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
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
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
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
If you’re new to investing, you might wonder whether stocks or mutual funds are the best investments for beginners. What is a stock? A stock is a share of ownership in a company. When you buy a stock, you become a part-owner of that company. What is a mutual fund? A mutual fund is a … Read more
Trading has become a popular way to generate a side income over the last few decades. However, not all trading apps are safe or reliable. If you’re searching for the best trading apps in India, this article provides a comprehensive guide to help you make an informed choice. Top Picks Best Overall – PayTM Money … Read more
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
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
Why Emergency Funds are Crucial Emergency funds, also known as contingency funds, play a vital role in ensuring your financial security and peace of mind. They act as a safety net to help you handle unexpected expenses like medical emergencies, job loss, car repairs, or home fixes. Having a dedicated fund for emergencies can prevent … Read more
Have you ever had that unsettling feeling that the stock market is akin to a colossal casino? You diligently allocate your hard-earned money into a particular stock, cross your fingers, and hope that fortune smiles upon your choice. The truth of the matter is that investing in stocks does indeed carry inherent risks. However, there … Read more