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Why is Mutual Fund Investment Important for College Students?
Investing in mutual funds is a great way to start a financial journey, especially if someone is young, a student or they are in their early career phase. This is primarily because mutual funds are a great way of saving money and can help create wealth in the long term. Regardless of this, continue reading if you want to know the benefits of mutual fund investment for students. Importance of Investing in Mutual Fund for College Students ...
Factors to Consider When Interpreting SIP Return Calculator Results
Systematic Investment Plans (SIPs) are a popular investment option for investors looking to create wealth over the long term. SIPs allow investors to invest a fixed amount of money regularly in mutual funds, making it a convenient and disciplined investment option. SIP return calculators are a useful tool for investors to evaluate the potential returns on their SIP investments. However, it is essential to consider several fac...
Mutual Funds in India: Millennial Investment Rises
Millennials (born between 1981 and 1996) have long been viewed as an irresponsible bunch with little or no interest in financial planning or investing. Get ready to change this misconception as we give you some latest news doing the rounds! A recent report by CAMS said that 54% of first time investors in mutual funds over the course of the past 5 years are millennials, which equates to 85 lakh millennial investors during the ...
Choose Mutual Fund Investment to Save for Marriage
In India, marriage is a big deal. The big fat Indian wedding can spread across days and involve several rituals, functions, and expenses. According to a report by KPMG, Indian weddings can cost anywhere between Rs. 5 lakh to Rs. 50 million depending on the grandeur. Furthermore, an Indian is likely to spend around a fifth of his lifetime’s wealth on a wedding. Given these startling figures, it’s no wonder that people are turning to mutual fund investment to foot th...
Number of Women Investors Soars, AMFI Reports
Back in the day it was the men who took the major financial decisions of a household, including where and how to invest. Very few women had financial literacy or acumen to successfully manage money, even though they dealt with money day in and day out and were responsible for running the household. However, times have changed. Women are more financially literate, confident, and ready to handle the challenges that money management brings. AMFI, the mutual fund watchdog, has the...
Bad Time For Debt Mutual Funds in India? LTCG Scrapped!
As an investor in mutual funds, you may already know of the Centre’s decision to scrap the long term capital gains tax (LTCG) on debt mutual funds. The decision has been made in Parliament amid a lot of uproar from the Opposition. Let’s take a look at what the Government has decided about debt mutual funds in India. The Backstory Previously, debt mutual fun...
Did the Silicon Valley Bank Debacle Hurt Mutual Funds in India?
By now readers must have heard about the sad closure of the Silicon Valley Bank in the US. Depositors rushed to pull out their money from the bank after news of its ill health hit the public. The ripples of this event have felt far and wide. The mutual funds in India have also been impacted by this event. In today’s blog we will take a look at the story in full. Banking mutual funds have lost up to 6% post the news of the debacle of the Silicon Valley Bank a...
Plan Your Next Holiday with a SIP Calculator
To go on a holiday, one needs to plan one’s finances carefully. Travel is like a secret sauce to the soul. It rejuvenates and helps us to gain fresh energy to face daily life. However, feeding the travel bug can be quite expensive. Depending on the place you want to go, the activities you wish to pursue, and the days you want to spend on vacation, you need to budget yourself. Make ...
File Your Mutual Fund Nomination by March 31st Latest
SEBI (Securities and Exchange Board of India) issued a notification last year that all mutual funds had to have a nominee mentioned by March 31st latest. Either the investor must specify a nominee or have the option removed. Failure to do so means their portfolios will be frozen. SEBI made this announcement last year in a circular. If you have invested in mutual funds through Money Assist, a mutual fund agent in Kolkata, we appeal to you to update the information regarding you...
Choose Liquid Funds as Banks Shy Away From Hiking Rates
Recently, an article in the Economic Times talked about the fact that banks were too slow to raise interest rates. They were dithering to take the step to up savings bank account rates. For instance, the State Bank of India offers 2.7% for money that is kept in a savings account while ICICI Bank and HDFC Bank offer 3% respectively. As any untrained eye can see, this scenario is far from exemplary or desirable. Keeping money i...
Can You Become a Crorepati with Rs. 1000 monthly SIP?
SIPs are one of the most popular options for mutual fund investments. It’s a mode of investing in mutual funds such that every month, quarter or half-year, one can invest in units of a mutual fund. Furthermore, to gauge the returns from mutual funds, a mutual fund return calculator is used. This is one of the best ways in which you can understand how much to invest, how much to pull out from the investments, etc. ...
Infrastructure Mutual Funds A Good Bet Post Budget?
The budget for 2023 did not have much for the mutual fund industry. This was quite evident despite the requests posed by the mutual fund industry. However, there is one key takeaway for those who watched the budget, and that is the push toward infrastructure. Theme funds and segments funds like those of infrastructure-based funds have been given a push in the 2023 Budget by the Finance Minister. In case, as has been proposed, there is excessive spending on infrastructure, thes...
How to Calculate the Systematic Investment Plan Returns?
A Systematic Investment Plan widely known as SIP is a pathway to invest in mutual funds. It demands making a disciplined investment in a predestined mutual fund scheme routinely. SIP is an instrument for investment that is best-suited for the long-term investors to gather wealth and meet their financial goals. This implies that you can have the maximum returns via Systematic Investment Plan only, provided you start investing ...
Is A Recession Coming in 2023 and What You Can Do?
Economists and experts have been forecasting a recession for the year 2023. The jury is out on what sort of recession it will be, whether severe or long-term, but they all seem certain that bad days are on the horizon. Whenever inflation rises and the Central Banks rush to the rescue by increasing interest rates, it leads to an economic downturn or recession. This time, however, CEOs, market analysts, and everyone involved in the economy are well aware that a recessi...
What to Check before Investing in Mutual Funds Investment Plans?
Mutual funds are a popular investment vehicle and have been for some time. However, it is only recently, post the pandemic that people are warming up to take risks. Given this scenario, it is no surprise that there is a renewed interest in mutual funds. However, do you really know how to invest in mutual funds? Often we get several first-time investors who have no idea how to “check out” a mutual fund before inves...