Different Types Of Mutual Funds In India

  As a first time investor, it can be a daunting task to select the right type of mutual fund to invest in. The first step to accomplishing this is to have an investment objective. That in itself is a dilemma as you will now be thinking about how you should determine an investment objective when investing in mutual funds. An investment objective can be simply defined as what you expect to achieve from a mutual fund investment in terms...

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What Are Balanced Funds & Its Advantages

  The intent to get aggressive returns is what drives you to invest in equity and equity-oriented mutual funds. On the other hand, if you believe in taking lower risks then it is very likely that you will opt for debt-oriented investment options to have predictable returns and fixed income. But if you want to draw the maximum out of your investment and yet not take high risk, then going for a Balanced Fund makes perfect sense. Balancing...

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Long Term Vs. Short Term Equity Investments

  For a salaried or working individual, it is very important to invest to get capital growth on their money. Investing in a timely manner plays a key role in accomplishing that objective as it ensures that your hard earned income is accumulated periodically for good returns and a more fruitful utilization when required. At present, there are numerous investment opportunities available and each one of them is suited to a separate investment...

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Important Principles Of Financial Planning

  So, how should you conduct your financial life in the New Year? Read on to know the path that you must follow… Well, another year has just rolled over. We, at Axis Bank wish that all your dreams are fulfilled in the coming year. Bearing this in mind, to ensure that the New Year keeps you financially healthy indicated below is what Budget could have in store for you and how you should adapt yourself to it… To begin with, it is NOT...

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Should You Prepay Your Mortgage Or Invest?

Home loan The home loan not only offers tax benefits but also helps build an asset that has the potential to appreciate in value – property. The tax benefit is not only available for interest payments but also for principal repayments. Besides, if Rakesh is a first time home buyer, he gets an additional tax benefit of Rs 1 lakh on the interest paid on the home loan. In other words, the home loan should be left untouched. Rakesh should continue...

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Securing Your Child’s Financial Future

  How much life and medical cover is required for you and your children were some of the topics discussed in this week’s personal finance call-in show Smart Money. Host Vivek Law, editor, Bloomberg TV India, and Monika Halan, editor, Mint Money, also talk about strategies to build corpus in the long term. Edited excerpts from the show aired over the last weekend: Vivek: Monika, when you have a child, how do you plan for the child’s...

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Factors You Should Consider For Prudent Asset Allocation

  While all of us aspire to create wealth for ourselves and for the comfort of our families, in today’s time of rising cost of living, it is imperative to understand a host of factors before one binges into a risky asset class such as equities to achieve one’s life goals. Although, equities appear the best investment option to make the most of in a stock market rally, it is not very wise to nest all eggs in one basket. This is sometimes...

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