Nirav Panchmatia's Blog

Month: September 2010

Tax Saving Mutual Funds (or ELSS)

Tax Saving Mutual Funds (or ELSS): Grab them with both hands before they go away One of the best tax saving instruments available today might not be available 2 years from now. You guessed it right; I am talking about “ELSS or Tax Saving Mutual Funds”.  Imagine a product that helps you save tax, has…

Insurance is the subject matter of solicitation

Insurance is the subject matter of solicitation Next time when you come across an advertisement by an Insurance company, read carefully. You shall come across the following disclaimer that says “Insurance is the subject matter of solicitation”. Ever wondered what this term means? As a consumer , this disclaimer/warning is of utmost importance but often…

Six basic questions that every Investor should ask himself NOW

Six basic questions that every Investor should ask himself ! 1. Why Save & invest at all? We do not earn just to meet our daily expenses. We earn so that we can lead a relaxed life & are not financially dependent on others. The amount that we SAVE after meeting our daily expenses needs…

No Entry Load on Mutual Funds: A blessing in disguise

As you might be aware, the Securities Exchange Board of India (SEBI) came out with a new regulation with effect from August 1, 2009 that has an immediate impact on what you pay whenever you buy a mutual fund scheme. Until now (before Sep 1, 2009), all purchases of Equity-based mutual fund schemes were subjected…