Fundsinstructor helps you to select the best mutual funds. Before selecting the best option of Mutual Fund, it is crucial for investors to identify their Financial goal. Once investors have identified their goals, then they may select the appropriate mutual fund product in sync with their short or long-term financial goals. 1. Tax Liability Tax liability plays a crucial … [Read more...]
How to read your NPS Statement?
Investors get a transaction statement by email every month like the consolidated monthly account statements for their investments in shares and mutual funds, and the statement tells them how their NPS investments fared. Sometimes investors opt for online transactions while investing in NPS and the monthly statement sent to them can be used for record-keeping. Here Funds … [Read more...]
Buying rules of Mutual Funds have been changed
SEBI said in a circular on Thursday that "Mutual Fund orders will soon get the NAV of the day when funds reach the asset managers and not of the day of application." The new orders will be applicable from 1st January 2021. Earlier, mutual funds orders less than ₹ 2 lakh got the NAV of the same day as the application, if placed within the cut-off period of time The mutual … [Read more...]
SBI Magnum Children’s Benefit Fund Investment Plan
On 7th September 2020 India’s largest public sector bank, the State Bank of India (SBI) launched an SBI Mutual Fund investment plan called 'SBI Magnum Children's Benefit Fund - Investment Plan'. SBI Magnum Children's Benefit Fund - Investment Plan is a debt-oriented saving plan. The SBI Magnum Children's Benefit Fund - Investment Plan will be invested in equity or … [Read more...]
Income Tax department improved Form 26AS from this Assessment Year
On Saturday 18th July 2020, an official statement of the ministry of finance said that “from this assessment year, taxpayers will see an improved Form 26AS that would contain some additional details on taxpayers’ financial transactions as specified in the Statement of Financial Transaction (STFs).” The new form has been introduced to ensure that taxpayers will no longer forget … [Read more...]