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All mutual fund schemes offer two plan- Regular and Direct Plans. In Regular plan investors invest through the intermediary and commission paid (distribution cost) to Brokers/Intermediary by the AMC to facilitate the transaction, which is charged daily as a small part in the expense ratio from the fund NAV (Net asset value) But in Direct plan, you can invest without involvement of an intermediary, there is no any embedded commission involved in the expense ratio, you save that commission which ...
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If you have not yet filed your Income Tax Return,or ITR, then their is a big relief. The tax department recently has extended the last date to file ITR(Income tax return). The due date for filing ITR for financial year 2017-2018 or assessment year 2018-2019  has been extended to 31st August from 31st july. “The due date for filing of income tax returns for Assessment Year 2018-19 is 31.07.2018 for certain categories of taxpayers. Upon consideration of the matter, the ...
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Over the years, you might have come across quite a few ‘golden rules’ of personal finance. You may have read up about these personal finance tips online or learned a rule or two from friends, family, colleagues, etc. The rules almost seem quite predictable: Save more, spend less, invest, plan for retirement, etc. The list may almost seem endless. And then… When the time really comes for you to take charge of your personal finances, you tend to get confused ...
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Sukanya Samriddhi Yojana (SSY) is a monetary savings scheme provided to all households to help them endure the fundamental expenses of raising a woman child, especially her schooling. It is a deposit scheme for the woman child introduced under the government campaign “Beti Bachao Beti Padhao”. It needs a minimum deposit of Rs. 1,000 and a maximum of Rs.1.5 lakh during the on-going fiscal year. A household will open them in any local post office or approved the branch of ...
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A guide on Hra calculation and how to claim Exemption. Salaried individuals who Reside in a rented home Can claim House Rent Allowance (HRA) to lower taxes. This may be partly or completely exempt from taxes. The allowance is for expenditures related to accommodation that is rented. If you do not live in a rented accommodation, then this allowance is completely taxable. The decision of how much HRA needs to be compensated to the employee is made by the employer ...
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Aspiring for higher education overseas certainly seems like an exciting proposition filled with a whole new world of opportunities and experiences. Rapid globalization has opened doors for Indian students to explore opportunities for studying in prestigious universities around the world. As seekers of the latest cutting-edge knowledge in the fields of technology, business, medicine and even artistic pursuits, there has been a huge rise in Indian students seeking to study in foreign universities. As per Government of India data, there ...
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How can you Save Money While Travelling in India “Save money in current destination will help you later, to travel at new destination” I often get questioned as how to save money while travelling in india or in vacation, how to get cheap airlines and how to get hotel in low price when we are at tight budget. After all, money saved at one trip would actually mean More travel, opportunity to explore more location at new destination. I usually trip ...
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Should I start SIP in Kotak Standard Multicap Fund (Erstwhile Kotak Select Focus)? A Large-Cap Diversified Fund (Kotak Select Focus Fund) with a track record of over 7+ years now, has been steadily making a new mark every time in the equity universe showcasing consistency since launch. Trailing returns of 15.95% over a 7 years period, while its benchmark (Nifty 200) had given 10.36% in the same duration. Trailing returns prevails enough to answer above question that should I start ...
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How Can You Start Saving Money ...There are Countless reasons might be, not to Save money at our 20’s or 30’s. Lifestyle upgrades, living in the moment and crippling debt are just some of them. The truth is that a lot of us know the fact that saving is essential for survival, but only a few people put their money where their mouth is.“Many folks think they aren’t good at earning money, when what they don’t know is how to ...
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Cryptocurrencies are the new cool in the field of investment and money exchange and Litecoin is the new kid on the block. You have probably heard of Bitcoin before but not much about Litecoin, right? Stay tuned till the end of the article as we are going to explain everything that you need to know about Litecoin and while you are at it, do not forget to check out exciting signup offers for some amazing discounts and cashbacks. What is Litecoin? ...
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