Category Archives: Uncategorized

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 »

Fund of Funds and Tax

Taxation for fund of funds (FoF) is similar to that of debt mutual funds. The redemption will qualify for long-term capital gains tax if your units are held for three years (36 months) or more. The long-term capital gains tax will be 20 per cent with the inflation indexation benefit. If your investments are redeemed… Read More »

Income Tax benefits on House Rent

To meet the high costs of living in rented accommodations, employers pay house rent allowance (HRA) to their employees. India’s income tax laws also provide benefits to people who do not own a house and live on rent, without receiving HRA. However, the tax benefit differs, in each case. Tax benefits available to salaried people… Read More »

KOTAK TAX SAVER Fund

Invest KOTAK TAX SAVER Online This fund has been a decent performer through the years, without really standing out in its category. It manages to beat its benchmark consistently, but at times struggles to keep up with many of its peers. It tilts towards bluechips and largecaps compared to peers. While its top picks are… Read More »

ULIP with negative returns

It is not worth holding on to a unit linked insurance plan (ULIP). Exit from it to limit your future losses. ULIPs charge hefty costs, particularly in the initial years, due to which your actual investment amount is much lower than the premium you pay. As a result, the residual investment is not sufficient to… Read More »

Check LIC Policy status

Check LIC Policy status without registration by Mobile Phone or SMS Many of LIC policyholders might be struggling to get their status. Because they feel it is cumbersome to visit LIC Office, contact agent or creating login to check on LIC Portal. But do you know we can check LIC Policy status without registration through… Read More »