As the financial year draws to a close, it is time for taxpayers to finalise their tax planning. Equity Linked Savings Schemes (ELSS) is one of the various tax planning investment products eligible for deductions under Section 80C. Apart from investment amount, dividend income and redemption proceeds are absolutely tax-free. These funds also have the…
The State Bank of India (SBI) relaunched the facility of Aadhaar-based savings account opening digitally on Friday. This facility is available for those customers who want to open their online account through ‘YONO’- lender’s integrated and lifestyle platform. In order to provide the customers with paperless, hassle-free, and digital banking experience, State Bank of India will…
Indiabulls Mutual Fund joins its peers in the latest trend of filing for overnight funds with SEBI, with its Indiabulls Overnight Fund. The new open-ended debt scheme will invest in overnight securities having maturity of one day. Overnight funds are least affected by interest rate changes, making them a relatively safer choice than liquid funds….
Returns Fund Name AUM (Cr) 1-Year 3-Year 5-Year ICICI Prudential Balanced Advantage Fund – Direct Plan 27,468.28 9% 9% 11% HDFC Balanced Advantage Fund – Direct Plan 40,918.93 6% 11% 10% Invesco India Dynamic Equity Fund – Direct Plan 908.43 6% 9% 10% Aditya Birla Sun Life Balanced Advantage Fund – Direct Plan 2,630.03 9%…
Table of Contents : What is Capital Protection Fund? How Does Capital Protection Fund Work? Characteristics Who Should Invest? List of Capital Protection Funds What are Capital Protection Funds? A mutual fund, categorized under closed-hybrid funds, oriented towards protecting your capital from any market risk with balanced exposure to both equities and debt is known…
With the growing popularity of mutual funds in India, inflows into schemes of all types have surged. According to AMFI (Association of Mutual Funds in India) data till March 2018, there were 71.35 million mutual fund accounts in India with individual retail investors accounting for 99.4% of these. In terms of allocation, 83% of investment…
Mid-cap equity funds are those that invest in companies with middle-sized market capitalization. The size of the company acts as an important factor while creating equity portfolios. The investment portfolio of an investor should have a mixture of small-cap, mid-cap and large-cap funds in order to balance the opportunities and risks, in both bearish and…
In recent months, the bell weather Sensex has reached unmatched highs and is currently continuing to maintain levels exceeding the 30,000 mark. That’s probably the reason why investors trying to time the market are finding themselves in a difficult situation with respect to investment selection. According to experts, the key reason for this sustained bull…
