Quantum Mutual Fund has announced the launch of its new fund scheme, Quantum India ESG Fund. ESG stands for Environment, Social and Governance, 3 parameters which together define sustainability. For the new scheme, the ESG criteria will play a key role in selection of stocks for the scheme’s portfolio. Why ESG? As the world gets […]
ICICI Pru MNC Fund – NFO – What’s new?
ICICI Pru Mutual Fund has just launched its ICICI Pru MNC Fund. The NFO is open from May 28 to June 11, 2019. Should you invest? What is an MNC? MNC stands for multi national corporation. If you thought it refers to only foreign brand companies such as Hindustan Unilever, Nestle, Colgate and you cannot […]
Principal Small Cap Fund – NFO – Should you invest?
Principal Small cap Fund offering comes from the underlying belief of fund houses that there is money to be made in small caps. Whether this money is for the fund or for you the investor, remains a question. Having worked with 100s of clients and interacted with many others, my view is that most investors […]
How to calculate your Capital Gains Tax on Mutual Funds in 2019
The year 2018 saw the introduction of long term capital gains tax on equity investments (mutual funds or direct stocks) at the rate of 10%+surcharge. As you file your tax returns, here are some key points to wade through the calculations. If you have sold your equity investment (held for more than 1 year) in […]