SIPs and STPs Demystified
Dear Friends, Id Mubarak! I presume you would have heard the Financial Jargon “Systematic Investment Plan” of SIP. SIP refers to investing a fixed sum of money on a periodic basis over a long duration. A Bank Recurring Deposit is in a way SIP. It inculcates a regular savings habit in us. But the power of SIPs can be appreciated only when you invest in Equity where there is a fluctuation and the value...
Meeting with Mr. Prashant Jain, Globally acclaimed HDFC AMC Fund Manager
Dear Friends, Today, 15th July 2014, was a dream come true for me as I had the opportunity to meet Mr. Prashant Jain, one of the all-time best Mutual Fund Managers in India and currently the Executive Director and Chief Investment officer of HDFC Asset Management Company, at Park Sheraton, Chennai. Prashant is an IIT Engineer, IIM MBA, and a CFA and based out Mumbai, Mecca of Indian MF Industry. For people who are...
Draconian Proposal from Mr. Jaitley, Budget 2014
Dear Friends, I am sure you would have read about the proposals in the Union Budget – 2014, presented by the Finance Minister Mr. Arun Jaitley which includes a tax exemption limit increase by 50,000/-, increase in 80C investment limit from 1 to 1.5 lakhs, increase in loss of house property exemption from 1.5 to 2 lakhs and so on. While there has been a slew of good measures from the FM, the proposal...