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Tax Calculator
A tax calculator is a digital tool that helps individuals or businesses estimate their tax liability based on their income, expenses, deductions, and applicable tax rates. It simplifies the process of calculating taxes by automating complex computations.
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FAQ
Frequently Asked Question
What is a mutual fund?
A mutual fund is a pooled investment vehicle that collects money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. It is managed by professional fund managers.
How do mutual funds work?
Investors buy units of a mutual fund, and their money is combined with others. The fund manager uses this pool to invest in various assets. Any gains or losses are distributed proportionally among the investors based on their units.
Are mutual funds safe?
Mutual funds are subject to market risks. However, the risk level varies depending on the type of fund. For example, equity funds are higher-risk, while debt funds are relatively safer.
Can I lose money in mutual funds?
Yes, mutual funds are linked to market performance, so there is a risk of loss. The extent of loss depends on the type of fund and market conditions.
What is the expense ratio?
The expense ratio is the annual fee charged by the mutual fund to manage your investments, expressed as a percentage of the fund's assets.