Biased Club

    In our last post we introduced  Mutual Funds  and some of their details. In this post we will discuss more about mutual fund, like types of mutual funds and taxation on them. Major problem which retail investor face is choosing the fund. There are lots of options available. In this post we will try to explain different types of funds which are available in the market.     Mutual funds are pool of money collected from various investors. This pool of money is invested in various bonds, equities, securities and so on by fund managers of asset management companies. Mutual fund categorization is based on the type of investment made by this pool of money. This categorization helps user to identify the funds based on time and returns expectations. Mutual Fund Categorization     Mutual funds are classified in a variety of ways. These categorization depends on various factors like time of closure, asset class and so on. The first category of funds based on time of closure. Thes

    Mutual Funds, as its name suggests, are collection of funds which is used to invest in equity market for better returns. With decreasing interest rates on government bonds and conventional savings and increasing inflation, mutual funds are gaining interest. Many small investors are now interested in mutual funds as it gives them exposure to equity market and generate better returns. "A mutual fund is a professionally-managed investment scheme, usually run by an asset management company that brings together a group of people and invests their money in stocks, bonds and other securities."- The Economic Times      How it works      As common people does not have experience of directly investing in stocks and bond, the asset management companies takes money from investors and invest them in equities. In this way small investors get benefited from stock market without any knowledge. It also helps investors who does not have enough money to invest in certain equi

    Recently India has an agreement with Japan to develop bullet train infrastructure in India. This agreement has drawn lots of attention and opinions about the requirements of bullet trains in a country like India which has lot more basic problems such as poverty, education, healthcare and so on to take care. So the question which is there on most of the people's mind is : Does India really need bullet trains ? Our current Honorable Minister of Railways, Sri Piyush Goel has an answer of that which he has recently published in public domain. Here is what he has to say about these.     India is a rapidly developing economy with numerous developmental needs. A major component of India’s developmental plan is the upgradation of current rail networks as well as the development of new high speed rail corridors popularly known as bullet trains. The Mumbai – Ahmedabad High Speed Rail project, is a visionary project by the NDA Government which will herald a new era of safety, spe

“A system of social control under which the right to make laws and right to enforce them, is vested in a particular group in society; is called government.”                                                                                                                                                        A government is the system or group of people governing an organized community, often a state. In case of its broad associative definition, government normally consists of legislature, administration and judiciary. Government is a means by which state policies are enforced, as well as a mechanism for determining the policies. Government as an institution of the state may be defined as a machinery through which the will of state is formulated, expressed and attained. Although all types of organizations have governance, the word government is often used more specifically to refer to the approximately 200 independent national governments on earth. Scope of a government c

“Our sacred Motherland is a land of religion and philosophy - the birthplace of spiritual giants - the land of renunciation, where and where alone, from the most ancient to the most modern times, there has been the highest ideal of life open to man. ”                                                                                                                 “Swami Vivekananda” India, the second most populous nation which contains 17.5% of world’s population. “Indian” refers to nationality, but not ethnicity or language. Our nationality consists of many regional ethno-linguistic groups, reflecting the rich and complex history of India. Indian cultural aspects, religions, philosophy, arts and architecture have developed over several millennia and have spread through much of the world in peaceful manner. Nature has filled our state with beauty in its all life forms-be it landscapes, beaches, bays, forest or mountain ranges. Every year has 6 seasons and 3 weather types to mak

An 11 years old girl in Jharkhand’s Simdega district has died of starvation last fortnight; which reminds us that every 3.6 seconds someone dies of hunger. Usually it is a child under age of 5. There is enough food for everyone but not everyone has enough food, says the “Enough Food for Everyone If Campaign”. Isn’t it thought provoking? Hunger is defined as “a feeling of discomfort or weakness caused by lack of food, coupled with desire to eat”. In simpler words it is defined as lack of enough food for living. As per UNICEF data, although India and China are on track to meet income target at least but in a classical example of national disparities, some 221 million people in India and 142 million people in China are still chronically or acutely malnourished. More than half of undernourished people, 60% are found in Asia and the Pacific. 30% of the infants born in south Asia in 2003 were underweight, the highest percentage in the world. Most Sub-Saharan African countries

    Sahaj Bijli Har Ghar Yojna or Saubhagya is a newly launched scheme by PM Narendra Modi which aims for last mile power connectivity to willing household. This is yet another attempt to lift the living standard of poor people in India. This scheme aims to improve the environment, public health, education and connectivity. This is 16320-Crore scheme with a target of December 2018. Saubhagya is also one of the ambitious project of PM Modi and BJP which will target over 40 million people in mostly rural areas. Why Saubhagya is Launched     A village is declared to be electrified if at least 10% of house along with public places like schools, hospitals, panchayats have access to electricity. The Deen Dayal Upadhyay Gram Jyoti Yojana was launched in July 2015, which electrified more than 78% of 18000 villages. Even if the villages were declared electrified, large number of household still remaining without electricity access. "Saubhagya is aimed to electrify the househol

"Mr. Modi has built a vision of  a unified India and people may disagree on that, but I think that is what country needs at this point of time. He is able, capable and innovative enough to look at India afresh and I am optimistic that with his leadership, India will be that new India, which he has promised."                                                                                                                                                                                                                     "Ratan Tata" Mr. Tata is not the first one who has been smitten by charismatic personality of Modi ji but majority of people believe that he is one of the most influential personalities India has till today.  His vision has attracted powerful as well as 3rd world countries as an opportunity to capitalize Indian markets. Japan is one of the country from the same list. Although India and Japan have dialogue at summit level on annual basis but