Anyone who has often found time to listen to and follow financial news has probably heard often of mutual funds and knows the stock market sector has risen steadily for almost 20 years. To cut it short, by most measures we can see that the stock market has made most people more money, doing it in a more reliable and comfortable manner, than any other investment you can think of or imagine for the past 75 years and as a result of this facts anyone who wishes to accumulate wealth must think of...
While many of us want to start investing in mutual funds, the large number of options available often makes the process confusing. No matter if you are looking to invest in Index Funds, debt funds, or tax-saving funds, the tips mentioned in this post are sure to help every new MF investor.   The financial services sector in India is now flooded with AMCs offering many different types of mutual funds. The extensive range of options often makes it confusing for a new investor to pick a...
It is important for any investor to make sound investment decisions in order to effectively realize positive returns. Access to reliable, timely and accurate information is essential for investors because it is this information that facilitates sound decision making. In the past, Canadian investors faced a myriad of challenges especially when trying to search and analyze public disclosure information. However, this is no longer the case because thanks to technology, InvestorX has simplified the...
Growth in computer knowledge has rapidly expanded during the last two decades coupled with reduction in the cost of computers in the market, has make it easy for bank to communicate, interchange information and knowledge more easily and efficiently. The introduction of computers in the banking sector has changed the operational system of banks from branch and paper work to the digital and network banking system. From the management to the accounting sector, computers have come as a tool to...
I have come across many youths, students, friends and even relatives whom out of curiosity approached me with this question; I have a great business idea, a vision but I don’t have capital to get started, how can I then start a business without money? With strike curiosity, trying to get the best response to this question, I have read almost every article on the internet but I could not get one that provides satisfactory response to this request. I even had to watch TV talks on this...
FRAUD PREVENTION MEASURES IN BANKS AND OTHER FINANCIAL HOUSES Given that fraud is a criminal act that has a negative impact both to the financial institute and to the general public as it can reduce the income of a country if not controlled. The government has forward a couple of measures to protect public funds. There has been the creation of the Uniform Commercial Code (UCC) put in place in order to serve as a regulator and to define the accountabilities of counterparties when carrying...
With the advancement of technology the banks saw mobile banking as a solution to lower the cost of handling customer’s transaction as they often visit the bank. Mobile banking is done with the mobile phone with the help of an app which is offered by the financial institute. A number of services can be done through the mobile phone like verifying the account balance, fund transfer between the customer account and another customer’s account and electronic bill payment. Challenges...
Whether fraud occurs to an individual or to the government, the perpetrator can be sued. The material on which the fraud is been performed could be in monetary  terms or other benefits such as illegally gaining a driver’s license and even obtaining a mortgage with the help of wrong documents. Fraud also occurs at the level of institutions such as the banks. Some common bank frauds include; Kitting of checks This is a kind of bank fraud in which the bank makes use of funds that do...
Investing in rental property is a good business although it is tough. Real estate is a twisting business as it may experience recession. You need to know what you are getting in to. It is one of the most secured and fastest ways of making money. When thinking of investing in rental business, several factors come into play; you need to decide if your property is a family residence a business center, offices, or storage centers. Depending on your choice and the area, you may have rental property...
The word investment is quite popular and frequently used in virtually every aspect of society, be it at the micro and macro levels. Meet even a person who has never taken up formal training in the most remote and informal sector of every country and bring the subject of investment on the table and you will hear the views of such a fellow on the subject of investment. This is as a result of the significance attached to the subject. And it is as a result of this that the word investment has taken...
Retirement plans have become an important part of a person’s future planning. Right from the time, someone gets a well-paying job, or when the family expands with the addition of children, people start planning the best way to secure their retirement phase. This is understandable considering that by the time they reach that stage, their children have become old enough to stand on their own feet and will have most probably set out to find their place in the world. Want Is A Retirement...
We all regardless our different background like to be rich and this is quite good a thing to desire. The opposite of rich is lack and a life of lack is quite deplorable from every extreme of it. A life of lack has far reaching consequences to living and deprives one from living a fulfilled life. Therefore to avoid the repercussions that come from wallowing in lack, every one of us irrespective of our social status must sit and map out strategies to use what we have to invest for the future. It...
Investing in mutual funds is quite an old concept, not considered as a traditional one though. However, lately, mutual funds have started to gain popularity as a reliable investment option. There are several financial institutions that offer promising growth in mutual funds. This article deals with the comparison of Birla Sunlife Mutual Fund and Axis Mutual Fund, in particular. What Do You Mean By Mutual Funds? At the onset, let us have an understanding of what do you mean by mutual funds....
Baroda Pioneer Asset Management Company Limited is a partnership formed by two of the best financial service providers. The prodigy firm is a venture between two large and historically established companies - Bank of Baroda and Pioneer Global Asset Management in the hope to reach out to a wide range of customers in India.   Since 2008, when this joint venture was formed, Baroda Pioneer Mutual Fund strives to provide an operational and service based platform that suits needs of their...


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