Mutual Funds Should Stop Inflows in Their Active ELSS Before Launching Passive ELSS

The Securities and Exchange Board of India (SEBI), in a circular dated May 23, 2022, allowed the Indian mutual fund houses to launch passively managed open-ended Equity-linked Savings Schemes (ELSS) with effect from July 1, 2022, providing investors with yet another tax-saving investment option. Mutual fund houses may introduce passive ELSS (via Index Fund), and these schemes…

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January 13, 2023 | by

Are You Investing in the Right Mutual Funds? Think again!

Mutual funds are often suggested as the go-to investment avenue for meeting a variety of financial goals. Investments in mutual funds are different from savings, and they are certainly different from just depositing money or buying gold or property. A mutual fund investment should always be made with a clear insight into the plan and a clear…

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January 12, 2023 | by

7 Key Expectations of Mutual Funds from the Union Budget 2023-24

The Association of Mutual Funds in India (AMFI) has floated proposals for the Union Budget FY 2023-24. In its elaborate budget wishlist, AMFI has proposed measures which would make the Indian mutual fund industry more investor friendly and take it to the next level of growth. Notably, many of these proposals have been part of the AMFI’s wishlist…

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January 11, 2023 | by

Interest Rates for Small Savings Schemes Hiked Again! Here’s All You Need to Know

Most individuals invest in some kind of small savings scheme to create wealth. The purpose of the central government-backed Small Savings Schemes is to encourage all citizens, regardless of age, to save regularly. These schemes come with a sovereign guarantee, tax benefits, and returns that are typically higher than bank fixed deposits with less risk and volatility.…

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January 5, 2023 | by