You know that ‘Highest NAV Guarantee’ plans give you the guarantee of highest NAV but what you don’t know is that they don’t guarantee the highest returns. Confused? let me explain. read more..
Archive for March, 2010
SEBI has reduced the New Fund Offer(NFO) period from existing 30-45 days to 15 days. It has also allowed the use of Application Supported by Blocked Amount(ASBA) facility while applying to new fund offers. read more..
It has long been a common belief amongst the investing community that for the same life insurance cover, Mutual Fund + Term Plan combination gives a better return than an Unit Linked Insurance Plan (ULIP). While this was true till recently, the change in charge structure and the subsequent abolition of service tax on charges in ULIP have tilted the scale in favour of ULIP. read more..
Know exactly what you need to pay as tax when you invest in Mutual Funds. Click here to view updated tax rules for mutual funds as per the provisions of Finance Bill 2010. The document gives details of tax related to short term gains, long term gains, dividend income, dividend distribution, tds, etc on Mutual Funds for resident individuals, firms, HUF, NRI, etc. read more..
