10 Rules for Planning a Child’s Future
An individual should have a well-defined and well-thought plan for his/her child’s future. Right from education, marriage and risk coverage, everything must be well planned. While every parent starts worrying about their child from an early age, not many actually do something about it. Here we present to you ten basic rules that will help […]
9 Reasons Why SIP Investment Is the Best Way to Invest
Investing in mutual funds using a systematic investment plan or SIP has become very popular. To know why it is such an effective method to invest in mutual funds, read on! What is Systematic Investment Plan or SIP? Systematic Investment Plan or SIP is a method of investing money in mutual funds. The other way […]
NFO: Is it Good to Buy? Investing in NFO vs Existing Mutual Funds
In recent times, new mutual funds, or NFOs have flooded the markets. So, is it good to buy NFO or should you go with time-proven existing mutual funds? Should You Invest in NFO? Reasons for not Investing Following are the reasons: These NFOs have no proven track record. There are many older funds in the market […]
Just Sold Your ESOPs? How To Invest Large Amount In Mutual Funds?
Employees making money through ESOPs is very rare in India. Unlike in the United States, startup employees rarely make money on ESOPs. However, there are two large exceptions – Infosys and Flipkart. Both the companies are a perfect role model of how hard-working early employees shall be rewarded. Liquidating (selling) your ESOPs would give one […]
Has Anybody Lost Money In Mutual Funds – Answer On Quora
Answer on Quora to “Has anybody lot money in Mutual Funds”: Invest wisely. Read Sangam Sharma‘s answer to Has anybody lost money in mutual funds? on Quora Mutual Fund Calculator SIP Calculator PPF Calculator EMI Calculator Lumpsum Calculator PF Calculator Car Loan EMI Calculator Mutual Fund Return Calculator Gratuity Calculator Personal Loan EMI Calculator […]
How to Add a Nominee to an Existing Folio?
While investing in mutual funds, one can authorize a person to whom the mutual funds will be transferred to in the event of his death. This person is called a nominee. If you already have a folio but there is no nominee updated for it, we can get it updated. The steps are as mentioned […]
How to Update Bank Details in an Existing Folio?
One of our users on Groww recently asked about getting his bank details updated for an existing folio. You can get your account created on Groww in less than 2 minutes. You can get your bank details updated for 2 scenarios. First, if you want to change the current bank that you are using. Second, […]
How to Move Your Existing Investments to Groww?
Want to track all your investments on a single platform? Don’t worry! We can move all your existing investments to Groww. Moving your existing investments is very simple. Request a consolidated account statement of your investments from karvymfs.com/platformservice/ and forward it to email@example.com along with the password you chose. Make sure you have selected the option – ‘Detailed‘. The […]
I Want to Invest a Sum of 2000 in an Equity Oriented Fund Through SIP. Please Suggest in Which Scheme Should Invest?
Congrats on the excellent decision of starting SIP. Small savings can have a big advantage in the long run. There are two steps you should take to choose the right funds for your investment needs. 1. Choose the right category of Mutual Funds – Based on your investment horizon, risk appetite and returns expectations your answer […]
What should be my portfolio of mutual funds for an SIP of Rs. 15000?
It’s important to have the portfolio aligned with your investment goals. The goals need not be as specific as buying a house or going on a world tour. It can be to create wealth in long term or invest with high liquidity etc. For building a perfect portfolio consider the following – Investment goals – […]
Currently I Am Earning 55,000 per Month in a Central Government Job. How Should I Smartly Invest My Money for the Long Term?
Let’s take it from your salary. Salary: 55,000 per month (Assuming this is in hand) Monthly Savings: ~Rs. 25k (if it’s less try to save more) Let’s do some quick maths Monthly Investment: 25,000 (55k – 30k expenses) Time Period: 20 years Based on the below chart, you can get ~16% if you invest in equities. Assuming 16% monthly […]
If I Invest in a Debt Fund(Long Term-Growth Plan in India) and Do Not Redeem It at All, Is There Any Tax Obligation Then?
Unlike FDs, there is no tax liability on capital gains in debt mutual funds until you redeem it. However, the tax liability for debt mutual funds are little complicated as it includes indexation. How Does Indexation works? Indexation is nothing but adjustment of your purchase price with respect to inflation. It means that if you […]
I have 2 crore rupees and a family to take care of. What is the best way to invest the money where I could get a monthly return of at least 75k as I don’t have a job and I need to take care of my family?
Investment Options: Debt (Giving Loan) Saving Account: Very Low Returns FD/RD: Fixed Maturity Bonds: Not very liquid Debt Mutual Funds: Lower Returns than Equities Equity (Buying Shares) Stocks: Very Risky Equity Mutual Funds: Risky is short-term Alternatives (Others) Gold: Low Returns Real Estate: No liquidity Things that are certain here are: Returns: 75k per month (1 […]
What is SWP or Systematic Withdrawal Plan?
SWP (Systematic Withdrawal Plan) is the lesser known twin of SIP (Systematic Investment Plan). SIPs have gained immense popularity in India in recent times. SWPs does the reverse of what SIP. What is SWP? Systematic Withdrawal Plans (SWP), allows you to withdraw a fixed amount of money from a mutual fund at a […]
Why You Don't Need a Demat Account to Invest in Mutual Funds
No. You do not need a demat account to invest in mutual funds. There are several ways to invest in mutual funds. Ways to Invest in Mutual Funds Broker on the Stock Exchange: This is the demat way. For people who invest in stocks, mutual funds, bonds, and other such similar instruments, it is convenient to be […]
What is Exit Load?
An exit load is applicable on redeeming your investment in the case of many mutual funds. You might have read about it when investing and casually ignored it. Though it should not be a major factor in affecting your investment decision, you should know about it. What is exit load? Exit load is a fee charged […]
How Many Mutual Funds Should I Own?
You must have heard of diversification. Every investment advisor asks you to diversify your investments to safeguard it from sudden risks. But do you know you can overdo it? Overdiversifying can prevent you from making good gains! So the question now arises, how many mutual funds should you have? Over-Diversification of Mutual Funds […]
How to Choose Which Category of Mutual Fund to Invest in
So you’ve understood the need for investing and have decided that mutual funds are the way to go. Good going! Now, the next question on your mind: how to choose which category of mutual fund to invest in? Many people often ask, “which mutual fund should I invest in?” This question, unfortunately, has no single […]
How Many Funds Should Be There in an Ideal Portfolio?
Although, there is no rule of thumb as to How many funds should be there in an ideal portfolio. The no. of funds depends upon your investment amount, your investment horizon and financial goal you want to achieve. The higher the amount, the more the funds. But, there should always be an upper limit in this […]
I Am Getting a Monthly Salary of Around Rs.18,000 and Saving Approximately Rs.3000-4000. Where Should I Invest the Money for High Interest Returns?
You can save 3000-4000 out of 18000 which is around 20%. The figure is awesome given your salary. You can follow two strategies to get high returns for a long term. 1 of 2- Rule of 100 A very simple rule stating that 100-your age should be your allocation to equities. Rest should be in debt securities. […]