Mutual Funds

  A typical search history for a young professional living in Bangalore, who has just started receiving steady salary might look like:  "Highly-rated restaurants in Bangalore" "Popular travel destinations in India" "Top-performing mutual funds in India"   While it's tempting to spend all your salary on the luxuries you’ve been dreaming of, your financial responsibilities and monthly expenses should take precedence. However, this does not mean that all your dreams have to fade away entirely. To make sure you fulfil all your dreil all your dreams and obligations, start saving and invest in mutual fund online in India in order to achieve good returns.   Let's begin by answering the question, "What is a mutual fund?" Before we proceed, let's quickly review the basics. Mutual funds are investment schemes managed professionally by asset management companies (AMC) to meet the needs of individual investors. The AMC pools funds from multiple ...

Equity-linked savings scheme ( ELSS ) is a kind of mutual fund scheme that essentially invests in equities, i.e., the stock market. It is an attractive avenue in which investments of up to ₹1,50,000 qualify for a tax deduction per the Income Tax Act of India, Section 80C. But should you choose a systematic investment plan (SIP) or make a lump sum deposit to invest in this scheme? Here's a look.  Differences Between SIP and Lumpsum Investment SIP Lumpsum You can invest a fixed amount of money at regular intervals (annually, half-yearly, quarterly, monthly or weekly). You need to buy the chosen number of units in one go. It doesn't depend on the timing of the market. It uses the strategy of timing the market.  You can develop financial discipline by building the habit of making regular and planned investments.  It doesn't foster financial discipline since it involves a one-time investment. It doesn't depend only on market turbulence.  It is very market-responsive....