New names of mutual fund schemes

SEBI had, in October 2017, issued guidelines defining mutual fund categories. The circular can be read here. In response to this circular, AMCs are fitting their schemes into these defined categories. This exercise has led to name changes, category changes or changes in other fundamental attributes of schemes. The list of funds undergoing such changes …

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SEBI Introduces New Mutual Fund categorization

Why is SEBI insisting on a name change? SEBI wants to make it easy for a customer to choose a mutual fund according to his needs and ability. According to the regulator, AMCs use these names as marketing tools to attract customers and many of the new buyers may not fully understand the scheme. So …

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Impact of Budget on Monthly Dividend from HDFC Prudence Mutual Fund

Are you a fan of the well marketed 1% tax-free monthly dividend from HDFC Prudence fund — Dividend payout option? The Union Budget 2018 proposes a 10% tax on such dividends which may require you to look at your investment strategy. What has changed? The Union Budget 2018 proposes to introduce a 10% tax on long-term capital gains (LTCG) …

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New Product Launch — Bandhan SWP by SBI Mutual Fund

SBI Mutual Fund on Thursday announced the introduction of ‘Bandhan SWP (Systematic Withdrawal Plan) to send monthly cash flows from individual’s mutual fund investments to their immediate family members. ‘Bandhan SWP’ is tax-efficient solution as any fund transfer to immediate family members is considered as a gift under the law and does not attract any …

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2018 Outlook — The Year ahead for You

The Markets are never devoid of action. The New Year has been no different so far. While the Indian market grapples with the news coming in from Global Markets and the Finance Budget, let’s quickly take a look at what has happened so far and what lies ahead for investors. Equity Markets Outlook Equity Markets …

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Why are Mutual Funds becoming so Popular?

Seeing too many advertisements promoting Mutual Funds? Well, there’s a reason.. Let’s start off with the context of the Mutual fund industry with some interesting numbers! 100 Lakh Crores The amount in FD’s/Savings accounts 40–45 Lakhs Crores The amount in Insurance Linked Products Cumulatively it’s about 2.31 Trillion USD while the size of the Indian …

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