Has a mutual fund distributor tried to sell a balanced (equity-oriented hybrid) fund to you with the promise of a regular dividend each month? According to industry insiders, distributors are promising one per cent tax-free dividend each month (12 per
Subscribers of retirement fund body EPFO can now withdrawal money from their PF account using one common form and will not be required to file documents like marriage invitation cards for taking advances.
Imagine earning an annualised return of 17% from a debt mutual fund (MF) scheme. Surprised? But, this is what happened in 2016. The best-performing gilt fund’s return was as good as equity returns in a good year.
Photo: ShutterstockThe government, a month after implementation of demonetisation, has decided to give a push to digitisation. On Thursday, Finance Minister Arun Jaitley announced a slew of incentives for people willing to transact digitally.
After demonetisation, many fixed-income fund managers were of the opinion that the Reserve Bank of India (RBI) would cut the repo rate by another 50 basis points (bps) by the first quarter of the next financial year.