Market regulator Securities and Exchange Board of India (Sebi) on Wednesday proposed small ticket SIP with a minimum investment amount of Rs 250 per month. However, the small ticket SIP that an investor can start, will be restricted to three SIPs.Sebi today released a consultation paper as the market regulator along with the mutual fund … Read more
I am 38 years old and part of a family of three, which includes my 35-year-old wife and our 5-month-old son. I do not have any dependents. My current asset allocation is as follows: 75% in Equity, 20% in PF, and 5% in Gold. Additionally, I own an ancestral house in Pune. My monthly expenses … Read more
Mutual funds have become a popular investment vehicle for individuals seeking to diversify their portfolios and achieve financial goals. Among the various investment options and strategies available within mutual funds, the One-Time Mandate (OTM) stands out as a versatile tool for investors. A One-Time Mandate (OTM) is a directive given by an investor to a … Read more
ICICI Prudential Mutual Fund introduced the ICICI Prudential Rural Opportunities Fund, an open-ended equity scheme focusing on Rural and allied themes. The fund will be available for investment from January 9, 2025, to January 25, 2025. It aims to primarily invest in sectors that support and thrive on the growth of rural India. The scheme’s … Read more
An Equity-Linked Savings Scheme (ELSS) is a type of mutual fund that provides tax benefits under Section 80C of the Income Tax Act, 1961. By investing in ELSS, individuals can avail tax deductions of up to Rs 1.5 lakh annually. ELSS mutual funds have the potential to generate higher returns compared to other Section 80C … Read more
Mutual funds remain a top choice for wealth building in today’s diverse investment landscape. They provide benefits such as diversification, liquidity, and the potential for attractive returns. SBI Mutual Fund, a pioneer in the mutual fund industry, offers a variety of mutual fund schemes that have proven to be beneficial for investors looking to build … Read more
Fintech company super.money, backed by Flipkart, has introduced ‘superFD’, a fresh fixed deposit (FD) offering that includes Unified Payments Interface (UPI) payments and offers interest rates of up to 9.5%. The platform has joined forces with small finance banks approved by the RBI to provide these FDs, which are backed by insurance of up to … Read more
NFO alert: Franklin Templeton India has introduced the Franklin India Long Duration Fund (FILDrF), a debt fund that caters to long-term investments. This open-ended fund is suitable for investors with a time horizon exceeding three years and will mainly invest in government bonds, corporate bonds, as well as money market instruments such as treasury bills … Read more
MF investment: Indian investors are increasingly seeking opportunities in global markets to maximise their investment returns, especially around the US elections 2024. Major Wall Street indices such as Dow Jones (DJI), Nasdaq (IXIC), and the S&P 500 (GSPC) have delivered impressive returns over the past five years, attracting investors looking for lucrative investment avenues. Mutual funds, … Read more
Children’s Day and investment tools: Parents often focus on ensuring a secure future for their children. It is crucial to make wise investments in order to achieve financial stability as they age. While navigating the world of finance may appear intimidating, following a systematic and disciplined approach can lead to significant wealth accumulation for individuals. … Read more