MUTUAL FUNDS

Introduction: A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. The money so collected is then invested in the capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciation realised are shared by its unit holders in proportion to the number of units owned by them. Thus, a...

Equity Linked Saving Schemes (ELSS)

Introduction The ELSS schemes are tax saving schemes that invest their asset in equities. The ELSS schemes offer a tax rebate to the investors under specific provisions of the Indian Income Tax laws. Investments made in ELSS and pension schemes are allowed as deduction under section 80C of the Income-tax Act, 1961. A sum of up to Rs 1 lakh invested in them during the financial year will qualify as a deduction from...

Mutual Fund and Risk Ratios

Mutual Funds Mutual Funds are the most convenient way to invest in stock markets and Indian investors have started to realise this. That’s the good news; the bad news is that a lot of investors seem to think that mere decision of investing in mutual funds will do the “trick”. Some important points are generally neglected or ignored at the end of an investor, which may prove to be hazardous for his investments....

Gold ETF- An attractive avenue of investment

India is a country where people worship gold as God in the investment avenues. The total gold market in India is somewhere around Rs.70,000 crore, of which, Rs.20,000 crore is in the investment market. India is the world’s largest market for gold. How aggressively Indian people are investing their money in gold is revealed by the fact that the consumption of gold in India rose over 70% to 528 tonne in the first...

ELSS – Best Tax Saving Tool

As the Indian economy is growing at nine percent per annum that resulted an increase in the income levels of the individuals, the rise in income levels need to do proper tax planning. The financial year 2007-08 is going to end and most of the individuals have started doing their tax planning.  Under section 80C, a deduction of up to Rs.1,00,000 is allowed from Taxable Income in respect of investments made in some...