Yes, from 1st April 2010, you’ll earn more money for every rupee that you deposit in your bank account. Though the interest rate of 3.5% p.a. on your bank balance remains the same, what has changed is the method of calculating the interest. Let me explain. read more..
You know that ‘Highest NAV Guarantee’ plans give you the guarantee of highest NAV but what you don’t know is that they don’t guarantee the highest returns. Confused? let me explain. read more..
SEBI has reduced the New Fund Offer(NFO) period from existing 30-45 days to 15 days. It has also allowed the use of Application Supported by Blocked Amount(ASBA) facility while applying to new fund offers. read more..
It has long been a common belief amongst the investing community that for the same life insurance cover, Mutual Fund + Term Plan combination gives a better return than an Unit Linked Insurance Plan (ULIP). While this was true till recently, the change in charge structure and the subsequent abolition of service tax on charges in ULIP have tilted the scale in favour of ULIP. read more..
Know exactly what you need to pay as tax when you invest in Mutual Funds. Click here to view updated tax rules for mutual funds as per the provisions of Finance Bill 2010. The document gives details of tax related to short term gains, long term gains, dividend income, dividend distribution, tds, etc on Mutual Funds for resident individuals, firms, HUF, NRI, etc. read more..
You’ve worked hard to earn money. And you want investments that keep your money safe. Traditional deposits come to mind first. But with safety, wouldn’t you also like to get better returns? read more..
Is it really possible to invest at a price lower than the market price? The answer is Yes, it is possible and that too in a perfectly legal way, by following the age-old principle of Rupee Cost Averaging. read more..
The great Albert Einstein once said “The most powerful force in the universe is compound interest“. So what is this compounding all about and what is so special about it to get such a compliment from the great scientist? Lets try to understand. read more..
Why should you save and invest? The answer is simple. You save now so that you can spend it later. You invest the saved money so that it grows and you can spend more than what you had saved. read more..
