Introduction: ELSS funds known as Equity Linked Saving Scheme are mutual funds that invest a significant portion of their assets in equity or equity-related securities. ELSS funds are also referred to as tax-saving plans since they provide an annual tax exemption of up to Rs. 1,50,000 under Section 80C of the Income Tax Act. As […]
Equity Linked Savings Scheme (ELSS) Investing & its Benefits: Read More »
What are Habits? Let us begin by defining habits. Habits are the minor choices and actions you make on a daily basis. According to Duke University studies, habits account for around 40% of our daily activities. Today, your life is mostly defined by your habits. How fit or out of shape are you? Your habits
10 Simple Habits to Overcome Poverty and Become Rich! Read More »
What is a Sukanya Samriddhi Account? Sukanya Samriddhi Yojana is a scheme that aims to improve the lives of girl children in the country. Sukanya Samriddhi was developed to provide a savings option for every family’s girl child. SSY is valid for 21 years from the date of account establishment or until the girl reaches
Sukanya Samriddhi Yojana Features, Benefits & Eligibility Criteria Explained: Read More »
What is a Systematic Investment Plan (SIP)? A Systematic Investment Plan (SIP), often known as a SIP, is a service provided by mutual funds that allow investors to invest in a disciplined manner. A SIP allows an investor to invest a set amount of money in a mutual fund scheme and such at predetermined intervals.
Best Way to Invest Rs.5,000 per month to Become Crorepati! Read More »
What is a SIP? A Systematic Investment Plan (SIP), often known as a SIP, is a service provided by mutual funds that allow investors to invest in a disciplined manner. A SIP allows an investor to invest a set amount of money in a mutual fund scheme and such at predetermined intervals. It’s where you
What is SIP? Its Types, Benefits & Drawbacks explained Read More »
What are Index Funds? An index fund is a form of a mutual fund or exchange-traded fund (ETF) that invests in the components of a financial market index, such as the Nifty 50 or the Sensex 30 Index. A mutual fund that invests in indexes is considered to offer broad market exposure, low operational costs,
How to Invest in Index Funds? Top Index Funds, Benefits and risk-return explained: Read More »
Intorduction: Income tax is a direct tax that a government levies on the income of its citizens. In India, we segregate our income into 5 heads. That is Salary, House Property, Profit & Gains from Business or Profession, Capital Gains, and Other Income. And, in order to benefit those paying tax, and indirectly promote certain
Income Tax – Old Scheme v/s New Scheme. Which is better? Read More »
Introduction: I try to manage my portfolio just like any professional portfolio manager would. Have been doing it for over half a decade. And, throughout the journey, I have made all kinds of mistakes, and maybe this has made me a better investor than I was during 2014. And, what I observed is that with
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What is a Balance Sheet? A balance sheet is a document that provides information about the company’s financial performance (present & past). It gives a clear distinction between asset and liability. This gives an indication of the company’s financial health. At any particular point in time. The worth of a company can be found by
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What is a Portfolio? A portfolio is a collection of financial instruments such as stocks, ETF’s, Mutual Funds, and other assets that are strategically put together to beat the overall market average return and to have a rate of return (ROI) that’s comfortably over the average inflation rate. A portfolio may include a wide range
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