ELSS funds will help in your tax planning for the coming fiscal year. Investing in these funds will give you tax benefit under Section 80C of the Income Tax Act. These funds are picked based on parameters such as highest returns over the 3-year and...
*Data as of 27 Dec 2018 An asset management company (AMC) is a financial services company that offers a wide range of mutual fund schemes for investment. The money invested in these schemes is typically received from the clients of the particular AMC and is subsequently invested...
You begin the month with a promise that you would save a decent amount. You manage to control your spending urges for a good part of the month. However, before you know it, one slip-up happens and you end up splurging more than you had...
In India, the structure of Mutual Funds is a three-tier structure with a few other significant components. It is not just the different banks or AMCs that create or float different mutual fund schemes; instead, there are other players that are involved in the structure of...
One of the main objectives of investing is long-term profit maximization. You would hear this from a lot of advisors. But have you ever wondered how it is achieved? The capital appreciation that an investor seeks to generate doesn't come overnight and neither is it achieved...
Introduction to Mutual Funds History A mutual fund is a trust or a pool of investments by investors who share a common financial goal. This pool is invested in several financial instruments such as shares, debt instruments, bonds etc. by the company managing that trust. This...
Imagine this, you go shopping for your monthly necessities and see a great pair of shoes. Although you don’t want them but can’t resist the urge to buy them. You give in to your impulses and end up buying them. You wish you hadn’t indulged...
RBI Governor Urjit Patel Resigns Source: https://www.bloombergquint.com/global-economics/urjit-patel-resigns-as-rbi-governor Reserve Bank of India Governor Urjit Patel has resigned from his post, making him the first governor since 1990 to step down before his term ends. Patel’s three-year term was to end in September 2019. “On account of personal reasons, I...
As a child, you wanted to quickly grow into an adult so that you could make your own decisions and live life your own way. As an adult, you miss those carefree times when everything was well taken care of. You never realized there are...
Before we look at the best index funds in India, let us understand the concept of index funds. Index funds are funds that derive its value from the underlying indices or benchmarks. They are directly proportional to the performance of underlying benchmarks and thus are...