Mirae Asset Mutual Funds was established in 1997 in Asia. It is a mutual fund division of the South Korean company – Mirae Asset Financial Group. It has the global capacity to offer competitive services to investors all around the globe. It has been registered across 5 continents and in over 12 countries.
Mirae Asset aims to deliver fiscal strategies that are insightful and help the investors through their varying products. It has been catering to the Indian market since 2007 and over the last 3 years, it has gained stability in the significant growth of its Assets under management (AUM).
A few key features of Mirae Asset mutual funds are as follows:
- It provides stability in its performance to all investors.
- It has seen the fastest growth in the market in accordance to investor base.
Mutual Funds Offered by Mirae Asset Mutual Fund
Mirae Asset Mutual Fund provides 8 different types of mutual funds in different classes including fixed income funds, equity funds and thematic funds. Let’s look at the 3 categories of the Mirae Asset mutual fund schemes:
- Fixed Income Funds- These funds provide fixed income through low risk investments made under debt vehicles. These fixed income funds are offered with both mid-term and short-term options. Therefore, these mutual funds prove to be excellent investment options if you wish to get returns from surplus money sitting idly in your accounts. This scheme provides immense potential in making your investments grow.
Funds offered under fixed income mutual funds include Mirae Asset Short-Term Bond Fund, Mirae Asset Ultra Short-Term Bond Fund, and Mirae Asset Cash Management Fund.
- Equity Funds-These Mirae Asset mutual fund schemes make an investment in the equity market or the stock market. Since these markets are very dynamic, they can offer many opportunities to get high interest rates. However, since the volatility of the market is very dynamic, these funds are classified on the basis of the risk they pose, i.e., low or high.
Mirae Asset currently offers two equity products including Mirae Asset India Opportunities Fund and Asset Emerging Bluechip Fund. These two Mirae Asset mutual fund schemes are well connected to the equity vehicles and are novelty products.
- Thematic Funds- These funds are targeted as China-specific funds or emerging market funds. They generally include equity vehicles where money is invested in open-ended funds. These funds belong to a specific market segment.
Mirae Asset provides three kinds of thematic funds.
- The Mirae Asset India-China Consumption Fund is offered for the consumption-oriented growth of the said countries.
- The Mirae Asset China Advantage Fund is for making investments into firms and companies that are local to China.
- The Mirae Asset Global Commodity Stock Fund is provided for making investments in equity funds of companies which are involved with the commodities in emerging markets.
Mirae Asset SIP Benefits
Mirae Asset SIP provides many benefits to the investors which are as follows:
- It enables investors to invest a fixed amount, decided by them, at regular intervals. This helps in bringing down the average cost of their units.
- It helps in generating sizable wealth. This is because regularly investing for a long time period accumulates a large corpus through compounding effect.
- SIP helps in meeting the investors’ financial growth. Through the fixed amount of money being invested regularly, the investors get huge returns, enabling them to achieve any long term financial goal that they have.
- It is also very convenient to get as investors need only a single ECS to start their SIP.
5 most underrated cryptocurrencies
Cryptocurrency and crypto tools like a wallet, crypto tracker are becoming increasingly popular. Yet, there are still highly underrated coins.
Let’s discuss 5 of them!
1. Nano (NANO)
Nano is a project launched in 2015 which operated by the block-lattice technology. This architecture is unique to Nano and is an acrylic graph. The block-lattice consists of individual chains, account chains, that can be accessed and modified only by the owner.
Nano has been a highly successful project and its crypto coin NANO ranks #58 on CoinMarketCap.com with a market cap of $134 million. The current value of NANO is $1.01, however, it reached its all-time high of $37.62 in January last year.
The project has many advantageous qualities. The transactions on the network are instantaneous and free. Because of its unique architecture, the coin is scalable and also consumes much less energy than Bitcoin or any other crypto coin operating on the blockchain.
Zcash was founded in October 2016 with a mission to make cryptocurrency more private for users. After its launch, the ZEC cryptocurrency gained immense popularity and reached almost $6000.
Zcash is among the most secure crypto coins on the market. It provides users the opportunity to prove transactions for inspection purposes. It is the user’s choice to disclose the transactions.
Another good thing about the currency is its supply. With a total supply of nearly 7 million, the price of Zcash rises quickly and is a great potential investment. The ZEC coin has a market cap of almost $555 million ranking 24th. Its current price is $79.41.
3. Stellar Lumens
Stellar is a decentralized ledger for financial transactions. It was established in 2014 by the co-founder of Ripple and MtGox, Jed McCaleb. The network is also a smart contracts platform and its primary use is international transactions.
Stellar Lumens (XLM) is the native crypto coin of the Stellar network and is currently among the TOP 10 crypto coins. XLM hit its all-time high of $0.938 in January 2018. The crypto coin is now traded at $0.085 and has a market cap of $1.67 billion.
The Stellar network is backed by many established corporations around the world. It is also, in contrast to Ripple, highly decentralized. Compared to Bitcoin or Ether the transactions are also fast and cheap.
NEO was developed in 2014 to establish a smart economy, which integrates crypto coins and smart contracts. The ecosystem can be employed to create both decentralized applications and ICOs.
The NEO network applies the blockchain technology and digital identity as a way to digitize assets. The platform has numerous great projects and partnerships.
The NEO cryptocurrency has a market cap of $846.5 million ranking #17. The coin is trading at $12 and has a volume of $404 million. The all-time high for NEO was $196.85 reached after the Bitcoin bull run in late 2017.
ICON is a blockchain-based network that enables separate blockchains to cooperate. The ICON project is looking to reevaluate the definition of communities and establish an era of decentralization.
ICON has partnered with both corporations and the South Korean government. It is a blockchain-as-a-service platform which means that it makes easier for different establishments to make their blockchain without any hassles.
ICX, the project’s native token, ranks #40 with a market cap of $193 million. Its current price is $0.394 and, at its pinnacle, it was $12.64.
Even though these coins don’t get the attention that they deserve, the crypto market is still growing in popularity. If you want to join this market and become a successful investor, take a look at this cryptocurrency tracker guide.
Why use an Online Accounting Software
When it comes to running a business in 2019, one of the biggest problems you can have is dealing with your books. Accountancy is not something that many of us enjoy, but it’s something that has to be done. If you are like many other business owners and want to make your life a bit easier, then you should absolutely invest in some online accounting software. How, though, do you go about making use of an online accounting software package that suits your needs?
Online accounting makes it easier to avoid mistakes
The first reason why this is an investment you should make is that you can spend more time doing what you want to do. Why? Because online accounting software more or less removes the chance of mistakes being made. That can lead to you having more time to do what you want to do, instead of spending so much time doing what you don’t want.
If you are serious about making your life a bit easier when running a business, online accounting software makes that possible.
You can get better value for money
The other bonus is that running your accounts through an online software platform will allow you to get some fast answers on what kind of deductions you should be making. With everything stored online, it’s much easier to get advice and to make sure that you can easily access all of your content. This leads to faster solutions, making sure that you can make the most of your money.
Get access whenever you need it
Part of the bonus of using a software package like this, though, is that you can spend more time getting the access that you need, when you need it. This helps to save you valuable time and money trying to get the access that you need to your accounting documents.
Now, trips to your accountant or business assistant will be much easier, as you can easily access all of these vital details.
Remove the stress of filing
Another bonus of using online accountancy tools is that you can make the normal arduous process of filing a bit easier to work through. Now, you will be able to easily upload all of the needed documentation to HMRC when the time comes, saving you valuable time and money. Instead of struggling to upload documents, this takes out much of the work involved in getting it all online in the first place.
Get the help that you need it
Trying to file your books at home means that you are often reliant on your own knowledge of the tax process: that might be more of a risk than it is really worth taking on. If you want to avoid such an issue, then we recommend that you look to get the help that you need as soon as is possible with the help of our online software, complete with a support platform that can give you help with anything you are not sure about.
Can you see why this makes the normally arduous tax filing process a bit easier?
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