Midcap mutual funds are equity mutual fund schemes which invest at least 65% of their assets in midcap stocks. SEBI classifies the top 100 stocks by market capitalization as large cap stocks, the next 150 stocks as midcap and the remaining ones as small cap stocks. Large cap stocks are characterized by market...Read More
Good housekeeping is one area that could bring immense value to the investor. The number of financial products held by an investor these days is getting unwieldy. Documentation, preservation, operational...Read More
ICICI Prudential Asset Management Company has launched a 10 year close ended ELSS new funds offer (NFO), ICICI Prudential Long Term Wealth Enhancement Fund. The NFO opened on December 22, 2017 and will close on March 21, 2018...Read More
The equity market has been very volatile in the last two months, with the Nifty falling 1,000 points from its all-time high. Midcap and small cap stocks have been underperforming for more than a year now. Nifty Midcap 100 Index has fallen...Read More
Mr. Sharma’s family was left bereaved when Mr. Sharma lost his life in a fatal accident. The emotional loss incurred was unsurmountable but the family was tension-free when it came to the underlying financial loss. Mr. Sharma was the sole bread-winner of the...Read More
Section 80C of Income Tax Act allows tax payers to claim deductions from their taxable income by investing in certain instruments. The investment limit eligible for tax deduction in Section 80C has been increased to र 150,000 from...Read More
For those you in your twenties, you are feeling this is the best time of your lives. You are absolutely right. Gone are the days of financial dependence on your parents, you have chosen a career for yourself, some...Read More
Equity Linked Savings Schemes are mutual fund schemes which qualify for tax savings under Section 80C of Income Tax Act, 1961. You can claim up to Rs 1.5 lakhs deduction from your taxable income by investing in ELSS. ELSS investments have a lock-in period of 3 years. If you are investing in ELSS through Systematic Investment Plans, each SIP...Read More
If you have been investing in equity markets for a long time, both directly in equity shares of companies and through mutual funds, take a look at your portfolio of stocks and mutual fund schemes and ask yourself the question, which portfolio has given...Read More
The thought of risk is not something we all want to risk. Security is what our lives should be aimed at. As secure job, secure life, secure investments. So when you hear your friend getting great returns on a Mutual...Read More