If you are looking to participate in charity,here is an opportunity for you. HDFC MF Charity Fund for Cancer cure. Investor can donate dividends towards charity,providing treatment towards needy & underprivileged cancer patients. HDFC Charity fund for cancer cure fund: 1.It is an 1136 days closed ended scheme (Arbitrage or Debt option) from HDFC Mutual…
Mutual Funds with Instant Redemption Facility:
Now,investors can manage their savings more efficiently after introduction of Instant Access Facility (IAF) by Liquid schemes of certain mutual funds.Investor can have instant access to money up to Rs.50,000 or up to 90% redeemable fund value,which one is lower. Currently following funds are offering instant access facility: Facility will be available only in…
What is CKYC in Mutual funds:
CKYC – Centralized KYC – an initiative of Govt Of India which will be administered by CERSAI – Central Registry Of Securitization Asset Rsconstruction And Security Interest Of India. Central KYC Registry will be a centralized repository of KYC records of investors in the financial sector with uniform KYC norms allowing inter-usability of KYC records…