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SIP

A Systematic Investment Plan (SIP) is a way to invest a fixed amount in a mutual fund at regular intervals, usually monthly, instead of a lump sum.

Mutual Fund

A mutual fund pools money from many investors and a professional manager invests it across stocks, bonds or other assets on their behalf.

PPF

The Public Provident Fund (PPF) is a government-backed savings scheme with a 15-year lock-in, tax-free interest and Section 80C tax deductions.

NPS

The National Pension System (NPS) is a government retirement scheme where you invest during your career to build a pension, with extra tax benefits.

EPF

The Employees' Provident Fund (EPF) is a retirement scheme where you and your employer each contribute 12% of your basic salary every month.

ELSS

An ELSS is a tax-saving equity mutual fund that qualifies for Section 80C and has just a three-year lock-in, the shortest of any 80C option.

NAV

Net Asset Value (NAV) is the per-unit price of a mutual fund: its total assets minus liabilities, divided by the number of units outstanding.

ETF

An Exchange-Traded Fund (ETF) is a basket of securities, often tracking an index, that trades on a stock exchange like a single share at low cost.

Index Fund

An index fund is a mutual fund that passively tracks a market index like the Nifty 50, aiming to match the market's return at a very low cost.

Compound Interest

Compound interest is interest earned on both your original money and the interest it has already earned, making savings grow faster over time.

Inflation

Inflation is the gradual rise in prices over time, which reduces the purchasing power of money, so the same amount buys less in the future.

CAGR

CAGR (Compound Annual Growth Rate) is the smoothed average yearly return of an investment over a period, as if it grew at a steady rate each year.