Wealth Web- An Investment Guide to Success

  Financial Freedom is a dream any individual sees for himself. All of them wants to achieve this dream, but they fail to plan. Due to lack of knowledge and fear of downward risk, they fail to plan. This fear of failure makes them stick to investment in traditional fixed deposit and recurring deposit only. “Planning is bringing the future into the present, so that you can do something about it now”- Alan Lakein .   Investors should come out of their comfort zone and explore new investment opportunities. One such opportunity is investment in mutual funds. Basically Mutual Funds are managed by experienced fund managers who raise the funds from retail investors and invest in pool of assets which includes investment in equity shares, corporate bonds, company debentures, deposits commercial papers etc. This allocation of asset differs from scheme to scheme which can fit everyones risk appetite. Due to plethora of investment options ranging from debt funds to equity funds, mut...

  …….and I lost my bread earner, now how will we survive? . . Ever imagined the situation of the deceased family who has lost their sole bread earner?. The mental and emotional trauma is such that it feels the world has all ended and they are helpless. Apart from regretting the loss of loved one, they have fear of dark future and survival. The bread earner has left the world but what next to their family? Corona has proved that life is very uncertain. Don’t let sudden tragedy uproot your family. Even after you pass, there are still people who rely on you. It is a sad reality that many people need to go through some sort of tragedy or calamity before realizing the importance of buying life insurance. Life Insurance ensures that your family need not extend their hands begging for financial help after your demise. So purchasing a life insurance is utmost important. Life Insurance- At a glance! A life insurance is a contract between policy holder and the insurance company, whereby ...

Investors often do think of tax implication when making any investment decision. Mutual funds, on the other hand, are one of the most tax friendly investment options available to Indian investors. An important point to note in  mutual fund investments  is that, an incident of tax arises only upon the sale of units of a mutual fund scheme. Your returns on mutual funds are taxed as dividend and capital gains. Lets have a look at taxation aspect of mutual funds: CONCEPT OF HOLDING PERIOD: The rate of taxation of capital gains provided by mutual funds depends on the holding period and type of mutual fund. The holding period is the duration for which the fund units were held by an investor. The holding period for taxability of mutual funds is as under: Fund Type STCG LTCG Equity funds < 12 months > 12 months Hybrid Equit...

“ Brick by Brick… a castle is built, likewise SIP by SIP…  wealth is built ”. One may find the above quote bit blunt but its true. The hidden mantra for this wealth creation is Compound Interest . Compound Interest is the eighth wonder of the world. He who understands it earns it…he who doesn’t pays it. So the skill is Investing, but its secret is Time, that’s how Compounding works…. Investment in SIP promotes saving as it is focused on the philosophy of “Save First, Spend Next”. Due to rising inflation and personal expenditure one should strictly spend what is left after saving and not save what is left after spending . Lets have a look on what is SIP? SIP is a facility offered by mutual funds to the investors to invest in a disciplined manner. The plan refers to making equal investment at regular interval of time in a particular asset. The regular interval can be quarterly, monthly, weekly or evenly daily. One can even start investing in SIP with as low as Rs. 500/- per month. ...

Tax saving is one of the important aspect of our financial planning , managing tax efficiently is an art. When it comes to saving taxes most of us wait till the month of March because we continue our habits to push everything to the last day of submission like our college time assignments. So when it comes to tax planning, assessee majorly focus on taking maximum benefit of Deductions under Chapter V1-A of Income Tax Act, 1961.  Based on this tax planning and co-inciding our financial goals, this blog will provide exhaustive knowledge of ELSS investments, its features, taxability along with recommendation for best ELSS plan to choose. Apart from ELSS Investment, the blog will also provide detailed knowledge on other tax saving investments. What is ELSS Mutual Funds? Equity-Linked Savings Scheme (ELSS) is an equity mutual fund investment that invests at least 80% of its assets in equity and equity-related instruments. Investments in an ELSS qualify for tax deductions u/s 80C of th...