Effective from 1st April nomination is compulsory across all new investments made in mutual funds. In case if you do not wish to nominate your investment,please submit declaration form of non-intention of making nomination In case of joint holding all unit holders needs to sign for addition/deletion of nominee even if mode of operation is…
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…