There are two types of complexities associated with investing in mutual funds. Borrowing from another field, I’ll name these ‘essential complexity’ and ‘incidental complexity’. Some of you will immediately recognise these terms and realise how they map to investing. However, the impact of the two types of complexities often gets mixed up and the solutions to ease one ends up worsening the other. It’s better that investors understand the difference and why they need to be kept separate in their thinking about investing. We all invest to meet our financial goals and to solve our future financial problems. Essential complexity…
Author: Miley Selena
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. How the fund has performed 85710131 Where the fund invests 85710137 Basic facts Date of launch: 9 September 2009 Category: Equity Type: Small cap AUM (As on 31 July 2021): Rs 9,260 crore Benchmark: S&P BSE Small Cap Total Return Read more: EconomicTimes
Even while on paternity leave, men may be glued to their phones and laptops for work. SynopsisIn several companies the parental leave can be availed by new fathers anytime within a year of becoming a parent. Experts believe most new fathers would like to take time off. But few men want to take advantage of this.There’s a growing number of companies offering gender-neutral parental leave which encourages men to share child-care duties with partners. While that’s a progressive way of ensuring an equitable balance not only within the organisation but also in personal lives of individuals and the society at…
Every parent aims to provide a financially secure life for their children. Just money in the bank account may not help as investments need to keep pace with infl ation. Starting early helps to create a sizeable corpus as it allows the power of compounding to work its wonders. PPF The Public Provident Fund (PPF) account can be opened with a bank or post office and has a lock in of 15 years. Interest is typically higher than normal FD rates and interest received is tax free for the investor. The account can be renewed for blocks of 5 years.…
Watch out for the Bank Nifty now: After remaining in sideways mode during June and July series, Nifty has finally broken out in the August series. This breakout resulted in a significant rally in Nifty and it ended the August series with a gain of 858 points (or 5.4%). Better than expected results season and faster vaccination drive were the main domestic triggers for this rally. However, Bank Nifty failed to break out of its range and remained below its psychological resistance level of 36,000. Supported by tech and financial services companies, global equity markets continued with the rally and…
Shaken by the impact of the pandemic on their lives, participants quizzed for the Bankbazaar Aspiration Index (BAI) 2021 chose relationships and health as top priority. The index attempts to understand the aspirations of respondents from a personal finance perspective. The BAI has moved up marginally since last year The five aspirations tracked were Wealth not most important goal Roadblocks to fulfilment Attaining aspirations has become tougher The pandemic has widened the gap between the importance attributed to a goal and the chances of its attainment. The highest gaps are in the Wealth aspiration (6.7), followed by Health (5.4). Wealth…
Should you invest in cryptocurrency? Read more: EconomicTimes
1. MWP was a welfare act enacted in 1874 to ensure the absolute ownership of wages, earnings, property, investments, and savings of a married woman. 2. The husband cannot acquire any interest in any such property of the wife after the marriage. 3. It was created to protect the properties owned by women from in-laws, relatives, and creditors. 4. Section 6 of the MWP Act lays down that when the husband purchases an insurance policy and makes his wife and children the beneficiaries, the death benefit or any other bonuses arising out of it are to be awarded solely to…
By Sudhir Kaushik of Taxspanner.com Bengaluru-based media professional Ashish Rastogi pays a low tax because he avails of all the tax deductions available to him. Even so, Taxspanner estimates that Rastogi can reduce his tax by more than Rs 40,000 if his company offers him some tax-free perks and the NPS benefit and he buys health insurance for his parents. Income from employer Income from other sourceRastogi should start by asking his company for some tax-free perks such as reimbursements of conveyance expenses, newspaper bills and food coupons. If he gets a conveyance allowance of Rs 30,000 (Rs 2,500 per…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. I: Dhruva Kumar and his wife are saving for multiple goals. Here’s what the doctor has advised them: Goals Investor’s existing portfolio Portfolio check-up Self-employed couple investing in equity funds…