Equity-Linked Saving Scheme (ELSS) is a type of mutual fund that is eligible for tax deductions under Section 80C of the Income Tax Act in India. These funds invest primarily in equity shares of companies, and have a lock-in period of 3 years. This means that an investor cannot withdraw their investment before the completionContinue reading “Equity linked savings scheme under section 80c of the income tax act.”
Tag Archives: #personalgrowth
Understanding communism and capitalism…
Communism says “FROM EACH ACCORDING TO HIS ABILITY, TO EACH ACCORDING TO HIS NEEDS” where as capitalism believes “FROM EACH ACCORDING TO HIS ABILITY, TO EACH ACCORDING TO HIS CAPITAL”. Capitalism believes MONEY MAKES MONEY. An employee works in a company for a monthly salary and the profit earned by the company will be distributedContinue reading “Understanding communism and capitalism…”
Understanding FNO…
I will answer it in simple words.. NIFTY JUL 9700 CE : Once you see this, you won’t understand at first.but it’s simple. Assume nifty index spot price (current price) is 9500 and you think that price will reach above 9700 before jul expiry(it is the last Thursday of every month). You can buy aboveContinue reading “Understanding FNO…”
MIND GAME
Our minds are attuned to calculate simple interest,however, investments and relationships both work on the principle of compounding. 15% return for 30 years is not 450% but 6500% (65 times).Our mind is designed for linear processing and not exponential processing.
Personal Growth
It’s 2:30 am and I wake up with these words ringing in my head: “If you truly want for freedom, you must be willing to kill the thing that binds you.” The words ring clear. And loud. And true. I’m wide awake now. I turn on the lamp that sits on my bedside table andContinue reading “Personal Growth”
