Moneyram

I got inspired to write this because of the question posted by a friend.
Joju says “Everywhere we see news and discussions about economic slowdown and credit crunch. Analysts say nobody (no banks, mutual funds, general public etc) has enough liquidity. Where have all the money disappeared?”
I would like to share my understanding here with a [...]

Don’t know what is a mutual fund? click here to find out.
A few myths about mutual funds.
Myth 1) While choosing between two MFs one should buy one with lower Net Asset Value(NAV).
NAV of a mutual fund depends on the duration for which the fund has been in existence and its performance. Rather than looking at [...]

Some banks are offering loan at 10% some at 11% and some at 12%. Most people think that this is the percentage of interest calculated yearly. After taking loans they get shocked when they see that two borrowers borrowing at same rate of interest of are paying different Equated Monthly Installments (EMIs). Well that is [...]

Maniram once told me:I have got five thousand rupees lying in my saving account earning a interest of 3-4%. I have heard that stock market gives better returns. I don’t have a demat account. I don’t know what stock to invest in. What should I do?
Sounds familiar?
Let us look at Maniram’s problem. He wants to [...]