Tax Saving Mutual Funds: Investor can invest in Tax saving mutual fund scheme known as ELSS – Equity Linked Saving Scheme and avail tax benefit u/s 80C. Typically these are equity oriented mutual funds which invests at least 80% of corpus in equities. Key benefits of Tax Saving Mutual Funds: 03 yr lock in period…
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…