Simple steps to follow to maximize the returns from Systematic Investment Plans (SIP) in Mutual Funds

Overview – System Investment Plan (SIP) System Investment Plan (SIP) is the plan where investor makes equal investments at regular intervals into mutual funds on a specific date for a specific period. The biggest advantage is the averaging of the investments made where the market fluctuations are eliminated. How does SIP runs ? Investor makes equal investments at regular intervals over a period of time (minimum 6 months). For an example, investor invests Rs.10,000 in mutual funds  where the NAV […]

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Business Idea – Starting a school books publishing company

Overview Due to growing demand on quality education there are various ways where education institutions are trying to attract the parents. This is one of the evergreen market where one can make money What do school books publishing company do ? Books publishing company can identify the latest hot topics, prepare the content of the book with professionals in educational system, print the same with printers and market them. However in case of school books, it is little easy to […]

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Managing cost budgets-Know your true savings month on month

Have you managed your cost budget and know your true savings month on month ? Overview of "Managing budget" Many of us complain stating that in some months we spend abnormal expenses either for children education, car maintenance or insurance payments and our savings month on month fluctuate. How to identify the true savings month on month is a big challenge for any one. I would be telling you simple tips on identification of true savings month on month. These […]

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Reduce Expenses and Save – Without compromising on the quality of services

  Overview What I meant here is, not to cut-down the items which you use and reduce the expenses. What I refer is getting what you want with lesser costs, thereby increasing savings and adding this kitty as extra income. How to reduce your expenses You are aware of the saying “80% of the problem would be in 20% of the bucket”. Similar way 80% of the expenses would fall under 2-3 categories of expenses. List down your expenses for […]

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Small business idea-Fashion designing-How an Illiterate is heading towards becoming Crorepathi in 5 Years

  Recently, I met one of my old friend, Rahul in one of the get-to-gether. He is illiterate, struggled for earning money for 10-12 years, but now he is earning an income of 3 times more compared to a person working for an IT / MNC company on an average. He is either doing any magic or doing any impossible thing. He is working as small “Fashion Designer”. I repeat he is doing only basic fashion designer work and I […]

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Best Investment Options – Tax saving Schemes in India for 2012

Overview There are various tax saving schemes in India where a individual tax payer can invest and get benefit in income tax.  Currently for FY 2012-13, below are the income tax slabs. Taxable amount (INR) Tax 0 to 2,00,000 Zero tax 2,00,001 to 5,00,000 10% tax 5,00,001 to 10,00,000 20% tax 10,00,000 + 30% tax However we see that an individual tax payer is in hurry to invest the money in one of the tax saving schemes and forget / […]

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