TL/DR: Summary of the post
1. Child Plans available and marketed by different companies are not great
2. Create your own child plan
3. Mutual funds can be a great way to create a Child Plan for your Childs future
education or other requirements
4. Learn how to create your personalized child plan
Providing your child the best possible education is the dream of every parent and to make this dream into a
Taxes has always raised eyebrows of peoples and are more concerned about reducing its impact. Taxation on investment reduces the net impact of return on investment. This post discusses mutual funds taxation in detail with focus on Equity Funds Taxation, Debt Funds Taxation, SIP Taxation, Balanced Funds Taxation, Index Funds Taxation , Mutual Fund Dividend Treatment/Taxation and ELSS Taxation.
Unlike interest from Fixed deposit which is taxed according to the income tax slab of the depositor,
Birla Sunlife Mutual Fund is one of the premier fund houses in the country. It was established in 1994 as a joint venture between Aditya Birla group and Sunlife Financial Inc of Canada. Birla Sunlife Mutual Fund factsheet is the monthly scorecard of all the mutual fund schemes run by Aditya Birla Sunlife Mutual Fund. Before we get into the details of factsheet for Birla mutual fund. lets have an introduction to Birla Sunlife
Kotak mutual fund which was earlier called Kotak Mahindra Mutual Fund. Kotak Mutual fund is one of the premier asset management company in India. Kotak Mutual Fund offers schemes across the spectrum of fund categories. Kotak mutual fund fact sheet helps you review performance of Kotak mutual funds.
Kotak mutual fund fact sheet gives you the summary of the performance of all Kotak mutual fund schemes here are
ICICI Prudential mutual fund is India’s largest mutual fund company in India. It is a joint venture between ICICI Bank and Prudential Plc of UK. ICICI Bank is one of the most venerable financial institutions in India. ICICI prudential mutual fund was set up in 1993 and offers schemes across the spectrum like debt funds, equity funds, diversified funds.
ICICI Pru Mutual Fund fact sheet tells you the
ELSS and Mutual funds are similar in nature but serve a completely different purpose to investors. In this post, we discuss ELSS vs mutual funds difference, comparison and review.
Equity Linked Saving scheme (ELSS) are open-ended equity mutual fund scheme with the benefit of taxation under Income tax section 80C. The investment made in ELSS are tax exempted up to Rs 150000 under section 80C. These are diversified equity fund suitable for investors
Index funds or Index mutual funds are essentially mutual funds in which investments are made in stocks which track a particular index in the stock market. An index like Nifty 50 or BSE 100. So in a way, they replicate underlying Index. To know more about index funds review our detailed post on Index funds.