mutual funds

In the period of first five months of the current fiscal, the asset management companies (AMCs) have added close to 70 lakh investor accounts. This has brought the total to 13.65 crore. This can be attributed to the increase in…

Any Fintech Startup Can Now Launch Mutual Funds As Rules Relaxed: All You Need Is Rs 100 Crore! SEBI revokes the profitability criteria for fintech startups to enter the mutual fund businessThe modification carried out to encourage…

Get Instant Loan Against Your Mutual Funds Via ICICI Bank - This Is How It Works The ICICI Bank has announced a launch of a new facility where retail customers will be able to get loans of up to Rs. 1 crore. The scheme will be…

Stamp Duty On Your Mutual Funds From July 1: How Will It Impact Investors? As per the reports, From 1st July, all shares and mutual fund purchases will attract a stamp duty of 0.005% and any transfer of security (MF units) will attract…

No KYC? You Can't Invest In Mutual Funds Now; How To Complete Investor's KYC In India? If you are planning to invest in mutual funds, well, you can invest in mutual funds only if you are KYC compliant according to the AMFI circular. …

Now Pay 10% Tax On Your Mutual Fund Income Of More Than Rs 5000: Extra Burden On Investors? One of the shocking announcements made by Finance Minister Nirmala Sitharaman was the new 10% tax on all gains/income made via mutual funds, of…

40% Indians Want Early Retirement Are you among the ones who cannot continue listening to your boss’s tantrums or are already tired of going to office and living the same monotonous life everyday in and out? If so, you are not the…

Two very interesting developments have taken place at the Paytm camp. More than 40 million Paytm Payments Bank customers can now easily invest in mutual funds, and pay via Paytm Money wallet. Whereas Paytm’s parent company has pledged…

Paytm Money, which is gearing for its grand launch in few weeks, is already is a huge hit. As per a senior official from Paytm, they have right now more than 5 lakh users signed-up for buying mutual funds.

As per confirmed reports coming in, Paytm will soon launch a new, separate app which will only cater to buying of mutual funds, the direct way. The Paytm Mutual Fund app would be powered by Paytm Money, which is their new wealth management…