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[hfe_template id='11223'] [ad_1] Consider this scenario: you wake up one morning, feeling confident and in control of your financial future. You know exactly where your money is coming from, how it’s being spent, how much is being saved, and where it’s being invested. This isn't just a dream — it's a reality you can create by mastering the four pillars of personal finance. Whether you're just getting started or looking to improve your money management skills, knowing how to earn, spend, save, and invest effectively can change your financial life. We understand that taking the first steps towards managing your money can be overwhelming. However, as you delve deeper into personal finance, you'll discover that breaking it down into 4 fundamental pillars — earn, spend, save, and invest — can simplify the process, setting you on the path to financial independence. What is personal finance? Personal finance is the knowledge that equips you to make the right mon...

[hfe_template id='11223'] [ad_1] As the noise around whether Indian households are shifting savings away from low-cost bank deposits to higher-yielding mutual funds grows louder, a statistical exercise fails to show a clear correlation between the two. A time series analysis between mutual funds and bank deposits was conducted by Bank of Baroda economist Dipanwita Mazumdar using Granger causality test and Cointegration regression. The test results show no causality between mutual funds and bank deposits and the other way round as well. "Statistical exercises to show a causal relationship do not lead to concrete results. The variables are not cointegrated as well, under different iterations. A plausible explanation could be that the cycles of MF outweighing BD are transient, and a very recent phenomenon. Besides, both the variables have been growing albeit at differential rates," Mazumdar said. Statistical test results Granger Causality test from FY14-19 and FY2...