What are the top mutual fund companies and scheme in India?

On the background of good governance, possibility of strong economic growth and stagnancy in real estate, Mutual Funds are becoming a preferred mode of investment for both HNIs (High Networth Individuals) and Retail Investors.

Infact, the kind of growth which is being seen in Mutual Fund Industry right now is unprecedented and the overall asset base has already cross Rs. 19 Lakh Crore in FY 2017 and is expected to cross Rs. 20 Lakh Crore by the end of this Financial Year (as reported in following TOI Article). Continue reading “What are the top mutual fund companies and scheme in India?”

How does taxation on Mutual Fund investments work?

However, complicated it might sound, tax levied on Mutual Fund investment is very straight-forward and simple. Best thing about taxation on Mutual Funds is that there is no TDS (Unlike Fixed Deposit), and a investor needs to declare it’s taxes on it’s own after adjusting for all capital gains (or loses). Continue reading “How does taxation on Mutual Fund investments work?”

What are the different kinds of mutual funds and where do they invest?

The investment patterns in India have always been inclined towards risk-free zones. People preferred fixed deposits, gold, land, and government bonds. As surety of return has always been a critical factor, people tend to avoid high-risk investments. Mutual Funds solve these problems. If invested wisely, these are the most flexible, comprehensive, and hassle-free medium to invest.

While these are the traditional methods of safe investment, there are certain trends which are on the raise.

Continue reading “What are the different kinds of mutual funds and where do they invest?”

Stay poor, stay optimistic!

My dear fellow and aspiring entrepreneurs,

The ongoing state of valuations, apparent drying-up of VC funds, and the rising murmurs of the startup bubble bursting are enough to put one through the five stages of grief. We are entering a new phase of startups in India – a ‘self-realisation’ phase that was preceded by ‘doubt’, ‘exuberance’ and ‘vanity’.

Let me clarify. Continue reading “Stay poor, stay optimistic!”

How the realization of a crooked system made Varun start FinoZen and FinoTrust

We Indians take our time in trusting someone, usually because we have heard stories of how our parents were cheated by someone or in our day to day life i.e. when we go shopping or in auto etc. we see that people are trying to fleece money from us (of course with exceptions of some good samaritans!)

The irony of the situation is however that we get around to trusting institutions easily – Continue reading “How the realization of a crooked system made Varun start FinoZen and FinoTrust”

What Are The Best Tax Saving Plans & Options in India?

Various schemes can help people to save money on tax. To save money on tax is an essence of today’s modern world. Day by day individuals are planning to save money on tax. An income tax is imposed on an individual or a company by the government of India in the slab of taxable income. India has got multiple government as well as private organizations offering numerous tax saving options to the residents of our country. There are some of the best tax saving instruments in India and here is a short list of them. Continue reading “What Are The Best Tax Saving Plans & Options in India?”

What are the best ways for NRIs to invest money in India?

NRIs or Non Resident Indians are always facing a difficult question! Where should they save their money? In India or in the country they work in? Many financial experts will advise you to compare the financial situation in both the countries and understand which is most suitable. But one reason why most NRIs wish to keep some investments in India, is for liquidity in case of emergency and that the rate of returns in India is much higher than that of any other country, while in India it’s easy to earn 7% returns risk free, in US the same no. is less than 1%. Infact, in India if you invest in the right set of mutual funds and have a time horizon of 3 years+, you can easily earn 12%-15%+ Continue reading “What are the best ways for NRIs to invest money in India?”

Saving money as emergency fund. How to plan & invest? With real world scenario

Let’s start from the very beginning on how emergency funds saved us from a dire situation.

To my naïve 10-year-old eyes, the sight of those white crisp envelopes that came out every month from my mother’s cupboard was sheer joy. It meant it was the day that I can feel important and go about doing things adults do – Count Money! Continue reading “Saving money as emergency fund. How to plan & invest? With real world scenario”