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Investments

Where should I invest my money?

Last updated : 28th April, 2014  There is a famous saying in financial world that you will become rich by “Investing” not only “Saving”. Well, Isn’t Investing & Saving is the same thing? Actually No, when you save money, you put it in extremely safe, liquid option like Bank Account, Fixed deposit etc. Saving is mainly to keep pace with Inflation or short term goals or for emergency. When you want to invest, you look around for various available options which can grow your wealth. Based on the goal horizon & risk appetite, you can invest your money in options ... Read More »

Personal Finance resolutions for New Year

Last updated : 23rd April, 2014 Happy New Year !!! January is the month of resolutions. Most people make New Year’s resolutions focussing on physical fitness. At the same time, keeping eye on your financial health is very important. So here are financial resolutions you should make for this new year. 1. I will prepare a master list of all my financial assets Prepare a list of all your investments (shares, mutual funds, NSCs, bank FDs, bonds etc), DMAT accounts, insurance (LIC policies, ULIP, health insurance etc), loans, etc. To start with, write down all these data into an excel ... Read More »

Comparison of Goin Coin rates in India & from where to buy them – (Gold Rates today)

Last updated : 25th April, 2014 Buying precious metal (specially Gold) is considered auspicious on Diwali (3-Nov) / Dhanteras (01-Nov 2013). Gold prices are expected to run upto Rs 33000 /per 10 gram. If you are considering to buy Gold Coins this diwali, this comparison chart will help you to get the best rates Comparison Chart – Gold Coin Rates at various Banks  (as on 31-Oct-2013) ** Above Rates are exclusive of Sales Tax / VAT (which is normally 1%) ICICI Bank also offers gold in 0.5gm, 1 gm & 2.5 gm denomination NOTE:  Banks offer Gold Coins which are ... Read More »

Best Performing Gold Mutual Funds in India

Last updated : 23rd April, 2014 Comparison of Gold Mutual Fund Returns Currently there are 10 Gold Funds in the market and comparison of returns of gold savings funds : ICICI Prudential Gold Savings Fund HDFC Gold Fund SBI Gold Fund Kotak Gold Fund Reliance Gold Savings Fund Quantum Gold Savings Fund Religare Invesco Gold Fund Axis Gold Fund Birla SunLife Gold Fund Canara Robeco Gold Savings Fund The returns of all ETFs are similar as these are passive funds and track gold price movements. However, the difference between returns are because of effective utilisation of cash (5-10% of portfolio) ... Read More »

Best Performing Gold ETF in India

Last updated : 23rd April, 2014 Comparison of Gold ETF Returns Currently there are 13 Gold ETF in the market and comparison of returns of gold ETF : UTI Gold Exchange Traded Fund (ETF) Quantum Gold Fund Kotak Gold ETF GS Gold BsES ETF R* Shares Gold ETF Canara Robeco Gold ETF SBI Gold ETF Motilal Oswal MoST Shares Gold ETF Reliagre Invesco Gold ETF Birla SunLife Gold ETF IDBI Gold ETF HDFC Gold ETF Axis Gold ETF The returns of all ETFs are almost same as these are passive funds and track gold price movements. Read More »

Comparison of Returns of Gold ETF vs Gold Mutual Funds vs e-Gold

Last updated : 23rd April, 2014 In my earlier post, I have compared the features of Gold ETF, Gold Mutual Funds & e-Gold. http://wealth18.com/comparison-of-gold-etf-vs-gold-mutual-funds-vs-e-gold-which-is-the-best/ In this post, I have quickly compared the Returns of Gold ETF, Gold Mutual Funds & e-Gold. Assumption for this calculation Intial Amount invested – Rs 1 lakh Gold prices appreciating 10% every year Based on the above comparison, e-Gold is very cost effective as compared to Gold ETF & Gold Mutual Funds. Read More »

SBI Gold Fund Accumulation Facility – Details & Review

Last updated : 25th April, 2014 SBI Gold Fund has recently launched the unique Gold Accumulation Facility under it’s Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP). The facility would allow investors to invest in the scheme based on a specific quantity of SBI Gold Exchange Traded Schemes (SBI GETS) unit, wherein unit of SBI GETS represent approximately 1 gram of gold. Till now, you could invest in Gold Mutual Funds only by a specific amount and not by quantity (as in Gold ETF – you buy by quantity) Terms & conditions for the Gold Accumulation Facility SIP: Target ... Read More »

Comparison of Gold ETF vs Gold Mutual Funds vs e-Gold – Which is the Best ?

Last updated : 23rd April, 2014  If you want to invest in Gold, electronic form of investment is better than buying physical gold due to reasons of safety, storage, liquidity, purity etc.You have few options of buying gold in electronic format  like e-Gold, Gold ETF, Gold Mutual Funds etc. In this post, I have compared the features of different options of buying gold in electronic form.   e-Gold (NSEL) –   Very Cost effective as compared to Gold ETF / Gold Funds. Best for those you want to invest for longer term & large amounts. Also, Physical delivery of Gold Coins/Bars ... Read More »

Offer for Sale (OFS) – things you should know – process explained

Last updated : 23rd April, 2014 In recent news, you must have heard about government companies like NTPC, Oil India, NMDC etc raising money via Offer for Sale (OFS). In this post, I have tried to explain the details regarding OFS, its process mechanism, how it is different from traditional IPO / FPO route and whether it is beneficial to retail investors. What is OFS? OFS stands for Offer for Sale & it is similar to FPO (Follow-on Public offer). It provides an exchange based bidding platform to promoters to sell/dilute their holdings in listed companies in a transparent manner. ... Read More »

Rajiv Gandhi Equity Savings Scheme – RGESS – Tax Saving Option

Last updated : 9th April, 2014 Rajiv Gandhi Equity Savings Scheme (RGESS) – this new tax saving scheme was introduced in 2012 Budget to attract retail investors to invest in Equity, directly or indirectly.  RGESS scheme was introduced in 2012 budget, but the details of this scheme were made available only in Sep 2012. Presently, only 3-4% of Indian household savings is going into equities as compared to  42% in the US and 14% in China   How much is the Tax Benefit? Under section 80CCG of the IT act 1961, an investor will get a tax deduction of 50% ... Read More »

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