G BAJPAI & ASSOCIATES

Ever wondered how much time will it take for your investment to double at a specified rate of return? Forget complex mathematical formulas, you can calculate it in 2 simple steps using -              "THE RULE OF 70" Let's understand how- • The Rule Of 70 - what it is? - The rule of 70 is a simple mathematical formula that can be used to approximate how long it takes for an investment to double in value, given a specified rate of return. - Investors typically use the rule of 70 to compare investments with different annual interest rates.  This makes it simple for investors to figure out how long it may be before they see similar returns on their money from each of the investments. • The Rule of 70 - How to calculate? - Obtain the annual rate of return or growth rate on the investment  - Divide 70 by the annual rate of growth or yield. • The Rule Of 70 - Examples: - At a 3% growth rate, it’ll take 23.3 years for an investment to double because 70/3=23.33 years. - At a 5% g

In the last few years, mutual funds have become one of the most sought-after investment options in India. Apart from residents, Indian mutual funds have also become popular among many NRIs. •NRIs can invest in Indian Mutual Funds. However, an NRI cannot invest with a regular savings account in a bank.  -NRIs cannot invest in foreign currency as well; they have to invest in Indian Rupees. •How to invest?  -For an NRI to make investments in mutual funds in India, the person needs to open an NRE (Non-Resident External) account or an NRO (Non-Resident Ordinary) account, or an FCNR (Foreign Currency Non-Resident) account. -Once the account is open, the person can start investing with any of the following two methods:  1. Directly through normal banking channels, or  2. Via Power of Attorney authorized to a resident Indian. •How to Redeem? -Different Asset Management Companies in India follow different procedures for the redemption of Mutual Funds by NRIs. You have to follow the process ment

What are Mutual Funds A Mutual Fund is a pool of money managed by a professional fund manager. It is a trust that collects money from a number of investors and invests the same in equities, bonds, and other securities. The income generated from this collective investment is distributed proportionately among the investors after the deduction of applicable expenses. Types of Mutual Funds Equity Funds- Equity funds are those mutual funds whose portfolio’s equity exposure exceeds 65%.  Debt Funds- Debt funds are those mutual funds whose portfolio’s debt exposure is in excess of 65%. Hybrid Funds- Hybrid mutual funds are types of mutual funds that invest in more than one asset class. Most often, they are a combination of Equity and Debt assets, and sometimes they also include Gold or even Real estate. Earnings from Mutual Funds Returns are in two forms: Dividends and Capital Gains. Dividends received by investors are added to their taxable income and taxed at their respective income tax sla