Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
Finance Minister Nirmala Sitharaman delivered the longest budget speech in six years of the BJP government. She started her address in the Parliament by and went on to announce key reforms that sought to address both economic and social aspects of the country. Finance Minister Nirmala Sitharaman said, “In May 2019, Prime Minister Narendra Modi received a massive mandate to form the government again. People of India have unequivocally given their janaadesh for not just political stability, but have also reposed their faith in our economic policy. This is a budget to boost their income and enhance their purchasing power.” Let's look at the key highlights of Budget 2020: New tax Slabs Budget 2020 has made the tax structure more complicated by adding three tax slabs. A new tax regime has been announced. Those who want to be in the old regime with exemptions can continue to pay at the old rates. Taxpayers will have the option to switch t...