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Showing posts from March, 2014

How ELSS Mutual funds can grow your money & save tax too

There are various tax saving investment options where an individual can save tax u/s 80C of Income Tax Act. However, all such investment options come with fixed returns. One of the best ways to grow your money along with saving tax is to invest in Equity Linked Saving Scheme (ELSS) Mutual Funds in India. What are Equity Linked Saving Scheme (ELSS) Mutual funds? ELSS mutual funds in simple term are mutual fund schemes that invests 65% in equity related instruments that are notified to avail tax benefits. Investment in such ELSS MFs would provide tax benefit to investors u/s 80C, which is capped to a maximum of Rs 1 Lakh. How do you benefit from ELSS Mutual funds?   There are various ways you would benefit from ELSS mutual funds. 1)  ELSS mutual funds help you to grow money:  Since ELSS mutual funds invests in equity related instruments, these schemes would help you to grow your money when the stock market grows over a period of time. 2)  Save tax u/s 80C up to Rs 1 Lakh:  By i

Over 80% investors satisfied with Indian Mutual Fund schemes: Survey

The survey conducted by Financial Intermediaries Association of India (FIAI), also found that more than 60 percent of the mutual fund investors were content with services of distributors and advisers of investment schemes. More than 80 per cent of investors in the country are satisfied with their mutual fund schemes, a survey by trade body of financial distributors said. The survey conducted by Financial Intermediaries Association of India (FIAI), also found that more than 60 percent of the mutual fund investors were content with services of distributors and advisers of investment schemes. The survey targeting mutual fund investors was conducted across the country and covered all segments of individual clients - retail as well as HNI - across all age groups.  As much as 86 per cent of the investors in mutual funds were found to be satisfied or neutral about their investments , while the rest had expressed low satisfaction with their fund investments, the survey said. Moreover, 15

5 tips to create a household budget

Setting up and sustaining a budget is crucial to achieving financial goals. Here are the things you should keep in mind while creating one. 1. Separate needs & wants The first step in creating a budget is establishing the cash flow, that is, listing out the income and expenses. Next, identify the things you spend on and segregate the items into two categories— necessities and discretionary spends. The first includes things that are indespensable, like groceries, rent and utilities, while the second comprises wants or recreation (dining out, weekend trips, movies). It is essential to first provide for your needs, which means that you should pay your utility bills and carry out grocery shopping before buying the latest gadget. This may involve some sacrifices, but will ensure long-term stability. So try to be honest with yourself while identifying where and how much you are spending  and stick to the budget   2. Don't count the extras While listing out your income, don&

Excellent Tips from Warren Buffet

Mutual funds: Proven investment formula

Are you planning for your child’s wedding or deciding on your new house? Do the thought of funds daunt you? Mutual funds could be your answer. Being the brain-child of Wall Street, mutual funds offer hassle free investment opportunities that can cater to different risk profiles. Understanding the nuances of investing in mutual funds requires hard work and the returns take on a learning curve. With meticulous planning, the rewards from mutual funds will far outweigh the required efforts. To know more about mutual funds and its different flavours, do read the following section on how these can be suited for individual investment requirements. Are mutual fund investments the one stop shop? Imagine you are unwell and need medical advice. Which doctor would you resort to? Medical science these days has numerous specialties and for the best advice you need to visit the doctor who has specialized in the area where you need consultation / advice. This increases your chance of recovery

Mutual fund schemes that tripled money in 5 years

Investments in top mutual funds yield better returns when an investors sticks with it for the long term. While sector based funds have been providing high returns, they come with a higher risk. On the other side, large cap mutual funds have been providing good returns in the long run. Here are some of the mutual funds which have tripled the money in the last 5 years which are worth considering for investment.  1)Fund A: This mutual fund scheme invests primarily in shares of companies that are included in the BSE 200 Index. Performance of the fund: Its 5 year annualized returns are 25%. It gave 9% annualized returns in last 3 years. If you have invested Rs 10,000  five years back, your investment would have been Rs 30,518 . Who should invest: This is a good fund for those with a medium risk appetite, but looking for good returns in the long run.  2)Fund B: This mutual fund scheme invests in top 20 large cap stocks among the top 200 stocks listed on BSE based on market capitalizatio