Day: March 6, 2018
What are Monthly Income Plans?
If you are retired and want to invest a portion of your retirement corpus in an instrument that offers regular income, you may choose a bank’s monthly income scheme (MIS). It offers guaranteed returns and works like a regular fixed deposit (FD). Continue reading “What are Monthly Income Plans?”
A Quick Guide on How to Claim Tax Deductions on ELSS Investments
Equity-Linked Savings Schemes (ELSS) are diverse equity funds offered by the asset management companies (AMCs). A majority of the fund corpus is invested in equities and related products. Continue reading “A Quick Guide on How to Claim Tax Deductions on ELSS Investments”
How Does Switching Mutual Funds Affect Your Returns?
Not many investors are aware of the different types of mutual funds in the market. Due to the lack of knowledge and guidance, they end up investing in regular funds, which carry an average return. When they review the portfolio, they notice that they are not moving closer to their financial goals. Continue reading “How Does Switching Mutual Funds Affect Your Returns?”