Nomination for Mutual Fund Unit Holders extended till 30th Sept 2023 Download Circular from this link
Nomination for Mutual Fund Unit Holders extended till 30th Sept 2023
Govt revises definition of Politically Exposed Persons (PEPs)
The government has made changes to the KYC norms by revising the definition of Politically Exposed Persons (PEPs) in a partial modification. The Ministry of Finance has broadened the scope of the […]
The removal of the long-term capital gains (LTCG) tax benefit will cause debt mutual funds to become less appealing.
India’s Finance Minister Nirmala Sitharaman has eliminated the tax advantage that debt mutual funds have over bank fixed deposits (FDs) starting next financial year. This change in the Finance Bill 2023 has […]
Urgent : Link your PAN with Aadhar
SEBI has urged mutual fund investors to link their Aadhaar and PAN by March 31, 2023, to avoid disruptions in all capital market transactions, including mutual fund transactions. According to SEBI, under […]
T+2 redemption payout in Equity Mutual Funds
Starting next month, mutual funds will deposit the redemption amount from equity schemes in investors’ bank accounts within three days of the transaction. The Association of Mutual Funds in India (Amfi) announced on Friday that the […]
What is Mutual Fund and SIP
Investing in mutual funds through the systematic investment plan (SIP) mode can be a smart and easy way to grow your money over time. Here’s why: First, SIP allows you to invest […]
The MF AUM has crossed Rs.40 lakh crore
The MF AUM has crossed Rs.40 lakh crore for the time to reach AUM of Rs.40.49 lakh crore in November 2022. Further, the SIP inflows and total folio count also remained at […]
Weekly Market Update: 2 Dec 2022
Sensex snaps 8-session rally, ends 416 points lower; Nifty below 18,700; Paytm jumps 8%, Adani Transmission tanks 3% Bears remained at the helm throughout the day as the benchmark index couldn’t pare […]
Month End Market Update: 30 Nov 2022
Sensex ends above 63K for the first time; Nifty tops 18,700 Indian shares have been driven by growing domestic equity fund inflows from a relatively young population keen to take risks. Twinned […]
Sensex extends gains to 6th session. Market Update: 29 Nov 2022
Stock Market Live Updates: Indian stocks logged record highs yet again on Tuesday, aided by an uptick in fast-moving consumer goods (FMCG) and metal stocks, tracking Asian peers that rebounded after China’s […]
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