investonline

Investing your money can be an overwhelming idea, but it’s the only way to create wealth from your savings. And while the stock market, mutual funds and insurance companies provide various investment options, individuals with high net worth have a lot to gain from a more diversified portfolio — one that has unconventional investment as well. In conversation Finance Specialist Abhinav Angirish, the founder of Invest Online, shares top alternative investment options, their eligibility criteria and risks associated with each. 1. An alternative investment is a wide world of investments The world of investments is a broad one. There are various asset classes like bonds, real estate, precious metals, stocks, currencies. Even coins, stamps and paintings are considered investments. Even diamonds are considered as alternative investments. An alternative investment is a relatively loose term that signifies anything that helps to create and enhance wealth. Normally, alternative investments are th...

The lesser the tax one has to pay, the more disposable income one has. As we all know that March 31 is the end of the financial year, it is high time to make tax-saving investments to get more disposable income. However, in this last-minute rush, individuals can commit mistakes that could prove costly in the long term. Here are some of those mistakes which must be certainly avoided: Indulging in panic investing In the last-minute rush, many individuals indulge in panic investing or pool in more money in tax-saving investments than required. This causes nothing but a disruption in future financial goals. Here, Saurav Basu, head - wealth management at Tata Capital asks people to first carefully evaluate taxes already saved by them in the form of house rent, education loans, home loans, etc and then invest only the remaining amount. "Individuals can also use a reliable online calculator or seek counsel from a tax specialist that will help them in computing this total investment amoun...

Equity Linked Savings Scheme (ELSS) and Public Provident Fund (PPF) are both excellent tax-saving investments. PPF has been a favorite for conservative investors. However, if you are young and have a slightly higher risk tolerance, you can invest in ELSS. ELSS funds invest in equity markets and thus hold the potential to deliver higher returns. By investing in mutual funds you can indirectly participate in the capital markets and benefit from the growth in the economy.  The present rate of inflation is around 6% p.a. Hence it is important to generate returns that can not only beat the inflation but also help the capital to grow. Given the limitations of traditional investments in delivering higher returns, ELSS is fast becoming popular even among conservative investors. Over the long term, almost all funds have delivered better returns than what PPF currently returns. More than half the category has delivered 3, 5, 7, 10-year returns in double digits.  The lock-in period...