Category: News
Yes, from 1st April 2010, you’ll earn more money for every rupee that you deposit in your bank account. Though the interest rate of 3.5% p.a. on your bank balance remains the same, what has changed is the method of calculating the interest. Let me explain. read more..
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..
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..
