Investing in direct plans of mutual funds are suddenly a hot topic of discussion. Every mutual fund investor wants to know what direct plans mean and how they invest in these direct plans of mutual funds. This post attempts to bring out the frequently asked questions and possible answers on these plans. Be ready to get more informed. What is the […]
Expense ratio – How to select mutual funds
The favourite question of most investors is “how to select mutual funds”. We inverted the question to “how NOT to select a mutual fund“. In this post, we looked at factors like star ratings, past performance or brand names and the over importance they are given in fund selection. These factors, at best, can be used as a starting point […]
Common Account Number for Mutual Funds – You CAN do it!
Life without a Common Account Number Rohit wrote to me recently asking for advice on his mutual fund portfolio. He shared with me an excel sheet that he used to track his investments. It had the names of the funds, the folio numbers, in whose name the holding was, the broker who had facilitated the transaction, amount invested and units. […]
Top 10 Mutual Funds – Facts that you probably don’t know
One of the most searched term on Google is “Top 10 mutual funds to invest in“. Now, when it comes to mutual funds, we know that there are over 300 equity and equity oriented schemes. It is not so easy to select the right schemes for yourself. And hence, the search starts for the top mutual […]
How not to select mutual funds?
Question: How many mutual fund schemes are there in existence? Answer: Close to 1000 mutual fund schemes including diversified equity, debt, tax saving, balanced, MIPs, sectoral, thematic, etc. etc. Question: How many schemes do you need to invest in? Answer: About 5 to 7, depending upon needs. So, out of 1000 mutual fund schemes, you, as […]
Tax savings – 10 ways to save tax and build wealth
It is that time of the year. Your HR department just sent you an email stating the tax that is going to be deducted from your salary in the coming months. Why? Because you are yet to submit the relevant proofs of investments. The amount is huge. It has got your eyes to pop out. It totals up […]
