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
Funds of Funds (FOFs) usually invest in other mutual funds. They may be typically required to invest in mutual funds scheme managed by AMC, or invest across other funds or schemes managed by different fund houses. A fund of funds (FOF)—is also termed a multi-manager investment tool as it invests in other funds. In other … Read more
Why is power of compounding powerful? Simply because this strategy allows the interest earned to also earn interest leading to a growth in the value of investment. Using this strategy, the investments works hard for you. Therefore, it is a powerful tool used in the world of investments, which helps achieve your future goals. Now … Read more
For a beginner, investing in mutual funds can seem a difficult task. Understanding the meaning of mutual funds and how mutual funds work is the first step in the investment journey. A mutual fund means a fund established in the form of a trust to raise monies through the sale of units to the public … Read more
A mutual fund means a fund established in the form of a trust to raise monies through the sale of units to the public or a section of the pubic under one or more schemes for investing in securities, money market instruments, gold or gold related instruments, real estate assets and such other assets. In … Read more
The meaning of an SIP is that it is a mode of investment in mutual funds, wherein the investor puts in a fixed amount of money every month, similar to a recurring deposit. The meaning of an SIP is in its full form; Systematic Investment Plan. An SIP allows the investor to buy units on … Read more
Every investor, at some point in time, makes a mistake while evaluating investment decisions. There are five valuable lessons learned in the investing arena from these mistakes. Let’s understand them in detail. Mutual Fund returns over the past year: This is the most popular form of comparing two mutual funds. Comparing mutual fund returns … Read more
There are several online mutual fund investment platforms available. One can now invest in mutual funds online seamlessly through the different types of online mutual fund platforms available anytime, through a computer or a mobile phone. Individuals can look to invest in mutual funds online directly through the company website or their mobile app. Individuals … Read more
What is a Voluntary Provident Fund? VPF is an employee savings scheme that comes under the traditional provident fund savings scheme. However, under the VPF scheme, the contributor can decide the fixed amount for a monthly contribution. This contribution is not part of the 12% contribution by an employee towards his EPF. Advantages Safe option … Read more
Planning for your child’s higher education corpus may look quite daunting at the beginning to gather such a large amount of funds considering the increasing inflation rate. Still, it is achievable, provided you are planning early and start your investments with SIP i.e. systematic investment plan in a mutual fund. Plan your financial journey according … Read more