As per recent amendments to the Prevention of Money Laundering Act (PMLA) Rules, 2017, it is mandatory to link your Aadhaar card to all Mutual Fund folios by 31-Dec-2017. Please link your Aadhaar Card with the following RTA's, each RTA's processes funds for specific AMC's, find...
An Indian investor’s KIM KARTAVYA VIMOODH moment KIM KARTAVYA VIMOODH (kim-kuhr-tuh-vyuh-vim-oodh; Kim = what, Kartavya = duty, work, Vimood = confusion) -A Hindi noun that refers to someone who is unsure of what to do, is perhaps at a crossroads and needs to make a tough decision...
The Sensex recently breached 30K and Nifty breached 9K. With the two market benchmarks at all-time highs, investors are particularly worried that markets may suffer from bad case of vertigo and may come crashing down. So is this the right time to invest or is it...
Gold can play a very valuable role in equity and bond portfolios, doing well when both equities and bonds are under-performing. Hence long-term investors should definitely consider investing 5-20% of their portfolios in gold even though the recent price action has not been very encouraging. What...
ELSS funds are special equity funds which enjoy tax exemption on the investment amount, gains and final amount (so EEE regime) up to a limit of 1.5 lakh under section 80C of the income tax act. However, ELSS is not the only investment eligible for Section...
A lot of us have the tendency to think that financial planning is something only for high-net-worth individuals or those with complex financial situations or worse those with messy financial situations. However, nothing can be further from the truth. According to Investopedia, A financial plan is...
With the RBI in the rate-cutting mode over the last 2 years, currently we are at a low in the interest rate cycle. FDs are perhaps the most popular investment avenue in India and <7% FD rates definitely hurt retail investors. So we have compiled...
Personal finance can be intimidating especially if you are a first time investor. But you can now stay on top of your personal finances by following this 5-point checklist. 1. List down your personal finance goals: The first step to achieve financial success is to define what...
In this 4-part article series, we discuss the 20 main types of mutual funds available in India and whether you should be investing in them. The main classification of mutual funds is by asset class ( i.e. what assets they are investing in). In part...
This week in ORO Weekend Reads: We go back to the basics with the different ways to invest in mutual funds. Plus how you can avoid the higher charges being levied by your bank and what google search trends can mean for your investments. Staying on...