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Mutual Funds

Shariah Compliant Mutual Funds

The Indian Mutual Fund industry comprises of 43 Asset Management Companies that offer over 2,000 Mutual Fund Schemes. The average Assets Under Management (AUM) of the Indian Mutual Fund Industry stands at over Rs. 24,00,000 crore. This industry has seen…


Understanding Form 16

When it comes to Income Tax and Income Tax Return Form 16 is the most sought-after form. It is basically used by establishments and companies to provide information regarding tax deducted to their salaried employees. Also, form 16 can be…


How to pay Advance Tax Online

Advance Tax, as the name suggests allows taxpayers to pay their income taxes before the end of the financial year. Individuals with a tax liability greater that Rs. 10,000 can avail the Advance Tax payment facility. The Advance Tax facility…

General, Investments

Life-Stage Saving and Investing

Saving is one thing that every Indian household embraces as a part of its culture and gets imbibed into our day-to-day routine. Realized or unrealized, each one of us starts saving for that favorite toy or dollhouse or sports watch…


What is a SIP?

What is a SIP? Systematic Investment Plans (SIPs), as the name suggests, allow investors to invest in Mutual Funds in a systematic manner. A SIP is linked to the investor’s bank account and deducts a predetermined amount towards a specified…


Fund Review: Axis Long Term Equity Fund

NAV: Rs. 17,426 crore (As on 28th February 2019) Exit Load: 0 P/E Ratio: 20.40 Expense Ratio: 1.93% Turnover: 103% The Axis Long Term Equity Fund is an open-ended, actively managed Equity Mutual Fund that predominantly invests in large-cap company…


Fund Review: HDFC Small Cap Fund

NAV: Rs. 6,312 crore (As on 28th February 2019) Exit Load: 1% for redemption within 365 days P/E Ratio: 15.62 Expense Ratio: 2.12% Turnover: 15% The HDFC Small Cap Fund is an actively managed, open-ended Equity Mutual Fund that carries…


Post Office Monthly Income Schemes

The Post Office Monthly Income Scheme (POMIS) is a Government of India backed Saving Scheme launched by India Post. The scheme allows the account holder to make deposits into this account which carries a maturity period of 5 years. Monthly…