Here are some of the frequently asked questions by investors about different investment products. 1.How to calculate income tax on Infrastructure Bonds: Infrastructure bonds carry tax benefits U/S 80CCF but interest received is taxable similar to bank fixed deposits.In fact,, interest flow statement certificate was expected to provide from Bond Issue companies.As it has not provided…
Contra Mutual Funds:
Sometimes,due to some reasons stock may trade at lower levels than its actual values.Contra funds works on this idea of picking the stock when it is weak.By purchasing the stock,fund manager believes that market will recognise the stock value and will trade at the intrinsic value in future.In general,contra funds prefers to invest in large…
Review of Reliance Gold Savings Fund:
Reliance Gold Savings Fund was the first kind of fund which allows investors in Gold through GOLD ETFs through mutual funds. This fund was opened for fresh,new purchases 2 months back. Uptill there was no facility available for SIP of Gold. Objective of the fund is to generate similar kind of returns generated by physical…