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Improving your Credit Score

Response from a funder in times of great uncertainty-To support our grantees in these difficult times.

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Invest in SIPs and ride the market volatility with ease

Response from a funder in times of great uncertainty-To support our grantees in these difficult times.

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Should LTCG Tax bother your Mutual Fund investments?

Author: Team - Edelweiss Partners

03-AUG-2018

Till the financial year 2017-18, the long term capital gains on sale of equity shares and equity oriented mutual funds were exempt from tax. However, the Union Budget 2018 proposed to introduce LTCG tax on equity investments in shares and mutual funds @ 10% from 1st April 2018. As such, it has been seen as a negative as the tax rate has increased from 0% to 10%. However, knowing this fact plainly may do more harm to your long term investment strategy. This article aims to help you understand the impact of this tax on your money management.

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Primer on Hybrid Funds (Post reclassification)

Author: Team - Edelweiss Partners

03-AUG-2018

Recently SEBI has categorised and rationalised mutual fund schemes. Though mutual funds are increasingly becoming popular as avenues of investments, for the lay investor it was not easy to choose among the huge range of funds (837 open ended schemes) and know what was good for him. The re-classification was done with the aim of brining uniformity in offerings and giving clarity to investors as regards to the investment objective of each fund. The purpose was also to standardize the scheme categories and characteristics of each category so that the investor can evaluate different options available and make an informed decision.

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Steps to avoid the financial mistakes on daily basis

Author: Team - Edelweiss Partners

23-JUL-2018

Proper planning and wisely investments will help you attain towards your purpose and also help attract clients from your end. It is always advisable to be careful rather than making silly financial mistakes. Building and maintaining your finance is one thing and ensuring you don’t make a financial mistake is another. Most often financial mistakes are made due to complex in personal expenses. Another reason could be by not investing in right mediums to order for the capital to grow. Clients that are associated with you will always want their finances and funds to escalate which is why helping them attain through the best medium becomes a basic objective. Managing your personal as well as professional finance is a must. Also having a systematic plan and wise investments leads towards growth in existing resources. This is important as well as essential not only to adults but also to young people for a stable future.

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Use Liquid Funds To Grow Your Money

Author: Team - Edelweiss Partners

15-JUN-2018

For most, savings means keeping the excess amount in their savings account. While this may be a good start it is not the best way to grow your money. Savings bank accounts in most banks offer an interest rate of 4%, some even offer 6% returns on deposits. While a little bit of extra money is always welcome, why settle for less when lucrative options are available? Fixed deposits also offer good returns, but liquid funds are a much better option. Here we will tell you more about them, and why you should consider them instead of the usual savings account

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What is better – Home loan or house on Rent?

Author: Team - Edelweiss Partners

8-JUN-2018

Buying a house is always on one’s wishlist but since it calls for a big-ticket investment, one generally needs to wait sometime before one can purchase a house property. Owning a house is perceived as a dual investment since it allows you to get benefited from the capital appreciation of the property and also save on the rent you would have paid on the rented property instead of staying in your own property. However, given the sky-rocketing prices especially in the metropolitan areas, one may not be able to buy a house sooner through own resources and would have to resort to a home loan instead. While home loan also allows you certain tax concessions, making this big decision still calls for more thoughts to ponder over.

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Saving Taxes with Mutual Funds

Author: Team - Edelweiss Partners

08-JUN-2018

The financial year 2018-19 has just started and accordingly, the agenda of tax saving might not be on your priority list right now. The general tendency is to check the tax saving options only neat the financial year end, but sooner you start, more comfortable you get with your tax savings as regular savings take off much of a load from your pocket. The traditional investment avenues like Public Provident Fund (PPF), Life Insurance Premium, National Savings Certificates (NSC), 5-year tax saver FDs etc. have been the preferred options. However, even Mutual funds can help you save taxes and considering the lock-in period along with the potential for higher returns, Equity Linked Savings Schemes (ELSS) emerge as a reasonably better choice.

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Received a Promotion? Time to step up your SIP

Author: Team - Edelweiss Partners

13-FEB-2018

Building a financial plan involves listing down your financial goals, quantifying them for the amount required for such goals over time and planning to build a wealth corpus systematically to achieve such goals. Systematic Investment Plans (SIPs) are emerging as a preferred investment mode for investing periodical amounts in a mutual fund scheme of our choice. While many of us may indeed be inclined to save regularly and consistently in pursuance of such financial plans, we tend to make it as a one-time activity.

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How to improve your credit score?

Author: Team - Edelweiss Partners

13-FEB-2018

Your credit score is a reflection of your credit habits and is calculated on the basis of various parameters linked with your loans and outstanding debts e.g. paying loan installments on time, rolling over your credit card bills, utilisation of credit cards etc. When a bank or a financial institution is considering to sanction a loan/ credit card to you, the credit score is what poses your first impression to the bank. The bank can instantly gauge your behaviour as a borrower on the basis of this score only.

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