Posts tagged ‘Fund’

One of the most important and sometimes overlooked strategies to maximize giving at your benefit auction is to include a “Fund-A-Need” program. Charities around the world have been utilizing this method to energize their auctions and inspire their guests, increasing their revenues dramatically. This program should address a specific need of your organization and directly involve the donors in your cause, making them feel a greater commitment to your organization. If done correctly, you will never regret it.

So why should you utilize a “Fund A Need” program? Shouldn’t the auction be sufficient to draw in the donations that will be available? One of the reasons is that there will always be “losing” bidders at your auction. These guests came and attempted to give their money to your organization but the potential donation is still in their pocket. Occasionally, there will also be guests who are not fond of the competition of an auction or are not interested in the items for sale. They are also there to give, but need another means to do it. The direct appeal for a specific need allows every type of giver to become involved. It does not limit participation to those at certain levels of giving. Surprisingly, more money is often raised during the “Fund-A-Need” program than throughout the auction itself. Just as important, it inspires the guests at your event and makes them more aware of your organization’s needs.

Continue reading ‘Benefit Auctions – Why You Should Include a Fund-A-Need Program’ »

Are you planning to invest in mutual funds? Do you want to know about reliance mutual funds? Would Reliance schemes prove beneficial to you? If all these questions are hovering in your mind that are preventing you from investing in any of the mutual funds, then, this article may prove useful to you. Reliance schemes are the most convenient and reliable mode in which one can invest its hard earned money. The company invests the money invested in these funds into equity market or fixed income securities so that the investor is able top make some income out of them.

One can purchase these schemes by enclosing a demand draft or a cheque payable at the branch of the place where application is to be submitted. Reliance provides its investors with various plans and schemes meeting the budget and requirements if all its investors. Closing net asset value is calculated till the day when application is received provided that the application is received before 3 pm. If the application is received after 3 pm, the next business day would be applicable.

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A tax free money market fund is a great way to balance your portfolio especially if it is equity heavy. In this current economic scenario, there is a lot of uncertainty. Therefore, it makes sense to park some money in debt funds like government securities and money market funds.

A money market fund is usually a mutual fund which invests its assets in short term debt instruments like cash or cash equivalent securities. These funds are usually used as short term investments until the time you have found a suitable option to invest your money. This is particularly good option in recent times when the investors are waiting for the markets to bounce back. Once the Bull Run starts, investors can take out this money from money market funds and invest them in equity funds or other high yielding avenues.

There are various types of such instruments like Certificate of deposits, commercial paper, U.S. Treasuries, repurchase agreement etc. These funds come in two varieties which are taxable funds and tax free funds. As the name suggests, the taxable funds are taxed during maturity while the tax free money market funds are exempted from tax.

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There are many types of mutual fund available in the market. Broadly, they can be divided into Equity Funds, Debt Funds and Balanced Funds.
Equity Funds
These funds invest a major part of their portfolio in stocks or equity-related instruments. Equity mutual funds are ideal for investors who want to invest in the stock market. Some of the types of equity funds available in Indian mutual fund market are:
Diversified Equity Funds: Diversified equity funds invest in stocks of different companies across sectors.
Equity Linked Savings Scheme (ELSS): Equity Linked Savings Scheme or Tax-saving funds as they are more popularly known, invest in stocks and equity related instruments and have a lock-in period of three years. These funds offer tax benefit under Sec 80 C of Income Tax Act.
Index Funds: Index funds invest in same stocks and in similar proportion to base index. Performance of index funds is more or less similar to that of underlying index.
Sectoral Funds: These funds invest in a particular sector or industry of the market according to the investment objective of the fund.
Debt Funds
Debt funds are mutual funds which invest in debt papers issued by government, private companies, banks and financial institutions. These funds are ideal for investors who seek fixed income. Types of Debt funds available in Indian market are Gilt Funds, Income Funds, Monthly Income Plans, Short Term Plans and Liquid Funds.
Balanced Funds
Balanced Funds invest in equity and debt market. These funds are ideal for investors who want safety of income with capital appreciation over a long-term.

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