular sections after Section 80C with regards to tax deductions of the Income Tax Act, 1961. It covers the National Pension Scheme (NPS) and Atal Pension Yojana (APY). This deduction is available to...

What is TDS tax deducted at source? In the case of certain incomes, a tax is required to be deducted at source by the payer before making the payment. The rates have been specified under the income tax act under...

What is the professional tax? Professional tax is a tax that a state government levies on any individual who earns income through any medium. Unlike the name suggests, this tax is not just for professionals but for all individuals. The...

What exactly is a stock? Stock is security which represents ownership of a part of a company. It is also known as equity. The stockholder is entitled to the profits of the company. In other words, a stockholder is eligible...