With the financial year nearing its end, it is time when tax payers start evaluating various tax saving options available under Section 80C. While investment products like Unit Linked Insurance Plans (ULIPs), endowment policies, Public Provident Fund (PPF), National Savings Certificate (NSC) and tax-saving bank fixed deposits comes first to their mind; Equity Linked Savings […]
HDFC Mutual Fund launched an open-ended notified tax savings-cum-pension scheme called HDFC Retirement Savings Fund. The new fund offer (NFO) opened for subscription on February 5, 2016 and closes on February 19, 2016. The investment objective of the scheme is to generate corpus to provide pension to an investor in the form of income […]
Investing in the money market is probably one of the best ways to turn your wealth into a truly high-performing asset that increases your net worth over time through the power of compounding. The equity market may be the de facto choice for investors looking for investments that outperform inflation no matter what their level […]
A SYSTEMATIC investment plan (SIP) is an investment method wherein a fixed sum of amount is regularly invested in a mutual fund (MF) scheme. The mode of investment is similar to saving in a regular savings scheme, such as recurring deposit. An SIP lets you to systematically invest small amounts on a regular basis with […]
Piyush Chopra has been working for two months at his first job. Although he does not have hard and fast financial goals yet, he wants to amass a reasonable portfolio by the time he is 30. His monthly income is Rs.1.3 lakhs and his expenses are approximately Rs. 20,000. He wants to know how to […]
Any type of financial investment needs proper planning and ELSS (Equity Linked Savings Scheme) investments are no different. The ELSS is considered by many as one of the top tax saving investment options due to its short lock-in period and potentially high ROI. As per historical records, ELSS tax saver mutual funds have outperformed every […]
Reliance Mutual Funds, the mutual funds arm of the Reliance Group of Industries, has announced dividend in the Reliance Corporate Bond in both the regular as well as the direct plan dividend option. The dividend is being provided according to the Rs. 10 face value on each bond unit at the rate of 1.6956 for […]
As more and more banks provide lower rates of return on FDs and savings accounts, mutual funds emerged as a preferred investment route for investors from various walks of life. In fact, the reach of mutual funds in India has now moved beyond just the larger cities and has now moved on to even the […]
DSP BlackRock Mutual Fund Investment Managers, one of India’s leading asset management companies, has introduced the DSP BlackRock Nifty 50 Fund, according to an Economic Times (ET) report. This is the first passively managed fund introduced by the AMC and would feature investments with equal-weightage variation of the Nifty 50 Index. The new scheme […]
ICICI Prudential Mutual Fund has revised the maximum investment amount permissible for an investor for two fund schemes. The fund house has issued a notice according to which an investor is allowed to invest a maximum amount of Rs. 50 crore in ICICI Prudential Regular Savings Fund and Rs. 100 crore in ICICI Corporate […]
