Equity Linked Savings Scheme (ELSS) ELSS is a type of mutual fund scheme which invests primarily in equities, providing potential for higher returns over the long term. Equity Linked Savings Scheme offers tax benefits under Section 80C of the Income Tax Act, 1961 in India. Features of ELSS: Tax Benefits: ELSS investments qualify for tax… Read More »
Mutual Funds Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities such as stocks, bonds, money market instruments, and other assets. Overview of Mutual Funds: Structure: Mutual funds are managed by professional fund managers or management companies, who make investment decisions on behalf of the… Read More »
Kisan Vikas Patra (KVP) The Kisan Vikas Patra (KVP) serves as a modest savings program provided by the Government of India, with a core focus on encouraging long-term financial resilience among Indian populace, particularly in rural regions. Features of Kisan Vikas Patra (KVP): 1. Purpose: Kisan Vikas Patra was introduced with the aim of… Read More »
Fixed Deposit Interest Rate A Fixed Deposit (FD) serves as a financial instrument offered by banks and various financial institutions, enabling individuals to invest a specified amount for a predetermined duration at a fixed interest rate. Fixed Deposits are known for their safety, stability, and guaranteed returns. Key Features of Fixed Deposits: 1. Interest Rates:… Read More »
Asset appreciation Asset appreciation, while assets generally depreciate in value over time due to wear and tear or obsolescence, some assets have the potential to appreciate in value. Appreciation refers to an increase in the value of an asset over time, often influenced by factors such as market conditions, demand, scarcity, and other economic… Read More »
Capital Gain capital gain Introduction: Tax planning plays a crucial role in managing one’s financial affairs and maximizing after-tax income. which arise from the sale of assets such as stocks, real estate, or businesses, are subject to taxation. However, with effective tax planning strategies, individuals and businesses can optimize their capital gains tax liability… Read More »
NetWorth V/s LiquidCapital NetWorth v/s LiquidCapital are both financial terms used to assess an individual’s or organization’s financial position, but they represent different aspects of financial resources. Here’s a comparison between the two: Net Worth: Net worth refers to the total value of an individual’s or organization’s assets minus its liabilities. It provides a snapshot… Read More »
Managed Fund Whether a managed fund is worth it depends on various factors and individual preferences. Here are some considerations to help you evaluate the worth of a managed fund: 1. Professional Expertise: These funds are typically managed by professional fund managers who have expertise in investment strategies and market analysis. If you lack… Read More »
Fund Certificate A fund certificate refers to a document that certifies the ownership or investment in a specific fund. It serves as evidence or proof of an individual or entity’s participation in a particular fund and their entitlement to the benefits, rights, or shares associated with that fund. The content and details included in a… Read More »
Can Liquid Net Worth be Higher Than Net Worth Understanding the concepts of net worth and liquid net worth is essential for effective financial management. But one question often arises: Can liquid net worth be higher than total net worth? Let’s break this down. Defining Net Worth and Liquid Net Worth Net Worth is the… Read More »
