Tax season is that time of the year when the accounting and tax services in Cambridge become active again and you need to take out all your accounting and tax reports as well as fill out the tax forms too. Do you wish to boost your tax returns and stay away from the most common … Read more
ELSS (Equity linked Savings scheme) investments is a tax-saving investment option under Section 80C of the Income Tax Act, 1961 that invest a scheme corpus in equity or equity-related instruments. They have the following features: 80% of the total corpus (minimum requirement) is invested in equity and equity-related instruments The fund invests in equity in … Read more
There are plenty of options to choose from for the average investor. However, to determine where to invest your money, you may have to establish a sound financial plan. Having a financial plan will help you achieve your goal and not get distracted from the market noise. Also, investors need to determine their risk profile. … Read more
The pandemic has changed consumer sentiments and banking behavior drastically. These behavioral shifts related to banking activities have forced financial institutions to adapt to digital payments and change their approach too. It has also accelerated digital transformation and probably a permanent change in customer interaction too. This measurable shift in banking behavior has led … Read more
Fund of funds Mutual Funds invest in other schemes of Mutual Fund, each specializing in their way of investing in a particular asset or a sector. A Fund of Funds Mutual Fund can have different funds of the same asset class such as Equity or can have funds investing in other asset classes such as debt … Read more
One factor which is directly responsible for inflation is the interest rates. Fund managers who manage an equity fund invest investor’s money in stocks through the stock markets. Though there could be several parameters that lead to the changes in the share prices, however, interest rates play a major role here. Interest rate changes correlate … Read more
Tax planning is usually done during the last three months of the financial season. Nevertheless, it is good if you plan it during the beginning of the financial year and avoid the rush of last-minute tax savings. Several options qualify for a deduction u/s 80C of the income tax act. One such option is the … Read more
For taxation purposes, we can divide the mutual fund into two categories; Equity and Debt. Tax on Mutual Funds such as fund of funds is treated as a debt fund even if the underlying instrument is investing in equity-related instruments. Tax on Debt Mutual funds withdrawal comes with indexation benefits when held for a duration … Read more
Though Tax planning can be challenging, it can also be rewarding if you choose the right mode of investment. If you are looking to save tax and long term risk-adjusted returns from your investments both, then maybe you may consider adding an ELSS tax saving mutual fund to your portfolio. The simplest thing to do … Read more
Liquid funds in India, as the name suggests are liquid. This means they can be easily converted from invested money into useable money. They have minimum 7 day’s of exit load. . Before focusing on why to use liquid funds in India for emergency corpus, let’s focus on how to build an emergency fund. Examine … Read more