Today we will summarize key important mutual fund updates in the financial year 2012-2013.Financial year 2012-2013 was important for mutual funds as number of regulations hit mutual funds in the year & today we will summarize the same. Uniform KYC:Uniform KYC for stocks mutual funds through CVLKRA was introduced in the last financial year.It was…
What Are Gilt Funds
Gilt Funds:Gilts funds invests in the securities offered by Central Govts of different maturities & those offered by State Govt. As Gilt funds invests in Govt securities,investment can be called as free from credit risk & there is no chance of default. Where do Gilt Funds Invest: Govt Of India Securities. State Govt securities. Treasury…
Interest Rates Reduced By 0.1% For PPF,Postal MIP,SCSS & NSC
Yesterday Govt have reduced the interest rates for small saving schemes by 0.1%.Since last year Govt have decided to have the rates dynamic & interest rates will reset for every year as per surrounding interest rate scenario. Interest Rates are revised for different instruments like PPF,Postal Monthly Income Plan (MIP),Senior Citizen Saving Scheme (SCSS),National Saving…