Archives for

Mutual Fund

Which is the Best day for SIP in Mutual Fund?

Our fancy for higher returns never ends! And for this we devise different techniques and strategies – one of them is “Timing the Stock Market” – in which you buy when markets hit the bottom & sell when its at the top. A very popular and simple concept but the only problem is no one [...]

How to Stop SIP in Mutual Fund? [Download Application Form]

Systematic Investment Plan (SIP) in Mutual Fund is one of the best way to accumulate wealth and works especially well for long term goals. Keeping this in mind investors do long term SIPs like 5 years, 10 years or even perpetual. Perpetual SIPs are those which have no ending date and so the SIP would [...]

Best Tax Saving Mutual Fund ELSS Fund to invest in 2011-12

Best Tax Saving Mutual Fund / ELSS Fund to invest in 2012-13

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 tax saving instrument under section 80C of Income tax. Nevertheless Financial [...]

Birla Sun Life Recurring Savings Plan – Review

Birla Sun Life Mutual Fund has put big front page advertisement in all leading dailies about its Recurring Savings Plan (RSP). On checking out the details of the RSP, you would realize it’s the same old Systematic Investment Plan (SIP) coupled with free group life insurance with a new name of Recurring Savings Plan (RSP). [...]

FMP VS Fixed Deposit – Where to Invest?

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 [...]

IDBI India Top 100 Equity Fund – Should you Invest?

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 [...]

Five Ways to Invest in Gold

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. [...]

What does Mutual Fund Name tells You?

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 [...]

Birla Sunlife Century SIP: Free Life Insurance with Mutual Fund

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 [...]

Personal Finance: Changes from April 2012

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 [...]

Fidelity Mutual Fund Sale: How it impacts you?

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 [...]

Best Tax Saving Mutual Fund / ELSS Fund to invest in 2011-12

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 [...]

IDFC Premier Equity Fund Opens for subscription – March 2012

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 [...]

50 Best Mutual Funds to Invest in 2012

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 [...]

Which is the best Life Insurance – Money Back or Term Plan?

At the time when life insurance companies are caught on the wrong foot with their ULIPs and stock market fluctuations, the focus has come back to the traditional Endowment & Money Back plans. Money Back Plan – In this kind of plan the insurance company, on survival, returns wholly or partially the premium paid by [...]

Disadvantages of Systematic Investment Plan (SIP) and the way out

I personally am a great fan of Systematic Investment Plan (SIP) in Mutual Funds. Also known as Rupee cost Averaging (in India) or Dollar cost Averaging (in US) it’s no doubt a well known strategy to create serious wealth in long term. But I have not found many sites talking about the flip side of [...]

Which Tax Saving Fund / ELSS Fund to invest?

It’s the time of the year when companies start asking employees to submit their proofs for investments for tax saving. And all of a sudden you realize you haven’t actually even thought about it. What follow is chaos & wrong investments. The storey is almost at this stage for one of my colleagues. We need [...]