Who Should Invest in ELSS Mutual Funds and explain Tax Implications on ELSS?

Equity Linked Saving Schemes, ELSS, are quite popular among investors. These schemes allow you to invest in equity oriented securities for good returns. The lock-in period of three years gives you the benefit of disciplined savings and the tax benefits are the icing on the cake. However, when investing in ELSS mutual funds, you shouldContinue reading “Who Should Invest in ELSS Mutual Funds and explain Tax Implications on ELSS?”

Advantages of Money Market Funds and how tax is applied to it

The world of mutual funds is wide and varied. There is something for everyone. The risk-loving investor can opt for equity funds while debt funds fit the bill for the safe investors. Basis SEBI’s re-classification exercise, there are 16 types of debt funds. This classification is primarily basis factors such as the type of debtContinue reading “Advantages of Money Market Funds and how tax is applied to it”

Best App to buy term insurance within a few clicks

The importance of a term insurance plan cannot be stressed enough. The plan covers the risk of premature death and provides your family financial security even in your absence. If you invest in a term insurance plan, you can leave behind a source of income for your family even when you, the breadwinner, are notContinue reading “Best App to buy term insurance within a few clicks”

How and why are low duration funds essential for your portfolio?

2017 witnessed a major event in the Indian mutual funds space. SEBI launched a re-categorization and rationalization exercise to ensure that mutual funds remain “true” to their label and schemes within the same category share uniform characteristics. For investors, this re-classification of debt funds, equity funds and hybrid funds would translate into simplicity and standardization.Continue reading “How and why are low duration funds essential for your portfolio?”

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