Question: How many mutual fund schemes are there in existence? Answer: Close to 1000 mutual fund schemes including diversified equity, debt, tax saving, balanced, MIPs, sectoral, thematic, etc. etc. Question: How many schemes do you need to invest in? Answer: About 5 to 7, depending upon needs. So, out of 1000 mutual fund schemes, you, as […]
Tax savings – 10 ways to save tax and build wealth
It is that time of the year. Your HR department just sent you an email stating the tax that is going to be deducted from your salary in the coming months. Why? Because you are yet to submit the relevant proofs of investments. The amount is huge. It has got your eyes to pop out. It totals up […]
How to do KYC and FATCA Compliance – A quick guide
Have you submitted your KYC and FATCA details? As an existing mutual fund investor, you would have done your KYC (Know your Customer). As a part of the process, you submit specific information about your identity, residence, income and political exposure. That is not enough for now! There is an additional requirement that has come up for existing mutual fund […]
Should you Own a piece of India? – Tata Mutual Fund NFO
Welcome to the (financial) jungle! Tata Mutual Fund (Tata MF) has recently announced its New Fund Offer (NFO) of “Own a Piece of India”. Let’s dissect this Tata Mutual Fund NFO and see if it deserves your money. Highlights of the Tata Mutual Fund NFO This umbrella theme comprises of 5 NFOs and 1 Existing […]
