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Senior citizens and retired employees deposits their money in Fixed deposits for their survival.  Now SBI has reducted the fixed deposits interest rate drastically.  SBI FD gives 5.7% per annum and 10% TDS would be deducted from the earning.  Take a consideration of 4% inflation rates and 10% deduction, it would be worst option to keep the money.  Retired employees ...

Mutual funds is an better alternative for fixed deposit in longer term. Here we have another benefit from mutual funds for better returns, Mutual funds with debit cards. It provides two advantages one is short term investment which would give better return than saving account. The next is ATM cum Debit card to withdraw invested money for spending. Liquid mutual ...

Debt mutual funds invest in bonds of companies who need funds for business as a loan or invest in securities issued by the Government.  Debt MF’s return predetermined interest rate which the mutual fund earns and then passes on to the investors either through dividends or by way of growth in the value of the investment. Debt mutual funds is ...

In India,  we have to pay tax for profits and other earnings such as house rent or gain on stocks.  The same applicable for mutual funds as well.   We have to pay tax for mutual fund earnings.  In this post, we would discuss on tax on mutual funds earning and how to minimize that by investing in mutual funds for ...