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