Money, finance and funds: How are they different?

အောက်ဆုံးထိ ဆွဲကြည့်​​ပေးကြပါ ခင်ဗျာ

Summary: The terms finance, fund, and money are often used interchangeably but they have differing connotations. Read on to find out how finance, fund & money differ.

Generally, individuals utilize the terms cash, money, and asset conversely, considering them equivalents. Be that as it may, they are very unique. Peruse on to figure out what is finance, what is cash, and what is store. Likewise, find out about cash versus money and subsidizing as opposed to funding.

What is money?

You work for each day cash. Getting up right on time by forfeiting your rest, doing combating gridlocks, working at a work area, and returning home late is basically for the sole purpose of bringing in cash. In any case, imagine a scenario where somebody requests that you depict cash. You can say this:

Basically, cash is an item individuals acknowledge as installment for labor and products or reimbursement of obligations. With a store of significant worth, cash incorporates endlessly cash counterparts like depository bills, business paper, endorsements of store, and so on. Cash reciprocals are exceptionally fluid instruments that you can promptly change over into cash. Cash is a mode of trade, a unit of record, a store of significant worth, and a norm for conceded installments.

What are funds?

A fund refers to an amount of money kept aside for financial goals such as buying an asset, planning for retirement, or tiding over an emergency. Think of it as an amount you keep aside or invest for your next vacation, a new phone, or even a luxury handbag. As part of financial planning, the investment is usually made under professional management. 

Businesses, governments, and individuals use funds to fulfil their financial goals. If invested, funds help you earn interest or dividends. A fund can be an insurance fund, exchange-traded fund, pension fund, mutual fund, etc. Mutual fund schemes can offer financial security, tax savings, etc., that help you fulfil your dreams. For instance, with IDFC FIRST Bank, you can invest in mutual funds of your choice and create wealth for your financial goals.

What is finance?

Imagine if you were looking to start a business. The first thing you need (besides a brilliant idea) is finance. Finance refers to the process of raising capital. It is a broad concept that involves the creation, management, and study of money. Savers and investors accumulate funds to earn dividends or interest. These funds can then be channelised to businesses, governments, etc., who borrow at a specific interest rate. 

Insurance firms, commercial banks, Non-Banking Financial Companies (NBFCs), investment companies, etc., can help channelize funds from investors to borrowers. Finance activities can include stock investment, loans, savings, etc. Also, finance by itself could refer to business finance, public finance, or personal finance.

Money vs finance

Money	Finance
Money is a part of finance.	Finance is a broader concept that includes the management, creation, and study of money.
The money includes cash and cash equivalents that are readily available for use.iu	Finance includes personal, public, and corporate finance.

Fund vs finance

Fund	Finance
A fund involves a set amount of money kept aside for specific financial goals such as retirement, higher education, or a wedding in the family..	Finance involves building or raising money. It also involves the repayment of the principal sum along with regular interest payments.

Funding vs financing

Funding	Financing
Funding is the act of injecting money towards a specific financial goal without the need for repayment.	Financing is the lending or borrowing of a sum of money that requires repayment with an interest rate.
It may be granted to businesses by investors,banks and governments.	Financing is offered by venture capitalists, banks, shareholders, etc.

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