If you want to avoid the volatility and steadily create wealth, mutual funds can be a safer bet. This report tells you the nuances of selecting a Mutual Fund that's best for you now
Inflows in the mutual fund industry through systematic investment plans or SIPs reached close to Rs 67,000 crore in the first seven months of the ongoing fiscal
Keep in mind that gifts of above Rs 50,000 from non-relatives are taxable in the recipient's hands, except during a wedding
Going 100% into equity SIPs, or getting wholly into debt, will hurt in the long run, say experts
Invest with at least a seven-year horizon, via SIP, and limit exposure to 15%
Industry participants say that distributors have been facing difficulty to reach out to newer clients particularly in the rural areas
Covid-19 induced lockdowns led to income uncertainty.
Frequent churn, timing the market eats into gains
A SIP lets investors commit a fixed sum every month, compared to putting in a large sum at once.
Digital financial services firm Paytm Money on Monday said that monthly investment volume in systematic investment plans (SIP) has risen by 143 per cent on its platform in 2019-20. The company said that it has completed two years of business and has been able to acquire 66 lakh customers to invest in various financial services out of which 70 per cent users were the first time investors. "Over the last two years, we have enabled new users from small cities and towns to invest with confidence by providing innovative & personalized services. We strive to become the first step in the investment journey so that every user benefits from technology and financial inclusion," Paytm Money CEO Varun Sridhar said in a statement. The company said it registered a 100 per cent increase in monthly new SIP registrations on a year-on-year basis in 2019-20. "In the last financial year, Paytm Money registered over a 100 per cent increase in Monthly New SIP registrations and a 143 per cent increase ..
Equity funds account for 42 per cent and 52 per cent of AUMs for HDFC AMC and Nippon AMC, respectively
In a Q&A, the MD & CEO of Kotak AMC explains why SIPs make a good bet in the current scenario and why leveraging can prove disastrous
Here's how to protect your finances during these difficult times and work on your short- and long-term financial goals efficiently
Any money that you need in the short term should be pulled out of equities
Tally still 31 per cent lower than 12-month average
In a regular SIP, you simply put in a fixed amount every month. New-age tools allow investors to modify the traditional SIP and be more responsive to market fluctuations.Listen to the podcast for more
For every three accounts opened, two accounts were discontinued; industry officials say investors with shorter horizon quit on poor returns
If they are able to deliver out performance in actual market conditions, investors may invest more through them
In most versions of the VIP strategy, the SIP amount will be varied depending on an objective parameter such as returns obtained
If you do so during a bear phase, you will forgo the benefit of rupee-cost averaging, an important factor in boosting long-term performance