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.
Customer Care options for SBI
Phone customer care
Toll Free Number: 1800 209 3333 / 1800 425 5425
Board Number:+9122 61793000.
SBI Funds Management Pvt Ltd.
A Joint venture between SBI and AMUNDI
(CIN – U65990MH1992PTC065289)
9th Floor, Crescenzo, C-38 & 39, G Block,
Bandra (East), Mumbai-400051
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
Features of Index Funds
- Passive Investment– Index funds are passively
TL/DR: Summary of the post
1. Child Plans available and marketed by different companies are not great
2. Create your own child plan
3. Mutual funds can be a great way to create a Child Plan for your Childs future
education or other requirements
4. Learn how to create your personalized child plan
Providing your child the best possible education is the dream of every parent and to make this dream into a
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,
- We live in a country where the state provided social security is almost zero.
- Unlike our parents, most of us
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
Kotak mutual fund which was earlier called Kotak Mahindra Mutual Fund. Kotak Mutual fund is one of the premier asset management company in India. Kotak Mutual Fund offers schemes across the spectrum of fund categories. Kotak mutual fund fact sheet helps you review performance of Kotak mutual funds.
Kotak mutual fund fact sheet what should you look for
Kotak mutual fund fact sheet gives you the summary of the performance of all Kotak mutual fund schemes here are