Invest in bluechip funds, giving a return of 64% in the last 1 year

If you are looking for a place to invest these days where you can get a good return with low risk then you can start investing in mutual fund bluechip funds. Bluechip funds have returned 64% in the last 1 year. Today we are telling you about Bluechip Fund so that you too can make a profit by investing in it.

What is a Bluechip Fund?

They are large-cap mutual funds. However, some large-cap mutual funds have also attached bluechips to their names. Such as, Axis Bluechip Fund, ICICI Pru Bluechip Fund, SBI Bluechip Fund, Kotak Bluechip Fund or Franklin Bluechip Fund. Apart from that, Mira Asset Emerging Bluechip Funds from the Large and Mid Cap segment are Principal Emerging Bluechip Funds.

It carries less risk

Bluechip companies are companies that are very large in size and have a strong financial position. It is believed that their stocks have low volatility, so investing in them is less likely to result in losses, especially in the long run.

Download NOW & avail following benefits:

1. Make quick lumpsum or SIP investments:

Enter the scheme you want to invest in, decide the amount and select bank from which you want to pay and make an online payment. And you are done.
Choose from multiple online payment options - net banking, debit card, NEFT/RTGS transfer, OTM.
Whats more? You can make multiple investments in a single order! Why should investing online be different than shopping online :)

2. Save tax under 80C:

Save up to Rs. 46,350* in taxes. Invest Rs. 1.5 lakh in DSP Tax Saver Fund, and save your income from the tax! You can also opt to automate your tax saving investments for every year by starting a SIP in this fund.
*Assuming a tax rate of 30.90% (comprising of 30% income tax, 2% education cess & 1% secondary & higher education cess). The above tax exemption is as per Section 80 C of the Income Tax Act, 1961.

3. Find the right scheme with easy to use filters & scheme pages:

Use filters to shortlist schemes based on your time horizon, risk profile, and investment goals.
Get in-depth details of the schemes you shortlist with easy to understand historical performance charts, latest portfolio, and returns calculator.

4. Unfix Your Money:

Invest in debt funds & get a chance to earn better, tax efficient returns than FDs. When you stay invested for 3 years or more in debt funds, indexation benefit reduces the tax outgo on returns!

5. Easy Account Access:

No need to remember any password or even username! Just enter PAN & tap to get an OTP to get auto-logged into your account!

6. One tap to withdraw investments:

You can put a redemption request as easily as you invest. We will also go the extra mile to show you the exit load applicable, if any.

7. Manage SIPs in few clicks:

Modify your SIPs’ tenure, alter your monthly investment amount, opt for a Top-up or convert existing SIP into a Top-up SIP. Moreover, invest commitment-free with an option to cancel your SIP anytime without any penalties!
DSP also allows you to use the payment instruction set for 1 SIP to be used for starting future SIPs on the fly.

Large cap mutual fund schemes are required to invest at least 80% of the funds collected from investors in the top 100 companies. Bluechip funds are advised to invest in those investors who want to enter the stock market with less risk.

It is worth investing in for a long time

According to Pankaj Mathpal, a personal finance expert and founder and CEO of Optima Money Managers, investing in these schemes should be done with a time period of at least 5 years. One thing to keep in mind is that short-term stock market fluctuations can have a greater impact on your investment while in the long run the risk is lower.

અહીંથી વાંચો સંપુર્ણ ગુજરાતી રીપોર્ટ

With BLUECHIP MF PORTFOLIO App, you can get several views of your portfolio which will not only keep you abreast about its latest status, but also help you making important decisions for investment re-balancing, profit booking or stopping loss.

Here are some of the many features of theBLUECHIP MF PORTFOLIO App:

• Get a summary view of the current status of your investments across asset classes

• Get a summary view of the insurance cover of all members in your family

• Drill down to full detail

• View Upcoming portfolio events

• Get alerts about your important events such as life insurance premium due, general insurance renewals, SIP due, FMP maturity, etc.

• Buy / Redeem / Switch Mutual Funds online from any AMC

• Get best in the class MF advisory

• Raise a service ticket to your advisor

• Host of useful financial calculators to help you plan your short term and long term financial goals

• Digital Vault – access your important documents anytime from your Smartphone

• Provides coverage of all major General Insurance sections such as Health, Motor, Fire etc.

• Track small saving investments like PPF, NSC, KVP, FD, RD etc.

• Maintain your investments in Stocks, Bonds, Bullion, Commodities etc

 

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The AUM of mutual funds crossed the Rs 30 lakh crore mark for the first time

The AUM of mutual funds crossed the Rs 30 lakh crore mark for the first time

• Rapid boom in the equity market and lucrative investor investment in debt funds
• Investments withdrawn by investors from equities, withdrew Rs 13,000 crore in Nov.

Mutual fund industries have also seen a positive trend due to the sharp rise in the equity market. The country's asset management industries hit a new high in November. For the first time, Mutual Fund Industries' AUM has crossed the Rs 30 lakh crore mark. The target of Rs 30 lakh crore has been achieved due to lucrative investments in debt funds.

However, an average of Rs 13,000 crore has been withdrawn from equity funds during this period. According to an Amphi report, November saw an inflow of Rs 44,983.84 crore in debt funds. As a result, the total net inflows in the mutual fund industries reached Rs 27,194.15 crore and the total AUM of the mutual fund companies reached Rs 30,00,904.42 crore. However, in November, investors withdrew Rs 12,917.36 crore from equity funds. As a result, an investment of Rs 2724.95 crore was withdrawn in October from the previous month.

Also a reduction in the investment flow of SIPs

SIP inflows in November fell by Rs 7,799 crore to Rs 7,302.16 crore as compared to October. NS Venkatesh, chief executive of Amphi, said the decline in SIP contributions was not a cause for concern. There was a three-day holiday in late November. The SIP inflow was much higher in the last three days. However this will be seen in a November inflow.

Mutual funds, SIPs, tax savings investments: Etimoni

Reasons to download the etmoney app:

• - Invest in top mutual funds
• - Track and manage external mutual fund investments
• - Get a health report for an external mutual fund portfolio
• - Invest in Bajaj Finance Fixed Deposit
• - Invest in NPS (National Pension System) scheme
• - Buy health insurance and term life insurance
• - Easily track and manage your expenses

It will be beneficial to invest in PPF and debt funds, find out in which scheme you can get higher returns by investing money

PPF scheme

An account can be opened in a bank or post office under this scheme. Apart from this it can also be transferred to any bank or any post fix.

This account can be opened for only Rs. But then it is necessary to deposit Rs.500 every year. A maximum of Rs 1.5 lakh can be deposited in this account every year.

The plan is for 15 years. From which money cannot be withdrawn in the meantime. But after 15 years the plan can be extended for 5-5 years.

This account cannot be closed before 15 years. But after 3 years the loan can be taken against this account. Anyone can withdraw money under the rules from the 7th year of this account if they wish.

The government reviews interest rates every three months. This interest rate can be more or less. The account is currently earning 7.1% interest.

By investing in this scheme Rs. Tax exemption up to Rs 1.5 lakh can be obtained under 80C.

Debt mutual funds

This mutual fund scheme invests in debt securities. Under debt mutual funds, 65% of the investment is invested in government bonds, company bonds and corporate FDs.

The remaining money, except for 65%, is invested in equity. Money from debt funds is invested in fixed return bonds. Therefore, the probability of damage is very low.

Debt funds are subject to long-term capital gains tax (LTCG) on redemption after 3 years. Also, short term capital non-tax (STCG) is levied on withdrawals 3 years ago.

For example, if someone has invested Rs 50,000 for investing in debt mutual funds. Short-term capital gains will be levied, according to the investor's income tax slab. 50 thousand will be added to the taxable income and tax will be levied accordingly.

If an investor withdraws his / her money after 3 years of investment, 20% long term capital gains tax is levied, which also includes indexation. Injection reduces the value of the total profit earned to show the effect of inflation on your investment.

Investors can invest in it to meet short-term financial goals. It is worth investing in for a period of less than 5 years. These mutual fund schemes are less risky than shares.

Where would it be worth investing?

Debt funds can be a great option for you if you take a little risk. This should be stopped through SIP, which is invested every month. This reduces the risk on the investment and also increases the chances of getting a good return. On the other hand, if you want to stay away from market risk, it would be wise to invest in PPF. Apart from this, debt funds are a better option if you invest for a short period of time as PPF has a lock-in period of 15 years.

Invest in Direct Mutual Fund by SIP or Lumpsum with 0% Commission

• - Get an additional return of up to 1% on your existing regular mutual funds and SIPs by switching to a direct plan of similar mutual fund schemes.
• - Save tax on investments in ELSS Mutual Funds starting from 500 / month
• - Switch your existing lumpsum or SIP mutual fund investments with other applications like Paytm Money, Grove, ScripBoxX and Zerodha Coin.
• - Enable fast and easy payments for mutual funds or SIPs with UPI apps like Google Pay, PhoneP, Paytm and one-tap payments through EasyPay and Net Banking.
• - Investment in Zero Commission Direct Mutual Fund schemes
• - Get an additional return of up to 1% on your SIP investments like top fund houses:

અહીંથી વાંચો ગુજરાતી રીપોર્ટ

SBI Mutual Fund

HDFC Mutual Fund,

Reliance Mutual Fund,

Axis Mutual Fund,

DSP Mutual Fund,

Mira Asset Mutual Fund,

Different types of mutual fund investments

• - Start investing in mutual funds according to your investment goals:
• Large Cap Mutual Fund,
• Small Cap Mutual Fund,
• Balanced fund,
• ELSS Fund,
• Liquid Fund

Mutual fund portfolio tracking and health report

• - An investment dashboard to track all your external mutual fund investments
• - Track the returns of your mutual fund investment portfolio
• - Get portfolio analysis of your investments and ideas for improving returns, reducing risk
• - Guaranteed and stable returns with Bajaj Finance fixed deposit
• - Up to 7.35% P.A. The interest rate is higher than bank FD
• - 0.25% P.A. Higher compensation for senior citizen fixed deposit
• - Flexible payment options are available, you can choose regular payments or lumpsum at maturity

Plan your retirement with the National Pension Plan (NPS)

• - Create a paperless NPS account
• - Existing NPS investors can start investing with their PRAN

Health Assure your family's well-being with health insurance

• - Compare health insurance plans and calculate the premium amount
• - Renew your existing medical insurance policy online with one tap
• - Free periodic health checkups

અહીંથી વાંચો ગુજરાતી રીપોર્ટ

અહીંથી જાણો ટોપ ફંડ વિશે માહિતી

Secure your family's future with your term life insurance

• - Create and compare term insurance quotes from the best insurance companies
• - Regular and limited premium term plan options are available
• - Pay premium for few years with limited pay term plan and will be covered for the whole policy
• - Insurance purchased by the best insurers
• - ICICI Lombard Health Insurance
• - HDFC ERGO Health Insurance
• - Religare Health Insurance
• - HDFC Life Insurance
• - Maximum life insurance

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There are many types of income tax exemptions on home loans, millions of rupees can be saved if there is information

• Upon payment of principal under section 80C, an income tax deduction of up to Rs 1.5 lakh is available
• Under section 24b, tax deduction of up to Rs 2 lakh is available

If you are thinking of buying a home and you are thinking of taking a loan for that, it is very important for you to know about the tax exemption you get on a home loan. You can get tax exemption on your loan under other sections including section 80C and 24 (b). CA Abhay Sharma (Former Chairman Indore Chartered Accountant Branch) is telling you about the tax exemption on home loan.

Section 80C

When taking out a home loan, you have to pay the principal at the beginning. Upon payment of principal under section 80C in any financial year, a deduction of up to Rs 1.5 lakh is available on income tax. In addition, under this section you can claim stamp duty, registration charge and other expenses incurred while purchasing the property for tax benefit. For this you can claim a limit of up to Rs 1.5 lakh in Section 80C. This can be done in the same year in which you have spent.

Section 24 (b)

Interest on home loans is divided into two categories - pre-construction interest and post-construction interest. For the interest paid during the period of completion of construction, under Section 24b of the Income Tax Act, Rs. Up to Rs 2 lakh tax deduction is available. There is no high limit to claim interest deduction on leased property. This deduction can only be claimed from the year in which the building is completed.

Often people take out a home loan for a property under construction and later get possession of it. But home loan repayment starts immediately after taking out a loan. Such persons can claim a tax deduction of up to 5 years (in 5 equal installments) on interest up to 5 years before construction is completed within section 24b. Keep in mind that there is a high limit of up to Rs 2 lakh only under the maximum section 24b, which can be claimed.

Section 80EE

Section 80EE allows homeowners to claim an additional deduction of Rs. 50,000 (Section 24) on the interest on home loan EMI. However, the loan is Rs. 35 lakhs and the value of the property should not exceed 50 lakhs. In addition, a person should not have any other assets registered in his name at the time of loan approval.

આ પણ વાંચો:- વિવિધ બેંન્કોના હાલના વ્યાજદર જાણો અહીંથી

Section 80EEA

In last year's budget, an additional tax exemption of Rs 1.5 lakh was announced on interest payments on home loans taken between April 1, 2019 and March 31, 2020. The stamp duty value of the property for tax exemption under section 80EEA should be up to Rs 45 lakh. This discount can only be taken by a first time home buyer. In the Budget 2020 announced a few days ago, the benefit of this section has been increased for one year and now the benefit of tax exemption under this section will be extended till March 31, 2021.

અહીંથી વાંચો ગુજરાતી રિપોર્ટ

Tax deduction on joint home loan

Both the borrowers can take interest deduction of up to Rs 2 lakh per annum under section 24b, while the principal amount can be deducted up to a maximum of Rs 1.5 lakh per annum under section 80C. 

Applying for a joint home loan will enable the borrower to avail various income tax benefits. However, both will be able to take the tax benefit separately only if they also have an owner with the app.

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The Gujarat government has provided Rs. Will give 10 thousand bonus, will have to pay back in 10 monthly installments

The Gujarat government has provided Rs. Will give 10 thousand bonus, will have to pay back in 10 monthly installments

• Advance payments in the form of pay cards will be made to encourage digital transactions

Diwali is the day of reckoning. Then Diwali gifts have been given to government employees by the state government. The benefit will directly benefit more than 5 lakh officers and employees of the state. The state government will provide Rs 10,000 interest-free advance festival on the occasion of Diwali. Which will have to be paid in 10 installments over the next 10 months.

Government employees will be able to buy::

The government has decided to give advance festival bonus so that government employees can make purchases on Diwali. The decision has been made so that government employees can buy items and sweets, regardless of the festival. In addition, the state government has given advanced festival bonuses to government employees to boost the market and boost employment for small traders.

The recession will help bring traders out:::

The decision has been made so that government employees can shop for the family. The government will provide festival advance bonuses to encourage employees to buy and help small traders out of the recession when there is a downturn in the Corona era.

અહીંથી વાંચો ગુજરાતી રિપોર્ટ

The interest will be repaid by the state government in 10 monthly equal installments without interest. As a result of this noble decision of the Chief Minister, people will be able to buy things during the Diwali festival. As a result, business employment of small traders will get a boost. In the current situation, this decision will also give a new impetus to the economy of the country and the state.

However, to further encourage digital transactions, this advance amount will be given to the officers as well as employees in the form of cards. The interest will be repaid in 10 monthly equal installments without interest by the State Government.

અહીંથી વાંચો ગુજરાતી રિપોર્ટ

It has been claimed that as a result of this noble decision of the Chief Minister, people will have flexibility in buying things during the Diwali festivities. As a result, small traders will get a boost in business employment. Not only that, in the current situation, the economy of the country and the state will also get a new impetus.

The government has announced a bonus for Class-4 employees:

On November 6, the state government announced Diwali gifts for government employees. In which, on behalf of the state government, Deputy Chief Minister Nitin Patel announced that the state government will give a bonus of up to Rs 3,500 to a class-4 employee. Read also: Surat:

In this regard, Nitin Patel said, "This will benefit state government employees, panchayat employees, employees of colleges affiliated to the university, employees of non-government schools and colleges and a total of 30,60 class-II employees of grant-in-aid institutions."

State Bank of India offers an exclusive mobile app for customers to apply for a loan for their dream homes through their Android smartphones, making it the quickest and the most convenient way of availing home loan.This app facilitates:

• · Get loan eligibility,
• · Customize loan quotes as per individual’s requirement
• · Retrieve your loan quote at a later date to complete the application process
• · Get Instant “Approval-in-Principle”
• · Download prefilled application form
• · Upload KYC & Income documents
• · Schedule appointment with Bank
• · Request for “Get a Call Back”
• · Track application status
• · Notification and alerts for scheduled activities and completed jobs
• · Get information regarding product features, document-checklist and rate of interest
• · Frequently Asked Questions
• • Get Instant Sanction & disbursement of SBI Tatkal e-Personal Loan.
• 
  
• • Minimum and maximum period for repayment : Minimum 3 months and maximum 60 months
• • Maximum Annual Percentage Rate (APR), which generally includes interest rate plus fees and other costs for a year, or similar other rate calculated consistently with local law: 14.15 %

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Central govt approves scheme for grant of ex-gratia payment of difference between compound interest & simple interest for six months to borrowers in specified loan accounts

Following the announcement of the lockdown, the government will waive compound interest on those who have taken loans between March 1, 2020 and August 31, 2020.

Central govt approves scheme for grant of ex-gratia payment of difference between compound interest & simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020). Benefits to be routed through lending institutions, as per eligibility criteria. 

The central government has taken a big step to get the market back on track due to the Corona epidemic and lockdown.  The Modi government issued a circular on Saturday

 "Those who have taken loans of up to Rs 2 crore from national banks or other financial institutions like NBFCs," he said.  Their lockdown time i.e. total compound interest of 6 months will be waived.

 This means that after the announcement of the lockdown, between March 1, 2020 and August 31, 2020, the government will waive the compound interest on those who have taken out a loan.  That is, if a customer feels compounded interest instead of normal interest due to non-payment of the loan, the government will reimburse him.

The Reserve Bank had earlier asked banks to pay interest rates.  So that they can avoid the burden of paying interest during the time of the epidemic, now this decision of the central government has become a big relief for small and medium enterprises and individual loan takers.  What is a government announcement

 The government said in a circular that all banks 

would now pay the gap between compound interest and normal interest charged to debtors. 

 I.e. those who have paid compound interest by the banks during the lockdown.  They will get their distance back.  So those who have not paid interest during the meratorium will have to pay only modest interest.

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Home and property loans in lowest rate festival offering by bank

Special offers on home loans are being received during the festival season, with several banks including SBI and Punjab National Bank offering low interest rate loans.

• SBI has announced a waiver of any processing fees for home loans
• PNB has come up with a festive bonanza offer for their customers

image source:: divya bhaskar

If you are thinking of buying your own home this festival season then this time would be perfect for it. Many big banks in the country are offering special offers on home loans in view of the festive season. State Bank of India (SBI), HDFC, ICICI Bank, Bank of Baroda and Punjab National Bank are offering many discounts on home loans.

Bank of Baroda Festival offer

Bank of Baroda is offering a 0.25% discount on the current interest rate on home loans under the Festival offer. Apart from this, the bank will not charge any processing fee. This offer can also be availed by transferring the loan to the bank. Bank of Baroda is offering home loan interest rates of 7.00 to 8.60% per annum. On top of this you will get the benefit of the festival offer.

PNB's new offer

Punjab National Bank (PNB) has come up with a festive bonanza offer to its customers. Under this offer the bank will not charge all types of upfront, processing charges and documents on the home loan. Customers can avail this offer till December 31, 2020 through PNB's 10,897 branches or digital channels. The bank is currently offering home loans ranging from 7.10% to 7.90% per annum.

SBI's offer

State Bank of India (SBI) has announced a waiver of processing fees on home loans. You do not have to pay any processing fees if you buy a home. But for this the customers have to apply through the bank application YONO. The SBI said it would offer special discounts to customers at an interest rate of 10BPS, or 0.10%, with a good score. However, it will also depend on the loan amount. SBI is offering home loans ranging from 6.95% to 7.95% per annum.

અહીંથી વાંચો સંપુર્ણ ગુજરાતી રીપોર્ટ

HDFC Bank offers 'Festive Treats'

HDFC Bank has launched 'Festive Treats 2.0' for its customers. Under this, customers will get a rebate on processing fees and EMI on the loan along with cashback, gift vouchers and many other benefits. Home loans are available at an interest rate of 6.95% to 7.65% per annum.

ICICI Bank's 'Festive Bonanza' offer

ICICI Bank has launched 'Festive Bonanza', which is getting a lot of offers. Under this, interest rates start from 6.90% and processing fees start from Rs 3,000.

Larger loans will have more benefits

SBI has announced a 20 basis point discount on home loans over Rs 75 lakh during the festival season. However, it will depend on your Sibyl score. That is, only those with a high CIBIL score will be able to take advantage of it. Also, if you apply for a loan from YONO application and it is approved then you will get an extra discount of 5 basis points. For loans over Rs 75 lakh, the discount will be 25 basis points.

You will get a 10 basis point discount on a small loan

Also, loans of Rs 30 lakh to Rs 75 lakh will get a 10 basis point discount. Also, this discount will be 15 basis points if applied from YONO application. However, it will depend on your Sibyl score. If the home buyer is a woman, she will get an extra 5 point discount. SBI's home loan interest rates start at 6.90%.

SBI's offer during the festive season

Earlier the bank had launched a festive season offer. Under the offer, SBI has announced a 100% waiver of processing fees for home loans, cars, goals and personal loans. That means you don’t have to pay any processing fees if you’re buying a home.

Property prices fell during the Corona period

Corona epidemics have led to a sharp decline in housing property sales. During the July-September quarter, sales in India's top seven cities fell 46% to 29,520 units. Demand for housing property has declined due to the Koro epidemic, according to a report by property consultant Anaroc. Home sales in these seven cities stood at 55,080 units in the same period last year. For this reason, good property can be found at a lower price at this time. 

Getting a discount on property registration

People are hesitant to buy a new property because of the Coronation Age. In view of this, other states including Madhya Pradesh, Maharashtra and Karnataka have announced two to three per cent exemption in registration fees to boost the property business. This has also reduced the final cost of the property.

Getting a subsidy

Under the Prime Minister's Housing Scheme, if you are buying a house for the first time, the government provides a subsidy of up to Rs 2.67 lakh on home loan interest. If you are thinking of buying an affordable house then with this plan you can complete this unfinished work. Applications for this can be made from March 31, 202...

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