If you ask any financial advisor or planner including us, about Tax Saving financial products, the chances are very high that you will be recommended an Equity Linked Savings Scheme (ELSS). There are several reasons for advisors and investors to opt for ELSS over other similar Tax Saving financial products. Let us understand the ELSSRead More
Mutual Funds
Changing Name in Mutual Fund Investments
A change in name in Mutual Fund investments is a matter which you may face for various reasons. But Mutual Fund Company knows you by few details like Name, PAN, Aadhar, Signature, etc. Name is your primary introduction. But suppose you undergo a change in your name, how will mutual fund change your name inRead More
What is One Time Mandate / OTM / NACH Mandate
One Time Mandate (OTM) or NACH facility is a one-time mandate registration process that will enable you to transact seamlessly in a simple, convenient and paperless manner in the future. Many times you read that SIP needs “OTM” or “Auto Debit” registration, so that you don’t have to issue multiple cheques. It is also calledRead More
15 SIP Myths Busted
Systematic Investment Plans (SIPs) have become immensely popular with lakhs of individuals opting for them. Almost 9000 Crores of amount hits the bank accounts of the proud SIP owners. SIPs definitely are an effective tool to multiply your wealth, but their growing popularity has resulted in certain misconceptions among investors. Given below are 15 popularRead More
How to Invest in Mutual Funds for the First Time
If you are thinking – How to invest in Mutual Funds for the first time, you will really face some tough questions. Where to invest – Equity, Debt or Hybrid? Which mutual fund scheme to choose? Is past performance any indication of the future? Which Fund House? And how to start investing? Let me helpRead More
What is Mutual Fund KYC? Complete Process
My congratulations if you are reading this article and have made up your mind to invest in the mutual fund for the first time. But the first question will be – What is Mutual Fund KYC? Next will be how to start investing? I will detail the procedure of making your first investment in mutualRead More