Good news for IOS users! INFINI MF APP is now extended to IOS users as well. Apple users can invest in direct mutual funds through INFINI MF APP and save on distributors cost. All the features available in android version are also in place in IOS version. Some highlights of INFINI MF APP Navigation is
ICRA had downgraded some of the debt funds of HDFC, Birla and UTI due to their large exposure to a subsidiary of IL&FS. The problem was quite unique. The IL&FS subsidiary was not exactly a cash-crunched company but had enough cash flows in its books. However, it sought protection in the blanket immunity given to
When it comes to tax saving, the natural choice for a long time was LIC and PPF. No longer! Today ELSS schemes of mutual funds have emerged as an important method of saving tax under Section 80C of the Income Tax Act. But what exactly is an ELSS? An Equity Linked Saving Scheme (ELSS) is
Non resident Indians (NRIs) have tax benefit that are largely similar to resident Indians and the following exemptions are available on specific investments. Most of the benefits of Section 80C and others like Section 80D and Section 80G are also available to NRIs just like resident Indians. NRIs are required to pay taxes on income
In line with the growth in the mutual fund industry that is witnessing transformation day-by-day, we at Tradeplus launched full version of mobile app for android users https://cutt.ly/infinimf with comprehensive features for easy and quick investment. The app is user-friendly and with the app in your mobile, you take complete control of your Mutual Fund Investment
When you select an equity or debt fund to invest in, there is also a choice between growth and dividend plans. There is also the dividend reinvestment plan but that is not too popular. The choice is normally between a growth plan and a dividend plan. For example, if a fund has a NAV of
As an investor in mutual funds, you have a wide array to choose from. For example, there are large cap diversified funds, there are multi cap funds, there are mid cap funds and small cap funds. While the cut offs for large cap, mid cap and small cap are clearly defined by SEBI in its
In the last Board meeting of the Securities and Exchange Board of India (SEBI), the concept of Side-pocketing was permitted for the first time. What exactly is side pocketing and how does it help mutual fund. Typically, debt funds hold an array of debt securities in their portfolio which include government debt, state government paper,
Equity linked savings schemes (ELSS) are equity funds with a 3 year lock in which also give you benefit under Section 80C of the Income Tax Act. There is an outer limit of Rs.1.50 lakhs on Section 80C of which ELSS funds are one of the items of investment. The beauty of the ELSS is
Yet another default threat from IL&FS group prompted ICRA to downgrade the 6 mutual fund schemes from 3 different mutual fund houses. ICRA assigned a rating “watch with negative implications” for 2 schemes from HDFC Mutual Fund, 3 from UTI Mutual Fund and 1 scheme from Aditya Birla Sun Life Mutual Fund. These funds have
