What is XIRR in mutual funds? While investing in equity mutual funds through Systematic investment plans (SIP), it becomes imperative for us to track and measure the returns over our investment duration. Normally, a good measure for quantifying returns is the compounded annual growth rate (C.A.G.R) which is calculated by the formula: (Final investment/Initial Investment)...
WHAT IS PORTFOLIO MANAGEMENT SERVICES? (PMS) A PMS fund is an investment service managed by a money manager with the help of which an investor can diversify their portfolio according to their personal preferences and risk appetite. There is a wide gamut of choices in which investments can be made thereby taking advantage of a...
If last year’s tax planning was a failure, here’s how to avoid making the same mistake this year. The deadline for making tax-saving investments in a given fiscal year, March 31, has now passed. Typically, taxpayers rush to make such investments before the end of the fiscal year to receive tax deductions under Section 80C...
Tax planning is a vital financial aim for everybody who wants to achieve financial success. Beginning with the first day of employment and continuing virtually throughout one’s whole life, even after one has retired, tax planning is essential for everyone. We have seen that people frequently fail to tackle tax planning logically and instead begin...
Today’s investors have a plethora of investing possibilities. Generally, if you are new to investing and wish to invest your money without knowing about the stock market, you might pick mutual fund plans and top mutual fund companies. There are two primary subcategories of mutual funds: active funds and passive funds.Let’s take a look at...
Detoxing your investment portfolio refers to the process of weeding out those investments whose presence could damage the overall returns and affect the achievement of financial goals.
As the world is changing rapidly, financial mechanisms are also evolving. Simply saving your money is not enough to ensure financial security. Also, the saved amount does not have the potential to beat inflation.
SIP stands for “Systematic Investment Plan.” It is a long-term investment strategy that involves putting a small but considerate amount of money in your mutual fund.
These recent years have been challenging for the entire world. As the pandemic continues, people worldwide are dealing with financial anxiety, stress, and uncertainty.
