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Different Types of Investments in India

Investing is not about getting rich quickly, but rather a way to continually grow the wealth you already have. With several types of investment schemes available, you don’t have to have a lot of wealth to begin investing. There are different types of investments depending on the investor, their net worth and profile, varied investment opportunities can be carefully chosen and a long term plan charted out to achieve maximum returns. Let us have a look at types of investment in India : 1. Public Provident Fund: It is considered the safest and most secure long -term investment product amongst...more
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Advantages & Disadvantages of GST in India

One of the most significant indirect tax transformations of the country was the Goods and Services Tax – GST. Even though it helps boost the economy, there are various advantages and disadvantages of GST. Let us look at some of the GST Advantages and Disadvantages What are the benefits of GST? GST benefits in India will assist the Government as well as the consumers in the long run in creating a win-win situation for both. Some of the advantages of GST in India are enlisted as follows: • Mitigation of Cascading effect : Under the GST administration, the final tax...more
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What is GSP and How Current Changes in GSP Affect India

What is the meaning of GSP? GSP full form is Generalized System of Preferences is a unique tariff system extended to developing countries by developed countries. The developing countries are also known as the beneficiary countries or preference receiving countries. It allows low to zero tariff imports from developing countries making it a preferential agreement. What is GSP - the Programme? The Generalized System of Preferences GSP is a U.S. trade preference program that provides trade opportunities for many of the world’s underdeveloped countries to grow their economies and rise out of poverty through trade. The GSP meaning as explained...more
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SIP Meaning and Benefits of SIP

With the rise in income of middle class, growing financial literacy and ease of investing, the general population is taking an active interest in mutual funds. Most of the salaried employees and even businessmen are taking the SIP route to investing in mutual funds. In this article, we will see the different types of SIPs, and what best suits your needs Before that, we should see what is an SIP, and how to invest in one. SIP stands for Systematic Investment Plan. As the name makes it evident, it is an investment plan to invest systematically at regular intervals. All...more
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What is ULIP and Benefits of ULIP

What is ULIP? A Unit Linked Insurance Plan (ULIP) is a financial product, which, unlike a pure insurance policy, provides both insurance and investment in a single plan. ULIPs are offered by insurance companies. There are multiple variations available, which can be tailored to the customer’s requirements, age and risk appetite. How does it function? As mentioned earlier, a ULIP is a combination of insurance and investment. A part of the premium paid is used to provide insurance cover to the policyholder and the remaining is used to invest in debt and equity instruments. In this case, the utilization of...more
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DTAA – What is Double Taxation Avoidance Agreement in India

What is double taxation? Double taxation is the levy of tax by two or more countries on the same income, asset or financial transaction. This double liability is mitigated in many ways, one of them being a tax treaty between the countries in question. Let us try and answer some important queries you might have about such agreements/treaties. What is DTAA? A tax treaty between two or more countries to avoid taxing the same income twice is known as Double Taxation Avoidance Agreement (DTAA). This means that there are agreed rates of tax and jurisdiction on specified types of income...more
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Know How to do KYC for Mutual Funds

The recent years have seen a phenomenal rise in mutual fund (MF) investments in India, with the Assets Under Management (AUM) crossing Rs. 23 trillion by February 2019, with more than three-fourths of it coming in the last 10 years. This is a signal that more and more people are taking financial planning seriously and are setting clear financial goals. When it comes to safe investment with above average returns, MF is the clear winner. The ease of investment, a buoyant market and an array of fund types to invest in make MFs a suitable investment avenue for both the...more
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Equity Market – Know Equity Meaning in Share Market

An equity market is a cluster of buyers and sellers of stocks, which represent ownership claims on businesses. ‘Stocks’ may include securities listed on a public stock exchange, or stocks that are only traded privately. Examples of private stocks include shares of private companies which are sold to investors through equity crowdfunding platforms. Stock market and share market are other names for an equity market. An equity market is not a physical facility or discrete entity. Stock exchanges list shares of common equity as well as other security types like corporate bonds and convertible bonds. In contrast, a stock exchange...more
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What is ELSS and what does it do?

ELSS refers to Equity Linked Savings Scheme, a close-ended investment instruments with a lock-in period of 3 years. It is essentially a mutual fund instrument that is based on the performance in the equity markets offered by Mutual Funds Companies in India. An ELSS mutual fund invests at least 80% of its total assets in equity and equity-related instruments. ELSS can be invested using both SIP (Systematic Investment Plan) and lump-sum investment options. A reason why Seema actively recommends it to all the employees in her company when they run helter-skelter to find tax saving schemes towards the end of March every...more
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Income Tax Slabs and Rates for 2018-2019

  Decoding Income Tax Slabs Rahul recently got a great promotion with a sizeable raise. In his 4 years of being on the job, he didn’t have to worry about taxable income. He would diligently submit his investment documents in January, each year. Now, his C.A. informed him that his new salary might be taxable. Rahul knows he can rely on his C.A., but he is curious about how income-tax is computed. Let us help him understand financial terms he should be aware of. Income Tax: As an Indian citizen, you’re expected to pay the government a part of your...more
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