One more NFO – New Fund Offer is on the way.Axis MF Children’s Gift Fund.As name indicates, Child will be the beneficiary investor. There are already few funds based on this theme like those offered by mutual fund houses like HDFC, ICICI Pru,TATA ,SBI etc. Few details of Axis Children’s Gift Fund are as…
FATCA & KYC Updates For Mutual Fund Investors:
As per recent notification from AMFI – Association Of Mutual Funds In India – mutual funds need to adhere following requirements from November 2015. Mandatory Additional KYC details : Investor need to provide additional KYC details like -Gross income,Occupation,Net-worth,political association etc.This set of details is captured in the scheme application form, in addition to standard…
How Dividend Option Affects Your Returns In Long Term:
Generally, any mutual fund scheme have two options – Growth and dividend. Fund distributes some income in form of dividend to its investor, if opted . But any investor who have regular income should opt for dividend option. Answer is “no” as after dividend is distributed NAV drops up to extent of dividend paid. This…