Having the right and accurate financial information can be a game changer element in your personal as well as professional life, it not only helps individuals master their personal financial objectives but also helps them to be better capital allocators, financial controllers, financial managers, entrepreneurs, company owners.
Finance is such a powerful medium that, it performs an important role to operate, co-ordinate and control the various economic activities of the business enterprise.
Finance is essential for expansion, diversification, modernization, as well as for establishment of new projects.
The abbreviation SIP stands for Systematic Investment Plan, this is a type of investment which helps the investors save and grow the investors’ money over a period of time. SIP helps investors to invest small amounts of money on the regular basis instead of investing a large sum of money all at once. SIP primarily gives the benefit of the term Rupee Cost Averaging. SIP works on the foundation of this approach of Rupee Cost Averaging. Investing in SIP provides with the benefit of averaging out the costs of the investments without having to worry about the market conditions.
Mutual fund refers to a large pool of money invested in proportions, in the stock exchange by sound professional expert known as the finance manager.
Mutual funds are ideal for investors who either lack large sums for investment, or for those who do not have the time to research the market, yet want to grow their wealth. The money collected in mutual funds is invested by professional fund managers according to the scheme’s stated objective.
What Is Strategic Financial Management? Features Of Strategic Financial Management: The Key Components of Strategic Financial Management: Financial Planning: Strategic financial management involves recognising the financial goals and objectives of the business organisation and creating a plan of action to atain those goals. Investment: Making strategic long term investments, and appropriate allocation of funds, while … Read more
By understanding various financial terms and the mechanism in which it functions, one can reach great heights. Finance is a vast subject with several branches.