DEFINITION of ‘Gilt Fund’ A mutual fund that invests in several different types of medium and long-term government securities. Gilt funds differ from bond funds because bond funds invest in corporate bonds, government securities, and money market instruments. Gilt funds stick to high quality-low risk debt, mainly government securities. Since gilt funds invest only in
Freehold property can be defined as any estate which is “free from hold” of any entity besides the owner. Hence, the owner of such an estate enjoys free ownership for perpetuity and can use the land for any purposes however in accordance with the local regulations. Sale of a freehold property does not require consent
Equity dilution refers to the cut down in the stock holding of shareholders in relative terms of a particular company, usually a startup, whenever an offering for new shares is made whether through an IPO, FPO or private equity. The valuation of a company increases whenever more money comes in as a form of investment
When used responsibly, a credit card can be a beneficial financial tool. Making regular credit card payments can help improve your credit rating, and some credit cards even offer airline miles or cash rewards for purchases. But if credit card spending gets out of control, monthly payments and accumulated interest can become a problem.
An agreement of sale constitutes the terms and conditions of sale of a property by the seller to the buyer. These terms and conditions include the amount at which it is to be sold and the future date of full payment. Being an important document in the sale transaction, it enables the process of
Atal Pension Yojana or APJ, promoted by Govt. of India recently, is a pension scheme towards retirement benefits, after the age of 60. An individual within the age group of 18 years to 40 years currently can avail this scheme by contributing Rs.42/- to Rs.210/- monthly (18 years age slab), till the age of 60
A deliberate downward adjustment to the value of a country’s currency, relative to another currency, group of currencies or standard. Devaluation is a monetary policy tool of countries that have a fixed exchange rate or semi-fixed exchange rate. It is often confused with depreciation, and is in contrast to revaluation. Devaluating a currency is
Comparing Sukanya Samriddhi Yojana (SSY) with investing in the PPF and fixed deposits for your little daughter’s education or marriage? The SSY is more attractive than the PPF because it offers a higher interest rate. The interest rate of the SSY is also linked to the government bond yield. While the PPF offers 25 basis