Mutual Fund market is blooming more and more with each day passing. Millions of investors are enjoying the benefits of these funds by making investments either through lump-sum or SIP. Now, there are a large number of mutual fund schemes that are available today, but there is only one in each category that is crowned with the title of a top performer. In this article, we are going to discuss best mutual funds from various equity categories that have shown over the top performance in...
Everyone, in the course of their life, needs to think about investing their money in pension plans. Pension plans are also known as retirement plans and are insurance plans which are meant to help working individuals during their time of retirement and old age. Pension plans are those plans which take a long amount of time for accumulating enough funds for the same.
The right type of pension plan follows a particular scheme for investment. The amount of money that needs to be invested over how...
Investing in a pension scheme is of extreme importance to provide income stability. To provide a contribution-based pension scheme, the Government of India introduced the Atal Pension Yojana. The APY is a pension scheme that aims to provide a monthly pension to the contributor after he reaches 60 years of age. The scheme aims to financially secure unorganised labour who don’t have access to pension products. However, the scheme is open for all Indians to invest.
The scheme operates very...
Humans have a tendency to get comfortable with the mainstream activities. They do not promptly get adapted to changes and even find it dangerous to step out of the normal circle. For instance, most people would buy breakfast cereal of a known brand that promises to have all kinds of essential nutrients, rather than going organic. Simply because it has become their mindset to follow the herd.
While making financial decisions, people tend to show the similar trends. For ages, they have...
Everyone wants to earn and save taxes as well, but both never go hand-in-hand. There are many people who drain their money as TDS from their salary every year. Don’t fall into that category, as tax savings is not as tricky as you think. ELSS is the most rightful resource where you can invest and take an exemption of Rs. 1.5 Lac under Section 80C of the Income Tax Act, 1961.
What Are ELSS Funds?
ELSS funds are such mutual fund schemes that are created by the government to develop a habit...
Mutual fund investment schemes invest in different types of securities like equity, debt, hybrid, etc. Equity is further divided into large-cap, mid-cap, small-cap, etc. In this article, we are going to discuss the top large-cap investment schemes available in the market.
Large-cap companies are the top hundred companies in terms of full market capitalization. Its stocks are termed as large-cap stocks, and the schemes that invest in these stocks are termed as large-cap mutual funds.
Retirement plans have become an important part of a person’s future planning. Right from the time, someone gets a well-paying job, or when the family expands with the addition of children, people start planning the best way to secure their retirement phase.
This is understandable considering that by the time they reach that stage, their children have become old enough to stand on their own feet and will have most probably set out to find their place in the world.
Want Is A Retirement...
While many of us want to start investing in mutual funds, the large number of options available often makes the process confusing. No matter if you are looking to invest in Index Funds, debt funds, or tax-saving funds, the tips mentioned in this post are sure to help every new MF investor.
The financial services sector in India is now flooded with AMCs offering many different types of mutual funds. The extensive range of options often makes it confusing for a new investor to pick a...
Anyone who has often found time to listen to and follow financial news has probably heard often of mutual funds and knows the stock market sector has risen steadily for almost 20 years. To cut it short, by most measures we can see that the stock market has made most people more money, doing it in a more reliable and comfortable manner, than any other investment you can think of or imagine for the past 75 years and as a result of this facts anyone who wishes to accumulate wealth must think of...
Do you remember the last time you were hit by flu and the doctor had asked to eat nothing but hot soup? Of course, you do. Those days are nothing less than a nightmare, when you are not allowed to eat anything but the ‘hospital food’. Imagine how tasteless your life would be if you couldn’t add variety to it.
Surprisingly, mutual fund investments work on the same principle. Unless there is variety in your portfolio, there are high chances that it will not be able to work...
“Be fearful when others are greedy. Be greedy when others are fearful”.
It seems to be very complicated and intimidating, but investing in mutual funds is the simplest way to build big corpus in the future. Investments in mutual funds are mainly based on the trust where money is collected from a large number of investors who share a common objective of investment. After pooling-in the money, the same is invested in different instruments including stocks, securities, bonds,...
Most of the millennials understand the importance of saving. And the only way to save is to invest rightly. Apart from our regular RD’s and FD’s there are other ways to invest where you can expect high returns. Yes! ELSS (Equity Linked Saving Scheme) Mutual funds are now considered as one of the top investment options by industry maestros. But, many people are still not clear with the difference between these two. One might feel that ELSS and mutual funds are different...
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7 Top Best Types of Mutual Funds in India
During the last 5 years, there has been tremendously good participation by the common investors in mutual funds investments and its related products. The credit for this goes to the Association of Mutual Funds in India or AMFI for coming up with the brilliant campaign “Mutual Funds Sahi Hai“.
Not only this but...
How to Calculate Tax on Mutual Funds-Easy Solution
Finance Act 2018 had introduced Long Term Capital Gain Tax on sale of Equity shares or units of Equity oriented Mutual Funds u/s 112A w.e.f 01.04.2018.
This proposal has deleted the exemptions available u/s 10(38) of the Income Tax Act 1961 on LTCG arising out of the sale of Equity shares or units of equity Mutual Funds.
This exemption u/s 10(38) was effective from F.Y 2005-06 to F.Y 2017-18. So before the Finance Act, 2018 long term...
There are several ways to invest in gold. Investors either prefer buying the metal itself or choosing options such as buying gold funds and buying gold futures. A Gold ETF tracks the value of domestic physical gold. It is a type of exchange-traded fund. These funds are a passive investment instrument that is associated with gold prices and invests in gold bullion. In India, gold is generally maintained in ornament form, which carries a different making and wastage factor (sometimes higher...
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