How safe is it to invest in MF through an Online Platform?
The revolutionary concept of smartphones has opened the gates to a whole new world of apps. Today, from medical to education and dating to trading, there are millions of apps offering everything you need. Keeping in mind the current scenario where people are increasingly opting for online financial investment and trading, thousands of apps have made their way to the market claiming...
Daily Market Analysis – 9th June 2021 (ICICI)
Axis MF added most folios in FY21; followed by ICICI, whereas HDFC loses client base The Axis Mutual Fund beat the top three mutual funds in the industry to record its largest addition to new folios in FY-21. It added 20,42,150 new folios in FY-21 whereas ICICI added 20,42,016 new folios. In this, ICICI remained the winner in the top three which include HDFC Mutual fund & SBI Mutual...
Daily Market Analysis – 8th June 2021 (Mutual Funds)
Franklin Templeton AMC slapped with a fine of 5 crore; Banned from launching new debt mutual funds The SEBI has banned Franklin Templeton AMC from launching debt schemes for the next two years. Rs 5 crore penalty has been levied for “several irregularities” in the running of its six debt schemes that were wound up in April 2020. The irregularities extend to failures to exercise adequate...
Daily Market Analysis – 18th May 2021 (WPI)
WPI Shoots up to 11-year high The WPI or the Wholesale Price Inflation shot up to an 11 year high of 10.49% in April as compared to 7.39% in March 2021. The steep climb in wholesale prices is witnessed due to the hardening of global commodity prices. The official release states that the rate of inflation is primarily high due to the rise in prices of crude petroleum, mineral oils viz...
What is ELSS? Is ELSS Different from Mutual Funds?
Mutual funds have revolutionized the way people invest. Earlier, risk-averse individuals preferred fixed deposits while risk-taking investors went for stock markets. However, lately, mutual funds are becoming a favourite among investors. They promise market-related returns while the risk is diversified over a wide portfolio. What’s more, even small investors can invest in a...
Retirement through Equity Linked Savings Scheme
Retirement Planning through Equity markets, really? Sounds pretty much like you won’t be thinking is possible, right? But what if I tell you that Retirement Planning through ELSS is very much possible and optimal option. Let’s see why you should plan for your retirement first. Why there is a need for Retirement Planning? We enjoy and spend as much as we can afford when we are...
ULIP Vs Mutual Funds. Check out where Mr Mehta invested.
Everyone wants to be safe and make the optimum utilization of their funds. However, not every financial instrument is made up of everyone. Financial Advisors always look at the following angles before advising the investment alternative. Short term Goal Tax saving instrument, Interest earning, etc. Medium-term Goal Wealth building instrument, Value Investing, Mutual Funds...
Gold Mutual Fund vs Gold ETF
In India, buying gold is more of a tradition than just investing. It is considered as a symbol of prosperity and luck. This auspicious metal has given good returns over the long term. When you create your wealth portfolio, it is suggested to allocate atleast 10-15% to Gold investment. This is majorly because this yellow metal is used to hedge against inflation and is also negatively...
Benefits of investing in Global Markets
When it comes to investing in the stock market, it is always better to become a long term investor rather than becoming a trader. It is relatively highly risky to do intraday trading or trade in futures and options. As an investor, one should focus on creating long term wealth through equity markets and not just short term gains which are based merely on chance. We all understand that...