DSIJ Mindshare

If you have more than one credit card, you can transfer the balance amount outstanding on one credit card to another credit card. You may be required to exercise this option when you are faced with a financial emergency and are unable to pay up your credit card bill.

There are different types of mutual fund schemes available in the market and many investors are at a loss to decide which MF scheme to buy from the plethora of schemes. The difference in MF schemes primarily relates to their objectives and levels of risks involved in the underlying asset classes in which these schemes invest.

Mutual fund schemes come in two options: Direct and Regular. A retail investor may not know the difference between the two and hence may end up choosing the Regular plan, which will give the investor lower returns. The reason for the difference in returns between the two options is simple: Regular plan pays commission to the intermediary who has sold the scheme to the investor.