Save up to Rs. 46,800 in taxes and earn returns up to 15.11% (past 3Y)!

If you desire to earn high returns & save taxes under Section 80C, then MyWay Wealth has the right fund for your investment goal. Here is India’s #1 Ranked ELSS Fund for past 3Y returns.

“Mirae Asset Tax Saver Fund (Direct-Growth)”

★★★★★
Rated 5-star by Morningstar, CRISIL and Value Research

Return Capacity: High
Risk level: Average Risk
Category: Equity-ELSS (Open-ended)
Last 5 yr returns: 15.04% (as of September 26, 2019)
Min. SIP Amount: Rs. 500
Min. Lump-sum Amount: Rs. 5000

It is an equity-linked saving scheme with a 3 year lock-in period. By investing 72.52% is in large-cap stocks and just 25.76% in small & mid-cap stocks, this fund reduces risk due to equity exposure.

Mirae Asset Tax Saver Fund has yielded 15.04% CAGR (past 3Y), which is 6.71% more than the return of its benchmark – NIFTY 200 Total Return Index in the same 3Y duration (at 8.33%). Thus, generating long term capital appreciation from a diversified portfolio.

This fund provides a tax exemption of Rs.1.5 lakhs & tax-free returns on long term capital gains (LTCG) up to Rs. 1 lakh. Thus, it is a real winner when compared to other tax saving options such as EPF/ PPF (8%), Tax Saving FD (7-8%) and NPS (8%).

Toh der kis baat ki?

18% returns (past 5Y) in Mirae Asset Emerging Bluechip Fund. Invest Now!

Mirae Asset Emerging Bluechip Fund Direct-Growth

★★★★★ Rated 5-star by Morningstar, CRISIL and Value Research

Return Capacity: High
Risk level: Above Average Risk
Category: Equity: Large & Mid Cap (Open-Ended)
Last 5 yr returns: 18% (as of September 25, 2019)
Minimum SIP Amount: Rs. 1000

To boost total returns of your financial portfolios, we as SEBI Registered Investment Advisor suggest you take some risk by allocating at least 15-20% of the total portfolio in large & mid-cap funds. We recommend investing in Mirae Asset Emerging Bluechip Fund (ranked #1 in Large & Mid-cap category based on past 5Y Returns).

  • To reduce the risk that comes with equity exposure, the fund is well-diversified between small-/mid-/large-cap stocks (out of its 99.64% investment in Indian stocks – 52.41% is in large-cap stocks, 34.03% is in mid-cap stocks, 13.2% in small-cap stocks.)
  • Even though markets are down in past months (causing this fund’s benchmark, NIFTY Large Midcap 250 Total Return Index, to give 8.75% 5Y returns), Mirae Asset Emerging Bluechip Fund has yielded excellent returns of 18% (past 5Y CAGR), which is 9.25% more than the returns of its benchmark.
  • Fund manager’s insistence on a disciplined approach to investing, with a focus on quality up to a reasonable price along with diversification, has helped the fund in delivering consistently high returns with this fund when compared with other funds in the same category.
Maternity-insurance

What is Maternity Insurance?

Bringing a new life into the world is a big responsibility, be it a normal delivery or cesarean. The Maternity Health Insurance covers all pregnancy-related expenses from post-delivery care to vaccinations.
Some insurance service providers prefer to provide maternity benefit as an additional service and lowers the burden on your pocket. Some corporates offer their women employees the benefit of maternity insurance along with a health insurance policy. Also, in a majority of corporate group policies, maternity is a rider (add-on benefit) with a sub-limit of not exceeding Rs 50,000.

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senior citizen coverage

What is Senior Citizen Coverage?

Getting old makes you see life from a different perspective. Health is the first companion that starts deserting along with it your hard-earned savings. A Senior Citizen Health Insurance assists such times. There are various health insurance plans, specially designed for senior citizens.
Health insurance for senior citizens is offered by different insurance companies to provide you financial security by covering all your medical expenses. Gifting health insurance to your aged parents is the best way to care for their needs.

Why buy health insurance for senior citizens?

  • They are more prone to illness
  • You buy a plan to ensure that medical emergencies are taken care of in a systematic and hassle-free way.
  • Unexpected health issues and money crisis makes aged people feel guilty, and they think they are like a burden to a family.

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NPS

NPS – your perfect choice to save extra up to ₹15,480!

True freedom is when we have financial independence and security, isn’t it? We invest with the hope to achieve this goal. How about you invest in a government-backed scheme that not only secures your retirement but also gives you the right exposure to equity and helps you to save tax?
Yes, MyWay Wealth smartly puts all your investment needs in one box and presents to you…

National Pension Scheme

NPS is a government introduced retirement plan, regulated by the Pension Fund Regulatory and Development Authority (PFRDA). NPS has a perfect definition of diversification as it includes equity, bonds, and government securities in its scheme. This composition of NPS yields returns ~9% to 12% which is way higher than other pension options such as PPF (7.9%), APY (8%), SCSS (8.6%) and FDs (8.25%).

Not just that! Under section 80 CCD, NPS lets you save upto ₹15,480 in taxes (over and above savings under section 80C) if you invest ₹50000 in any financial year.

Let’s see a sample NPS portfolio for a 35-year-old who makes a monthly contribution of just ₹5000 in NPS until the age of 60 years. Assuming an interest rate of 10%, he would earn a total pension wealth of ₹65,96,366 with just a principal amount of ₹15 lakh. Thanks to the power of monthly compounding!!

Gold Prices Spiked ~19% (YTD) Buy 24K Digital Gold Now!

Did you know that the price of gold has risen nearly 8% so far this August and about 19% in 2019? Yet, we Indians still love gold. But is it wise to buy it in its physical form?
Let’s find out!!

  • 1gm of gold today costs Rs. 4000. But the price turns out to be high when you buy physical gold as it includes making charges and taxes.
  • Purchase of physical gold causes you to worry about its safety and maintenance. Leaving the gold at home can raise the concern of theft, whereas placing it at banks can cost storage charges.
  • Liquidity can be an issue — there’s no guarantee that you will get the complete resale value on your gold.

Is there a better alternative to physical gold?
MyWay Wealth has just the right solution. Buy gold for as low as Rs.1000 !!! Presenting…

24 karat Digital Gold with 99.5% Purity!

Digital Gold gives you the freedom to buy gold at an affordable live price quoted. Also combines the benefit of safety by offering BRINK’s – secure locker with 100% insurance cover. Not just that; You can sell any amount of gold above just Rs.1 and get the amount credited to your bank account within 3 days or get it delivered at your doorstep in the form of gold bars & coins.

You don’t want to miss this opportunity!

What is Family Floater Coverage?

Family floater

A family floater is a health insurance plan that stretches out the insurance for the whole family rather than just a person. A family floater plan brings everyone in the family under an umbrella. Being secured under a single cover, each member of the family gets benefits under a bigger pool.

Which cover to buy? Individual or Family cover

Every insurance company offers these two covers in its health insurance products, and there are pros and cons in both of these covers. Let us compare the benefits and drawbacks of these covers so that you can take a better and wise decision regarding your purchase of a health insurance policy.

There are two types of family floater policies:

  1. Medical Insurance: This plan reimburses the cost of hospitalization (cashless treatment); it also provides a list of specific illnesses which are covered.
  2. Critical Illness: In case of diagnosis of a critical illness, this type of family floater policy pays out a lump sum amount to the policyholder.

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top funds

Wondering where to invest? Top 3 funds in 2019 with >18% past returns

“Return Kitna Milega?”

How much returns will I get? Is this the first question that you ask your relationship manager at a bank or your financial advisor? Are you postponing your mutual fund investments due to lack of a ready-made list of highest return yielding funds? If so, you have arrived at the right place.

MyWay Wealth’s research methodology is powered by proprietary scientific-financial models & historical market data while ensuring an excellent track record not just in past 3-5 years but also in both bull & bear markets. These are the top 3 mutual funds (for three different risk appetites: high, medium, low) based on past performance, that yield more than 18% returns:

Fund name & ReturnsIdeal audience
SBI Small Cap Fund (Gr/Dir)
★★★★★

+18.95% (Past 5Y Returns)
Small-cap fund for investors who expect more returns at a higher risk.

Recommended investment duration: minimum 5 years.
Mirae Asset Emerging Bluechip Fund (Gr/Dir)
★★★★★

+18.32% (Past 5Y Returns)
Multi-cap fund (invests in small+mid+large cap companies) for investors with moderate risk appetite.

Recommended investment duration: minimum 3-5 years.
IDFC Government Securities Fund-Constant Maturity (Gr/Dir)
★★★★★

+21.55% (Past 1Y Returns)
Gilt (debt) fund for investors with low risk appetite.

Recommended investment duration: minimum 1 year.

As an example, if you started a SIP of just Rs. 5000 in any of these 3 recommended funds 5 years ago, then today your corpus would be worth Rs. 4.88 lakhs (for a total SIP deposit of just Rs. 3 lakhs). That’s Rs. 1.88 lakhs in returns in 5 years!

unsecured loan

Remember these points before you apply for an unsecured loan

A number of people have taken loans to finance the major events of our lives. One must have Several people take loans to finance the significant events of their lives. One must have taken a loan for buying a car/ house/daughter’s marriage or paying for a medical emergency. We all know this thing that taking a loan helps us to circumvent our lack of large sums of liquid cash. Sometimes there are circumstances when we are not able to repay our loan EMI on time. The inability to repay a loan can lead to the unaccepted relationship between the borrower and the lender. Such a situation needs active management.
Don’t miss out on these reminders when you apply for a loan.

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Direct vs Regular

Earn upto 1.5% more returns with Direct Plans, find out how!

Do you search for online restaurants that offer home delivery at zero charges? Even Direct Plans of Mutual Funds charge 0% commissions.

Every mutual fund has 2 variants: Direct and Regular Plans:

  • In Regular Plans, mutual fund intermediaries charge 0.5-1.5% as commissions or distribution fee.
  • On the other hand, Direct Plans eliminates the brokers/intermediaries and thus charge zero commissions. Instead, this is reflected back in your portfolio in the form of 0.5-1.5% additional returns.

Let’s have a look at the returns from a one-time lump sum investment of Rs. 2 lakhs in Direct and Regular plans for 20 years:

Direct vs Regular example

Assuming a Regular plan of a specific mutual fund with ~15% returns, we will get upto 9.6 lakhs extra returns in the Direct Plans of the same fund (thanks to additional 0.5-1.5% returns combined with compounding effects in the long-term).

Start your investment journey with “Build Wealth”:

“Build Wealth” feature on MyWay Wealth is powered by proprietary Smart Recommendation Engine (backed by robust research methodology, scientific-financial models & historical market data). This engine recommends funds specifically for your personal financial goals and risk appetite while ensuring that the recommended funds have an excellent track record (for past 3-5 years as well as in both bull & bear markets).

Check out the funds recommended by Smart Recommendation Engine:

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