ELSS Saves Tax And Makes You Rich

ELSS Saves Tax And Makes You Rich

Heard this great saying by former US President Richard Nixon? “Make sure you pay your taxes; otherwise you can get in a lot of trouble.” Sampath a young 28 year old man, works in an IT firm in Bengaluru. He had never heard of Richard Nixon, but he knew he had to pay taxes. Sampath earned Rs 12 Lakhs a year. This salary meant he paid a lot in taxes, as he never bothered to do tax planning. He grumbled, he cursed, but he paid his taxes.  All this changed…

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Mutual Funds Better Than FD?

Mutual Funds Better Than FD?

Mahesh is 31 years and works as a lecturer in a top private college. He is well paid and earns Rs 13 Lakhs a year. Mahesh has always invested in FDs and the reason is simple. FDs are safe and offer decent interest. Mahesh stays far away from mutual funds as he believes they invest in stocks making them extremely risky. Is Mahesh Right? Do mutual funds only invest in stocks? When you say mutual fund, the first thing that come to mind is the Equity Mutual Fund. Mutual funds…

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Loan Against Mutual Funds

Loan Against Mutual  Funds

There are times in life when you just have to take loans- for a medical emergency, a marriage or a much-needed holiday. You would most likely avail a personal loan which charges high interest and struggle with EMI repayments. This is exactly what happened to Shankar, a 28 year old man, who took a personal loan to go on a holiday. Shankar a young man had dreams. He lived in the southern part of India, in a town in Kerala. He was a teacher at a nearby school with a…

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ELSS vs Equity Diversified Mutual Funds

ELSS vs Equity Diversified Mutual Funds

Life is all about competition.  Who is the best? Are you good or is your friend better? There is competition even among personal finance products. While most personal finance products are good, which one would help meet financial goals. This is the call you have to make. This is a story of a fight between two friends, Satish and Suman. Not a physical fight, but an intense competition. Both of them were in their early thirties and worked in reputed IT Firms. They liked to compete with each other and…

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Review Your Portfolio Before Investment Decisions In A Bear Market

Review Your Portfolio Before Investment Decisions In A Bear Market

Vinay’s portfolio has taken quite a beating. He had purchased YES Bank at a price of around Rs. 450 per share about 8-9 months back. Today the share is hovering around Rs. 168. Sintex Plastics, which he had purchased in December 2017, has lost about 60% of its value. His portfolios largely comprised of midcap stocks, have lost 40-60% value from their peak. His stock portfolio was doing very well at one point, based on which he significantly increased his investments into stocks. Now, he is unsure as to what…

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The Most Important Factors for Your Investment Success

The Most Important Factors for Your Investment Success

An intelligent investor should invest in a proper channel with the maximized profit as well as reduced loss. It is known that the investment is always associated with the risk a better strategy should be selected in order to achieve the targets in a fixed duration. Compounding money always makes the amount deposited in a greater interest and grows in a steady manner. This also relies upon that the tax exemptions whereby the amount gets invested all time. Thus the experts prefer to make an investment that is related to…

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Things NRIs Must Keep in Mind While Investing in India

Things NRIs Must Keep in Mind While Investing in India

India is considered as the fastest economic development nation in the world. This assures the promising market whereby most of the investors tend to make an investment in India. India offers high-interest rates compared to other nations in the world. This makes a majority of the NRI’s to make an Investment in India. NRI can choose investment plans like fixed deposit, mutual fund, real estate investment, treasury bills and company deposit. Nonresident Indian can make their investment in equity market but they understand the risks and returns that can be…

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The right account for a small investor – Basic Services Demat Account

The right account for a small investor – Basic Services Demat Account

If you are already holding a Demat account or planning to get one, then it is very important that you should know about the Basic Service Demat Account also. This could help you if you are planning to trade on smaller portfolio sizes and will cut on those huge yearly maintenance charges. The Basic Services Demat Account is a basic version of a normal Demat account which provides only the basic level services and is ideal for those who wish to invest in smaller quantum of portfolios. But before we…

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Converting your employer group health insurance into an individual policy- Is it Important?

Converting your employer group health insurance into an individual policy- Is it Important?

Insurance policies, as we all know, have become a necessity in everyone’s life and many of us are benefitted by being covered with an insurance cover provided by our employer. Though the benefits at the outline remain the same, group health insurance policies and individual health insurance policies are entirely different from each other. The clauses are aplenty and their implications catch you unawares just when you want to avail the benefit. A simple comparison between these two kinds of policies based on the terms that they are applicable upon…

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Investing: Here’s how to gain from Systematic Transfer Plans (STP)

Investing: Here’s how to gain from Systematic Transfer Plans (STP)

STP makes sense when you want to transfer a large amount of money in a regular fashion without going through the lump-sum route.   Systematic Transfer Plan is a good way to invest in equity market. Similar to an SIP (systematic investment plan), STP invests systematically over a period in a particular fund in a fixed frequency. But unlike an SIP, money gets transferred from another scheme instead of a bank account. Investors can put a lump sum amount in liquid funds or ultra-short term fund & transfer a fixed…

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