Financial Glossary
Simple explanations of common financial terms. No jargon, just clarity.
All Terms
Fixed Deposit (FD)
Money locked with a bank for fixed returns.
Recurring Deposit (RD)
Monthly savings with fixed returns.
Public Provident Fund (PPF)
Government-backed 15-year savings with tax benefits.
Employee Provident Fund (EPF)
Retirement savings deducted from your salary.
Systematic Investment Plan (SIP)
Monthly investing in mutual funds.
Mutual Fund
Pooled money invested by a professional fund manager.
Index Fund
A mutual fund that tracks a market index like Nifty 50.
ELSS (Equity Linked Savings Scheme)
Tax-saving mutual fund with 3-year lock-in.
National Pension System (NPS)
Government retirement scheme with extra tax benefits.
Liquid Fund
Mutual fund for parking money short-term.
Emergency Fund
Money saved for unexpected expenses.
NAV (Net Asset Value)
Price per unit of a mutual fund.
Compounding
Earning returns on your returns.
Inflation
Rising prices that reduce your money's value.
Tax Saving (80C)
Investments that reduce your taxable income.
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