Finance Minister of India presented union budget 2016 today and have some positive or negative implications for investors.We have taken a view on impact of budget on some important financial instruments. Update on 08/03/2016 : Finance minister have announced withdrawal of budget proposal to tax EPF. No change in income tax slabs:There is no change…
HUDCO Tax Free Bonds March 2016:
HUDCO – Housing & Urban Development Corporation Of India ,owned wholly by Govt Of India – is engaged in affordable housing projects and urban development has come up with an issue of secured, tax free bonds which will open on March 02, 2016. HUDCO intends to raise Rs.1788.50 crores through this issue. Important dates: Issue…
Mutual Fund SIPs – Migration From ECS To NACH:
NPCI -National Payment Corporation Of India have recently issued circular and asked mutual funds to migrate from ECS – Electronics Clearing System to NACH registration for servicing of SIPs – Systematic investment plans.SIP is a way of periodic investment where installments are debited from investors bank account. NACH – National Automated Clearing House is faster,centralized…