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What Is Multi-State Cooperative Society?

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The Multi-State Cooperative Societies Bill received President’s assent on 3rd July 2002 and became known as The Multi-State Cooperative Societies Act 2002 (39 of 2002).In this write-up, we will learn about the Multi-State Cooperative Society. It is an Act to consolidate & amend the law relating to cooperative societies with objects not limited to one State and serving the interests of individuals in more than one State. It encourages the intentional development and majority rule working of co-agents as individuals and organizations dependent on self-improvement and shared guidance. The Act also empowers organizations to advance their monetary and social improvement.  Importance of Co-operative Societies Cooperative societies are the largest and most powerful social institutions in India. They have an enormous potential to change the face of Indian society. The joint movement has been a driving force behind many progressive and innovative initiatives in various fields such as ed...
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Insurance: The new gen savings account in financial planning

As a first step towards creating your financial plan, you need to identify your goals, their horizon, and your disposable income (income – expenses). Next, you need to allocate your disposable income to different investment avenues to create a fund for goal fulfillment. What is the difference between insurance and savings plan. A personal savings plan is  a plan for saving money that typically revolves around distinct financial goals . A comprehensive savings plan may include both short-term and long-term financial goals and is customized to your income, time horizon, and ability to save. Savings plans in insurance  offer you an opportunity to save and build a corpus to meet your future needs. These are designed to help policyholders develop regular savings habits, as well as give significant returns when they need them. In addition, savings plans offer insurance coverage, which means your family's financial needs are met even if you are not around to support them.   Savi...
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What are MUTUAL FUNDS?????

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INTRODUCTION Mutual Funds are professionally managed investment Vehicles. Practically one does not invest in mutual funds but invests through mutual funds.  Mutual funds are a platform to mobilize money from investors, to invest in different markets and securities, in line with the stated investment objectives. Through investing in a mutual fund, an investor can get access to equities, bonds, money market instruments, and/or other securities. Role of Mutual Funds The primary role of a mutual fund is to help investors in earning an income or build their wealth by investing in the opportunities available in securities markets. Mutual funds offer different kinds of schemes to cater to the need of diverse investors in the industry. The money that is raised from investors ultimately benefits governments, companies, and other entities directly or indirectly for funding various projects or paying for various expenses. The income they earn helps them buy goods and services offered by other...
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