Dear Readers, We all have heard of the latest amendment in the Equity Capital Gain Tax structure in the Budget announced on 1St February, 2018. The Union Budget has particularly shook the Equity Investors especially the ones who used to enjoy Tax Free Long Term Capital Gains (LTCG) on...
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Dear Readers, We all have heard of how well markets have performed in past few years. Also, The Assets under management of the mutual fund industry grew 30% – from Rs. 16.46 lakh crore in December 2016 to Rs. 21.37 lakh crore in December 2017. Given the enthusiasm of...
Dear Readers, Warren Buffett has rightly quoted “Don’t save what is left after spending; spend what is left after saving”. We all know that it is important to save funds for future needs. Wouldn’t it be great if our savings can fetch some earnings and also provide us Tax...
Dear Readers, We all wish to provide our children with the best things in the world, however, the secret to fulfill most dreams and goals lies in your finances. It is imperative to step back and see whether you have planned for your Child’s Future! Your today may be...
Dear Readers, An uninformed investor always tries to time the markets and finds possible ways to hit the Bull’s eye by entering the market at the right time. But is it really possible to Time the market and enter at the best time? Well, we at Richvik present you...
Dear Readers, Let us learn about SWP as a tool of earning regular income. What is Systematic Withdrawal Plan? Systematic Withdrawal Plan (SWP) is a service offered by mutual funds which provides investors with a specific amount of payout at a pre-determined time intervals, like monthly, quarterly, half-yearly or...
Dear Readers, There is often confusion amongst Investors where to invest for good monetary gains – whether in Mutual Funds or in Stock Markets. For those, who cannot monitor their investment, often choose Mutual Funds as their mode of investment as that’s the best way to reward them. However,...
Dear Readers, Ever wondered why should one invest in Equity? Earlier, people used to believe in saving their money and buy gold out of it. However, over a period of three decades, we can see that Equity is the only Golden Investment! Let us see how major asset classes...
Dear Readers, What are Debt Based Funds? Debt Based Mutual Funds mainly invest in a mix of Debt or Fixed Income securities such as Treasury Bills, Government Securities, Corporate Bonds, Money Market instruments and other debt securities of different time horizons. Generally, debt securities have a fixed maturity date...
Dear Readers, We are happy to present a brief info on the Importance and benefits of Investment in the Equity Linked Savings Scheme. Q1. What is ELSS? Equity Linked Savings Scheme (ELSS), are tax-saving mutual funds that you can use to save income tax of up to Rs 1.5...