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Before investing in balanced fund we need to know what balanced fund is. Balanced fund invests in both debt and equity (stocks). What is debt? In lay man words debt are fixed income instruments like bank FD, Government security bond etc. Who should invest in Balanced Fund? See there is no exact answer for this. However if you are risk averse and have fear for equity fund but still want to take a flavor of equity return in long run (more than 5 year) then probably this is a fund for you. I would say this is the best way to outsource your asset allocation….By investing in balanced fund you are asking mutual fund to do asset allocation between equity and debt .. Who decides how much of the fund should be in debt and how much on equity? The respective fund manager decides this. Example: HDFC Balanced Fund invests 71 % in equity and 26 % in debt. How Taxation works on this? As per regulation it was defined that the fund which invest 65 % or mo...

Amitabh accepted that he realized by then that he is a actor and he should concentrate on only acting. One fine morning Mr Bachchan wake up in the morning and went to My Chopra and requested him to cast him in some movie. Mr Chopra gave him a break in movie Mohabatein and then in the same year he hosted KBC TV shows. He went for a training same year before becoming host for this reality show. He hosted this till 2005. He started working hard as a new comer at the age of 60 and started getting sponsorship and add one after another slowly. From his initial endorsement he got around 10 crore which he used to repay few portion of his loan. Soon after he started acting in movies and all became hit one after another. Again he proved that if somebody has will he can be young enough anytime to begin and prove. Later Amitabh endorsed for just dial, in return he got 62,794 shares with a nominal value of  Rs.  10 each back in 2011 .In Jan 2014 it was costing more ...

I hope you recognize this guy …. He is none other than Mr Amitabh Bachchan who is the star of the millennium. I hope he does not require an introduction any more … Am I right  J   Why I took this guy’s example because I can co-relate his problem with common man. He started from dust and had become billionaire and then again became bankrupt ….. again started his new journey at the age of 60 and re-established his acting and money power… Mr Amitab Bachchan son of Mr Harivansh Rai Bachchan and Teji Bachchan in Allahabad, Uttar Pradesh…. Who took birth on 11 October 1942.Since 1969 he is active in cinemas. Actually his good name was Inquilab Rai Bachchan which had a short-lived existence because at the insistence of friends, Blinding Light replaced Revolution and Inquilab became Amitabh. Amitabh completed his formal education from Kirori Mal College of Delhi with double Master of Arts degrees from Delhi University. After completing his education in the nationa...

ELSS is Equity Linked Saving Scheme mutual funds which come under 80C for tax savings. ELSS funds offer triple benefits of tax savings, capital appreciation and tax free returns to the investor. Few things you must know: • It is diversified and comes under 80C for tax savings.     • The return and dividends for ELSS are tax free like in PPF. • This has luck in period of 3 years unlike in PPF for 15 years. • In the PPF, the investor must make at least one contribution in a year or pay a penalty. However, there is no such compulsion in ELSS funds. • The returns are entirely dependent on market .However Some of the funds have grown 2 times in 3 years and 3 times in 5 years. How you can maximize return from ELSS? • Make it GROWTH option instead DIVIDEND option and choose best performing funds. • Can make it DIRECT plan in order to save commission and other expense but your agent may not like this  J • Start through SIP for cost averaging. Let...