Kiyosaki's cash flow quadrant is an interesting one not only for its economic sense but because it reflects the values and mindset of every occupant in this quadrant who in turn make up the business world...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
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
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
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
Life Insurance – an instrument which is favored by some due to the inherent tax benefits while others endorse the importance of having a life insurance cover. Though life insurance companies and also the regulatory body IRDA (Insurance Regulatory...Read More
Mutual Funds which stand the test of the time and deliver strong returns across different market cycles become favourites with investors. SBI Magnum Multiplier fund launched in 1993 is one such fund. In the last few years, the fund...Read More
Mutual fund reclassification directive by SEBI has brought a lot of clarity about different types of mutual funds for investors. In our view, retail investors had little awareness about different types of debt mutual funds and were often confused...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