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. UPDATE: HDFC Prudence Fund is all set to merged and renamed to the new HDFC Balanced Advantage Fund …

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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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Budget Wishlist — What Retail Investors Want

As the country starts building up expectations from the last budget before the election year, as a platform dedicated towards helping the next 100Mn Indians discover structured wealth creation, we have a wish list for Arun Jaitley, the man of the hour. 1. 80(c) deduction on Debt — DLSS : While we have seen a lot of inflow into ELSS …

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PPF closed for NRIs: What to do now & how to withdraw?

Public Provident Fund (PPF) accounts held by Non-Resident Indians (NRI) stand closed according to a recent notification by the Government of India. The closure will come with effect from the day their status changes to Non-Resident. A similar amendment has been done to National Savings Scheme (NSC). It implies that such individuals will not earn …

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7 Most Read Blogs on Upwardly in 2017

Here’s what our readers loved the most on our blog in 2017! Why Did Real Estate Investments Work for My Parents and Why It Won’t for Me: This is a topic close to the heart of many of our readers. It looks at why investing in real estate worked for older generation and what are the …

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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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