Investing, in the beginning, is an overwhelming adventure that requires one to learn a little bit before making decisions. Either they quit when doing their research or they dive in head first and randomly choose to invest in random options without really understanding them. Before you do either, we are here to help! Whether you are […]
All you need to know about Equity Linked Savings Scheme (ELSS)
By investing in Equity Linked Savings Schemes (ELSS) Investors can get tax deduction of up to Rs 150,000 from their taxable income under Section 80C of Income Tax Act 1961. Equity Linked Savings Schemes (ELSS) is an equity scheme and also known as Tax Saver Mutual Funds. How Does ELSS Scheme Work ELSS schemes invest […]
8 Mistakes to Avoid While Investing in ELSS
The humble offering of the mutual fund’s arena, ‘equity linked savings scheme’, is looked upon as a tax saving instruments by many. Albert Einstein rightly quoted- “The hardest thing in the world to understand is the income tax.” And investors have resorted to ELSS to work its magic on tax saving. While investors are more […]
A Definitive Guide to Investing for Millennials
While many people think millennials are a bunch of financial nincompoops trading their retirement money for a cup of overhyped coffee, the picture is not all that bleak. Neither is it a rosy one. While many are willing to put away some money for savings, only a few go as far as to brave the […]
5 Ways To Invest When You Come Into Money
After spending your whole life trying to build your wealth, you’ve had a bit of a windfall—lucky you! With money, however, comes responsibility. Whether it was a sudden inheritance, the sale of a house, a legal settlement, or you’ve won the lottery (again, lucky you!), you need to think and act fast on where to […]