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Author Archives: wealth18

Best Equity Mutual Funds to Invest in 2018 – Top Performing Mutual Funds

Last updated : 26th January, 2018 If you are looking at this post, then you must be interested in knowing more about best performing Equity mutual 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.  For accumulating sizable corpus in the long run, you should invest in GROWTH option of the mutual funds. It is also better to invest via SIP option (systematic investment plan i.e. periodic investment). Based on the historic performance, please see below the list of ... Read More »

Rakesh Jhunjhunwala Latest Portfolio Holdings – Feb 2018

Last updated : 26th January, 2018 Rakesh 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. 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 ... Read More »

Best ELSS Tax Saving Mutual funds for Investment in 2018

Last updated : 27th January, 2018 Equity Linked Savings Scheme (ELSS) Mutual Funds are one of the popular 80C tax saving options for savvy investors.  Read – Other Tax Saving Options u/s 80C Quick Overview of ELSS Funds ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. 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. Returns are based on returns from Equity Markets.  Returns from ELSS Schemes are tax free. Based ... Read More »

SBI Savings Plus Account with MOD High Interest Scheme – Details & Review

Last updated : 19th January, 2018 In one of my earlier post, I did explain how you can earn upto 9% interest on your Savings account. (Read the post here). Many members asked me about whether such facility available with SBI. So in this post, I am providing details regarding Sweep-in facility in SBI and how can you earn more from your idle Saving Account balance. Savings Plus Account is a Savings Bank Account linked to MODS (Multi Option Deposit Scheme), wherein you can earn high interest from your idle funds in Savings Account. Sweepin Facility – The surplus funds ... Read More »

How to earn upto 9% interest on your Savings account Balance?

Last updated : 19th January, 2018 Yes. You read it right. In this post, I will explain how to earn upto 9% interest on your idle savings account balance. Option 1  –   Choose High Interest Saving Account Typically banks give 4% interest on savings accounts. However, after RBI de-regulated the savings account interest rates, few banks are offering higher rates. Bank / Rates Balance upto 1 lakh Balance above 1 Lakh Yes bank 6% 7% Kotak Bank 5.50% 6% IndusInd Bank 5.50% 6% So, you can get maximum of 7% interest from your savings account.   Option 2  – ... Read More »

Bharat 22 exchange traded fund (ETF) Review & Details – Should you invest?

Last updated : 29th October, 2017 Bharat 22 exchange traded fund (ETF) is all set to open for public subscription. The NFO will start on 15th Nov and closes on 17th Nov. The ETF will mirror the S&P BSE Bharat 22 Index that comprises of selected companies from CPSE universe, stakes held under SUTTI and public sector banks. This include: For portfolio diversification, weighting of individual index constituent is capped at 15 per cent while weighting of each BSE sector is capped at 20 per cent. As part of the NFO, an upfront discount of 3 per cent would be ... Read More »

ICICI Bank Offers – Discount, Cashback on ICICI NetBanking, Credit Card or Debit Card

Last updated : 29th October, 2017 If you have ICICI Bank Account, have ICICI net banking, ICICI debit or credit card, you can avail various offers as below. I have tried to list all the ICICI offers on one  page: Ebay 15% discount of all purchases Internet Banking Max discount – Rs 500 Offer: 18th Oct – 30th Oct 2017 Use: Promo code – ICICIOFF15 10% off domestic & international flight ICICI Bank Internet Banking, Credit Card or Debit Card Max booking amount – Rs 1 lakh Offer valid till December 31, 2017. Use promo code ‘BBICIC10’ Rs 125 off ... Read More »

How to link mobile phone number to Aadhaar

Last updated : 29th October, 2017 As per the recent government directive, all the existing customers have to link Aadhaar with their mobile numbers. Aadhaar-based e-KYC is essential for subscribers going for new SIMs. Further, the government has asked mobile operators to re-verify existing prepaid and postpaid customers, with the help of the 12-digit number. The re-verification exercise is scheduled to be completed by early 2018. In case you don’t complete the process before Feb 2018, services on your mobile will be  disconnected as per the directive from Government of India. So, if you have to link your airtel mobile ... Read More »

How to buy / invest in diamonds through SIP

Last updated : 29th October, 2017 Now , you can invest in Diamonds  by investing small amount through SIP option. Like mutual funds and gold funds, you can now buy diamonds in SIP format through ICEX. Indian Commodity Exchange (ICEX) is the world’s first diamond trading exchange. Key Features: The ICEX is starting trading in diamond contracts of three different sizes -30 cents, 50 cents and 100 cents (1 carat). The diamond is of HVS2 quality, which is one of the largest-traded quality of diamonds. HVS2 quality, which is one of the largest-traded quality of diamonds. Also, the diamond that investors ... Read More »

HDFC Standard Life Insurance IPO – Analysis, Details,Opening Date, Issue Price, Allotment Status, Listing

Last updated : 29th October, 2017 HDFC Life is one of the leading life insurer in India, offering a range of individual and group insurance solutions. Its portfolio comprises various insurance and investment products such as Protection, Pension, Savings, Income and Health. Issue Details of HDFC Life Insurance IPO:    IPO Open:  7th Nov – 9th Nov 2017 Issue Price band: Rs 275 – Rs 290 Issue Size:  Rs 8700 crore Market lot:   shares Minimum Investment:  (Rs per share) Max Investment for Retail Investor – xx shares Book Running Lead Managers:   Edelweiss Registrar: Karvy Listing: BSE/NSE Download – HDFC Life ... Read More »

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