VND Wealth Pvt Ltd

 ELSS MUTUAL FUND The ELSS (Equity-Linked Savings Scheme) of Mutual Funds is one of the best methods to generate wealth combined with tax benefits with the shortest lock-in period in India. The ELSS mutual fund is a tax-saving tool that enables you to save up to Rs. 46,800 annually and claim a tax credit of Rs. 1,50,000 each year under Section 80C of the Income Tax Act, 1961. SAVE TAX + BUILD WEALTH = ELSS Mode of investment in ELSS: SIP (Systematic Investment Plan) or Lumpsum? With a SIP, you can continue to contribute a little amount at regular intervals with the choice of investing weekly, monthly, quarterly, or biannually. SIP enables you to buy more units when the market is down and fewer units when the market is up, making it easier to profit from purchasing fund units during market cycles. When the market rises, SIP offers more financial gains upon redemption than the Lumpsum style of investment. Thus, investing in a lump sum is not advised to lower risk. Why recommend inves...

Humans frequently conflate wealth and income. According to our estimation, someone making Rs. 1 lakh per month is wealthier than someone making Rs. 40,000. Yet, it is challenging to draw conclusions so quickly because we haven't specified how much their monthly costs are, monthly spending, or savings are. What if the cost of living is Rs 90,000 for someone making Rs 1 lakh and Rs 20,000 for an arsonist making Rs 40,000? In that situation, the person with a lower income will save more money. Long-term wealth generation will be higher for the person who saves more.   WHAT MATTERS IS SAVINGS, NOT INCOME You can see that saving money is more important than making money in the long run. More income ultimately results in greater savings, although this isn't always the case. Your savings, not merely your high income, are what actually produce wealth. Hence, you are in an excellent position if you make a lot of money and save a lot of it each month. Nevertheless, if you are mak...

It is well known that Indians are obsessed with Gold. The amount of Gold in Indian households is unparalleled. Indian obsession with gold has only grown stronger over time. India accounts for the majority of world gold consumption. Despite the fact that a large number of Indians live on a meager income, they find methods to purchase gold and make it a vital part of their life, regardless of the rate of gold. Instead of viewing gold as an investment tool that we received from our parents or grandparents, Indians have a distinctive perspective on the precious metal. But over time, our perception of gold has evolved. Today, gold is viewed as an investment as well. It would be advantageous to diversify the portfolio using gold as an inflation hedge in a constantly shifting global economy. Certain events that reduce the value of stocks and bonds will cause the price of gold to increase. It helps to safeguard your cash from unfavorable stock market movements. You might invest for the lo...

  What are Debt Funds? Debt funds  are the pool of investments that are invested in highly rated fixed-income earning securities like central and state government bonds, treasury bills, and other money market instruments . It is to be noted that debt funds are investing into fixed income earning instruments and hence the risk is quite less. Debt funds are good for shorter investment horizons like 3 to 5 years. When the units purchased in a debt fund are sold within three years, then the income will be taxed considering short-term capital gains. Any sale of units of a debt fund held for more than 3 years is treated as long-term capital gains for tax purposes. Debt funds are managed by an experienced team of fund managers, hence the investment in debt funds is considered safe. Debt funds are highly liquid and one can get money back within a day’s time. There can be an incidence of exit load for the withdrawal of the amount within a stipulated time frame. W...