Fixed maturity plans (FMP) are closed ended debt mutual funds which are very similar to fixed deposit by banks. These are of varying tenures like three months, six months, one and two years and rarely for three years. These schemes portfolio consists of debt securities such as Government Securities, certificate of deposit and commercial papers of [...]
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IDBI Mutual Fund has launched its second equity fund – IDBI India Top 100 Equity Fund which has opened for subscription on April 25, 2012. Investment Objective: To provide investors with opportunities for long-term growth in capital through active management of a diversified basket of equity stocks, debt and money market instruments. The investment universe [...]
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Gold has always fascinated us Indians. Traditionally the only way to own gold was in form of Jewelry which was passed from generation to generation. These jewelries are commonly made of 22 Karat gold which means 91.6% gold. Next, the fascination for pure gold lead to a market for 99.9% pure Gold coins and bars. [...]
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Whats in the name! said Shakespeare… but we differ here. Mutual fund names can tell you a lot more. The names tell you the broad strategy is the fund is going to follow for investment. This helps them differentiate from the plain vanilla equity mutual fund schemes. Growth Funds: This is the most common fund [...]
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Mutual Funds (MF) are one of the best investment vehicles to create wealth in the long run. And Systematic Investment Plan (SIP) the best way to invest in them. What if the Mutual Fund companies start offering free insurance with MF SIPs in their schemes! According to me it’s an excellent opportunity to start doing [...]
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There are times when you are very close to your financial goal and want to park your money for short term somewhere where it’s safe, it can easily be withdrawn and in the meantime get some reasonable returns. Here I am considering short term as less than 1 year investment horizon. There are three options [...]
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With start of new financial year 2012-13, a lot would change from today in personal finance space. Here is the list. Good News: Increased Interest on Small Savings Scheme like PPF, NSC, etc: The government has increased interest rates on post office deposits like PPF, NSC, Fixed Deposit, Recurring Deposit, and Senior citizen Scheme in [...]
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If you are regular with financial news & blogs, you might know that Fidelity International has sold its stake in FIL Fund Management (the asset management company) to L&T Finance. The deal was valued at about Rs 550 crore. After this acquisition by L&T finance would have about Rs 13,000 crore assets under management and [...]
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When the stock market is volatile the market is flooded with capital protection funds. These funds promises investors to give a minimum guaranteed return which is the capital invested or may be a nominal appreciation of 10% on the same at the end of investment tenure. But do you know you its easy to create [...]
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ELSS (Equity Linked Saving Scheme) also popularly known as Tax Saving Mutual Funds are one of the best investments you can do to save tax and create wealth in the long run. But unfortunately according to the proposed direct tax code ELSS would be a thing of past and it would no more be eligible as [...]
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There are advantages of being a woman – both financially and other wise. But this post focuses on the advantages the women have in the financial world. Income Tax Benefit: Under the current tax regime, women pay less tax than men. For the present financial year (2011 – 12), the tax exemption limit for women [...]
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Motilal Oswal is the latest mutual fund house to join the gold rush by launching its gold ETF (Exchange Traded Fund) – Motilal Oswal MOSt Shares Gold ETF. This is already a crowded space with more than a dozen gold ETFs, but is Motilal Oswal MOSt Shares Gold ETF different than already existing Gold ETFs [...]
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IDFC Mutual Fund has announced the re-opening of IDFC Premier Equity Fund for new subscriptions, with effect from March 1, 2012. Units will be available at the applicable NAV. Last time, it was opened on March 31, 2011. So whats so great about it? IDFC Premier Equity Fund is one of the best mid cap [...]
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With more than 1000 Mutual Funds, how do you select the best Mutual Funds for you? Ask the experts! Mint newspaper comes out with a list of 50 Mutual Funds every year. Below is the list of Mutual Funds for 2012 (Mint50) along with the reasons for recommendation. Equity – LargeCap DSP BlackRock – Top [...]
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