Mutual funds
De-jargonising Mutual Fund Terms
In the popular Bollywood movie, 3 Idiots, in a humorous scene, a book was sarcastically defined as instruments that record, analyse, summarise, organise, debate and explain information; that is illustrated, non-illustrated, hardbound, paperback, jacketed, non-jacketed; with a foreword, introduction, table of contents, index; that are indented for the enlightenment, understanding, enrichment, enhancement and education of the human brain through the sensory route of vision - sometimes touch.
Are balanced funds the right kind of investment for you?
Often, investors find themselves contemplating whether they should opt for equity or debt investments. This is seen particularly with first-time investors or those new to the financial markets and investments world. At other times, some investors are just looking to diversify their portfolio for regular re-balancing. That’s where Balanced Funds come as an option.
Tax Benefits for Senior Citizens
As any financial year begins, we come across a lot of speculations around the budget presented for that year. There are reforms across sectors that prove beneficial for the public and certainly help them in a big way by saving tax. The budget of FY 2018-2019 too incorporated new areas that help you save tax, especially if you are a Senior Citizen. Since we are nearing the time which requires our intervention on saving tax, it is apt for you to know about the newly introduced sections where you can save tax.
Different Types of Mutual Funds
Choosing among the different types of mutual funds is probably the most tedious job you have at hand after you’ve made up your mind to invest in mutual funds. To embark on a journey to financial freedom, one must invest wisely in different types of mutual funds to maintain a diversified portfolio for better returns. Now, there are different types of mutual funds to invest in which can be classified on the basis of risk appetite and goals, whether short term or long term.
Which Mutual Fund Is Most Suitable for Me
It is common knowledge that unless one invests regularly it is difficult to achieve financial freedom. Thanks to mutual funds that yield best returns, one has a credible alternative to begin one’s investing journey. But figuring out which mutual fund is suitable for an investor has never been easy. Before reclassification, at last count, there were more than 2000 mutual fund schemes in India. After the reclassification mandate passed by SEBI, mutual funds will be divided into 36 categories.
Power of SIP
It is widely quoted that “Every drop in the ocean counts”
This is especially true when it comes to investing in mutual funds. Prospective investors often feel that it makes sense to invest once they have a substantial corpus or are able to save a considerable sum every month.
Most mutual funds enable investors to get started with a small SIP of Rs 500 per month. One may feel that this is an insignificant amount. But over a period of time, it makes a huge difference. Let us learn how: