Scripbox scientifically and objectively shortlists ten MF schemes across various categories and invests your wealth in them
Most of the people struggle with money management as they are unaware of their investment choices and generally consider personal finance to be a dreary topic of discussion. However, whether one likes it or not, personal finance is an indispensable part of life. As the subject is not taught in most schools, people often turn to Google to learn about the basics of finance and investments.
Here are a few websites that you could look at to keep yourself educated and updated on personal finance.
Value Research: It is an independent mutual fund (MF) research house offering information and analysis through their website, magazines and books. They cover the capital market extensively and specialise in MFs, stocks and fixed income investment options. In India, Value Research is one of the leading sources of data on MFs. In fact, most leading financial newspapers, magazines and television channels regularly feature their personal finance content on Value Research.
You can use the website to compare performances of MF schemes and read about various investment strategies.
Scripbox: Choosing the right MF scheme from a range of over 8,000 options available can be quite daunting. Scripbox scientifically and objectively shortlists ten MF schemes across various categories and invests your wealth in them. Basically, they simplify the investment process by helping you invest through MF schemes in a disciplined manner.
The website also has an informative blog that features several articles on personal finance. The articles are short, topical and offer sensible and simple investment advice to people of all age groups.
Investopedia: This is one of the world’s largest financial education websites and is a storehouse of content and information on personal finance. The articles, which are written by financial experts and data scientists, offer timely and actionable investment advice for all kinds of investors. Each of their articles are accompanied with engaging videos, graphics and charts that help de-jargonise financial concepts for the lay investor. It also offers relevant content for experienced investors.
The Balance: Launched by about.com, The Balance is a relatively new website that features a collection of blog posts and articles on personal finance. Their content is mainly directed towards the millennial generation. It aims to offer clear and crisp advice to help people build a better relationship with their money. Their content is organised under the topics of personal finance, investing, money hacks, career advice and small business tips.
While you can refer to these websites to satiate curiosity on personal finance and other financial concepts, it is essential to consider a professional financial advisor before taking the first step towards investments.
MONEY KNOWLEDGE
- Scripbox scientifically and objectively shortlists ten MF schemes across various categories and invests your wealth in them.
- Investopedia articles are accompanied with engaging videos, graphics and charts that help de-jargonise financial concepts for the lay investor
The writer is senior fund manager – equities, BNP Paribas Mutual Fund
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