It is important to start investing because after a particular age, for some reason or the other, you will not be able to get the cash flow from your salary.
It is true that mutual funds, particularly equity funds, fluctuate with market trends and can consequently be very risky. However, data from equity funds over the long term indicates that the risks are evenly distributed over the long run.
Several major changes in banking and other sectors which will come into effect from next month are likely to affect the daily lives of people big way. Reports suggest that changes will be implemented in the Pension Rule, bank cheque books, investments rules and more.
Mumbai: The Reserve Bank of India on Monday announced a Rs 50,000 crore special liquidity facility for mutual fund, days after Franklin Templeton Mutual Fund decided to close six debt schemes. In a statement, the central bank said heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), […]
Mumbai/New Delhi: The ED today said it has frozen mutual funds and shares worth Rs 94.52 crore of the Nirav Modi and Mehul Choksi groups in connection with a money laundering probe against them in the Rs 11,400-crore alleged fraud at the Punjab National Bank (PNB). It also seized nine high-end luxury cars of Modi […]
Kolkata: The mutual funds industry does not see any reduction in the inflows of funds after the proposal of long term capital gains tax (LTCG) and dividend distribution tax (DDT), an industry official said here on Tuesday. The industry also expects there would be no level playing field between mutual funds and unit linked insurance […]
New Delhi: Post demonetisation, there has been a visible channelising of money towards financial assets like insurance and mutual funds, Reserve Bank of India (RBI) Deputy Governor Viral Acharya said on Saturday. “It will take us many years to understand the outcome of demonetisation. I sense that in financial assets, something has changed as black money […]
Mumbai: Markets regulator SEBI yesterday simplified norms for domestic mutual funds to manage offshore pooled assets, dropping its “20-25 rule” which requires a minimum of 20 investors and a cap of 25 percent on investment by an individual, for funds from low-risk foreign investors. In a notification saying the new regulations would be called the […]