Before Money was introduced into human culture, the only way to trade goods was through bartering. Barter system relies on the principle of coincidence of wants; you hope that you will find someone that you need and who wants something that you have at the same place and at the same time.
The Origins of Currency – Part 1 Read More »
As the name suggests a “Liquid Fund” is a mutual fund that invests in Liquid Assets. These assets consist of instruments like Certificates of Deposits, T-Bills, Commercial Papers, Term Deposits and more. These instruments can directly be bought from the issuer or through secondary markets.
Why do Liquid Funds fall in Value? Read More »
The trending talk in the Life Insurance and Health Insurance industry is the “Force Majeure” clause. All insurances come with certain clauses. Some general ones are Insurable Interest, Indemnity, Subrogation, etc. There are hundreds of special clauses that are attached to a policy, and these may vary across different types of policies; For example, Marine Insurance might have clauses which might be very different from Life Insurance.
Force Majeure! Insurance and COVID Read More »
When I asked one of my friends If given a choice between taking one crore rupees or 1 rupee that doubles every day or the next 30 days, which would you choose? Those of you who haven’t heard about this might decide to take 1 crore today, many would choose instant gratification which is a normal emotional reaction that any human would have, and the same was with my friend he chose one crore. When I showed him the math of what happens to 1 rupee over 30 days, he was astonished.
If it’s Finance, it has to start with Compounding! Read More »
