Bitcoin is the most famous cryptocurrency in the world, in addition to being the first decentralized digital currency that works without a ‘middleman’. Transactions involving this global payment system take place directly between users on a peer-to-peer basis, without the involvement of an independent central bank or single administrator.
Bitcoin’s popularity has also led to the birth of other virtual currencies that use digital encryption for transaction security and new unit
Diwali or Deepawali is one of the most important festivals of India. It is called the festival of lights and signifies the return of King Rama (purported to be the seventh avatar (incarnation of the god Vishnu) after 14 years of exile during which he fought and won a battle against the demons and the demon king, Ravana. People lit their houses to celebrate his victory over evil (light over darkness). The goddess of happiness and good
Since Jan 1, 2013, all open ended mutual fund schemes including equity and debt fund started to offer Direct Plans alongside with the Regular Plans. This started an era of self-investing in mutual funds without the assistance of financial advisors or need to visit a distributor for investing into a mutual fund by investors. After the introduction of the direct plan in transformative reform measures by SEBI in September 2012, its popularity has increased with the retail investors. It
Indian Mutual Fund Industry has come a long way since its introduction in 1963. From a single asset management company enjoying a total monopoly of the sector to a range of diversified products being offered by both domestic and global companies. With time, the domestic MFI have innovated themselves to suit the most modern needs of the investor. One such reform happened in mutual fund sector in 2013 was the introduction of Direct Plan by SEBI.
The introduction of Systematic Investment Plan (SIP) in the mutual fund is regarded as one the major breakthrough in the sector. It has helped to attract a new class of investors in the sector who were not comfortable to invest a lump sum at a time. SIP in mutual fund first was launched on December 4, 2010, through BSE Star MF platform. Today, it has around 1.52 crore active SIP accounts that have contributed Rs 43,921
SBI Mutual fund is a premier AMC( Asset management company). As on June 30th 2017 they have an AUM of 168815.97. As on today there are 565 different schemes that SBI mutual fund returns.
Toll Free Number: 1800 209 3333 / 1800 425 5425
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Website: sbimf.com
SBI Funds Management Pvt Ltd.
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As you watch CNBC or read any business newspaper almost every commentator will be telling you about the highs the market keeps on scaling and the party seems to never end. Below graph captures the one-year secular upward trend of stock markets in India
So if you are thinking of entering the market and joining the party how do you
Taxes has always raised eyebrows of peoples and are more concerned about reducing its impact. Taxation on investment reduces the net impact of return on investment. This post discusses mutual funds taxation in detail with focus on Equity Funds Taxation, Debt Funds Taxation, SIP Taxation, Balanced Funds Taxation, Index Funds Taxation , Mutual Fund Dividend Treatment/Taxation and ELSS Taxation.
Unlike interest from Fixed deposit which is taxed according to the income tax slab of the depositor,
Birla Sunlife Mutual Fund is one of the premier fund houses in the country. It was established in 1994 as a joint venture between Aditya Birla group and Sunlife Financial Inc of Canada. Birla Sunlife Mutual Fund factsheet is the monthly scorecard of all the mutual fund schemes run by Aditya Birla Sunlife Mutual Fund. Before we get into the details of factsheet for Birla mutual fund. lets have an introduction to Birla Sunlife