HDFC AMC shares listed on Monday and ended the day with gains of 65%. Photo: HT The HDFC Asset Management Co. Ltd stock closed 65% up on the first day of listing over its IPO price of ₹1,100 per share. Investors who sold on day one, saw ₹1 lakh investment turn to about ₹1.65 lakh over a 10-day period. HDFC AMC’s business …
Photo: iStock I am an NRI and have been told that I can’t invest in mutual funds in India because of Foreign Account Tax Compliance Act (Fatca). Is that true? If yes, what is the next best option for me to invest in? —Abhay Gupta Ever since Fatca has been enforced, financial institutions outside the US have become increasingly reluctant to deal …
A scheme’s turnover ratio tells you how frequently its fund manager buys and sells the underlying stocks. Typically, higher the turnover ratio, more your fund manager churns. Click here for enlarge [“Source-livemint”]
Under the SWP option, the mutual fund investor gets a specified amount as a monthly payout. Bank fixed deposits, Senior Citizens Savings Scheme, and Post Office Monthly Income Schemes are some of the popular investment options for retired and semi-retired people who like to earn regular monthly income. Can mutual funds do the job? Many debt funds as well as …
Disclaimer: This story is for informational purposes only and should not be taken as investment advice. You can earn a regular monthly income just by investing a substantial portion into mutual funds. However this may include the impending tax liability. In a mutual fund query, an investor wanted to know where they should invest to earn Rs 50,000 on a monthly …
SIP (Systematic Investment Plan) is one of the most considered tools by mutual fund companies to receive the investments and pay out the dividends. Be it senior citizens or youngsters; this investment plan provides benefits to all age groups. So, here are some of the features of SIP Mutual Fund. Remember your childhood days when you used to save small …