Is mutual funds Calculate on compound interest

Debunking the Myth There’s a prevailing notion that mutual fund investments offer no compounding benefits, which has gained traction through social media and financial influencers. In this section, we’ll explore the origins of this belief and why it shouldn’t influence your investment decisions. does mutual funds give compound interest. The Misconception The idea that mutual … Read more

Do you need a Demat Account for investing in Mutual Funds? (in india)

Introduction to Demat Accounts for Mutual Funds Among various investment options, mutual funds are the most popular. Investing in a mutual fund is a terrific choice if you want a diverse portfolio of securities but wish to have professional fund managers choose the securities. You can invest in mutual funds via the official website or … Read more

Shariah-Compliant Mutual Funds (All You Need to Know about halal)

Understanding Shariah Compliant Mutual Funds Introduction to Shariah Compliant Mutual Funds Shariah Compliant Mutual Funds: An Overview Shariah Compliant Mutual Funds are a subset of socially responsible investing guided by Islamic principles, particularly Shariah or Shariat law. These funds strictly adhere to the moral code of Islam and impose specific criteria on their investments. Features … Read more

How Mutual Funds Are Taxed? (Do I need to pay tax on mutual funds?)

Understanding Taxation on Mutual Funds: A Comprehensive Guide Investing in mutual funds can be a lucrative way to grow your wealth, but it’s crucial to understand the tax implications associated with different types of mutual fund income, holding periods, and fund categories. In this guide, we break down mutual fund taxation as per the Income … Read more

Best Ways to Save Income Tax (for FY 2023-24)

The Importance of Tax Planning As the famous saying goes, “A penny saved is a penny earned.” Tax planning is one of the ways which can help you save on taxes and increase your income. The income tax act provides deductions for various investments, savings, and expenditures incurred by the taxpayer in a particular financial … Read more

Types of investment risk (explained each)

I. Introduction to Investments Investments are financial assets that individuals, businesses, and institutions acquire with the expectation of earning a return. Diversifying your investments across different asset classes is a fundamental strategy to manage risk and potentially achieve better overall returns. It’s essential to recognize that the relationship between risk and return is a key … Read more