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While laying the foundation of the Magic Investment we dream of setting up a truly honest client oriented practice. We wanted our clients to "Celebrate Life with Magic Investment" as we were driven by the passion of touching their lives and not just managing their wealth. And we knew that this would happen only if we were able to disengage our clients from the arduous task of managing their wealth
06/09/2022
SIP is one of the best forms of disciplined investment, which should be done consistently over a period of time. An investor may diversify their portfolio by starting a SIP in two or more funds. Investments in certain funds are eligible for deduction from taxable income under Section 80C of the Income Tax Act.
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06/09/2022
Successful investing is about managing risk not avoiding it.
06/09/2022
Save this post for later👆Six things to check before investing in a mutual fund!!
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06/09/2022
How Mutual Funds are taxed?
We'll look at how equity mutual funds are taxed in this post.
When you sell any investment, including mutual funds, the profit that you make is called a capital gain.
So, if you invested Rs 1 lakh in an equity mutual fund and sold it for Rs 1.5 lakhs, the capital gain is Rs 50,000
Long-term capital gains (LTCG) and short-term capital gains (STCG) are the two forms of capital gains under current Mutual Fund taxation rules
If your capital gains exceed 1 lakh in a financial year and you've held for more than 12 months, you'll have to pay 10% tax under LTCG
Date of Investment: 1st Jan 2020
Investment amount: Rs 50,000
Date of Withdrawal: 1st Apr 2021
Withdrawal Value: Rs 1.75 lakhs
Capital Gains: Rs 1.25 lakhs
Taxes (10% @25,000): Rs 2500
Under STCG, you have to pay 15% tax on the capital gains if you sell your investment in equity mutual funds within 12 months
Date of Investment: 1st Jan 2020
Investment amount: Rs 50,000
Date of Withdrawal: 1st Dec 2020
Withdrawal Value: Rs 80,000
Capital Gains: Rs 30,000
Taxes (15% 30,000): Rs 4500
08/05/2020
Do you know the smart way to manage your Mutual Fund investments? Find out how?
06/05/2020
SIPs allow you to invest small sums at regular intervals to buy mutual fund units. This helps inject discipline into your investment habits.
02/05/2020
SIP top-up is a facility that enhances the flexibility for the investor to invest a higher or surplus amount during the tenure of the SIP.
28/04/2020
A Systematic Investment Plan is an option offered by the Mutual Funds to the investors, for investing a fixed amount periodically, such as monthly or quarterly.