Mutual Fund Investment: 5 reasons to invest in tax saving mutual funds

Investing in tax-saving mutual funds gives the benefit of diversifying your portfolio as per requirement. Tax-saving mutual funds, over the years, have proven to be the best tax-saving option for investors. While there are various tax-saving investment options such as National Pension System (NPS), National Savings Certificate (NSC), and Public Provident Fund (PPF), among others, Equity-Linked Savings Scheme (ELSS) has remained the most preferred. Here are 5 reasons why you should consider investing in tax-saving mutual funds (ELSS): 1. Lowest Lock-in Period Conventional tax-saving instruments generally come with long lock-in…

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No white elephants please! Where not to invest RBI surplus of Rs 1.76 lakh crore

Bimal Jalan panel’s decision to recommend transfer of Rs 1.76 lakh crore of RBI’s reserves and excess provisions to the government of India has rightly raised a host of questions about where the money would be deployed. Just as brazenly the Centre managed to transfer the reserves, the expectation was that their deployment would be equally transparent. If there were hopes from finance minister Nirmala Sitharaman’s press conference in Pune to throw light on the question, those were dashed. But more than where they are deployed, it’s important to understand…

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Political stability makes India an investment hub: PM Modi urges NRIs to invest in J&K

Prime Minister Narendra Modi on Saturday said “political stability and predictable policy framework” have made India an “attractive” investment destination as he urged the Indian business leaders in the UAE to invest in Jammu and Kashmir, which he said could emerge as the country’s growth engine. Addressing a group of NRI business community in the UAE capital Abu Dhabi, Modi thanked them, saying they have made a vital contribution to India’s economic growth. Highlighting the economic opportunities in India, he said, “Political stability and predictable policies framework are key driving…

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Modi government’s 2nd term: Where to invest in stock market now?

The return of Narendra Modi as Prime Minister has pumped adrenaline into the stock market. As it became clear on Thursday that the BJP will get a clear majority, the benchmark indices created history: the Sensex crossed the 40,000 mark and Nifty rose above 12,000. Though both indices retraced from those levels due to profit booking, the formation of a stable government at the Centre is seen as good news. The markets prefer a strong, stable regime without the crutches of coalition because it ensures continuity in economic policies. “Investors…

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China Trade Drama Makes This A Good Time To Invest

Now that President Trump’s China trade drama has caused another dip, readers are asking if this is a good time to invest? The best time to buy stocks is when they are down for reasons that have little to do with the company, and this is one of those times. But don’t plunge into the market and don’t wait for a more perfect time to invest. Make small investments that you won’t need to disturb for at least 5 years. Last year the U.S. economy produced a little over $20 trillion of…

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Softbank may invest in Jio as Mukesh Ambani deleverages business

NEW DELHI: Japan’s Softbank is reportedly looking to make a $2-3 billion investment in India’s fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco in discussions to buy a 25% stake in Reliance Industries’ refining and petrochemical business for $10-15 billion. “Softbank has long been seen as a potential investor in Jio,” JPMorgan said in a research report.”For the past 2 years, our conversations with investors have highlighted expectations of Softbank investing in Jio and hence…

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