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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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6 Things do not cover by your Health Insurance Policy

6 Things do not cover by your Health Insurance Policy

When we buy Health Insurance, sometimes it becomes difficult for us to understand the complex terms and conditions of the policy. Despite increasing awareness about sub-limits, pre-existing diseases, and other exclusions, the policies claim denial or reduced payouts continue to shock. To ensure uniformity, the IRDAI (Insurance Regulatory and Development Authority of India) has set up a committee to suggest measures to standardize exclusions. In 2012, the regulator listed 199 items, indicating their admissibility or otherwise. The recent move [...]

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Best tips to Save Money on your General Insurance Premium

Best tips to Save Money on your General Insurance Premium

When we talk about General Insurance, it’s all about the Insurance products such as Health Insurance, Motor Insurance, Travel Insurance and Personal Accident Insurance etc. The domain of Insurance coverage is divided into two categories – Life Insurance and General Insurance. Life Insurance products don’t come under General Insurance. There is a short-term period contract between the insurer and the insurance company for all General Insurance products. For which the Insurer has to pay an amount as a premium [...]

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How NRIs can invest in mutual funds in India

How NRIs can invest in mutual funds in India

Most Indians migrate abroad in search of better opportunities. Unsurprisingly, many harbor the dream of coming back one day. A majority has dependents in their home country. In such scenarios, making investments in India is inevitable. But according to Foreign Exchange Management Act, NRIs (Non-resident Indians) can invest in Indian mutual fund scheme. A mutual fund in your home country can give you a diversified portfolio with the desired mix of debt and equity securities. Even if you are risk-averse and want a [...]

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What you can do if you have missed the last date of Income Tax Return Filing

What you can do if you have missed the last date of Income Tax Return Filing

The last date of the Income Tax Return Filing was 31 August. CBDT (Central Board of Direct Tax) had extended the last date from 31 July to 31 August 2018. But if you have missed the extended date of ITR (Income Tax Return) filing, you can still file your return. However, there are some points you need to understand and consider before you file the return in this last chance. People who file their return after the due date, [...]

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WHAT ARE MUTUAL FUNDS AND NET ASSET VALUE?

WHAT ARE MUTUAL FUNDS AND NET ASSET VALUE?

When considering investments, people often are skeptical about Mutual Funds simply because they feel it is complicated to understand and manage. Keeping aside the jargon when simply put, it is a pool of funds put together by like-minded investors. And whatever the sum of their contributions are managed by professional fund managers, who keep up with the markets and use their skills to invest in various financial instruments. Now, these investors have a common financial goal. On the basis of their [...]

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