The expense ratio is the proportion of recurring expenses that a fund charges to its schemes year after year, and so the Expense Ratio is also known as Annual Recurring Expenses. This basket of charges comprises the fund management fee, agent commission, registrar fees and the selling and promotion expenses.
On the other hand virtual cards are being promoted by Banks specifically to address such fraudulent online transactions. These cards go one step even further in implementing online security. They are a one time use card. The user can generate this card online via a simple registration process several times during any given day with… Read More »
Once the lender takes control of the property, an independent valuation is conducted with the help of an independent chartered surveyor who fixes two values for the property. One is the market value of what the property is actually worth and another is termed as the distress value, which is around 15-20% lower than the… Read More »
Your partner may be under the false impression that not knowing the details of your family finances will reduce stress.That’s not the case. Explain to him/her that sharing knowledge and responsibility for your financial life reduces stress as it makes you ready for any situation that may arise when one is unable to operate.
The year 1957 saw the re emergence of Ford as the top selling brand with the sale of 1.68 million automobiles and the introduction of the Skyliner model with an all steel hardtop capable of changing into an open convertible at the touch of a button. An automatic folding mechanism retracted the top into the… Read More »
When planning is done for almost everything important things in life, why money be any different? One may argue that money is not an end in itself, so why bother about it. But definitely is an important tool to achieve our goals. For instance, an entrepreneur will be very relieved to realize that his savings… Read More »
The rapidly evolving banking systems have enabled credit cards emerge from a simple tool for cashless transactions to multiple types with different interest rates, fees and reward programs.
Whenever you make a timely payment of the outstanding amount, your credit rating, and consequently your credit score goes up. Similarly any delay or default in the payment, will downgrade your credit score. Your credit score is important as most lenders check out your credit score before approving your loan application. A high score will… Read More »
Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. The term collection agency is usually applied to third-party agencies, called such because they were not a party to the original contract. The creditor assigns accounts directly to such an agency on a contingency-fee… Read More »
The stock market fluctuates, that too when the overall economy is not that stable, it fluctuates a lot. This is true not only for India but across the world. Again this is true not only in our times, but in all known history. To fluctuate is one of the basic characteristics of the stock market.