5 Amazing Features An Accounting Software Offers You

Scores of companies – large, medium, small, startup, and industry veterans – have upgraded to accounting software over the past few years.

In fact, the adoption of accounting software in UK is at an all-time high, with uptake figures soaring through the roof after the pandemic made remote working the norm, rather than the exception. A lot of organizations experienced the convenience of accounting software in order to keep the ball rolling as people moved to remote working, but now that they’ve had a taste, nobody wants to go back to work without it.

Haven’t tried it yet? Here are 5 super-convenient features of accounting software in the UK that you’re missing out on

Quicker, easier data entry

No matter what your business is or what sector you operate in, making your own time and your team’s time go further, is typically something business owners would like to say. That’s because employees are paid for their time and therefore, time is literally money.

With free accounting software in the UK you and your team can simply snap receipts, bills, and invoices, upload them to the software, following which the software’s Optical Character Recognition technology takes over. The OCR tech extracts all key data from the scanned document and presents it as a digital data entry that can be edited or copy-pasted as desired.

In addition, you can link your business bank account to your accounting software to allow data to flow seamlessly from your business bank account to your books.

Error-free data

Automation in data entry ensures the elimination of errors at the data entry stage. Moreover, a copy of the source document is retained with the data entry for checking and reconciliation.

Additionally, the software is smart and able to flag up any errors or anomalies in your data. Moreover, duplicate data entries – which create havoc when trying to make balances tally – are automatically purged from the system.

Easy access

Departmental heads, company bosses, and indeed decision-makers in any organization must have access to updated books of accounts to make sound decisions: everyone agrees on this.

However, in the past, updated books still meant last week’s or last month’s data. While this probably wasn’t the best way to run things it worked while everyone did it. However, today, with free accounting software in the UK becoming increasingly popular, companies that do not work with data as of now, could be left behind.

Since UK accounting software with free trials can be accessed via your phone and data flows directly from your business bank account to your books, you can have live, on-the-go access with free UK accounting software. Now you and your team of decision-makers can make fully informed decisions at all times.

Anytime anywhere collaboration and expense approvals

Accountants and bookkeepers – or anyone in the organization who needs answers – can reach out to anyone in the organization at any time for clarification on specific line data.

Expense approval is at-a-click and company bosses can add tiers to the approvals process in a process of delegation of such duties as companies grow.

Business insights

One of the most useful things a business can have is someone who is able to tell them where their supply chain leaks are, how taxation will affect their profitability in the future, which of their clients are actually profitable, and so on. However, businesses rarely hire someone for such a job. What would he or she even be designated as? The insights manager? Even if such a role existed, it would be hard to beat a computer at it because of its ability to process millions of data points at once.

You can get a trial free with UK accounting software and verify if it really is as convenient as people say it is. What are you waiting for?


Know the difference between ETF & mutual funds

As consumers, we like to be spoilt for choices. Be it shopping online for shoes or online grocery shopping or buying a mutual fund scheme, the more options one has the better buying decision one can make. Yes, even with mutual funds one has a plethora of opportunities to choose from. But for someone new to the world of mutual fund investing, knowing that there are thousands of schemes to choose from can be a bit overwhelming. Although mutual funds are easy to invest in, multiple schemes almost possess similar traits and one may end up investing in a scheme that doesn’t align with their investment objective and their risk appetite. 

To avoid this, prospective investors can do some basic research, understand the different schemes available, seek professional consultation if necessary, watch some informational videos and then make an informed investment decision. 

If you have heard about ETFs and wondering how they are different from other mutual fund schemes, this article aims to understand the major differences between these two.

What is a mutual fund?

A mutual fund is an investment vehicle that pools financial resources from investors sharing a common investment objective and invests the sum accumulated across money market instruments and various asset classes. Mutual funds aim to generate capital appreciation through diversification and try to offer risk-adjusted returns over the long term. Investors can buy mutual fund units at their NAV which is determined at the end of the day.

What is an ETF?

Exchange Traded Funds or ETFs are open-ended schemes that predominantly invest in their underlying benchmarks. Their investment objective is to generate returns by mimicking the performance of their underlying index with minimal tracking error. These funds invest in the underlying securities in the same way as they are held in the underlying index. These funds follow a passive investment strategy and do not have the active participation of the fund manager.

Mutual funds v/s ETFs: What’s the difference?

ParticularsETFsMutual Funds
FlexibilityETFs are highly flexible in nature and can be traded at their current market value during live trading hoursMutual funds can be bought or sold by placing an order to the AMC based on the NAV which is determined at the end of the day
Expense ratioETFs do not need active management for their portfolio. They are passively managed funds where the fund manager reshuffles the portfolio from time to time so that the scheme is aligned in quantum with its underlying index. Since these are passive funds, they have a relatively low expense ratioMutual funds have designated fund managers that actively buy and sell securities to help the scheme achieve its investment objective. They actively buy and sell securities to leverage from the current market conditions and since these are actively managed funds, they have a high expense ratio as compared to ETFs
Lock in periodETFs do not have any lock in period because of which one can buy or sell them at any given timeNot all mutual funds come with lock-in period but some equity mutual funds like ELSS (Equity Linked Savings Scheme) come with a statutory lock-in period of three years

If you have decided whether you want to invest in mutual funds or ETFs, you can start your investment journey with SIP. Systematic Investment Plan (SIP) is an effective investment tool that allow investors to save and invest regularly. One can also refer to SIP calculator to calculate the total returns that they will earn by investing in mutual funds/ETFs at the end of their investment journey.


Ways to Cut Your Expenses and Save Money

When it comes down to it, household debt is a major concern for many families across the country. In the first quarter of 2021, household debt hit a record of $14.6 trillion in the United States, showing just how real of a challenge debt is for families especially right now. Paying off debt often means making some adjustments in your lifestyle so that you can pay off your balances, however, this process doesn’t have to be an incredibly painful one. With the advent of personal budgeting software and other tools to support your financial literacy, creating a plan and making the right spending choices will help you pay down your debt in no time. Check out some of these tips for cutting your expenses so that you save money and can put it towards paying off your debts.

  1. Keep Track of Your Spending Habits

If you’re looking to save money, the first and best place to start is to make sure you have a thorough understanding of your spending habits. In order to do this, gather all of your credit card statements, debit transactions, bill payments, cash withdrawal receipts, and any other record of your spending. When going through your expenses make sure you’re considering sub-categories as well. Don’t just look at how much money you’re spending on coffee every day, but how much you’re spending on food outside of what you cook. This will help you get a realistic depiction of your spending habits so you know where to make some cuts.

  1. Budget Planning

Sadly, most people don’t have the luxury to just spend with abandon and buy whatever they want. When your paycheck rolls in, it’s so important to have a pre-existing plan of where that money will go so that you’re not tempted to overspend when the cash influx happens. In order to make a proper monthly budget, there are tons of amazing budgeting software tools that you can use. Check online for personal budgeting software, budgeting templates, and useful budgeting apps. Some of these even include incentive plans for when you stick by your budget and achieve long-term goals, so make sure you do some brainstorming to find the right motivations for your needs.

  1. Reduce Home Expenses

When you’re looking to save on bills, it’s important to not only evaluate your spending habits but also your living situation. For example, what are your common practices when it comes to electricity? Are you leaving the lights on? Running the AC all night? Keeping unnecessary electronics plugged in and operating? Cutting down on electricity bills can be a huge help in saving money to pay off debts.

It’s also important to make sure you’re properly evaluating the amount of your income going towards housing. The recommended amount by financial advisors is that 30% of pre-tax income should be geared towards housing. If you’re finding that number is grossly below your monthly housing bills, then maybe it’s time to re-evaluate some of those larger home expenses.

  1. Re-Consider Subscriptions

When you’re reviewing your monthly budget plan and group everything into sub-categories, make sure to pay close attention to the amount of money you’re spending on subscription services. Things like media streaming such as Netflix, Amazon Prime, Patreon memberships, food box subscriptions, and anything that you pay on a monthly basis that isn’t a necessity. When you’re looking to make cuts, take a hard look at these subscription services and maybe even do some ranking in terms of most useful to least useful. We often sign up for subscription services and then forget about them until the bills roll around, so it’s important to be thoughtful of what you’re paying for on a regular basis.

  1. Cut the Take-Out

One of the largest expenses that many people incur when it comes to monthly budgeting is eating out and take-out meals. For those who live busy and active lives, finding the time to cook multiple meals a day can be challenging, and grabbing something from a café or restaurant just seems like the easiest option. If you’re looking to save money, however, then these expenses will definitely be a huge obstacle to saving. Instead of just resigning yourself to spending hours a day working in the kitchen to cut costs, try looking for some alternative solutions. For many people, meal prepping is a great option to make sure you have quick and affordable meals on hand throughout the week. Also, depending on how much money you’re regularly spending, a meal kit delivery service might actually save you money in the long run as well.

  1. Pay With Cash

These days, it’s so easy to just tap and walk out of the store. Most people barely even look at their total expenditures anymore! Unfortunately, this mindset is not very conducive to conscious spending and can make it that much more difficult to track where your money is going. Instead of using your debit and visa card for everything, try using cash for your daily spending. This will allow you to tangibly see how much money you’re spending, and easily count how much of your budgeted amount is left.


Personal Finance Woes: Should You Hire an Accountant for Personal Finances?

While businesses are required by law to maintain financial books and records, individuals are not. However, not doing so is more likely to hurt you from an economic and tax perspective.

There are various reasons behind this, like incorrect credit card statements, due bills that may hurt your credit score, and overlooking some tax benefits. Therefore, it makes sense to keep track of your finances, and this is where a professional accountant comes into the picture.

On the other hand, hiring an accountant for personal finances might appear as an unnecessary expense. In the UK, failure to file a tax return attracts a penalty of at least £100, which professional accounting services can help avoid. Moreover, they will often save you more money than the cost of hiring them.

The best practice would be to find out more information about the accountant or accounting service provider to see how they can benefit you in managing your finances.

For example, if you’re in Newcastle-upon-Tyne, you can look up accounting for individuals in Newcastle-upon-Tyne and check for yourself the range of services offered. However, if you’re still in a dilemma, here’s a primer article to help you decide.

Why Should You Hire an Accountant?

HM Revenue and Customs (HMRC) has set the deadline for self-assessment on October 5th, 2021, with paper tax returns and online tax returns set for October 31st, 2021, and January 31st, 2022, respectively. This means tax season is here and according to IRS reports the error rate for paper tax returns is astonishingly high at 21%.

It is often caused by overlooked details because of the complexity of tax laws. A trained accountant or accounting firm should be able to spot and address these small overlooked details.

Additionally, if you are an individual who falls in a higher salary bracket, an accountant will prove beneficial since your taxes will be higher. The UK has an Alternative Minimum Tax method, which ensures that higher-income individuals are taxed fairly compared to middle and lower-income households.

That means there are more tax deductions and rebates available to higher-income groups. An accountant would help you find these tax deductions, especially if you have multiple sources of income.

Apart from these, a dedicated accountant or accounting firm will also help you through an audit, major financial decisions, and achieve financial goals realistically.

Who Should You Hire?

Now that you know how crucial it is to manage your finances and have a financial advisor, you must know about various financial experts based on your requirements. Here are some professionals whom you can hire.


A bookkeeper is a professional that offers concierge personal finance services. These may include maintaining your financial records like balancing your checkbook or looking over your credit card statements. Typically a bookkeeper may or may not have special training, and as such, they are more affordable.


An accountant is more qualified than a bookkeeper as they have a college degree in accounting and required training for financial accounting and bookkeeping. For this reason, they charge more than a bookkeeper.

Certified Public Accountant (CPA)

A CPA is a finance professional with a college degree, a master’s degree in accounting, and certification from Certified Public Accountant Professional or CPA Professional UK (CPAPRO) or similar professional bodies. Most CPAs offer both accounting expertise and bookkeeping but delegate the latter to an employee in their firm. These experts are considerably more expensive than an individual bookkeeper or accountant.

Accounting Firms

Lastly, accounting firms offer a range of accounting services for a reasonable hourly or monthly charge. These accounting firms have a team of experts equipped with the knowledge to deal with whatever accounting service you may need.

These services include bookkeeping, self-assessment tax returns, tax planning, CIS returns, asset management, and more. Therefore, individuals can decide what accounting service they need help with and get focused expertise in that department.

Moreover, accounting firms typically have a team of experts with years of experience and skills. There are dedicated accountants to deal with a particular accounting service who do the same task day in and day out. For example, they will have dedicated bookkeepers, tax planners, and asset managers, to name a few. Therefore, you get expert advice and assistance, no matter which service you avail.

The takeaway here is that while hiring an expert for managing your finances might seem like an additional expense, it’ll save you more money in the long run. However, make sure to keep your finances separate from the accounting of any business you might own. For best results, integrate the personal accounting cost into the household budget.


6 Tips and Tricks For Leverage Trading In Crypto

After hearing so much about cryptocurrency in the news or social media, it is easy for people to get allured. But most people who are just starting out in the digital currency world don’t have enough capital. If that’s the case, then you might’ve heard about leverage trading in crypto. If not, then this blog will tell you everything about leverage trading crypto.

Leverage trading has become increasingly prevalent in the Crypto exchange markets. This tendency can be seen in the similar expansion of brokerage platforms that allow investors to trade with leverage. In addition, current and significant exchanges have lately changed their platforms to include it, or expanded their leverage allowance to match the rising demand.

What is Leverage Trading?

Leverage trading is also known as margin trading that entails borrowing funds in order to increase potential returns while trading bitcoin. When you trade with leverage, you have more purchasing power and can start positions that are much bigger than your current account balance.

Tips and Tricks For Leverage Trading Crypto

Now understanding leverage trading crypto can be a little overwhelming for anyone. Before dipping your toes in it, it is better to know more about leverage trading crypto. Here are some tips and tricks that might benefit you.

1. Always Start Small

A common mistake that investors make while trying their hands in leverage trading in crypto is to put in a tremendous amount of money with no knowledge. This is not the right approach. Recognizing the hazards of leveraged crypto trading and beginning small is the best approach to get started. Do not dive in headfirst. Keep your portfolio to a bare minimum.

2. Have A Game Plan

Without a plan, you’ll eventually lose in the crypto market. So always make a plan, as margin trading is a risky business. So it is advisable to consider all the pros and cons beforehand. Giving a significant amount of time on studying the market regulations can be really helpful.

3. Try Hand in Spot Market

You might have heard about the spot market which is nothing but the market where one can easily sell and buy assets. The point is the chart of the spot market is consistent and can be of significant benefit to learn more about leverage trading. Once you start making a constant profit in the spot market, you can try leveraging crypto.

4. Protect Your Capital

It is hard for people to resist the crypto market when they make early profits which can then lead to losses. So it is crucial to protect your capital at any cost. It’s important to make gains on successful transactions as you move along. Always take profits if you’re investing in leverage and assessing risk to benefit.

5. Quality Over Quantity

Always go for quality over quantity. This is a keynote. The desire to constantly trade is a common error by Crypto leverage traders. In margin trading, pursuing the market amid difficult conditions is not really a good idea. Always go with deals that have a fair chance of winning rather than losing.

6. Manage Risk

In trading, neither certainty exists, nor exists any assurance. As a result, risk management is critical for mitigating loss. Fundamental analysis is a powerful tool for reading price activity and determining the strategy.

That’s it! As of now, you are aware of what leverage trading crypto is and tips to get the most out of it. It is wise to learn all about cryptocurrency before dipping your toes into it, as it will help you make a profit and cut losses.


Everything you Need to Know About Bihar Student Credit Card

Credit cards are innovative tools that allow you to spend money that you might not have in your savings account. This expenditure is made possible due to a line of credit extended by the lender based on the understanding that you will repay the borrowed funds with interest in addition to other fees associated with the usage of the credit card.

Credit cards come in handy for all but are of particular use for young people who are students. This is due to a number of reasons, the primary of which is that they are suddenly faced with a multitude of expenses that they might have to pay for themselves.

Education Is one key expense which is why student credit cards are nifty and viable purchases.

Understanding the Bihar Student Credit Card Scheme

The government of Bihar was able to recognize the expenses associated with education that young people faced which is why they launched the Bihar Student Credit Card scheme in 2016.

This scheme makes credit cards available to students seeking to pursue higher education by providing them with financial assistance made available by credit cards.

The scheme operates on the understanding that the government will provide an education loan that amounts to up to INR 4 Lakhs for students who have successfully completed their academics till up to grade 12.

What is particularly enticing is the fact that the interest applicable on the loaned money amounts to 0 percent!

Bihar Student Credit Card – Apply Online

Bihar Student credit card apply online method is fairly straightforward.

  • You must first visit the appropriate website.
  • Register yourself as a new user and fill out the asked for details.
  • You will then receive a one-time password (or OTP) on the mobile number and email address you registered with.
  • After you key out the OTP, you will be redirected to a new page where you must fill out personal details.
  • Once you submit your personal details you will see three options appear.
  • Click on the third option as it pertains to student credit cards and fill out the required details.
  • Once complete, select the ‘submit button.
  • You will then receive a unique ID number which is sent to your registered mobile number.
  • You will also receive a PDF which is a copy of the form you submitted which also lists the documents you are required to submit later on in the application process. This PDF will be sent to your registered email address.

Documents Needed to Apply for the Bihar Student Credit Card Scheme

  • Grades 10 +2 mark sheets.
  • Certificate of residence.
  • Certificate of being selected or accepted to a higher academic institution.
  • A detailed document that outlines the fees associated with higher education has been issued by the academic institute.
  • PAN card.
  • Self-attested copies of your application along with passport size photographs.
  • Statements of your parent’s bank accounts from the past 6 months.
  • Form 16 and family income certificate from the previous year
  • Income tax return pertaining to the previous two years.
  • Proof of identification in the form of an Aadhar Card, passport, or voter ID.


Eligible students must take advantage of the student credit card Bihar scheme as it will allow them to pursue their academic dreams and ambitions such that they can actually make a decent income post completion of their academic pursuits. Go to the Finserv MARKETS portal in order to have a clearer understanding of the same.


Hyperlinked website –



5 reasons to start investing in gilt funds

Mutual funds are largely categorized as equity and debt. Although there are several other mutual fund categories equity and debt are two of the most sought after investment avenues. Equity funds are best suited for investors with a very high risk appetite and a long term investment horizon. These schemes predominantly invest in equity and equity related instruments to generate capital appreciation. Debt funds on the other hand invest in bonds, corporate securities, debentures, repo rates etc. to help the scheme earn returns.

A well-diversified mutual fund portfolio has the right mix of equity and debt. If you have an equity heavy portfolio and looking for a debt scheme that is relatively safer as compared to other mutual fund schemes, you can consider investing in gilt funds.

What is a gilt fund?

A gilt fund is an open ended debt scheme which predominantly invests in government securities to achieve its investment objective. Since gild funds invest majority of its assets in government backed securities, they are considered to be the safest investment product in the debt scheme category. The underlying securities of a gilt fund may hold an average maturity period of they may vary from medium to long term. Since the average maturity period of a gilt portfolio spans over medium to long term, they are ideal for investors with a long term investment. Although gilt funds are considered to be a safe investment option, they aren’t entirely risk free. Since they have a long maturity rate, the performance of a gilt fund may get affected by fluctuations in the interest rates. When there is a noticeable fall in the interest rates, gilt funds tend to offer better returns. Likewise, a rise in the interest rates can make gilt funds a volatile investment.

 Why should you invest in gilt funds?

Here are 5 primary reasons why you should invest in gilt funds –

  1. Invest in government backed securities

As mentioned earlier, gilt funds invest in government backed securities. A retail investor may not have the resources to directly invest in such government securities. By investing in gilt funds, investors get an opportunity to gain exposure to instruments which otherwise they have no access to.

  1. Almost zero credit risk

Government always pays back all the money that it borrows. This makes investments in glit funds almost risk free. Investors who do not wish to risk their finances with volatile investments can consider investing in gilt funds. These funds invest in securities which have a very high credit rating and investors may not have to worry about losing their money  by investing.

  1. Better capital appreciation

Gilt funds have offered far better returns than any other debt scheme. In the past gilt funds have offered double digit returns. Some have even performed better than equity funds which makes them a safer investment scheme delivering better returns than high risk investment avenues.

  1. Target long term goals

Gilt funds aren’t like other debt funds which are usually considered by investors to tend to their short term financial goals. Investors who have a long term investment horizon but do not wish to invest in equity funds due to their volatile nature can consider investing in gilt funds.

  1. Invest in a systematic manner

Investors can invest in gilt funds via SIP. Systematic Investment Plan is an investment approach where retail investors can save and invest a fixed sum at regular intervals till their investment objective is accomplished.

Gilt funds may invest in government securities, but they aren’t entirely risk free.


What ETF pays the highest dividend?

Most of us are familiar with exchange traded funds as passive funds which track the underlying index to generate returns. However, very few are aware about dividend yielding exchange traded funds. The dividend paying process is pretty much simple, these ETFs invest in the underlying securities of dividend paying stocks and when these stocks roll out dividends, the fund manager collects them distributes it to mutual fund investors who have invested in dividend paying ETFs. Investors can either opt for a dividend distribution plan or they can even consider dividend reinvestment option where the money is invested back in the scheme and may allow an individual’s investments to benefit from power of compounding.

Why dividend ETFs?

As mentioned earlier, dividend ETFs are meant to invest in a basket of stocks that have the potential to yield decent dividends. The reason dividend ETFs exist is so that retail investors get a chance to earn some dividends by investing in passive funds like ETFs. These funds only invest in stocks that may offer exceptional dividends to investors. Apart from dividend yielding stocks, these ETFs may also invest in real estate investment trusts (REITs).

Depending on the fund manager’s decision and asset allocation strategy of the scheme, the portfolio dividend ETF may consist of regional as well as global dividend stocks. The indices which these dividends track for income generation are known for providing above-market dividend yields and much more liquidity than normal ETFs.

Benefits of investing in dividend ETFs

Dividend ETFs are passively managed funds which means that investors have to pay a low expense ratio for owning these funds. A passively managed fund usually has a low expense ratio as compared to active funds where the fund manager has more involvement than and is actively involved in buying and selling securities to help the scheme achieve its investment objective. However, the underlying benchmark or index which the ETF tracks majorly covers those companies that have a proven track record of providing regular dividends. Dividend yielding ETFs may also invest in bluechip company stocks that are anticipated to less risky than mid and small caps.

A low expense ratio means investors can achieve higher capital appreciation than those funds that levy a high expense ratio. Also, ETF units can be traded at the stock exchange just like the stocks of publicly listed companies. This makes them more liquid than other mutual funds like ELSS (Equity Linked Savings Scheme) which comes with a predetermined lock-in period and investors cannot sell units of this fund for at least three years.

Which ETF funds have offered high dividends?

Of all the ETFs, equity ETFs have delivered good returns in the past. Investors must not only look a fund’s past performance before investing. This is not an apt way to invest in mutual funds as past performance of a scheme doesn’t determine its future performance. Investors who are new to investing and need further assistance in making an informed investment decision should seek professional consultation-.


How to visit Petra in Jordan? A brief guide for first-time travellers

If visiting ancient archaeological marvels interests you or has been on your bucket list for quite some time, you must visit Petra in Jordan at least once in your lifetime. One of the seven wonders of the modern world, Petra’s story is magical. An architectural marvel carved into a majestic rock mountain, hidden away in a desert wadi, the city of Petra was the capital of the Nabateans’ empire.

If you plan next holiday destination, it is crucial to start planning your finances now. Until then, here are the details on Jordan tourism, the best time to visit Jordan, Petra, and places to visit in Petra, so that you can set your financial goals and itinerary accordingly.

Places to visit in Petra, Jordan

There are many breathtaking places to visit in Petra, provided you are ready to endure a little bit of heat.

  • The most famous landmark is Bab As-Siq, or shaft, in English. The As-Siq corridor was formed when tectonic forces broke two mountains in half, and it is magnificent, to say the least
  • A trek to the Ad-Deir or monastery is a must if you have an adventurous streak. Climb the 800 steps to revel in the view from the top
  • The Colonnaded street with its Roman influence may interest history enthusiasts
  • The famous Al Khazneh, or treasury in English, was built for King Aretas III. It is carved out of a sandstone rock face

While these are listed as some of the best places to visit in Petra, you will find countless other options if you’re staying in Petra for a longer period.

Ways to visit Petra in Jordan

There are two ways to visit Petra in Jordan.

  • From Amman or Aqaba in Jordan
  • From Tel Aviv or Eilat in Israel

Travel companies in all four cities offer packages including transport, stay, and options for places to visit in Petra. However, for a hassle-free experience, check out packages by the official Jordan tourism board.

Best time to visit Petra in Jordan

The city is located in a desert, and summers in Petra can be unbearably hot. Therefore, the best time to visit Petra in Jordan is in the spring (March to May) or autumn (September to November) months, when the weather is pleasant.

Cost of tickets while visiting Petra in Jordan

A one-day pass to visit Petra costs JD 50 (USD 70; a little more than INR 5,000) per person with an additional JD 5 per day, for the second and third days. However, you can get a JD 40 refund if you return the next day. Children below 15 years of age get free entry. You can hire tour guides for JD 50–100.

To avoid hidden or additional costs, it is advisable to check prices with the Jordan tourism office online or on-site.

Start saving for your dream vacation

Petra in Jordan is a must-visit travel destination. There are activities for everyone and some remarkable historical expeditions to choose from. You can start saving and investing right away, through mutual funds and a systematic investment plan to reach your financial goal of visiting this wonder. You can also reach out to a good financial advisor that can help you with your broader financial plans to ensure that your financial goals are met.


ULIP vs Mutual Funds: Things an Investor Should Know

A Brief Overview 

Investors seek to invest their money in varied investment tools keeping in mind their investment goals which can differ. Unit Linked Insurance Plans (or ULIPs) and Mutual Funds are two such investment tools that have been explored below.

Understanding ULIPs

ULIPs cater to both the insurance and investment goals of their policyholder and allow for wealth creation over expansive stretches of time. Long-term financial goals including a child’s education or marriage fund can be fulfilled with investments made in a ULIP. Plan holders are expected to pay premiums at regular intervals (weekly, monthly, quarterly or yearly) in order to invest in ULIPs. Premiums paid are invested in several tools including stocks and bonds. The performance of the market is capable of altering the value associated with the fund. Upon maturity, the policyholders are paid the fund value. Else, if they die by the time the policy matures, the sum assured or fund value is paid to their beneficiary based on which is higher.

Understanding Mutual Funds 

Mutual fund plans allow individuals to invest their money in a tax-saving mutual fund wherein the premiums invested are of varied securities ranging from bonds and stocks to money market instruments and so on. The performance of a mutual fund is congruent with the performance of the underlying securities.

 ULIPs vs Mutual Funds 

  • Tax norms – Returns generated via ULIPs are tax-free under Section 10 (10 D) of the Income Tax Act. Long-term capital gains and short-term capital gains are levied on mutual funds which vary based on the type of securities that underlie the funds.
  • Lock-in period – ULIPs are governed with a lock-in period that ordinarily amounts to five years and investors cannot redeem their investments prior to this time. Mutual funds in comparison are ordinarily open-ended and don’t have lock-in periods barring ELSS funds whose lock-in period amounts to 3 years.
  • Charges – ULIP has a high entry load in the early stages as there is a fund management charge in addition to insurance premiums expected to be paid. Mutual funds also incur professional management fees however, they also charge operational fees which are collectively called expense ratios.
  • The ideal time to invest – Mutual funds are ideal investments for those looking to fulfill short or long-term goals, build wealth, or generate reasonable returns on investments. ULIPs make sense for those looking for a tax-saving investment, a life insurance policy, and have a long-term horizon.
  • ROIs- Returns on ULIPs can be wide in their spectrum as they are based on investments made in equity, debt, or a combination of the two. Mutual funds generate returns on investments that are dependent on the type of scheme selected and the return can range from one that is low to one that is high. Mutual funds don’t guarantee a minimum return.


Investors must assess their financial profile and goals prior to investing in a given investment plan. Finserv MARKETS serves as the perfect place to pursue investment plans currently on offer in India.