Mutual Archives - Page 2 of 2

Filing Income-Tax Returns: 5 tax implications of mutual fund investments

June 26, 2018 Loknath Das5%;, Filing, Fund, implications, Income-Tax, Investments, Mutual, of, returns, Tax

If you are a mutual fund investor, one of the important things to understand is the tax implications on your investments. Investment in mutual funds comes with various tax provisions. Thus, while investing in equity funds can carry tax saving benefits under Section 80C of the Income Tax Act along with the Long Term Capital Gains (LTCG) taxation, investing in debt funds come with indexation benefit. However, there is often confusion on mutual fund taxation. For example, many of us think that investments in all equity mutual fund are eligible…

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

May 3, 2018 Loknath DasDone, Funds, Get, Here's, How, In, Invest, KYC, looking, Mutual, to, Your

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…

Should you go for perpetual SIP while investing in mutual funds?

January 31, 2018 Loknath Dasfor, Funds, Go, In, Investing, Mutual, perpetual, Should, Sip, While, You

While investing in a mutual fund scheme through systematic investment plan (SIP) mode, you get the pre-defined option for how long you want to continue your investments – 3 years, 5 years, 10 years, or perpetual? It means opting any of the options will let your investments amount disbursed from your bank account through ‘electronic clearing service’ or ECS mode for that particular time and will automatically get stopped as per the decided time you opted for it. However, while opting a perpetual option, your investments will continue for the…

How to earn Rs 50,000 monthly via investing in mutual funds?

December 16, 2017 Loknath Das000, 50, earn, Funds, How, In, Investing, Monthly, Mutual, Rs., to, via

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. You can earn a regular monthly income just by investing a substantial portion into mutual funds. However this may include the impending tax liability. In a mutual fund query, an investor wanted to know where they should invest to earn Rs 50,000 on a monthly basis, a report by ET Mutual Funds revealed. “I am looking for a monthly income of Rs 50,000. Tell me how to go about it? How much investment is required? Whether one-time…

Mutual Funds Roll Out Aadhaar Facility for Investors

March 17, 2016 SrijitaAadhaar, Facility, for, Funds, Investors, Mutual, Out, Roll

New Delhi: To make it easier for investors to buy or sell mutual fund products, fund houses are offering the facility of investing in such products by using the Aadhaar number. The investor can invest online in mutual fund products even if the person is not compliant with Know Your Client (KYC) details. The new service will help investors buy or sell mutual fund (MF) products in a simpler and faster way. The move comes after Sebi issued guidelines to change the existing norms for investing in mutual funds. Quantum…