Asset Allocation Asset allocation is an important element of wealth preservation. It will determine how much money you invest in various types of assets and how much risk you’re willing to take. You should also consider your financial goals. If you’re looking for long-term wealth, it’s important to invest in stocks and stock mutual funds. […]
The smartest investment strategy for balancing your portfolio is building a diversified portfolio of securities, bonds, equities, etc. This allows the investor to gain maximum returns and minimize the risk or losses. Building the portfolio in diversification in need of the current market situations. Nowadays, investing in Stocks and mutual funds is a very common […]
A smart way to grow your money is to invest your money. Investment can be done in various instruments including equity shares, Mutual Funds,Public Provident Fund, gold ETF, Fixed Deposit and more. Before investing, you need to check the return on the investment, risk and liquidity of the asset. Fixed Deposit is a very lucrative […]
When it comes to having a comfortable retirement, sound planning is essential. To start working toward your investment goals, you’ll need to consider several things for asset allocation. In case you don’t know, asset allocation involves diversifying your retirement accounts, including cash, stocks, and bonds. As part of managing your allocation, certain factors, like your […]
The pandemic has upended life and created stress and financial chaos for people of all walks of life across the globe. The good news is that we are into a brand new year. And the bad news is that we still need to deal with the pandemic fallout, and that means our personal finances will […]
Know Your Customer (KYC) is a standard banking policy introduced globally in 2001 as a patriot act passed after 9/11. This banking process provides a variety of means to detect terrorist behaviors. The act also prevents money laundering, illegal funding, and financial fraud. On a more personal level, it lets every bank know customers like […]
ELSS is an abbreviation of the Equity Linked Savings Scheme. It is an open-ended Equity Mutual Fund providing tax benefits on both dividend and capital gains earned. Under section 80 C of the income tax act 1961, you can lower your taxability by Rs. 1.5 Lakhs by investing in ELSS. It is one of the […]