Dear Readers, As an existing investor, you must have come across the terms Open ended and close ended Mutual Funds, but do you really know the difference between them? Well, Richvik presents a small article on difference between Open Ended and Close Ended funds. What are Open-Ended Funds? Open...
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Dear Readers, As the equity market is pretty volatile these days, debt is the flavor of the season. Low-Risk investors are always generally advised Debt funds or Debt based hybrid funds. However, there are certain points to remember before investing in a debt market. Let us have a look...
KNOWLEDGE BYTE: A SIP THAT PROVIDES INSURANCE! Dear Readers, We have heard of various benefits of SIPs, but how about investing in a mutual fund SIP that also provides a Life Insurance Cover? Well, Richvik presents SIP PLUS plan, jointly with ICICI PRUDENTIAL MUTUAL FUND, a unique systematic...
I AM A NEW INVESTOR, WHERE SHOULD I INVEST? Dear Readers, As a child, we all had piggy banks to save our pocket money or the money that we received on festivals such as Diwali or New Year eve. And remember the joy we had, when the savings...
Dear Readers, We all have financial goals in our lives, some are long term while some short term. We Indians have always believed in savings for the purpose of achieving our financial goals, such as Education, marriage, a new home or retirement savings etc. In one of our previous...
Dear Readers, We Indians have treasured gold since centuries, considered it valuable and bought the yellow shining metal irrespective of it’s soaring prices. Sure, it is a precious metal, precious enough to gift someone on a special occasion, but is it really good as an investment? Over the years,...
Dear Readers, You often must have heard of Dividend and Growth option of Mutual funds and found yourself wondering as to which option to opt for. You may have noticed a single mutual fund scheme having the growth option and dividend option. Their NAVs are different and in most...
Dear Readers, RichVik, in association with ICICI Prudential Mutual Fund, presents the ‘Bharat Consumption Fund’, where your fund grows with the growing economy of India! One thing is for sure, irrespective of which government gets elected next year, Our Bharat is all set to gear up and grow rapidly...
Dear Readers, We all are aware of Systematic Investment Plan (SIP), but well there are other ‘Systematic’ option offered by Mutual Funds such as Systematic Withdrawal Plans (SWP) and Systematic Transfer Plans (STP). As we have discussed about Systematic Withdrawal Plan in one of our previous articles (get the...
Dear Readers, The Budget for the FY 2018-19 was announced on 1st February, 2018 and it surely created some flurry amongst the investors, especially the fact that Long Term Capital Gains on Equity which were exempt earlier, are now subject to Tax! Well, let us look at some of...