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Looking to invest in mutual funds? Here’s how to get your KYC done

Complying with the Know Your Customer or KYC norms is mandatory for every mutual fund’s investor. It is important for an investor to submit their identity details to the mutual fund houses. AMC’s are required to formulate rules and implement a customer identification program in accordance with the Prevention of Money laundering Act, 2002 (PMLA). These rules and regulation gets updated and is issued by SEBI from time to time. The KYC process is free for the investors. What are all documents required? Firstly, you need to get a KYC…

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Nepal needs to invest 49 pct of GDP in 15 years to attain sustainable development goals

KATHMANDU, Feb. 19 (Xinhua) — Nepal will have to invest around 49 percent of gross domestic product (GDP) during the period from 2016 to 2030 in order to achieve Sustainable Development Goals (SDGs), the National Planning Commission said. The commission said in a report that the Himalayan country will have to invest an estimated 17 billion U.S. dollar annually to achieve the SDGs. SDGs – a follow-up on Millennium Development Goals (MDGs) which expired in 2015 – are a set of 17 goals and 169 targets covering a broad range…

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Mahindra Group to invest Rs 2,325 crore in Maharashtra

The Mahindra Group today announced over Rs 2,300 crore investment in the state in three projects of which as much as Rs 1,700 crore will be spend towards creating an entertainment destination at Kandivali, a northwestern suburb of the megapolis. Addressing the Magnetic Maharashtrainvestor summit here this evening Mahindra group chairman Anand Mahindra said his software company Tech Mahindra will invest Rs 125 crore to create an all-green tech hub in Nagpur that will create ate least 2,500 jobs. On the Rs 1,700-crore investment announced in the city, Mahindra said, “we are exploring to set…

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Want to buy a house? Here’s how much to invest in SIPs to achieve your goal

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. Financial goals are an integral part of investing money into various schemes. Setting aside a life or financial goal can often be motivational for higher investments. A call to Zee Business mutual fund helpline came from a 28 year old investor who has started an SIP in six funds. His dream is to buy a house after a period of seven year and will continue with his investments after that. For that he said he wanted a…

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Should You Invest in the Snapchat IPO? Read This First

Whether you’re obsessed with keeping your Snapstreaks going or have no idea what that means, you may be itching to invest in this week’s initial public offering of Snap Inc., parent company of the popular Snapchat app. The appeal is understandable. For users of the app, owning shares of a company you use every day (or hour) can seem like a good investment. For nonusers, the urban legends of get-rich-quick IPOs are exciting enough on their own. Of course, not every IPO is a success. And even if Snap gets off…

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