Equity Linked Saving Schemes (ELSS) or Tax Saving Mutual FundsSchemes are also known as popular tax-saving investments. Section 80C of the Income Tax Act is the major reason for this popularity. Along with ELSS another investment avenue that comes under Section 80C are:-
Life Insurance, Public Provident Fund (PPF), National Savings Certificates (NSCs), Senior Citizen Savings Scheme (SCSS), Post ... Read more
Understand how much risk you’re willing to take in order to reach your financial goals - understanding this is the key to choosing which type of Mutual Fund you will eventually invest in. High-risk investments have the potential to provide the highest returns but also come with the possibility that the invested capital could be lost. Medium risk investments will try their best not to lose the invested capital, but in ... Read more
There are thousands of mutual funds in India handling thousands of crores of Rupees.
Mutual funds are an investment tool that pools money from several investors and invests it in company stocks, bonds, government instruments, etc. in order to generate a profit for investors. This profit may be paid out as dividends to investors (dividend plans) or reinvested by the fund for capital appreciation (growth plan), There are many different types of mutual funds based on various ... Read more
Mutual funds investment can multiply your wealth.
- Minimal risk as compared to other investments.
- Portfolio diversification is possible - meaning that you don’t put all your eggs in one basket.
- More chances of success and profitable returns thanks to investment diversification.
- Mutual funds are actively managed and employ a ... Read more
Investing in mutual funds through SIP online is faster, easier, and more efficient than the traditional way. The online SIP investment route doesn’t require a ton of paperwork or frequent trips to an office for signatures. Investors simply register with their email ID and phone number and submit digital copies of ID/address proof online. A secure account is then created and the investor can pick and choose the ideal fund, as ... Read more