Monthly Archives: August 2017

Start your SIPs with Rs 500

Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich Top 10 Tax Saver Mutual Funds for 2017 – 2018 Best 10 ELSS Mutual Funds to Invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2.… Read More »

Power of Compounding in Investments

Power of Compounding in Investments Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich Top 10 Tax Saver Mutual Funds for 2017 – 2018 Best 10 ELSS Mutual Funds to Invest in India for 2017 1. DSP… Read More »

FD Interest Rates Falling, Invest in Debt MFs

Invest Debt MFs Online Investors may need to tweak their debt investment strategy as falling interest rates has taken the sheen off traditional fixed deposits. Financial advisors say the 15-25% decline in interest income from fixed deposits requires investors to spread investments to non-convertible debentures (NCDs) and debt mutual fund schemes to boost returns. Those… Read More »

Atal Pension Yojana contribution Tax Benefit for spouse

Contributions to Atal Pension Yojana (APY) are eligible for the same tax benefits as the NPS. This means that the contributions can be claimed under Section 80CCD (1B). The current limit for Section 80CCD (1B) is Rs 50,000, over and above the Rs 1.5 lakh limit under Section 80C. Section 80 CCD (1) is a… Read More »

What is in a Credit Score?

Credit Score A credit score is a three digit numeric summary of your entire credit history. It is prepared based on the information provided in your Credit Information Report. The credit score normally ranges between 300 and 900. Most banks and financial institutions rely on this figure to determine the creditworthiness of potential borrowers. In… Read More »

Mutual Fund Costs

Invest Mutual Fund Online Keep in mind these five points about mutual fund costs before you invest in a fund Fund returns are net of all costs When comparing mutual funds with other investments like ULIPs, note that the NAV-based returns of mutual funds are net of all expenses. In fact, the expense ratio is… Read More »

How to save your Term Insurance premium

While buying a term plan, many will concentrate only on the comparison of Term Insurance Premium of different companies. However, there are other methods by which one can save their term insurance premium. Let us see them in detail. #1: Using Life Insurance Ladder– How you arrive at the sum assured requirement for your life… Read More »

Tips to save Income tax for Salaried Person

Often, investment for most individuals begins and ends with tax planning. Although it is pertinent to avail tax breaks, this should not be the sole focus. Start by jotting down your key financial objectives, the tentative time of money requirement and the corpus needed to achieve those goals. One can use tax saving investments effectively,… Read More »

BNP BARIBAS LONG TERM EQUITY Fund

Invest BNP BARIBAS LONG TERM EQUITY Fund A ELSS Tax Saver Fund This fund has in recent years shrugged off its anaemic initial performance with the help of its current fund manager. Although far from setting the pace in its category, it has delivered decent out performance. It adopts a flexi-cap approach, while maintaining a… Read More »

eKYC for Mutual Funds

eKYC in MFs   The Securities and Exchange Board of India (Sebi) has issued guidelines under The Prevention of Money Laundering Act, 2002 (PMLA) which requires investors to be KYC (Know Your Customer) compliant before investing in mutual funds. Completing KYC for investors was a major hurdle for distributors to get investors on board.… Read More »