Conviction of Mind

ELSS is Equity Linked Savings Scheme and is tax-saving mutual fund that invests in equity and equity-related products. These schemes directly involve in investing in stock markets and carry a inherent amount of risk and can give handsome returns as well. Top 5 ELSS funds The above is the screenshot from the http://valueresearchonline.com/ for analysing all type of mutual funds. I took up a look on the currently available ELSS funds in the market and did some analysis to get this list. This is based on their past performance and this can be well be a probable indication of their future but not their future. To quote the top 5 ELSS funds for this FY 2011-2012, 1. Fidelity Tax Advantage 2. Canara Robeco Equity Tax Saver 3. Tauras Tax Shield 4. HDFC Tax Saver 5. Sahara Tax Gain In the case of ELSS, you get up to 30% returns (because of saving tax) before hand and even if you get 2-3% less after 3 years, it would have beaten any well managed fund by leaps and bounds. So, its always...

And its April and yet another start of the new financial year. If you are a salaried employee of a company, you all would have come across this every year and this is nothing very new. Even if you are not salaried, it is better to have your investments planned before hand for this Financial year before hand and plan accordingly. Why is disclosing the investments important in the month of April? Its nothing to do with the month of April. But its better to disclose in the month of April itself to get the full advantage. For the salaried class of people, who worry about the tax, this marks an important event. This is because TDS (Tax deduction at Source) is based on the investments disclosed and better to disclose the right figure to get the proper cash flow right from the beginning. How I can make this disclosure to my benefit? Understand each and every section that has to be disclosed and the advantages and dis-advantages in detail. Section 80C: Identify how much is already covered by y...

This is a universal question that can be answered with a simple answer: YES and a detailed answer below. SIP is Systematic Investment Planning and it is designed for people who want to be involved in market during all the time, thereby minimizing the risk involved in the volatility of the market. There are many mutual funds currently providing with SIP for the investors and almost all the funds have either the online agents or the agents directly collecting the cheques from your doorstep for investing in your favored fund. Check out Are agents your friends? before deciding and investing on their suggestions. There are no entry load for most of the mutual funds now but still all the agents would still get the Trial commissions which would differ from each fund house to fund house. So, its better to be aware rather to cry later. Coming back to the SIP fundas, You invest a constant sum of amount irrespective of the market condition. It works best for the equity mutual fund and I am going...

Indians are primarily more on the saving side because of the environment surrounding it. They see everyone around them are saving and are doing the same! There is a big difference between Saving and investing and it will be a hard fought truth. Setting a goal and standing by it is pretty hard. The commitment is easy to come by if you are working and set by your peers and your managers (some of them don't get it even under the supervision of strong managers.. :-) ) and its also the inherent nature of the entrepreneur and he has it in his veins. But, to see through a goal that is set as a part of retirement or getting a house is very hard to come by and its hard to come even for an entrepreneur. Let us see a simple example. You need a house. First house. Absolute need. Alteration for rent. Everything. Fine. It should be understood that how much you are currently having in hand and how much you need as a loan and it should be a neatly laid out plan. How many of them who have bought th...

It seems Dhoni has a special feeling towards the golden urn. Suddenly, all is well when it ends well. Dhoni had a dream run in World T20 to secure that he has world renowned leadership and the nerve within him to secure the gold. And then, much fame came to him as a captain of CSK (Chennai Super Kings) in IPL 3 and it moved leaps and bounds within India and won the cup for CSK against Sachin. People even accepted it with a smile. Then, even in Champions League gold followed him. Now, he was in with much renowned batting line-up as the favorites for the world cup 2011 and everyone chipped in bits and parts at some part of the game to MAKE IT HAPPEN. In the league games, there were some hiccups and they proved themselves champions after they beat all the much famed teams in Quarters to Finals. Some of the decisions were breath-taking and has to be taken at that level. Dhoni knows what he is doing when he took three seamers against Pakistan and Sri Lanka in Semi Finals and Finals of such...

Not very long back, It was Tendulkar who took India on his shoulders right through for more than 20 years. There was some days when Opposition team will get control over team India completely once Sachin Tendulkar gets out. But its never the case anymore. It doesn't mean we don't need the master anymore in our team. We do need him for his strokes and occasional mastery words. But our batting order has reached more resilient with him and looks good even without him as well. Its good for the future of the Indian cricket. Is it the time for Sachin to retire? Its never the time to retire for the master unless he himself calls it for. Its not for the media or Greg Chappell to predict but leave it to the great man. Let him play until he enjoys playing and he will call it a day when he think its right! Tendulkar has been part of 33 winnning matches in his 48 centuries. Even though, one would say, 13 on 48 centuries were on the losing cause, it was for establishing pride for the countr...

As predicted in my last post , India came out good and performed well in all its final three stages of the World Cup tournament. It was great to watch all of them chipping in at the right time and contributing for the success of the team. Even though the stats was against you when you were playing against Australia and Sri Lanka, it was really very important to be calm and composed and hit the right chords at the right time. Everyone came good and the best team exhibiting good command over all the other teams won the WORLD CUP that really counts... Happy for TEAM INDIA and proud to be an Indian.