What is BO ID? Understanding Beneficiary Owner Identification in Demat Accounts

If you’re an investor in the stock market, you’ve likely encountered the term BO ID while managing your Demat account. A Beneficiary Owner Identification (BO ID) is a unique identifier…

What are the Differences Between Large-Cap, Mid-Cap, and Small-Cap Stocks?

Investors often categorize stocks based on the size of the companies they represent. These categories—large-cap, mid-cap, and small-cap—are based on market capitalization, which refers to the total value of a…

What are Open-Ended Mutual Funds? Benefits, Risks, and How They Work

Mutual funds are an excellent investment vehicle for individuals looking to grow their wealth. Among the various types of mutual funds, open-ended mutual funds are highly popular due to their…

Absolute Return vs CAGR: What’s the Difference?

Investors often encounter terms like Absolute Return and CAGR (Compound Annual Growth Rate) when evaluating their investments. While both metrics measure performance, they serve different purposes and provide unique insights.…

What are 5 Heads of Income? Explore Types of Income

In India, the Income Tax Act classifies income into five distinct categories known as the “Heads of Income.” These categories help individuals and organizations understand how their earnings are taxed.…

What is LRS (Liberalised Remittance Scheme)?

The Liberalised Remittance Scheme, or LRS, is a program introduced by the Reserve Bank of India (RBI). It allows individuals in India to send money abroad for specific purposes. This…

Understanding UPI: The Backbone of Digital Payments in India

Unified Payments Interface (UPI) has revolutionized the way Indians make payments. Launched in 2016 by the National Payments Corporation of India (NPCI), UPI is a real-time payment system that enables…

Best Cashback Credit Cards in India: A Detailed Overview

Credit cards offering cashback rewards are a popular choice among Indian consumers looking to maximize their savings on everyday expenses. These cards allow users to earn a percentage of their…

Google Pay ACE Credit Card: A Comprehensive Guide

The Google Pay ACE Credit Card, offered in partnership with Axis Bank, is a unique credit card designed for individuals who rely heavily on digital payments and transactions through Google…

Flipkart Axis Bank Credit Card: A Complete Guide

The Flipkart Axis Bank Credit Card is a highly rewarding credit card designed for frequent shoppers on Flipkart and its partner platforms. With attractive cashback offers and exclusive benefits, it…