Here is a comparison of Top 5 ELSS Schemes 2016: Equity-Linked Saving Schemes (ELSS) are one of the best tax saving avenues that would help you generate a sizable corpus to meet your long term goals. These are open-ended diversified equity mutual fund schemes that have a lock-in period of 3 years. Investment in ELSS […]
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Choosing between Value, Growth or GARP: Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Stock-picking is a process wherein you conduct a systematic analysis to select a few stocks to add to your
Value, Growth or GARP: Which is a better investing strategy? Read More »
Procedure to apply for an IPO via ASBA: Whenever a company is raising money through an Initial Public Offer(IPO), three categories of investors bid for it namely Retail Individual Investors (RIIs), Qualified Institutional Bidders (QIBs) and Non-Institutional Investors (NIIs)/ High Networth Individuals (HNIs). So, if you are a retail investor and want to invest in an IPO, you
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Everything you should be aware of before you choose to invest in Fixed Deposits: Fixed Deposits commonly known as Term Deposits, are fixed interest bearing debt instruments which need to be held for fixed duration with the particular issuing entity. These impose penalties on premature withdrawal and require you to stay invested for the predetermined duration. You get flexibility to choose the
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Fixed Deposits vs Debt Funds: Which one to choose between the two? Bank Fixed Deposits in India are considered to be one of the safest instruments for investment. After all, they promise you a fixed rate of return along with the safety of your capital. Not many people know that they could lose their FD money in the
Fixed Deposits vs Debt Funds: Which is a better investment option? Read More »
Knowing Debt Funds & the risks associated with them: Debt Funds primarily invest in fixed income instruments of varying maturities such as Government Bonds, Debentures, Money Market Instruments, and Corporate Bonds, etc. To diversify risk, investors prefer to hold a certain proportion of their portfolio in debt funds. It is so because debt funds have the
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Here is all about a new initiative by RBI to restrain illegitimate money collection schemes: It was as recent as December 2015, when one of the Ponzi schemes came into limelight. It was with the arrest of the chief of Sai Prasad Group of Companies, he was arrested for collecting up to Rs. 2000 crores from around 20 lakhs
Sachet: A new initiative by RBI to curb illegal money collection schemes Read More »
Important factors to be considered before you select a Term Insurance Policy: Benjamin Franklin once rightly said that “In this world, nothing can be said to be certain, except death & taxes”. So, you need to understand that your demise may leave your family in a financial jeopardy. Being the breadwinner, you are responsible for
How to choose a good Term Insurance Policy that suits you best Read More »
Significance of Seventh Pay Commission for your financial planning: The Seventh Pay Commission, implemented by the government with effect from 1 January 2016, will have multifaceted repercussions on the country’s economic front. On one hand, the Seventh Pay Commission will enhance the annual fiscal expenditure of the government by an amount of Rs. 1.02 lakh crore,
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Here is a list of 10 leading Monthly Income Investment choice in India: It’s always a great feeling when you are financially Free and don’t have to worry about your monthly expenses. When investing for monthly income, all of us would love to have our principal intact and at the same time get high and
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