Small savings schemes not only offer assured returns in the range of 4 to 8.2 per cent per annum, but enable investors to claim income tax exemption of up to ₹ 1.5 lakh under section 80C of Income Tax Act. Besides FDs, however, investors tend to invest in small savings schemes or post office savings schemes primarily because of the …
Many of us are aware about mutual funds as investors, through television commercials or from someone who has invested in them. SEBI has classified Hybrid funds into 7 sub-categories as follows, Conservative Hybrid Fund, Balanced Hybrid Fund, Aggressive Hybrid Fund, Dynamic Asset Allocation or Balanced Advantage Fund, Multi Asset Allocation Fund, Arbitrage Fund and Equity Savings. Other Schemes – Index …
Many mutual fund houses are engaging in launching new schemes at the beginning of the year 2023. Recently, Kotak Mutual Fund announced on January 5 the launch of Kotak FMP Series 305 under its debt category. The benchmark index for the mutual fund scheme is NIFTY Medium Duration Debt Index and the minimum investment amount is ₹5,000 and in multiples …
