A mutual fund is a collection of stocks, bonds and other such investment funds owned by a group of investors that are managed by professional money managers. It depends upon the mutual fund’s investment objective as to what type of securities it would buy. A mutual fund in India focuses on specific types of investments.
If you are a beginner and just beginning to start on mutual funds, here is what you need to know about mutual fund schemes. They have become one of the most popular with individual investors because of the benefits they provide. Some important factors that drive investors to mutual funds are as follows You can
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
Capital gains are the profits / losses that arise when you sell a capital asset. That includes equities, bonds, property, gold etc. Each asset has a different definition of long term and short term capital gains. For example, in case of equity the definition is 1 year, for property it is 2 years and for
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
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
In the last one year, there have been some key changes in mutual fund regulation. These were on the anvil for a long time and the regulator has finally moved into auctioning these announcements. Here are four such measures that have been announced in the last 1 year to further ensure transparency and protect the
Save Tax by Planned Investments Every individual citizen who earns a salary or even is a non-salaried entrepreneur, he/she is liable to tax. There is never a season to plan on saving tax by investing right and tax planning right at the end of the financial year. It is always wise to know and prepare