A plain guide to the everyday money terms: how a budget works, what an emergency fund is, how loans and EMIs work, what common insurance and tax words mean. Definitions and how things work, not personal advice.
What a mutual fund is, how NAV and units work, what a SIP is, what the expense ratio and plan types mean, and how to read a factsheet. Terms and mechanics only, with illustrative numbers.
An emergency fund is money set aside for unplanned costs. What counts as an emergency, how the size is commonly described, and what the money is kept for. General education, not personal advice.
NAV is the value of one unit of a mutual fund. How it is calculated, what a high or low NAV does and does not mean, and how many units an amount buys, with illustrative numbers.
What an EMI is made of, why interest takes the larger share early in a loan, and how tenure and rate change the total interest, with a worked example.
