AVFINPAL- Your Financial Pal

Lately with an increase in investor awareness programs, access to the apps that allow an easy of investing and all the information available on various platforms. The number of people entering or willing to explore more and more investing avenues is increasing with multifold year on year.  One of the most common and best available avenues for the new and no nothing investor are a mutual fund. The mutual fund industry has grown rapidly in the last decades due to its ease of access and various other benefits. Also, the "Mutual Fund Sahi Hai" campaign has boosted the interest of novice investors.  In this article, we will be know all about mutual what. How it works and what are its advantages and disadvantages? Wikipedia defines mutual fund as-  "A professionally managed investment fund that pools money from many investors to purchase securities. These investors may be retail or institutional in nature. Mutual funds have advantages and disadvantages c

Dalal Street which was bleeding red since past few months finally got some rejuvenation on Friday. The Finance minister Nirmala Sitharaman gave a sigh of relief to the corporates and retail investors from tax regime in the fourth round of a series of measures that the government has announced in the past few months. The tax relief which is addressed as the bonanza to domestic business and manufacturing firms makes the tax rate to be the lowest in Southeast Asia. In response to these tax relief, all the major indices registered a decade's highest upward movement in a day. BSE Sensex showed a really of over 2,200 points and Nifty showed a 5% growth to settle at 11,274. The mid-cap index rose to 6.5 % and small-cap showed an upward movement of 4%. Still wondering what made the market flooded?  In this article, we will be looking at the key takeaways from the changes made in the tax regime. 1. Reduction of basic corporate tax: The FM reduced the basic rate of the income