Author - admin

New-Fund-Offer-

All about New Fund Offer & why to invest in NFOs?

NFO or New Fund Offer is the initial period in the launch of a mutual fund scheme. An NFO period can run from a few days to a few weeks. Applying for mutual fund units during this period will get you units at the NFO price (usually Rs 10 or Rs 100). You will also be invested in the mutual fund from day one. An open-ended fund will officially be launched after the NFO ends. Investors can enter the fund [...]

Read more...
health-insurance-premium

How to save tax on health insurance premium

The initial phase of financial planning is to ensure that one has satisfactory medical coverage. Every individual must get sufficient health insurance coverage for self and family even before starting to save for his objectives. In addition, the premium paid for Health Insurance coverage likewise gives a tax benefit. It will decrease your taxable salary and along these lines your tax liability. Here are four things to consider about how to save tax on Health Insurance Premium for Fiscal Year [...]

Read more...
-Why-Investment-is-Important-Where-to-Invest

Types of investments in India and Why Investing is Important & Where to Invest?

Why investments?  In today’s world, just earning money is not enough. To earn the money, you work hard 9-10 hours/day. But this money is may not enough to live a comfortable lifestyle and fulfill your dreams. So you need to make your money work hard for you as well. That’s why investing is important. You should invest that money smartly in Mutual Fund schemes and NPS to get good returns out of it. Types of Investment options in India In India, there [...]

Read more...
Insurance-Nominee

Everything you need to know about Insurance Nominee

Having an insurance policy for our loved ones is important for ensuring a better future. In case of if anything unfortunate happens with you, the dear ones receive the amount from the insurer. Here the ‘Dear one’ known as the nominee of the policyholder. In order to keep the claim process hassle-free, you need to fill the nomination column carefully. Here is everything you need to know about Insurance Nominee. It will help you realize the importance that why [...]

Read more...
student-travel-insurance

Buying student travel insurance in India is more cost-effective

If you are a student, want to study abroad and looking forward to a great career ahead. Then you are in the right place. Securing admission in abroad isn’t simple, nor is it simply getting ready for it. As the travel dates come near, one thing you have to plan for is the vulnerabilities related to travel and life abroad. We will tell you some important facts about buying student travel insurance in India is more cost-effective. Protect your Health: This [...]

Read more...
Mutual Funds

7 different types of Mutual Funds in India you should know about

Are you a first-time investor or looking for an investment in Mutual Funds? In Mutual Funds investment, you need to understand the different types and features of Mutual Funds. MF can be classified on the basis of their characteristics. Here is a list of different type of Mutual Funds in India: 1. Money Market or Liquid Funds: Money Market Funds are a safer investment option for short-term. These funds give you easy liquidity and moderate return in a short period of [...]

Read more...
Difference between open-ended and closed-ended Mutual Funds Schemes

Difference between open-ended and closed-ended Mutual Funds Schemes

Mutual funds are classified according to various attributes, such as the nature of the Investment, Risk Profile, and Investment philosophy. Apart from these, the funds differentiated on the basis of their structure—Open-ended and Closed-ended. The difference between the two depends on the flexibility of sale and purchase of fund units. Open-ended MF Schemes: These funds buy and sell units on a continuous basis and, hence, allow investors to enter and exit as per their convenience. The units can be purchased and [...]

Read more...
5 parameters to check while you buy mutual fund schemes

5 parameters to check while you buy mutual fund schemes

When it comes to choosing the best Mutual Fund scheme, many investors find it difficult to compare between two MF schemes. On the basis of your objective, you can choose the best Mutual Fund Scheme. If you are taking the help of a Financial Advisor, always check your portfolio on a regular basis, so that you are aware of where your money is invested? In which scheme the fund manager has invested your money (such as Debt Schemes, Equity [...]

Read more...
The best tax saving option is: ELSS or ULIPs?

The best tax saving option is: ELSS or ULIPs?

When we talk about tax saving investment, there is a big debate between the ELSS (Equity Linked Savings Scheme) versus ULIP (Unit Linked Insurance Scheme). Both schemes have some similarities and some differences too. For example, both schemes combine tax saving with a long-term investment perspective. Both schemes give you an access to equities and both provide you a lock-in period. However, there are some differences on the tax front, especially after the Union Budget 2018-19. Also in terms [...]

Read more...
Sub-limits in a health insurance policy and their importance

Sub-limits in a health insurance policy and their importance

Buying a health insurance may be easy but selecting a plan that meets your needs is not that easy. There are various features such as day care procedures, waiting period, co-payment, deductibles and cashless cover that form the basis on which you can compare health insurance plans. However, one of the major key deciding factors is the sub-limit. A sub-limit is an extra limit in an insurance policy’s coverage of certain losses. These losses are a part of the original [...]

Read more...