We have 11,681 Mutual Fund Schemes that are currently available in the market (Equity & Debt Schemes). That’s a huge number, right? It is a challenging task for any investor to identify and invest in best mutual funds. A ‘good mutual fund scheme’ is the one that consistently manages to outperform its category returns and also it’s […]
Archives for December 2015
Top 6 Best ELSS Tax saving Mutual Funds to invest in 2016
ELSS or Equity Linked Savings Scheme of Mutual Funds are one of the best tax saving cum long-term wealth creation investment tools. The investments made in ELSS schemes are eligible for income tax deduction under Section 80c. For salaried employees, the deadline to submit the Investment Proofs to save income tax is fast approaching. Most […]
MCLR : New Lending Rate on Bank Loans w.e.f Apr 2016 – Details, Components & Review
The Reserve Bank of India has issued new guidelines for setting lending rate (on loans) by commercial banks under the name Marginal Cost of Funds based Lending Rate (MCLR). It will replace the existing base rate system from April 2016 onwards. Base rate system was introduced by RBI in July 2010 to ensure that banks […]
Money management lessons for kids that go a long way!
As parents of children you are perhaps always worried about whether or not you are instilling adequate life skills in your child. You want them to grow up to be responsible individuals who are equipped to take care of themselves. One important aspect of teaching life lessons to your children involves teaching them money management from […]
ICICI Bank’s Money2World : Transfer money to any Bank around the Globe online!
ICICI Bank has recently launched Money2World, an easy and convenient online outward remittance service. This latest online facility can be used by the Resident Indians for sending money online from India to overseas. Money can be transferred from any Bank in India to any Bank around the globe. ICICI’s Money2World facility claimed to be India’s first fully online service […]
What is ‘Assignment’ of Life Insurance Policy?
Insurance is a contract between the insurance company (insurer) and you (policyholder). It is a contract with full of jargon. As much as possible, we must try to understand all the insurance terms mentioned in the policy bond (certificate). One such insurance jargon which is mostly used is Assignment. If you are planning to apply […]
