Skip to content

FAQ’s on Mutual Fund

Saving Rs. 30 a day can make you a Crorepati!

Saving Rs. 30 a day can make you a Crorepati!

sip

Becoming a Crorepati is a dream for every investor and it comes true by saving just Rs 30 a day, but how? Start investing in any of the diversified mutual fund through SIP (Systematic Investment Plan). But the fact is that start SIP as early as possible because the early you start investing the early you become a Crorepati. Warren Buffet the world’s most renowned and successful investor who ranks second in of the world’s billionaires list started investing in stocks at the age of just eleven.

Continue reading

What is Equity Linked Savings Scheme (ELSS)?

What is Equity Linked Savings Scheme (ELSS)?

Equity Linked Savings Scheme

An Equity Linked Savings Scheme (ELSS) is an open ended mutual fund which provides investors both the better capital appreciation in longer term and the tax benefits as it comes under section (u/s) 80C of the Income Tax Act 1961. ELSS has a lock in period of 3 years that means investors can exit from these funds by selling only after completion of 3 years from the respective investment date.

Continue reading

What is Rajiv Gandhi Equity Saving Scheme (RGESS)?

What is Rajiv Gandhi Equity Saving Scheme (RGESS)?

Rajiv Gandhi Equity Saving Scheme

Rajiv Gandhi Equity Saving Scheme (RGESS) is a tax saving scheme which was introduced by the Government of India in its Union Budget 2012-13. The main motto behind this scheme is to promote the equity investments among people and also to attract public participation in equity market. The equity investment means investments in shares of companies that are included in the BSE-100 or CNX-100 by purchasing shares or ETFs/Mutual funds which invest in stocks approved by the RGESS scheme.

Continue reading

What is Systematic Investment Plan (SIP)?

What is Systematic Investment Plan (SIP)?

Systematic Investment Plan

Systematic Investment Plan (SIP) is an investment option where a fixed sum of money is invested in a mutual fund at regular intervals. These intervals could be monthly or quarterly depending on investors’ choice. Before starting SIP, investors should identify the best funds and the amount required to achieve the financial objectives. SIP helps investors save and invest periodically over a longer period and get an attractive return at the end. Many investors try to buy stocks at low price and sell at high price to earn profit. But timing the market is very difficult and very irrational and risky.

Continue reading