Equity-linked Saving Schemes are mutual funds that have a majority of the financial corpus invested in equity. Under Section 80C of the Income Tax Act, 1961 these investments have various tax advantages which have been listed below. 1. Lock-in Period:…
The first step in setting up a solid financial plan is to make sure you have a sufficient health insurance plan. With the rising costs of medical procedures and medicines, it is very important to have a strong health insurance…
Life insurance is one of the most essential investments for any individual to make. It provides the dependents of the insured a financial safety net in case of their demise. There are various tax benefits to investing in life insurance…
House Rent Allowance (HRA) is a component of an individual’s salary to meet the expenses of renting an accommodation. HRA is not a fully taxable component of a person’s salary, as there are exemptions provided under Section 10 (13A) of…
The Income Tax Act, 1961 has provided deductions under Section 80C for various investments. A maximum amount of Rs. 1.5 lakh can be claimed as a deduction under this section. As investments in financial assets are increasing many tax-centric…
The profits you generate out from your Mutual Fund Investments are termed as Capital Gains. Mutual Funds are taxed based on the gains you make from the capital you had invested. So if you suffer a loss – No Tax….
Being a crorepati is not just a question but a bucket full of aspirations, hopes, dreams, and desire, which certainly everyone wants before it gets spilled off. India is home to more than 2,50,000 Crorepati and it is reported that…
Qualitative Methods focus on the detailed description of the situation, events and people to infer conclusions. Qualitative Methods are useful in determining the Future prospects of the Fund. Investment Team: The future returns of the fund are largely dependent on…
Before doing anything new, everyone faces some kind of perplexity, should I try this or should I drop this idea? What if I fail or results don’t work out in my favor? The fear of losing stop people from coming…
How easy is it to select the Best Funds from about 40 Mutual Funds and Hundreds of Schemes? Definitely not easy. Suppose we do select a few. Will those funds be the Best? Not Sure So, in this difficult and…
