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Oct232021 by wealth18.comNo Comments

[Oct 2021] Best ELSS funds for 2021 – Top Performing Tax Saving Mutual funds for Investment

Mutual Funds

Equity Linked Savings Scheme (ELSS) Mutual Funds are one of the popular 80C tax saving options for savvy investors. ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. Overview of ELSS Funds It is a diversified equity mutual fund There is a lock in period of 3 years from the date of investment. You can remain invested even after 3 years and can withdraw anytime after that lockin. You should not be rushing to sell after the lock in period. Returns from ELSS Schemes are tax free. As the investments are in shares, it is subject to market volatility, so you should have longer time frame in mind. There is no limit of investment in ELSS Funds, but you can claim Tax deduction upto Rs 1.50 Lakh under Section 80C of Income Tax Act. Read - ...

Oct232021 by wealth18.comNo Comments

[Oct 2021] Best Top Performing Sector or Thematic Equity funds for 2021

Mutual Funds

When you have invested in other Equity funds, like Large, Midcap, Small cap, Multipcap Equity funds etc, you can consider allocating some funds to any sector specific or Thematic funds. As the name suggests, these funds invests in share of specific industry (e.g. pharma) or specific theme (i.e. infrastructure) etc. These funds have higher risk as compared to diversified Equity funds, so you should allocate only a portion of your funds, for e.g. 10-15% depending on your risk profile. Some of the best performing Sector / Thematic Funds are as follows for investment in 2021 Pharma & HealthCare funds Due to recent pandemic, Pharma & Healthcare sector companies are doing well and are giving good returns You may note that Pharma funds have not done well during 2016-2019, but d...

Oct232021 by wealth18.comNo Comments

[Oct 2021] Rakesh Jhunjhunwala Latest Portfolio Holdings

Featured, Stocks

ilntRakesh Jhunjhunwala, 53, India's most distinctive investor with a net worth of more than USD 1 billion. He is one of the most famous and respected equity investors in India and manages his own portfolio as a partner in his asset management firm, Rare Enterprises. About Rakesh JhunJhunwala Son of an income tax officer, he started trading in stocks while in Sydenham college and plunged into investing as a full time profession soon after completing his education. He started his career with $100 in 1985 when the BSE Sensex was at 150. He made his first big profit of Rs 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a price of Rs 143 which he had purchased for Rs 43 a share just 3 months ago. He made his first million in an iron ore mining company Sesa Goa whose shares ...

Oct232021 by wealth18.comNo Comments

[Oct 2021] Best Equity Mutual Funds to Invest in 2021- Top Performing Mutual Funds

Featured, Mutual Funds

Equity Mutual funds are one of the best investment option for long term. Over a long term, equity investments have given better returns than fixed deposit, gold etc. So as part of investment strategy, one should definitely consider some exposure to equity funds. Based on your risk profile, you should allocate a portion of your investment amount into Equities. Mutual funds is the best route for retail investors to invest in Equities. Options to select When you have decided to invest through mutual funds, you should consider selecting following options: Direct option - If you are investing directly, you should select DIRECT option. You save distribution commission as the mutual fund company is not paying any commission on such mutual funds and those benefits are passed on...

Sep202021 by wealth18.comNo Comments

Paras Defence & Space Technologies IPO – Analysis, Details, Review, Opening Date, Issue Price, Allotment Status

Stocks

Paras Defence & Space Technologies IPO is opening on 21st Sep 2021. Paras Defence operates in five verticals viz. defence and space optics, defence electronics, heavy engineering, electromagnetic pulse protection solutions and niche technologies. Its major clients include defence public sector undertakings such as Bharat Electronics, Bharat Dynamics and Hindustan Aeronautics, and companies in Belgium, Israel and South Korea. Issue Details of Paras Defence IPO: IPO Opens on 21 Sep 2021 IPO Closes on 23 Sep 2021 Issue Price band Rs 165 - Rs 175 Any Discount NA Issue Size Rs 181 crore Minimum Investment 85 shares lot (min amount 14875) Max Investment (Retail) 13 lots / 1105 shares (amount Rs 193375) Registrar Link Intime Book Running Lead Managers Anand Rathi Li...

Sep112021 by wealth18.comNo Comments

30 Best Mutual Funds from key categories from Moneycontrol

Mutual Funds

To help you create a well-rounded MF portfolio, Moneycontrol personal finance filtered a crisp set from a list of over 1,000 MF schemes. There are 1,554 MF schemes in the market. Even if you remove 522 closed-end schemes, you are still left with close to a 1000 funds to scan and decide. Even if you break them into three broad categories, you have 351 equity, 313 debt and 140 hybrid funds on offer. Making choices among passive funds isn’t easier either. There are 49 index schemes and 11 gold exchange-traded funds (ETFs). In addition, there are 97 other equity, debt and international ETFs. Moneycontrol has curated basket of 30 hand-picked MF schemes for you to choose from (MC30). That is not to say you must invest in all the 30 schemes. Instead, you should invest in just 6-10 MF schemes to...

Sep112021 by wealth18.comNo Comments

10.47% Kosamattam Finance (KFL) NCD Sep 2021 – Details & Review

Bonds, Misc, NCD

Kosamattam Finance is looking to raise up to Rs 300 crore through secured redeemable non-convertible debentures (NCD) offering interest of 8.30% - 10.47% for different maturities. Kosamattam Finance (KFL) is a systemically important non-deposit taking NBFC primarily engaged in the Gold Loan business, lending money against the pledge of household jewellery ("Gold Loans") in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat and Telangana along with the Union Territory of Puducherry. Key Features for Kosamattam Finance (KFL) NCD Issue Open Date 30 Aug 2021 Issue Closing Date 24 Sep 2021 Type of Instrument Secured redeemable NCDs Size of issue Rs 300 crores (Base size: Rs 150 crores) Minimum Investment 10 NCD (Rs 1000 per NCD) Max Inve...

Sep112021 by wealth18.comNo Comments

9.75% Indiabulls Housing Finance NCD Sep 2021 – Details & Review

Bonds, Misc, NCD

Indiabulls Housing Finance is looking to raise up to Rs 1,000 crore through secured / unsecured redeemable non-convertible debentures (NCD) offering interest of 8.75% - 9.75% for different maturities. Indiabulls Housing Finance is one of India’s largest housing finance companies and has assets under management (AUM) of ₹79,213 crore with more than one million customers as of 30 June 2021. Key Features for Indiabulls Housing Finance NCD Issue Open Date Sep 6 2021 Issue Closing Date Sep 20 2021 Type of Instrument Secured redeemable NCDs Unsecured, subordinated, redeemable NCD Size of issue Rs 1000 crores (Base size: Rs 200 crores) Minimum Investment 10 NCD (Rs 1000 per NCD) Max Investment N/A Listing BSE, NSE Credit Rating CRISIL AA / Stable by CRISIL Ratings and B...

Sep112021 by wealth18.comNo Comments

Further Extension – Income Tax Return Filing Deadline for FY 2020-21 (AY 2021-22)

Taxation

CBDT has further extended the due dates for filing the Income Tax Returns and various reports of audit for the Assessment Year 2021-22. This is primarily due to the challenges reported by taxpayers and other stakeholders. In May, the Finance Ministry had extended the compliance deadlines stating that the extension of time limits for certain tax compliances is being given to provide relief to taxpayers in view of the severe pandemic. Now, these deadlines have been extended further. For individual tax payers (whose accounts are not to be audited), the due date has been extended to 31st Dec 2021. Earlier extended deadline Revised extended deadline Due date for ITRs for individuals whose accounts are not to be audited 30th Sep 31st Dec Due date for ITRs for Companies 30th Nov 15th F...

Sep112021 by wealth18.comNo Comments

HDFC Bank Credit Cards – Features and Comparison

Credit Cards, HDFC Bank Credit Cards

HDFC Bank offers variety of credit cards to suit needs of different customers. As there are multiple credit cards, it is sometimes difficult to choose the one which is better for you. In this post, I have summarised the list of all credit cards offered by HDFC bank, that will help you to choose the right one. You can then check the features for individual credit cards also. HDFC Super Premium Cards HDFC Bank Infinia Credit Card: This is super-premium credit card by HDFC and gives the best benefits any credit card can offer. You can get the redemption value (equivalent to cashback) of upto 33.3% ( redemption against flights / hotels booking) Lounge benefits, Dining Benefits, complimentary golf, lowest currency markup fees, fuel fees waiver Amazing reward points and redempti...