A bank balance of Rs 1 crore is tempting to any salaried individual or a middle class person. But, the question is how to become a Crorepati? Making Lump sum or SIP investments into Mutual Funds can help in accomplishing the target in just few years. If you want a bank balance of Rs 1…
IDFC, one of India’s leading financial services provider, has voiced intentions of increasing its stake in IDFC Mutual Funds AMC by purchasing the 25% stake of Natixis Global Asset Management for an amount equal to Rs. 244.24 crores. This purchase will be carried out through IDFC’s completely owned subsidiary, the IDFC Financial Holding Company. […]
Even though “sharing is caring”, most of us prefer to share less with the tax man and add to our overall savings. The government allows taxpayers to legally save a portion of their taxable income up to a limit of Rs. 1.5 lakhs annually under Section 80C by investing in different financial products such as […]
Edelweiss Asset Management Limited (EAML) has introduced a new exchange-traded fund (ETF) named Edelweiss ETF – Nifty Quality 30. This ETF comprises 30 separate stocks from the Nifty Index, which were selected based upon quality scores provided by IISL (India Index Services & Products Limited). The ETF-Nifty Quality 30 is a unique open-ended fund, which […]
Table of Contents : What is Consolidated Account Statement? How to Generate a Consolidated Mutual Fund Statement Online? Benefits of CAS Summary of Consolidated Account List of Mutual Funds to Invest in 2020 A Consolidated Account Statement (CAS) is a statement showing details regarding all the mutual fund holdings across fund houses of…
In matters of savings and investments, an individual’s first priority is usually investments designed to bring about tax savings. While there are various tax savings options available out there under section 80C of the Income Tax Act, equity-linked savings schemes (ELSS) have emerged as one of the most popular options. ELSS is a tax-saving mutual […]
Table of Contents : What are Index Funds? 5 Best Index Funds to Invest Advantages of Investing in Index Funds How to Invest in Index Funds? FAQs Index funds are known to replicate the performance of an index in terms of returns at a minimal cost. These funds are also known as passive funds as…
Mutual Funds are an excellent way of investing for a child’s future. They can help pay for a child’s education, wedding, lifestyle choices, and even home purchase, depending on the returns you get. In this article, we explain how to invest in mutual funds for a child/minor. What are the Best Mutual Funds for Children?…
