The Securities and Exchange Board of India (SEBI) has formalized a graded exit load structure on Liquid Mutual Funds. It has also stated that the load structure will be reviewed annually by AMFI, in consultation with SEBI. As of now, exit load is not applicable on Liquid mutual fund redemptions. What is an Exit Load in Mutual […]
Mutual Funds
Top 5 Best ELSS Mutual Funds 2020 | Tax Saving Equity Mutual Fund Schemes
For salaried employees, the deadline to submit the provisional tax saving investment proofs is fast approaching. Most of the employers collect the documents in the month of January. During this period investors/employees who have not commenced their tax planning generally rush to buy life insurance policies or some other tax saving investments. There is one […]
RBI’s statistical data on Indian Household Investments & Savings (2018-19) | How & Where do we save & invest?
The Reserve Bank of India (RBI) has released the latest volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy – 2019′ on 15th Sep, 2019. Through this publication, the Reserve Bank has been providing time series data on various Economic and Financial indicators for the Indian economy. You can find lot […]
Cost Inflation Index FY 2019-20 / AY 2020-21
The cost of inflation index (CII) for the financial year 2019-20 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 2019-20 as 289. For the previous FY 2018-19, CII was 280. The rate of inflation for indexation purposes have been specified by the Indian Government for every […]
What are Mutual Fund Upside / Downside Capture Ratios? | How to use them in MF Performance Analysis?
‘The Stock market index (Sensex/Nifty) has been performing well, but, my Mutual Fund has relatively not been performing well.’ ‘The market has been stable, but, my fund is in deep red.’ We often hear these sentences from mutual fund or equity investors. The ideal scenario where-in every an investor would like to be in is […]
How to adjust Short Term Capital Gains against the Basic Exemption Limit? | Tax Rules & Examples
Capital asset typically refers to anything an individual owns for personal or investment purposes. It includes all kinds of property, movable or immovable, tangible intangible, fixed or circulating. Capital assets are further classified as Financial assets and non-financial assets. Financial assets are intangible and represent the monetary value of a physical item. Stocks (Shares) and equity […]