Best opportunity to make money in mutual fund SIP due to reduced corporate tax, can start from Rs 500
Experts say that those who invest in Mutual Funds Scheme will also get the benefit. By taking advantage of this opportunity, investors can invest in Mutual Funds Scheme through SIP.
- Last Updated:
September 20, 2019, 8:28 PM IST
- Edited by: Puja menon
Why did the stock market boom? The Finance Minister will reduce the government's revenue by Rs 1.45 lakh crore due to corporate tax cuts and other relief measures. To put it another way, the government has given the economy a whopping $ 20 billion. The Finance Minister has reduced the corporate tax from 30 percent to 22 percent. After this announcement, the stock market has recorded the biggest gain of one day. The BSE Sensex jumped over 2,200 points.
what will happen now-It will have a big impact on those who invest in mutual funds. Experts say that the tax burden on companies will increase their profits. Its effect will be seen on the shares of companies. So, once the boom comes, you have invested in the Mutual Fund scheme. There, you will get more returns (profits).Start at Rs 500-It is not necessary that you invest a large amount in mutual funds. You can start investing in mutual funds with 500 rupees and later increase the investment. You can invest in mutual funds in two ways. Lump Sum and SIP Investment. Lump sum means that you can invest a large amount of money in a mutual fund at one time. At the same time, through SIP, you can invest a fixed amount in a mutual fund of your choice every month for a long time. With this, you can invest big amount by little bit in the long term.
You can withdraw money anytime –One of the biggest reasons for the popularity of mutual funds to grow rapidly as an investment option is that you can invest in it anytime and withdraw your money anytime. On the other hand, if you deposit money in a fixed deposit, then you have to pay a charge if you withdraw money before time.
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First published: September 20, 2019, 7:14 PM IST