Why is my Mutual Fund doing worse than Nifty?

Over the past 20 years or so, we have seen that the top equity mutual funds have consistently done better than the market benchmarks. Better managed diversified equity funds have delivered an annualised return that is about 3-4% better than the Nifty. This gets reflected in the return delivered by Growth Carts Financial Services portfolio…

5 Mistakes To Avoid While Rebalancing Your Portfolio

Rebalancing your portfolio is necessitated by a variety of factors. Your goals may have been achieved and may call for rebalancing. You may need to maintain more by way of liquidity ahead of milestones and hence rebalancing may be required. There may be a major shift in the macros calling for a rebalancing in your…

MORE ABOUT TAX SAVING UNDER 80C

What are tax saving ELSS funds? Tax-saving ELSS Mutual funds are eligible for tax deductions under Section 80C. These funds invest in stocks and are hence linked to stock markets. These funds have a lock-in period of 3 years (lowest of any tax-saving option) and hence the investors can not withdraw their money before the 3 year period. These are the…

Types of Mutual Funds

7 Common Types Of Mutual Funds Money market funds These funds invest in short-term fixed income securities such as government bonds, treasury bills, bankers’ acceptances, commercial paper and certificates of deposit. They are generally a safer investment, but with a lower potential return then other types of mutual funds. Canadian money market funds try to keep…

E-KYC

WHAT IS KYC?​​  KYC or Know Your Customer is a customer identification process. The Securities and Exchange Board of India (SEBI) has laid down guidelines under the Prevention of Money Laundering Act 2002, which makes it binding for financial institutions and​ financial intermediaries like mutual funds to acquaint themselves with their customers. KYC process helps…

Why Invest In SIP ?

Here are the top 5 reasons to invest via SIP SIPs give a disciplined approach to investing: One of the major benefits of investing via SIPs is that they help in cultivating the investing habit. As you have to invest a fixed amount monthly, you develop the habit of regular investing over a period of…

Importance of Net Asset Value (NAV) in Mutual Funds

1. What is NAV? A mutual fund’s overall cost will depend on the price per fund unit. This is the Net Asset Value or NAV. If you tote up the market value of all the shares in a portfolio, be it cash or expenses, and divide it by the number of current fund units, you get…

Why Financial Planning Important To You?

Confronting financial issues in life is common for everyone. In order to secure your future as well as that of your family members, it is important that you consider investment planning. The first step is recognizing the services of a financial advisor who will help you develop a systematic and integrated plan. Why consider investment…