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 [...]
Entries from April 30th, 2008
Mutual Fund Myths
April 30th, 2008 1 Comment
Tags: elss · Mutual Fund · Myths · NAV · NFO · Sensex · tax benefit
Loan EMIs and Interest Calculations
April 17th, 2008 3 Comments
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 [...]
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