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The Rise of Disposable Vapes: A Convenient Revolution

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In recent years, the world of vaping has witnessed a significant shift with the emergence of disposable vapes. These sleek, easy-to-use devices have quickly gained popularity among both seasoned vapers and those looking to make the switch from traditional smoking. In this article, we'll delve into the disposable vape phenomenon, exploring what they are, why they're gaining traction, and the potential impact they may have on the vaping industry and public health. What are… Continue

Want To Invest In Sips? Make A Note Of These Things

Often, people do not have large sums to invest. This lack eventually stops them from kickstarting their investment journey altogether. Considering this issue, fund houses offer a Systematic Investment Plan. It is an investment plan that follows an orderly structure. It allows you to invest small amounts at regular intervals, both of which you determine.  Hence, a SIP scheme is excellent for first-time investors.

It is easy to understand and does not necessitate huge investments. However, be mindful of a few things before investing. It clears your doubts effectively. They are:

  • Safet & reliable scheme

A SIP Mutual Fund is an entirely safe investment option. It is both controlled and managed by professional fund managers. You need not panic about any security threats. Your invested money is in safe hands. Also, the average high and low amount gets determined by your investment duration. This process is called Rupee Cost Averaging. It is a reliable method that helps you assess your returns.

  • Redeemable

You can discontinue your SIP Mutual Fund Investment anytime. Upon doing so, you are presented with two options. You can either redeem your invested money or keep it until you decide. This way, it offers flexible redeemability, unlike many other investment channels.

  • Tax-saving

If you invest in an Equity Linked Saving Scheme through SIP, you dodge tax deductions. In specific cases, you can claim tax deductions up to Rs. 1 lakh, as per section 80C of the Income Tax Act. For example, you started a SIP of Rs. 10,000 in April for the financial year 2019-2020. By March of 2020, you would have invested Rs. 1 lakh. Now, you are eligible for a tax benefit of Rs. 1 lakh for 20219-2020.

  • Deposit amount

You are permitted to change your SIP deposit amount any time you wish to. For example, you feel like you should increase the investment amount. In this case, you can use a SIP Calculator to compute the returns of this new amount. But it is essential to note that this is a slightly complicated process. It is advisable to start a new SIP instead.

  • Exit load

The exit load of such plans depends entirely on your Mutual Funds. If the funds specify an exit load, the same applies to your SIP.

While investing in a SIP is entirely safe and easy to do online through a fund portal or Mutual Fund app, remember the following points.

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