Shoonya

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About Shoonya

Life insurance is one of the most important financial decisions you can make for yourself and your loved ones. It can provide peace of mind, security, and protection in case of unforeseen events. But with so many options available in the market, how do you choose the best life insurance company for your needs. we have created a list of top life insurance companies in India based on their performance, product offerings and more. This could help you choose the best insurance company for your needs.

Difference Between Futures and Options: Meaning, Features, Types

Shoonya28 Feb, 2024Finance

How can you diversify your portfolio beyond stocks and mutual funds? Have you heard about Futures and options? They are two types of contracts that allow you to speculate on the future price movements of various assets, such as stocks, indices, commodities, currencies, and more. They also enable you to protect your investments from adverse price fluctuations by locking in a predetermined price and date for buying or selling the underlying asset. But what are the key difference between futures and options, futures and options example and which one should you choose?

What is SIP (Systematic Investment Plan): Meaning, Types, and Working

Shoonya30 Jan, 2024Finance

Do you want to invest in mutual funds but don’t have a lot of money or time? You need to know what is SIP. It’s a game-changer, allowing you to kick start mutual fund investments with as little as ?500. In this blog, we will understand what is SIP investment, what are benefits of sip, how sip works, what are the risks involved, what are the types of SIP, how it is taxed, and how to start SIP investment. SIP stands for Systematic Investment Plan. SIP investment is a smart, disciplined and convenient way of investing in mutual funds regularly. Instead of putting a lump sum amount all at once, you contribute a small sum every month. With SIP in mutual funds, you’re consistently putting that amount into your chosen stocks or mutual funds. It’s like making regular deposits into your investment account, regardless of whether the market is bullish or bearish.

What is a Standing Deposit Facility (SDF), SDF rate and How Does It Work?

Shoonya24 Jan, 2024Finance

SDF full form is Standing Deposit Facility (SDF) is a monetary policy tool introduced by the Reserve Bank of India (RBI) on April 8, 2022, to absorb excess liquidity from the banking system. SDF allows banks to temporarily deposit their surplus funds with the RBI without any collateral and earn an interest rate on it. However, why does our economy need a facility like SDF? In this blog, we will share all the basics surrounding the Standing Deposit facility, the SDF rate, and the need for SDF for liquidity management in the nation.

POMIS- Features and Benefits of Post Office Monthly Income Scheme

Shoonya26 Dec, 2023Finance

Are you searching for safer ways to invest and, thus, grow your money? You must consider the Post Office Monthly Income Scheme (POMIS). It is a safe monthly income scheme in the post office, which is backed by the Indian Finance Ministry. The Post Office Depository provides various savings schemes featuring fixed interest rates. One of the most lucrative options is the Post Office Monthly Income Scheme, boasting an interest rate of 7.4%, alongside other schemes like the Post Office Recurring Deposit, Post Office Savings Account and Post Office Time Deposit.