Equity linked saving schemes mostly known as ELSS is a mutual fund scheme where your investments are eligible for deductions under 80C of the Income Tax Act. It means your investment can get the benefit of equity appreciation and tax benefits altogether. As per SEBI, ELSS has to invest at least 80% in equity or […]
What is an ELSS MUTUAL FUND (Equity Linked Saving Schemes)? Read More »
As an investor, asking questions like ‘What are index funds in India” before investing is a solid way to educate yourself before making your investment. So, here is detailed information about Index funds In India and how they work, what are their benefits and drawbacks. As the name suggests, these funds invest in the stocks of
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Liquid Funds SEBI categorization of mutual fund schemes, define liquid funds as funds that invest in debt and money market securities which mature in 91 days only. They are called liquid because units can be converted to money and get credited to accounts very easily.Benefits of investing in liquid fundsA good alternative to savings accounts
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Sectoral mutual funds, Their Benefits and Drawbacks.As the name suggests, sectoral mutual funds invest primarily in the stocks of specific sectors, such as real estate/infrastructure, technology, pharmaceuticals, banking, and financial services.And, as per SEBI’s guidelines, these types of funds have to invest minimum 80% of their assets in equity and equity-related instruments. It means, 80%
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I have been working for more than 14 years now. I joined my first job in July 2007. Every July, I complete one more year of my working life. I never considered retirement at the beginning of my career; it was not on my mind. But this wasn’t unique to just me. Most people I met in
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Most people have some type of debt. Consumer debt can come in many shapes, credit card debt, student loans, car payments, personal loans, etc.For this article, we will not include mortgage debt.Due to the ease of borrowing money from financial institutions and the easy access to online credit card companies, more and more people end
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If you are concerned at all with personal finance and managing your money as best as possible, then I’m sure you have already heard the term money market accounts floating around. Or, perhaps, you are more familiar with its acronym – MMA. Either way, what you might not know is the definition of money market accounts,
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You don’t need a lot of money for making money by investing. If you have the necessary skills, desire to learn, and will to succeed then none can stop you from making money with small investments. The only thing that matters is starting and moving ahead to live your life of dreams, love and peace.And
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How you can go and learn to demystify the process of earning passive income without even having any money. Does not it look weird to you? Or you might be thinking this is another hoax. But, don’t be in a hurry in concluding this until you scroll below and learn what I am going to
Rakesh Jhunjhunwala’s Winning Investment Strategies Explained Read More »