What is a UPI ID? How to Create UPI ID?

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In a fast-paced world, transferring money also needs to be quick and easy. With the Unified Payments Interface (UPI) system and a UPI ID, making digital payments is easy, instant, and secure. But what is a UPI ID? It is a unique virtual address that acts as your financial identity for UPI payments. You can…

What is UPI Lite? Know All About It.

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In India’s fast-evolving banking sector, digital payment solutions are increasingly important. A key innovation is UPI Lite. But what is UPI Lite? It is an extension of the Unified Payments Interface (UPI) that enables users to make small-value transactions without internet connectivity. Developed by the National Payments Corporation of India (NPCI), UPI Lite aims to…

How to Create a UPI ID?

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In today’s digital world, it has become possible to transfer money within seconds thanks to UPI IDs. But, what is a UPI ID? It is a virtual payment address that allows you to transfer money between bank accounts in an instant, without the need to share bank details.  Understanding how to create a UPI ID…

What is AUM in Mutual Funds?

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Mutual funds are an ideal way to invest in your chosen instruments (debt/equity/hybrid, etc.) without opting for the securities directly. However, before you invest in mutual funds, it is crucial to understand all the metrics involved. One such metric is AUM, whose full form in mutual funds is Assets Under Management.  The AUM of a…

What is AMC in Mutual Funds?

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If you want to grow your wealth, mutual fund investments are a great option. However, before you invest, you must understand the entities that manage these funds. This is where an AMC (Full Form: Asset Management Company) comes into the picture.  An AMC is a professional entity responsible for managing investments in mutual funds. It…