Tag - investment

Mutual Fund investment planning through your post retirement income

Mutual Fund investment planning through your post retirement income

In India, old age, retirement, and pension are terms that are used almost interchangeably. Hence, it should not come as a surprise that for retirement planning, the conveniently named pension plans offered by insurance companies are hot favorites. In fact, most retirement planners choose these products simply on the basis of their limited understanding of how these products work. The truth is mutual funds have historically outperformed pension plans in the long term. And retirement is a long-term savings [...]

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7 Reasons ELSS are Better Than Other Tax Saving Investments

7 Reasons ELSS are Better Than Other Tax Saving Investments

The introduction or rather reintroduction of long-term capital gains taxes on equity mutual funds including ELSS(equity-linked savings schemes) has made some novice investors a bit jittery. A lot has already been written and said about long-term equity gains taxes on equity schemes. In short, considering the potentially high returns, Rs. 1 lakh annual gains taxation threshold. And the grandfathering of returns till 31st January 2018, equity schemes still hold the edge over competing investments. This also holds true for ELSS funds that investors [...]

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6 steps towards your financial freedom

6 steps towards your financial freedom

Our 72nd Independence Day is now behind us! It has been nearly three-quarters of a century since our country has been free from the British Empire. We are free to live our lives the way we want to, within the confines of legal jurisdictions, of course. We can make our own decisions and choose our own paths. We are also free to use the resources of our country for our own good. Yes, Independence Day is a day we [...]

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This Independence Day take a step towards your financial freedom

This Independence Day take a step towards your financial freedom

For parents, there was a time when grown-ups and working sons were synonymous with both financial freedom and security. But with changing times and new social structures, that concept of financial security has become almost non-existent, at least in most of urban India. Other than raising their children, parents themselves have to think about their post-retirement financial security. And with the demand and popularity for such approaches increasing, there are financial planners and advisors who are there to help. Here is [...]

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How you can stop your investment from slipping into insurance unclaimed funds

How you can stop your investment from slipping into insurance unclaimed funds

Recently, PTI reported that as much as Rs 15,167 crore of policyholders’ money was lying unclaimed with 23 life insurers as on March 31, 2018. Out of this, Life Insurance Corporation (LIC) has Rs 10,509 crore as unclaimed funds, while the remaining Rs 4,657.45 crore is with the 22 private sector insurers. Key reasons for rising unclaimed amount with these insurance companies 1. Failure in filing claims The biggest reason for a large number of unclaimed funds lying with the insurer is [...]

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Fixed deposit interest rates hiked but debt mutual funds still better

Fixed deposit interest rates hiked but debt mutual funds still better

Interest rates are on the rise. SBI and HDFC Bank have hiked interest rates for fixed deposits below Rs 1 crore. HDFC Bank is offering 7% for deposits below Rs 1 crore for tenures from 1 year to 5 years. The biggest beneficiaries will be senior citizens. Besides the 0.5% higher interest, this year’s budget has also exempted interest income of up to Rs 50,000. General investors, however, may not gain so much. Income from fixed deposits is fully taxable. In [...]

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Simple tips to choose the right tax-saving ELSS fund

Simple tips to choose the right tax-saving ELSS fund

Equity-Linked Savings Scheme (ELSS) are multi-cap equity investment fund. They have a lock-in period of three years. ELSS provide you tax advantages along with wealth creation opportunities. You can claim a tax exemption of up to Rs 1.5 lakh on ELSS funds under Section 80C of the Income Tax Act. There are numerous ELSS funds available for consideration in the market. Selecting the appropriate one for investing is becoming overwhelming at times. Usually, investors choose the fund which gives the [...]

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How Term Insurance help to ensure your family's financial stability

How Term Insurance help to ensure your family’s financial stability

Life is an uncertain journey wherein many factors can disrupt the flow of life. If you are a part of the growing middle class who is working for a company, you are dependent on a regular monthly income. This regular monthly salary ensures that one can take care of every need promptly and plan accordingly. Electricity bill, telephone bill, mobile and internet bills, and other monthly expenses dine outs with the family etc. These all expenses are dependent on the [...]

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Four factors to consider before stopping Mutual Fund SIP

Four factors to consider before stopping Mutual Fund SIP

Mutual Fund SIP (Systematic Investment Plan) is a long-term investment for your financial goals. SIP works on the concept of rupee cost averaging and the power of compounding. In Rupee Cost Averaging, we invest a fixed amount in equity funds through SIP. When the market price of the share is low, we bought more units. And when the market price is high we bought lesser units. In power of compounding, it works over a long period of time. We [...]

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How are Close-ended Mutual Funds emerging as a good investment option?

How are Close-ended Mutual Funds emerging as a good investment option

In India, Mutual Fund investors are increasing day by day. They are looking MF investment as a viable source of income for a comfortable lifestyle without worry of inflation. Mutual Funds gives you a better return and help you to increase your wealth. And it also helps you to diversify your investment portfolio. Mutual Fund attracting the investor’s attention because of the power of compounding and rupee cost averaging. One of the reasons for increasing interest in Mutual Fund investment [...]

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