1.SIMPLE RETURNS: These are the reurns offered by instrument over a period of time. Suppose Mr “A” have invested Rs.10,000 in Reliance Growth Fund at NFO at issue price of 10 in 1995. As, we are taking it for concept only,we will ignore entry load etc. Today NAV is : 475. so,Rs. 10,000 invested by…
DO YOU KNOW THESE THINGS?
1.A person without pancard can invest in mutual funds through micro-sip.But proof of other photo-identity needs to be provided.Maximum cap is rs.50000/- per annum. 2.One can not claim separate tax benefits for dividend reinvested in elss schemes.Suppose person invested rs. 50000/- in elss schemes and receives dividend of 5000/- in financial year and option he…
SILVER HITS A RECORD HIGH OF 58000 AT MCX:
YESTERDAY SILVER MCX HITS A RECORD HIGH OF 58000. COMEX SILVER HITS ANOTHER RECORD HIGH OF 31 YRS OF $39.80.