You can now hold your mutual fund units in a demat form, in the same way you hold your shares. The benefit of this is that it will enable you to get a single consolidated statement for your holding across shares and mutual funds. You can buy mutual funds through the stock exchange on either [...]
Most investors associate mutual funds with longterm investing, which is true for most cases. However, various fund schemes also provide lucrative short-term investment options. Some of these include liquid funds, ultra short-term funds and income funds, which invest in call money market and debt instruments, such as government securities, treasury bills, certificates of deposit, commercial [...]
HDFC Mutual Fund has announced the declaration of dividend on the face value of Rs. 10 per unit under dividend option under wholesale and retail plan of HDFC Quarterly Interval Fund – Plan C. The record date for dividend has been fixed as 8 August 2011. The quantum of dividend will be entire distributable surplus [...]
ICICI Prudential Mutual Fund has launched Visa debit card transactions facility for its investors. This feature will provide easy accessibility to investors by facilitating mutual fund purchase on their website through Visa debit cards, a company statement said. ICICI Prudential Mutual Fund plans to introduce Visa PoS (Point of sales) terminals in seven cities including [...]
Making investments that enables one to save on income tax is one of the commonest and yet one of the least well-planned investments. Most of us are happy that the tax-saving investment we make has saved tax. Whether it suitable as an investment or not is generally not thought about. Why does this happen? The [...]
Kotak Mutual Fund has approved the declaration of dividend under dividend option of Kotak Quarterly Interval Plan Series 8. The quantum of declaration will be 100 per cent of the distributable surplus as available under the plan(s) on the record date. The record date is June 8, 2011.
In our endeavor to constantly improve our services, we have launched a new website www.sbimf.com on May 3, 2011. The site will make it easy to track your portfolio and transact online any place, anytime. The primary facilities offered by SBI MF Online include: Get a single view of your portfolio across all your folios. [...]
Mutual Funds (MFs) made investments worth Rs 264.40 crore and sold off Rs 623.10 crore worth of equities on March 31, 2011, according to data released by the Securities and Exchange Board of India (SEBI). Thus, MFs stood as net sellers of Rs 358.70 crore in equities on that day. In the month of March, [...]
India’s first fund to offer systematic investment plan in gold, as low as Rs. 100 per month Reliance Mutual Fund, India’s largest fund house and part of Reliance Capital Limited, announced the launch of India’s first systematic investment plan (SIP) in gold through Reliance Gold Savings Fund. This is the first SIP in gold introduced [...]
Mutual funds the term refers to a professional management of individual stocks, funds, and other securities under marketing strategies that work on a collective marketing factor. The investments made by the individual depositors are collected into a mutual fund pool and are wholly invested into various securities instantly, while the depositors earn a participation in [...]
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