The Power of Tax Deferment: Let Your Money Grow, Not Your Tax Burden!
The Power of Tax Deferment: Let Your Money Grow, Not Your Tax Burden! When you invest, how your gains are taxed can make a huge difference to your final wealth. Two common types of investments behave very differently when it comes to taxation: Understanding the Tax Difference: 🔹 Taxed on Withdrawal Investments (e.g., certain mutual […]
The Basic Monthly Budget Planner (spending planer) – Expenses Tracker Worksheets Everyone Should Have…
A personal or household budget is an itemised list of expected income and expenses that helps you plan how you’ll spend or save your money as well as track your actual spending habits. Tracking your expenses might be challenging, especially if you’ve put it off for a long time or have never done it before. […]
Jobs: Jr & Senior Operations Executive–Back Office
Job Title: Jr & Senior Operations Executive–Back Office. No of Vacancies: 2 Job City: Pune Company Profile : Sanriya Finvest Pvt. Ltd is among the leading mutual fund distributors in India and servicing its client base spread across India and the globe. For more information about the company visit: https://www.sanriya.net/ Desired Candidate Profile : Candidates having 1-5 […]
What does a Consolidated Account Statement (CAS) mean?
A Consolidated Account Statement (CAS) is a comprehensive report that brings together all your mutual fund transactions and holdings into a single document. Whether you’re investing for retirement, your child’s education, or planning an emergency fund, the CAS offers a complete picture of your portfolio, making it easier to track and manage your investments across […]
What is the cut-off timing for mutual funds?
The new rule regarding the applicable Net Asset Value (NAV) for mutual fund transactions, which occurred on February 1, 2021, requires that the NAV for all purchase transactions be determined based on the realization of funds. This rule was already in place for liquid and overnight funds and has now been extended to all mutual fund […]
How do you select a good Mutual Fund Advisor/Distributor?
Mutual funds are a popular investment choice for diversifying their portfolios and achieving financial goals. However, navigating the complexities of mutual fund investments requires expertise. A mutual fund advisor can play a pivotal role in aligning your investments with your goals, risk tolerance, and financial timeline. Here’s a guide to understanding their role and selecting […]
What is the TRI Index? What is the difference between TRI and PRI benchmarks?
In 2018, the Securities and Exchange Board of India (SEBI) introduced a significant change in measuring mutual fund performance. SEBI mandated that mutual funds use the Total Return Index (TRI) instead of the Price Return Index (PRI) to provide a more precise and accurate picture of fund performance. An index is a tool that measures how a group of stocks performs. […]
What is a capital gain statement, and how can you obtain it?
A capital gain statement is like a report card for your investments. It shows the profit or loss you made from buying and selling mutual funds, stocks, or other assets. It’s important for understanding your taxes, tracking your investment performance, and planning for the future. Why Do You Need a Capital Gain Statement? Tax Planning: It helps you […]
What is a Direct Plan in Mutual Funds?
A Direct Plan is an investment option in mutual funds that allows investors to buy units directly from the Asset Management Company (AMC) without involving intermediaries like distributors or agents, It’s DIY (Do It Yourself). Introduced by SEBI in January 2013, Direct Plans aim to reduce investors’ costs by eliminating distribution expenses and commissions, typically […]
What is the organizational structure of a mutual fund?
A mutual fund is like a big basket that collects money from different people (investors) and invests it in various things such as stocks, bonds, or other assets. This basket is managed by experts who aim to grow the money over time. Let’s break down how a mutual fund works by understanding the key parts […]