HUDCO – wholly owned by Govt of India, is mandated to build affordable housing & to carry out urban development.It provides long term finance for construction of residential houses & urban development programmes in the country. HUDCO will come up with public issue of tax free bonds in January 2016 & it will issue tax…
HDFC Mutual Fund Retirement Savings Fund:
HDFC mutual fund is in process to launch Retirement savings fund.As name indicates,this fund will offer investors to accumulate corpus meant to be used after retirement.This fund is similar to any other mutual fund scheme with some modifications which will encourage to invest for long term. Details of HDFC Retirement Savings fund are as follows:…
What Is Dividend Stripping In Mutual Funds:
Dividend stripping in mutual funds is in news today. Generally dividend stripping involves purchasing mutual fund units which will likely to declare a dividend shortly. After receiving a tax free dividend,investor will sell the mutual fund units whose NAV have fallen post dividend. It will result in short term capital loss which will be available…