SOME OF THE GOVT OWNED COMPANIES ARE ACCEPTING DEPOSITS FROM PUBLIC. BENEFITS OF THESE DEPOSITS ARE THAT THEY OFFER SECURITY AS WELL ENOUGH DIVERSIFICATION TO THE PORTFOLIO. TAMILNADU POWER FINANCE & INFRASTUCTURE DEVELOPMENT CORPORATION LTD: WHOLLY OWNED BY GOVT OF TAMILNADU. REGISTRED WITH RBI AS A NON BANKING FINANCE COMPANY. PROVIDES FINANCIAL ASSISTANCE TO POWER…
SIMPLE RETURNS VS COMPOUNDED RETURNS:
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…