Table of Contents : Meaning: Exchange Traded Funds Benefits Limitations of ETFs Best Equity ETFs Best Gold ETFs What are Exchange Traded Funds ETFs or Exchange Traded Funds are a type of pooled investment funds which invest in diversified securities such as equities, bonds, commodities that track an underlying index. An ETF passively tracks an…
हिंदी में पढ़ें A Systematic Investment Plan or SIP invests a fixed amount in a mutual fund every month. SIPs have become a hugely popular mode of investment with a monthly SIP flow of around Rs 8,000 crore in March 2019, accounting for almost 55% of total gross inflows into equity funds. Here is a…
Equity Linked Saving Scheme (ELSS) or Tax Saving Mutual Funds are eligible for tax deduction under Section 80C of the Income Tax Act, 1961. Their high returns and short lock-in make them one of the most popular tax-saving options under Section 80C. ELSS funds are required to invest at least 80% of their assets in…
हिंदी में पढ़ें Retirement planning involves the process of determining retirement income goals and deciding the necessary means to achieve those goals. The long-term nature of retirement planning makes mutual funds a good fit for meeting retirement income goals. However, tactical plays like sector or thematic funds cannot work because of high volatility risk. Nor…
GPF or General Provident Fund is a savings scheme available to government employees. EPF or Employees’ Provident Fund is a savings scheme available to employees in companies with more than 20 workers. PPF or Public Provident Fund is available to everyone – whether employed, self-employed or unemployed. Criterion GPF EPF PPF Eligibility Only govt employees…
In her maiden budget speech, the finance minister, Nirmala Sitharaman, while presenting Union Budget 2019, has announced for a number of changes to the National Pension System (NPS) scheme. National Pension System is a government-backed pension scheme which voluntarily pools resources and invests in various securities including equity, corporate bonds and government bonds. Here is…
The Union Budget 2019-20 was presented in the parliament today by the newly appointed finance minister, Nirmala Sitharaman. The government aims to grow the economy to US$5 trillion by the 2024-25 financial year. The minister said that India will become a US$3 trillion economy in the current year. While there were several announcements made affecting…
What are Mutual Funds? Mutual funds are a type of investment schemes that pools together investors’ money and invest it in different types of financial instruments such as stocks, bonds, government securities, gold, etc. Mutual funds are managed by professional investment managers called fund managers. These experts buy and sell securities on behalf of investors….
The Central Board of Direct Taxes (CBDT) has notified certain changes in Form 16, the salary TDS certificate, seeking more details about exempted allowances under section 10 of the Income Tax Act, 1961. The new format as notified by CBDT will come into effect from May 12, 2019. Section 10 of the Income Tax Act…