SIP By SIP, Plan for a Secure Future!!!

Tuesday, July 17th, 2018 Amritesh no responses

Ever imagined that securing one’s future could be as easy as taking a “SIP” of Coffee? Sounds weird!!! Well, I’m going to explain as to how one can easily secure his/her future just by being financially disciplined. In my previous post I have already expressed the need to “Plan Your Investment”, in this post I will discuss the possible ways to achieve your Financial Goals with small investments. Attainment of Financial Goals does not necessarily require lump sum investments. The same may be achieved with the combination of smart planning, financial discipline and defined objectives. How SIP helps in “Planning Your Investment”? As all of you are aware, Mutual Fund is fast emerging as the preferred choice of investment among…

Investment in Mutual Funds: All You Need To Know

Thursday, June 28th, 2018 Amritesh 4 responses

Mutual Fund is emerging as the preferred choice of investment among investors. Moreover, since the interest rate in Small Savings Schemes is dropping, Individuals are turning to Mutual Funds. In my opinion too, Investment in mutual fund is one of the effective ways to manage your funds and ensure that one is able to meet his/her future financial obligations. Individuals with minimum or no knowledge about the Capital market may also invest in Mutual Funds and enjoy the benefits of high returns. Even though, investment mutual is prone to market fluctuations, but in the long term the returns are higher as compared to Endowment Insurance Plans or the Fixed Return Instruments. Mutual Fund industry began in India in 1963 with the…

Best Performing ELSS Mutual Funds for Investment in 2018-19

Tuesday, January 9th, 2018 Amritesh one response

Equity Linked Savings Scheme (ELSS) is Tax Saving Mutual Fund Investment Scheme. The investment in the scheme is eligible for Income Tax Deduction U/S 80C up to the maximum limit of Rs 1,50,000/-. However, the maximum limit is inclusive of other investment schemes eligible for deduction under Section 80C. ELSS has the shortest lock in period of 3 years among other tax saving investment plans. The returns on the ELSS are market linked which is moderately volatile, but investment over long period is considered safe. ELSS has potential to earn higher returns when compared to fixed return instruments. Furthermore, In Fixed Income Schemes returns are restricted which may not be sufficient to counter the inflationary trend. Thus ELSS provides the…

Systematic Investment Plan (SIP)

Sunday, April 23rd, 2017 Amritesh 6 responses

Systematic Investment Plan (SIP) is an intelligent way to plan your investments in mutual funds in order to minimize risk and maximize your returns. SIP allows Individuals to make periodic investments at their convenience (i.e Weekly, Monthly, Quarterly). SIP enables regular contribution to the fund at specified intervals. Thus the savings may be translated into investments which leads to maximization of one's wealth. Individuals may start with a minimum investment of Rs 500/-. Thereby, relieving individuals of the burden of making lump sum investment. Individuals may invest in SIP directly or via Demat account as per their choice, one may also invest through their respective Bank (Savings Account Holders) post completion of mandatory KYC formalities. Read about different types of Mutual Fund Investment in the link provided below. …

Benefits and Shortcomings of Systematic Investment Plan (SIP)

Sunday, November 9th, 2014 Amritesh no responses

Systematic Investment Plan (SIP) is a Mutual Fund Investment where one can make periodic investment in small amounts. This helps the investor as they don’t have to put in a lumpsum rather they can invest periodically with lesser amount. SIP helps you to plan and manage your investments more efficiently. Since you have to make periodic investments it also protects you from the sudden downward fluctuations in the market. Let’s look at some of the Benefits and Shortcomings of SIP.   Systematic Investment Plan   BENEFITS OF INVESTING IN SIP:-   Tax Benefits:- If you want to avail tax benefits under Section 80 (C) then you can opt for the ELSS option which allows deduction on the investment made in…