Investing savings in the right areas will help us increase our wealth effortlessly. Despite the turbulent economy there always are certain industries that are doing well. The following tips can help you with your investment decisions: #1 Know your timeline If you’re earning a regular income and have a family, it is likely for[...]
To analyse tax savings from mutual funds, we first categorize them into debt and equity mutual funds. Equity mutual funds are those funds which invest 65% or more of its portfolio in equity, whereas, the others are considered debt. This categorization is solely for tax purposes. Equity Mutual Funds Equity funds are generally seen as[...]
#1 Duration in Mutual Funds Generally, Fixed Deposits offer lesser returns on longer duration and mutual funds provide more. Fixed Deposits at present, provide the highest rate of interest for the period between one to two years. Mutual funds provide good returns the longer they are kept. Short duration mutual funds #2 Lock-ins for Investment[...]
Make your future your priority. Make savings your new habit with Synvestment your complete money management guide. Synvestment gives you an in-depth knowledge of various funding options. We bridge the gap between savings and investments and believe in having a long-term association with our customers.