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Here’s why you should choose SIP over lump sum when investing in ELSS

Archit Gupta ELSS funds are an efficient instrument to save tax and build wealth at the same time. ELSS is an equity mutual fund which allocates most of your invested capital in stocks of companies across industries and sizes. These funds come with a lock-in period of three years. It means you cannot redeem your fund units for three years from the date of allotment. It is one of the investment avenues available under Section 80C of the Income Tax Act which qualifies for availing a tax exemption of up…

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Should you go for perpetual SIP while investing in mutual funds?

While investing in a mutual fund scheme through systematic investment plan (SIP) mode, you get the pre-defined option for how long you want to continue your investments – 3 years, 5 years, 10 years, or perpetual? It means opting any of the options will let your investments amount disbursed from your bank account through ‘electronic clearing service’ or ECS mode for that particular time and will automatically get stopped as per the decided time you opted for it. However, while opting a perpetual option, your investments will continue for the…

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How to earn Rs 50,000 monthly via investing in mutual funds?

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. You can earn a regular monthly income just by investing a substantial portion into mutual funds. However this may include the impending tax liability. In a mutual fund query, an investor wanted to know where they should invest to earn Rs 50,000 on a monthly basis, a report by ET Mutual Funds revealed. “I am looking for a monthly income of Rs 50,000. Tell me how to go about it? How much investment is required? Whether one-time…

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Accumulate Rs 1 Crore by Investing Just Rs 5,000 Monthly

To many, Rs 1 crore may look like an unachievable figure but it is possible to accumulate the sum by investing just Rs 5,000 per month provided you follow these rules. Invest in growth assets By this, we mean an asset class that has the potential to deliver higher returns over long-term. Equity is one such asset class. Over long term, equity has potential to deliver over 12-15 per cent annual return whereas investments in conservative assets such as fixed income will only yield you 7-8 per cent annually. See…

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Jaitley Woos British Businesses Keen on Investing in India

London: Ahead of the India-UK Economic and Financial Dialogue, Finance Minister Arun Jaitley on Monday wooed British businesses keen on investing in India, highlighting initiatives taken by the government to make the country an attractive destination for global investment. UK Chancellor of the Exchequer George Osborne hosted Jaitley for dinner on his arrival in London on Sunday. The India-UK Economic and Financial Dialogue will be held on Tuesday after which the two ministers are expected to issue a joint statement. Jaitley began his three-day UK visit with an interaction with…

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TeamLease Services IPO Opens: Read This Before Investing

As of November 30, 2015 TeamLease had 1.05 lakh associate employees, serving over 1,021 clients and 1,218 full time employees based out of eight offices in India. TeamLease Services, which provides blue collar as well as white collar staff across industry sectors, is selling nearly 50 lakh shares in the price band of Rs 785-Rs 850 through its initial public offer, which hit markets today. Here are the 10 things to know about this TeamLease IPO: 1. Investors have to buy a minimum of 15 shares in the IPO which…

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