SIPs are Systematic Investment Plans where money is deducted from your bank account and invested automatically. With an SIP, you’re able to purchase fund units at different levels of the market. To start invest in mutual funds in SIP, open saving account in one of the bank, get cheque book for the account and internet banking for the account. To ...
If your monthly salary is more than 30,000, you have to pay income tax based on your salary. You can save money on tax by proper planning of section 80C. Income tax 80C allows deduction of 1.5 lakhs from your salary. It would save 10,000 tax on your salary as well as it would encourage you for investment. In India, ...
Mutual funds are best investment in india. It is easy to start mutual funds investment. Analyse the mutual funds are easy with the help of source from the internet and attributes of mutual funds. Let us see why mutual funds considered best investment, Experience of fund manager and Diversification of investment.: Each mutual fund is managed by experienced fund manager. ...
To make investment and fund objective simpler, SEBI has defined criteria for each fund and group the funds based on the strategy and investment duration. Previous post, we discussed about equity mutual funds. In this post, we would discuss newly updated debt and hybrid mutual funds categories and it objectives. Debt Mutual funds : SEBI has classified debt funds based ...