Tax planning is an important aspect of financial planning. We work hard to create wealth for our future; wouldn’t it be nice if we can save our wealth from taxes so that we can work towards our dreams of a bigger house, better car, a foreign vacation, etc.? Equity-linked Saving Scheme (ELSS), also known as…

Union Mutual Fund has launched an open-ended debt scheme, Union Medium Duration Fund (UMDF). It will invest in debt and money market instruments such that the Macaulay Duration of the fund is between 3-4 years under normal circumstances. What is a medium duration fund? As per the SEBI classification, a medium duration fund will invest primarily…

A month ago, the investment journals and business dailies were loaded with stories of SIPs (Systematic Investment Plans) delivering negative returns. For investors planning financial goals, it was disappointing and disheartening to see their wealth being eroded –particularly in small-and-midcap schemes. More than half the Systematic Investment Plans (SIPs) in the equity-oriented funds delivered negative SIP returns over 3…

Though small cap stocks generally tend to be highly volatile, the small cap category has been under immense pressure over the last two years. This poor performance can be attributed to expensive valuations in the segment until a couple of years ago, prolonged economic slowdown, and demonetization. Post the pandemic outbreak, the category lost more…

Although the track record of a mutual fund scheme speaks for itself, rarely, it suggests anything about the future. As you may be aware, the investor community across the globe has always focused on a host of financial factors to evaluate the attractiveness of a company. However, doesn’t it boost your confidence if you know…

Baroda Mutual Fund has launched an open-ended equity scheme, Baroda Large & Midcap Fund. Looking at the current market sentiment, several fund houses are of the view that when large-cap space and midcap space are combined, one gets an opportunity to invest in stability of large-caps and high growth potential of midcaps. Hence even Baroda Mutual…

After a tumultuous 2019, this year began on a positive note; but the equity market has crashed since the pandemic… the profit lines of most businesses are affected and global economies have suffered. As unpredictable as this crisis is, the end of COVID19 pandemic wave could be on the horizon. In the present troubled environment, there are…

Stocks across market capitalisation have tumbled under the pressure of high volatility and uncertainty that’s gripped the equity market due to the pandemic. Consequently, the midcap index plunged by around 30% in March, relatively higher than the ~23% decline seen in the large cap index, when the virus outbreak was declared as a pandemic. Interestingly,…

Advancements in Information Technology (IT) have seen a boost since the COVID crisis, but selecting IT stocks remains a challenge, making active fund management difficult. Keeping this in mind, ICICI Prudential Mutual Fund has launched an open-ended Exchange Traded Fund – ICICI Prudential IT ETF. The fund house is of the view (as mentioned in…

Investors who want to save tax and have opted for the old tax regime can choose from various tax-saving instruments such as provident fund, national pension system, tax saving mutual funds (ELSS), etc. Investing in ELSS can reduce your tax liability and potentially generate gains for the long term. Currently, many are hesitant about investing…